Coral Products Share Discussion Threads

[effortless cool] 11/5/2021 14:46

Who's the broker, please, charo?

EDIT: Ignore, answered my own question - WH Ireland.

[charo] 11/5/2021 14:42

Broker note suggests profits £1.1 million in year to 30th april 2022 from continuing operations plus circa £7 million cash to develoo group.
Think we be fine.

[clocktower] 11/5/2021 12:04

LOL charo. You are a highly respected poster and investor but I had to have a little more than a chuckle about those looking anew. The reason being that on the basis of a gain of 400% inc divs, is it likely that will occur again in the next six months?

It's one thing to hold and another to look for gains of even 100% easier said than done imo.

IFAze response is what I believe most of us here would agree with, hence a steady growth and a safe haven but as I said, can JG pull more bunnies out of his old hat before he himself turns to dust, as we all do. :-)

[charo] 11/5/2021 11:48

Again my remarks are valid in respect of those looking anew.
Day traders are not investors but Traders looking to make quick kill.
Investors look at long term and prepared to ride the waves.
JG came in around 4p in 2011.

[ifaze] 11/5/2021 10:12

Agreed Clocktower. I have quite a lot of these but it certainly isn't one of my holdings that I think could be a 10 bagger. I view this now as a relatively low risk high yield stock. I suspect the price will be higher this time next year, but it won't need to go up much more before I will be reducing my holding slightly.

[clocktower] 11/5/2021 09:32

charo, it is not fair to portray CRU as as huge growth stock, it would be true to say it is a recovering stock, as the share price still has more than 30% to recover from when JG had it performing well.

Most investors have not bought their stock under 5p and for example I had stock that I had purchased around 12/13p before the big fall to under 5p, so most investors averages are much higher, and certainly do not show even half of what you are suggesting as a gain.

Also, if some of the bigger holders want out, as we saw one even selling at below 5p it is likely that the growth in the share price will be limited now but as a yielding stock it looks a top notch investment.

So, if like PUGUGLY who posted that the share was likely to plateau, then others are most likely to do the same that are only looking for the next big increasing stock, which most of us are seeking imo.

[charo] 11/5/2021 08:59

Most potential 10 baggers blow out.
In 6 months inc divs coral has gained 400% with suspect more to come.

[clocktower] 11/5/2021 07:19

As you say base7 this is now a very decent yielding stock and a solid investment with limited potential for at least six months, and that seems to be one of the reasons the stock looks set to remain in a holding pattern for some time to come.

JG could pull another rabbit from the hat but speculators are voting with their feet and maybe effectively taking their dividend now, if it falls back after this first payment. If it falls allowing for the dividend then maybe the gain might be greater.

However, it is far better than having money in a bank account and now it has become a low risk stock and is a good place to be for those that want to sleep of a night and not worry about being on the likes of the rollercoasters like Tern,though it has been a fabulous ride.

[base7] 10/5/2021 23:59

I have a reasonable position in Tern,the difference being that Tern has the potential to multibag from here,while being very high risk,if any its invested companies reach their true potential,whereas CRUshould now be a steady growth stock with a decent yield,but with limited potential to multibag,unless it is used as a reverse takeover vehicle & an exciting high growth business is injected.

[clocktower] 10/5/2021 11:19

Charo: because it seems several investors were not excited about the sale price of Haydock and as far as I am aware there has been very little mainstream publicity that would have encouraged a lot more small investors to tuck these away into ISA's or SIPP's accounts. In addition, there maybe concern that JG's hands are now tied until he gets the money in Q3.

Still the dividend looks great and one to follow before many months have passed make this a very attractive long term investment imo.

One other thing, when you get shares like TERN shooting up like it has over the past week or so, many will ride the wave of excitement and enjoy the rollercoaster thrill.

[charo] 10/5/2021 08:58

With all most recent trades above 15p how come advfn mark down?

[pugugly] 09/5/2021 22:03

IFAze - Many thanks - Registered.

[ifaze] 09/5/2021 13:46

Pugulgy, might be worth listening in on Tues ev hxxps://www.sharesmagazine.co.uk/events/event/shares-investor-evening--webinar-110521

[pugugly] 08/5/2021 19:25

IFAze - Had a quick look - Interesting as into growth markets- Will have to mug up on some DD.

Quid pro quo - Have a look at ITX - Has had a very good run over the last 6 months and unless a very good trading update could well fall back but very much into the Bio-based chemicals GREEN rather than oil based so very ESG -

Whichever way the ext rns goes possibly useful to be aware of the potential so as to be able to make a quik decision.

OK maybe biased as very overweight and up %age wise many multiples than I was in CRU.

Further note- Free float only 15% so probably one to lock away - but some respected BB holders in addition to yourself. The EV printed circuits could be big but long lead-in periods

[ifaze] 08/5/2021 16:08

Not expecting sudden down turn in share price, supported by company buy backs. Remaining long here and overweight. Where to reinvest Pugugly? Well if you are happy to hold and wait have a good hard look at Trackwise. I'm even more overweight with those. DYOR.

[base7] 07/5/2021 17:54

Well done Pugugly -hardest action for PIs yo do us take profits -often due to uncertainty over where to invest the proceeds.I have been in CRU for years & I have generally been fairly negative until the recent disposal & creation of a cash rich company ,with 3 profitable subsidiaries ,substantial cash balances & now paying a decent dividend (around 3.5% & likely to increase assuming subsidiaries remain profitable ).If your timing is right & our share price slips back you maybe able to but your shared back cheaply.

[pugugly] 07/5/2021 16:32

clocktower - Could not have done it without your input - Now where to reinvest? - If cash held in money funds or bank sure fire way of losing real value.

[clocktower] 07/5/2021 16:25

Well done PUGUGLY, I am delighted to hear that you have made such a huge gain but hopefully next week more folks that want dividends in addition to possible long term share growth will be looking forward to getting those Dividends.

I doubt that CRU will suffer from much of a pull back as three three current businesses are very profitable and there is ample cash in the bank to move forward.

At least we know one major holder that has held the share price back.

[charo] 07/5/2021 15:53

Ill improved speculation on property led to disappointment.
Anyone who has visited the site will smile.
It is a very good location but existing buildings well past best and whole site run down,
Congrats are due to management for extricating the group and at a decent profit.
Downside sale does not complete and continue to receive decent rent.
Can't lose.

[pugugly] 07/5/2021 15:46

clocktower:_ I suspect that those selling out (like myself) feel that the share price may plateau for the next 6 months or so and as the market in general is at an all time high there is a significant risk that if the Market has a short or long term pull back then CRU as a minnow will suffer more than most.

Meanwhile wishing you all the best and many thanks for all your hard work posting your analysis of the opportunities - I thanks you for the 140% gain. Have a great weekend and life in general going forward on a BLUE day both for the market and Boris.

[clocktower] 07/5/2021 15:26

Disappointing end to the week but I think the sale of Haydock has not been taken well, on two accounts, and the price is still subject to conditions. The Price and that completion will not be until Q3 does not help either imo.

"Coral Products plc, a specialist in the design, manufacture and supply of plastic products based in Wythenshawe, Manchester is pleased to report that it has exchanged contracts for the sale of its freehold premises at North Florida Road Haydock, Merseyside (the "Property") to Glenbrook CP Limited for approximately GBP3.5 million subject to a closing account reconciliation and conditional on the Group replacing the roof of the Property as described below and other certain conditions precedent.

The Group will spend approximately GBP650,000 replacing the roof to the Property prior to completion, which is anticipated by the end of Q3 2021."

Hopefully, there will be good press at the weekend which will encourage long term holders to put some in their ISA & SIPP accounts for the dividend and growth prospects.

[ifaze] 07/5/2021 11:20

Effortless Cool, might be too optimistic hoping for 1p div Final div. History of divs here was roughly the same amount at interim and final. Either way, very attractive and in my opinion share price too low.

[ifaze] 07/5/2021 11:20

Effortless Cool, might be too optimistic hoping for 1p div Final div. History of divs here was roughly the same amount at interim and final. Either way, very attractive and in my opinion share price too low.

[base7] 05/5/2021 16:38

Arent many banks paying 3.45% return in little over a week & I agree that if our 3 current subsidiaries are performing as expected a further dividend of at least 0.5p is likely resulting in yield of 6.5-7% at around 15p-all of which is tax free if held within ISA or SIPP

[base7] 05/5/2021 16:38

Arent many banks paying 3.45% return in little over a week & I agree that if our 3 current subsidiaries are performing as expected a further dividend of at least 0.5p is likely resulting in yield of 6.5-7% at around 15p-all of which is tax free if held within ISA or SIPP