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
  -0.50 -3.12% 15.50 330,495 14:15:56
Bid Price Offer Price High Price Low Price Open Price
15.00 16.00 16.00 15.25 16.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 10.71 -0.32 0.57 27.2 13
Last Trade Time Trade Type Trade Size Trade Price Currency
15:51:23 O 25,000 15.50 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 16p.
Coral Products Plc has a 4 week average price of 14.25p and a 12 week average price of 12p.
The 1 year high share price is 17.40p while the 1 year low share price is currently 4.75p.
There are currently 85,942,534 shares in issue and the average daily traded volume is 200,233 shares. The market capitalisation of Coral Products Plc is £13,321,092.77.
clocktower: It seems its going to take better news than buying back shares to get the share price up, regardless of the returns or value. It either needs big contracts to be announced or a deal at a great price that includes most if not all the shares held in treasury imo. In fact if they keep buying them at these levels, a business seller should be more than willing to take even more stock in the company, if it is likely to send the share price up and over 20p imo.
clocktower: If JG and Co have any hair left I guess they are wondering what else they can do to get the share price up. Maybe another investor presentation once the money is in the kitty from the sale of Haydock. Maybe the next business seller to CRU might prefer a bigger chunk of payment in shares, so JG could keep adding to the 4 million already in treasury. Or when the cash comes in from Haydock, a special extra dividend of 0.025 maybe with a suggestion that they are likely to recommend a dividend of 0.075 for the years ending Oct 2021 which they might pay out early 2022 and that should send the share price above 20p.
clocktower: I think when JG & co paid the first dividend it was offering such a good return to see the share price increase to around 18p, I guess, lowering the return to a little less generous level but a level much higher than most with such a sound business and cash position. I think they must be flabbergasted that so few PI's have caught on to how much of a return this is offering. As you say though with just one II dropping out because of the small cap of the company, it at least gives CRU the opportunity to put more into treasury and reduce the amount in free float a little. When the overhang is clear and we get the completion of the property transaction the share price should shoot up, as the sale is forecast to do, before the dividend date.
clocktower: base7 if your not buying now at under 14p I assume you will not return 7% in a years time, as I expect the share price will be considerably higher, however the likely hood is that the dividend will increase further next time around and for a very short time investors may well get 7% even then but when more PI's switch on I think the share price will reflect the value and the return will drop to around 5% when the share price reaches 25p before very long. The price at 13.5p is as good if not better than it was at under 5p last year, so I just had to add another 50k today which is not yet showing. Better than money in the bank.
base7: Cru was accident prone long before JG arrived on his white pony but there have been various mishaps under his stewardship although I accept that his lates deal was his best ,putting us on a sound footing & realising value from Haydock .Despite the potential our share price has languished & may well present an opportunity which will only be apparent following Finals .I am familiar with the filing files but you don’t have to delay publication of Results until deadline day when you have had the accounts for months ,the Audit of which should not take long,& publication of Finals should enable JG to move forward with the cunning plan . Difficult for me to consider JGs tenure as successful with our share price lower than it was years ago ,also under his tenure .I will be glad to exit when the time is right which I am still hoping will be higher than it is currently & with poor liquidity (understandable for a £10mill stock)there is little chance ,currently
clocktower: Still charo, it seems to me they like to go down to the wire when it suits. However, do you think there is a chance that something has leaked out, as I guess the accounts must have been made up by now, and they are just awaiting boardroom signing off surely. Dropping share price suggests to me that it is just possible that this has has occurred, as if numbers are really to be outstanding, we often see this reflected in the share price from many shares that are listed and even more so from AIM ones before official publication. To be fair this in my view has not been the case in the past with CRU, the way JG has run the ship from that point of view has to be admired. Still there is always a first time that some weasel spills the beans or take advantage of knowledge, against the law or otherwise.
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
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.
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."
Coral Products share price data is direct from the London Stock Exchange
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