Updates

Coats Group

May 2019

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, the leading industrial threads and zips manufacturer has reported solid 2018 results with revenues up 4% and adjusted operating profit increasing 21% to US$195m. Eps rose 21% to 6.9 cents.The core Apparel & Footwear business grew sales 4% to US$1,083m helped by strong Asian markets. Its fast growing performance material business (hi tech uses such as flame retardant yarns and telecommunications) grew 23% to US$332m.Encouragingly, operating margins grew 200 basis points to 13.8%, helped by its “Connecting for Growth” cost-savings program and excitingly its 2020 target has been increased by a further US$8m to US$23m.During the year it disposed of its low margin US Crafts business for US$37m and with ...

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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)

Coats (July 2021)

Coats (October 2019)

Coats Group (November 2018)

Coats Group (April 2018)

Coats (January 2018)

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

Coats Group - Three directors buy shares in sewing thread business (February 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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