Coats Share Discussion Threads

[essentialinvestor] 26/11/2020 16:33

Had a few.

[our haven] 03/11/2020 08:25

Fantastic numbers in this economic environment. Exceeding expectations, cash reserves strength, just outstanding. I love and the market thinks so too!

[netcurtains] 26/10/2020 18:00

I think I would feel a lot happier about this company using the name COATS if it actually made something - anything in the UK and had its HQ in Scotland - ideally Paisley.

It seems shocking to me that they make absolutely nothing in the UK

[our haven] 13/8/2020 06:19

They are out this morning. Still made a profit, net debt under control and cash looks okay. As expected all areas declined but rate slowing. The question is how much of this decline is already in the price. I would not be surprised to see an initial decline today followed by a recovery IMO

[nicholasblake] 06/8/2020 11:32

Aren't Interims due about now?

[netcurtains] 08/7/2020 11:31

Yes it certainly is... I'm hoping for great things for a resurgent UK textile industry. "Early doors" at present but lets see how it goes....

[essentialinvestor] 08/7/2020 11:20

Industry under an increasing spotlight.

[essentialinvestor] 07/7/2020 13:52

Yup, it is possible to read too much in to that, agreed.

I'm waiting to see how trading is developing.

[essentialinvestor] 07/7/2020 13:28

Sustainability is one of the longer term drivers here.

They hosted a sustainability day last year from memory, presentation should still
be on the IR site.

This was brought home to me last night on seeing a big clothing retailer quote
a sustainability figure on their TV advert and reference this as a selling point.

There are chunky ongoing pension contributions, arguably makes any potential buy case here a little less straightforward.

[netcurtains] 07/7/2020 13:09

EI:

I'm in as my daughter (and her friends) are all starting small sewing businesses (during lock down).... PPE has made the entire sewing industry much more high profile and influential ( I would expect to see some government money thrown into the pot at some point as there will be votes in it - especially after the appalling BooHoo working conditions and pay in Leicester)...

[essentialinvestor] 07/7/2020 13:03

Be nice to see a few directors buying.

I'm waiting for the next update.

[netcurtains] 07/7/2020 06:41

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

[netcurtains] 02/7/2020 16:25

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 09:07

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 08:17

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 12:22

Patient is my middle name

[manurere] 07/6/2020 03:30

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

[stardrops2] 05/6/2020 09:05

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

[netcurtains] 04/6/2020 12:01

it is doing well..

[stardrops2] 04/6/2020 10:49

Tick tick tick nice

[netcurtains] 20/5/2020 15:41

I'll get by coat! LOL

[netcurtains] 18/5/2020 09:19

This is quite an interesting person joining the board:

[netcurtains] 14/5/2020 06:41

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 13:56

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...