Coats Share Discussion Threads

[turbocharge] 05/3/2019 12:34

Making good progress, including some large buys just now:

12:09:35 1,062,490 @ 87.55 (87.4 / 87.6) BUY
12:09:15 1,200,000 @ 87.55 (87.4 / 87.6) BUY
12:09:02 2,400,000 @ 87.55 (87.4 / 87.6) BUY

[manurere] 04/3/2019 22:10

Turbo, Tomorrow might not be a repeat of today. Brokers are very cautious. But the patient investor will be most definitely rewarded within the next 36 months. The underlying manufacturing story is very sound. I expect Coats shares to hit 150 pence (approx $US2) within three years of today; the next three sets of annual results will be very positive. Dividends will also rise steadily. These projections do not include the impact of a slow devaluation of the British Pound following the ridiculous decision to leave the EU.

[turbocharge] 04/3/2019 16:27

Let's hope tomorrow is a repeat of today... :)

[turbocharge] 04/3/2019 09:59

Seems to be motoring along nicely...

[essentialinvestor] 04/3/2019 08:18

Turbo, I don't see much in those results to propel the share price much higher?.
My target price was 90 pence and that was also my average sell price.
91.5 was available last Tuesday and I should have taken that.
Agree longer term it's an interesting company. All just imv.

[turbocharge] 02/3/2019 18:19

Coats Group wears costs of reorganisation

The rewards of Coats Group’s (COA) ‘Connecting for Growth’ efficiency programme continue to rise, delivering $15m (£11.3m) in net savings over the full-year, ahead of an initial $5m target that was raised to $10m by management in July 2018.

The industrial thread manufacturer has lifted its target and aims for $23m in savings when the programme concludes in 2020, after reinvestments, according to chief executive Rajiv Sharma. The costs of the programme aren’t insignificant, however. It effectively amounted to a redundancy programme in 2018, with severance costs of $20.5m for laid-off staff making up the bulk of its total $22.8m expenditure, which has been treated as exceptional.

Analysts at Peel Hunt forecast 2019 full-year pre-tax profits and earnings per share of $190m and 8¢ respectively, against prior year figures of $181m and 7.7¢.

By Alex Janiaud, Investorrs Chronicle, 1 Mar 2019

[manurere] 01/3/2019 08:30

While initial market reaction to annual results has been negative, the underlying story looks very positive. I am in this share for the very long term. Small increase in dividend a positive. Still believe share worth well over $US2.00

[turbocharge] 28/2/2019 10:40

Wrong thread

[nicholasblake] 28/2/2019 10:37

Not sure it's much beyond routine.

[from8to800] 28/2/2019 10:22

Pretty massive chunks flying around. Buys? Sells? Any thoughts?

[turbocharge] 28/2/2019 09:23

RNS Number: 3144R, 27 February 2019

BLOCK LISTING APPLICATION

Coats Group plc announces that an application has been made to the FCA and the London Stock Exchange ("LSE") for the listing of 22,753,392 ordinary shares of 5 pence each in the Company ("Ordinary Shares") to trade on the LSE and to be admitted to the FCA's Official List. All of these Ordinary Shares are being reserved under extensions to an existing block listing and will be issued as a result of the exercise of share options pursuant to the following scheme:

Amount Scheme
22,753,392 Coats Long Term Incentive Plan ("LTIP")

It is expected that admission of these Ordinary Shares will become effective on 1 March 2019. These shares, which will rank pari passu with the existing Ordinary Shares in issue, will be allotted from time to time in accordance with the exercise of options under the Coats Group plc LTIP.

[essentialinvestor] 26/2/2019 10:53

Bring on Friday.

[essentialinvestor] 25/2/2019 14:52

Yes, looking positive atm.

[nicholasblake] 25/2/2019 14:51

Results Friday.

[essentialinvestor] 21/2/2019 12:06

Added another small amount on Tuesday. 90 pence will do me.

[thefartingcommie] 06/2/2019 21:58

fyi...

tgt share price here...103-105p ...being the price range of 15p between the top and bottom of the lengthy consolidation rectangle..commencing Sept 18...

[turbocharge] 06/2/2019 14:29

Looking to test 91p today...

[turbocharge] 06/2/2019 11:56

Hope some of you got on board with this one man/woman show...

Moving up nicely.

[turbocharge] 04/2/2019 10:25

A strong stream of buys coming through as the share price prepares to breach 90p (currently 89.90/90.00) :)

[turbocharge] 04/2/2019 10:00

Looking to breach 90p soon, hopefully on it's trajectory to target price 96.00 - 99.00 (#325)

[turbocharge] 04/2/2019 09:56

Moving average signals:
BUY: 16
SELL: 0
NEUTRAL: 1

Oscillators:
BUY: 2
SELL: 1
NEUTRAL: 8

[essentialinvestor] 01/2/2019 10:46

Bought a very small amount, they don't look particularly cheap to me.
Might have another few following results.

[turbocharge] 30/1/2019 22:46

Technical indicators:
BUY: 18
SELL: 1
NEUTRAL: 9

Overall: Strong BUY

Stay long!

[essentialinvestor] 25/1/2019 00:37

This was selling at 7x earnings in July 2016,
some move since.

[from8to800] 24/1/2019 20:33

Same. Breakout is breakout.