The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Should stop the rot. But we may have to wait for the actual half year numbers in a week or two's time, before the shares solidly head back north again.
Shows the concerns in the last statement are unfounded for now. Very undervalued! Divi tomorrow too.
Yes, I've been around a long time, but I managed to average down when it dropped to 5p, so I'm now sitting on a tidy profit. But there's more to come...
Back into the 20s? You must be a very long term holder.
More unflattering reporting by Alliance News, with its focus on "unchanged" statutory profit and “soaring” admin expenses.
The expenses are merely a reflection of the increased size of the company (turnover up 144%)!
In any case, £1m of them were one-off items - without which statutory profit would have been £2.3m, an increase of 77% over the previous year.
Moreover, since these costs are, by definition, not expected to recur, we can look forward to the same sort of increase in statutory profit for the current year.
This should at long last get us back into the 20s...
"Better than expected results from APL" is the real story.
Despite that, Alliance News manage to give it a negative spin, which may be why the SP hasn't reacted as one would expect.
Great news despite muted SP reaction.Perhaps finals will be brought forward as some Audit work is clearly complete
Very solid ,exceeding expectations & £5mill cash-no complaints
Looks like a lot of holders are moving their CRU shares into ISAs today, which would explain the anomalous share price movement. Things should settle back down again in April.
tipped today by Simon Thompson in Alpha report with a target of 22.5p
Solid presentation with JG being more dynamic than he may first appear & ,most importantly, newly acquired subsids all doing well & he is confident of the future + likely to be more acquisitions
Good results & outlook & JG is confident & seems to be managing our substantial growth spurt in H1 well & our subsidiaries are performing well against an uncertain economic background.
Interesting so hear his voice at Investor meets on Wed & he is clearly trying to improve our lowly rating
£.5.6mill acquisition ,utilising the majority of our free cash-nich,high margin,but ,in my opinion higher risk due to supplying sectors which are likely to be affected by The Recession.
Positives are minimal dilution & ,if successful our dividends will continue to increase & our SP should follow that -at some point in the future
Announced today-£300k for a company with revenues approaching £3mill & bought at Net asset value looks like a decent bolt on as next door to a subsidiary & we can use spare capacity to expand our manufacturing there-all at fixed low energy costs.JG seems to be building a decent group which remains debt free & cash rich.Lets hope that demand for our products remains solid in a tricky economy
Yeah, a scintillating performance by a company that "will remain relatively unaffected by the current turmoil in energy prices".
Our new brokers should have little difficulty "selling" the company and getting the SP back to 20p+, where it belongs.
Very strong,fixed rate energy removing that uncertainty,increased dividend & AGM later this month.With an 8 % yield no debt & further growth opportunities ( despite the difficuly economic scenario) CRU continues to be a decent stock to hold in these uncertain times.
Whats not to like & dividend increasing + existing subsids continue trading well.We will have to hope that we somehow mange to avoid the ravages of economic uncertainty & inflation !
Looks like a solid enough earnings enhancing acquisition(with asset backing) to me & following our previous acquisition earlier this month, the perception regarding CRU may start to shift , operating in a perceivably unexciting sector ,with many potential operational risks ( with view to inflation & a slowing economy)but we could be re rated with view to our expected growth ,without,as yet , issuing any new shares.
Starting to put the cash pile to better use in an "earnings enhancing" acquisition. Just what the market's been waiting for.
Yes, it's unalloyed good news...
Unexpected pleasant surprise from CRU this morning -ahead of expectation !
today of 100k ?
As I thought & I reckon that BDOs final Audit fee for the Group & subsidiary accounts was through the roof .I am sure that there are several top 20 firms who will be very pleased to win a quoted company client & happy with a much more modest fee-assuming our CFO,who has been in situ for a few years, continues doing a decent job.
So it turns out to be positive news - a reduction in audit costs.
Document now available
Statementunder519 of the Companies Act 2006 ("the Act")
To the Directors of Coral Products 02429784
In accordance with 519 of the Act we detail the following reasons for ceasing to hold the office of auditors;
the client changed auditors to a Firm more commensurate with the size of the business.
This is not considered to be an exempt reason as set out in s519 A of the Act.
We confirm that none of the reasons for us ceasing to hold office and no matters connected with our ceasing to
hold office to be brought to the attention of members or creditors of the company.
https://find-and-update.company-information.service.gov.uk/company/02429784/filing-history