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% 4.75 60,819 08:00:13
Bid Price Offer Price High Price Low Price Open Price
4.50 5.00 5.00 4.75 4.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 24.73 0.04 0.10 47.5 4
Last Trade Time Trade Type Trade Size Trade Price Currency
16:08:36 O 5,000 4.50 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 4.75p.
Coral Products Plc has a 4 week average price of 4.75p and a 12 week average price of 4.65p.
The 1 year high share price is 10.25p while the 1 year low share price is currently 4.15p.
There are currently 82,614,865 shares in issue and the average daily traded volume is 107,721 shares. The market capitalisation of Coral Products Plc is £3,924,206.09.
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: In fairness to Clocktower, he has invested his hard earned cash & is looking for reasons to be cheerful as virtually impossible to ramp a tiny micro stock like Cru, in an unloved sector & with a very chequered history-apart from a few months a few years ago when our share price nudged 20p - & I should have sold.If Cru can demonstrate profitability, sustain it together with revenues of £25-£30mill our value will be more than £3.5mill & someone will buy us & as JG must be in his mid 70s , I expect he will considering Estate Planning & as much as his shares may avoid IHT , he will be aware that the best chance his Estate have of getting a "decent" price is if he sells it.If he & Board believe in our future they should take the Miton overhang for , say 4p -which they could be a great price if an exit can be achieved at 15p Should we slip below 4p I will buy more !
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
sitrep: Vials are glass for a reason mainly due to temperature. CRU have no capability to manufacture anything for the medical space. This is specialist highly regulated work and CRU (and Haydock facility) is not even close to this capability.
clocktower: One other product they might start producing is the plastic Lateral Flow Device. There is I assume going to be a huge demand for plastic items to meet the likely demand of this and other products that will need to be obtained rapidly - so one can only assume the makers of these test kits will be looking for UK suppliers (like CRU) to make these millions of products, as any lead time from China is out of the question. If CRU are quick on their feet, i am sure there are going to be a huge number of openings, in fact seeing how the turnover has grown in a short time (last RNS) I wonder if JG has already seen the start of something huge and orders rolling in for goods that the company is well placed to supply. We also know that Coral has spare capacity and will be able to meet any demands.
dolittle1: Crash incoming with large shareholder reducing/exiting. Does not bode well for share price.
clocktower: If your correct charo, he will be able to pick up plenty of stock on the cheap, as sellers continue to lead the way. I expect the news of this new lockdown is having that effect, as some holders must just need to raise cash to be able to weather the storm. Personally, I think CRU will have learned so much from the first lockdown, and due to the nature of the business will be able to manage the situation well, and may even be in a far better position because of the type of products CRU supply. All those spray nozzles will be in high demand again plus more online businesses seeking suitable totes etc.
clocktower: A reasonable analogy Aleman. Let`s hope that the banks just keep the plug hole in the boat well hammered down, as CRU may not be able to bale out fast enough if they pulled the plug. I doubt they would do that though, as it will not be in their best interest to do so, and as banks are looking for homes for cash that generates income, they will not be keen to pull the plug on any business that generates cash. The problem banks could have is a problem with any fall in the house prices and people keeping up mortgage payments due to unemployment and dropping wages. We are yet to see the real problem but 2021 will be crunch day imo. Luckily for CRU big money going into online business and building projects to support the bounce back.
clocktower: charo, I am not worried and neither should any other investor should be, as we have been here before and I expect CRU with JG`s helping hand will get CRU out the hole that others have helped dig but JG could clue up when it comes to stakeholder news through social media. He has never been the best communicator but of late he is the worst, which results in the sort of performance of the share price currently. The first errors were paying dividends, rather than cutting debt, the second was getting into the auto business, along with some of the people that have been hired while he was day dreaming in Spain I believe (correct me if I am wrong). Took his bum off the chair and lounged in the sun, now its costing us and him - plonker! In the past he dug deep at these times but maybe he is tight for cash as well now, and his pension(CRU stock) has been blown but then again, unless he lives to 100 I guess he is not concerned, as I guess he has already purchased his coffin.⚰
base7: I have been invested since JG came aboard & my rationale was right in that he has built a diversified group & moved completely away from video/dvd covers ( which would have had us in administration).However,just as optimism builds & our share price starts to recover there has,with monotonous regularity,a series of disasters,My holding could not be easily sold in The Market & I bought originally in the hope/expectation that JG would "fatten" it up for sale ,which is when I would exit.I doubt whether he would sell now,unless he has issues forcing his hand, as the time to sell would be , if CRU could achieve it, after 3 or 4 positive ( & disaster free) trading updates,enabling a recovery in our share price & then a sale at a modest premium - say 30p ,as opposed to currently,when we may be lucky to get 15p.Encouraging to see our share price firming & we should presume there is a reason which we are not yet privvy to .
Coral Products share price data is direct from the London Stock Exchange
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