ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

CRU Coral Products Plc

9.90
0.00 (0.00%)
12 Apr 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 Shares Traded Last Trade
  0.00 0.00% 9.90 87,098 08:00:00
Bid Price Offer Price High Price Low Price Open Price
9.80 10.00 9.90 9.90 9.90
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Plastics Products, Nec 35.22M 1.26M 0.0141 7.02 8.83M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:26:49 O 35,306 9.89 GBX

Coral Products (CRU) Latest News

Coral Products (CRU) Discussions and Chat

Coral Products (CRU) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Coral Products (CRU) Top Chat Posts

Top Posts
Posted at 14/4/2024 09:20 by Coral Products Daily Update
Coral Products Plc is listed in the Plastics Products, Nec sector of the London Stock Exchange with ticker CRU. The last closing price for Coral Products was 9.90p.
Coral Products currently has 89,168,957 shares in issue. The market capitalisation of Coral Products is £8,827,727.
Coral Products has a price to earnings ratio (PE ratio) of 7.02.
This morning CRU shares opened at 9.90p
Posted at 11/4/2024 09:36 by clocktower
With the market as it is markth126 it seems to me folks are just pulling out of all sorts of AIM stocks, even if they are well managed with honest directors like Joe G. Not many funds investing either, in fact they also seem to be pulling out in some sectors.

The slightest whiff of bad news and slowly they slide but wisely people use stop losses, which of course does impact even good companies like CRU.

That said, JG does seem to keep repeating the same mistakes, and hopefully the latest appointment is not another error of judgement. The new CEO buying has not proved to show good judgement either at present, as he purchase 215,000 at 13.95p so he already around £10k down, 30%.

I doubt I will get back to be able to buy loads at under 5/6p again but who knows, if news gets worse.

Good Luck.
Posted at 21/3/2024 16:31 by eezymunny
"EezyMunny - 07 Sep 2022 - 07:13:47 - 3139 of 3554 Coral - not the turf account - but on a good run. - CRU
For my liking they sound too keen to make acquisitions of pretty ordinary companies. A recession may be coming.

Time will tell. Personally I would've sat on the cash until some bargains came along..."

Such foresight :)

Proper empire building nonsense IMO...nearly always ends the same way.
Posted at 12/3/2024 09:43 by clocktower
Share price still sliding does not bode well.

It was also a year ago that properties were remortgaged, which increased available cash. Did JG expect interest rates to fall and are the repayments now dragging the availability of resources down?

Are the reorganisation costs eating away at profits?


Maybe the new CEO will provide an update sooner than we would normally expect, as uncertainty undermines the business.
Posted at 27/1/2024 09:22 by valuschmalu
Lets revisit my October 23 post. I've added new comments in CAPS
-pace of acquisitions in 2022 raises eyebrows. It may be that these are 'deals of the century' but the counterargument is they got overexcited (again) by being cash rich and spent it too quickly. The prior M&A record is not 100% perfect and I would rather 1-2 a year rather than 4 or so in short order then silence EXPECT SILENCE FOR A WHILE ON THE BUYING FRONT
-the buy and build strategy only works if you buy at a significantly lower multiple to where you are trading. So CRU needs to be trading at 8x EBITDA and buying at 4-6x. SEE ABOVE
-The way to getting to 8x (+) is to generate steadily growing EBITDA over time with minimum volatility. Yes COVID etc hasn't helped but CRU is synonymous with earnings volatility. What it needs to do now is beat last year's EBITDA level and do it again next year etc. The recent trading update will (fairly or unfairly) make a lot of people think 'here we go again' HERE WE GO AGAIN
-Given the above comment about earnings vol, debt is too high at 2x. They need to get it down to 1 to 1.5x. For a stronger more consistent company, 2x leverage is fine but we are not there yet with CRU. We are also in a higher rate environment and what was acceptable leverage last year is no longer the case HENCE DIVIDEND CANCELLED
-The easy way to get leverage down is not to overdistribute via dividends and buybacks. Unfortunately to cut the dividend would smash the share price so I don't think that's the way forward. Deleveraging will have to be done the hard and slow way via earnings retention. That also links into the above comment on M&A. I struggle to see at 2x leverage how they can safely do any more M&A in the short term. The big 'unless' here is unless they sell a subsidiary. Global One-Pak may be an option? I know JG rates it but there has been a lot of earnings vol from this company since acquisition THIS IS THE POTENTIAL SILVER LINING FROM THIS LATEST DISASTER IN THAT IT WILL ALLOW THE NEW CEO TO RESET THE DIVIDEND POLICY TO SOMETHING THAT IS COMPATIBLE WITH A BUY AND BUILD STRATEGY. HE SHOULD ALSO LOOK AT DIVESTMENTS WHERE THERE ISNT MUCH REMAINING UPSIDE LEFT
-They should appoint a CEO as soon as possible. I expect it will be one of the recently appointed directors but I doubt institutional investors love a 70+ year old being exec chairman (and not having a CEO)TICK (HOORAH)
Posted at 10/1/2024 10:07 by this_is_me
The numbers have all been going in the right direction since the end of the lockdown and the share price has mostly been in the trading range 14-17p for a couple of years.

I expect the share price to rise at some point, meanwhile the dividend pays me well to wait.
Posted at 11/12/2023 10:22 by clocktower
LOL faz - all very well faz IF you get sufficient orders to justify the new investment plus I guess there is a level of disruption during the removal and disposal of the old machines, along with setting up and trialing time with new equipment.

Of course over a longer period of time the improved production is bound to benefit the bottom line, if the orders keep flowing but as was pointed out in the RNS with the foil business, markets can become very competitive. This could happen in other sectors in the current climate.

My view was based on the short term, and that is why I though it to be only a weak hold at around 13.5/14p

Each to their own but the dividend is steady which supports it.

Good Luck if your a buyer at over 14p but I cannot see much share price growth impo.
Posted at 09/10/2023 12:31 by charo
CRU have increased ebitda over 22 and 23 and if as they say will meet market forecast this year 24,share price nowhere.IF JG passes divs for 24 and 25 he will basically eliminate debt other than for invoice factoring.
Share price wont worry him if shareholders sell down he will buy back increasing his net worth.Then resUme divs .Those who stay the course win .
Posted at 07/10/2023 09:43 by valuschmalu
My uninvited thoughts on where we are now with CRU (all IMHO):
-pace of acquisitions in 2022 raises eyebrows. It may be that these are 'deals of the century' but the counterargument is they got overexcited (again) by being cash rich and spent it too quickly. The prior M&A record is not 100% perfect and I would rather 1-2 a year rather than 4 or so in short order then silence
-the buy and build strategy only works if you buy at a significantly lower multiple to where you are trading. So CRU needs to be trading at 8x EBITDA and buying at 4-6x.
-The way to getting to 8x (+) is to generate steadily growing EBITDA over time with minimum volatility. Yes COVID etc hasn't helped but CRU is synonymous with earnings volatility. What it needs to do now is beat last year's EBITDA level and do it again next year etc. The recent trading update will (fairly or unfairly) make a lot of people think 'here we go again'
-Given the above comment about earnings vol, debt is too high at 2x. They need to get it down to 1 to 1.5x. For a stronger more consistent company, 2x leverage is fine but we are not there yet with CRU. We are also in a higher rate environment and what was acceptable leverage last year is no longer the case
-The easy way to get leverage down is not to overdistribute via dividends and buybacks. Unfortunately to cut the dividend would smash the share price so I don't think that's the way forward. Deleveraging will have to be done the hard and slow way via earnings retention. That also links into the above comment on M&A. I struggle to see at 2x leverage how they can safely do any more M&A in the short term. The big 'unless' here is unless they sell a subsidiary. Global One-Pak may be an option? I know JG rates it but there has been a lot of earnings vol from this company since acquisition
-They should appoint a CEO as soon as possible. I expect it will be one of the recently appointed directors but I doubt institutional investors love a 70+ year old being exec chairman (and not having a CEO)
Posted at 06/10/2023 07:25 by this_is_me
Now almost 1% of shares in treasury; not a huge amount but we should see buybacks continue at the current far too low share price. Many other small companies have also seen their share price fall to very low prices and have rightly instituted a buyback programme.
Posted at 05/9/2023 13:25 by ohisay
Positive trading outlook

Importantly, the positive momentum has continued into the new financial year, adding weight to Cenkos’ expectations of 15 per cent growth in annual cash profit to £4.45mn to drive pre-tax profit up 8 per cent to £2.45mn in the 12 months to 30 April 2024. On this basis, the shares are priced on a price/earnings (PE) ratio well below seven and offer an attractive 6.7 per cent dividend yield.

The six directors hold 19 per cent of the shares, so the payout is rock solid, and it means that debt levels are kept in check. Net borrowings of £7mn equates to 1.6 times forecast cash profit and implies balance sheet gearing of 50 per cent, so leverage remains comfortable.

The lack of institutional following and a small enterprise valuation of £21.9mn are the key reasons why the group is below the radar of investors, rather than operational underperformance, since the board embarked on its buy-and-build strategy two years ago. It’s a rating worth taking advantage of as the potential for strong profit growth and acquisition-driven upgrades should support a higher re-rating, hence why I suggested buying the shares, at 14.75p, six months ago (‘Alpha Research: This deep value small-cap bargain could pack a punch’, 6 March 2023).

To put the upside potential into perspective, a multiple of six times cash profit to enterprise valuation for the 2023-24 financial year implies a more reasonable PE ratio of nine and would drive a 36 per cent uplift in the share price to my 22.5p target price. Buy.
Coral Products share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock