Coral Products Share Discussion Threads

[aleman] 15/7/2020 10:05

I've no idea, clocktower. I'm not bothering to get so detailed. Just pointing out a big customer is very busy. The other online warehouse/distribution depots will be, too, plus demand for pump and trigger spray bottles should be very strong. CRU could be doing very well or not. We just don't know without news. (The company only told us about April, which was very disrupted, and is clearly now out of date.)

[clocktower] 15/7/2020 09:07

Aleman, Do you know if Ocado`s Andover Warehouse has been rebuilt yet or what other new ones are due to come on stream and likely to be in need of huge numbers of Totes - hopefully still coming from CRU.

We have not had a squeak out of Coral for a very long time about Tote production.

[aleman] 14/7/2020 12:56

Ocado turnover up 27% in H1. Must be good for business.

[jimmyloser] 11/7/2020 16:07

Charo
Thank you for a businessman’s perspective

[charo] 11/7/2020 15:46

If you understood accounts the board has very small holdings and dividends with possible exception of JG not in any regard material,your criticism is BS.If balance sheet is credible then selling freehold at haydock reduces debt by £1.7 mill and depending on proceeds cash profit of £800k to £1mill.
In the five years from 2012/ 17 JG transformed Coral from a loss making dead duck to a thriving profitable cash generating dividend payer.
I remember critics then saying JG needed to go and pass on baton,which he did .
We should understand JG does not need Coral but perhaps Coral needs him.
He will see this through .

[sitrep] 11/7/2020 09:02

Why would JG stop the dividend when he and his board cronies enjoy the income?? The reality is JG hasn't run a good business for many years and is well past his best, the board are just incompetent - same bunch except CEO who can't wash his hands without permission. The CEO does not run this business, JG does and always has and this is the problem. The company is selling off its main asset for what - because it doesn't have a pot to p in, burning cash (never has any) and is highly leveraged. Needs a massive restructure and pathetic board replacing entirely,

[charo] 08/7/2020 18:54

As to dividends I voted in favour i take it you didn't and didn't cash cheques.

[clocktower] 08/7/2020 17:43

charo, I am not worried and neither should any other investor should be, as we have been here before and I expect CRU with JG`s helping hand will get CRU out the hole that others have helped dig but JG could clue up when it comes to stakeholder news through social media. He has never been the best communicator but of late he is the worst, which results in the sort of performance of the share price currently.

The first errors were paying dividends, rather than cutting debt, the second was getting into the auto business, along with some of the people that have been hired while he was day dreaming in Spain I believe (correct me if I am wrong).

Took his bum off the chair and lounged in the sun, now its costing us and him - plonker!

In the past he dug deep at these times but maybe he is tight for cash as well now, and his pension(CRU stock) has been blown but then again, unless he lives to 100 I guess he is not concerned, as I guess he has already purchased his coffin.⚰

[charo] 08/7/2020 09:47

Only need worry if JG starts selling small lots.

[clocktower] 07/7/2020 16:52

100k seller still dropping them off - and it cannot be the MD of the sub as he only had 123k odd according to the company website.

[clocktower] 07/7/2020 10:29

Many firms are finding that they can manage with less top weight, as they no longer have a need to have personal available going to expensive shows to promote the products and business. The days of these show organisers picking up £10- £100k for a few days at the likes of the NEC are well and truly over. Better with fresh young blood that knows how to use the tools of the day to market the business.

Making better use of social media, video calls etc. to buyers rather than turning up with four or five employees or a lot more, that have a whale of a time during those shows at company expense, partying and more in some cases (I remember them well)😉.

Better off with direct marketing or even sending free samples to major buyers than thinking your going to pick up huge orders from those old jolly`s.

The lock down has proved that you need a different approach, and most of all it is providing the right goods at the right time and being able to turn on a sixpence when the opportunity occurs.

Hopefully, Ocado are still ordering large numbers of totes, as they have raised more funds to expand warehouses, and the new products are now in production (multi purpose bin, roof tiles etc).

[charo] 06/7/2020 19:44

The CEO is still very much in charge.It was a change at one subsidiary and no rns required.

[valuschmalu] 06/7/2020 18:47

Back to Coral but if the CEO had been tinned then shouldn't there have been a RNS?

[clocktower] 06/7/2020 17:08

Very happy stakeholders then I guess charo.🤣315;

[charo] 06/7/2020 15:35

Slight problems relating to carrying values,intercompany indebtedness,revenue recognition and stock and wip valuations, oh and FCA involved.

[temelco] 06/7/2020 14:43

... and so did Patisserie Valerie, Aleman.....

[aleman] 06/7/2020 14:29

I'm just reading the 10 pages of cautious auditors' comment in TXH's report. It has operating cashflows and a strong balance sheet that suggests the shares are cheap. There's just the slight problem that the new auditor is struggling to say they are true and fair!

[charo] 06/7/2020 13:33

For a shocking read try tex holdings plc .Then thanks to our chair and board.

[charo] 06/7/2020 13:32

Update 7 weeks ago.Would hope that next update would report on quarter to 31st July.

[clocktower] 06/7/2020 13:11

Just wisely cutting the WOOD to see the trees - to many cooks in the recent past as JG failed to get a handle on the sales side - lack of concise decision making has been the problem.

"Pending
National Account Manager

Coral Products (Mouldings) Ltd

National Account Management Team

For any other enquiries regarding trade moulding or new innovation please contact [e-mail] "

Not before time that JG updated PI`s and the market on the current overall picture.

[charo] 04/7/2020 20:04

Sitrep interesting that you claim losing money and burning cash and selling site for buttons.
The book value is £2.5 mill (cost £1.8) and jg has bought and sold sites throughout his career.He will know value.
Trading statements been positive and if any material deterioration would need update.
Contrary to your comments the company gives off an air of confidence . The strength demonstrated in making a management change in a subsidiary shows Chairman still demanding maximum performance.