Results I've been checking back through the records and Coral has never announced it's results so late.They are usually announced at the end of July or first week in August. It is very unusual, they must be linking it up with a major acquisition or some big deal. I think I will top up before it's too late.
Re: Broker Forecast 19th August this year apparently.
Re: Broker Forecast Wonder when results will be out? Was the end of July last year.
Broker Forecast I think the results will be good and maybe exceed the broker forecast. It's a good time to top upwhich I shall be doing tomorrow.
Re: Broker Forecast CRU has just been marked down by 4% on 16000 shares traded.MMs trying to flush out some weak holders? Or someone is discounting bad news to come?
Re: Broker Forecast We touched 16,8 today I guess that's the bottom. Will be adding tomorrow
New CEO Appointed today , which must be viewed as a positive as Joe was , until today, CEO & Chairman.He will have done his due diligence & can presumably see good prospects as CEO of a small but growing company.Presumably he will be awarded share options but as all of our senior management hold a decent number of shares I hope he also buys a reasonable holding
Re: Broker Forecast The results are usually released in August. That means after the IN/OUT Referendum. I doubt if with that pending market uncertainty there will be any action on the price other than the present treading water. That is until we know if we are in or out. Out will not be good for the markets in my opinion with an out vote we would almost certainly see 16p .Too risky to call yet.
Broker Forecast Daniel Stewart forecasts a rise in pre-tax profit from £1.2 million to £1.7 million in the year to April 2016. A full contribution from the acquisitions will help the profit rise to £2.4 million in 2016-17. Cash generation is expected to cut debt by up to £1 million over 12 months.This share is about to take off!
Re: 30/4/16 No trading update since Interims,but we know--Interpack should have continued to grow-other subsidiaries expected to be stable (inc media products)or growing -2 X crate orders presumably delivered to presumably Ocado valued at £2mill+-Neiman acquisition last summer-low cost ,diverse products all relocated & presumed currently profitable-acquisition from Administrator earlier this year for £160k-presumably profitable-final acquisition,not so cheap but growing & came with existing management to drive growth-we have been advertising for staff at 2 latest acquisitions,meaning either existing staff walked out or they are doing well & want to improve their management -weaker oil prices leading to cheaper raw material costs = higher marginsAssuming no bad debts I cannot see why 2016 will not have been a record year with prospects of strong growth in 16/17 aided perhaps by more acquisitions.We are still a tiny company & the support of Miton (recently at 20p)is very encouraging.I believe our SP is merely treading water ahead of the Results & I hope for a trading update in the next week or so giving an indication of the outcome for 15/16.I have a decent holding built up over recent years at an ave of about 12p but I will buy more if we fall decisively below 20p with view to an expectation of an increased divi,to say 1.25p,& therefore a prospective yield of over 6% at 21p
Re: 30/4/16 I don't follow charts, esp with a company like this that trades on such very low volumes.If price drops below 20p I will certainly be buying more and happy to sit it out until price recovers. Will be surprised if the next years' results are not much improved.(As Ben Graham said "In the short term, the market is a voting machine. But, in the long term, the market is a weighing machine"
Re: 30/4/16 If you go to the technical insight tab on iii you will see inidicative stop positions if you wish to trade the stock.Stop PriceFor long position: 19.36 For short position: 23.94 I don't normally put much weight on this as sometimes the difference can be massive; however when you look at the chart we have been stuck in a 20.00 to 24.00 band. This against a backdrop of recovering main indices.The acid test does appear to be 20.00 as I feel any drop below this will be due to the underperformance or a re-rating based on all the factors you have mentioned.Given the spread 21.00 to 22.50 it appears a coin flip to go in now but if you do hold it is tough to sell at 21.00. I wouldn't add at this point at 22.50My view FWIIW is to sell below 20.00 on bad news but hold at the moment for the potential breakout to the upside.DYOR - WTFDIK
Re: 30/4/16 I dont want to be overtly pessimistic but If the share price over the past few weeks is anything to go by we may be in for a nasty shock? Could the stock be poised to pay another visit to below the line of the 200 day sma.?We have been down there in 2013 and again in 2015 Brace yourself. Lots of Red on the more recent trades history. On the plus side The oil price has been good to us with rock bottom Napta feed stock prices keeping a lid on the price of plastics.The acquisitions may be making a contribution or have there been Gremlins hidden in the accounts,perhapse their not as good as was thought?I am wondering if I should sell up for safety or am I jumping ship just as the wind is about to pick up.Thoughts any one.
30/4/16 Is the year end & with view to our various acquisitions & contracts it will be interesting to see whether a trading update will be forthcoming.If another acquisition is forthcoming involving a further fundraising it will be a given.I am hoping for an excellent year & an increased dividend.
Moving up nicely Once the price breaks through 25p it should move up to 30p and beyond quite quickly as Coral's year end approaches. Hopefully the figures willimpress.