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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Coral Products Plc | CRU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 9.85 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 9.85 | 9.85 | 9.85 | 9.85 | 9.85 |
| Industry Sector |
|---|
| GENERAL INDUSTRIALS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 04/09/2023 | Final | GBP | 0.006 | 30/11/2023 | 30/11/2023 | |
| 08/06/2022 | Interim | GBP | 0.005 | 10/11/2022 | 11/11/2022 | 16/12/2022 |
| 08/06/2022 | Final | GBP | 0.002 | 03/11/2022 | 04/11/2022 | 30/11/2022 |
| 20/04/2022 | Interim | GBP | 0.004 | 12/05/2022 | 13/05/2022 | 01/06/2022 |
| 01/06/2021 | Final | GBP | 0.01 | 11/11/2021 | 12/11/2021 | 03/12/2021 |
| 05/05/2021 | Interim | GBP | 0.005 | 13/05/2021 | 14/05/2021 | 28/05/2021 |
| Top Posts |
|---|
Posted at 11/4/2024 09:36 by clocktower With the market as it is markth126 it seems to me folks are just pulling out of all sorts of AIM stocks, even if they are well managed with honest directors like Joe G. Not many funds investing either, in fact they also seem to be pulling out in some sectors.The slightest whiff of bad news and slowly they slide but wisely people use stop losses, which of course does impact even good companies like CRU. That said, JG does seem to keep repeating the same mistakes, and hopefully the latest appointment is not another error of judgement. The new CEO buying has not proved to show good judgement either at present, as he purchase 215,000 at 13.95p so he already around £10k down, 30%. I doubt I will get back to be able to buy loads at under 5/6p again but who knows, if news gets worse. Good Luck. |
Posted at 21/3/2024 16:31 by eezymunny "EezyMunny - 07 Sep 2022 - 07:13:47 - 3139 of 3554 Coral - not the turf account - but on a good run. - CRUFor my liking they sound too keen to make acquisitions of pretty ordinary companies. A recession may be coming. Time will tell. Personally I would've sat on the cash until some bargains came along..." Such foresight :) Proper empire building nonsense IMO...nearly always ends the same way. |
Posted at 13/2/2024 16:50 by clocktower Confidence and volumes slipping in the whole UK stock market it seems. There are so many world wide issues at the moment that upset what was good businesses.CRU could turn to making the cases for cheap drones that are designed for war zones, and find another company to provide the power and electronics plus assemble, as demand is only likely to exceed supply for some time. |
Posted at 01/2/2024 21:32 by clocktower You wish base7, I guess he just wanted to suggest he was up to the job and waited a bit not to have bought in near the recent lows.He has already announced no dividend, and I guess if he was as good as you are all hoping for, he would have not needed to make cuts but instead showed he could deliver. I suggest you will think that if he was in a year time, to be able to reinstate a little dividend you would be jumping for joy, as though he would have won you the lottery. I suggest you brace yourself for more bad news and lots of excuses. This time, I doubt if JG will be able to jump back in, if he fails, like the last guy he handed the reins to. So, which unit will be sold off first, will it be the most profitable, to ensure it generates the most money and so it looks like a great deal. |
Posted at 27/1/2024 09:22 by valuschmalu Lets revisit my October 23 post. I've added new comments in CAPS-pace of acquisitions in 2022 raises eyebrows. It may be that these are 'deals of the century' but the counterargument is they got overexcited (again) by being cash rich and spent it too quickly. The prior M&A record is not 100% perfect and I would rather 1-2 a year rather than 4 or so in short order then silence EXPECT SILENCE FOR A WHILE ON THE BUYING FRONT -the buy and build strategy only works if you buy at a significantly lower multiple to where you are trading. So CRU needs to be trading at 8x EBITDA and buying at 4-6x. SEE ABOVE -The way to getting to 8x (+) is to generate steadily growing EBITDA over time with minimum volatility. Yes COVID etc hasn't helped but CRU is synonymous with earnings volatility. What it needs to do now is beat last year's EBITDA level and do it again next year etc. The recent trading update will (fairly or unfairly) make a lot of people think 'here we go again' HERE WE GO AGAIN -Given the above comment about earnings vol, debt is too high at 2x. They need to get it down to 1 to 1.5x. For a stronger more consistent company, 2x leverage is fine but we are not there yet with CRU. We are also in a higher rate environment and what was acceptable leverage last year is no longer the case HENCE DIVIDEND CANCELLED -The easy way to get leverage down is not to overdistribute via dividends and buybacks. Unfortunately to cut the dividend would smash the share price so I don't think that's the way forward. Deleveraging will have to be done the hard and slow way via earnings retention. That also links into the above comment on M&A. I struggle to see at 2x leverage how they can safely do any more M&A in the short term. The big 'unless' here is unless they sell a subsidiary. Global One-Pak may be an option? I know JG rates it but there has been a lot of earnings vol from this company since acquisition THIS IS THE POTENTIAL SILVER LINING FROM THIS LATEST DISASTER IN THAT IT WILL ALLOW THE NEW CEO TO RESET THE DIVIDEND POLICY TO SOMETHING THAT IS COMPATIBLE WITH A BUY AND BUILD STRATEGY. HE SHOULD ALSO LOOK AT DIVESTMENTS WHERE THERE ISNT MUCH REMAINING UPSIDE LEFT -They should appoint a CEO as soon as possible. I expect it will be one of the recently appointed directors but I doubt institutional investors love a 70+ year old being exec chairman (and not having a CEO)TICK (HOORAH) |
Posted at 26/1/2024 14:10 by base7 Explains why Lance hasn’t bought any shares ,as yet ,or awarded any shares .He seems to have total authority as CEO & I would obviously have preferred an ‘everything in our garden is rosy’ statement but as ever with CRU ,it has never failed to disappoint over the years & hopefully taking a blunt & pragmatic aporoach will stand us in good faith .Hopefullu my grandchildren will benefit -one day |
Posted at 11/12/2023 11:00 by base7 Solid enough results & we all know that low margin revenue is vanity & higher margin revenue is sanity-as is investing in new equipment to ensure we can provide the best products to our diverse customer base.I was fortunate enough to buy part of my holding @ the 5p low but generally I have never thought of cru as a prospective multibagger-my hope being that we achieve revenue targets,continue paying a good dividend,make occasional shrewd accretive acquisitions - & 1 day we may be acquired for a modest premium.I have plenty of shares with multibag potential & they often disappoint. |
Posted at 07/11/2023 09:56 by clocktower Your very gloomy charo.While JG may have decided to conserve cash, rather than continue with the share buyback, I cannot see him cutting the dividend, as that would for the second time he has messed up. Therefor I still think the shares are to cheap based on the dividend return. Do you think the dividend is at risk? |
Posted at 11/10/2023 17:23 by base7 I agree that V posted some excellent comments.However my view is that a fair number of PIs will have bought at 5p & continue holding & only a few paid 23/25p & they , I suspect are long gone.As I have said previously, Cru is not a blue sky tech/bio.crypto type stock which could multibag ( eg ARB before its fall from grace & many others).I also appreciate the headwinds in the economy in addition to the anti plastic lobby.Hopefully the relatively new CRU Group is diverse enough to continue generating cash & paying dividends & will consolidate its position as a small company & at some point, JG will want his exit & with view to his advancing years that could be sooner rather than later. Cru has had a rocky past & there remains the possibility that those days will return 7 ,as we all know, that is the risk of investing in any equities. |
Posted at 07/10/2023 09:43 by valuschmalu My uninvited thoughts on where we are now with CRU (all IMHO):-pace of acquisitions in 2022 raises eyebrows. It may be that these are 'deals of the century' but the counterargument is they got overexcited (again) by being cash rich and spent it too quickly. The prior M&A record is not 100% perfect and I would rather 1-2 a year rather than 4 or so in short order then silence -the buy and build strategy only works if you buy at a significantly lower multiple to where you are trading. So CRU needs to be trading at 8x EBITDA and buying at 4-6x. -The way to getting to 8x (+) is to generate steadily growing EBITDA over time with minimum volatility. Yes COVID etc hasn't helped but CRU is synonymous with earnings volatility. What it needs to do now is beat last year's EBITDA level and do it again next year etc. The recent trading update will (fairly or unfairly) make a lot of people think 'here we go again' -Given the above comment about earnings vol, debt is too high at 2x. They need to get it down to 1 to 1.5x. For a stronger more consistent company, 2x leverage is fine but we are not there yet with CRU. We are also in a higher rate environment and what was acceptable leverage last year is no longer the case -The easy way to get leverage down is not to overdistribute via dividends and buybacks. Unfortunately to cut the dividend would smash the share price so I don't think that's the way forward. Deleveraging will have to be done the hard and slow way via earnings retention. That also links into the above comment on M&A. I struggle to see at 2x leverage how they can safely do any more M&A in the short term. The big 'unless' here is unless they sell a subsidiary. Global One-Pak may be an option? I know JG rates it but there has been a lot of earnings vol from this company since acquisition -They should appoint a CEO as soon as possible. I expect it will be one of the recently appointed directors but I doubt institutional investors love a 70+ year old being exec chairman (and not having a CEO) |
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