Coral Products Share Discussion Threads

[charo] 26/5/2023 16:08

Usual mm games.

[base7] 24/5/2023 20:40

Positive statement, as I had hoped for ,slightly exceeding expectations & with more cash than I expected.Scope for more bolt on acquisitions as long they are earnings accretive & provide opportunities for economies of scale.I agree that it will be interesting to see what the debt position was at 30/4 & whether the intention is to reduce it with view to stubbornly high interest rates.The dividend, I presume , will depend to an extent on how positive trading is over the first 3/4 months of FY24

[hatfullofsky] 24/5/2023 15:57

Not a ?, was an emoji

[hatfullofsky] 24/5/2023 15:56

and it was ?

[clocktower] 24/5/2023 14:11

It was meant to be amusing hat. Thanks I will take a look at the EVG thread.

[hatfullofsky] 24/5/2023 13:33

Replied on the EVG board

You're comparing an international assignation of a potential national leader to a CEO succession plan for a £15m company. That's funny.

[clocktower] 24/5/2023 11:42

Hat - Kim Jong-nam was the "natural" successor of the former North Korean leader but his younger brother Kim Jing Un became leader.

Regarding Juvenesence - have I missed an update? I would be obliged if you would correct me and send me a link as even though I am a bit long in the tooth, never to old to learn or listen to wiser council. Thanks in advance hat.

[hatfullofsky] 24/5/2023 10:51

You should check your facts on Juvenescence - product launch 2025

JG has already made succession planning, Ian Hillman joined when they bought Foil and Film in May 22, he is the natural successor and was made an Executive Director of CRU in December 22, he also owns 5.36% of CRU. I expect him to be the next CEO. JG will move to non-exec chair.

Those that have been here a long time, holding and trading should know this ;-)

[clocktower] 24/5/2023 10:28

LOL - one and all - this has always been a great thread for debate and kicking the ball around.

If But Maybe Never 20p + again 😰😰

Rising interest rates cannot be helping, the market is shocking bar a few cherries to pick up short term here and there, I agree.

We all love JG but I think he maybe even older than I am, and most of us have made succession plans along with our funeral arrangements but has JG? :-)

I wonder what would happen if JG's 6 million plus shares came into play if there was nobody already in line to take his place?

That might be "challenging" - we need to look into the future with our crystal ball and not the past.

Talking about Blue Sky Pharma's hat - Maybe JG will be well enough to benefit from some of Juvenescence's sulforaphane-based compounds that I believe are anti-aging that should be launched in around 1/2 years time, if not before.

Question is, is it better to take profits now and forget the dividend or maybe look at the share price down back around 14p or less after the dividend, if the market gets worse. How is he going to increase turnover and profit without adding another branch to the mishmash pot?

Nearly all of us here have been here for a long time, maybe like myself - holding and trading and we look to the long term even though we might not last the course ourselves.

Hats off to you. :-)

[hatfullofsky] 24/5/2023 09:26

Clock - If But Maybe ....

Have you thought to consider what CRU could achieve in a less challenging market (ie forward looking).

Most companies are reporting "challenging conditions" and revenue decline. CRU appear to have managed that quite well.

Still you could always avoid the strong companies with solid dividends for some Blue Sky Pharma without revenue and burning cash ..........

I prefer to invest

[hatfullofsky] 24/5/2023 09:22

I agree with many of the comments on here, clearly apart from Clock whom is detached from reality.

Revenue at £35m (slightly ahead) shows they have not lost ground or momentum even in "challenging conditions" HY £17.6m

Adj EBITDA >£3.5m (ahead) versus HY of £1.88m

I expect PBT to be hit be exceptionals from the acquisitions but I am somewhat comforted by the cash balance of £5m (which is ahead of my expectations)

Debt was not mentioned and I expect that to be around £7m before earn outs are taken into consideration.

[florence141414] 24/5/2023 08:36

Carefully worded to mention the things that were ahead of expectations but no mention of PBT/PAT. My guess is that’s because PAT was in H2 was similar to H1.

That would mean 1.6m PAT for the year.

If that’s correct then it’s trading about 9 or 10x PAT right now.

That’s about fair for a micro cap with decent but not stellar prospects.

Neither cheap nor expensive IMO

[this_is_me] 24/5/2023 08:13

Hugely impressive trading update for a company with a market cap. of around £15 million.

[btgman] 24/5/2023 07:47

Figures are stunning:-
EBITDA £3.5m
Dividend yield close on 8%
p/e under 7

This is cheap as chips won't be at theses prices for very long
AIMHO
GLA
BTG

[charo] 24/5/2023 07:39

If he had not admitted to challenges coral would be only manufacturing business did not.Ebitda doubled ,£5 million in cash or near.Dividend will be paid and cost to maintain £500k.
What are chances,clock you are full of it.

[clocktower] 24/5/2023 07:12

All well and good but second half challenging, so has H1 started with even great challenges?

Will the dividend hold up?

Has JG hit the buffers once again and bitten off more than he can chew, or can the success of 2022/2023 be carried forward once again?

The stock looks cheap but I am not sure if the market will like it because of the challenges.

[hatfullofsky] 09/5/2023 22:26

I agree, we are now at the revenue level pre Coral Mouldings sale so I expect consolidation. We need to make sure the debt is manageable.

[base7] 09/5/2023 14:24

So- no more acquisitions announced , our share price remains firm & no profits warning ( as yet ) so hopefuly FY23 will have been on track , & possibly exceeded expectations as JG was expecting a strong second half following successful absorption of our various acquisitions in H1.There may well be some more bolt on acquisitions lined up but I am sure JG wants to demonstrate success of his previous acquisition policy before making more & will be hopefully looking for a higher share price assuming shares will be issued.
SP has been resilient in the face of smallies struggling

[hatfullofsky] 12/4/2023 08:48

There are plenty of opportunities out there definitely. When CRU drops like this I always try an add a few, not big but just take advantage of the weakness. DEST, EVG, POLB are certainly one big news drop from a major move (up or down) so balance is the key.

[base7] 12/4/2023 07:51

Little over 2 weeks until year end & no profits warnings as yet Clock so buying now could prove to be well timed ,assuming we remain in track -which you have previously expressed doubt -thereby increasing your risk reward ratio .May be tempted to buy a few more mussels myself ahead of closure if FY23 .
Unlikely to announce ahead of expectations -but you never know your luck !

[clocktower] 11/4/2023 12:13

Tempting price but I think I will wait a bit longer as the markets are so nervous at present.

[clocktower] 03/4/2023 15:44

Well Hat, DEST is on the up today and CRU sliding a fraction but as you say most go up and down but surprisingly CRU has performed very well and on all accounts looks like it should continue to do so. Hence CRU must be a very good buy at its current level, do you not agree. As for EVG, I agree they are also oversold and are very cheap but like you with a number of stocks, we spread our portfolio across an number of stocks, and because of the potential with EVG I am already top heavy, so unless it falls under 3p I will not be adding.

However once the new financial year starts, if CRU continues to slide, I may well buy some CRU shares again.

[hatfullofsky] 30/3/2023 13:25

Clock, you can pick up some bargain shares over at EVG today.Shares go up and down, no need to poke

[base7] 29/3/2023 18:01

On 12/12/22 JG said in his outlook statement that he expected the benefits of the 4 acquisitions made in H1 to come through in H2 & that further acquisitions may be made.
Our year ends 30/4 so we are now in either downgrade or upgrade territory , ie by next week JG will have March figures & a good idea from our various subsidiaries as to expected April performance so should he publish a trading up date lets hope its ahead of expectations -which is entirely possible ,despite Clocks desire to buy back in @ 14p-although there may be competition for our shares at that level in the absence of a profits warning or an unlikely dilutative acquisition

[charo] 29/3/2023 15:19

Lots of small trades locking in capital gains before allowance reduces.