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% 13.50 35,090 08:00:15
Bid Price Offer Price High Price Low Price Open Price
13.00 14.00 13.50 13.00 13.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 22.32 -0.82 -0.99 12
Last Trade Time Trade Type Trade Size Trade Price Currency
09:47:00 O 10,000 13.0001 GBX

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Coral Products (CRU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-04-14 16:27:0013.11100,00013,110.00O
2021-04-14 13:23:5314.257,5001,068.75O
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Coral Products (CRU) Top Chat Posts

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 13.50p.
Coral Products Plc has a 4 week average price of 10.45p and a 12 week average price of 9.13p.
The 1 year high share price is 14.50p while the 1 year low share price is currently 4.15p.
There are currently 85,942,534 shares in issue and the average daily traded volume is 79,275 shares. The market capitalisation of Coral Products Plc is £11,602,242.09.
clocktower: Clearly JG's house broker will not want to chase the price any higher and will be working to obtain what they can at the lowest possible level, if the company are still minded to add to the number already purchased, which as yet do not cover the options, which they would now wish to do, I expect, as they would rather not have more shares in the market at present. I assume they want the price to go up and stay up and bar the usual ups and downs and wish to see dividend growth along with a steady long term rise in the share price as JG may have a heir in the waiting.
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."
base7: Good points .Additional with a Microcap like CRU & particularly with such a very low free float ,buy backs of any ‘loose’shares in Market should ensure share price stability & a positive trading update together with an outline of JGs strategy(including divi dividend strategy ) would be helpful
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.
aleman: There could be an ulterior motive behind the buy-backs. On the basic evidence the shares look cheap, so a buy-back does not look unreasonable, and I am one who has been critical of buy-backs at many other companies in the past (who had probably lost direction and so wasted the cash as things soured). But it's interesting that the buy-backs have given the market cap a small boost, from £9m to £11m. Why is this significant? Well, in the past I've noticed that some funds that invest in smaller companies look to sell out if market caps drop below £10m. I believe some funds specify this in the articles of association or their floatation prospectus. It's possible that the buy-back boost is done with this thought in mind. Some small cap funds can now invest in CRU again after 2 years of not being able to. This could help to boost liquidity and also might help if J.G. wants to reduce his holding a little without clobbering the share price. It will be interesting to see how larger buys get notified or not. Some could be buy-backs but some could be new (small cap or income) funds buying in on the hope of more to come.
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
valuschmalu: I think jg should have taken time to work out and articulate a strategy whether that would be liquidation and full return of capital, acquisitions or somewhere in between. Clearly there is a lack of consensus on the quality of previous acquisitions and I think the share price would be better served if he had taken 5. To be clear, I think the shares are undervalued but in my mind the risk of further acquisitions puts a cap on the price. As a big shareholder, jg loses out more than anyone so I don't get it. Would be good if there were strong institutional investors who could spell this out to him but unclear to me if there are any as Miton have sold out. I appreciate that others might not share my view but it might go towards answering why the share price hadn't gone higher
base7: I have fairly large holding & am delighted at the recent disposal & subsequent doubling in our share price I am not sure how any longer term investor here could possibly consider that JGs investment record has been positive in respect of CRU. In 2016 our share price was consistently over 20p & we are now discussing the possibility of our exit achieving 20p-so I am unsure how that could viewed to be a good outcome after 5 years.I appreciate that recent investors buying at 4-5p should achieve an excellent return.
base7: JG,PF & our non execs are wealthy guys who together with a couple of pals could easily take out the Milton stake,if they wanted to & considered it to be good value.PF sold his successful business to CRu & JG has been involved at Board level for many years in the management of successful quoted companies (until now).If we are indeed now profitable & the sale & leaseback of Haydock happens (for the second time) we could buy back some of our shares which would reduce the overhang & increase our EPS & boost our share price The company has performed abysmally over recent years but !as I have said previously,if our Results &,most importantly ,outlook Statement are positive,perhaps our share price will be able to recover ahead of Corporate Action which would result in a substantially higher SP-say 10-15p
base7: If I owned 14/15% of any company & I was unhappy with my investment I would certainly be doeSling with the CEO /Chairman in order before making a sell decision ,in the hope that they would’ve able to convince of sound reasons to retain my investment ,& I have spoken with CEO s of companies where my holding is insignificant .Even if Miton considered their investment in CRU to be surplus to requirement I would still expect t he emailed to want the best price they could get .Perhaps they did just want to offload a couple of million shares but my gut tells me they just want out & nothing JG/MW could tell them would keep them interested . The question to consider now is whether Mitons (possible)desire to exit, @ virtually any price ,will throw up a buying opportunity as our share price slips back while there is such a large overhang .If we can produce annual revenues circa £30mill with profits of £1.5-£2.0 mill & no more short term ‘banana skins’,a value of £3-£4mill may prove to be a bargain & a competitor maybe keen to buy us for 12-15p,still only £12-£15mill. Very little interest in CRU other than by a handful of PIs here -yet JG (with almost 9%)will be 73 next & it is hardly a passive investment for him with a value of only around £300k ,if he could get that currently .I presume he is a financially very comfortable chap & if I was him (or advising him )I would be suggesting that he planned /engineered an exit .If course if business remains good I would expect Directors /PDMRs to be buying as many shares under 5p as they could if they expect a near term exit over 10p -not often you can buy over a pound for 10 Bob.For the first time in years I am wondering whether ,with what The Market knows re the large overhang ,our share price will continue to drift ahead of Results & the possibility of Director /PDMR buying -thereby presenting a buying opportunity.Not for Widows or Orphans & under the radar of most investors but perhaps an opportunity exists for a very decent return over a short time scale -but ONLY if business continues to perform satisfactorily & profitably
Coral Products share price data is direct from the London Stock Exchange
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