Coral Products Share Discussion Threads

[clocktower] 10/6/2019 13:12

Interesting Story, and I wonder if CRU will be using it:

[clocktower] 31/5/2019 08:15

There you go, more knowledgeable company employees buying. Bearing in mind the number of them that have done so in the last 6 months or so, they must be very confident about investing there savings in the business. The recent buyers are not top dollar earners (after tax) so the size of purchases have been more than reasonable imo.

[aleman] 30/5/2019 10:55

China car sales have been down 15% or so for months and I suspect UK China exports will have been hit disproportionally like Germany (no thanks to Trump). China was about 8% of our export market. Lose 2% of total exports for 6 months and then you have 12% of one months production to lose to get stocks back to normal. Brexit did not cause the poor car sales (and poor house sales and rising credit defaults!) in China, Europe and the rest of the world. The global car market is falling this year. Chinese manufacturers have a capacity (of which 50% is unused as yet) to make over 50m cars per year against global demand of 80m - and they are starting an export push with their much cheaper costs, starting in Asia first. Manufacturers outside China are in for a really tough few years - nothing to do with Brexit.

[clocktower] 30/5/2019 10:06

The BBC puts the blame on Brexit for political reasons - project fear but in truth there is a lot more to it than that. US - China Trade situation fears - cutting back buying due to Government regulation and the move to Electric cars is holding back buyers let alone the price that is being demanded for the Tech Boxes on Wheels.

I am sure you have a strong point there though Aleman.

[aleman] 30/5/2019 10:01

There's a possibility that there would have been auto stock build in March and April that will be released in H1. Higher costs in 2018/19 but lower costs and higher revenue in H1 2019/20. Rereading the RNSs, it sounds quite likely.

[aleman] 30/5/2019 09:48

Thinking about it, we might see a boost in comparatives when there if there are no car plant shutdowns this summer. Since 80% of UK cars are produced for export, it will probably depend on foreign demand.

Could we be headed for a bumper H1, hence all the director buying?

[aleman] 30/5/2019 09:16

I wonder if our automotive downturn was just a Brexisn't blip.

[clocktower] 30/5/2019 08:07

Maybe a bid for the company in a year or two will make them very worthwhile, as I expect the fortunes of Coral to improve over the next 12 months, following the last RNS.

[base7] 30/5/2019 07:44

Encouraging to see an option granted of 100k to a PDMR,who is clearly important to us,but the hurdle is set high @ 16p( relative to our current SP) & she must believe that our share price has the potential to substantially exceed 16p to make the exercise worthwhile.

[clocktower] 29/5/2019 16:18

A very decent buy from the HR Manager - for someone in that position it is showing a lot of faith in the BoD and business imo.

Soon be back on track I expect.

[clocktower] 28/5/2019 14:24

Maybe if they were to get a big order of Totes from Waitrose for the new Enfield delivery depot it would help. :-)

[charo] 28/5/2019 14:13

Will need positive first half to push.

[this_is_me] 28/5/2019 12:42

Seem to be on the way back up again.

[markth126] 22/5/2019 08:44

I've had a dabble with 50k this morning, happy to be back in and back jg again!

[charo] 22/5/2019 08:30

Muted reaction probably deserved as having signalled strong recovery in first half last year fell away in second half.
But core strong handovers always difficult and maybe CEO tried change too much to soon .This year will tell.

[clocktower] 22/5/2019 08:11

Why such negative voices after such a positive RNS beats me, and the director buys are very decent.

[aleman] 22/5/2019 08:00

Overall debt "slightly increased". EBITDA was "much improved". I take it that means debt/EBITDA will have fallen.

[charo] 22/5/2019 07:54

Jg bought interpack tatra rotalac Neiman and GOP.Also instrumental in tote contract and divested and saw group through loss of media business.Auto was a cheap asset purchase,sales basically around 2% of sales.
The group is likely around £30 million sales 95% introduced under him and produced profits under his direction to 2016.He has stepped back and under two subsequent CEO s profits have tumbled.
The group on past performance is well capable of generating £2 mill pre tax but say £1.5 plus depreciation £1.2 mill £2.7 no real financing issues.Maybe we need encourage JG .

[pugugly] 22/5/2019 07:54

base7 - A fair reading (imo) some £11,000 worth - Modest agreed - No idea howver what this represents of their net disposable income - Agreed re placing comment -

[base7] 22/5/2019 07:33

Modest purchases announced today by 3 Directors & while not for large amounts, they are consistent with previous purchase sizes & we have to assume that the buyers consider CRU to be reasonable value @ around 8p & expect to not lose their modest investments.also suggests placing is not iimminent.

[likitorma] 21/5/2019 23:21

It's not only JG not buying, all other directors are not buying either. We all know how debt can take companies out, esp a microcompany like Coral that fails to deliver time and time again, as evidenced by the share price.

[base7] 21/5/2019 23:16

Charo -JG nearly delivered ,but not quite -& I invested initially because of JG.
I recollect that Wood did not was not a fan of Auto,which is why I believe they may bite the bullet & write it off,unless it can be sold (unlikely)

[charo] 21/5/2019 23:14

Net debt in today's accounting cloud means little.
The assets are ignored and so long as EBITDA keeps apace and assets applied only for good income accredditation go for it...
So much accounting today is impractical driven by theory and lacks prudence linked to commerciality.
How else do we arrive at ,patisserie valerie,,and all of today's market screw ups.
I have no doubt jg has no need of placing and perhaps other factors stop buying.