Secondary Recommendation

Coats Group - Three directors buy shares in sewing thread business

February 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Coats Group is the world’s largest manufacturer and distributor of sewing thread and is also a significant player in zips and fasteners. The company can trace its origins back to 1755, when subsequent partner James Clark began a loom equipment and silk thread business in Paisley and it was also one of the original FT-30 constituents (predecessor to the FTSE-100) when listing back in 1890. So far so “old world” you might say but the shares, which returned to the main market in March 2015 following a de-merger from activist investor, Guinness Peat, have been quite racy. The catalyst was an update last October, which noted that trading is running ahead of expectations and on broker Peel Hunt’s upgraded nu ...

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Coats Group - Sales accelerate to +11% (January 2025)

Coats - Free cash flow to rocket after pension buy-in (November 2024)

Coats Group - Trading ahead of expectations (October 2024)

Coats - Supplier of threads enjoying strong margin growth (May 2024)

Coats Group (January 2024)

Coats Group (July 2023)

Coats - Acquisitions add fast growing sports, athleisure and high performance footwear (April 2023)

Coats (September 2022)

Coats - Cost cuts to deliver another US$50m profit by FY’24 (July 2022)

Coats Group (April 2022)

Coats Group (October 2021)

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Coats Group (November 2018)

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Coats - Call with CFO reveals plenty of lower hanging fruit still to be plucked (December 2017)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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