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CRU Coral Products Plc

10.70
-0.05 (-0.47%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -0.05 -0.47% 10.70 10.40 11.00 10.75 10.50 10.75 107,017 16:11:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Plastics Products, Nec 35.22M 1.26M 0.0141 7.59 9.54M
Coral Products Plc is listed in the Plastics Products sector of the London Stock Exchange with ticker CRU. The last closing price for Coral Products was 10.75p. Over the last year, Coral Products shares have traded in a share price range of 10.50p to 17.90p.

Coral Products currently has 89,168,957 shares in issue. The market capitalisation of Coral Products is £9.54 million. Coral Products has a price to earnings ratio (PE ratio) of 7.59.

Coral Products Share Discussion Threads

Showing 2151 to 2174 of 4075 messages
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DateSubjectAuthorDiscuss
16/6/2020
18:22
Big investment from Chelverton. Sounds like a partial buyout of some description to me. They like management to leave some skin in game too! Time will tell
markth126
16/6/2020
17:49
Maybe Haydocks been sold at a good premium.
clocktower
16/6/2020
17:30
Most exciting news for years & interesting to see who sold ?
base7
16/6/2020
08:35
It's possible CRU might actually be doing well at the moment. Demand for all sorts of pump and trigger disinfectant and cleaning products will still be very strong. Warehouse tote demand will be strong and recycling bins should be at least steady, with a new model just on the market. Then there is the possibility that UK buyers are trying to find more UK suppliers to remove dependency on China, polymer prices have fallen, and the recyling plant has increased its output.
aleman
16/6/2020
08:24
1,000,000 transaction???
markth126
11/6/2020
22:10
Is this an opportunity and the cause of the recent tick up? There couldn't possibly be any insider dealing could there - that would be illegal!?

Ocado (OCDO) will raise £1bn in a bid to seize upon the recent surge in online grocery sales. The online grocer believes that its global target markets for its Ocado Solutions business could be worth around £2.8 trillion.


Ocado observed last night that the shift towards more online food sales may require quicker growth in fulfilment capacity, necessitating a fundraising that it will use to invest in its own operations and support its Ocado Solutions outfit, with which it partners with leading grocers across the world. Its nine partners have combined annual global sales of £210bn.

Ocado retail sales were up 40 per cent in its second quarter to 6 May. It said that 90 per cent of surveyed US shoppers who bought groceries online in March will continue to do so, while an average of 47 per cent of existing European shoppers who have increased their online shopping during the coronavirus pandemic will continue this trend once it is concluded.

Ocado raised £657m via a share placing and retail offer, and will collect a further £350m via the issuance of convertible bonds, leaving the group with cash and cash equivalents of £2.2bn.

this_is_me
11/6/2020
14:03
No not a close period unless board have price sensitive info not disclosed.
charo
11/6/2020
12:58
It maybe only 40,000 shares but it is another positive in these CV-19 times.



Is this not a closed period though, as we await year end figures?

clocktower
11/6/2020
09:58
The increase in buys recently, may have something to do with Ocado`s success, as they may be needing a lot more totes if they build more distribution centres to cope with the possible big increase in M&S business.

Looking forward to the next update from JG, as the country gets back to work.

UK businesses are also now more likely to be looking to source supplies closer to home, and even the motor industry might turn to CRU, to protect their supply chain, as they are also going to be building a lot less cars for some time to come imo.

clocktower
10/6/2020
09:12
Seems that there has been a bit of bottom fishing going on. Maybe the production of the MBRS is ramping up and even more orders starting to flow.

Has anyone seen it on the streets yet, as it was scheduled or should I say re-scheduled from early in the year to May - so by now I would have thought a couple of councils may have started to get them out on the streets, as re-cycling has started once again in some locations.

clocktower
18/5/2020
14:39
Thanks Aleman for the info.

What CRU was pinning its hopes on was the MBRS for which they said they had received a number of orders and expected to commence production (which was already delayed) in May - I wonder where they are with these council orders and if many councils will be wanting to increase the amount of recycling at present, and will they have the budgets to start to roll out these things?

Hopefully, there will be an update before to long that includes a lot of information about the recycling plant and the MBRS. With the drop in the price of Oil, recycling is less attractive but if the regulations are enforced a lot of businesses will have to make sure that what they are buying includes a lot of recycled material.

clocktower
18/5/2020
10:03
I'm not saying CRU cannot make them but clear plastic screens are usually acrylic where CRU specialise in polyethylene, polyproplylene and polyester, I believe.
aleman
15/5/2020
10:24
Selling the property will also make it more attractive to a buyer like MACF at the point of recovery. I think you will see further support before very long.

Property is no longer the asset it once was but I expect the company will wish to lease it back at a high rental to obtain the highest price for the site. I see many advantages by selling the site, and while I am not a big fan of JG, this time I think he is making the right move.

I notice there is a shortage of plastic clear screens - can CRU not make these?

They might come out of this with a fresh outlook and sense of purpose, as often it is events like this that lead to a re-think.

One can see Global Pak have been off the mark already with a big increase in sales.

clocktower
15/5/2020
08:20
There can be no conditions relating to existing securities for CBIL.If you calculate the existing finance leases repaymenrs around 1 mill pa this year falling to 700k year 2 and less than 500k year 3 then CBIL can be repaid virtually out of reduced cap over term.
Property sale would only be needed for capital purposes if company can get back into growth mode.
What company has ensured us it will be around and if JG can find an entrepreneurial replacement can move forward.

charo
14/5/2020
18:22
valuschmalu: Agreed with your 1621 - Could be interpreted as a last desperate throw of the dice - However could possilby depend on the interest rate on the bank loan -v- the lease back rent - both of which are allowed as expenses - Howeer the site should be an appreciating asset where as the lease is a depreciating one. So on balance a negative move - (imo) No wonder sellers about.
pugugly
14/5/2020
17:18
Topped up with another 135k today as think good recovery play and CBILs loan will definitely shore working capital up for a good while and cheap money! Well done joe
markth126
14/5/2020
16:33
Not delighted they will be selling haydock factory but this is what they did during GFC and then they bought it back cheaper. Any landlord is going to charge £300k+
rent at least for the credit risk they are taking on here. Much higher than the mortgage interest currently being paid. Needs must I guess but all you are doing is shifting your borrowing from the bank to the landlord. Maybe it was a condition of getting the emergency Barclays loan despite what they said about thinking about this pre covid

valuschmalu
14/5/2020
13:20
The small loss was forecast six months ago, so nothing changed there to justify the selling but I guess some just want to move on,based on the projections in respect of percentages expected.

Still, maybe GJ will soon dig a bit deeper than he did last time he put his hand in his pocket to buy a pocket sized amount of stock - this time it would be good to see him pick up a million or so.

It is disappointing they did not mention the re-cycling plant in the RNS.

clocktower
14/5/2020
12:42
Yes charo - surprised to see a seller - In the circumstances they have done a grand job and are well placed to see a recovery within four or five months at worst imo.

Good to hear of big increases in orders at this early stage for products imported from China at I expect greatly reduced prices, that clearly appeared very attractive to customers.

Good deal with the bank as well. I wonder what the property will go for but it will be based on what CRU are willing to pay in rent.

clocktower
14/5/2020
09:01
GREAT NEWS.
charo
07/4/2020
14:24
Worth considering this side of the business.
clocktower
07/4/2020
13:45
sitrep - Thank you for your input, in my post of 1613 I never mentioned face masks but suggested there maybe other items that MIGHT be in demand by the NHS that CRU could make, maybe you can help with that one - it was only mentioned as a discussion point.

Turning to Ocado, I am sure your correct but are Ocado not increasing the capacity by opening new warehouses - not only because of this crisis but because of the deal done with M&S, so my guess is that they would need more of the standard totes - again maybe on that one you have more knowledge than I.

Pumps - agreed but they do turn out a lot of other containers for many items sold in supermarket, not all needing pumps.

I think we will need warmer weather for any meaningful increase in ice cream tubs😎.

Still the last RNS gave me greater confidence in respect of the 70% of goods supplied. 👍

clocktower
07/4/2020
13:27
CT, lets look at this. Coral does not, is not and cannot make face masks of any kind. On the Ocado totes, a fulfilment centre uses a fixed number of totes regardless of volume so no extra sales there, the pumps are not made by coral but imported from China - this could be positive assuming they can get inventory! On the up side maybe people are buying more ice cream??
sitrep
03/4/2020
16:34
Yes Clocktower. A message I think - telegraphed!
temelco
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