Coral Products Share Discussion Threads

[topvest] 04/12/2012 20:32

Don't really have a target price as such, but it was obvious that there was value here at 15p if they could make the business work. With some growth and another deal then I suspect 20 and then 30p is feasible in the next year or two. Backed this because Rights and Issues did..they know better than me, but if it was good enough for them to invest a sizeable amount then that was good enough for me to put some money in.

[ramu kumar] 04/12/2012 14:18

Topvest, what is your target price and timeframe? Thanks

[topvest] 01/12/2012 17:58

This is all shaping up very nicely. Quality shareholders with Rights and Issues and MAM Funds now in place and should be supportive for further growth.

[clocktower] 01/12/2012 09:28

Well done again to the company. The savings over the period will well outweight the appearance of dilution by the new issue. Why concern yourself with the profit that MAM will make? I expect MAM Funds will hold onto these for some time.

Asset growth will be another positive and they are now in no fear of having all sorts of other possible costs associated with being a tenant or any possible disputes at end of lease period.

[topvest] 30/11/2012 18:03

Another good move on 2 counts; buying the property is a great deal + getting MAM Funds on board is also a good move. They will probably now be able to raise some more at a higher price when they find an acquisition.

[charo] 30/11/2012 09:31

reading the rns even after all cash costs ,interest and capital will increase cash flow by around 125k per year and earnings as mjc says above by o.5p whats not to like.directors must be sick as in close period and cant trade at this low level.

[charo] 30/11/2012 09:06

mj at least some shareholders can read.exactly right should have added 4p to share value if not price.

[charo] 30/11/2012 08:57

the shares were placed at the then current price,some shareholders cant read. watch and wait as seasoned shareholders buy back.

[mjcrockett] 30/11/2012 08:54

It is only 9% of the market cap that has been raised and the company will save £250K per year. So, even allowing for the dilution that should increase EPS by about 0.5 pence. News like that ought to put the share price UP not DOWN.

I don't think Market Makers have time to understand all of these little AIM companies these days. They just see a heavily discounted placing and put the bid price near to the placing price - no thought as to the size of the placing or the longer term benefits.

[3800] 30/11/2012 08:36

12.5p placing sends the price down over 20% I know placings like this are the cheapest way for companies as small as this to raise capital but its a big dilution for current shareholders.
3800

[charo] 23/11/2012 13:22

bit of profit taking but price held up well.

[clocktower] 23/11/2012 10:13

Another good start.

[clocktower] 22/11/2012 17:06

Maybe time to raise that target as results should cause a good bounce if as good as it seems they maybe.

[topvest] 21/11/2012 20:24

Yes, points towards things starting to go well here. A nice value play.

[clocktower] 21/11/2012 16:45

Another high and nearer to target today.

[clocktower] 09/11/2012 17:08

Not long before it hit target of 20p at this rate. Good luck tv.

[topvest] 05/11/2012 20:12

Back into profit here for me after today's big rise. Suspect things are going well now; maybe another acquisition or contract wins would be nice.

[topvest] 21/10/2012 21:27

Just about creating distributable reserves so that they can continue paying dividends. A technical restructuring of the balance sheet reserves.

[3800] 21/10/2012 19:47

"Cancellation of Share Premium Account and Capital Redemption Reserve"
could some one please tell me what all that was about, I haven't quite got my head round what it means.
3800

[charo] 03/10/2012 12:38

board restructured,trading improved,acquisition bedded nicely and now balance sheet nicely reconstructed.All in space of 12 months ,,come on jg whats next.market will surely react to somemore positive info.

[topvest] 01/10/2012 16:55

Yes, all looking positive.

[clocktower] 01/10/2012 16:44

Another rise today on the back of that last TS I expect. Based on it, I can see this going much higer towards a target of 20p

[topvest] 29/8/2012 16:36

Just seen the last trading statement and it's good to see that things are back on track. Looks like another aquisition might be forthcoming and again would help give them critical mass.

[charo] 28/8/2012 18:05

agm tmrw .gearing based on accounts and payments around 20%

[oldvic] 28/8/2012 17:55

whens the agm ?