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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
|
|
|---|---|---|---|---|
| -0.25 | -3.70% | 6.50 | 12:10:24 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.75 | 6.50 | 6.75 | 6.50 | 6.75 |
| Industry Sector |
|---|
| GENERAL INDUSTRIALS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 17/09/2024 | Final | GBP | 0.0025 | 12/12/2024 | 13/12/2024 | 17/01/2025 |
| 11/06/2024 | Interim | GBP | 0.0025 | 25/07/2024 | 26/07/2024 | 23/08/2024 |
| 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 07/1/2025 15:14 by charo And a divi.Cheers old man. |
Posted at 23/10/2024 15:47 by clocktower I suspect they gave a more upbeat talk today to those present and they have been the buyers today.I agree with you EC. Paying a dividend when you have had to sell off property to lower a huge debt that is still outstanding, with business confidence falling is crazy but Joe wanted his dividend. Along with a forecast loss for the year. |
Posted at 23/10/2024 15:40 by effortless cool A risky choice to pay that dividend with a very weak balance sheet that is only going to get worse over the course of 2025.I would go so far as to say it is irresponsible. |
Posted at 14/10/2024 13:53 by clocktower base7 why would they buy now, there is no upside until next year at the soonest if at all.Not only that they would wait until they raised funds. Joe might not be keen, due to his age. After all he said he wanted a dividend in one of the presentations, which was another mistake paying it out. That will be cut out again I expect. |
Posted at 14/10/2024 11:50 by base7 Massive volume today ,relatively ,& an ideal opportunity for Directors to demonstrate their support ,or otherwise ,for CRU |
Posted at 14/10/2024 06:14 by clocktower Another mistake by Joe I regret to say but it seems he doesn’t learn from past mistakes.Since this guy has arrived the share price has plummeted, sales have fallen short, and losses are coming, as per RNS. £3 million invested and he has got to wait until the economy improves he says. Placing the blame everywhere except on himself. Debt is bound to rise and unless there is new management quickly, I envisage that the end of CRU is in sight within a couple of years at most. DYOR |
Posted at 03/10/2024 10:16 by clocktower Paying a dividend when in debt does nothing for the sp, as can be seen from the decline since it was restored.JG saved this businesss twice, though I was no fan of him "Splashing the Cash" he clearly took one or two steps to far. I am not sure giving a free hand to the new boy on the block would do any good, unless he was to do what JG did years ago - put his hand deep into his pocket and buy shares in the market, not during a discounted placing which many do, as they then tend to put their own interest above PI's. JG always had skin in the game and on the same terms as hios supporting shareholders. Maybe if JG were to step in it would be third time lucky, I mean he is only 76/77😉 4/5p again and I am back in with JG at the helm. |
Posted at 28/9/2024 09:43 by valuschmalu Revisiting my post from earlier in the year (3544), my fears over the quality of recent acquisitions ('dash to splash the cash') have been partially confirmed with the recent writedown. I hope LB is allowed to get on with managing the company as he sees fit without interference from JG who may think he is entitled to meddle with his large shareholding. That includes selling any subsidiary he feels doesnt fit with his strategy (and not just getting rid of unprofitable business).I would get rid of the Director responsible for M&A. The company is too small to have one, the track record is 'mixed' and I dont see the balance sheet being able to handle another acquisition anytime soon especially with a distressed share price and high net debt ratio. I would also hold the line with the 0.5p annual dividend. 1p+ was too high given earnings vol history with this company. If we make surplus profits, these should be distributed via a special dividend. The focus should be getting net debt down to a sensible range for a capex heavy company such as this eg 2x rather than the current 3(+) x. |
Posted at 13/6/2024 07:23 by clocktower base7 and others all the last RNS said was "It is our intention to reinstate an interim FY24 dividend of 0.25 pence to shareholders on the register at the close of business on 26 July 2024 and to be paid on 23 August 2024."Note an "intention" is not a "certainty". Remember "the Board has agreed to suspend the FY24 interim dividend previously announced on 11 December 2023." So they had previous said they would pay a interim dividend, they suspended it all the same but to be fair they did say the hoped to pay a full year dividend. However their intentions and their actions are now to be questioned, as they should have said - we will be pay a dividend of 0.25p instead all they said is they "intend" to pay. Things changed before and may do so again, so do not assume things they have not said. |
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) |
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