Updates

Coats Group

October 2021

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.

TMI New Year NAP Coats has been a slow burner but the lid has finally blown off the share price after it announced revenues surpassing pre-pandemic levels. First half sales from this leading industrial thread manufacturer were US$732m (+1% vs ’19 and +34% vs ’20 ) with operating profit rising 179% to US$95m vs ’20. Operating margin more than doubled from 6.4% to 13% as scale and productivity benefits offset rising inflation.In Apparel & Footwear revenue of US$531m recovered to 2019 levels with the core threads side up 2%. Operating margin was 15.5%.The smaller but more dynamic Performance Materials division was 22% of 2019. Operating margin was 6.4% but excluding the US personal protection side, bedevill ...

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Sylvania Platinum

Volex - Power cords maker riding boom in data centres and electric vehicles

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 (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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