Coats Share Discussion Threads

[essentialinvestor] 02/12/2020 09:49

My price targets often prove to be too low,

so £1.10 plus a share is possible of Coats continue

to win business from competitors and take market share

as recently mentioned by the CEO.


I mentioned to Simon yesterday that the 62-64 type area may be available.

[manurere] 02/12/2020 06:31

I've held Coats shares for a long time and just watched as the price has gone up (to over 90p) and down (to under 40p) and, now, up again. Mine is quite a large retail holding.
I remain convinced that, over time, Coats will prove to be a most worthwhile investment. The reasons have been canvased by some other contributors. First, Coat has done a magnificent job transitioning from its traditional "knitting" to industrial threads; second, it has modernised its factories; third, it has made very smart, strategic, acquisitions; fourth, it has developed and is using cutting edge technology to meet customers' demands and to respond promptly to consumers' orders; fifth, it has cleared the 'pension' monkey off its back; and sixth, it has appointed smart people to its Board and executive team.
All of the above have been reported in annual reports and various presentations to brokers and others.
I anticipate that dividends will resume in 2021. Once that happens, Coats will again attract interest from investors looking for income.
I further anticipate that dividends will be steadily increased over the next few years, thus attracting even more interest.
Thus despite the Covid 19 hiccup, my target remains 145 pence. And I still believe that the share price will get to that level surprisingly quickly, perhaps within two years; certainly within the next five.

[essentialinvestor] 01/12/2020 19:42

Hi Simon, Over £1 a share

within 2-3 years.

[simon gordon] 01/12/2020 19:26

EI,

Looks pretty constructive.

You got a price target?

[essentialinvestor] 01/12/2020 19:08

That's another director buy.


Two in quick sucession before the close period.

[essentialinvestor] 30/11/2020 10:05

If Coats drifts back down to the low 60's, about 10% lower down

might be worth considering.

[essentialinvestor] 27/11/2020 16:15

net, there is a saying - the same factories produce the
garments sold on Bond Street And Oxford St ).

My Mum worked in Harrods back in the day and they could stick a label on
underware made overseas for 50 pence and sell it for £50.

[netcurtains] 27/11/2020 15:53

Thanks EI: I was in Coats but sold when I realised its not UK.
Even Burberry is selling the lie:

[essentialinvestor] 27/11/2020 15:39

Net, You've had a nice run with some recent investments, well done.

[netcurtains] 27/11/2020 15:32

EI: It just annoys me to see the name "COATS" on a company that makes nothing in the UK.
Cant help it.

Sorry - good luck with the investment.

[essentialinvestor] 27/11/2020 15:25

Well that's a completely different discussion to be fair; they are very much
a global business. I would guess 90% + of material for apparel is manufactured
outside of Europe. The business serves multiple other sectors, that could also
be a factor.

[netcurtains] 27/11/2020 15:15

What I hate intensely about the company. "COATS" is a GREAT BRITISH LABEL but they now make nothing in the UK at all!

In the olden days PAISLEY in SCOTLAND and COATS where one and the same.
Not any more.

They should NOT be allowed to use the name COATS unless 60% or more of their threads are made in the UK (ideally Scotland).

Having a UK listing does not make it a British company!!!

[essentialinvestor] 27/11/2020 15:11

The incoming Chair, previously a non exec, added 140,000 shares this week
his holding now over 1 Million shares.

Sector sustainability may drive powerful longer term growth for COA
because it's an increasing focus for the apparel sector. Approx 50% of their CAPEX over recent
years has been focused on this area; well ahead of many competitors.

Some of the materials COA produce are used in telecommunications, they have a
niche serving the 5g market, launching a new product offering recently.

SP can move around quite a bit.

[essentialinvestor] 26/11/2020 18:57

Had a few.

[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 07:19

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 12:32

Aren't Interims due about now?

[netcurtains] 08/7/2020 12:31

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 12:20

Industry under an increasing spotlight.

[essentialinvestor] 07/7/2020 14:52

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 14:28

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 14:09

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)...