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% 10.50p 10.00p 11.00p 10.50p 10.15p 10.50p 24,450 14:00:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 21.4 0.5 0.6 19.1 8.67

Coral Products Share Discussion Threads

Showing 1326 to 1350 of 1350 messages
Chat Pages: 54  53  52  51  50  49  48  47  46  45  44  43  Older
DateSubjectAuthorDiscuss
08/8/2018
17:52
fozzie, They are giving switched on long term investors the chance to follow the director buys the chance to top-up or re-invest before the pump and dump herd use any figures to bounce it for a day or two just to turn a quick buck. MW cannot have spelt it out any more clearly to those that know the business and the company imo, without breaking any market rules. Haydock is working!!! Confirmation of repeating large orders!
clocktower
08/8/2018
17:46
Thanks charo and the Link Aleman. Sounds extremely positive. It really seems that MW is the right person running the company. I was surprised to hear about the volume of local councils that the company is already dealing with, and clearly they have put a package together that will attract even larger councils to place rolling orders. It is also nice that we have a costing for the new equipment that they company have already committed for the machine, that should be rolling in just a few months now.
clocktower
08/8/2018
16:52
Yes, it is. Thanks for pointing it out. Http://www.plasticsnewseurope.com/article/20180808/PNE/180809913/uks-coral-products-investing-in-propylene-recycling#tagID_1030
aleman
08/8/2018
16:15
Interesting article in plasticnewseurope.com on coral
charo
08/8/2018
10:26
I still do not understand why they cannot put some monetary values against these increased sales. Until they do that there will be no uplift in share price surely they realise this.
fozzie
08/8/2018
10:23
Maybe topvest has seen the light and bought in today.:-)
clocktower
08/8/2018
07:31
Today`s RNS really spells out that Haydock is working, and Mike Wood knows how to get the job done. Well done MW and the team.
clocktower
07/8/2018
11:45
As said reconcile profit with depreciation and interest all ties up. Coral have had very high depreciation which has cushioned cash effect of losses. Allowing for capital repayments and further deposits on plant say 1.4 million and dividend of 0.7p( very mean imo)still leaves free free cash 1.4 million.They don't need this for working cap so easily increase div back to 1p.
charo
07/8/2018
10:04
I've heard back and the £3.4m figure is correct. £2.4m was a writing-up typing error but they are not sure how it got out and will look into it. I asked about the strong rebound and he said, "Well, they had a lot of problems last year and they're just getting back to where they should be."
aleman
06/8/2018
12:47
Look forward to hearing the response Aleman. Thanks all very interesting discussion.
clocktower
06/8/2018
12:22
Nobody available to answer my query today. DS to ring me back tomorrow.
aleman
05/8/2018
22:58
1.8 pbt add depreciation 1.25 add interest 350k ebitda 3.4 circa.
charo
05/8/2018
22:47
Go to coral products plc website brokers note clear 1.8 pbt and 3.4 ebitda for year to April 2019
charo
05/8/2018
21:35
There seems to be a mistake somewhere. I won't complain if £2.4m is wrong! £3.4m seems unlikely to me. EBITDA forecast of £3.4m Https://www.coralproducts.com/wp-content/uploads/2018/08/Broker-Statement-August-2018.1.pdf EBITDA forecast of £2.4m Https://www.coralproducts.com/wp-content/uploads/2018/08/Brokers-Note-August-1st-2018.pdf I have not noticed any other differences. It is just about conceivable that underlying EBITDA is £2.4m and £1m extra is released from working capital changes in a reversal of recent factors that held actual EBITDA back in the current year - but I doubt it. I think a phone call might be in order to get the two differing forecasts explained.
aleman
05/8/2018
13:42
Aleman The forecast ebitda for year to april 2019 is 3.4 million.The acquisitions made have been great earners but the failure to turn round haydock has hurt performance. Since JG took control in jan 2015 he has had to deal with the cash cost 400k of removing family directors followed by the insolvency of the groups biggest customer.JG funded the shortfall from his own resources.He spent a year stabilising and rebuilding finances then stepped back in 2016 appointing an industry high flier as ceo. As often happens the high flier crashed.JG stepped back in replacing CEO and group FD and again stabilised the group as part time executive chairman. Having set things back on course,he appointed another higly regarded industry executive as CEO.The expected sink provisions followed. No panic, no histrionics just head down .Throughout the company has continued to invest in resources.No director or senior manager has sold any shares ,indeed there has been buying. The forecast for year to april 2019 id for PBT of 1.8 million and it will be a great credit to the team if achieved.
charo
05/8/2018
11:22
That's a simplistic view, topvest, but it does have some truth in it, too. I think it's how you choose to interpret and it very much depends on whether the trading update's reflections on current trading carry through into cash generation. Since 2014, the company has increased debt by roughly the amount of acquisitions. That is the main reason debt has risen. Since, 2015 cashflow which might have paid for dividends or paid down most of that debt has been diverted into a £1.7m+ increase in inventories and capex exceeding depreciation by a similar amount. Call it £3.5m. Will that investment pay off? The DS forecast says yes. Underlying EBITDA was £1.26m in 2014 and £1.023m in 2015. This year is forecasted at £2.0m (though exceptionals and stock build knock it back to £1.2m). Next year's is predicted at £2.4m - more than double the 2014/2015 average! The question is whether you believe DS that money spent on acqisitions, capex and stock increases lift cashflow at the operating level. Turnover has been growing and now we are told it is up again month on month. Key is margins. Exceptionals from all the investment and changes hit this year's numbers. Operating margins in 2016 and and 2017 were good, though. If 2019 margins return to similar levels,as predicted, the investment will have been well worthwhile and the debt will be mincemeat. The new recycling plant could even add a bit more. This reads like investment that is paying off to me. But we do need to see those better margins come through. Turnover and high capex on its own gets us nowhere. The trading update says it is happening and profitability since 2015 has doubled after some major growth. Don't you believe it? I do. The share price, however, indicates you are not alone. It is lower than when underlying EBITDA was barely above £1m. If it had risen in line, it would be more like 30p. Maybe that's why there has been so much director buying. They seem to believe it, though directors get it wrong often enough. Anyway, I topped up.
aleman
04/8/2018
17:38
The trouble with Coral is that any new contract seems to incur more capital expenditure. Overall it’s a pretty low quality and marginal business. Possibly some upside at 10p, but not tempted back.
topvest
03/8/2018
18:20
The EBITDA numbers sound about right for me when you consider exceptionals and stock-build held 2018 back in a big way, and then we get higher turnover and margins in 2019, but I don't know what the debt figure refers to. Maybe they are only showing the long term debt and expect low capex for H2 so more cashflow goes to paying that down while the £4m of short term debt is carried over unmentioned?
aleman
03/8/2018
10:19
Pbt nil plus depreciation and interest 1.2 million circa so ebitda about right for 2018,maybe a bit conservative on eps for 2019 but not overstated.Take 1.2 for 2018 add 1.8 plus Inc deprec and interest so 3.2 circa again about right.
charo
02/8/2018
22:41
is it me or does the DS note have several material errors? EBITDA for 2018 should be around £2.2m not £1.2mn? PBT next year must be lower than £1.8m is EPS is 1.5p and net debt is £7m?
valuschmalu
02/8/2018
16:28
Yes I spotted that as well Aleman. A positive sign, and although they said break-even, I would not be surprised to see the final figures are just a fraction better than break-even bearing in mind that the last months of the year have been profitable.
clocktower
02/8/2018
15:46
Notice that Daniel Stewart indicate full year results will be in August this year.
aleman
02/8/2018
12:24
A return of dividend at 0.7p is pretty impressive. Https://www.coralproducts.com/wp-content/uploads/2018/08/Brokers-Note-August-1st-2018.pdf
aleman
02/8/2018
12:23
Thanks for pointing it out charo - great figures forecast. once the market recovers from its current trend,and the seller that has been dumping 100k lots is out of the way, we should see this back up nicely.
clocktower
02/8/2018
12:20
Thanks for that Charo
fozzie
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