Coral Products

CRU: 11.90 0.00 (0.00%)

Delayed:2018-02-23 16:57:12
Bid Price 10.50 High Price 11.90
Ask Price 12.00 Low Price 10.75
Open Price 10.75 Spread 13.33%
Prev Close 11.25 Volume 2,766.00

Coral Products Share Price Chart

Intraday

Historic - 1 year


Coral Products Share Price Information

Name Coral Products Epic CRU
Sector General Industrials ISIN GB0002235736
Activites Coral Products plc began life in 1991 primarily to service the expanding VHS market with a range of cassette library cases that both met the market demand for quality and the customers demanding fiscal targets. The Video products range was complemented by a leading range of housewares under the growing supermarket own label ranges using the same principals. The success of this strategy drove the companys growth and this in turn led to the companys stock market flotation in 1995, the proceeds of which were ploughed back into the business in the form of a state-of-the-art CDJewel case production facility which remains the envy of our competitors to this day 2000 saw the addition of DVD library case production with ISO 9001 accreditation being awarded to the company in 2002. The following year saw the company enhance its DVD products to embrace the popular Red TagTM retail security system under licence from Dubois Ltd/AGI Amaray. 2006 was an exciting year for Coral bringing the manufacture and distribution of the popular Australian designed pre-school disc packaging Kidz Case with diversification into a wide range of other packaging solutions in partnership with a number of prestigeous clients Our continuous pursuit of product excellence, renowned logistics and commitment to customer care has led us to become one of the leading names in the industry, and has enabled us to achieve an enviable blue chip client base, which include quality and service driven replicators including: Cinram, EDC, MPO, Arvato, & Technicolor. Coral also works in tandem with international studio clients Paramount, 20th Century Fox, Universal Pictures & Warner Home Video alongside a large number of their national counterparts to design title specific solutions providing all parties with unique, valued added solutions. To diversify the companys offer, products for the storage and medical markets joined the portfolio in 2007 & 2008 along with recognition for the company's environmental efforts in the form of ISO 14001 certification - underlined in 2010 by the award by Sony of their coveted 'Green Partner' status. 2009 saw further diversification with the launch of a range of uniquely innovative solutions for the domestic recycled waste collection industry, local authorities and others in the form of Kerbside Recycling Boxes (Crates), Food Waste Caddies and associated accessories. Coral is, and will remain, one of Europe's leading independant manufacturers and suppliers of library cases for recorded media at the same time growing by broadening its offer across a wide spectrum of manufactured products. Security Type Equity

Key numbers

Latest Share Price (p) 11.25 Net Gearing (%) 42.19
Market Cap (£m) 9.29 Gross Gearing (%) 44.88
Shares in issue (m) 82.61 Debt Ratio 17.55
P/E Ratio 20.46 Debt-to-Equity Ratio 0.26
Divs per share (p) 0.70 Assets / Equity Ratio 1.81
Dividend Yield (%) 3.29 Price to book value 0.67
Dividend Cover 1.49 SROCE (%) 2.81
Earning per share (p) 0.55 EPS Growth (%) -50.89
52-week high / low (p) 17.25 / 8.38 DPS Growth (%) -30.00

Coral Products Broker Views

Date Broker Rec. Price Old target price New target price Notes

Coral Products Director Deals

Date Director Type Volume / Price Trade Value
02 Feb 2018 David Low Buy 30000 @ 10.74p £3,220.50
02 Feb 2018 Sharon Gramauskas Buy 153774 @ 9.74p £14,977.59
02 Feb 2018 Mick Wood Buy 103357 @ 9.54p £9,860.26

Coral Products Company News

Director Deals - Coral Products PLC (CRU)

Sharon Gramauskas, Financial Director, bought 153,774 shares in the company on the 17th January 2018 at a price of 9.74p. The Director now holds 153,774 shares.


Story provided by StockMarketWire.com

Director deals data provided by www.sharesmagazine.co.uk

Director Deals - Coral Products PLC (CRU)

Mick Wood, Chief Executive Officer, bought 103,357 shares in the company on the 24th January 2018 at a price of 9.54p. The Director now holds 103,357 shares.


Story provided by StockMarketWire.com

Director deals data provided by www.sharesmagazine.co.uk

Coral Products swings to loss, scraps dividend

Specialist plastics maker Coral Products scrapped its interim dividend after mounting losses at its Haydock manufacturing facility sent it into the red.

The company booked a pre-tax loss for the six months through October of £7k, swinging from a profit a year earlier of £718k.

Revenue rose by 10.8% to £11.91m, while gross profit rose by 15.1% to £4.04m.

The interim dividend was suspended in line with a strategy to pursue organic growth, the company said.

"Results to date in the current financial year have been disappointing mainly due to the continuing losses at Coral Products Haydock facility," chairman Joe Grimmond said.

"Following the appointment of Mick Wood, COO, a comprehensive review of operations at the Haydock facility has been carried out. Problems have been identified and actions taken to resolve them during this financial year."

The review highlighted non-recurring costs of £425,000, related to one-off set-up costs for the automotive business, as well as the write off inventory.

As a result of those losses at Haydock, it was unlikely the group would do better than break-even in the current financial year, Grimmond said.

"All the other subsidiaries remain substantially profitable and as a result of the actions being taken at Haydock we remain confident of the group's future prospects," he added.


At 2:47pm: (LON:CRU) Coral Products PLC share price was 0p at 9.38p



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Coral Products warns on profits

Plastic products maker Coral Products PLC said its annual results would be materially below market expectations due to costs identified during a review of its production facility in Haydock.

The review resulted in slow-moving and obsolete stock worth £225k being written off, the company said.

In addition, costs of £200k were incurred converting fixed assets acquired from ICM in March in order to meet automotive industry customer requirements.

Significant capital expenditure incurred during H1 resulted in an increased depreciation charge of £244k, while associated financing costs were £58k.

As a result of these costs, which total £727k, the company said it expected to incur an interim pre-tax loss of around £7k, compared to a profit in 2016 of £718,000.

The outlook for the second half of the financial year ending on 30 April 2018 was expected to result in a small profit after non-recurring items, it added.


At 2:56pm: (LON:CRU) Coral Products PLC share price was -2.25p at 9.75p



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All resolutions passed at AGM of Coral Products

Coral Products has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting.




At 1:14pm: (LON:CRU) Coral Products PLC share price was +1p at 14p



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