Coral Products Share Discussion Threads

[temelco] 05/1/2021 11:42

what are the two remaining businesses worth individually?

[clocktower] 05/1/2021 11:15

Clearly a huge buyer but how much they will pay to pick up all the stock they clearly must want is what is going to be interesting.

Maybe an offer is coming for the whole show. 20p ?

[markth126] 05/1/2021 10:50

Guessing a large buy order must be in as can sell up to 500000 at 9.76. Not that I want to.

[clocktower] 04/1/2021 13:27

Until more news is posted, I can only imagine that any rise will be very gradual as it heads towards 15p but with more good news it could zip up towards 20p as stock becomes hard for the MM to find.

[this_is_me] 04/1/2021 12:31

Over 10p paid.

[clocktower] 29/12/2020 09:22

I think you read it incorrectly Babbler - I was suggesting that if by chance one were to see a drop to 9p you might see the likes of dave4545 coming back in to pick up some of what he sold for anther quick turn.

Clearly he is still interested to have popped back in and once again jumping to conclusions.

[babbler] 29/12/2020 09:11

If it drops to 1p I'm selling the car to put 1k in here.

[clocktower] 29/12/2020 09:03

Others like myself waiting to see if I can pick up some even lower down because of the bored and early profit takers. You might also see the likes of dave4545 coming back in if the share price drops 1p.

[babbler] 29/12/2020 08:56

And sellers. Bored people selling already. Guess the wait is on for next rns.

[clocktower] 29/12/2020 08:38

Well we are seeing a good number of two way trades already this morning, and the volumes starting to build which is another result of last weeks RNS.

[babbler] 29/12/2020 07:55

This ain't the prom board....

[clocktower] 29/12/2020 07:39

I am surprised to see so many posts over the holiday, as normally it would be unusual to see that number in a week.
Strange times in many ways but I guess some will be pleased to return to the debates etc that take place on these BB.

Still the consensus seems to be a strong buy and hold towards 20p

[base7] 27/12/2020 20:06

I remember PRIM when known as CSS Stellar & fortunately I managed to avoid losses then by not buying .Having taken advantage of festive time & a brief review I can see that PRIM seems to have more upside now than at any other time over the last 20 years

[skyship] 27/12/2020 17:31

base7 - I already have PRIM as a potential shell play, with remarkably similar characteristics (see thread); but no harm in spreading the spec cash across the two of them...

[base7] 27/12/2020 17:00

Either way I stand by 15-20p with a possible premium if a company can be found to reverse into CRU & use it as a vehicle.If capital is returned to shareholders ,which seems most likely ,retaining shares in a ‘new ‘ company could be an exciting option ,depending on how much cash is returned & therefore the effective ‘cost ‘ of retaining an investment in CRU.All speculation for now but more should be revealed next year & for the first time in years CRU has become an interesting investment with the potential for a decent outcome from our investment here

[arthur_lame_stocks] 27/12/2020 16:15

Well even if we assume the book value is the market value that would still leave the shares trading at about net cash and at a discount to net current assets and net tangible assets with two businesses left to sell.

I don't think it's worth getting too hung up on the property as the value argument does not rest on its value.

[charo] 27/12/2020 15:30

Let's just believe mr grimmond knows what he is doing.

[skyship] 27/12/2020 13:56

Valuschmalu – no need to get tied down on the detail of one part of the CRU value; however, as one who spends most of my investment time in the property sector I can assure you that investment valuations are based on many factors, but aside from peripheral development potential, valuations are based on Geography & Yield.

There are scores of examples I could give you of yields in double figures, but will give you just this one – an 11.52% yield for a far better property let to a blue-chip tenant:

If a buyer can be found at that level, then the valuation would be £2.7m - not surprisingly c.book value

[valuschmalu] 27/12/2020 13:03

I see this as high teens min. Property covenant is much improved following the acquisition plus I'm pretty sure it was built in late 90s so I see this as more like £4m+. There is c£4m net cash on balance sheet and value of remaining companies including working capital is c£7m+. Add that all up and you get to high teens share price on sum of parts basis. I expect the share price to trade up to that level but pace will be dictated by how quickly Miton need to sell their remaining holding. Could move much more quickly if it gets tipped by IC or something similar. These are the kinds of situations Simon Thompson likes to tip

[base7] 26/12/2020 16:25

Should be no shortage of takers for a commercial property with 10-12% yield in 10 year lease (with 5 year break) & Haydock will be surplus to requirement once this disposal is signed off-unless JG wants to turn us into a slow burning commercial property company -which he doesn’t as he is ,as I have expected for some time ,trying to exit giving him (& therefore us ) the best possible outcome .Realisable assets 15-20p + the value of Cru as a quoted Aim shell

[skyship] 26/12/2020 14:32

An interesting situation; but don't set too much store on any excess value over the £2.5m valuation for the property. Even if a buyer can be found, the tenant covenant and the tertiary state is unlikely to deliver better than an 11% yield, ie c£2.7m tops.

[arthur_lame_stocks] 25/12/2020 17:48

I bought a few of these yesterday on that news. I'm also looking for 15-20p next year. I think it's a fair bet that JG is looking for a complete exit and will sell the property and the two remaining business which both have value.

Now trading at a significant discount to TNAV and a discount to net current assets and at around the level of net cash (all on a proforma basis).

I believe it is going to be hard to lose money at 9p.

[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!