Coral Products Share Discussion Threads

[temelco] 06/1/2018 12:19

Clocktower - check out the website now. It also mentions Haydock as being 100,000 square feet. keep making the suggestions - you never know, JG might take them up!!

[clocktower] 05/1/2018 08:48

Can anyone provide any info on the Haydock site - how large is it?
Is there space to undertake recycling of plastics?

Recycling of plastic could represent a huge opportunity for Coral now that China is not importing the amount of plastic waste - not only could the company clean up some of the waste but put it to good use with production on site from the waste.

[clocktower] 04/1/2018 09:59

valuschmalu, I agree with most of what you are saying, and I would add that the company website is extremely poor - It really does not show clearly the wide variety of products that the company produce. The website is very amateurish and does nothing for the business imo. In fact it might even put some customers off from dealing with the company.

I would however not change the name of the company as re-branding costs money and comes without proven returns.

JG needs to focus more on Coral as the Brand imo.

Coral Solutions plc - "The reputable packaging and mouldings company to turn too"



Not the mishmash it currently is, and show all products on the one website but contact the various business when you click on any product. A central contact should be clear to anyone wanting to develop or obtain quotes for new products as well.

Come on JG you need fresh blood.

[topvest] 04/1/2018 09:23

Always seems to be a step forward and then a step backwards here. It's a low quality business or certainly has been.

[valhamos] 03/1/2018 21:13

Why is April/October more annoying than December/June? If every company had a December year end that would really annoy me.

[valuschmalu] 03/1/2018 20:14

They should change the year end to December. April/October is annoying.

Whilst I'm against pointless rebrandings which are generally a waste of money, I wouldn't be averse to a name change just to make a complete break with the past. Its a completely different company to what it was 10 years ago.

I'm also surprised by the share price weakness given the trading statement. Wondering whether there has been margin pressure from higher input prices. Oh well, we'll find out soon enough

[clocktower] 03/1/2018 16:52

Oldvic, not if the Half Year Report is due any day.

Half Year was 31.10.17 so while it could come anytime soon, we could be waiting a while yet. The sooner it comes the better as we might see if there has been insider selling taking place over a period of a few months, if they are not as good as the last TS would have on believe.

[valhamos] 03/1/2018 16:31

Half Year report expected any day now.

[oldvic] 03/1/2018 15:42

he may have already today

[clocktower] 03/1/2018 15:13

So the share price is heading for a double bottom, even though the last TS was very positive. Is this due to the concerns about plastic or is something else driving the share price down?

Last year I seem to recall the company provided an update towards the end of Jan - so if the positives have continued, I expect this could bounce upwards towards 20p on release of any further good news - so maybe a buying opportunity. JG might even buy a wack again soon.

[clocktower] 11/10/2017 12:14

That is a great statement at the AGM from JG today, it seems like he has growth back in place with the order book clearly growing again. Let us hope he stays in charge and does not employ another duffer in his place.

[temelco] 15/9/2017 10:05

I like that Charo

[charo] 15/9/2017 08:43

Gearing up allinvested in plant ebitda shows free cash after divs and tax sufficient to down debt around 1 million per year
Actually gross margins very healthy. The open admission of problems at haydock earlier this year and the forceful action gives hope of return to greater profitability current year.The very high depreciation charge is a big cash cushion.

[topvest] 14/9/2017 21:02

Always tempted on this one, but will stay away. Lots of capital expenditure. Low margins. High debt. Continuing problems. Two words sum it up...."poor business"!

[valhamos] 14/9/2017 15:53

Good to see the increase in sales in the year reported and that "Coral anticipate significant sales growth over the current financial year" with an amount £4.5m specified. Today's report confirms my comment in 584 that the problems were to do with being able to handle the increased production volumes efficiently rather than any issue with demand or lack of it.

[valhamos] 14/9/2017 15:39

Not sure what the fall was about earlier today - the problems at Haydock were flagged up some time ago and today's results were if anything better than some were expecting judging by comments here earlier in the year.

Pugugly - raw material plastic; "stock" also as in "feedstock"

[pugugly] 14/9/2017 09:17

Digging into the accounts
"The continuing fall in the relative value of sterling against the dollar and the euro, together with the prevailing uncertainty, could have a negative effect on our business particularly due to the Group purchasing a large proportion of stock items in these currencies. We are taking steps across the Group to mitigate these, particularly in recovering increased input costs because of sterling's decline. "

Unquantified but I thought they were moulders - so are they just talking raw plastic or something else ??

[this_is_me] 14/9/2017 07:48

Still making a profit despite the problems at the Haydock site caused by rapid expansion. We knew about the problems anyway.

[pugugly] 14/9/2017 07:27

Accounts out - Not happy reading -



"the poor performance of Coral Products Mouldings led to a reduced underlying profit of £1.1m (2016: £1.6m)".

[sharw] 10/8/2017 13:52

You can find the answer here:

[temelco] 10/8/2017 13:07

Aren't some results due about now??

[charo] 08/6/2017 09:42

clocktower
the loss referred to is for the subsidiary the group is still expected to meet profit expectations as revised.

[valhamos] 08/6/2017 09:16

"Do not forget the revised expectations remain leaving the company with a loss." ????

Unfortunately I do not know what the "market's revised expectations" are but it is perhaps worth pointing out that an underlying profit is expected. CRU was profitable despite the losses at Mouldings:

RNS 27.0.17

"Overall Coral remains profitable, cash generative and with a strong asset base"

so with the recovery at Mouldings since the January statement it is good to know that group profitability has further improved.

[clocktower] 08/6/2017 08:29

temelco - Do not forget the revised expectations remain leaving the company with a loss. So the share price has been running away from the facts it seems to me.

Maybe JG is about to raise another pile of cash to cover those losses and is trying to get the share price up while insiders prepare to stump up more cash at the expense of PI`s who may have jumped on the last couple of better news RNS.


RNS> 08.06.17
"Overall, the Board is pleased to report that Group underlying profit for the year (defined as operating profit before share option and intangibles amortisation charges and also compensation for loss of office) is expected to be in line with the Board's and market's revised expectations."

RNS: 27.01.17

"Immediate steps have been taken to improve performance at Mouldings and losses are expected to be reduced from January 2017 onwards although a loss is forecast for the financial year to 30 April 2017."

[temelco] 08/6/2017 08:10

Hmmm interesting. I suspect recent rise has prompted statement. If your price rises more than 3% you have to explain to LSE