Share Name Share Symbol Market Type Share ISIN Share Description
Coral Products LSE:CRU London Ordinary Share GB0002235736 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 10.25p 151,430 08:00:00
Bid Price Offer Price High Price Low Price Open Price
9.50p 11.00p 10.25p 10.25p 10.25p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 23.41 -0.50 -0.45 8.5

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Coral Products (CRU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:34:349.5574,0747,074.07O
13:34:209.5074,0747,037.03O
13:07:1410.483,282343.95O
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Coral Products (CRU) Top Chat Posts

DateSubject
16/11/2018
08:20
Coral Products Daily Update: Coral Products is listed in the General Industrials sector of the London Stock Exchange with ticker CRU. The last closing price for Coral Products was 10.25p.
Coral Products has a 4 week average price of 9.75p and a 12 week average price of 9p.
The 1 year high share price is 13.50p while the 1 year low share price is currently 8.38p.
There are currently 82,614,865 shares in issue and the average daily traded volume is 96,104 shares. The market capitalisation of Coral Products is £8,468,023.66.
13/11/2018
07:55
aleman: It sounds increasingly likely that we will get bumper results in 2019 - but you wouldn't guess it from the share price!
29/10/2018
09:51
aleman: Still a bit of buying going on yet the share price continues to hang around 10p. There must be a seller offloading in the background. I look forward to the oddly large sell appearing which indicates the last lot gone. The shares can then double overnight, he says with just hint of optimism.
08/10/2018
22:34
kirmich: nice discussion, both of you seem to be right in their own way. atholl pointing at the negatives, charo pointing at the positives i'm with charo though for now, mostly because the business they were in 5 years ago, has now completely been replaced by new business. most businesses would have gone bankrupt and wouldn't have had the vision to alter. had an order in last week at 9, but didn't get filled, despite going lower.fun and games looking forward to the interims indeed, which should be fine (or else we are in trouble) and to the outlook in the interims. if numbers and outlook are good, the shareprice will take care of itself, if both are bad, then also the share price will take care of itself... anything in between, not a lot of action then presumably also curious what the position on the interim dividend will be we are in microcapland
08/10/2018
19:44
atholl91: Charo,Share price was at 20p & where is it now - where it was 5 years ago. No memory loss. We now have Brexit, Corbyn & McDonnell which we didn't have when the price was 20p+.
08/10/2018
18:10
charo: Athol Short memory in mid 2016 share price was near mid 20s and was well on way to further growth.The failed appointment of a high flying CEO led to cost increases ,operational screw ups non recovered material cost .This resulted in a profits warning in Jan 2017 ,JG parachuted back in replaced the ceo fd and took cost cutting actions.The continuing problems throughout 2017 meant it was not until second half that all issues were squeezed out.The replacement CEO joined mid August 2017 and likely took a kitchen sink approach,anyone would.JG continued to maintain his strategy whilst new guy settled in.Investment continued to be made and I look forward to interims.
08/10/2018
17:14
atholl91: Charo,My interest as a shareholder is not the chairman's work ethic or that he hasn't bought or sold any shares in the past 3 years. He is the Chairman & the head of the company. Period. For the past 5 years the share price has gone nowhere, debt has ballooned with gearing over 130% to tangible NAV & you lead 180 people who live & pay tax in the UK when you have left the UK for tax reasons. And they keep going on with this underlying profit nonsense to try & puff up the share price to no avail - JG has gone past his sell by date.
24/9/2018
14:55
kirmich: Atholl, i know i only have a small stake, first i want to see a change in cashflow and i want the exceptionals gone. i feel the first indications are there that everything is starting to be going in the right direction, but no certainty by any means. of course there are risks, didn't think going from exec to non-exec is one, you could also "spin" it as having confidence in the new guy running things. Curious as to who the seller is, will be looking at the substantial interest in the annual report. if the numbers and the forward guidance are ok, and the next interim report shows what the trading update is suggesting, normally the share price will take care of itself. if it continues to be overpromise and underdeliver, it won't. being such a small company, it is basically quite simple : if mick wood turns the haydock factory around and the other businesses progress as they do now, then we are going to be ok. if not, we are in trouble.
24/9/2018
09:27
kirmich: The way i see it. Joe grimmond saw a few years ago he was saddled with a dying business and a big factory which would become useless. What a bonus, we have an executive who actually tries to look into the future and acts upon it. He then does a capital increase at a good price (nobody else saw it cause numbers were relatively ok and most shareholders don't look any further then the next 10 minutes. Bonus point 2. He then goes on and buys a few companies, which all turn out to be great purchases at cheap prices. Who can say that? Big bonus point 3. The acquired companies actually keep the company afloat with the heritage business dying. Does he stop there? no. He want to operationally change the main business and is attracting new type of business and a highflier ceo. Of course changing a complete operation takes time/costs a lot of money (hence depreciation and capital expenditure up) and involves some hickups along the way. Quickly he sees that the ceo is worth nothing (as most ceo's are) and is not what he needs to turn it around operationaly. He fires the guy and thinks, this isn't what i need, i need a top coo (chief operation officer) for my struggling factory and he hires a well respected guy who was in charge of running two factories, august 2017. Major bonus point. Presumably within the first few months, our new coo made such an impression actually doing something about the overhead and the actual operations, that he quickly made him ceo (probably fearing he would leave and a title change from coo to ceo has to be good for his ego). Summarizing : we have a few acquisitions who are running very well, we have the main factory who completely changed operations with somebody running it who knows what he is doing. We have a chairman who in my opinion saved the company from death (most companies that small with a dying business would have been bankrupt already)with a few remarkable moves. There have been hickups, look at the share price, but extract all the exceptional costs out of the previous reports and then check the market cap. There was the contract and its extension, the trading update more positive than before, with rising sales and rising MARGINS. This could be a nice one. Of course it's a small company, this isn't an advise to buy the shares, just my take, and why i bought shares over the last 2 months. long, 200.000 shares at around 10,6 pence.
08/8/2018
09:26
fozzie: I still do not understand why they cannot put some monetary values against these increased sales. Until they do that there will be no uplift in share price surely they realise this.
05/8/2018
10:22
aleman: That's a simplistic view, topvest, but it does have some truth in it, too. I think it's how you choose to interpret and it very much depends on whether the trading update's reflections on current trading carry through into cash generation. Since 2014, the company has increased debt by roughly the amount of acquisitions. That is the main reason debt has risen. Since, 2015 cashflow which might have paid for dividends or paid down most of that debt has been diverted into a £1.7m+ increase in inventories and capex exceeding depreciation by a similar amount. Call it £3.5m. Will that investment pay off? The DS forecast says yes. Underlying EBITDA was £1.26m in 2014 and £1.023m in 2015. This year is forecasted at £2.0m (though exceptionals and stock build knock it back to £1.2m). Next year's is predicted at £2.4m - more than double the 2014/2015 average! The question is whether you believe DS that money spent on acqisitions, capex and stock increases lift cashflow at the operating level. Turnover has been growing and now we are told it is up again month on month. Key is margins. Exceptionals from all the investment and changes hit this year's numbers. Operating margins in 2016 and and 2017 were good, though. If 2019 margins return to similar levels,as predicted, the investment will have been well worthwhile and the debt will be mincemeat. The new recycling plant could even add a bit more. This reads like investment that is paying off to me. But we do need to see those better margins come through. Turnover and high capex on its own gets us nowhere. The trading update says it is happening and profitability since 2015 has doubled after some major growth. Don't you believe it? I do. The share price, however, indicates you are not alone. It is lower than when underlying EBITDA was barely above £1m. If it had risen in line, it would be more like 30p. Maybe that's why there has been so much director buying. They seem to believe it, though directors get it wrong often enough. Anyway, I topped up.
Coral Products share price data is direct from the London Stock Exchange
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