Coats Share Discussion Threads

[skyship] 19/5/2021 09:11

Chartists may be in for a few too as COA breaks its downtrend - target?..Yes, that 70p level.

[essentialinvestor] 19/5/2021 08:45

Could not ask for much better than that.

[our haven] 19/5/2021 08:23

Agree American with your comments.Back to 70p, but knowing Coats it will probably be by slow creep.

[american idiot] 19/5/2021 07:46

Excellent trade update this morning....

Onwards back towards 70p+


Organic group sales for the period grew 26% year-on-year (1% versus 2019).



In Apparel and Footwear we saw improving momentum and recovery (up 30% versus 2020 and flat versus 2019). Robust volume growth resulted in increased factory activity. Against 2019 the core thread business (which represents c.85% of Apparel and Footwear) grew solidly (up 2%). Key markets performed well vs 2019, albeit zips are recovering at a slower pace.



Performance Materials was up 14% versus 2020 and 4% versus 2019, with all segments performing well and growing against 2019 and 2020, with the exception of Personal Protection. Personal Protection continues to be impacted by labour availability issues, specifically in the US Yarns business.



Pricing and productivity actions are being successfully implemented to offset inflationary pressures (raw materials, labour and freight inflation) in the supply chain.



In April we announced the completion of a three year $360 million ESG-linked bank refinancing (with the ability for two one-year extensions). Our committed debt facilities total $585 million across our Banking and US Private Placement group, with a range of maturities from 2024 through to 2027, and we currently have around $350 million of committed headroom against these banking facilities. As at 30 April 2021 our net debt (excluding IFRS16) was $162 million (31 December 2020 $181 million).

[ptolemy] 18/5/2021 11:51

AGM tomorrow.

[essentialinvestor] 07/5/2021 17:23

Creasing! - very nice day.

The Yass reference for those who may be unaware is the track 'The Only Way is Up'.

[essentialinvestor] 07/5/2021 09:54

Lovely)).

Recent divi as well.

[ttg100] 07/5/2021 08:50

if it goes back through 60 convincingly then i will buy some

[essentialinvestor] 05/5/2021 14:37

Was hoping for a push on to the mid 60's, which is clearly not happening atm.

Trading update 18 May - this is an important one.

India Covid situation may be weighing on the SP,
as Coats has multiple manufacturing facilities in India.

Logistics costs another potential headwind, that like Covid-19 disruption, is hopefully temporary
and will resolve.


Medium term industry trends Should be highly supportive and play right to Coats' strengths -
unless I'm misreading this.

[essentialinvestor] 29/4/2021 09:25

Trading XD - 0.90 pence approx.

[spittingbarrel] 23/4/2021 15:04

I've joined you.

[essentialinvestor] 23/4/2021 14:32

Added 35k.


Can't may any comment on TA, but would hope for a move back to mid 65/66 pence type area.


On fundamentals, the increasing focus on sustainability for apparel should play
right in to COATS' hands, as they are arguably ahead of the wider industry on this.
Market share gains have been recently referenced.

Apart from apparel COA has a growing market in protective clothing and wider industrial applications
such as telecommunications etc - often overlooked in media company commentary.

[ptolemy] 23/4/2021 14:22

Chart looks great to me. See:

[our haven] 22/4/2021 09:25

Large 1m trade. See if that impacts the share price, positive or negative?Positive initially.

[essentialinvestor] 12/4/2021 13:55

Covid-19 starting to break out big-time again in India, I'm guessestimating
that may potentially impact manufacturing.

[cravencottage] 10/4/2021 08:03

Re-Financing

Any views whether this will add some extra Dinero to the bottom line?

[scooper72] 06/4/2021 13:27

Have topped up a little today. My current holding is pretty small and this is one I would be happy to average up or down over the long term to build a reasonable position. They seem to have a decent market position for what they do as a UK plc

[essentialinvestor] 06/4/2021 12:59

It's been rather cast aside, does tend to move in fits and starts.

Rate the CEO fwiw, no guarantees etc.

[undervaluedassets] 06/4/2021 12:38

Start of something today? It's a "re-opening trade" isn't it? ("re-opening" being the post-pandemic theme of the moment).

Re-opening benefits here will come from manufacturing firing up again and needing more basic materials.

Notable that Coats even managed to be profitable during the pandemic and are now set to get some proper jam as society opens up again and the factories start producing for the consumer boom that will inevitably come once we are all uncaged

Have nibbled.

[essentialinvestor] 01/4/2021 16:54

Nick, yes possibly, although longer term sustainability and ethical considerations should play to Coats advantage, they go on about it enough ).

[nicholasblake] 01/4/2021 16:47

Could Uighur cotton imbroglio be having an impact?

[essentialinvestor] 01/4/2021 16:34

Back in today, small amount.

Third wave of the pandemic in Europe and elsewhere weighing, plus logistic inflation perhaps.

Manufacturing margin could potentially be impacted if Asia is hit by another
large covid wave.

Lots of reasons for caution that may possibly open up a longer term opportunity,
or short term trap door!.

[skyship] 31/3/2021 13:38

The support seemed to be breaking down, so sold first thing this morning. Chart looks pretty bleak, with support at 55p or at 51p...


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