Coats Share Discussion Threads

[american idiot] 23/11/2021 07:44

Excellent trade update. Good organic growth and managing inflationary pressures very well.

6% organic growth vs 2019, despite Covid disruption in Vietnam
during the period, which has now subsided

· Pricing and productivity actions continue to offset inflationary
pressures

· Performance for the year anticipated to be in line with Group
expectations



July to October Revenue vs 2020 July to October Revenue vs 2019
Organic(2) Organic(3)
Group 22% 6%
Apparel & Footwear 25% 5%
Performance Materials 17% 8%

[our haven] 23/11/2021 07:29

All on target to meet expectations, which is good after the weaker start to the year.Deserves a positive day but where were the market expectations?

[american idiot] 12/11/2021 13:37

Ok...After 30 seconds research I have the answer...

The next trade update is 23rd November.

Hopefully get a nice run up into that :-)

[american idiot] 12/11/2021 13:35

Anybody know the date of the next trade update ?

I would think anytime now. The last was 3rd November

[essentialinvestor] 10/11/2021 11:23

My mistake of the week for last week.


Closing a small MKS trade yesterday is this week's wrong decision!.

[skyship] 06/11/2021 08:52

Ei - yes a wrong decision; but not necessarily a poor decision. Personally I wanted to raise cash levels to protect what has been a pretty good year thus far; so won't job backwards over COA. Will retain on my Monitor however...

[scooper72] 04/11/2021 15:55

Has there been some news? Can't see any. I guess the question is how far can it keep traveling upwards

[essentialinvestor] 04/11/2021 15:15

Goodness me not a good decision selling.

[scooper72] 02/11/2021 16:12

I've also decided to take a £100 loss today. But will keep on my watchlist. Was a bit reluctant to sell. But risk management is key in these uncertain times. Having said that I have being buying the dip on Ketl - Strix group - who do a lot of their production in China. I guess half the world does.

[essentialinvestor] 02/11/2021 16:03

SKY, sold out near the open this as mentioned on the SHA board -
did not like the overnight covid news from China on citizens being advised
to stockpile food as covid restrictions tighten. Coats has several Chinese
manufacturing facilities to my knowledge. Will keep it on a watchlist.

[skyship] 02/11/2021 13:35

Personally I've gone the other way - cut a small loss when they dropped through the 65p support. May be entirely wrong of course. GLA...

[uhound] 02/11/2021 11:43

Update on 23rd November - have taken a position. Seems good value at these levels.
We will see!

[essentialinvestor] 02/11/2021 00:16

COA usually update on trading in November and the key is margin pressure
from labour, logistics and raw material costs.

Are they continuing to mitigate these growing pressures,
I would expect not all, but let's see.

[essentialinvestor] 26/10/2021 14:36

Had some, small amount.

[nicholasblake] 11/10/2021 16:41

EI, You may be right, but Peel Hunt reckons Coats is coping much better than its competitors - in the face of very strong demand!

[essentialinvestor] 11/10/2021 11:06

Nick, would guess with COA it's logistics, labour and product costs which may
be the current challenges. They referenced offsetting cost increases with
productivity improvements on the H1 statement, so the market may want
further clarity on trends since the last update.

[nicholasblake] 08/10/2021 15:16

Peel Hunt says Coats hasn’t really suffered from Chinese supply chain issues. Market not being discriminating.

[essentialinvestor] 08/10/2021 14:35

Luck with your holding.

Keep in mind you can always sell a % if uncomfortable with position size.

[scooper72] 08/10/2021 11:10

Thanks for the responses EI and Sky. Have decided to just stay put for now. Partly because of the possible fair value at this price. I think a lot of companies with exposure to China will have problems in the months or year ahead, but imagine people will find solutions to keep economies going in this technological age we are living in, even if that does mean a bit of inflation in prices while we wait for tech to catch up or solve current problems and do it's deflationary magic

[skyship] 07/10/2021 12:46

Hi EI - also taken a few at 65.07p - not totally committed due to their Chinese exposure; but its given back all its Summer gains, so perhaps value emerging.

[essentialinvestor] 07/10/2021 11:45

Hi scoop, SKY is the man to ask on TA.

Just bought a small amount, but please don't take that as any type of recommendation
as not high conviction on this.

Would guess logistics and labour costs are headwinds currently.

[scooper72] 07/10/2021 10:21

Anyone got views on support. Thinking to get out wile only down 3percent and wait for the chart to change course.

[essentialinvestor] 30/9/2021 14:01

Cost inflation may be what the market is focussed on
and yes agree this is worth watching.

COA were experiencing labour shortages in one of their US divisions
as highlighted previously. They also rely on China for as a manufacturing hub
and costs there are increasing quickly.

[skyship] 30/9/2021 13:38

Had a good run with these in the Spring (see P. No. 497 above); and perhaps another chance upcoming - 65p/66p a good entry point perhaps:


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