dave297
11 Oct 2017
AGM Statement Following the outlook statement last month we expected an improvement in trade ,as advise D by JG , but still good to hear that we continue to trade well with stable margins & if this continues we could see an increase in the dividend when Interims are published in Dec.In recent years our plans have been severely hampered by events which were not anticipated,i.e.the bad debt in 2016 & the disaster @ Mouldings ( resulting in the departure of our CEO & FD).Perhaps we will have a disaster free period & our much more diverse group ( than it was 2/3 years ago) will fire on full cylinders & enable our SP to recover & move forward.I still consider it likely that when JG is ready to retire he may engineer a disposal in order to realise the value of his holding.Continues to be a high yielding slow burner.
Shmully
14 Sep 2017
Finals - Extremely Disappointing With all the acquisitions JG has made the company is no further on. It's probably in a worse position than it was 2 years ago. He keeps harping on about the increase in turnover and all the new products they are manufacturing - 90 new automotive products since March 2017. How has it helped the profits? He clearly states that Interpack, Tatra and Global are inline and in some cases are exceeding expectations. If that is the case then Coral is losing a shed load of money and that confirms to me that taking on automotive products is a killer as I have stated in a previous post.The Coral plant needs sorting out properly. We are now on our third CEO in 3 years, let's hope he has the balls to sort it out once and for all.
dave297
14 Sep 2017
Re: Finals Today Market clearly impressed-not but I am sure that JG will buy his customary few shares following the dip & a strong sign of confidence in our expected performance in the current year would be to see all Directors & senior managers increasing their holdings .After all at todays buying price they will get a yield of approaching 5.5% which they may expect to increase substantially if this year is as good as JG expects it to be
dave297
14 Sep 2017
Finals Today The second half downturn was well signaled & great to see a final divi being paid ( albeit at an understandably reduced level).The Balance Sheet is a bit more stretched but we have had to build up inventories in our car component division & have acquired more assets over the year,apart from the investment in Haydock.We are almost 5 months into our current financial year so JG has good visibility as to the likely outcome & he appears to be pretty optimistic.CRU has always been unlikely to be a super growth stock but our revenues & diversity are growing as will,hopefully, our dividend again this year so on a yield currently of 5% & the possibility of a recovery in our SP as we demonstrate improved results I have no plans on selling my holding.Lets hope that there are no more unpleasant surprises , our new COO performs well & we continue growing revenues & profitability.
Shmully
06 Sep 2017
Results This company is going from bad to worse regarding keeping shareholders informed.Results were always announced in July except for last year which was August. It's now September and the Chairman hasn't had the decency to explain why there has been a delay in announcing the results.
dave297
09 Jun 2017
Trading update Encouraging update & will hopefully result in the maintenance of our generous dividend
dave297
30 Apr 2017
Year end today Cru have generally been poor over the years at communication with shareholders/stakeholders.With view to the dire profit warning earlier this year & the subsequent announcements regarding asset purchases & new contracts in new business areas(automotive) I would have thought a trading update next week would be very useful in rebuilding confidence,improving our SP & enabling the issue of new shares in respect of any prospective acquisitions @ a higher price.Let's see !
BADDOGREX3
24 Mar 2017
Re: Machinery Agree that there must have been a good reason for the machinery purchase and it will have been a real bargain. One not to be passed by.If utilisation is below capacity it is possible to grow the business and the numbers will fall in line One needs to remember that several Executives reporting this previous performance and responsible for steering the business using the numbers as a guide seemed to have failed and are now "Pursuing personal interests" The new people at the helm at Haydock doubtless have a very clear view to where they are steering the ship.They doubtless realise that Joe is giving them his full backing but that the Gulag awaits those who cant cut it..
Roger Baron
24 Mar 2017
Re: Machinery One rarely pays over the odds when buying assets from the Receiver.Somehow I don't think they would have bought them if they weren't going to get used.
Shmully
24 Mar 2017
Machinery A question was asked at the AGM last September regarding machine utilisation at the Coral plant in Haydock. Mr Zandona said it was running at approximately 60% - pretty poor! He said that this would increase in early 2017 as they were negotiating new contracts. We then had a profits warning in February. Now they are buying more equipment and getting involved in manufacturing parts for the car industry. The car industry is notoriously competitive and Terms can be prohibitive.They need to fill their existing capacity before they get involved in buying more equipment. Coral's communication skills with shareholders continues to be dismal.
BADDOGREX3
24 Mar 2017
Re: Asset acquisition New machines at bargain basement prices from receiver.I brought stock from the receivers some years back and paid only 10p in the pound of actual cost .So this looks like a real prize for a company that's a going concern.Automotive product production seems like a good direction.. Well done Coral... Must not count chickens but cant help it. Nice to hear good news.
dave297
24 Mar 2017
Asset acquisition Very positive announcement today regarding a £600k asset acquisition & contracts which have the potential to be long term & presumably profitable.Pity we werent updated more generally on trading since the previous dour RNS
BADDOGREX3
07 Feb 2017
Re: Trading Update Posted last year Wish I had the good sense to heed my own advice.. If I had I wouldn't be sat here posting this twaddle but sitting on my own dessert island with my gorgeous Girl friend who does everything she is asked with out question and never asks questions or answers back.Reality is some what different..Never was much good at choices Will put this in the bottom draw..Do we follow Joe and buy 100,000 or do we have better uses for £14000 quid?
BADDOGREX3
07 Feb 2017
Re: Trading Update Dont panic over China growth faltering ......We are a little smug here in GB because our Economy grew at 1.5 % last year.We are talking basic statistics .......Basic Statistics indicates to me that by examining the 5 year chart that our share price is bound to reconnect with the 200 day average .Today that is 14pence!!!!!! That is a little unnerving for those who have just bought in at above 20pI have just raked this post up from last year.Just shows how utterly brilliant I am...If only I were to take heed of my own advice and act on it I would not be sitting here posting this rubbish but sitting on a beach on my own desert island with my beautiful girl friend who does every thing she is asked with out question Never ever answers back ...Back to reality ..Put up the 5 year chart and count how many times the price has contacted and indeed fallen through the 200. Ask your self without emotion how you decide on when to buy in ? On a Tip or on cold calculation? You could be asking for a spanking in my opinion.The Chinese sell off is potty but so is most of the world. It could result in CRUs price revisiting the 200 in short order. Hold for the long term? Put it in the bottom draw again with all the others? it will recover with time? Look at the 5 year to see how many times we have climbed above the 200 That gives an idea of the number of selling opportunities where one can exit with a profit after our purchase below the 200.Basic logical investment sense.More View thread 2 Respond Neighbourhood WatchRespond
Roger Baron
27 Jan 2017
Re: Trading Update He has bought 100,000 today Dave.Bought some myself too and paid less than he did apparently.
