Coral Products Share Discussion Threads

[21simthy] 07/12/2009 21:31

Hard to believe that 100k was a sale Jab, i was not being bid
any size at all online and no more trades but the offer drops
to 5.75p, great price but i have a lot of stocks that are very
cheap but cant go averaging down on them all so i have to stick
put with what i have unless i hit the jackpot elsewhere and can
buy more....that 100k might have been a buy.

Really thought that 6p was the low when i got in, guess not :-))

[21simthy] 03/12/2009 11:32

Yep Jab, i'm tucking away a few nice recovery micro stocks such as
Cru, Disl, Dcd and Cltv, all look to be great recovery plays, not
much money in trading at the moment or maybe i have the wrong monitor.

Might go back to work in the new year and leave them all alone, getting
a bit bored again.

[jab118] 03/12/2009 09:36

Hi smithy.

Like I said I bought into these about a year ago on the veiw, that this company was under severve pressure, due to the inflatted oil price in the past.

So on the concept of the oil price last year crashing, was at that time looking for a few little companies that could benefit.

Came a cross Coral, did a bit of research and bought in on the personal assumption of a marvel recovery in future profits.

Can not see, why a slow recover in the share price can be accomplished here in good time.

Like you said just need to be put on the radar :-)

jab

[cufes2] 02/12/2009 22:19

Maybe it's all down to those pesky market makers trying the panic push tactic . . .

[21simthy] 02/12/2009 21:56

Looking again Jab.

Seems they have assets worth 30p, debt has been reduced, much higher margins,
vastly reduced loss and all in a difficult market, cautious outlook but they
all are in this market, new products soon as well, i'm trying to find reasons
why it should be worth just over a million, seems way too low.

Would like some others to give me their views

[21simthy] 02/12/2009 15:00

Jab.

Cant believe the reaction to those results, not one trade since my buys
except a sale of 12.5k.

[21simthy] 02/12/2009 10:16

Computer glitch maybe, they are back now in all stocks.

[jab118] 02/12/2009 10:02

21

You say Wins are missing from all stocks, any idea why that is ?

[21simthy] 02/12/2009 09:57

Yes, Wins are missing from all stocks Jab.

Was only 2 mm's from the start.

That's why i'm sticking with what i have bought, keep my punts
small in 2 mm stocks with low NMS in the rare occasions i buy.

[jab118] 02/12/2009 09:53

21.

That's strange L" 2. was showing 3 mm's earlier i'm sure, now had a peep and now there's only one EVO.

Have you any idea why that has happened ?

jab

[21simthy] 02/12/2009 09:32

Jab.

3 trades in a month on plus before my 2 buys this morning on there.

Talk about off the radar :-))

[21simthy] 02/12/2009 09:26

Nobody seems to have noticed jab.

And there is still stock available at 6.13p !

So still the bargain prices remain.

[jab118] 02/12/2009 08:48

smithy 8 .

Great minds think a like .

I bought in here a year back, and have been sitting quiet.

This is the interesting bit !

Sales have declined by 14% over the previous year but the gross profit increased
32% to GBP1.6m. Higher value added sales of media products and the fall in oil
prices enabled margins to significantly improve. Operating expenses reduced by
9% to GBP1.8m and the overall operating result was a much reduced loss of
GBP136,000 (2008: GBP713,000). Diluted loss per ordinary share was 0.96p (2008:
3.09p). No interim dividend will be paid


jab

[21simthy] 02/12/2009 08:03

Sneaked in with a small amount at open.

These are excellent results for a company with just a 1.2 mil market cap.

If they can continue to improve again they could swing from large losses
to good profits which will make the market cap look silly.

A definate medium/long term hold after those results.

[jab118] 04/11/2009 09:44

Up 10% with no trades, how strange ! W

Would think we are due for a RNS with good news.

[felix99] 04/11/2009 06:29

Doubt they have the cash. Probably 30-50k for new moulds and accross a range that's big bucks

[rohkap] 03/11/2009 20:47

Large shares trade took place in October. Would expect F&C to be fully out of Coral now although no RNS. Wonder who the mystery buyer is? Kitchen caddy product has been launched so the recycling product proposition is a lot stronger. Would be great to get a major retailer order for this. I would like to see Coral revamp its homewares range if it has the cash. Its looking very dated

[clocktower] 24/10/2009 10:32

Recovery on it way for Coral.

[rohkap] 20/9/2009 17:31

No ideas about the buyer though-its not a director or PG otherwise would need to be declared.

Recent spike in oil price isnt good news though. If prices has stayed put, they were in line to post a decent increase in EBITDA over the year (based on net assets stated in the IMS) but thats unlikely now.

Also worried that they do not have a blue-ray case offering. The recent price cut in the PS3 could spark serious demand in the product to the detriment of ordinary DVD cases. We all remember how quickly VHS sales fell away! Not saying they should pump millions into line/mould conversions because clearly they cant afford to but a multi-media packaging company should be selling blue-ray cases.

[clocktower] 05/9/2009 11:25

Seems to have been a fair bit of bottom fishing for the possible long term.

[rohkap] 05/3/2009 21:27

Recycling boxes. Just hope the Chinese dont work out the advanced technology required to build them!

In all fairness, it might not be a bad business line to go into as local authorities should be your main customer

[rohkap] 06/2/2009 19:36

typically uninspiring IMS. I dont think these fabled 'new products' exist. If anyone does know, I would love to know what they are!

[rohkap] 12/1/2009 20:52

Depends if PG wants to bid for the company. Does he have a history of taking companies private and if he does so how will he realise value for his majority stake later on? The other thing is whether Ferster brothers would be willing to sell at a low share price. I would have thought they would be happy to hold on at the moment given that there are recovery prospects in sight rather than settle for £150k each by selling out now

[clocktower] 09/1/2009 19:36

Bid on the cards before long I expect! 6p?

[felix99] 19/12/2008 13:34

the only thing that matters is supply versus demand for boxes. If demand is high and supply tight you will get price increases if you need to for oil etc.

If supply exceeds demand which is the norm these days then you wont get much of a price increase to cover rising costs and customers will be screwing them for a price drop cos raw materials are lower etc.

The only extra exports Coral might benefit from are European replicators for any box supply that they control. However for a long time now the box supply is done with the end customer like Disney and sent free issue in effect to the replicator - who have very little buying discretion of their own.