Coral Products Share Discussion Threads

[base7] 25/12/2020 12:04

Looking at exit next year at 15-20p & having increased at around 4.5p I may buy more next week if our share price slips back in the Twixmas malaise
Good luck all !

[baner] 24/12/2020 12:58

Who took Miton out? Smart guys no doubt ! Probably drinking excellent champagne at Miton´s expense today........or rather, those unfortunate to have handed over their savings to this firm......cheers!

[babbler] 24/12/2020 12:20

A nice 2nd sale rns next week would be lovely.

[babbler] 24/12/2020 11:58

Think this is done for today. Come back next week. Have a great one all...

[babbler] 24/12/2020 11:55

Miton have been seeing elsewhere too. And no they couldn't care less about fundamentals.

[temelco] 24/12/2020 11:51

It does make you wonder about Miton. I suppose it was such a small amount as far as they were concerned they just wanted it gone. Of course, you can never be wrong if you follow the crowd because " everyone else was doing the same". But it also makes you wonder if they even spoke to JG et al before they started selling as I'm sure for the sums involved they could have taken them out. Maybe it was a timing thing

[clocktower] 24/12/2020 11:34

Having been in the red on this one for so long but having added substantial between 4.88p and 7p todays turnaround has at last turned this once again around, as it has several times before. It seems the roller coaster is coming to the end of the line as JG looks like getting ready to sell the whole park and not just the roller coaster that we have ridden for so many years.

15p maybe even 20p in 2021 and as a shell someone might pay more once the nuts and bolts are sold.

Happy Christmas all. It`s good to have a very Blue Christmas on this rather than seeing Red.😊✔;✨✨

[aleman] 24/12/2020 10:52

£9m cash on the balance sheet plus a property worth maybe £4m and a business worth £5m+ with the RNS looking like a for sale sign for them. The shares still look to be half price.

[this_is_me] 24/12/2020 10:46

Between CRU and IKA I am having a very happy Christmas.

[clocktower] 24/12/2020 10:28

Just the early morning traders being shaken out for a few pence before the big move up next week. JG always provides long term PI`s with opportunities if you look at the timing of RNS over many years.

Well done JG

[dave4545] 24/12/2020 10:26

Thanks timbo

Yep hands up read it wrong.

Need to go to accounting school !

[timbo003] 24/12/2020 10:23

>>>Dave (RE post# 1998)

“The disposal wipes out the debt it's not free cash”

May be so, but it wipes out the debt and leaves about £5m free cash as far as I can see

The group had approximately £7.1m of net debt at the interims, but if you look at today’s announcement, the net debt/liabilities of the continuing group is just £2.9m and that is before accounting for the £7.9m proceeds from the sale (so £4.2m of that net debt is associated with the disposals)

[babbler] 24/12/2020 10:19

Falling on no trades. Guess might get a nice buy op below 10.

[shirley83] 24/12/2020 10:12

- I am pleased to report that the first half of this year has seen a return to profit. This is despite the on-going Covid-19 pandemic impact, Brexit, the China-USA trade wars, volatile currency fluctuations and variable trading conditions

[babbler] 24/12/2020 10:12

Lol aim has around 200 accounts.

[shirley83] 24/12/2020 10:11

You cannot have 2 accounts dave4545 aka dplewis

[clocktower] 24/12/2020 10:07

I know the feeling dave4545 and you have done what makes you feel comfortable, and recovered some of your losses. well done.

[babbler] 24/12/2020 10:04

That's fair enough and such a loss makes you more cynical and worried there is a con. I'm sure you will recover in time.

[babbler] 24/12/2020 10:03

Miton have sold a lot of shares this year at year lows. Makes you wonder wtf these institutions are doing. Great for bargain hunters however. Peel same. Idiots.

[dave4545] 24/12/2020 10:03

ps letmepass and shirley are the same person .

[dave4545] 24/12/2020 10:02

EEZY

I usual do :-))

Dammed if you do dammed if you do not in this game, some you get right and some you get badly wrong.

I'm probably still on the rebound from my Oct losses so anything up £2-3k out of the blue I'm going to take to try and recoup that hit.

Head still reeling from that loss

[babbler] 24/12/2020 10:02

Shareholder equity is valued at 15.36p btw

[shirley83] 24/12/2020 09:59

An excellent opportunity for a top up before the news filters

[baner] 24/12/2020 09:58

Boystown

I totally agree with your conclusion and it is also obvious that mr Grimmond is looking after the best interest of all shareholders in this! It seems likely also the remaining businesses will be sold of, as will the property - and we may in fact well end up with nearer to 20p eventually! Miton´s timing selling out was not so clever, those who took them out did so much better!

[clocktower] 24/12/2020 09:56

dave4545 do not forget that it will be very profitable as well. :-) Happy Days