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Coral Products – notes “a much improved performance”, but what happened when it was previously positive?

By Steve Moore | Thursday 8 June 2017


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.


“Trading Statement” announcement from Coral Products (CRU) commences “Further to the company's trading update dated 27 January 2017”. What was that update then? Oh yeah… that “profitability for the year ending 30 April 2017 is likely to be materially below management's and market expectations”


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