Coral Products Share Discussion Threads

[base7] 05/1/2022 15:30

I dont want my family to question my integrity ,should my demise come before that of JG,& therefore the identity of a lady called Coral who will hopefully continue making generous contributions into my bank account on a bi annual basis.

[clocktower] 05/1/2022 13:34

LOL - charo - No I like the old fart, he's an honest bloke I believe, and his efforts have been a blessing over the years.

I wish JG well but you have to face facts that the older you get, the nearer to your death bed you get,(I speak from personal knowledge - unfortunately, it would be nice to turn the age clock back) and one starts estate planning sooner rather than latter, even though we might wish to live a much longer healthy life.

So banana skins might not be the only thing that could cause an unexpected slide imo.

In JG's case it might have been to stick with it and find a solution when it was under 5p (which he did, thank heavens) or suffer a big loss at the time, and now he could be puzzled as to how he can turn a cash pile into a working model.

We will just have to wait and see if he starts digging us all graves or uses his tools to build something that will be an improvement on the last asylum. :-)

[temelco] 05/1/2022 11:09

Well said base7

[base7] 05/1/2022 10:59

I doubt whether JG expected to be still here by now but after 2 or 3 major setbacks he has had no option other than to protect his investmemt & , clearly, the disposal of the loss making building & business has turned our fortunes around, our share price having more than trebled since its recent lows & it is likely that this is all part of his exit strategy ,whether it be to sell out completely , use CRU as a reverse takeover vehicle,or expand further .The final option will take time which JG may feel is not on his side ( to quote The Stones)& he has struggled previously to find a CEO capable of growing the business.I have no plans on selling as a sustainable yield over 6% beats the bank & there remains scope for further upside-assuming no further banana skins

[ifaze] 05/1/2022 10:46

I think anyone who still chooses to run a business at age 74 probably enjoys the job - so if good health remains isn't likely to suddenly want to stop on reaching an arbitrary milestone like 75.
(Still no sign of my interim divs!)

[temelco] 05/1/2022 09:51

So JG 74 in March. Would it be reasonable to assume he might bow out by 75? Is that a potential timeframe for takeover/ sell out/whatever? Time as ever will tell....

[charo] 05/1/2022 08:45

Clock tower JG born March 1948,according to companies House.
He obviously did something to you to make you so anti.
Was also 4p when he joined.
As to power,China and plastic related problems these apply universally and as an industry plastics will remain ,however unfortunate, a significant sector and with forecast growth over next 10 years.
Not that JG will be around that long.

[clocktower] 04/1/2022 16:02

Hi all, Problem is charo - JG was lucky that he got us out of the pit he had got us into, and his eggs do not always hatch.

The high energy costs may start biting into the profits and the problems in China may not be over - and the cost of containers - so GP might yet have serious issues around the corner. Yes we know he is trying to bring production closer to home but at what cost.

Not only that, everyone is trying to do away with plastic products. He can shout all he likes about buying shares for holding in treasury but try selling them to an institution at a profit or getting a company to accept them in lieu of cash, unless he over pays for the company in question, and that will only be seen in time.

Remember this was 25/26p before he dug a ditch. How old is JG by the way?

[ifaze] 04/1/2022 11:30

Agree with you Charo. Been some hiccups along the way but I'm comfortable with having a v overweight position here. Less happy with Barclay's idiots not giving me my latest div. Anyone else got an update on that front?

[temelco] 31/12/2021 15:01

Well said Charo

[charo] 31/12/2021 14:57

Div paid 7 years out of 8 .
JG pays no attention to outside critics.
Restructed group including major operating company by strategic though small acquisitions and continued to make careful again strategic investment in capacity.
Interpak, Niemann,Totebuild and recycling etc.
This previously unattractive lame duck transformed into an attractive Swan.Which on sale left behind the golden egg we now have.
We can sell on or hatch and bring to wealthy maturity.
A xmas story for all.

[baddogrex1] 31/12/2021 10:56

I am a long term sufferer in Coral have been here since VCR boxes and DVD packages Have seen the Ferster family run this into the ground. Joe gets involved and bolts on some related business and we struggle along lurching from one unfavourable market condition to another with no dividend
We were at the mercy of the oil price because of Plastic feed stock costs
Now Oil is sky high we are making money?
Sure we had a recycling plant but that wasn’t a howling success was it ?
Do we even still have it

Fast forward and the factory has a new roof and it’s sold and suddenly we are profitable and paying a dividend
What has happened Have we become a money laundromat Can someone please explain WTF is going on.??

[base7] 31/12/2021 00:08

I have been anticipating that for over 4 years Charo & buying the dips accordingly.Hoping not to be still waiting in 4+ more years.Concerned my investment will become a legacy !

[temelco] 30/12/2021 10:35

Charo - that seems like a good plan. Still cheap as chips

[charo] 29/12/2021 15:34

Expect company to motor through 2022.JG will want to increase earnings per share,increasing share price in anticipation of finally retiring through share sale .

[ifaze] 29/12/2021 12:50

Boystown, "The Board believes buying back shares at the current price represents an outstanding opportunity to buy back into treasury shares which can then be issued to fulfil the anticipated exercise of existing share options or in part payment for any future acquisition." In the meantime they are comfortably able to pay shareholders a yield of 6.67%. I'm not reducing my v overweight position at this price, but DYOR

[base7] 23/12/2021 19:22

Perhaps ,& despite being Quants ,they are confused about 2 dividends for the same amount being paid in close proximity .
Outrageous behaviour for which there is no excuse & I would be inclined to seek compensation -even if in the form of a heads up on their lousy 2022 tips-whatever they may be .

[ifaze] 23/12/2021 18:01

Wife and just spent 1 hr 20 on online chats to S.I. logging our complaints. A fair amount of that time was spent trying to convince someone that there had actually been an interim div paid - sending them links to HL web page and pointing out where on RNS dividend declaration was stated! Quite a few quid owing here.

[v11slr] 23/12/2021 17:34

I check, first time I've had a problem.

[foldender] 23/12/2021 17:14

I find it hard to believe that S.I. haven’t received both dividends, so all they have to do is credit the appropriate clients’ accounts. Surely this is what they are paid to do for their clients. How can anyone using S.I. have any confidence that they receive all dividends due?

[v11slr] 23/12/2021 15:15

I think the first time was on the 13th. I complained through the online chat facility when I contacted them today. Well, actually I threatened to raise a complaint so 'James' raised one for me.

[ifaze] 23/12/2021 14:53

Interesting V11SLR. When did you first draw it to their attention? And how did you submit your complaint?

[v11slr] 23/12/2021 13:06

Yes, I've chased Barclays three times so far, still only had 1 payment. Raised a complaint today and got £50 compensation. I'll chase again after Christmas if not paid and raise another complaint.

[ifaze] 23/12/2021 12:59

Realised yesterday that in respect of my holdings within Barclays Smart(I think not)Investor I have not had the interim dividend. Holdings within ii account paid 3 days after the Final Div. Raised a question with SI online chat and was told I was mistaken and I was sent a link showing dividend history for Coral. Only problem was there was no Interim Div. I referred her to RNS of Half Year Report and also a link to Hargreaves Lansdown showing correct div history. They are looking into it for me. Problem is on 3 different accounts, 2 mine one the wife's so I expect all Coral shareholders haven't been paid. Anyone else had this problem?