Coral Products Share Discussion Threads

[base7] 03/12/2020 10:28

I recently referred o that exact possibility & the optimistic scenario has Results any day now with a very positive outlook statement , ending the uncertainty & resulting in a decent recovery & possibly re rating of our share price -especially if Miton decide not to create a market overhang , which would be self defeating for them, & exit at a higher price.Their remaining investment here is tiny relative to their portfolio, but they would rather sell for 12/15p, if they believed it possible, than bale for 4p or less.

[clocktower] 03/12/2020 10:18

base7, I would not be a buyer had I been concerned about that, and you will notice that since the share price dropped there has been a steady small flow of medium and small buyers at 4.5p - so as this stock has been of little interest over a very long period of time, it does suggest that there might be word being put around quietly that this is worth a nibble and buyers could see a quick treble.

The delay was flagged early.

[base7] 03/12/2020 09:34

I take your point Clock but it is a concern.Much audit work can be done remotely & is systems based & while the stock take on 30/4 may have been tricky, had attendance been required, there are large numbers of quoted companies with complex & substantial stock ( which isnt the case with CRU) which had to be Audited before their accounts could be signed off & I really cant imagine why the delays have been caused.
BDO are based in Manchester -at least a 45 minute drive to Haydock

[clocktower] 03/12/2020 09:16

base7 if that was the case he would have had to notify the market when they issued the last RNS.

Take a look at the history of CTNA if you want to see how some smart aleck`s operate - shares from 5p funding to more than ten times that in a short time.

[base7] 03/12/2020 09:09

My natural inclination is towards having a half full glass but less so here .I really dont understand why it is taking this long for an audit to be signed off -for a tiny UK company with a small number of UK subsidiaries & a fully qualified FD. I could understand it more if we had a complex structure & overseas subsidiaries in far flung places....but we dont & Audits are completed with monotonous regularity by the dreary types who do them.I just hope that another "black hole" hasnt been discovered & the discussions regarding resolving them are protracted & ongoing & JG is hoping that the improved trading in recent months will continue & compensate for another disaster .Hope I am wrong !

[charo] 02/12/2020 21:48

With recurring ebitda of £2.5 million baner is delusional.

[clocktower] 02/12/2020 19:56

It`s hearting to see all these new posters to this thread, which I can only are here to pick up cheap stock.

I guess this will be overrun with the knockers soon, as as soon as they have traded out will desert and look for the next meal.

Good Luck to them.

[markth126] 02/12/2020 18:26

Thank you.

[clocktower] 02/12/2020 18:20

When the results are announced expect Jan 2021.

They could however post positive statements or notices of big contracts before then or hopefully other good news.

[markth126] 02/12/2020 17:34

When are the board out of close period, any ideas?

[clocktower] 02/12/2020 16:24

Best volume for a while, so it seems its getting to a point where a number of people see a lot of value and are willing to soak up stock on offer. If it drops further I expect we shall see even more buyers flocking to pick up Miton`s stock.

[clocktower] 02/12/2020 14:39

At what price will we see the traders swallowing up whatever stock is on offer?

More buyers already entering the market.

[clocktower] 02/12/2020 14:31

Could still go to the lows only seen many years ago if Miton are dumping or it could just be a few nervous sellers thinking they might be and the likes of dolittle1 waiting to hover up cheap stock. On the other hand the MM might be in on a deal.

[charo] 02/12/2020 14:25

Board in a close period.

[clocktower] 02/12/2020 14:24

We shall see but I will be waiting to buy more if that does occur and so will you I guess or why would you be here. Good Luck.

I see a buyer at 4.48p 😊 Taken it out of the top ten drops.

[dolittle1] 02/12/2020 14:11

Miton still has roughly 14% of shares to sell in this very illiquid company. Noone is willing to buy that off them, so price should keep moving down until Milton are done.
Could see low 2s, if they dump the whole lot.

[dolittle1] 02/12/2020 13:48

4.5p just gone hahaa. 4p bid in trouble soon. In the meantime, ClockTower continues to ramo, ramp, ramp

[clocktower] 02/12/2020 12:07

CRU needs to be quick off the mark as there is now a huge requirement for transport freezer boxes to distribute the vaccines in dry ice around the country.

Maybe they could insulate and attach a good seal to their fox proof food caddy to do this without to much effort.

(just an idea for dolittle1)😊

[base7] 27/11/2020 23:13

JG,PF & our non execs are wealthy guys who together with a couple of pals could easily take out the Milton stake,if they wanted to & considered it to be good value.PF sold his successful business to CRu & JG has been involved at Board level for many years in the management of successful quoted companies (until now).If we are indeed now profitable & the sale & leaseback of Haydock happens (for the second time) we could buy back some of our shares which would reduce the overhang & increase our EPS & boost our share price The company has performed abysmally over recent years but !as I have said previously,if our Results &,most importantly ,outlook Statement are positive,perhaps our share price will be able to recover ahead of Corporate Action which would result in a substantially higher SP-say 10-15p

[clocktower] 27/11/2020 15:07

base7, I think you are assuming that members of the board have the means to purchase Miton's stock (if they do indeed wish to sell it (which seems likely)and unless you know otherwise, I would be surprised if JG had the means to stump up that sort of money, plus bearing in mind his age, I doubt if lenders you stump up the cash as a loan.

I think to some extent he is trapped in the business but is working his way out successfully (judging from the recent RNS), and this time oddly enough.

I think COVID-19 might have thrown up opportunities, hence the jump in T/O and the positive last RNS. Also, Brexit maybe having a good impact as customers may have been looking to source more in the UK rather than in Europe.

However, I do think he should be making every effort to find a home for that large stake, and clear the air and bring further positivity to the stock and current investors, and possible new investors if all goes well, who are likely to be the biggest beneficiary's of a turn around imo.

It is also good to know that Liverpool is on only tier 2 now, as I guess this is beneficial to the nearby businesses.

dolittle1, hangs around I guess just hoping to pick up stock even cheaper if Miton does decide to dump at any price, just to clear the books.

[base7] 27/11/2020 14:31

In fairness to Clocktower, he has invested his hard earned cash & is looking for reasons to be cheerful as virtually impossible to ramp a tiny micro stock like Cru, in an unloved sector & with a very chequered history-apart from a few months a few years ago when our share price nudged 20p - & I should have sold.If Cru can demonstrate profitability, sustain it together with revenues of £25-£30mill our value will be more than £3.5mill & someone will buy us & as JG must be in his mid 70s , I expect he will considering Estate Planning & as much as his shares may avoid IHT , he will be aware that the best chance his Estate have of getting a "decent" price is if he sells it.If he & Board believe in our future they should take the Miton overhang for , say 4p -which they could be a great price if an exit can be achieved at 15p
Should we slip below 4p I will buy more !

[dolittle1] 27/11/2020 10:16

Gearing itself for next leg down.