Updates

Coats Group

November 2018

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 world’s leading industrial threads and zips manufacturer, unveiled slightly better than expected interim results with revenues up 5% to US$788m (2% organic) while pretax profit increased 10% to US$91.9m. Adjusted eps rose 19% to 3.6 cents thanks to lower tax and pension finance charges.Within its main industrial division (88% sales and almost 100% profit), the traditional apparel and footwear side grew underlying sales by 3% as key Asian markets performed strongly, but the star was the smaller performance materials part, which grew 21% year-on-year (5% organic and 16% from acquisitions). The latter saw growth particularly within hi-tech uses (flame retardant yarns).Broker Berenberg believes Coats can become a ...

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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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