Coats Share Discussion Threads

[essentialinvestor] 07/7/2020 14:03

Be nice to see a few directors buying.

I'm waiting for the next update.

[netcurtains] 07/7/2020 07:41

With global supply problems companies that MAKE things HERE are in vogue (Coats literally)

[netcurtains] 02/7/2020 17:25

Been thinking about this stock for a while. I think one of the lessons of COVID has been the need for countries to have their own manufacturing base, especially for PPE. The ground zero of the entire textile industry is THREADS...To my mind COATS are critical for the UK - as much as the huge defence companies such as British Areospace or the massive drugs companies like GlaxoSmithKline.
COATs needs to stay in British hands and get an awful lot bigger and fast!

[our haven] 19/6/2020 10:07

I think that the 10 year recovery plan from 2019 for the pension scheme is still valid. Some small adjustments for the adoption of new accounting standards of course. The bonds have held up well for the pension scheme and equities will recover over the longer term.

[netcurtains] 19/6/2020 09:17

In the heading it has this:
"
To sum up, interesting business but with a BIG pension problem.
"

With the COVID "crash" in pensions has some of this "BIG" problem disappeared?

[stardrops2] 07/6/2020 13:22

Patient is my middle name

[manurere] 07/6/2020 04:30

Just be patient. Coats is a very, very sound long-haul investment.

[stardrops2] 05/6/2020 10:05

Some positive news regarding opening up production sites would give this a nice little boast

[netcurtains] 04/6/2020 13:01

it is doing well..

[stardrops2] 04/6/2020 11:49

Tick tick tick nice

[netcurtains] 20/5/2020 16:41

I'll get by coat! LOL

[netcurtains] 18/5/2020 10:19

This is quite an interesting person joining the board:

[netcurtains] 14/5/2020 07:41

In a recession, more people will decide to make and sell clothes for themselves and online. The demand for threads for "Made in the UK" clothes will start to go significantly up. Anyway I feel more of patriot buying into COA... Lets back Britain!

[netcurtains] 13/5/2020 14:56

On the other hand the "Sewing Bee" is on Prime Time TV at present and PPE is also in the news.
I suspect (at this price) we're talking about a good entry level...

[masurenguy] 06/5/2020 13:17

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

[essentialinvestor] 06/5/2020 13:03

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 12:58

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

[turbocharge] 05/5/2020 16:03

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 15:52

Need...perhaps not the most apt word.

[nicholasblake] 05/5/2020 12:34

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

[essentialinvestor] 05/5/2020 12:02

Are they going to need an equity raise?.

[masurenguy] 04/5/2020 09:55

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 03:47

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 20:35

No BOD buying, even near these levels?.

[essentialinvestor] 05/3/2020 16:43

There are headwinds, particularly if the coronovirus spreads.