Coral Products Share Discussion Threads

[this_is_me] 27/1/2017 07:36

Something drastic happened in Nov and Dec to get the CEO and FD fired.

[markth126] 27/1/2017 07:20

What happened since the half year where all was rosy, sounds very different this update. Dividend then out for me I'm thinking!!

[markth126] 27/1/2017 07:04

Oh dear, this is not going to be pretty this morning!!!

[leading] 08/12/2016 10:07

A good set of results and a clear sense of direction.

Post Brexit vote currency dislocation successfully negotiated.

Investing for identified growth prospects.

I like the look of this company.

[clocktower] 08/12/2016 08:02

Better than expected with all the turmoil but there has been a softer market in some areas but all in all it seems they are dealing with these and pushing ahead, build sales and production.

Well done JG and co.

[this_is_me] 08/12/2016 07:43

Solid set of results. Everything going to plan and prospects remain good.

[oldvic] 06/12/2016 19:21

i pressume its tommorrow

[oldvic] 30/11/2016 07:55

goody goody

[charo] 28/11/2016 19:45

Generally early december .

[oldvic] 28/11/2016 19:29

december results ???????

[briangeeee] 01/11/2016 14:07

"more competitive in an international market". They compete against imports.

[sharw] 01/11/2016 12:56

"no upside at best" - try reading the trading statement:



More expensive raw materials may be offset by "import substitution"

"... more competitive in an international market" - 97% of sales are domestic.

[briangeeee] 01/11/2016 12:33

They're a UK based manufacturer, so their products will become more competitive in an international market. Input costs are similar for all.

[clocktower] 01/11/2016 08:39

With the continued weakness in the exchange rates it must be assumed that there will be no upside at best, which in turn suggests that the share price is more likely to continue in its present trading range until such time as further news is published. Regrettably,I cannot see any news being very encouraging at present but being a case of steady the ship while in turbulent waters.

[valhamos] 28/9/2016 09:28

Yes a promising statement and the company seems to be coping so far with the recent fall in exchange rates.

[temelco] 28/9/2016 08:17

Hmmm sounds good.....

[spectoacc] 13/9/2016 08:55

I'm sure everyone buying yesterday on G Williams' comment did their research re currency effects... :) :)

[topvest] 12/9/2016 21:05

I'm a fan of Gervais Williams, but he's wrong on that statement. Coral products are an importer of goods, and so they are faced with a 10% input price increase to pass on to customers in some form. They are not a beneficiary. Anyway, they have said that they should be able to deal with the change without too much of an adverse impact, so I'm also not unduly concerned.

[temelco] 12/9/2016 19:02

Valhamos - yes he really did say that

[valhamos] 12/9/2016 18:55

Did Gervais Williams really say that the company is a beneficiary of the devaluation in sterling? I do not think he is correct. Coral's exports are quite small whereas a significant amount of raw material purchases are in euros. The effect of sterling's devaluation will therefore increase costs and put pressure on margins. This is confirmed in the Chairman Statement in the Annual Report which states that "The significant fall in the relative value of sterling against the dollar and the euro since the beginning of the year, together with the prevailing uncertainty, could have a negative effect on our business. We are taking steps across the Group to mitigate these."

Despite this personally I am not overly concerned by the currency impact at this stage as long as the price of oil remains at current levels.

[temelco] 12/9/2016 14:35

Gervais Williams in Sunday Times:
".... It is a beneficiary of the devaluation of sterling so, if anything, its prospects have improved over recent weeks.
The company has a dividend yield of 4.21% and hopefully that will continue to grow as the business reports improved profits in the coming months and years."
Quite a lot traded today as well

[temelco] 12/9/2016 11:21

Mention in Sunday Times- quite a nice one actually

[mortimer7] 12/9/2016 09:33

Lots of volume & transactions this morning, can't see any news.
Offer moved up to 21p, but bid still at 19p.

[charo] 31/8/2016 16:11

Well if you read the trades obvious a cross not real sale.non event.