Coral Products Share Discussion Threads

[temelco] 08/4/2021 10:39

Also CT did you notice that Gyllenhammer shifted his 3.36% into his "personal" AB, meaning the remainder are in the original holder's name ( another Gyllenhammer entity) I don't think he sold any stock do you??

[temelco] 08/4/2021 10:32

CT Think you would be better than me at the maths, but it seems to me that buying back those shares actually increases NAV around 1p per share? Could be completely wrong....

[clocktower] 07/4/2021 18:29

The recipients, I would suggest are unlikely to exercise any until the shares are at least 20% above the exercise price and more likely to wait until they settle well above 20p which I venture to think will be there or well above after the full year figures or updated trading statement is released before the end of the year for CRU, which is only weeks away.

We would still see value if he was to pay 14.5p which may be sufficient to cover all of them, as weak holders take early profits.

[temelco] 07/4/2021 17:52

Hmmm well on the scenario you posited that would be about it I think, but hey, maybe they know it would be well worth while buying higher. It does, after all, increase NAV per share

[clocktower] 07/4/2021 17:32

LOL temelco - yes those figures are correct but 3.8m is a bit less than just below 4m in my book but then you might not miss 200k or so. :-) However I have not been through who had what awards but I suspect that there might have been other leavers following the sale of Coral Mouldings - for instance did Mr woods have any in 2019?

I wonder if 13.5p is the top price JG will pay?

[temelco] 07/4/2021 16:37

And just as a by-blow the chart looks like that funny bird that gets touted as the "share hunter"

[temelco] 07/4/2021 16:36

CT I've revisited the numbers.In 2014 options on 1,650,000 were granted 800,000 "left" Leaving 850,000
2017 (1) grant of 550,000, 100,000 left, leaves 450,000
2017 (2) grant of 2,500,000 no leavers, leaves 2,500,000
and the 2019 100,000 has left.So 850,000 +450,000 + 2,500,000 = 3.8m
Am I still wrong?

[clocktower] 06/4/2021 16:27

LOL temelco - Count again and make the deductions (I should have pointed out that there might have been more departures since they stated those numbers), and north from south. :-)

[temelco] 06/4/2021 16:08

Ah misread it - thanks CT. As you say they will only be exercised if the strike price is south of the market price. So just under 4million in total with 3.35 m at 14.5/15p and 450,000 at 21p.

[clocktower] 06/4/2021 15:48

No temelco - they can be only be exercised after 2 years from award/grant date but any time there after that.

Nobody is going to exercise the grant unless the share price is well in excess of the award price.

[temelco] 06/4/2021 15:32

If it's only up to 2 years does that mean only 2019 can happen and that before June this year? Or am I missing a bit?

[clocktower] 06/4/2021 15:09

L2 looking strong with only one MM on offer at 14p - Some tucking stock away at the start of the new financial year I guess.

". SHARE OPTIONS
On 8 December 2014 share options were granted to 9 employees including 1 director under an EMI Scheme, the “Coral Products plc EMI Share Option Plan”. Options were granted over 1,650,000 1p ordinary shares of the Company with an exercise price of 16p per share. The share price at the date of grant was 14.5p per share. 4 employees, including 1 director, with options totalling 800,000 1p ordinary shares have left the Company.

On 30 May 2017 share options were granted to 4 employees under an EMI Scheme, the “Coral Products plc EMI Share Option Plan”. Options were granted over 550,000 1p ordinary shares of the company with an exercise price of 21p per share. The share price at the grant date was 15p per share. 1 employee with options totalling 100,000 1p ordinary shares has left the Company.

On 22 August 2017 share options were granted to 2 employees, both of which are directors of the company, under the EMI scheme. Options were granted over 2,500,000 1p ordinary shares of the company with an exercise price of 15p. The share price at the grant date was 14.5p.

On 1 June 2019 share options were granted to 1 employee under the EMI scheme. Options were granted over 100,000 1pordinary shares of the company with an exercise price of 16p. The share price at the grant date was 8.5p. The employee has since left the company.

The options can be exercised two years after the grant date and there are no exercise conditions other than that for the options to vest, the individual must remain an employee of the Group."

[clocktower] 06/4/2021 08:07

More good news for shareholders as JG points out what amazing value he is obtaining for shareholders if they are to be used to satisfy outstanding options.

If I remember correctly the lowest price options exercise at 14.5p and some at 21p.

If I am not mistaken and please correct me if I am, this statement was a huge clue when he first started buying shares back to put in treasury.

A bargain if ever there was one.

[clocktower] 30/3/2021 10:54

My mistake,base7 I did not read the RNS fully before posting, mu apologies but on checking it seems as though the numbers are still not correct, and several larger holders might need to look at their holdings in light of the changes in numbers.

They based their holding on 85,442,534 whereas there are 84,942,534 in fact at this time.

[base7] 30/3/2021 10:38

They arent adding but their holding has increased due to the reduction in issued shares following the buy back

[clocktower] 30/3/2021 10:20

So Lombard are adding and those buys must have been theirs one assumes but where is the stock coming from?

It may not be to long before the next jump upwards I assume as there must be very little in free float.

[clocktower] 29/3/2021 17:59

You did temelco, so we are in agreement - hopefully we are wrong and they have already found a home for them but we are yet to find out.

PS, i has not noticed those 500k trades posted late - so expect a RNS in the morning.

[temelco] 29/3/2021 17:09

Think I suggested that something of that sort had happened CT

[clocktower] 29/3/2021 16:43

Has JG pulled the plug on buy more or is he just taking a breath to see what is flushed out before chasing thew share price upwards?

The other 500k from Friday might have just been a MM holding onto them awaiting further news, I guess.

[clocktower] 29/3/2021 08:27

Good Morning all,

When the owners of CPL accepted 3.3 million shares as part payment at 11p a share they certainly knew they would be gaining a great deal more than 11p a shares value. Already at 13p a share they have an extra £66,000.00 of value and as the company has been paying 13.5p a share, and imo likely to pay up to 15p a share, as they still represent outstanding value at that level, the owners of those 3.3m shares are topping up nicely, and will do again I suspect when they get 30% of profits from CPL that exceed £250k.

A great deal for everyone concerned and in particular current shareholders of CRU as I expect they will be 20p as soon as the company announce a dividend.

[base7] 28/3/2021 09:23

Good points .Additional with a Microcap like CRU & particularly with such a very low free float ,buy backs of any ‘loose’shares in Market should ensure share price stability & a positive trading update together with an outline of JGs strategy(including divi dividend strategy ) would be helpful

[valuschmalu] 27/3/2021 19:11

Getting closer to bottom of fair value so wouldn't be keen to see company buying shares above 15p. Also if I had to guess the average share price of new issuance over the past 10 years, suspect it is around 14p so optically nice to buy back below that price. I like the buyback idea in general though. Puts a floor on the share price if the market knows the company is a buyer at a certain price.

[base7] 26/3/2021 17:23

As we have divested ourselves of the largest & mainly least profitable part of the business ,a positive trading update ahead of 30/4 could help improve our market cap further & hopefully all 3 subsidiaries are continue to trade profitably

[temelco] 26/3/2021 17:17

At the risk of sounding challenged,unless something else has happened it looks like the MMs have taken in another circa 500,000 today at effectively 13.5p.
So two scenarios - they are waiting to announce another company buy or the MMs are supremely confident about being able to sell them on. Either way, I'd say definitely bullish. I agree about getting the Market cap up above £10m again - still a minnow but at least over a line.

[aleman] 26/3/2021 16:51

1m bought back. Only another 11,392,230 until they reach the buy-back limit. It does seem bullish. It makes one wonder what results are in the pipeline. The company does seem to have a history of updating ahead of finals but the date of finals have wandered a bit and trading updates have wandered a lot. Hopefully, we'll get a trading update around the year end, which is only a month away.