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World Class Supplier to the Rag Trade Could Sew Up a Higher Share Price

Hello Share Mashers. I guess a few readers won’t know what Coats Group (COA) does. Well, for a start it goes back 250 years. Put simply, it makes threads, zips, textiles and other stuff for the rag trade.

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Coats (#COA) – issuance of $250m of “US Private Placement” notes to refinance $240m facility

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Coats (#COA) – completes sale of its business in Brazil and Argentina

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This Clothing Giant Hasn't Lost the Thread and Could be Heading for a Higher Share Price

Hello Share Pickers. Though you may not have heard of today’s choice of company, you’re probably an indirect customer. Coats Group (COA) is the world’s biggest maker of threads for clothing.

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Coats (#COA) – “April sales down around 50%”, notes reduction in manufacturing sites under enforced government closure to now only 2

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Coats (#COA) – warns “challenging market conditions… now expect to deliver adjusted operating profit of $196 - 201 million in 2019”

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Coats (#COA) – initial c. $5m & up to $12m acquisition of fabric usage optimisation technology company ThreadSol

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Coats Group (#COA) – $225m issue of US private placement notes, refinanced bank facility ($350m)

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Our fave watchdog the FRC now expanding its enquiries into Coats Group (#COA)

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Coats (#COA) – “now expects to deliver 2017 full year results ahead of management's previous expectations”