Coats Share Discussion Threads

[lauders] 04/4/2017 15:00

Nice move today. Will it continue tomorrow and after though? That is the big question. Would be nice if there were a reason for the move today that becomes apparent soon too ;-)

[ayl30] 04/4/2017 08:40

At last over 60p

[mmochtar] 21/3/2017 08:57

I wonder if brexit trigger will have an effect. Even though this is a UK company, majority of its revenue is from outside UK. Or do you think it is priced in already?

[lauders] 21/3/2017 08:39

Yes. Hopefully it will come good one of these days supasapi! For now I am slightly down on by entry price.

[supasapi] 21/3/2017 08:29

still in Lauders?

[supasapi] 03/3/2017 13:08

Yes you're right Lauders....patience is a virtue

[mmochtar] 03/3/2017 09:00

And don't forget that they said during the update call that they are looking for other good acquisitions. Once M&A is announced, the share prices will surely go up. It may even hit 100p by the end of year. Hopefully.

[lauders] 03/3/2017 01:38

Give it a little time supasapi! Perhaps a few tips will appear soon & then don't forget the dividend news:

Dividend

Coats has a track record of delivering good levels of free cash through profitable sales growth, delivering self-help initiatives and investing in organic growth opportunities. The Board aims to use this free cash flow to appropriately fund its pension schemes, self-finance bolt-on acquisitions, and make returns to shareholders. Over time, and as underlying earnings and cash flows increase, the Board intends to pursue a progressive dividend policy.

Following the pensions settlement agreement with the Trustees of the UK Coats and the Brunel pension schemes and the cessation of regulatory action by the UK Pensions Regulator (TPR) related to those schemes, the Board has decided to commence the payment of ordinary dividends. The Board proposes to pay an ordinary final dividend of 0.84 US cents per share, subject to shareholder approval, on 30 May (payment date) to shareholders on the register on 5 May (record date), with an ex-dividend date of 4 May.

If the pensions settlement had been in place throughout the financial year an interim dividend of 0.41 c would have also been paid during 2016. Therefore, the pro-forma full year dividend of 1.25 c per share represents dividend earnings cover (on an adjusted EPS basis) of 3.9x times and cash cover, post pensions recurring deficit contribution payments, of 2.6x.

The ordinary final dividend will be paid in cash, in Sterling, converted at the closing exchange rates on 10 May. Shareholders will also have the option to have the dividend paid in either US dollars, Australian dollars, or New Zealand dollars. Details of these options will be sent to shareholders during March 2017 and elections for alternative payment to Sterling must be received by 8 May. If no response is received, the default payment currency of the dividend will be Sterling.

[supasapi] 02/3/2017 19:09

yeah so how come this is still lower than pre results..... can't peeps see the value and growth here

[mmochtar] 02/3/2017 17:11

The 200k Director is the CEO and the 100k Director is the Chairman. Looks positive.

[miti 1000] 02/3/2017 12:47

And another director buy , 100k at 56.5.

[supasapi] 01/3/2017 16:07

like director buy....

[lauders] 01/3/2017 15:21

Nice short video from a website mentioned in an awards news-piece on COA's website:

[miti 1000] 01/3/2017 15:11

Yes, the real growth is from Performance Materials, as well as the larger margins. Hopefully we will see another bolt on acquisition soon here.

Nice to see a Director buy of 200k at 56p today.


Nb. netcurtains , you really don't understand what coa do. To hope for a tie up with asos was a bit silly tbh.

[netcurtains] 28/2/2017 10:26

Gotex goes back to the 1980s - its not new.

[mmochtar] 28/2/2017 10:24

Yeah, nobody really does crafting anymore these days. I still remember my grandma did it. But after her era, I am not so sure if anyone I know still doing it. This is perhaps why Coats sold their European Crafts division last year. I am actually surprised they still keep their American Crafts division. The profit is up and down. They should have sold it as well.

Anyway, the Crafts division is small. What matters more is their Apparel and Footwear (their products goes to Adidas, Nike, Zara, etc). Also their Zippers division (second largest in the world after YKK). And their Performance Materials (for Cars, Medical, Hi-Tech, Mining, etc). I think the future growth will come from this innovative Performance Materials division. This must be why they bought Gotex last year.

[netcurtains] 28/2/2017 06:48

I sold on the basis that i bought in on potential "craft" boom based on popular TV shows like the Sewing Bee. Since Coats SPECIFICALLY said this area was doing badly, I sold. However I wish the company and shareholders well. I bought in on totally wrong assumptions. I'm looking for stellar growth in crafts - my mistake - sorry.

[mmochtar] 27/2/2017 22:28

Price hit 50p today. Looks cheap now.

[qs99] 24/2/2017 15:03

don't blame you, looks like it may drift, disappointing, but have had a cracking ride from early 20s and 30s....gla and if it his sub-50p may start accumulating again...DYOR

[netcurtains] 24/2/2017 10:43

sold (I only had a few), thought CRAFT would be miles bigger than it actually was. Shame no tie in with ASOS..

[qs99] 24/2/2017 10:42

its good clarity at the very least. I just sense that the market was expecting a slightly more upbeat update....hence the fall....let's see how it fares over next few days as the management do their rounds, but any further weakness and IMO this may drift to around 50p mark...let's see

[mmochtar] 24/2/2017 10:39

Should be. Because this means they can pay dividends. They said in the call that they will pursue progressive dividend going forward.

[netcurtains] 24/2/2017 09:55

I guess the end of pension liability sounds good - but I am no expert... Is this good news?

[qs99] 24/2/2017 09:15

Ok, I sense these may drift IMO given lacklustre city response? thoughts? Results are not bad at all IMO, but I am just unsure now as to what will be the catalyst for a further re-rating as their outlook is pretty cautious and I am always "nervy" of H2 weighting statements! DYOR appreciate views...