I am surprised that there has not been any comment on this chat site since Christmas.
Wednesday saw a very high volume of shares traded with quite large parcels changing hands at 70p.
Longterm contributor, EI, sold his last shares at 68.88 and is "waiting to get back in." And while I have misjudged the market often in the past, I have a sense that he might be waiting quite some time as I suspect that the share is most unlikely to move back into the 65p to 69p range.
Coats is not a flashy performer, but the company's fundamentals are very good.
And while a climb to 80p, 90p, and 100p will take time, it now looks like both the underlying drivers of the share price and the substantial support for the current price are pointing to a steady upward movement over the next two to three years. |
justice, might be missing your point, but COA has markedly outperformed the majority of MCX stocks YTD. It's around 5% lower over 12 months, in a bear market.
I sold the last of mine at 68.88 so waiting to get back in. Having made a number of acquisitions over the last year
the market may want confirmation performance is as expected. For those who are more risk adverse, perhaps consider waiting for the next update. Covid's rapid spread in China may impact some of COA's manufacturing capacity. |
Very disappointing drop today. High volume, clearly a fund is reducing. Management need to get a grip. |
It looks like it, there's been a good rise. Perhaps professionals are crystallising gains by locking in put options for the new year now. |
Today was a HUGE drop. |
Think this is a share to trade.... Seems to be relatively stable as a business but swings with market vagaries, sentiment, etc.,. |
Thank you for your response.
So long as that's all it is! |
niklol
The share price is up @40% in a little over 2 months so inevitable profit taking has kicked in unfortunately. |
Any ideas as to the big share price drop today???? |
Still a classic!
Clinton Baptiste...I'm getting the word.....!. |
Decent news from Nike later today regarding demand could do the trick? |
Will this ever break 70p?? |
Sold my last lot at 68.88 pence on the last update, hopefully get a few back on a bad day.
Positive news. |
quality comapny |
The buy in for the pension scheme is is another big step towards fully insuring the scheme and great for the balance sheet. Liabilities significantly down and freeing up of cash flow, all good news. |
All in the CMS presentation I linked in an earlier post. |
 Liontrust Growth Fund October update - 9/11/22:
Coats Group (+20%) moved higher as investors reacted positively to a Capital Markets Day focused on the company’s footwear division. Coats has expanded the scale of its footwear unit significantly recently with the acquisitions of US businesses Texon and Rhenoflex. It has now issued medium-term sales growth guidance of 7% to 8% per annum for footwear, with an operating profit margin target of over 20%. This higher forecast for the division has shifted up the overall group’s medium-term targets (inclusive of its apparel and performance materials divisions) from 5% to 6% sales growth per annum, with an operating margin target of 17%.
Coats also reiterated the message, already conveyed within interim results, that it has been able to offset cost inflation through price increases and internal efficiency measures.
Pricing power has long been one of the most valued characteristics we look for in the Economic Advantage investment process, stemming in our view from the barriers to competition provided by companies’ intangible and difficult-to-replicate assets. |
Oh dear, my sells from earlier this week looking a tad cheap!. |
Does seem to be gaining a bit of momentum, although I expect a pullback at some point possibly around the recent placing price or the SMA200. |
Only got 9k left now.
Hoping to add those back lower, but plans can fall through as so often they do. |
On the move again, giddy up. |
disc, we all get things wrong especially me, often on an hourly basis, so no worries. |
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