Coral Products (#CRU) – H1 adj. EPS up to 1.17p, DPS of 0.5p maintained, “positive outlook”

Coral Products – acquisition expected to be earnings enhancing in first year, Buy

Plastic products designer, manufacturer and supplier Coral Products (CRU) has announced an acquisition of Ecodeck Grids Limited for up to £5.6 million and that it expects it to be earnings enhancing in its first year.

Coral Products (#CRU) – acquisition of building and landscape products business Ecodeck Grids for initial £4.35m

Coral Products – full-year results and “a strong start” to this year, Buy

Plastic products company Coral Products (CRU) has announced results for its year ended 30^th April 2022 and that it has enjoyed a strong start to its current financial year.

Coral Products – trading and dividend update, Buy

Plastic products company Coral Products (CRU) has issued a trading and dividend update ahead of results for its year ended 30^th April 2022, helping its shares further higher to 17.5p.

Coral Products (#CRU) – emphasises continuing progress, proposing 0.2p per share dividend

Coral Products – acquisition, anticipates earnings enhancing in its first year: BUY

Coral Products (CRU) has announced it has acquired Film & Foil Solutions Limited for £1.35 million and £0.75 million in shares at 15.5p each, with some further payments on settlements on a pound for pound basis, and stating that it “anticipates that the acquisition will be earnings enhancing in its first year”.

Coral Products – acquisition earn-out on its results better than expected, Buy

In our October tip of the month, we noted on Coral Products (CRU) its acquisition of Customised Packaging Limited, a plastic products producer using sheet extrusion technology and vacuum forming capabilities. Coral has now announced it will be paying an earn-out consideration to the vendors of Customised Packaging.

Coral Products – interims start to demonstrate profit potential, Buy

Plastic products company Coral Products (CRU) has announced its results for its half-year ended 31^st October 2021 and that it “remains confident of the group's future prospects”. This sounds encouraging.

Coral Products – Haydock property sale completes and adds to cash backing, Buy

Coral Products (CRU) has announced the completion of sale of its freehold premises in Haydock and that net proceeds of £3.5 million have been received. This has helped the shares up to 15.5p, but still the proceeds are quite material to a £12.5 million market capitalisation.

Coral Products (#CRU) – completes sale of Haydock freehold premises, receives £3.5m

SHARE TIP: Buy Coral Products

Shares in injection moulded plastic products company Coral Products (CRU) are still around the price they were at before an AGM trading statement despite the statement including that it “has enjoyed a very strong first half to our current financial period. The group will report sales and profits before tax substantially ahead of the same period for last year”. This suggests a buying opportunity.

Coral Products (#CRU) – substantially improved H1, dividend despite still challenges

Coral Products (#CRU) – £1.25m acquisition of plastic products business Customised Packaging Limited

Coral Products (#CRU) – conditional sale of Coral Products (Mouldings) Limited and Interpack Limited for estimated initial net cash consideration of £7.9m

Coral Products (#CRU) – results delayed “due to the current COVID-19 outbreak”, states recent trading “has continued in line with the trend reported in Q1”

Coral Products (#CRU) – Q1 update, benefitting from actions to cut costs and improve efficiencies

Coral Products – I having warned in May ‘doesn’t really inspire faith in the board’s confidence’…

Previously writing on Coral Products (CRU), in May I questioned director share purchases... but inspiring confidence?, concluding the announcement still doesn’t really inspire faith in the board’s confidence in its strategy and look forward to a year of continued improvement and, with the shares above 8p, I continue to avoid. Today the shares are currently down from 7p towards 5p on the back of an “AGM Statement”…

Coral Products (#CRU) – currently “below management's expectations”, noting “currency fluctuations coupled with extremely variable trading conditions”

Coral Products – director share purchases... but inspiring confidence?

“Coral Products plc (CRU), a specialist in the design, manufacture and supply of plastic products, announces that it was informed on 21 May 2019 that on that date Mick Wood, a director of the company, and Joe Grimmond, Non-Executive Chairman of the company, respectively purchased 37,037 ordinary shares and 50,000 ordinary shares in the company… In addition, Noelle Low, spouse of David Low, a non-executive director of the company, purchased 50,000 ordinary shares”. The shares have responded further higher, above 8p…