Updates

Coats Group - Trading ahead of expectations

October 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.

Shares in industrial threads business Coats spiked to over £1, a record high, after interims were ahead of expectations, triggering upgrades. Sales grew 8% to US$741m and EBIT increased 26% to US$133m helped by the end of customer de-stocking and market share gains. The company sees ongoing recovery in Apparel & Footwear (sales +11% to US$574m) and an improving trend in Performance Materials (minus 5% to US$167m). Interestingly, the recycled thread category increased 141% to US$159m, a key driver of share gains, and is expected to reach US$300m by the year-end. Peel Hunt notes Coats is 3x larger in sustainable products than the next 10 competitors combined and now has over 200 customers. Self-help projects de ...

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The Property Franchise Group - Shares hit new high of 483p

H&T

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

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