Primary Recommendations

Coats - Free cash flow to rocket after pension buy-in

November 2024

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.

We’ve just passed the third anniversary of the Pandemic peak in August 2021 and while animal spirits returned in the spring and early summer, today’s watchword is one of caution as we approach Labour’s first budget with momentum shares not easy to spot. Nevertheless, one definitely showing relative strength is Coats, a manufacturer of industrial threads for use in clothing, footwear and athleisure markets. After peaking at just over 90p in 2019, the shares had been largely range-bound since, but 2024 has seen a break-out to an all-time high of 102p. The company is on a tear after interims beat forecasts and brokers upgraded full year numbers with pretax profit now expected to rise from US$205m in FY’23 to US$253m next year (eps 9.6 cents ...

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Plus500 - Highest returning stock over past 11 years; eyes US and Japan for future growth

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

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 (May 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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