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
  +0.50p +4.55% 11.50p 115,462 15:58:16
Bid Price Offer Price High Price Low Price Open Price
11.00p 12.00p 11.50p 10.95p 11.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 21.43 0.47 0.55 20.9 9.5

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Coral Products (CRU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-09-25 12:13:2410.6641,2124,393.20O
2018-09-25 09:50:5911.0859,2506,564.90O
2018-09-25 08:59:4111.0810,0001,108.00O
2018-09-25 07:00:2410.605,000530.00O
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Coral Products (CRU) Top Chat Posts

DateSubject
25/9/2018
09:20
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 11p.
Coral Products has a 4 week average price of 10.75p and a 12 week average price of 9.75p.
The 1 year high share price is 14.75p 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 167,342 shares. The market capitalisation of Coral Products is £9,500,709.48.
24/9/2018
15:55
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
10:27
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
10:26
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
11:22
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.
25/6/2018
15:04
atholl91: Winning orders - Meaningless - every business does that but no mention of what profit it will make - waffle to puff the share price. Same nonsense as "underlying profit" - which had Grimmond's fingerprints all over that as this seems to have.
19/6/2018
08:55
charo: clocktower agree,the success of this group depends on the turnround of haydock the other subs have all made money circa 1.8 mill pa and the bulk of investment has gone into haydock,so far with little return.Structurally the group could hive off and dispose of the haydock operation,tidy 10 million of turnover at 25%gross the bulk of debt would be cleared by selling of moulds and plant plus sale proceeds .leaving small profitable group sales 16 mill, group profit after reduced head office say 1.5 millionw with freehold site available for sale so around 14 million value debt free equal to around 17p per share. JG got involved with share price around 5p and verging on insolvency.Obviously not gone as well as he must have planned but guess this year is last chance for him.
13/1/2018
13:18
valuschmalu: JG has a decent stake in the company so he also gets hurt by share price collapse. Makes the contrast in sentiment over past 3 months even more baffling. He would know what the outcome would have been. Very much feels he's out of his depth here and needs to find a decent CEO pronto. It might mean coughing up for someone decent but this company needs to be have proper management and governance if its to survive. They would have been better off shutting down Haydock 7 years ago and just been a consolidation vehicle for plastic company acquisitions. Its just destroyed value trying to get the current model to work. The move from media products to a mixture of things has proved far more difficult than anticipated as there wasn't a gradual tail off of media generating some contribution. It just stopped abruptly.
03/1/2018
20:14
valuschmalu: They should change the year end to December. April/October is annoying. Whilst I'm against pointless rebrandings which are generally a waste of money, I wouldn't be averse to a name change just to make a complete break with the past. Its a completely different company to what it was 10 years ago. I'm also surprised by the share price weakness given the trading statement. Wondering whether there has been margin pressure from higher input prices. Oh well, we'll find out soon enough
29/1/2017
08:31
valuschmalu: I've felt that there was one acquisition too many (Global Pak) when the company should have been focused on improving efficiency at Haydock and subsuming other acquisitions. If you go on a big acquisition spree, you need the right directors including an appropriate CEO and FD with experience of consolidating several businesses etc and company 'infrastructure' (financial reporting etc) to support this. Its no mean feat and I wonder if they moved too quickly to offset cessation of media sales. With the share price where it is I doubt we'll be seeing any more acquisitions for a while. I suspect liquidity might be tight given high level of debt at interims, potential earn-outs as noted by others, compensation for loss of office, ringfenced capex etc. I suspect final divi might be suspended. They may have no choice. JG now needs to find another CEO. Maybe a daft suggestion but why doesnt he become CEO and find a decent non exec chairman. Overall very disappointing. Fingers crossed (assuming there is no fraud at play here and that CEO wasnt up to the job rather than up to funny business), I dont see this as a terminal blow but a lot of confidence lost. Share price probably will go lower but IMHO 13p doesn't seem horrific value. Would like to see more substantial director buying before betting the house on it. Fridays purchases were a bit weedy.
22/8/2016
13:50
sharw: Even today's announcement has a vague 'on or about'. The problem is that we do not know the cause of the delay - is it the auditors being awkward about the treatment of acquisitions or simply that the new CEO had a holiday already booked when appointed? The decline in share price looks like a steady drip of small sells over the weeks as people have decided that delay = bad news and given up. However, there has been no profit warning and if the forecast of EPS 2.2 D 1.0 is met we are looking at a p/e of 8.2 and yield 5.6% @18p.
Coral Products share price data is direct from the London Stock Exchange
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