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% 13.00 10,000 08:00:06
Bid Price Offer Price High Price Low Price Open Price
12.50 13.50 13.00 13.00 13.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 22.32 -0.82 -0.99 11
Last Trade Time Trade Type Trade Size Trade Price Currency
09:02:42 O 10,000 13.00 GBX

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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 13p.
Coral Products Plc has a 4 week average price of 12.55p and a 12 week average price of 12.50p.
The 1 year high share price is 15.50p while the 1 year low share price is currently 4.25p.
There are currently 85,942,534 shares in issue and the average daily traded volume is 38,319 shares. The market capitalisation of Coral Products Plc is £11,172,529.42.
valuschmalu: Given the past history with this company, I'm concerned something negative comes out at the results and I don't like the delay in publishing. Whether that's the outlook eg supply issues, unable to pass on resin price increases, issue with property sale or something else I've unfortunately learned to expect the unexpected! But the bigger issue is the medium term outlook. To get the share price past 20p, the company needs to demonstrate that it can consistently deliver 2p+ EPS and a 1p divided. There was a time a few years back when it looked like they could do that but we know what happened next and the share price sunk. IMHO, they need to make a big (but sensible) acquisition. Until the results come out, I'm not going to speculate on what the cash position is but I think it should be possible to make a big acquisition to get us to 2p+ consistent EPS with a small amount of leverage (1x EBITDA). That would be game changing rather than these incremental smaller add-ons which have been hit and miss in the past. Clearly the risk is that they buy the wrong company but I'm hoping they have learned lessons and can spot a solid opportunity.
base7: Rent was only likely to be a temporary phenomenon as we aren't a property company & selling the Freehold with a strong covenant was a great deal for shareholders as the cash value of our holdings is around 75% of our current share price My view is that JG will either make further bolt on ,earnings accretive acquisitions with cash (& some shares to motivate vendors)& resume share buy backs & increase dividends,assuming our trading subsidiaries remain positive -or ,he will aim to exit by finding a substantial private company to reverse into us -either way,& asssuming that our profitability remains intact,we should benefit.I have not bought since we were in the mire but am tempted to increase again ahead of results with view to our share price weakness
base7: Finals should be published shortly & it will be interesting to see whether our outlook statement remains as positive as it appeared to be following our year end trading update & presumably we are now close to completion in respect of our property sale.If our FY22 forecasts remain on target( despite well publicised transportation issues across industry,firming commodity prices & therefore raw material prices & the increased 1.25% Employers NI costs ( from April 2022) & our share price remains weak I would have thought JG would resume the buying back of more of our shares ( unless he has any further bolt on acquisitions lined up ) as our bank balance should comfortable exceed £7mill ( ie 8-9p per share).
clocktower: Wishful thinking hat. First the share price has to pass 15p - if they do what are the chances of them being more than a few pence above that figures, which would then make them of any real value to those in receipt of the options. Will anyone that receives a salary from the company want to take up the options if the share price rises to say 17p? Who on earth is going to accept shares in CRU at even the current price let alone higher rather than hard cash, unless they are handed a huge premium for their business which then devalues every other stakeholders interests. Now if John Wright Director of CPL is much younger than JG and he started adding to his 3 million odd shares (if he still has them) then one might think he maybe is looking to sit in JG`s chair, should he shuffle along, and it could put a new coat on CRU and become a different beast.
hatfullofsky: Clocktower, "hat - IF the share price were to increase to well above 15p they would no-doubt be used top satisfy outstanding options. So if they are sold back into the market the effective profit (less holding costs etc) is between the mid price they have paid for all the company currently holds. So, other than having the effect of reducing the liquidity pray tell me what benefit is there to current shareholders." Not quite sure what you mean here but let me do some calculations to explain. We currently have 3m shares in treasury at 15p = £450,000 Hypothetically, our share prices rises to 60p Hypothetically, we make an acquisition £1.8m (all share) If we use the shares from treasury 3m (now at 60p) that purchase would cost us (in real terms) £450k (3m at 60p) rather than the full £1.8m. I have purposely excluded share options from these calculations
clocktower: LOL temelco. One more comment I will make is that the options that JG bought shares that might have been used had the share price reached higher levels are not worth a lot more than the company paid for the the last purchase. What they have saved is the dividend payments that would have been made in respect of those shares. The problem the business has now is finding a way to attract the major investors, as the company has effectively become a handful of small enterprises with limited potential, whereas while Haydock was in the picture the potential was available because of the size and equipment in the factory. The bulk of the shares may well become owned by a larger group of small investors and most held in nominee accounts like many on the list of holders of over 3%. Https://coralproducts.com/stock-exchange/ It will be interesting to see if there is a change in the numbers when the list is next revised. The best bet is to find someone that wants to reverse into CRU for its profitable businesses and cash assets (well hopefully by the end of this year). A business that shareholders would be happy to swap their current shares for their paper, that would offer an immediate premium in the market. A share deal to put it plainly, that would provide a good cash cushion to the buyer with potential to grow because of the extra cash pile available. It would be a big mistake if the BoD used the cash to tack on another tiny fish from the pond. It would also be a great way for any current CRU holder to exit at a premium, as even JG might sell his to an institution. No boutiques what is needed is a grand powerhouse of talent that knows how to turn a sixpence into a crown.
clocktower: charo, it is not fair to portray CRU as as huge growth stock, it would be true to say it is a recovering stock, as the share price still has more than 30% to recover from when JG had it performing well. Most investors have not bought their stock under 5p and for example I had stock that I had purchased around 12/13p before the big fall to under 5p, so most investors averages are much higher, and certainly do not show even half of what you are suggesting as a gain. Also, if some of the bigger holders want out, as we saw one even selling at below 5p it is likely that the growth in the share price will be limited now but as a yielding stock it looks a top notch investment. So, if like PUGUGLY who posted that the share was likely to plateau, then others are most likely to do the same that are only looking for the next big increasing stock, which most of us are seeking imo.
clocktower: L2 looking strong with only one MM on offer at 14p - Some tucking stock away at the start of the new financial year I guess. ". SHARE OPTIONS On 8 December 2014 share options were granted to 9 employees including 1 director under an EMI Scheme, the “Coral Products plc EMI Share Option Plan”. Options were granted over 1,650,000 1p ordinary shares of the Company with an exercise price of 16p per share. The share price at the date of grant was 14.5p per share. 4 employees, including 1 director, with options totalling 800,000 1p ordinary shares have left the Company. On 30 May 2017 share options were granted to 4 employees under an EMI Scheme, the “Coral Products plc EMI Share Option Plan”. Options were granted over 550,000 1p ordinary shares of the company with an exercise price of 21p per share. The share price at the grant date was 15p per share. 1 employee with options totalling 100,000 1p ordinary shares has left the Company. On 22 August 2017 share options were granted to 2 employees, both of which are directors of the company, under the EMI scheme. Options were granted over 2,500,000 1p ordinary shares of the company with an exercise price of 15p. The share price at the grant date was 14.5p. On 1 June 2019 share options were granted to 1 employee under the EMI scheme. Options were granted over 100,000 1pordinary shares of the company with an exercise price of 16p. The share price at the grant date was 8.5p. The employee has since left the company. The options can be exercised two years after the grant date and there are no exercise conditions other than that for the options to vest, the individual must remain an employee of the Group."
valuschmalu: Getting closer to bottom of fair value so wouldn't be keen to see company buying shares above 15p. Also if I had to guess the average share price of new issuance over the past 10 years, suspect it is around 14p so optically nice to buy back below that price. I like the buyback idea in general though. Puts a floor on the share price if the market knows the company is a buyer at a certain price.
base7: Thanks all! Not only do we have cash but our 3 trading subsidiaries are profitable + we receive £300k pa in rents-so depending on our profitability,( & sustainability thereof) nor reason why JG would not want to revert to dividends of 1p per share , ie a yield of over 8% based on our current share price I was clearly wrong in respect of JG planning an orderly disposal of the business & now he has shown his hand I presume that further bolt on acquisitions are likely,which can hopefully be absorbed into our current premises. Cru will never be a cbd,C-19,crypto type multibagger but our share price could improve to 20p+ & provide a decent yield , which sits comfortably with me as my shares are all in my ISA/SIPP
Coral Products share price data is direct from the London Stock Exchange
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