Coral Products Share Discussion Threads

[likitorma] 21/5/2019 22:00

Problem is that we won't see the results of the investment overnight. They have clearly indicated that the debt has gone up and i feel that the level is quite uncomfortable now. I think they will need to address it and this also offers a chance to the management team to buy in at a reduced price.

[base7] 21/5/2019 21:42

Debt will have increased & our Balance Sheet weakened,possibly more so by any provisions which may be made to write off or down any assets purchased -particularly if a pragmatic decision is made to exit our underperforming Auto division.
Business appears to have stabilised ,a trend which will hopefully continue,particularly if our new products prove to be popular.Our weak pound could result in more tote orders to our new French customer .
I am not particularly optimistic but the fact of my shareholding causes me to look for positives.Perhaps JG will find a buyer to enable a graceful exit for all of us

[likitorma] 21/5/2019 20:52

Debt has gone up and balance sheet looks very weak, at best. I reckon they may need a placing soon. That may explain lack of directors' buys.

[aleman] 20/5/2019 19:25

So many things wrong in Europe that it is hard to see it not imploding. Watch Deutsche Bank shares. They are an alarm bell. Deutsche just hit a new low and could take Europe down. Government and ECB have had 10 years to sort it out but don't seem to have done anything. Maybe they have a hidden plan for when the run and contagion starts.

[clocktower] 20/5/2019 17:05

My Alzheimer`s may have kicked in by the time we get the facts Aleman, as I doubt I`ll remember your wager. However, I really hope you are correct as I am still well underwater with the balance of I my holding. I should be adding again but having been caught with my pants down when the previous RNS was issued, my faith in the CFO and the Team has been damaged.

At least we have been let out of Coventry now. Thanks for the updated, it was most welcome.

At least the state of the GBP is having a great effect on CRU export orders - there is a silver lining in seeing the Pound on its knees - Roll on Brexit as the UK can deal with the fallout imo, and prosper.

With Italy in real financial trouble the Euro could yet really crash. Let us hope that our BoD have hedged the funds at the current rate - as the GBP could soar at any time.

[clocktower] 20/5/2019 17:05

; double post error

[aleman] 20/5/2019 14:00

Would an 8% rise from £879k to £950k be "a marked improvement" or "much improved"? Maybe, I suppose, but I'd have flagged that as a modest improvement, or even a slight one, and let the market expect about 5% to be pleasantly surprised by 8%. I'll be surprised if it's less than +10%. For a bit of fun, I'll concede you win if it less than £980k. Fair enough? :-)

Of course, as you highlight, the most important thing will be the outlook for H1. Things look to have bounced back quickly. It would be nice to see that sustained. Just what do they "believe will be increased market demand"?

[clocktower] 20/5/2019 12:11

"So underlying operating profit of £1m+ and EPS 1p, perhaps, and underlying EBITDA of £2.3m+?" The figures you posted are just a fraction higher than I would have estimated, seeing what they had to say - Operating Profit just around £950k at best.

So it all hangs on the H1 2019 to see if things perk up and profitable orders pile high, now the plant is up and running and must have spare capacity.

To get a French order for Totes is a real boost imo.

[aleman] 20/5/2019 09:22

I'll bet there was a few things they were unsure of when the tote deliveries were delayed. The recycling savings were estimated and roof tiles were probably being made (costs) but not yet delivered (revenues) and also would not have known margins in practice yet. I guess the totes have been delivered and recyling is working out and maybe they got some tile deliveries away before year-end. More news on automotive might have been useful but it's great just to see the sudden worries of two months ago not turn out too bad. It looks like debt/EBITDA will be just over 3 (?) and likely to be down on last year still. Whether or not there is a final dividend will depend on how confident they are that they are over the recent hiccup. I would not anticipate one myself but an indication of hopes that debt might fall further and they might pay at least another 0.25p next year would be welcomed - but maybe I'm getting ahead of things. Who knows which way the finals' outlook statement will swing?

[clocktower] 20/5/2019 08:27

Looking at the statement again, I was wondering if the re-cycling plant was a factor that had not been taken into account, in such a positive way previously. As the plant was really only in full swing in March and April.

I think it could have a much better impact in 2019/2020 so things may start to look up as customers swing to a revolving purchasing model with plastic containers.

[clocktower] 20/5/2019 07:50

Well that is far better than expected and as far as the order for Totes from France, that will cushion the effects of the Fire at Ocado`s Hanover Warehouse/

It seems the roof tiles are also in full production, so I guess that will be a slow start but we could see some bigger orders rolling in once they catch on.

Bearing in mind the figures are still going to be ahead of 2017/2018 - that is a very positive statement on its own.

Now we might see some more director buying, as they will no longer be closed.

[aleman] 20/5/2019 07:49

Sales, operating profit (actual and underlying) and EBITDA were much improved on:

2018

Group revenue 23,405,000
Operating (loss)/profit (186,000)
Gross Margin 34.6%
Underlying operating profit * 879,000
Profit for the year before taxation (497,000)
Underlying profit for the year
before taxation* 568,000
Underlying EBITDA* 2,091,000
Underlying earnings per share
* 0.84p

So underlying operating profit of £1m+ and EPS 1p, perhaps, and underlying EBITDA of £2.3m+?

[molatovkid] 20/5/2019 07:45

Bizarre...doesn't look like the management know what is going on.

On one hand they say ' the variance from market expectation, while still material, will not be as significant as previously expected.'

Then a few lines later

'The outcome for the year to 30 April 2019 as per our as yet unaudited management accounts indicates a marked improvement over the previous year's results. Sales, Operating Profit, (underlying and actual) and EBITDA were much improved. Gross margins also improved despite difficult trading conditions. '

Confusing but a positive sign for holders

[pugugly] 20/5/2019 07:10

Damage limitation -


Should be good for a significant marke-up this morning by MM's and possibly a widening spread - Only worry could be totes for France being hit by BREXIT risks- (All imo dyor etc)

[clocktower] 17/5/2019 09:09

22/23 May you can meet them in Coventry - I think they have "sent all the companies shareholders to Coventry." In other words, deliberately ostracised.

[clocktower] 15/5/2019 14:59

Bit of a two way street but it seems to me someone is happy to build a decent stake at around 7p.

Still awaiting news from CRU - maybe a few customers of Coral might have an insight as to how thing are progressing.

[clocktower] 13/5/2019 16:10

Nice chunky but today.

[charo] 11/5/2019 21:39

Think need wait till end.

[valuschmalu] 11/5/2019 13:40

actually i would liken being long in Coral to a series of Line of Duty: lots of twists and turns, some dead ends, some bits that make sense but ultimately a unsatisfactory ending.

[base7] 11/5/2019 00:04

JG couldn't sell 5.5 mill to anyone other than a bidder & any if us would struggle to sell 25k without our share price being marked down

[charo] 10/5/2019 23:24

You are somewhat dim.
Lego is a branded product highly specialised.solid little air but completely different space.not comparable .
Do Lego put every employee on every web site on every box with personal info.
Just say you don't like coral or its product or its management and sell.

[charo] 10/5/2019 21:44

Pictures I believe on web.coral also say export not their markets transport cost make uncompetitive.
Also wont expand through acquisition abroad until secure at home.
Do your research .
Old fart may surprise us yet.

[charo] 10/5/2019 21:27

Pictures I believe on web.coral also say export not their markets transport cost make uncompetitive.
Also wont expand through acquisition abroad until secure at home.
Do your research .
Old fart may surprise us yet.