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
  +0.00p +0.00% 9.75p 9.00p 10.50p 9.75p 9.75p 9.75p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 23.4 -0.5 -0.5 - 8.05

Coral Products Share Discussion Threads

Showing 1376 to 1400 of 1400 messages
Chat Pages: 56  55  54  53  52  51  50  49  48  47  46  45  Older
DateSubjectAuthorDiscuss
16/10/2018
14:39
very encouraging brokers note on plc website.
charo
16/10/2018
14:39
very encouraging brokers note on plc website.
charo
13/10/2018
21:35
The industry in general passes on polymer cost increases though some customers resist.The company needs have strength to say if competitive at x then if all competitors have same cost increase say 5% then pass on as competitive at x + 5%. You lose some but better lose business than money.
charo
13/10/2018
20:11
Thanks Aleman.
mudbath
12/10/2018
13:00
The oil price is slightly lower than when they said: Outlook The Group continues with its strategic progress of increasing focus on value-added and innovative products, particularly in the food container, recycling, telecommunications, rail industry, home delivery totes and blow moulding areas. Our focus is to build a significant plastic moulding business with a bias towards using recycled materials as per our 360-degree recycling plan. We remain confident in our ability to do so via both improved internal performances of individual subsidiaries supported by strategic acquisitions in the short to medium term. The current year will benefit from the Haydock cost reductions, investments in plant and machinery last year and new business. We look forward with confidence to further progress in the coming year. However, they will have contracts for polymer supply that might be a bit more expensive next time. Mass market totes and bins will have slim margins that might be hit by a higher polymer prices, should they come. Higher quality, intricate, higher margin car door handles are not likely to be affected. With overall gross margin of 35%, there should be some buffer. The installation of the recycling plant should increase margin and make the company less sensitive to the oil price.
aleman
12/10/2018
12:15
Will the rising price of oil impact on CRU ?
mudbath
11/10/2018
20:28
would be nice if directors put their hands in their pockets again even if it was small amounts
valuschmalu
09/10/2018
08:51
LOL - charo it was not advice you were posting -it was your considered view and nobody should ever view anything posted on these BB as advice, everybody should always do their own research. That said there are those on these boards who`s views are valued and are always worth taking into account, you being one of them in my book. Most of us find little gems from time to time but unfortunately also step into deep crevasses from time to time, as the information provided by some companies and their directors is nothing more than misleading and criminal - unlike CRU which since JG took over, the company reports and trading statements have always proved to be pretty sound but not always appealing. On the basis of the figures, I like you are forecasting, and the statements about profitability from the company, make it a judgement call bearing in mind I am already reasonably well invested in CRU though nowhere near the size holding I once had. If I were looking for a new investment, this would be one that I myself would be buying into now - that is not advice either just my view.
clocktower
09/10/2018
08:19
Clock tower I am not allowed to offer investment advice.Your call.
charo
09/10/2018
08:14
Although I am currently underwater with my investment in CRU - I am tempted to sell another profitable investment to add to that which I already have in Coral Products, based on your confidence charo. Which will be the better investment? Chasing a loser is something I have learnt not to do over the years but on several occasions that is just what I should have done in fact. Shall I or not?
clocktower
09/10/2018
06:48
RPC busted flush seeking rescue takeover.This once ovepraised group is now struggling to manage its very expensive expansion.If you want to complain about gearing look at RPC,our group are well able to fund their investments both in acquisition terms and capital investment. In looking at brokers forecast and reading chairman's recent statement the company is confident about this year to date.So with ebitda circa £3.5 million total financial operating cost say £350k and capital repayments circa £1 million we have sufficient free cash to restore div to at least 1.0p still leaving free working capital increase £1 mill plus.
charo
08/10/2018
23:34
nice discussion, both of you seem to be right in their own way. atholl pointing at the negatives, charo pointing at the positives i'm with charo though for now, mostly because the business they were in 5 years ago, has now completely been replaced by new business. most businesses would have gone bankrupt and wouldn't have had the vision to alter. had an order in last week at 9, but didn't get filled, despite going lower.fun and games looking forward to the interims indeed, which should be fine (or else we are in trouble) and to the outlook in the interims. if numbers and outlook are good, the shareprice will take care of itself, if both are bad, then also the share price will take care of itself... anything in between, not a lot of action then presumably also curious what the position on the interim dividend will be we are in microcapland
kirmich
08/10/2018
20:44
Charo,Share price was at 20p & where is it now - where it was 5 years ago. No memory loss. We now have Brexit, Corbyn & McDonnell which we didn't have when the price was 20p+.
atholl91
08/10/2018
19:10
Athol Short memory in mid 2016 share price was near mid 20s and was well on way to further growth.The failed appointment of a high flying CEO led to cost increases ,operational screw ups non recovered material cost .This resulted in a profits warning in Jan 2017 ,JG parachuted back in replaced the ceo fd and took cost cutting actions.The continuing problems throughout 2017 meant it was not until second half that all issues were squeezed out.The replacement CEO joined mid August 2017 and likely took a kitchen sink approach,anyone would.JG continued to maintain his strategy whilst new guy settled in.Investment continued to be made and I look forward to interims.
charo
08/10/2018
18:14
Charo,My interest as a shareholder is not the chairman's work ethic or that he hasn't bought or sold any shares in the past 3 years. He is the Chairman & the head of the company. Period. For the past 5 years the share price has gone nowhere, debt has ballooned with gearing over 130% to tangible NAV & you lead 180 people who live & pay tax in the UK when you have left the UK for tax reasons. And they keep going on with this underlying profit nonsense to try & puff up the share price to no avail - JG has gone past his sell by date.
atholl91
07/10/2018
11:31
Athol The example he set was to put his own money calculated around £400K at risk and delay his own well earned retirement to rescue this business which I believe he has .At 70 JG has been in work for some 53 years and in senior roles for 40 of those years.
charo
07/10/2018
10:53
The chairman was always clear he only wanted a non executive role.He drove the restructuring ,led the acquisition strategy and delivered the organic sales growth.His acknowledged failure was in recruiting a CEO,whose appointment was universally supported,but whose performance was disastrous. The company is unrecognizable from that JG inherited .Has great growth behind it with more to come.He has remained solidly behind his strategy ,not sold a share and twice come out of his retirement to put himself on the line and will judge him on the result this year.
charo
05/10/2018
16:18
Forecast EBITDA is £3.4m. Https://www.coralproducts.com/wp-content/uploads/2018/08/Broker-Statement-August-2018.1.pdf I extrapolated H2's better margins and got £3.45m but that included 2 months losses at Haydock. It's just about conceivable that H2 margins could actually be beaten in the current H1, which could then see a significant fall in debt. I can see £14.5m of EV (£6.5m debt) on £3.5m of EBITDA when we see the numbers in a few months so a multiple of 4.1 - and possibly 2.5p + 5p dividends. Later figures are common this year as some companies struggle with all the new accounting changes. Coral's figures might have been delayed by covenant issues that have now cleared.
aleman
05/10/2018
15:10
Charo,you should take into account that EV (Net Debt + Market Cap) is 15.7m so forecast Ebitda of 2.5m is 6.3x multiple.Given the yo-yo record over past 5 years clearly not a roaring buy as evidenced by the lack of buyers since the results. It took them 5 months after the year end to release the numbers for a tiny business. Good figures come out early bad figures late. Its also a forecast ebitda by brokers. You lead by example. The Chairman of the Board is a tax-exile. What example is that setting for the workforce. I said this was a single figure stock months ago & until the interims are out the jury is still out & I cannot buy these for clients.
atholl91
05/10/2018
08:53
market cap now 2.5 brokers forecast ebitda,bonkers.
charo
01/10/2018
10:31
The interims are not far away .With the AGM on 23 october the company should have 5 months management accounts completed and a flash for october the company should be able to inform market with high degree of confidence how first half has gone.
charo
01/10/2018
09:23
Good point TIS - but one has to think of the implications - i.e. there are funds etc that can only buy/hold stocks that pay dividends, and one or more of the larger holders maybe fall into that category, so on balance not worth the risk to reward, as I would rather have them aboard than selling off and watching the share price tank. Anyway, it is clear that a recovery is well underway and it is just disappointing the share price has not reacted accordingly but that could be a Brexit thing because of the motor industry contracts, and possible disruption to business.
clocktower
01/10/2018
08:42
Regarding the dividend, will those who are doubtful of the wisdom of having a final dividend be voting against it at the AGM?
this_is_me
01/10/2018
07:33
Well today`s RNS clears up the compliance issue over the bank leading covenants. The company are now just waiting for a formal waiver notice. Clearly the companies position in being in compliance since the companies last year end, shows the strength of the recovery at Haydock imo. That news on top of the dividend announcement that was made in the accounts, really does paint a different picture. Now all that is needed is a recovery in the share price
clocktower
27/9/2018
20:03
Aleman This is a minor matter and according to company but for a change in audit reporting would not have been an issue.The company has declared a dividend albeit small,cost 205k,do you imagine the bank would have allowed this if concerned.
charo
Chat Pages: 56  55  54  53  52  51  50  49  48  47  46  45  Older
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