Share Name Share Symbol Market Type Share ISIN Share Description
Coral Products LSE:CRU London Ordinary Share GB0002235736 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.50p +3.67% 14.125p 13.25p 15.00p 14.125p 13.625p 13.625p 40,000.00 09:00:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 18.7 0.8 1.1 12.6 11.67

Coral Products Share Discussion Threads

Showing 1101 to 1125 of 1125 messages
Chat Pages: 45  44  43  42  41  40  39  38  37  36  35  34  Older
DateSubjectAuthorDiscuss
09/2/2017
19:24
take over target ? hes cleared the decks a litle
oldvic
08/2/2017
08:09
Having watched how this is panning out, it seems to me that Joe`s buying has once again had the effect of stabilising the share price Unless further bad news comes, it seems likely that not much will change until we get some figures with another outlook statement.
clocktower
30/1/2017
16:10
The market in general looks set for a correction, and if economic figures show further signs of weakness this could find 10p would be hard to hold onto imo.
opodio
30/1/2017
13:25
More small director buying announced today to try to shore up the breeches I assume. I expect there are more that will be happy to remove themselves from the remaining risks and sell into the slightest strength. If there is a second profit warning it could go lower than 10p I guess.
clocktower
29/1/2017
20:09
As we all can sell hold or indeed buy.business is never easy or always upwards. See French connection BT coop bank next robinsons Rsb Announcement was brutal but frank let's see what transpires.
charo
29/1/2017
19:23
Having seen him in action? Appointing the CEO was a big mistake on his part by the look of it Sort it or sell it
truffle
29/1/2017
18:09
As note says all subs profitable except mouldings.RZ was supposed moulding whizz big rep.So not a problem with acquisitions ?According to accounts JG has over 5million shares none from options.Having spent 4 years turning sows ear to silk bet he spitting blood and having seen him in action bet on coral.
charo
29/1/2017
16:27
Was this Grim guy involved with a previous plc, which sunk ?
coolen
29/1/2017
08:31
I've felt that there was one acquisition too many (Global Pak) when the company should have been focused on improving efficiency at Haydock and subsuming other acquisitions. If you go on a big acquisition spree, you need the right directors including an appropriate CEO and FD with experience of consolidating several businesses etc and company 'infrastructure' (financial reporting etc) to support this. Its no mean feat and I wonder if they moved too quickly to offset cessation of media sales. With the share price where it is I doubt we'll be seeing any more acquisitions for a while. I suspect liquidity might be tight given high level of debt at interims, potential earn-outs as noted by others, compensation for loss of office, ringfenced capex etc. I suspect final divi might be suspended. They may have no choice. JG now needs to find another CEO. Maybe a daft suggestion but why doesnt he become CEO and find a decent non exec chairman. Overall very disappointing. Fingers crossed (assuming there is no fraud at play here and that CEO wasnt up to the job rather than up to funny business), I dont see this as a terminal blow but a lot of confidence lost. Share price probably will go lower but IMHO 13p doesn't seem horrific value. Would like to see more substantial director buying before betting the house on it. Fridays purchases were a bit weedy.
valuschmalu
28/1/2017
17:01
Unlikely that the reason is lack of orders. It has been a problem for years to get sufficient volumes through the Haydock factory to compensate for the decline in media products. You don't appoint a new CEO who is reported to have years of injection moulding experience and then part company after 8 months because of a "lull in demand". And if it was a lack of orders you would not say "Immediate steps have been taken to improve performance at Mouldings and losses are expected to be reduced from January 2017 onwards". My guess is that the problems relate to planning and production efficiency or the implementation of new plant and processes and that the new CEO could not deliver what was expected of him. As regards the FD with the acquisitions over the last few years and the increased investment and business growth the task must have been more involved than before and if his heart was no longer in it then it is for the best for all concerned to hand over the reins to someone else.
valhamos
28/1/2017
15:50
As you say, we need more detail. It looks like a statement rapidly cobbled together before news of a massive board bust-up leaked out. "...a poor trading performance" could mean anything - lack of orders? pressure on margins? problems with new super machinery? - we should be told. Sometimes a person appointed does not fit or there is a personality clash - it happens. More worrying is Stephen Fletcher retiring (notice he gets thanked, Zadona doesn't). He will turn 60 on Monday - did they try to persuade him to stay on a while to steady the boat through a difficult period? I doubt whether we will ever know.
sharw
28/1/2017
14:03
It all looks very poor without more detailed explanations Zandona joins as CEO in June 2016 and leaves in January 2017 - makes you wonder. It also points the spotlight on Grimond and the rest of the board - what about their judgement in making appointments? How capable is Grimond himself. Perhaps he should go too.
truffle
27/1/2017
17:27
Good luck topvest but this has been a winner and rewarding for some of us. If your looking for a solid investment with div then stick it in JEL (410/418) - if you want something with a higher risk punt, no dividend take a look at BBSN imo it could jump 50% on a news day at any time. See last RNS.
clocktower
27/1/2017
16:35
Followed joe before and have followed again! Think it will be a long road and maybe a few bumps but worth it in the end! Another 50000 for me today!
markth126
27/1/2017
16:23
I've sold out. Totally lost my patience with this one. Not worth holding given their record of profit warnings. My mistake on buying this rubbish company. Disappointed me before and I got out at a small profit (on average). Should have learnt my lesson. I've actually been selling lots of marginal shares today. Having a bit of a portfolio clean-up.
topvest
27/1/2017
15:58
So Joe followed form and purchased stock today as did D.Low.It seems to have helped support the price as intended I guess.Maybe it will not work at well as last time though, due to the amount of extra stock in the market and liquidity. Time will tell.
clocktower
27/1/2017
13:52
Good point sharw, That reminded me there is also an earn-out sum to be paid under certain terms and targets to the vendors of Global One-Pak Holdings Ltd which could also be very costly and add to the current number of shares. I cannot recall seeing any further info on that, if I am mistaken please correct me. Not a pretty picture at all.
clocktower
27/1/2017
13:40
Not a good day for Gervais Williams, for whom I have some respect for his stockpicking. Miton took up over half of the placing @ 20p last February raising its holding to 20%.
sharw
27/1/2017
11:50
I would think they have had issues with the new machinery, and quite possibly some delays in renewing contracts, and resulting pressure on margins, everything these days is packaged in moulded plastic so I cannot see any reason such as the above as regards plastic in the environment!
bookbroker
27/1/2017
11:24
Will this be the first of many profit warnings?
clocktower
27/1/2017
11:09
This is what Joe said some six weeks or so ago when the accounts till 31.10.16 were presented: Commenting on today's results, Joe Grimmond, Coral's Chairman, said: "I am pleased to announce that trading in the first half of the current year shows revenue and profits both substantially ahead of the same period for last year. Coral Products continues to make good progress in line with our 2015 strategic plan. We have strengthened our position in injection moulding and extruded products whilst at the same time expanding our range of capabilities enhancing our market offering. Results to date in the current financial year have been in line with the Board's expectations and, in spite of prevailing political uncertainties, we remain confident about the Group's future prospects." What a reversal in such a short time - I think a much more detailed explanation is required from him, in view that it seems he was provided with figures that were false, or have they wiped out those profits in six weeks?
clocktower
27/1/2017
09:52
Lots more recent talk on plastic recycling gathering interest.
markth126
27/1/2017
09:50
Could the plastics business be in a long term decline due to adverse publicity including the pledge by Unilever to reduce the use of plastic packaging ? See also http://news.sky.com/story/head-of-sky-news-john-ryley-why-were-launching-sky-ocean-rescue-and-getting-rid-of-disposable-plastic-in-our-canteens-10739990
pugugly
27/1/2017
09:42
Similar situation at Robinson, haven't analysed the businesses, but injection mounded products finding margin pressure, these are two minnows, clearly needs to be consolidation in this industry!
bookbroker
27/1/2017
09:32
topvest. I think you maybe correct about loading Haydock, as other sections were re-located at Haydock - If could have been a way of cooking the books to make the acquisitions look rosier than they really were. Why do they dress these sort of departures as for personal reasons rather than saying there has been boardroom action due to the situation that arose.Why would you also revalue the company property at this time, other than to dress the books?
clocktower
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