Coats Share Discussion Threads

[manurere] 07/3/2024 21:08

Results a surprise. Pre-results trading had prepared me for another gloomy update. Yesterday's share pice probably gone too far ahead of the results. I'd expect the Sp to retreat back to 72 pence. Slight increase in dividend was welcome, but earnings per share haven't really improved. So, around 72 pence for the next three to six months.

[niklol] 07/3/2024 18:52

Very nice share price rise today. Finally!

[disc0dave46] 07/3/2024 12:28

Nice reaction for holders. Looks like they've hit eps forecasts and a positive outlook.

[manurere] 22/12/2023 05:34

In my view, the latest rise in the share price defies any logical explanation. What particularly surprises me is the strength of the buying. I have reviewed, quickly, all the trades reported over the past three days. Those trades indicate very strong buyer support at 78/79 pence per share. So, I intend to hang in fir the ride.

[theoriginalwonderstuff] 21/12/2023 12:09

As soon as I sold out this rose very nicely to 80p...Stock investors should pay me not to buy their holdings!!! lol...

[manurere] 07/12/2023 19:24

Alas, no!
Until the trading figures improve, the share price will stagnate around 72p.

[theoriginalwonderstuff] 07/12/2023 15:10

A nice rise after the pension announcement... Might this yet get to 80p??

[essentialinvestor] 22/11/2023 14:11

It does not appear to look like a compelling investment ATM and agree - surprised it's not lower down. That may happen next week.

[justiceforthemany] 22/11/2023 11:23

Awful update.
This should be down 20%+

[manurere] 22/11/2023 08:47

The trading statement was in line with my expectations. Although I had, of course, hoped for signs of some improvement.
Coats is, I fear, a price taker rather than a price setter. The observation that performance materials are languishing because clients are sourcing in-house is a tad ominous. The company has sunk a lot of research into this sector and should be reaping the rewards of its high quality products.
So yes, as T..O..W..S notes above: "it's not as bad as it was, but it's still bad!"

[theoriginalwonderstuff] 22/11/2023 07:32

Not a particularly strong trading statement... "It's not as bad as it was, but it's still bad"... FFS!!

[theoriginalwonderstuff] 18/10/2023 15:59

Now looking very cheap but maybe the exec who sold knows something I don't...

[theoriginalwonderstuff] 04/10/2023 12:08

Bought in last week but wish I hadn't now. Looking cheap/oversold at today's £0.68...

[manurere] 29/8/2023 09:42

Yes, Friday's trading did see a big dump. But three observations:
1. There has not yet been any notification of a change in major shareholders' holdings. This implies that those responsible for the dump are on the fringe.
2. There appears to have been no shortage of buyers in the low 70s; further, by the end of Friday's trading the share price was moving back up.
3. I know that it is early, but thus far Tuesday's trading suggests that buyers see the share as good value at around 74p.

As EI has often noted, this share does jump around a bit, but on Friday's and Tuesday's trading, there is little indication that the share price is going to sink back into the mid-60s.

[theoriginalwonderstuff] 28/8/2023 14:33

Agree EI...Anything lower than 65 is a pretty good bet if there isn't anything materially affecting the outlook...

[essentialinvestor] 27/8/2023 13:19

Around 67/68 is a a nice entry point - on the proviso trading continues
to develop inline.

[theoriginalwonderstuff] 27/8/2023 13:08

If this drops any further I wouldn't be averse to buying a few... Yo yo's nicely with a margin of 10% to be made...

[my retirement fund] 25/8/2023 17:27

Big dump today

[essentialinvestor] 16/8/2023 07:14

SP UP over 16% YTD, in a tough market. As mentioned it moves around a fair bit.

[manurere] 16/8/2023 06:22

I was also surprised. Tuesday's trading was quite solid in terms of both volume and support for a 77p+ share price. Such trading suggests to me that some bigger players dive in when they perceive the share price to be too low. Brokers' forecasts keep suggesting a peak between 80p and 105p. That noted and even though I am bullish on the longer term trend, I am not confident that 77p will be sustained over the rest of this week. I am expecting the share price to drop back to low 70s by closing on Friday. My own horizon for some real movement beyond 100p now remains after the results for either FY2028 or FY2029.

But, as I have observed previously, when it comes to Coats I now have a long track record of getting my projections wrong.

[justiceforthemany] 15/8/2023 20:33

Very surprised by this move up.

[manurere] 02/8/2023 03:33

I am, as EI knows well, a long time, bullish Coats investor. My partner and I each have, for private investors, quite large holdings.

I was very pleased with the half year results, given the Q1 report. As EI has noted, costs continue to be trimmed, acquisition integration seems to be on track, and market share is growing.

My particular focus is on performance materials, rather than footwear and apparel. Over the past decade I have watched every video and studied every statement Coats has produced on performance materials, including industrial materials. This is cutting edge manufacturing with good margins. It also provides some insulation from the ups and downs of consumer spending. I believe that the medium term outlook for performance/industrial materials is very, very positive.

As for Tuesday's trading, on opening the share price dropped a couple of pence on small volumes, but then the smarter money arrived and the price went up. That buying might have over-reached a little, but I suspect that this time we have left 70p and below behind us. (Mind you, I've said that before and ended up with egg on my face!).

Finally, while it is only 15%, the increase in the interim dividend tells us that a very conservative board--when it comes to rewarding shareholders--is confident that Coats is on track to be able to sustain regular, small increases in dividends. I am confident that we will hit US5 cents a share this decade, probably in FY2028 or FY2029, but maybe earlier.

If you own Coats shares, hang on to them. If you are thinking of buying, jump in.

[essentialinvestor] 01/8/2023 16:43

Dave, if you have any current views on SDG would be interested to hear on the SDG
board, tempted to buy a few for a longer term tuck away. Might well be taken
out at some point, but a highly speculative reason to buy obvs.

Apologies as off topic.

[essentialinvestor] 01/8/2023 16:38

Would say look at the YTD share price and what happened following the last update,
SP in the low 80's a bit before this.

May be some relief not an out and out profit warning?.