Coral Products Share Discussion Threads

[hatfullofsky] 03/7/2022 20:00

Could be said about most companies currently. Difference here is that we are a dividend paying, cash generative, growing micro cap.

[base7] 01/7/2022 20:27

Weakening £ & increasing costs of raw materials ,energy for our various facilities ,increased wages (presumably )to ensure staff retention may well be weighing on the minds of The Market -apart from weakening consumer demand

[clocktower] 01/7/2022 16:26

Crazy but that's the way the market is and it just takes someone to need to liquidate or require cash and the drop away follows.

[base7] 01/7/2022 16:22

If we continue trading positively our cash pile should be growing & should our share price slip back further in these volatile times JG may be tempted to buy more back-if the price is right

[hatfullofsky] 01/7/2022 16:01

Needs to keep a cash pile to integrate the acquisitions and has to pay the dividend. £4m in cash is a safe buffer for JG we could see mor buybacks but I'd be surprised

[hatfullofsky] 01/7/2022 15:59

EV £8m at 14.35p Group annualised revenue £35m cash £4.4mWhat a crazy market we are in.

[clocktower] 22/6/2022 18:40

Falling on so little volume but will JG step in and buy more to put them in treasury?

[base7] 10/6/2022 12:19

If Directors/PDMRs have any cash savings & believe in the CRU project, why would they not buy shares at current levels as it gives them a historic yield of circa 6.5% ,which, if the subsidiaries continue trading strongly will increase in the current year even if our share price remains stable at 16-18p -although on confirmation of Finals & continued strong trading in FY23 ( assuming that to be the case,a big assumption I know) there will also be scope for capital appreciation

[clocktower] 10/6/2022 11:00

I suggest he is just sending out a message once again, as to how much they are undervalued, in much the same way he has in the past.

[temelco] 10/6/2022 07:32

Looks a bit small to be divi reinvestment even allowing for extra tax

[this_is_me] 10/6/2022 07:14

Joe bought a few more shares even after the price rise. That's not many compared to his huge holding. Is that a one off or does he intend to buy more? Large dividends and no IHT may be reasons.

[clocktower] 09/6/2022 11:50

I don't think even JG will live longer enough to build a huge conglomerate but he is showing he is able to build a mini empire of small workshops turning of millions of pounds worth of products, at a decent profit.

I guess he has learn from his mistakes, and is using his time well and on the lookout for more ugly ducks that can be transformed into a flock of golden geese.

If he stops now, this will just become a dead duck in time - grow or go!

[hatfullofsky] 08/6/2022 22:25

JG has often stated he is not interested in building a large conglomerate, the integrations execution risk alone with these two is enough plus he's got to improve margins. There is lots to do, he's had a backlog of opportunities and selected the two he has.

[charo] 08/6/2022 15:22

One of the few aim stocks with enough liquidity to enable profit taking.

[clocktower] 08/6/2022 14:25

I doubt if you will continue to see more buy backs now the share price is forming a new higher base unless for some reason the was weakness in the share price

It is important to keep the momentum going with tack-on's as there are businesses that are in stress and JG has the expertise to do deals, even if this means more share deals rather than cash, as long as they are beneficial to all, which you can be sure JG will put at the top of the list.

I would hand JG 2 million options at 15p (the last raise price) if the share price hits 30p by 2023 as he is back on form.

[hatfullofsky] 08/6/2022 14:09

I'm not expecting another add-on. 1) Share buy backs have resumed 2) with the additional revenue, ARR is now £35m which is about the size of CRU before the sale of Coral Products (Mouldings) Limited ("CPL") and Interpack Limited in Dec 2020 which had combined revenue of £18.6m

[mginvestor] 08/6/2022 12:29

Thank you Effortless Cool and clocktower for your input over several weeks. Although I've been following the story for a while I decided to take a position today on the breakout:



Looking forward to adding further

[temelco] 08/6/2022 11:43

PS divi reinvested a couple of days ago...

[temelco] 08/6/2022 11:42

Thanks CT - you could be right about more add-ons. And as you say the vendors will bust a gut to exceed their earnout levels

[clocktower] 08/6/2022 11:24

temelco, I think we will see another tack on, and the T/O will imo be higher than the estimates given above BUT what is more important is the net profit and that should also exceed current estimates, as the sellers will be working their socks off to surpass the targets at which trigger the extra payouts.

[base7] 08/6/2022 10:52

Revenues expected to more than double & profits could also more than double (assuming no adverse headwinds)& our dividends could also increase -& all with a backdrop to no dilution & probably more buy backs over FY23
All assuming a rosey scenario but in these uncertain times CRU may emerge as a boring but stable investment in volatile times .

[temelco] 08/6/2022 10:09

EC - yes I got to around that. Nice number jump!

[effortless cool] 08/6/2022 09:59

Based off historical data:
£14.4m - existing businesses
£8.7m - Alma Products, but only for 11 months in 2022/23
£10.1m - Film & Foil

Sub-total £32.5m.

Add on, say, 5% for growth and/or inflation:-

Total £34.1m

So massive top-line growth this year.

[hatfullofsky] 08/6/2022 09:53

20p paid this morning but has fallen back since. I'm very happy with my investment here