Coral Products Share Discussion Threads

[faz] 11/12/2023 14:35

clocktower not me giving you a thumbs down. I'm already in here and for a while. ANy disruption introducing new machinery is in the ROI figures and I do think they will grow their business under a new CEO otherwise whats he for. These figures show he has a good base from which to show his value add. I'd invest a shed load from here but the market this year has been pants and without one or two stars (DPLM and CDGP) I'd be under big time. maybe by Spring , if they are around 17-18p

[base7] 11/12/2023 11:00

Solid enough results & we all know that low margin revenue is vanity & higher margin revenue is sanity-as is investing in new equipment to ensure we can provide the best products to our diverse customer base.I was fortunate enough to buy part of my holding @ the 5p low but generally I have never thought of cru as a prospective multibagger-my hope being that we achieve revenue targets,continue paying a good dividend,make occasional shrewd accretive acquisitions - & 1 day we may be acquired for a modest premium.I have plenty of shares with multibag potential & they often disappoint.

[clocktower] 11/12/2023 10:22

LOL faz - all very well faz IF you get sufficient orders to justify the new investment plus I guess there is a level of disruption during the removal and disposal of the old machines, along with setting up and trialing time with new equipment.

Of course over a longer period of time the improved production is bound to benefit the bottom line, if the orders keep flowing but as was pointed out in the RNS with the foil business, markets can become very competitive. This could happen in other sectors in the current climate.

My view was based on the short term, and that is why I though it to be only a weak hold at around 13.5/14p

Each to their own but the dividend is steady which supports it.

Good Luck if your a buyer at over 14p but I cannot see much share price growth impo.

[faz] 11/12/2023 09:33

you invest in new machinery to drive up margins- it's measured by ROI and ROCE. And you ditch lower margin business to drive up margins. You then get higher return which is called growth. Clocktower, your accounting logic doesnt work for me.

[petewy] 11/12/2023 09:03

Found them near inspiring CEO:
These results are pleasing as they show our ability to successfully bed down the four acquisitions we made in 2022, which doubled the size of our business, as well as weed out lower margin business lines. As a result of these changes, we remain on track with our year end earnings targets.

[clocktower] 11/12/2023 08:13

Bit of a mixed bag imo.

Seems to me that they are going to be investing in a lot in new machinery and while they have ditched some lower margin business, growth maybe harder to come by.

Still, I cannot see any danger in respect of the dividend going forward at present but I do not like the talk of further acquisitions at this time.

So, just a weak hold for me.

DYOR

[this_is_me] 11/12/2023 07:25

The prospects look good. We should see the numbers improve further in the second half and even more so by this time next year.

[base7] 02/12/2023 00:11

Having done his due diligence before accepting the position I would hope Lance buys/builds a meaningful position as most of his colleagues have 2m or more shares

[charo] 01/12/2023 17:48

Miton still selling?

[clocktower] 01/12/2023 16:50

Agreed chsro but it is so surprising that it has taken so long to move back up a little follow the RNS.

What a crazy market. Have a good weekend.

[charo] 01/12/2023 16:23

Maybe JG can deservedly leave on a high.

[base7] 29/11/2023 14:33

Agree Charo -reassuring update & Lance Burn looks like a great hire with a strong CV.IGR we’re hugely successful for years & are now recovering .Assuming Lance had IGR shares he should have been able to sell at a substantial profits over the years & therefore be a wealthy chap aged around 60 & presumably back in U.K. for a further challenge involving much less travel .He has done due diligence & hopefully he has bought a decent chunk of todays volume.

[clocktower] 29/11/2023 12:54

Here we go at long last, and there should be at least another couple of pence in this.

[clocktower] 29/11/2023 11:04

On this occasion I agree with you charo 100%. Crazy that it is not back up to 14/15p

Still, the only thing I can think is that they could be a fear, that JG might just be hanging up his boots and might have made another mistake with this appointment, or maybe the fear is that JG will start liquidating his stake.

Let's hope they start reducing the debt.

[charo] 29/11/2023 10:47

How positive does a statement need to be.Profits in line ,earnings in line ,confident on year end and succession in place.

[this_is_me] 29/11/2023 08:05

No great immediate reaction to the update.

[this_is_me] 29/11/2023 07:55

earnings for the six months to 31 October 2023 are expected to be in line with market expectations, reflecting clear progress towards building a specialist UK plastic business of scale

Joseph Grimmond going into semi retirement. It is good that his experience is going to be available to the new man.

[clocktower] 29/11/2023 07:09

Maybe Mr Burns will be buying a lot of shares today, hence the reason they were being swallowed up at 12p which was much lower than I expected them to fall too.

Still with today’s news a quick rebound is on the card. Fingers on the buy button early.

[clocktower] 23/11/2023 13:30

It seems to me that the house broker is swallowing them up at 12p

Could be a nice profit in it for someone I guess.

[petersinthemarket] 23/11/2023 12:18

Is this the bottom, at last?

[clocktower] 15/11/2023 07:27

Not gloating at all EC but I was waiting to see if JG would step in and swallow up the cheap shares but maybe that will come today. I expected the buy back to put a floor of around 13/13.5p on this, so got that one wrong.

It is disappointing that it seems every time JG successfully pulls the bunny out of the hat, when it looks like it’s days are numbered, within a couple of years he seems to be involved in a multiple pile up.

He was after all talking about further expansion not long ago, as though he thought he was infallible when it came to deal making.

We shall see in the next few days I guess.

[effortless cool] 14/11/2023 17:56

You're a bit slow today, clocktower. We normally only have to wait a few minutes after a price fall for you to come on here to gloat about it.

[clocktower] 14/11/2023 16:30

Bit grim here, and having slumped further than I expected - is bad news leaking?

[clocktower] 08/11/2023 07:29

Interesting point of view.

I will stick with my view that the shares are now cheap (on a dividend basis) but as I am not looking for dividends I will not be buying but other costs have been coming down, which might cushion any pressure from falling sales imo.