Coral Products (CRU)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

 4.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 9.90
  • 52 Week Low: 4.15
  • Currency: UK Pounds
  • Shares Issued: 82.61m
  • Volume: 56,113
  • Market Cap: £3.92m
  • RiskGrade: 327

Coral Products warns on profits after automotive slowdown

By Iain Gilbert

Date: Tuesday 26 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Plastics manufacturer Coral Products warned investors on Tuesday that its full-year results were set to be "materially below" expectations setbacks in the auto and retail industries.
Despite a "strong recovery" in the first half of its trading year and an "encouraging start" to the second half, Coral revealed that a number of key factors had adversely impacted its performance in the latter part of the second half.

Coral, which manufactures and distributes plastic injection, extruded and blow-moulded plastics for sectors including food packaging, personal care, household, healthcare, automotive, telecoms and rail, was hit by a downturn in business generated from the automotive industry and significant delays in delivery of totes ordered from a major online retailer in the period.

As a result, the AIM-listed group now expects its results for the year ending 30 April to be below both management and market expectations.

In the six months to 31 October 2018, Coral reported a profit before tax of £582,000. This was followed by a loss in the four months to 28 February 2019.

As of 0820 GMT, Coral shares had crashed 38.78% to 7.50p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Coral Products Market Data

Currency UK Pounds
Share Price 4.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 9.90
52 Week Low 4.15
Volume 56,113
Shares Issued 82.61m
Market Cap £3.92m
RiskGrade 327

Coral Products Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.20% above the market average86.20% above the market average86.20% above the market average86.20% above the market average86.20% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
55.88% below the market average55.88% below the market average55.88% below the market average55.88% below the market average55.88% below the market average
86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average86.67% below the sector average
Income
49.70% above the market average49.70% above the market average49.70% above the market average49.70% above the market average49.70% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
62.82% below the market average62.82% below the market average62.82% below the market average62.82% below the market average62.82% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average

Coral Products Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Feb-19 08-Nov-18
Paid 28-Mar-19 20-Dec-18
Amount 0.25p 0.25p

Trades for 26-May-2020

Time Volume / Share Price
13:30 35,940 @ 4.58p
12:01 20,173 @ 4.90p

Coral Products Key Personnel

Finance Director Sharon Adele Gramauskas
CEO Michael (Mick) Wood

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