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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Coats | CO. | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| Top Posts |
|---|
Posted at 12/7/2002 06:47 by cg1953 with respect.for any long term investor this one has been a disaster. over the past several years coats crashed from 3 pounds plus to a 30 year low of -22 pence a few years ago, to 56 today. i think that the jacob rothschild involvement along with a steady dividend is currently all so most supportive. |
Posted at 12/7/2002 02:44 by bird of dawning I see Coats as a classic defensive holding in this turbulent market. Originally I `pound cost averaged in' just before they divested themselves of the Viyella operation, in the wake of the M & S meltdown at that time (Coats Viyella's main customer in those days). Dewhirst was similarly affected.Its been an intrigueing journey, (for such a `boring' sector as textiles) since the price reached around 60p on the news leaking of Lord Rothchilds (failed)`concert party' attempt to take the company private, about 2 years ago. Its global, unregulated and post recovery, well suited to the `defensive' value investor, (being priced somewhat below its lowest intrinsic value). Likewise I'm staying in for the medium to long term. Thanks Knitcraft I will now check out the HDW comparison. Regards |
Posted at 06/5/2002 20:41 by bird of dawning As an asset/recovery play, it seems to me that Coats is very solid. P/Bk at 0.58 compares well with Dewhirst(DEWH) at 0.99. The huge discount to Net Working Capital is difficult to resist. Dividend has been maintained despite operating loss and continues to be the main attraction. Gearing net of cash at around 83% level is (just) acceptable.I have held shares in CO. for several years and was tempted to sell when the price briefly reached 60p; Why didn't I?...still beguiled by the solid dividend c/w asset base. By the way, for comparisons of other solid asset plays, anyone further interested may find it worthwhile to check out CEU. Similarly SIXH, LTHM and LFC. Albeit these last 3 are smaller companies than CO. they would probably have attracted the attention of legendary value investor Benjamin Graham, as all are selling at a substantial margin below Net Net Current Asset value (i.e.liquidation value) despite all three being going concerns with reasonable earnings records. |
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