Coral Products Share Discussion Threads

[atholl91] 24/9/2018 17:30

Ct, I think its in a few trusts run by different managers. Only need to keep the total holding under 800k.

[kirmich] 24/9/2018 15:55

Atholl, i know i only have a small stake, first i want to see a change in cashflow and i want the exceptionals gone. i feel the first indications are there that everything is starting to be going in the right direction, but no certainty by any means.

of course there are risks, didn't think going from exec to non-exec is one, you could also "spin" it as having confidence in the new guy running things.

Curious as to who the seller is, will be looking at the substantial interest in the annual report.

if the numbers and the forward guidance are ok, and the next interim report shows what the trading update is suggesting, normally the share price will take care of itself. if it continues to be overpromise and underdeliver, it won't. being such a small company, it is basically quite simple : if mick wood turns the haydock factory around and the other businesses progress as they do now, then we are going to be ok. if not, we are in trouble.

[clocktower] 24/9/2018 15:51

atholl91 - Do you think the big seller should have informed the market, as they must have reduced their stake by more than 1% by now?

[atholl91] 24/9/2018 15:23

Good on you Kirmich. However you have bought about 4% of what is needed as everytime the stock moves up we have that seller dumping 100k. I think I know the seller and he has a few more million to go. CRU needs a broker with clout or to merge or be taken over. Grimmond & the other Exec both went non-res which shows you what they think of the future under a prospective Labour Economic collective.

[kirmich] 24/9/2018 10:27

The way i see it.

Joe grimmond saw a few years ago he was saddled with a dying business and a big factory which would become useless. What a bonus, we have an executive who actually tries to look into the future and acts upon it.

He then does a capital increase at a good price (nobody else saw it cause numbers were relatively ok and most shareholders don't look any further then the next 10 minutes. Bonus point 2.

He then goes on and buys a few companies, which all turn out to be great purchases at cheap prices. Who can say that? Big bonus point 3. The acquired companies actually keep the company afloat with the heritage business dying.

Does he stop there? no. He want to operationally change the main business and is attracting new type of business and a highflier ceo. Of course changing a complete operation takes time/costs a lot of money (hence depreciation and capital expenditure up) and involves some hickups along the way. Quickly he sees that the ceo is worth nothing (as most ceo's are) and is not what he needs to turn it around operationaly. He fires the guy and thinks, this isn't what i need, i need a top coo (chief operation officer) for my struggling factory and he hires a well respected guy who was in charge of running two factories, august 2017. Major bonus point. Presumably within the first few months, our new coo made such an impression actually doing something about the overhead and the actual operations, that he quickly made him ceo (probably fearing he would leave and a title change from coo to ceo has to be good for his ego).

Summarizing : we have a few acquisitions who are running very well, we have the main factory who completely changed operations with somebody running it who knows what he is doing. We have a chairman who in my opinion saved the company from death (most companies that small with a dying business would have been bankrupt already)with a few remarkable moves. There have been hickups, look at the share price, but extract all the exceptional costs out of the previous reports and then check the market cap. There was the contract and its extension, the trading update more positive than before, with rising sales and rising MARGINS. This could be a nice one. Of course it's a small company, this isn't an advise to buy the shares, just my take, and why i bought shares over the last 2 months.

long, 200.000 shares at around 10,6 pence.

[jeevsje] 21/9/2018 09:37

Some more buys coming in this morning. Looking good for the rest of the day and next week. We know profitability have improved recently, as per last statement. The recent interview was bullish as well, with all the council contract.

[bishan bedi] 20/9/2018 12:58

Having looked at previous years there doesn't seem to be a pattern for results dates.

I was getting a bit concerned as the DS note said August and delays are rarely a good thing, but the price is saying otherwise (I hope)

[clocktower] 20/9/2018 12:48

The Final result last year were on 14.09.17 - so running a bit late - so could come out anytime but I guess early next week is the most likely. Buying in front of them or a leak may have started the run up, as those insiders were buying months ago.

[jeevsje] 20/9/2018 12:12

Expecting this to motor on to mid-teens now. The outlook in the next update will help. Could be a nice turnaround story.

[clocktower] 20/9/2018 11:40

Thank you for your view and charts.Let us hope it heads back up towards the 20`s before to long.

[aleman] 20/9/2018 11:24

Downtrend finished? Golden cross?




Zooming in a bit

[bishan bedi] 11/9/2018 14:16

Can't find one on the website, nor a contact email address!

[e-mail] is the only one I can find, and it doesn't work...

[aleman] 11/9/2018 12:56

I thought listed companies were supposed to have financial reporting calendars on websites these days?

grannyboy - care to elaborate?

[bishan bedi] 11/9/2018 12:51

Do we have a firm date for the results chaps?

Last year 14/09 but i can't find a corporate calendar anywhere...

[grannyboy] 08/9/2018 15:35

HA! Has anyone noticed the times in posts 816/817/818/819?...16:15...16:52...17:46...17:52....Time of my post 15:35!

[clocktower] 08/9/2018 15:22

Results due.

Looking forward to a very positive forward looking statement.

Coral at the RWM Exhibition next week:

[clocktower] 08/8/2018 17:52

fozzie, They are giving switched on long term investors the chance to follow the director buys the chance to top-up or re-invest before the pump and dump herd use any figures to bounce it for a day or two just to turn a quick buck.

MW cannot have spelt it out any more clearly to those that know the business and the company imo, without breaking any market rules.

Haydock is working!!!

Confirmation of repeating large orders!

[clocktower] 08/8/2018 17:46

Thanks charo and the Link Aleman.

Sounds extremely positive. It really seems that MW is the right person running the company.

I was surprised to hear about the volume of local councils that the company is already dealing with, and clearly they have put a package together that will attract even larger councils to place rolling orders.

It is also nice that we have a costing for the new equipment that they company have already committed for the machine, that should be rolling in just a few months now.

[aleman] 08/8/2018 16:52

Yes, it is. Thanks for pointing it out.

[charo] 08/8/2018 16:15

Interesting article in plasticnewseurope.com on coral

[fozzie] 08/8/2018 10:26

I still do not understand why they cannot put some monetary values against these increased sales. Until they do that there will be no uplift in share price surely they realise this.

[clocktower] 08/8/2018 10:23

Maybe topvest has seen the light and bought in today.:-)

[clocktower] 08/8/2018 07:31

Today`s RNS really spells out that Haydock is working, and Mike Wood knows how to get the job done.

Well done MW and the team.

[charo] 07/8/2018 11:45

As said reconcile profit with depreciation and interest all ties up.
Coral have had very high depreciation which has cushioned cash effect of losses.
Allowing for capital repayments and further deposits on plant say 1.4 million and dividend of 0.7p( very mean imo)still leaves free free cash 1.4 million.They don't need this for working cap so easily increase div back to 1p.

[aleman] 07/8/2018 10:04

I've heard back and the £3.4m figure is correct. £2.4m was a writing-up typing error but they are not sure how it got out and will look into it. I asked about the strong rebound and he said, "Well, they had a lot of problems last year and they're just getting back to where they should be."