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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Coral Products Plc | LSE:CRU | London | Ordinary Share | GB0002235736 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.15 | -1.54% | 9.60 | 9.20 | 10.00 | 9.75 | 9.50 | 9.75 | 183,478 | 15:29:57 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Plastics Products, Nec | 35.22M | 1.26M | 0.0141 | 6.81 | 8.56M |
Date | Subject | Author | Discuss |
---|---|---|---|
13/3/2019 08:02 | There are lots of grades of polypropylene but I think saving might be around £1000 per tonne less running costs. I'd guess - and it is just a guess - that might save £700 in purchased prime polypropylene for every hour/tonne that the plant runs? This will be added to next year's forecasts. | aleman | |
13/3/2019 07:52 | If likitorma is a seller you might get them base7 but if I was not so heavily invested here I would also add again. | clocktower | |
13/3/2019 07:44 | One Ton an hour is a lot of plastic to recycle - WOW. I expect the financial guidance will come just before the investor presentation and there will be a build up of good news going towards results. I take it your welling some likitorma or trying to buy more on the cheap. | clocktower | |
13/3/2019 07:37 | Every dog on the street knew the plant was going to open today, hence "no news" announcement this morning. | likitorma | |
13/3/2019 07:33 | I would have thought that having the plant operational would have been enough good news to help the share price move up. They can take in the worn out containers and send back new ones made from the recycled plastic. | this_is_me | |
13/3/2019 07:18 | Recycling plant operational but shame no financial projections. Disappointed, should close in the red due to lack of financial guidance. | likitorma | |
12/3/2019 11:19 | Aleman, They must have a good story to present and are clearly wanting to see the stock more widely held, which in turn should push the share price upwards. | clocktower | |
12/3/2019 11:16 | Thanks, Plenty of activity in the pipeline. Seeing the official opening of the plant is set for tomorrow, one can assume it has been up and running for a little while and now be in a position to start to contribute to earnings/profits 2019/2020. | clocktower | |
12/3/2019 11:15 | The investor show attendance could be significant. I think the shares would be a little higher with more exposure. | aleman | |
12/3/2019 05:56 | Launch still on for the 13th, clocktower Latest tweet from Adrian Waine 11 Mar 2019 Adrian Waine : Industrial Photographer @WaineAdrian Follow Follow @WaineAdrian More This week, the 13th, sees the launch of Coral Products new reprocessing facility where old plastics are regranulated and new products will be manufactured. That's MAGIC ! Some bits of interest "Have forwarded your tweet to a contact and asked them to get in touch with you directly if it's of interest." Coral are exhibiting at the 2019 Global Group UK Investor Show Queen Elizabeth II Conference Centre on the 30th of March 2019 and INTERPLAS 2020 Hall 4, NEC Birmingham B40 1NT, United Kingdom FREE to Attend Your free visitor badge will give you access 500 exhibitors, 2 conference stages and a host of exciting show features | curtain twitcher | |
11/3/2019 12:53 | Thanks for those links Curtain T - interesting - looking forward to the official handover which seems to be scheduled for this week, along maybe with more positive news from Coral. | clocktower | |
11/3/2019 06:26 | "Coral has invested £350,000 in machinery, supplied by an unnamed Yorkshire-based machinery company, to set up the recycling plant at Haydock." Sunday 10 March 2019 Yorkshire firm -Rotajet Systems - at the heart of recycling revolution "Part of that increase in recycling was due to the decision taken by China last year - known as ‘National Sword’ to ban imports of contaminated plastics from Europe. The ban has forced companies across the globe, who traditionally shipped their unwanted plastics to the Far East, to reconsider what to do with them. All of that means the services of Rotajet Systems are in demand. “We’re building machines to recycle the boxes which are used by councils to recycle other waste. So, for example, we have recently supplied a company with a recycling system to take the waste collection boxes which have come to the end of their life cycle and which shreds the boxes in small pieces, which are then washed and made into clean dry granulate, which are then used to make new boxes.” "On the shop floor at their 40,000 sq ft factory, he takes me through the process, which begins with the old, food-stained boxes being placed onto a inclined conveyor, which feeds them into a shredder. The pieces are further ground down, before passing through a series of washers and dryers. What comes out the other end looks like plastic gravel; even the water used in the washing process is recycled. “It’s a close-looped system,” says Colin. “Councils have a drive to recycle, so now instead of getting rid of their old boxes, they can use the dry granulate to make new ones.” “We’re seeing an upturn in recycling, with a major focus in the plastics sectors” says Colin. “There’s an appetite for it, which has come from the ground up and we have the expertise to enable companies to introduce cost effective systems which ultimately help clean up the environment.” Read more at: With over 30 years experience, “Rotajet&rdquo Rotajet Systems are a manufacturer of a range of machinery for recycling films and rigid plastics for contaminated with waste foods and associated raw materials. Rotajet have installed many plastic recycling lines not only in Ireland and the UK, but all over the world. Each plant is producing clean, dry granulated plastic which is being sold for reprocessing. About Us over 30 years experience, “Rotajet&rdquo The majority of the plants Rotajet have installed are for processing plastics that were previously landfilled. To test and assess the suitability of a process and the plastics being produced, by a Rotajet recycling line, we have a have an on-site test facility. Contaminated in feed material can be processed in this line and the processed material can then be tested for suitability for further processing by plastic recycling companies. | curtain twitcher | |
08/3/2019 18:41 | Plenty of woman in the workforce at CRU it seems from the blog but I wonder how many woman are shareholders and even what percentage of Coral`s workforce are female - in addition do they get equal pay or is that in favour of men? | clocktower | |
08/3/2019 09:12 | Bid for RPC at £3.3bn for £590m EBITDA and £1.1bn debt, so effectively about 7.5 times debt-free. Again, compare to CRU's 4.7 times after adjusting for debt, probably set to fall next year on higher EBITDA and lower debt. | aleman | |
07/3/2019 15:17 | Agreed Aleman but if you even added 30% to the company value at this time you would still only be looking at around £13 million or around 15/16p a share - so plenty of upside to come this year let alone next. I also noticed that over the past weeks there have been a few decent sized buys as well, so there is likely to be a very big jump with so little free floating stock around imo upon more good news. Not long to wait now. | clocktower | |
07/3/2019 14:35 | clocktower 7 Mar '19 - 14:00 - 1046 of 1047 Did you notice how much was paid for the plastics division of Smith`s? 9.8 x EBITDA from memory. That would value CRU at £27m if you knock off £6m debt on a broker forecast of £3.4m for the year about to end. It does make CRU look very cheap but I decided it might not be comparable, though. | aleman | |
07/3/2019 14:00 | We can also look forward to the dividend being paid on 28 March as well - I think the company is buzzing and we will get a stream of good news on top of what you are suggesting is likely to occur. Very healthy times ahead I expect, for those that are looking for growth in the share price and growth in dividends once again. Did you notice how much was paid for the plastics division of Smith`s? I think it was about £450 million. My target share price for next year is 25p. It would be great if they would live stream the formal opening of the plant on You Tube. | clocktower | |
07/3/2019 12:32 | Good spot, Clocktower. Thanks. March 13th it is then. I still reckon this will be a ceremonial opening where the keys are handed over in front of supplier and customer technicians, local officials/dignitarie I don't expect any significant contribution to this years margins but I think margin should be enhanced next year and the recycling mantra should help on the sales side, too. | aleman | |
07/3/2019 08:06 | So now we know the re-cycling plant opens next week - I expect that means the official hand-over, which we can assume has already been running, as it was being handed over on a turnkey basis: From Waine`s twitter account.Note his comments, as he produced the photos fot Coral`s new brochure. "Adrian Waine : Industrial Photographer @WaineAdrian Mar 5 More Granulation is on its way. Coral Products' new plastic reprocessing plan launces next week. The aim is to create granulate from which new products can be made. Anyone wanting to get rid of waste plastics then please call them. This company is expanding" I expect the share price will jump next week if we get the expected RNS | clocktower | |
06/3/2019 10:36 | Aleman, thanks for that link - the falling price of polymer should be good for CRU at the moment with large orders to fill. Should get news from CRU very soon as well, that is hopefully even above expectations. | clocktower | |
04/3/2019 20:21 | Lack of demand and lower oil price mean polymer prices in Europe continue to fall, despite UK stockpiling. | aleman | |
01/3/2019 16:01 | Adrian Waine : Industrial Photographer @WaineAdrian Follow Follow @WaineAdrian More Coral Products will be opening their new recycling facility during March. Old plastic products will be transformed into new useful ones. Nothing will be wasted. Here's their new promotional folder / brochure. Keep your eye on them, lots happening there. | clocktower | |
26/2/2019 18:10 | Todays confirmation of discussions between Ocado & M & S could be good news for little CRU as Ocado will need to increase their order for totes. All quiet on the recycling plant front but we will hopefully hear ,any day now, that the plant is fully operationally & working at full capacity.A bit early for a trading update but if the news so far this year is positive LG & MW may want to beat the drum & try to instill much needed confidence here-particularly if they have any bolt on acquisitions targeted | base7 |
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