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Prices & Quotes - UK Markets - Coats Group (COA)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 67.00p
Change Today:
-1.90p
Market Cap:
973.22m
Sector:
Financial Services

Coats reinstates dividend on positive outlook for 2021

By Frank Prenesti

Date: Thursday 04 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Coats reinstated its dividend despite a halving of annual profits as the industrial thread maker reported a recovery in trading in recent months.
Pre-tax profit fell to $79.6m from $166.8m for the year to December 31 as revenue declined 16% to $1.16bn due to the Covid-19 pandemic. A final dividend of 1.3 cents a share was declared.

Adjusted operating profit came in at $111m, down 44% but ahead of previous expectations, with a solid recovery in the second half, Coats said on Thursday.

"In the second half of the year we saw a continued improving trend in demand with organic revenues down 12%, including most recently an exit rate in November/December of 5% down year-on-year on an organic basis,' the company said.

"We remain cautious around the recovery profile of our various global end markets and will be vigilant regarding inflationary pressures within the supply chain. Notwithstanding this uncertainty we are encouraged by our improved trading performance towards the end of last year as well as in the first two months of this year, and the Board expects to see continued recovery through 2021."

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Coats Group Market Data

Currency UK Pounds
Price 67.00p
Change Today -1.90p
52 Week High 79.80p
52 Week Low 56.00p
Volume 919,505
Shares Issued 1,452.57m
Market Cap 973.22m

Performance Indicators

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What The Brokers Say

Strong Buy 5
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Coats Group Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Oct-21 29-Apr-21
Paid 16-Nov-21 25-May-21
Amount 0.61¢ 1.30¢

Trades for 21-Jan-2022

Time Volume / Share Price
17:06 20,000 @ 67.00p
16:41 5,631 @ 68.50p
16:38 4 @ 67.00p
16:35 485,608 @ 67.00p
16:29 1,100 @ 66.96p

Coats Group Key Personnel

Chair David Gosnell
CFO Jackie Callaway