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

By Steve Moore | Tuesday 11 June 2024


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 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?
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