Coats Share Discussion Threads

[masurenguy] 06/5/2020 12:17

I agree EI, which is why this sits on my Watchlist, rather than in my portfolio, at the moment.

[essentialinvestor] 06/5/2020 12:03

Mas, these look interesting fwiw, however very difficult to call a low
and would not rule out an equity raise. Might be worth waiting for the next trading update?.

[masurenguy] 06/5/2020 11:58

HSBC have a Buy Note out today with a Target Price of 69p.

[turbocharge] 05/5/2020 15:03

According to ADVFN COA financials:

Cash & securities - 177.40m
short creditors - 406.60m

Does that mean COA short term debt could be a problem because of limited cash & securities in comparison? I suspect, not being very savvy with analysing company figures, my analysis may be too simplistic...

[essentialinvestor] 05/5/2020 14:52

Need...perhaps not the most apt word.

[nicholasblake] 05/5/2020 11:34

Need, most certainly not. But that isn't to say that they won't do one anyway.

[essentialinvestor] 05/5/2020 11:02

Are they going to need an equity raise?.

[masurenguy] 04/5/2020 08:55

Liontrust more than doubled their stake from 5.2% to 10.5% recently in spite of the dividend being suspended. However it has a strong balance sheet with £290m cash according to Citywire.

Meanwhile the company has mothballed 30% of its production capacity as orders are projected to decline by 15%. Nevertheless, six City analysts rate the company as a Buy at the current price with an average target price of 75p, which is where it was at the begining of this year.

Onto my watchlist.

[manurere] 28/4/2020 02:47

Coats price is very, very cheap. I remain convinced that this share is worth well of 1 GBP. Anyone with money who sits on the sidelines now will very much regret that within three months.

[essentialinvestor] 07/4/2020 19:35

No BOD buying, even near these levels?.

[essentialinvestor] 05/3/2020 16:43

There are headwinds, particularly if the coronovirus spreads.

[nicholasblake] 05/3/2020 15:54

Peel Hunt highlights growth at current currencies. They rate it Buy with a target of 90p.

[essentialinvestor] 05/3/2020 14:54

Well market disagrees atm.

Any other views appreciated, thanks.

[essentialinvestor] 05/3/2020 08:22

Looks rather cheap??.

[essentialinvestor] 04/3/2020 10:21

Debt is still quite chunky and there is the pension defecit.

Bought a small amount. Lets see what they have to say.

[nicholasblake] 03/3/2020 12:32

Onus on Board to make it clear that the virus hit is not as significant as price moves would sugget. Peel Hunt note published on that this week. Target price 90p!

[essentialinvestor] 03/3/2020 12:06

Ah, thanks Mr Blake - and should have checked that, before posting.

[nicholasblake] 03/3/2020 12:04

Results out Thursday, so in close (to results) [prohibited] period for dealing.

[essentialinvestor] 03/3/2020 10:11

No director buying even at these levels?.

[essentialinvestor] 21/1/2020 23:06

Not above 5% from what I see?.

[bolador] 15/1/2020 09:33

SP breaks out of tramlines from Jan 2019, any chartists out there care to comment ?
An Odey major holding I believe.

[essentialinvestor] 22/11/2019 10:15

Slowdown beginning to hit, unsurprisingly.

[nicholasblake] 07/11/2019 03:13

Not a huge proportion.

[essentialinvestor] 05/11/2019 09:10

It's not a case of profitability in that region, it's where
the production is ..?

If their raw material is slapped with tariffs etc.

[nicholasblake] 13/8/2019 07:45

Yes I have. Expect the Trump Chinese spat is a roadblock, although Coats doesn't make that much profit in China.