Coats Share Discussion Threads

[disc0dave45] 14/10/2022 08:33

EIDon't disagree, I've pencilled in 88p for this FY. For me at the moment it's more about timing, waiting for some stability and signs the market is turning.

[essentialinvestor] 14/10/2022 06:48

Dave, if Coats can deliver over the next 2-3 years as set out in the presentation,
the share price may be very near or exceed the £1 mark.

On current FY 2024 consensus Coats trades on approx 6 X earnings,
given their market leadership positions that is astonishingly cheap.

They need to deliver, so the emphasis is on results
and as always dyor.

[disc0dave45] 13/10/2022 20:19

Very interesting presentation. As it happens I also have DOCS on my watchlist and bought into JD today.....some overlap there!.Makes sense to focus more on apparel & footwear (A&F) given operating profit margin is more than twice that of their performance materials (PM), just slightly concerned about them putting all (or a lot more) of their eggs in one basket - PM's operating profit growth at H1 was double that of A&F even though sales growth was lower. Although the sales pitch focused on the acquisitions and A&F, do think there's similar growth potential, if not more, for their PM's in the telecoms, energy and possibly personal PPE sectors.

[essentialinvestor] 13/10/2022 15:30

It was overdue a better day.

[essentialinvestor] 12/10/2022 18:48

CMD video and slide presentation from yesterday.

[essentialinvestor] 12/10/2022 11:06

I messaged the CFO last week re the UK pension scheme given recent gilt movements,
so reassured this was addressed in yesterday's presentation.

[manurere] 12/10/2022 06:19

I strongly recommend that everyone reading this thread download yesterday's outstanding capital markets presentation by Coats management.It is on the Coats website under investors.
The slide show outlines in very informative detail the rationale behind recent acquisitions and how they place Coats in a dominant position in footwear. For a long time I have been commenting on the strategic nous behind this company's recent progress. Yesterday's presentation confirms the wisdom of sticking with Coats as a very long term investment.

[essentialinvestor] 11/10/2022 23:26

Dave, RNS on 10 and 11 August '22.

One of the reasons for recent share price weakness is the gearing up of the balance
sheet to pay for the first of 2 large acquisitions this year, with funding partly relying
on a short term bridging loan.

[disc0dave45] 11/10/2022 13:24

roguetheyve had a 10% increase in share countSince when?, it's only averaged +1% in the last 5 years and only +0.5% in the last year.

[disc0dave45] 11/10/2022 11:32

They appear to approve :)

[our haven] 11/10/2022 06:41

Excellent numbers update today. Certainly a exceeding market expectations moment. See what the market thinks shortly.

[essentialinvestor] 21/9/2022 13:13

They have also geared up the balance sheet considerably, as mentioned a
couple of times previously.

Entering a recession that arguably increases the risk profile of the stock.

[roguetraderuk] 21/9/2022 13:06

theyve had a 10% increase in share count so take that into account. using a mkt cap chart things arent really better or worse than sector.

[essentialinvestor] 21/9/2022 12:22

We are in a bear market and 90% plus of stocks are getting "cheaper".

[justiceforthemany] 21/9/2022 10:52

Quite a few got their timing badly wrong on this one. Directors also down significantly.

[blackhorse23] 16/9/2022 11:47

https://www.google.com/amp/s/capital.com/amp/cury-currys-share-price-double

[manurere] 26/8/2022 21:42

Pleasing to see the share price go up on what again was very heavy volume. I am having some trouble making sense of the volumes that are being traded.

[essentialinvestor] 20/8/2022 13:51

The new shares were trading on or before 15 August, why would they
suddenly show up in yesterday's volume?, unless I'm mistaken, it's not that.

[manurere] 20/8/2022 03:06

Very surprised at Friday's volume. I cannot remember seeing a day's volume of that magnitude for a very, very long time.

[essentialinvestor] 19/8/2022 14:36

Added back 10,600 k sold today over 0.6368.


Keep expecting wider markets to hit turbulence but not happening atm.

[roguetraderuk] 19/8/2022 14:07

a hedgie has increased its stake a few days ago but that was nothing like todays volume. maybe the new shares were added to the mkt today as its about 5 times avg vol or more

[essentialinvestor] 19/8/2022 13:53

Perhaps the compressed fall from 74 pence!.


Possible stake building?.

[roguetraderuk] 19/8/2022 13:51

also been on hols. surprised to see coats up today, any reason for todays outperformance and huge volume?

[essentialinvestor] 19/8/2022 13:37

May be, bought 4,500 at just over 61.8 this morning. Just small trades as unsure
on the low.

Weaker GBP/USD is helpful as COA report in $ and the divi is declared in USD
before being converted to £.