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Coats Group

January 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.

  • Epic Code:
  • COA
  • Price:
  • 75.5p
The highlight from Coats’ trading update for the three months ended 31 October was that the underlying revenue decline has improved from being -19% in Q1 to -12% in Q3 and there were “early signs of the anticipated recovery in Apparel” where revenues fell 5%. Performance Materials continued to be impacted by customer insourcing of production and some customer phasing issues. As a result, revenues fell 20%. More positively, Coats has delivered significant benefits from its strategic projects, which together with improved pricing and synergies from last year’s footwear acquisitions resulted in operating margins strengthening in the period and it’s confident of achieving its goal of 17% margins in 2024. Separately, a fr ...

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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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