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.
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!…
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