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% 9.375p 9.00p 9.75p 9.375p 9.375p 9.375p 11,762 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 21.4 0.5 0.6 17.0 7.75

Coral Products Share Discussion Threads

Showing 1201 to 1222 of 1225 messages
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
DateSubjectAuthorDiscuss
17/1/2018
12:22
Goods Luck Aleman, and looking at todays trades so far on L2, I expect we might see another small tick up with other investors following in your footsteps, looking towards a rosier future and a return to a much higher share price
clocktower
17/1/2018
12:02
I've taken an initial stake. Despite all sorts of disruption - installing equipment, new software, recruiting, trial runs for auto quality checks - pre-working cap cashflow was still about £1m in H1. Peel back all the exceptionals and it's still a profitable business that says is it gaining orders and improving margins. I assume less disruption will see profit bounce back next year. I don't intend to take a more normal stake until things become clearer, though.
aleman
16/1/2018
17:08
Thank you charo, this only goes to show how bad Haydock is, and maybe based on the figures you have posted, why you think the company will only just (if lucky) break-even bearing in mind the H1 stated loss is only £7k. What are the losses that are going to absorb the profits from the other entities in H2, thats if they are not suffering from reductions as well. Turnover growth is vanity - profit is sanity and that does not seem to be the case with JG`s actions of late with ICM Ltd being integrated. Where are all the profits from this totes and bread trays? How many Vans do Renault and Vauxhall produce each week and how many handles on each vehicle are there? Sales are falling in the motor trade - not a good place to be imo at the moment.
clocktower
16/1/2018
16:27
Tantra 550k interpack 948k global 793k (16 months)all pbt to Apr 2017 give credit where due.Haydock was a dead loss and dying .It is still loss making but growing .Maybe time running out but surely worth some effort. DYOR
charo
16/1/2018
16:24
Well i am staying put and have even added a few to the pot. Noises from within are positive on the sales front. I emailed JG last week and voiced my concerns, he took it squarely on the chin and is resolved to putting it right. I would be more worried if sales and margins were falling. Good management can sort the rest imo, looks a good appointment of a very experienced plastics man, lets see what he can do.
fozzie
16/1/2018
16:12
Gentlemen it is easy to find go to beta service (free) and search for tatra,interpavk and global ad I did you will be greatly reassured but read properly see profits in notes not just on face of accounts .obviously only year end.
charo
16/1/2018
16:04
The sales show a projected increase of around 2.5 mill per year.This supported the increase in investment and 300k of depreciation and finance. Presumably this is expected to make return in future periods,they have in past. The stocks at period end of auto product around 2 months sales,maybe bit high but knowing auto business they demand you keep base stock preventing production run outs and they do refer to some stockbuilding as engineered plastics were being rationed by suppliers . Add back 400k plus if new CEO not quite kitchen sink provisions and actually looks reasonable.
charo
16/1/2018
15:53
ct: Thanks - Then (imo) the accounts are virtually WORTHLESS as a guide as to where the business is going and as data on which to base a potential investment.
pugugly
16/1/2018
15:37
Agreed re the above posts - Would also add that as no segmentation by trading units or magins at each unit impossible to tell the impact of competition. The statement that " Interpack Ltd. Interpack's sales and margins have been negatively affected by the emergence of stiff competition from new low-cost entrants into the market" Gives (imo) no idication of the hit and potential future hit to the group. Has anyone seen any research that breaks down revenue and margins by trading unit ?
pugugly
16/1/2018
15:32
oldvic - At least people pay at the gate to watch them. Administrative expenses before separately disclosed items up from £2,0490.00 to £3,1200.00 in the period - outrageous!! Who`s been drawing so much money? The difference alone would account for the loss between periods. Has there been big salaries drawn, or bonus payments made that should not have?
clocktower
16/1/2018
15:12
"Gained new business from Renault and Vauxhall for Van Door Handles, delivery of which began in November 2017." Van door handles - how many door handles do you get for £425k ? Madness.
clocktower
16/1/2018
15:11
Clock tower All acquisitions reported as stand alone Tantra rotakac interpack global one pack substantially profitable.Haydock sales well ahead with 75 NEW components introduced.These are all the ICM related business together with related start up costs ,shame not given level of business but substantial. So haydock previously had sales of 12 million ish 80% media now no media and growing ,with pains. Think acquisitions been saviour and no doubt new CEO has used interim as clean up opportunity. Expected worse frankly.
charo
16/1/2018
14:57
Well, there are the accounts, just had a quick scan and I do not like what I see, and more worrying is the following Statement from within the accounts. "The Group had undrawn bank facilities of £1.7 million which, together with its asset based finance lines at 31 October 2017, enable it to invest internally or in further acquisitions and businesses for growth which will then enable better returns for our shareholders." What on earth is JG thinking about further acquisitions when he has failed to sort out Haydock and ICM in particular. Is he just trying to fill the site with machines? Come on JG - get the business back on the road before you have any more grand ideas like ICM Ltd. The other trouble is: "We had automotive stock at the period end of £452k." which could lead to more write-offs further down the road.
clocktower
16/1/2018
14:14
clocktower: Your 674 could well make sense - in particular after the recent trading update and debt levels. Will just have to wait and see.
pugugly
16/1/2018
08:12
topvest - I said "could be" the jewel in the crown. The questions one has to ask is why are the accounts not ready or or being fully disclosed, bearing in mind they are over a month later than normal. Could I suggest that the house brokers maybe working the stock back up a little because the company and its various advisers have prepared a funding at a discount, that they will only want to disclose in the finial H1 accounts - with a statement that suggests that post accounts they have raised "xyz" which will put the company in a strong position going forward, or some sort of statement to that effect. I can see no other reason for the type of delay in view of what JG has already disclosed. Anyone else with ideas about the delay?
clocktower
15/1/2018
21:18
Haydock is definitely NOT the jewel in the crown. Would have thought that is pretty obvious by now. It's been loss making for a decade or more!
topvest
15/1/2018
13:55
While I would not discount what you say about the stock issues Pugugly, I think the need for skilled staff is required at the units that are busy and producing profits. I expect the problems are with old stock at Haydock, as I guess they had the spare space that just allowed for stock to sit there before they bought the machines and installed them from ICM Ltd and maybe due to the effects from buying of Tambour Shutter Systems. However, the real concern imo is that they will look to raise funds from stakeholders to clear debt but that might give a big buying opportunity as well, as it could then turn this around rapidly. This would also make the banks happy.
clocktower
15/1/2018
13:55
double post.
clocktower
15/1/2018
13:12
clocktower: Very true - I am likewise suprised at share price increase - Weekend digging did not unfortunately throw up much in the way of facts as to named customers and products supplied - Save for baking trays and plastic containers (look like ice cream tubs and lagre paint containers) After crunching numbers however still think a good chance these boys need extra funds - also from one of their sites (forget which one) looking for skilled staff - Could that be an indicator that part of the reason for the write down of stock was due to a quality problem ? or just stock control failures and now obsolete ?
pugugly
15/1/2018
12:55
PUGUGLY, Maybe CAR are suffering because CRU is taking business from them, hence their customers have not increased or confirmed orders. It could be that the new machines are set to take business from them and other companies. Haydock could become the jewel in the crown if JG were able to get these big orders. I am surprised that the share price has recovered a little this morning but it could be that some of those that had inside knowledge and sold off well before the news came out, have today been buying back in.
clocktower
15/1/2018
09:01
Here we go again. What a pile of rubbish this company is...so glad I got out. Haydock always seems to be the problem and needs closing.
topvest
15/1/2018
08:07
It would not surprise me if CRU was now to raise funds to pay off some of the debt. Could they raise it at around 6p a share?
clocktower
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