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COA Coats Group Plc

94.50
0.80 (0.85%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Coats Group Plc LSE:COA London Ordinary Share GB00B4YZN328 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.80 0.85% 94.50 94.10 95.90 94.50 91.10 91.10 316,079 12:35:04
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Textile Goods, Nec 1.42B 56.5M 0.0354 26.69 1.5B
Coats Group Plc is listed in the Textile Goods sector of the London Stock Exchange with ticker COA. The last closing price for Coats was 93.70p. Over the last year, Coats shares have traded in a share price range of 66.40p to 104.20p.

Coats currently has 1,597,810,385 shares in issue. The market capitalisation of Coats is £1.50 billion. Coats has a price to earnings ratio (PE ratio) of 26.69.

Coats Share Discussion Threads

Showing 501 to 524 of 800 messages
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DateSubjectAuthorDiscuss
06/8/2021
09:18
Coats is mispriced, says Berenberg


Coats (COA), the world’s largest manufacturer of sewing thread and supplies, remains a ‘mispriced equity’, says Berenberg.

Analyst Anthony Plom reiterated his ‘buy’ recommendation and increased the target price from 80p to 85p on the stock, which closed up 0.9%, or 0.6p, at 71.5p on Thursday.

‘Recent trading shows a V-shaped recovery, earnings per share momentum is strong, margins are trending back to the mid-teens, and there is a very credible sustainability story emerging,’ he said.

The stock trades at a ‘significant discount to peers’ on a 14x 2022 price/earnings ratio and free cashflow yield of 4.7%.

‘We believe both the rating and earnings can move higher, so investors should not be deterred by the recent share price run,’ said Plom.

philanderer
03/8/2021
10:41
Well I do not think anyone expected that..

Revenues and cash generation beat 2020 (of course given pandemic) but more interestingly bested those of 2019.

The median share price in 2019 was 85p. To my mind 100p looks fairly rational target given results modestly bested those of 2019.

The company is the world leader in thread manufacture and is sounding confident.

pays a divi too.

undervaluedassets
03/8/2021
09:09
Half year results look good. The momentum is back travelling in the right direction with some good contract wins. India back out of lockdown and H2 looking very positive. Cash much improved.
our haven
15/7/2021
08:40
From yesterdays results...

Shares of industrial thread manufacturer rise as much as 3.09% to 69.9p, highest since Jan. 6
* Stock is biggest pct gainer on U.K. mid-cap index
* Co says HY group sales rose 36.5% to $732 mln, for six months to June 30
* H1 adj. operating profit to be ~$95 mln vs $34 mln a year earlier - COA
* Says strong performance and demand recovery have continued, despite recent lockdown impacts in India...
* Performance for FY 2021 is now anticipated to be moderately ahead of our previous expectations - COA
* Peel Hunt raises COA PT to 85p from 80p
* "COA will emerge from the pandemic with an accelerating sales performance driven by digitisation, new product development and sustainability" - Peel Hunt

..............

Coats are clearly performing very very well...

american idiot
15/7/2021
01:51
Latest update much better than I or, it seems, other investors had anticipated. Coats is emerging very quickly from the Covid crisis much stronger than any of us had hoped. The update underlines, once again, how well the current Board and management have built a very sound platform for the future.
If one wants to be invested in manufacturing, then this appears to be a very solid option.

manurere
15/7/2021
01:51
Latest update much better than I or, it seems, other investors had anticipated. Coats is emerging very quickly from the Covid crisis much stronger than any of us had hoped. The update underlines, once again, how well the current Board and management have built a very sound platform for the future.
If one wants to be invested in manufacturing, then this appears to be a very solid option.

manurere
14/7/2021
07:12
Great update given the shutdown in India. Should see the price react positively to this update.
our haven
04/7/2021
05:27
While movement is not great, there seems to be quite a lot of buyers at around 68 pence.

I subscribe to analysts who provide a very detailed breakdown of global shares. They assess the value of Coats at around 145 pence; that's well above most broker forecasts. But brokers are picking short-term price movements; they are not assessing fair value.

As a very deliberate, long-term investor in Coats, my principal concern is the prospect of a low ball offer. If some smart buyer comes in with a bid of around 88 pence--a 30+% margin over the current price--then there will be heaps of shareholders who will happily take the money and run. The buyer will walk away with a medium term gold mine, while investors like myself will feel cheated.

The key to this company in the medium term is the performance of its industrial division. Technologically advanced threads that can be used in PPE, cable casings, high performance sportswear, etc. Thats where the medium- long term money is. And that's where Coats seems to be light years ahead of the pack.

There will be ups and downs along the way. But a share price around 145 to 150 pence and dividends around 7 to 8 US cents a year. That's where this company is probably heading.

manurere
01/7/2021
14:23
Interims 3rd August. Deciding to hang around until then and see what the progress is. Not a lot of momentum in the share price at the moment. One of these holdings where one requires a lot of patience.
scooper72
20/5/2021
06:41
Sp breaks through the downtrend and above the SMAs. Target - the December level of 73p. Could be a good trade...


free stock charts from uk.advfn.com

skyship
20/5/2021
06:10
It is a "re-opening" stock.

You cannot make much of anything without thread.

Price setting business rather than price taking business so well positioned for the inflationary environment.

I like how boring this business is too. Thread. Currently 'boring' old economy is where everyone wants to be.

undervaluedassets
19/5/2021
08:11
Chartists may be in for a few too as COA breaks its downtrend - target?..Yes, that 70p level.
skyship
19/5/2021
07:45
Could not ask for much better than that.
essentialinvestor
19/5/2021
07:23
Agree American with your comments.Back to 70p, but knowing Coats it will probably be by slow creep.
our haven
19/5/2021
06:46
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).

american idiot
18/5/2021
10:51
AGM tomorrow.
ptolemy
07/5/2021
16:23
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
08:54
Lovely)).

Recent divi as well.

essentialinvestor
07/5/2021
07:50
if it goes back through 60 convincingly then i will buy some
ttg100
05/5/2021
13:37
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
08:25
Trading XD - 0.90 pence approx.
essentialinvestor
23/4/2021
14:04
I've joined you.
spittingbarrel
23/4/2021
13:32
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.

essentialinvestor
23/4/2021
13:22
Chart looks great to me. See:
ptolemy
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