Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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?
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