Coral Products – more trading chaos and also management chaos…

Previously on plastic products company Coral Products (CRU), in April with the shares falling below 6p I wrote ‘12:20pm profit warning, just when did ‘adversely affected by established and new contracts timing’ become clear to management?!’. Earlier this week there was a 2:59pm announcement that “Robert David has resigned as Group Operations Director” and today a 12:41pm “Board Changes and Further Trading Update” announcement. Unlikely to be good news then!…

Coral Products – 12:20pm profit warning, just when did ‘adversely affected by established and new contracts timing’ become clear to management?!

Plastic products company Coral Products (CRU) has issued a “Trading Update” at 12:20pm – surely a rapid trading development meaning standard 7am publication was not possible then?…

Coral Products (#CRU) – “agreed to purchase the assets of AAC Cyroma Ltd from its liquidators for a total consideration of £95,000”

Coral Products – full-year results emphasise now “trading ahead of expectations”, but why no details of that?

Plastic products company Coral Products (CRU) has announced results for its year ended 30th April 2025 including emphasising “excellent operational and commercial progress made… the results for the first five months of this year are encouraging, trading ahead of expectations”. How is that relative to a currently more than 12% higher share price in response at 9.25p?

Coral Products (#CRU) – FY return to profit, currently “trading ahead of expectations”

Coral Products (#CRU) – H1 swing to loss, reckons now “well positioned… to deliver a much improved performance”

Coral Products – “Property Sales and Insurance Claim Settlement”, why’s it been half-year results that dare not speak their name?

Designer, manufacturer and supplier of plastic products Coral Products (CRU) has issued a “Property Sales and Insurance Claim Settlement” announcement including “the outcome being a material improvement to our working capital and balance sheet and to the overall financial resilience of the group. Together with the cost efficiencies we continue to target, we are in a much stronger position as we enter 2025”. What about this and a current share price response 16% higher to 7.25p?

Coral Products (#CRU) – exchanged contracts for £1.7m properties sale for leaseback and agrees to receive £0.9m as fire insurance claim settlement

Coral Products – CEO to leave, and further financial desperation?

Most recently writing on plastic products company Coral Products (CRU), earlier this month with the shares falling below 6p I noted it arguing financial ‘resilience’ but I questioned detail that dare not speak its name. The shares had recovered a bit to most recently close at 6.25p and now a “Directorate Change” announcement.

Coral Products – “now expected to record a loss”, argues financial ‘resilience’ but detail that dare not speak its name?

Most recently writing on plastic products company Coral Products (CRU), last month with the shares down to 10.25p on the back of the company’s results for its year ended 30th April 2024 I concluded that it was not further trading performance comfort at that juncture for me to reconsider from avoid. What of now a “Trading Statement”?

Coral Products (#CRU) – warns FY trading “now expected to record a loss”

Coral Products – full-year results, currently “an overall negative margin mix”

Most recently writing on plastic products company Coral Products (CRU), in June with the shares at 13p I concluded that I look for balance sheet and further trading performance comfort before reconsidering from avoid. What now of results for the company’s year ended 30th April 2024? – and the shares currently a further approaching 9% lower at 10.25p in response?

Coral Products – “in line with recent market expectations”, but how creditable is that?…

Plastic products company Coral Products (CRU) has announced trading “in line with recent market expectations” and “intention to reinstate an interim FY24 dividend of 0.25 pence to shareholders on the register at the close of business on 26 July 2024 and to be paid on 23 August 2024. In addition, a final dividend will be proposed”. So what of the shares still down from approaching 18p as recently as January to a current 13p?

Coral Products – trading statement, how’s the “well positioned to meet targets for the year” from less than seven weeks ago looking now?…

Half-year results last month from Coral Products (CRU), “a specialist in the design, manufacture and supply of plastic products”, noted “while the market remains challenging, group is well positioned to meet targets for the year”. So what of a “Trading Statement” today?

Coral Products (#CRU) – H1 adj. EPS up to 1.27p, DPS maintained at 0.50p, FY “well positioned” though “market remains challenging”

Coral Products (#CRU) – appointment of Lance Burn as CEO and Joe Grimmond to move to non-exec, H1 “in line with market expectations”

Coral Products – full-year results, remains a value Buy

Designer, manufacturer and supplier of plastic products Coral Products (CRU) has announced results for its year ended 30th April 2023 and that, whilst it is mindful of macroeconomic and geopolitical risks, it remains confident about the current prospects for the business. So what of a share price currently slightly up to 16.5p?

Coral Products (#CRU) – FY adj. EPS up to 2.60p, DPS maintained, “see significant further opportunity”

Coral Products – positive full-year trading statement, Buy

Plastic products designer, manufacturer and supplier Coral Products (CRU) has issued a trading statement including that unaudited management accounts indicate its year ended 30th April 2023 revenue and adjusted EBITDA are ahead of market expectations and that it “maintains a robustly healthy balance sheet with cash and cash equivalents of circa £5 million”. How positive is this from a current 16.5p offer price, £14.9 million market cap?

Coral Products – interims and confident of future prospects

Plastic products designer, manufacturer and supplier Coral Products (CRU) has announced results for its half-year ended 31st October 2022 and that, following investments made, it is “confident of the group's future prospects”.