Coats Share Discussion Threads

[manurere] 27/3/2023 10:40

Anyone looking for cheap Coats shares should jump in now.

[manurere] 14/3/2023 01:17

Coats share price proved to be very resilient yesterday, dropping only 0.64% compared to the FTSE (-2.58%) and the FTSE 250 (-2.75%). Furthermore, there were two significant moments when large trades took place at much higher prices than the closing price, especially around 10.30 am. Clearly, there is some smart money out there that believes Coats to be a good buy at 78+p.

It looks like European markets, including London, were oversold on Monday, 13 March.

As the day progressed, stock prices held up well in the USA. I'm typing this contribution just before 4.00pm. The Dow has dropped only -0.28%; the S&P 500 less (-0.15%); while the NASDAQ is up 0.45%. There has also been chatter in the USA that the Federal Reserve may pause on anticipated interest rate rises.

Early morning trading in Asia-Pacific also suggests that European markets were oversold. In New Zealand, the NZ50 has dropped -0.80%. Australia's S&P/ASX200 dropped sharply on opening, but at midday was clawing back some of that dip. In Japan the Nikkei 225 index has fallen by -2.25%, but now appears to have stabilised.

If Asian-Pacific stocks continue to claw back some of those early losses, we will probably see some clawback in Europe on Tuesday.

If that suspicion proves to be correct, Coats is likely to again break through 78p on Tuesday and, perhaps, even 79p.

[manurere] 10/3/2023 08:07

Just read an newly emailed, Director/PDMR Shareholding notice. Jacqueline Callaway, Coats Chief Financial Officer, bought 63,773 shares at 77p. Once again, nice to see an insider buying shares at top dollar.

[manurere] 04/3/2023 07:32

Thanks EI and j.f.t.m.
I was going to wait until after Monday and Tuesday’s trading.
The results were better than I had expected.
*The strategic expansion of the footwear investment is reaping quick rewards.
*I note the steady increase in both market share and margins as Coats exits hisorically high volume, low value production.
*I still believe that we will see some quite significant growth in performance materials over the medium- to longer-term.
*Really pleased that an end to the pension overhang is now in sight.
*Appreciate the dividend boost.
*Note that the CEO has increased his shareholding: an encouraging vote of confidence.
*Thought that some investors got a bit carried away on 2 March; the share price got ahead of itself.
*I still think share price will hover around 75p until mid-year results; they may see share price move closer to 80p.
*Will be surprised if share price goes over 100p before mid- or FY results 2025.

See no prospect of a takeover bid.
First, a very high percentage of shares are in institutional hands.
Second, most seem to be index linked investments with no incentive o make a quick buck, should it be offered.
Third, at what price would we sell, given some of us have hung in for a long time? I won’t voluntarily exit this side of 155pence as I see too much upside from just hanging in.

I’m looking forward to US 5 cents a share in annual dividends before my kids inherit the shares.

[justiceforthemany] 03/3/2023 16:04

Raised Dividend.
P/E 10
Disappointing drop back today but was up 8% yesterday.
Takeover target IMO

[essentialinvestor] 03/3/2023 14:17

No comments on results folks?.

Read through the presentation, still to watch the conference call.

[manurere] 22/2/2023 08:53

It looks like the expectation of positive annual results are now baked into the share price. While I think Coats will trade in the 70p to 75p range until the 1st half 2023 results, I am still of the view that investors continue to underestimate this company's future, positive earnings/profit trajectory. In my view, even at 73p COATS is still a good buy.

[essentialinvestor] 21/2/2023 14:40

Results shortly, share price right up against a 12 month high - break through or fall back..

[essentialinvestor] 25/1/2023 13:46

Should have bought a small amount last week on that dip!, but still watching.

[manurere] 20/1/2023 08:28

That's good, EI. Happy New Year.

Share markets can make idiots of us all. But, yesterday's only took about three hours to blast my confidence out of the water. Hope you and some of the others on this chat site took the chance to get back into Coats at a good price.

The only saving grace for me was that the British Pound moved upwards against my own country's currency. That mitigated the damage. I think better sit on my hands for now and avoid any posts on this site until we see the full year results.

[essentialinvestor] 19/1/2023 16:25

HI Manu, I'm still around!.

[manurere] 19/1/2023 06:59

I am surprised that there has not been any comment on this chat site since Christmas.

Wednesday saw a very high volume of shares traded with quite large parcels changing hands at 70p.

Longterm contributor, EI, sold his last shares at 68.88 and is "waiting to get back in." And while I have misjudged the market often in the past, I have a sense that he might be waiting quite some time as I suspect that the share is most unlikely to move back into the 65p to 69p range.

Coats is not a flashy performer, but the company's fundamentals are very good.
And while a climb to 80p, 90p, and 100p will take time, it now looks like both the underlying drivers of the share price and the substantial support for the current price are pointing to a steady upward movement over the next two to three years.

[essentialinvestor] 28/12/2022 18:58

justice, might be missing your point, but COA has markedly outperformed the majority of MCX stocks YTD. It's around 5% lower over 12 months, in a bear market.

I sold the last of mine at 68.88 so waiting to get back in. Having made a number of acquisitions over the last year
the market may want confirmation performance is as expected. For those who are more risk adverse, perhaps consider waiting for the next update. Covid's rapid spread in China may impact some of COA's manufacturing capacity.

[justiceforthemany] 23/12/2022 18:08

Very disappointing drop today. High volume, clearly a fund is reducing. Management need to get a grip.

[my retirement fund] 23/12/2022 10:22

It looks like it, there's been a good rise. Perhaps professionals are crystallising gains by locking in put options for the new year now.

[niklol] 23/12/2022 10:20

Today was a HUGE drop.

[theoriginalwonderstuff] 23/12/2022 09:35

Think this is a share to trade.... Seems to be relatively stable as a business but swings with market vagaries, sentiment, etc.,.

[niklol] 23/12/2022 09:10

Thank you for your response.
So long as that's all it is!

[cravencottage] 23/12/2022 08:57

niklol

The share price is up @40% in a little over 2 months so inevitable profit taking has kicked in unfortunately.

[niklol] 23/12/2022 08:43

Any ideas as to the big share price drop today????

[essentialinvestor] 21/12/2022 01:50

Still a classic!



Clinton Baptiste...I'm getting the word.....!.

[clinton baptiste] 20/12/2022 16:20

Decent news from Nike later today regarding demand could do the trick?

[theoriginalwonderstuff] 13/12/2022 12:56

Will this ever break 70p??