Coral Products Plc specialise in the manufacturing of plastics for the media packaging industry, such as video and cassette boxes, compact disc cases and
housewares.

Nice value play.

No volume and down 18%, could the dollar weakness be the responsible?

Any views?

Steadily recovering, only 6% down now.

Their results are due soon, 1 December I think, and having watched the price drop I can only imagine that someone knows the news is not good. I bought quite a lot in the summer thinking it a value play. I tried to sell the other day and had difficulty because there are only two market makers, each offering low prices and would only buy 1000 shares at a time.

RESULTs OUT TODAY - up 12%

"Business in the first quarter started slowly, however, there has been a major
improvement in the past three months, which has enabled us to report steady and
improving profits and increased earnings per share for the half year to 31
October 2003."

Summary
Six months Six months
ended ended
31 October 2003 31 October 2002

Turnover 11.0m 9.9m
Pre-tax profits 1.04m 1.01m
Earnings per share 3.58p 3.43p
Interim dividend 1.05p 1.05p


* DVD case sales continue to rise with increased demand.
* Video box demand at full capacity at the end of October.
* CD case sales in line with expectation.
* DVD production capacity increased with the installation of a further new
DVD case line.