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
  +0.125p +0.90% 14.00p 13.50p 14.50p 14.00p 13.875p 13.875p 110,415.00 12:59:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 18.7 0.8 1.1 12.5 11.57

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DateSubject
25/2/2017
08:20
Coral Products Daily Update: Coral Products is listed in the General Industrials sector of the London Stock Exchange with ticker CRU. The last closing price for Coral Products was 13.88p.
Coral Products has a 4 week average price of 13.80p and a 12 week average price of 17.76p.
The 1 year high share price is 25p while the 1 year low share price is currently 11.38p.
There are currently 82,614,865 shares in issue and the average daily traded volume is 57,512 shares. The market capitalisation of Coral Products is £11,566,081.10.
29/1/2017
08:31
valuschmalu: 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.
22/8/2016
12:50
sharw: Even today's announcement has a vague 'on or about'. The problem is that we do not know the cause of the delay - is it the auditors being awkward about the treatment of acquisitions or simply that the new CEO had a holiday already booked when appointed? The decline in share price looks like a steady drip of small sells over the weeks as people have decided that delay = bad news and given up. However, there has been no profit warning and if the forecast of EPS 2.2 D 1.0 is met we are looking at a p/e of 8.2 and yield 5.6% @18p.
09/11/2015
14:49
charo: market maker plays games.but what a tirnround in 4 years from 850k market cap share price of 4p to 13 million cap and price of 20.5p.
08/8/2015
07:57
topvest: I've had a look through the accounts. Couldn't see anything that unduly concerned me other than comments about overseas sales being very difficult. Joe Grimmond is taking virtually no salary which is commendable in this day and age. Shares have gone XD now so expect the share price to drift a little. My turnover expectations for 2016 are: Food £7m in 2015 - say £8m in 2016 Trade £6m in 2015 - say £8m in 2016 with the online business, new assets and Tatra Media £3m in 2015 - say £1m in 2016 Waste £1m in 2015 - say £2m in 2016 So £19m looks fairly comfortable at 30% GM = £6M ish Less £3-4m Admin costs PBT of £2-3m possible. Interesting! Assumes no more own goals which is a BIG ASK with their track record. Anyone seen a broker forecast?
30/6/2015
15:58
clocktower: Valhamos - The difference this time is that lessons will have been learnt from the fiasco and not only has the company secured these large orders that will impact profits within six months but with the deal that was struck for the transfer of equipment together with the sales pipeline and entrance into the health market, the company has opened the door to mega growth going forward imo. Your average now looks like the bargain of the decade and to boot you have received dividends that we all expect to flow and grow. As you said earlier, we look forward to hearing the outlook from Joe and the results will no doubt be better than most were expecting, as I presume that the providers of the new funds that paid a premium to the share price as it was when agreed, must have had confidential access to the info I expect. We might also find a few funds looking to invest once the accounts and outlook have been published and chewed over, that should in turn provide further traction to the share price by the end of July. At this rate one cannot discount any other good news any day either. Although it was a different cup of tea, if you take a look what occurred with MUL some years ago and how the share price rocketed, I expect to see something of the like here in a matter of time.
07/5/2015
07:57
charo: only 25% aim companies pay divs ,coral now in 3rd year of divs.two subs making 1.5 million approx pbt,dyr,the company is valued at less than these two stand alones.the haydock operation has been loss making for 10 years but if can be turned round,as appears to be strategy, then value upside is considerable.the downside is nil as the cost of closure of haydock is more than covered by its own assets.in meantime would hope the accounts will promise further div increase.the ebitda is very strong 1.7/1.8 and even allowing for costs of removing founding family and bad debt free cash flow will cover any likely divi . the turnround has been amazingly and quietly achieved ,eliminating media sales,6 main board directors removed,two profitable subs added,good institutions supportive ,consistently cash generative and divi paying.give them a break. the company was capitalised at less than 1 mill and share price around 4 p when jg came on scene divs paid will be around 50% of this suggest by year end.
11/4/2015
18:35
topvest: Well selling out seems to have been the right short-term call. Share price looks very weak. Will keep watching. May get back in at the right price and some evidence that they have finally turned the corner. Unfortunately, they have a very good record in disappointing investors.
19/2/2015
08:07
charo: How reassuring must they be.Profitable during period of massive disruption.JG had balls to replace ceo and production director and continue tooling and capex in spite of problems.With profits narrowly behind budget looks likely 1 million for year,broker note 1.2,before loss of media contribution. Assuming 250k in quarter interim well covered and scope for a substantial increase on full year div with little tax to pay . With no contribution yet from retail contract or new food packaging ,see interim ,I am looking for 1.5 million next year.20 p share price and on 4% yield o.8p div around 3 times cover.dyo
07/2/2015
09:32
charo: valhamos Spot on and with a new management in place at the long loss making haydock facility,turnover circa 13 million,we can only expect further progress.Worth noting jg immediately informed the market of the worst position,then having acted decisively in attacking the problem plugged the cash gap,followed by the better than expected reduction in overall loss.Transparency in action. Again when jg first took interest in coral share price was 4p and market cap was 800k.
02/2/2015
09:19
topvest: Yes, I think that most of the hard work has been done already. Media gone, freehold purchased, 2 directors moved on, 2 profitable acquisitions etc. etc. They just need to make the Haydock site profitable which looks achievable with an industry professional and deliver the contracts they have efficiently, whilst reducing costs. Hopefully the share price will improve and they can do another acquisition to complete the transformation. They do have a couple of supportive shareholders in Miton and Rights & Issues investment trust, although their patience is no doubt being tested. Presumably the loss of cash flow has tested them in the short term. One of the issues is that the VAT (£100,000) or so is not recoverable for 6+ months I suspect.
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