dave297
27 Jan 2017
Re: Trading Update Disappointing & sudden departure of CEO & FD suggests that JG was not aware of the problem-especially as the Interims early in Dec made no reference to major problems brewing.If he retains faith in CRU he will have bought more shares today but he may have had enough & I would take 20p from a cash buyer ( ie per share not for the company )
Shmully
27 Jan 2017
Trading Update JG may be very astute at making acquisitions, however he is clearly clueless as to employing the right people to do the job. Two CEOs in 2 years is ridiculous!
BADDOGREX3
07 Jan 2017
8% Down on a 100,000 volume? What is going on This is a dividend paying stock with growth prospect
nk1999
29 Dec 2016
From III [link] - Afternoon Update&utm_content=1013183253254&utm_medium=email&utm_source=SmartFocus"Coral ProductsTip price: 20p | Current Price: 19.75p | % change: -1.2%Injection moulded plastic products manufacturer Coral Products (CRU) has made a lot of progress in the past year, but the share price has not.Early in the year, Coral made two acquisitions. Rotolac was acquired from administrators for £160,000 and took the group into new markets, including aerospace and medical. Global One-Pak was acquired for an initial £3.6 million in cash and shares and it makes lotion pumps and trigger sprayers. The Manchester factory acquired with this business has been retained, alongside the main Haydock factory.The latest interims show underlying pre-tax profit improved from £723,000 to £916,000 on revenues that had grown from £8.26 million to £10.8 million. There were additional shares issued to help finance acquisitions so underlying earnings per share were slightly lower at 1.03p. Investment in capacity has meant that net debt reached £5.2 million at the end of October 2016.Full-year profit is expected to rise from £1.47 million to £2 million thanks to contributions from acquisitions, although this figure has been trimmed because of the weakness of sterling affecting the prices of products that are imported.Earnings per share (EPS) are expected to grow from 2.2p to 2.3p, even though there is likely to be a small tax charge in 2016-17. The shares are trading on less than nine times prospective earnings with further growth set to come.Anyone who bought the shares at the beginning of the year would have received 1p a share in dividends, which is a 5% yield. A dividend of 1.2p a share is forecast to be paid in 2017, providing a forecast yield of 6%. Further acquisitions are likely and this could help to utilise spare capacity at the Haydock factory."
Roger Baron
08 Dec 2016
Re: Interims today Looks good to me. No regrets about recent top-ups to my holding. I expect price to be higher in 12 months, in meantime very attractive yield.
dave297
08 Dec 2016
Interims today Solid not stellar results, & a little disappointing, but demonstrating a now a much more diverse group than just a year or two.A 10% increase in the divi is very welcome & I am encouraged by the substantial increase in export sales (possibly helped by the weaker £
although we did suffer currency loss on imports.On track for the current year & the Final divi is likely to be increased to so remaining an investment offering a decent yield together with decent growth prospects.
dave297
29 Oct 2016
Interesting to see our SP holding up despite news in the filed accounts that one of our major customers(presumably of one of our recent acquisitions) has decided to manufacture in house rather than continue with their supply agreement with us.A separate RNS was not issued & presumably we will have to await the Interims early in Dec , unless a period end trading update is issued in the next week or two.
dave297
09 Oct 2016
Re: Good News It took a long time fr us to reach & exceed 20p & we have been supported twice at this level in respect of fund raisings,mainly by Miton,20p will hopefully provide the current floor.Assuming that our Interims are strong ,the dividend increased & the outlook statement is positive perhaps our SP will drift upwards towards 30p,providing us all with a capital uplift & particularly Miton who deserve an uplift in their valuation here as they have supported our growth plans when many others wouldnt
BADDOGREX3
08 Oct 2016
Re: Good News What is wrong with the Markets perception of CRU?Its a turnaround story with proven improvement in both prospects and ProfitsWe are on track to achieve expectations for this year.Dividend is improvingYet we are stuck in this miserable trading range.When is our Share price going to reflect the situation ?Volume has again dried up to a trickleFrustration is the word
dave297
30 Sep 2016
Great news We are on track for further growth in the first half,which ends soon & with more to follow.The Interims will include results for 6 months of all 3 of last years acquisitions & there is scope for further efficiencies from both Warrington & Wythenshaw.I reckon that turnover & operating profits will show a decent improvement & the hint was that we may be winning business from overseas companies exporting into the uk due to weaker sterling.We have continued generating cash,I assume,so our gearing will be rapidly reducing & our dividends this year could show a decent increase.
BADDOGREX3
28 Sep 2016
Good News On Track inspite of all Well Done Joe and your very able team.
BADDOGREX3
13 Sep 2016
Re: Volume has just shot up 12 Sep 2016 Commodity Channel Index Short-Term Bullish 21.25 n/a 12 Sep 2016 Price Crosses Moving Average (200-day) Long-Term Bullish 21.25 n/a 12 Sep 2016 Price Crosses Moving Average (50-day) Intermediate-Term Bullish 21.25 n/a 12 Sep 2016 Price Crosses Moving Average (21-day) Short-Term Bullish 21.25 n/a 08 Sep 2016 Momentum Short-Term Bullish 19.00 n/a 02 Sep 2016 Short-term KST Short-Term Bullish
dave297
13 Sep 2016
RNS today Interesting & encouraging to see 2mill options issued to Rob ( new CEO) to be exercised between Sept 18 & expiring Sept 26, + 550k options on similar terms to 4 senior employees,ie 21.625p price.This shows a long term perspective & I presume that Rob & the senior employees consider the options to have value which motivates & incentivises them to work hard & achieve targets.
Shmully
13 Sep 2016
Re: Volume has just shot up Shouldn't be too long before we break 25/26p!
BADDOGREX3
12 Sep 2016
Re: Volume has just shot up Dave I think you are correct and that this one may be transformational. We have breached the 200 sma on good volume and on a rising trend, the tea leaves indicate that is a good omen. We have taken out the bears and now sit on the brink of upper price Resistance.Will we break through tomorrow??
