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| 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 | 0.00% | 8.25 | 71,351 | 07:31:16 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 7.50 | 9.00 | 8.25 | 8.25 | 8.25 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Plastics Products, Nec | 35.22M | 1.26M | 0.0141 | 5.85 | 7.36M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 09:18:22 | O | 9,341 | 8.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/9/2024 | 12:06 | ALNC |  Coral Products swings to loss after suffering challenging environment |
| 17/9/2024 | 07:00 | UK RNS | Coral Products PLC Final Results |
| 24/7/2024 | 14:58 | ALNC | Coral Products sells Runcorn factory site for GBP1.2 million |
| 24/7/2024 | 07:00 | UK RNS | Coral Products PLC Sale and Leaseback of Runcorn Factory Site |
| 11/6/2024 | 14:03 | ALNC | Coral Products to reinstate interim dividend despite waning profit |
| 11/6/2024 | 07:00 | UK RNS | Coral Products PLC Trading Statement |
| 23/5/2024 | 17:45 | UK RNS | Coral Products PLC Transaction in Own Shares |
| 23/5/2024 | 07:00 | UK RNS | Coral Products PLC Director/PDMR Shareholding |
| 22/5/2024 | 18:20 | UK RNS | Coral Products PLC Transaction in Own Shares |
| 13/5/2024 | 16:30 | UK RNS | Coral Products PLC Director/PDMR Shareholding |
Coral Products (CRU) Share Charts1 Year Coral Products Chart |
|
1 Month Coral Products Chart |
Intraday Coral Products Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 03/10/2024 | 20:50 | Coral - not the turf account - but on a good run. | 3,634 |
| 08/7/2024 | 12:24 | ***** CORAL PRODUCTS - CLINTON CARDS OF THE 21st CENTURY **** | 20 |
| 13/9/2011 | 19:26 | Coral- new Thread with Charst etc | 238 |
| 16/6/2008 | 15:11 | Coral Products At 51.5p they look good to me | 94 |
| 27/4/2007 | 14:55 | Coral can you give me what I want? | 4 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:18:22 | 8.50 | 9,341 | 793.99 | O |
| 08:02:23 | 7.85 | 2,000 | 157.00 | O |
| 07:45:55 | 8.85 | 10 | 0.88 | O |
| 07:31:11 | 7.82 | 60,000 | 4,689.00 | O |
| 2024-10-10 14:11:34 | 8.60 | 23,255 | 1,999.93 | O |
| Top Posts |
|---|
Posted at 28/9/2024 10:43 by valuschmalu Revisiting my post from earlier in the year (3544), my fears over the quality of recent acquisitions ('dash to splash the cash') have been partially confirmed with the recent writedown. I hope LB is allowed to get on with managing the company as he sees fit without interference from JG who may think he is entitled to meddle with his large shareholding. That includes selling any subsidiary he feels doesnt fit with his strategy (and not just getting rid of unprofitable business).I would get rid of the Director responsible for M&A. The company is too small to have one, the track record is 'mixed' and I dont see the balance sheet being able to handle another acquisition anytime soon especially with a distressed share price and high net debt ratio. I would also hold the line with the 0.5p annual dividend. 1p+ was too high given earnings vol history with this company. If we make surplus profits, these should be distributed via a special dividend. The focus should be getting net debt down to a sensible range for a capex heavy company such as this eg 2x rather than the current 3(+) x. |
Posted at 17/9/2024 08:49 by clocktower So base7 even if you take that as a reduction in net debt by those two sums, you are still left with a higher debt level than the previous year, and less assets to cover the debt.The money spent on new machines will of course increase the depreciation this year but if they are not running at a high capacity level they will not be earning their keep. You can over invest only to find out your sales still keep falling because of market shifts, poor sales teams, no inovation of product, conflict within the ranks. The businesses that CRU purchased - part in shares, are those owners now happy with the direction Joe has driven the business? What will they do? |
Posted at 17/9/2024 08:12 by clocktower Normally when the price drops and Joe wants to show confidence he buys, will he buy a load down here or not?If there was a raise what discount to share price do you think CRU could raise at now? 25% discount or more? Views please. |
Posted at 25/7/2024 14:27 by this_is_me Gone exd and the share price up - not usual! |
Posted at 24/7/2024 17:51 by foldender Following the trading update on 11th June and today’s positive news I am surprised that there has not been a share price rise. Lance is making all the right noises and I for one would like to think he will deliver results for 2024/25 reflecting his proactive measures described on 11th June. Being realistic we have to expect some rationalisation costs in the final results when they arrive, probably early September |
Posted at 13/6/2024 08:04 by base7 Under our new Ceo we have seen a re set in that he took the prudent view to defer the dividend when announcing that business has slowed down in Jan.The fact that he reinstated 0.25p on announcing the update last week should be viewed optimistically as Lance has already demonstrated a prudent streak & has rationalised & reorganised & sounds confident that the results of his actions are now being seen.If when Finals are announced later this year he recommends a Final of 0.25/0.35,the total will be 0.5/0.6( lower than it has been but still yielding 5% based on current prices)& I presume he will only pay it if he considers we can afford it & it would provide confirmation that FY25 has started positively.as we have seen in the past, there will always be scope for good value bolt on acquisitions at attractive prices(sometimes based on businesses failing or owner families being keen to exit) which can be absorbed into our existing facilities & it would be a pity to miss any such opportunities which could well arise over the coming months. Cru is unlikely to ever multi bag & depending on our purchase price but a 5% yield & the possibility of a return to 20p+ makes this a hold for me |
Posted at 29/4/2024 17:05 by clocktower Lsst year a trading update was on 24.05.2023 but the sooner the better, in light of the falling share price. |
Posted at 24/4/2024 19:36 by clocktower More weakness and sales today, and bearing in mind how the market has reached new highs, this is becoming an also ran once again it seems to me.How long before they will pay a dividend again will weigh on the share price if there is not very positive news next month. |
Posted at 27/1/2024 09:22 by valuschmalu Lets revisit my October 23 post. I've added new comments in CAPS-pace of acquisitions in 2022 raises eyebrows. It may be that these are 'deals of the century' but the counterargument is they got overexcited (again) by being cash rich and spent it too quickly. The prior M&A record is not 100% perfect and I would rather 1-2 a year rather than 4 or so in short order then silence EXPECT SILENCE FOR A WHILE ON THE BUYING FRONT -the buy and build strategy only works if you buy at a significantly lower multiple to where you are trading. So CRU needs to be trading at 8x EBITDA and buying at 4-6x. SEE ABOVE -The way to getting to 8x (+) is to generate steadily growing EBITDA over time with minimum volatility. Yes COVID etc hasn't helped but CRU is synonymous with earnings volatility. What it needs to do now is beat last year's EBITDA level and do it again next year etc. The recent trading update will (fairly or unfairly) make a lot of people think 'here we go again' HERE WE GO AGAIN -Given the above comment about earnings vol, debt is too high at 2x. They need to get it down to 1 to 1.5x. For a stronger more consistent company, 2x leverage is fine but we are not there yet with CRU. We are also in a higher rate environment and what was acceptable leverage last year is no longer the case HENCE DIVIDEND CANCELLED -The easy way to get leverage down is not to overdistribute via dividends and buybacks. Unfortunately to cut the dividend would smash the share price so I don't think that's the way forward. Deleveraging will have to be done the hard and slow way via earnings retention. That also links into the above comment on M&A. I struggle to see at 2x leverage how they can safely do any more M&A in the short term. The big 'unless' here is unless they sell a subsidiary. Global One-Pak may be an option? I know JG rates it but there has been a lot of earnings vol from this company since acquisition THIS IS THE POTENTIAL SILVER LINING FROM THIS LATEST DISASTER IN THAT IT WILL ALLOW THE NEW CEO TO RESET THE DIVIDEND POLICY TO SOMETHING THAT IS COMPATIBLE WITH A BUY AND BUILD STRATEGY. HE SHOULD ALSO LOOK AT DIVESTMENTS WHERE THERE ISNT MUCH REMAINING UPSIDE LEFT -They should appoint a CEO as soon as possible. I expect it will be one of the recently appointed directors but I doubt institutional investors love a 70+ year old being exec chairman (and not having a CEO)TICK (HOORAH) |
Posted at 10/1/2024 10:07 by this_is_me The numbers have all been going in the right direction since the end of the lockdown and the share price has mostly been in the trading range 14-17p for a couple of years.I expect the share price to rise at some point, meanwhile the dividend pays me well to wait. |
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