Coats Share Discussion Threads

[qs99] 26/2/2016 12:44

well board seem confident enough, optioning themselves up although nil-cost is a little over the top IMO....but hopefully the performance measures are at least demanding....always wonder why they don't publish them in the same RNS! All IMO and DYOR etc

[qs99] 26/2/2016 11:49

continuing is re-rating IMO....hopefully a few instis can see this as a good value play following de-listing down under following those results...IMO..

[mike24] 25/2/2016 11:10

when you look at the decline of the UK needle industries
3000 employees at one time, whittled down to a handful to-day
now under Entaco renting space in Redditch, the vast sprawling NI site in Studley has turned into a successful high tech industrial site, some of
these company pensions into comm, prop have offset the decline
in the main business, with growth in these areas, P&O had one such scheme every 5k invested turned into 100k plus, taking a stake in a business by controlling
the freeholds, enabling any expansion to be trouble free/cost effective
is something very few accountants see as opportunities to hedge changing
circumstances/inflation

[qs99] 25/2/2016 10:05

indeed. and slowly surely share price is reacting...

[spooky] 25/2/2016 09:07

Great ROCE and good to see market share growth.

[spooky] 25/2/2016 08:49

The shares are very cheap. The company delists downunder in June so there will continue to be an overhang of selling for a while. The pension fund situation is a bit ludicrous, the deficit falls by 260m if rates rise 1%. The legal case isn't a significant factor in view of their deminimis role. It may take another 12 months for other people to figure things out but i have built up a significant position in recent months.

[qs99] 25/2/2016 08:41

should see some reduced selling IMO as well once listing from down under is fully cancelled....

[qs99] 25/2/2016 08:23

and a decent set of results IMO....any views?

[qs99] 24/2/2016 14:06

this is a really quiet thread....results due out tomorrow are they not?

[exbroker] 24/10/2015 12:26

Bought a few more at 29.5, happy sitting and waiting, could be interesting when the seller is cleared out. June next year could be fun!

[mike24] 09/10/2015 11:07

ex-broker you must be nearly 20% up?
edit well done
6/11 7ml traded so far to-day, last few days good turnover

[janeann] 08/10/2015 11:58

Sudden flurry of buys at 10.52 onwards; tipped by somebody perhaps.

[exbroker] 18/8/2015 13:30

Have put the toe in the water in the last few days....

[mike24] 11/8/2015 15:46

trades outnumbering sells to-day,
one to watch,
I thought coats pension fund looked after the
workforce with decent payouts?

3000 workforce once, in needle industry studley/redditch
now down to handful of engineers and top heavy management/sales
machines need spare parts made in imperial measurements
can you believe
why COA couldn't take over this tiny outfit, on the cheap, as surgical needles is big
business, £3ml odd, orders being dished out, from US hospitals.

as each stitch in heart/ops requires new stainless steel needle
@ around $3/ $4 a pop,a UK operating theatre costs 1k minute to run

nai

[spooky] 06/8/2015 16:58

Very undervalued if you exclude the pension fund deficit and the legal issue. There is also big seller, Orbis, he's slowly being taken out.

[v11slr] 06/8/2015 15:35

Just made a maiden purchase here. Not sure why, it was my system what made me do it. ;-)

[philanderer] 03/8/2015 10:06

Walker and Surplice warm to Coats

Citywire AAA-rated pan-European equity managers Martin Walker and John Surplice have upped their stake in yarn and textiles manufacturer Coats (COA) as its shares hover near the bottom of a recent trading range.

The managers increased their holding to 11% of the business worth £42.5 million at a share price of 27.5p, down 17.7% over the last 12 months.

The shares are held in their Invesco Pan European Focus Equity fund, run alongside AAA-rated Erik Esselink and AA-rated Jonathan Brown.

Peel Hunt upped its guidance on the business last month from a ‘hold’ to a ‘buy’, on a price target of 41p.

The company reported a substantial increase in operating profit last year, rising from £41 million to £64 million over the 12 months, but has struggled with a persistent pension deficit.

Following two years of wrangling with regulators, the company was told to increase its contributions at the end of 2014, as it attempts to fix a £148 million hole.

[rambutan2] 17/7/2015 15:41

Piece from FT may 2011, which is worth a read...



And from feb 2013...

[rambutan2] 14/7/2015 03:55

I thought it deserved a thread...

We have an unrivalled access to global markets and customers, and are recognised as the market leader across many areas of operation. Almost 1 in 5 garments on the planet are held together with Coats' thread and our products are sold in over 100 countries.

Our Industrial Division is three times the size of its nearest competitor in industrial thread, and our Crafts Division is the number one global player in the textile crafts market.

[rambutan2] 14/7/2015 03:53

To sum up, interesting business but with a BIG pension problem.

Full history of rns on this link ie historic GPG and current (since 03/15) COA...


Old GPG thread...


GPG (ie COA) announces that the total number of its ordinary shares of 5 pence each in issue as at 30 June 2014 was 1,407,612,282