Coral Products Share Discussion Threads

[aleman] 05/3/2021 17:51

Well, I know the Chairman likes his dividends as he told me that personally at an AGM and the track record backs it up. If he does make more acquisitions, I expect the extra profit acquired (above the £1m+ we look set to make currently) could lead to some bumper dividends. I see potential for £2m pretax with some modest acquisitions, though this industry does seem to see profit fly up and down so it might not be a sustainable £2m. Given the lack of debt, they might be able to afford over 1p dividend on that basis while still reinvesting and building the balance sheet. That's not a prediction, though. We all thought the business was being cashed up for the Chairman to retire so I'm now scratching my head over strategy. Maybe there is someone in the new acquisition that he is confident can run the show and J.G. is happy to sidle into retirement and take dividends. Maybe he has somebody else lined up for CEO and Chairman from outside. I'm tempted to ring up and ask about strategy, though calls to directors of other companies in the past has seen them tell me absolutely nowt.

[markth126] 05/3/2021 17:40

MoveForward apologies

[markth126] 05/3/2021 17:40

A tiddler with firepower and sound base to more forward. Jg knows what he is doing in this arena and will create further shareholder value in my view.

[clocktower] 05/3/2021 17:33

It is not only most posters and long term investors that are positive, it seems the MM are confident enough to have taken on board over 300k shares at 10.5p earlier this morning.

Have a good weekend all.

[clocktower] 05/3/2021 17:33

It is not only most posters and long term investors that are positive, it seems the MM are confident enough to have taken on board over 300k shares at 10.5p earlier this morning.

Have a good weekend all.

[valuschmalu] 05/3/2021 17:32

Amending Bishan's suggestion: Joe's plastic tat emporium

Actually in all seriousness, customised plastic solutions might be a winner. Everything is about solutions these days

[charo] 05/3/2021 17:27

A tiddler with sales profits and cash unlike 50% of aim stocks.

[zoolook] 05/3/2021 17:23

Really is a tiddler that doesn’t justify the expense of a listing. Given the latest acquisition hot on the heels of the disposals suggests they are going to spend the money on acquisitions rather than return some to shareholders or wind up. Any views on the intent of the Board?

[temelco] 05/3/2021 12:04

( falling about laughing)

[charo] 05/3/2021 11:21

More like "little joe's"

[clocktower] 05/3/2021 11:20

LOL bb - Now that the company has moved to Manchester, would it not be wise to move GOP from Cheshire so that all three businesses are located closer together.

[clocktower] 05/3/2021 10:46

zoolook, earlier this week valuschmalu had suggested the company was renamed -

Global Onepack but it would be interesting to hear what others think might be a catchy name that might attract customer and investor attention.

Personally my choice would be Corals Customised Plastics PLC but I would just name it - CCPLc

[zoolook] 05/3/2021 09:31

Presumably the company will change its name now it’s disposed of Coral Products?

[temelco] 05/3/2021 08:24

Look at Charo's last post. I'd say very cheap

[gelp] 05/3/2021 08:11

Is this share cheap or very cheap?

[markth126] 04/3/2021 13:53

Me too, I have added a few over the last couple days where funds have allowed. Just surprised to get them at the price though. Very undervalued still but not being noticed for some reason?

[clocktower] 04/3/2021 12:56

At least it seems that the majority of long-term holders (investors) from this thread have not tossed the towel in, and have the wisdom to see the value, as to date there has been so little selling but I am bewildered that there has not been more buying yet.

[clocktower] 04/3/2021 08:55

I think you’re undervaluing the property charo.

[charo] 04/3/2021 08:49

Cash and property equates 10p rent and profits £1.5 million zilch.
Madness.

[charo] 04/3/2021 08:48

Cash and property equates 10p rent and profits £1.5 million zilch.
Madness.

[markth126] 04/3/2021 08:07

Well said Charo which I can only agree with. Been here a long time and board have turned the business around, diversifying away from loss making and shrinking businesses by acquiring complementary value adding businesses adding shareholder value. Still way undervalued in my view. Let's see how the plan unfolds

[charo] 04/3/2021 07:55

Every acquisition has been successful. The drag on group has always been the perrenial loss making moulding operations now sold.

[clocktower] 03/3/2021 22:02

That valuschmatu is because JG purchased CPL £700k of assets and profit that should exceed £250k in year one, on the cheap being £1.25m

Look at it like this:

Investment £1.25.

- Asset £700k = £525k for a year one profit of £250k plus 70% of anything
exceeding the £250k

So to provide them with value as the share price rises (once everyone wakes up) their shares will be worth an extra 9p each adding over £270k to what value they really are likely to receive, with further growth if they want to hang on to the shares plus dividends.

[valuschmalu] 03/3/2021 21:26

Still not seeing this acquisition as massively compelling.

Looks like average turnover was around £3.3m from 2015-2019 (ranging from £3 to £3.6m) with profit after tax ranging from -£83k to £181k. Big drop in revenue in 2020 which is not surprising but net assets ended 2019 at £0.6m which suggests a £150k profit in 2020 but its odd they didnt mention the profit figure in the RNS. Ultimately, would rather have had a big special dividend of all the cash on the balance sheet thanks and they could borrow to make acquisitions like this. I go back to my earlier post that the market will be suspicious that they have other acquisitions like this lined up. Of course, I might be missing something obvious like synergies with Tatra Rotalac but again no mention of that in the RNS.

Continuing my whinge, I'm miffed they have issued shares to partially fund the acquisition when the whole world and his dog knows CRU is seriously undervalued.

Whinge over.