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 Shares Traded Last Trade
  0.00 0.0% 9.75 154,572 08:00:27
Bid Price Offer Price High Price Low Price Open Price
9.00 10.50 9.75 9.125 9.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 22.32 -0.82 -0.99 8
Last Trade Time Trade Type Trade Size Trade Price Currency
12:00:13 O 6,572 9.45 GBX

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Coral Products (CRU) Discussions and Chat

Coral Products (CRU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-22 12:00:149.456,572621.05O
2021-01-22 09:39:2710.4048,0004,992.00O
2021-01-22 09:24:079.45100,0009,450.00O
View all Coral Products trades in real-time

Coral Products (CRU) Top Chat Posts

Coral Products Daily Update: Coral Products Plc is listed in the General Industrials sector of the London Stock Exchange with ticker CRU. The last closing price for Coral Products was 9.75p.
Coral Products Plc has a 4 week average price of 8.63p and a 12 week average price of 4.25p.
The 1 year high share price is 11.45p while the 1 year low share price is currently 4.15p.
There are currently 82,614,865 shares in issue and the average daily traded volume is 278,716 shares. The market capitalisation of Coral Products Plc is £8,054,949.34.
clocktower: When you look at the deal that JG struck, I find it a little surprising that the buyer just did not make an offer for the whole shareholding of CRU bearing in mind how low the share price was and the fact that Miton were a seller at the time.
base7: I have fairly large holding & am delighted at the recent disposal & subsequent doubling in our share price I am not sure how any longer term investor here could possibly consider that JGs investment record has been positive in respect of CRU. In 2016 our share price was consistently over 20p & we are now discussing the possibility of our exit achieving 20p-so I am unsure how that could viewed to be a good outcome after 5 years.I appreciate that recent investors buying at 4-5p should achieve an excellent return.
base7: Either way I stand by 15-20p with a possible premium if a company can be found to reverse into CRU & use it as a vehicle.If capital is returned to shareholders ,which seems most likely ,retaining shares in a ‘new ‘ company could be an exciting option ,depending on how much cash is returned & therefore the effective ‘cost ‘ of retaining an investment in CRU.All speculation for now but more should be revealed next year & for the first time in years CRU has become an interesting investment with the potential for a decent outcome from our investment here
valuschmalu: I see this as high teens min. Property covenant is much improved following the acquisition plus I'm pretty sure it was built in late 90s so I see this as more like £4m+. There is c£4m net cash on balance sheet and value of remaining companies including working capital is c£7m+. Add that all up and you get to high teens share price on sum of parts basis. I expect the share price to trade up to that level but pace will be dictated by how quickly Miton need to sell their remaining holding. Could move much more quickly if it gets tipped by IC or something similar. These are the kinds of situations Simon Thompson likes to tip
timbo003: So my best guess: share price will open up at about 10p and finish the seesion at around 12p
this_is_me: Of course the recent massive jump in the share price couldn't possibly be due to insider trading could it?! That would be illegal and due to court cases being almost non existent must, of course, be something that almost never happens!!
base7: 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
base7: 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 !
base7: If I owned 14/15% of any company & I was unhappy with my investment I would certainly be doeSling with the CEO /Chairman in order before making a sell decision ,in the hope that they would’ve able to convince of sound reasons to retain my investment ,& I have spoken with CEO s of companies where my holding is insignificant .Even if Miton considered their investment in CRU to be surplus to requirement I would still expect t he emailed to want the best price they could get .Perhaps they did just want to offload a couple of million shares but my gut tells me they just want out & nothing JG/MW could tell them would keep them interested . The question to consider now is whether Mitons (possible)desire to exit, @ virtually any price ,will throw up a buying opportunity as our share price slips back while there is such a large overhang .If we can produce annual revenues circa £30mill with profits of £1.5-£2.0 mill & no more short term ‘banana skins’,a value of £3-£4mill may prove to be a bargain & a competitor maybe keen to buy us for 12-15p,still only £12-£15mill. Very little interest in CRU other than by a handful of PIs here -yet JG (with almost 9%)will be 73 next & it is hardly a passive investment for him with a value of only around £300k ,if he could get that currently .I presume he is a financially very comfortable chap & if I was him (or advising him )I would be suggesting that he planned /engineered an exit .If course if business remains good I would expect Directors /PDMRs to be buying as many shares under 5p as they could if they expect a near term exit over 10p -not often you can buy over a pound for 10 Bob.For the first time in years I am wondering whether ,with what The Market knows re the large overhang ,our share price will continue to drift ahead of Results & the possibility of Director /PDMR buying -thereby presenting a buying opportunity.Not for Widows or Orphans & under the radar of most investors but perhaps an opportunity exists for a very decent return over a short time scale -but ONLY if business continues to perform satisfactorily & profitably
clocktower: A reasonable analogy Aleman. Let`s hope that the banks just keep the plug hole in the boat well hammered down, as CRU may not be able to bale out fast enough if they pulled the plug. I doubt they would do that though, as it will not be in their best interest to do so, and as banks are looking for homes for cash that generates income, they will not be keen to pull the plug on any business that generates cash. The problem banks could have is a problem with any fall in the house prices and people keeping up mortgage payments due to unemployment and dropping wages. We are yet to see the real problem but 2021 will be crunch day imo. Luckily for CRU big money going into online business and building projects to support the bounce back.
Coral Products share price data is direct from the London Stock Exchange
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