Coats Group (COA)

Sector:

Financials

Index:

FTSE 250

72.00p
   
  • Change Today:
      3.80p
  • 52 Week High: 104.20
  • 52 Week Low: 68.20
  • Currency: UK Pounds
  • Shares Issued: 1,597.81m
  • Volume: 8,535,796
  • Market Cap: £1,150.42m
  • RiskGrade: 39
  • Beta: 0.03

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Coats completes pension scheme de-risking

By Frank Prenesti

Date: Wednesday 04 Sep 2024

LONDON (ShareCast) - (Sharecast News) - Industrial thread maker Coats Group said it had completed de-risking its UK defined benefit pension scheme by purchasing a £1.3bn bulk annuity policy.
Coats said the buy-in was "the final and most significant step in Coats' fully insuring its UK pension obligations" and would also give it the option to remove the scheme fully from the group's balance sheet in the future "at very limited further administrative cost".

"Now that the scheme is fully funded and cash contributions have ceased this will lock in a significant improvement in the group's free cash generation."

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Coats Group Market Data

Currency UK Pounds
Share Price 72.00p
Change Today 3.80p
% Change 5.57 %
52 Week High 104.20
52 Week Low 68.20
Volume 8,535,796
Shares Issued 1,597.81m
Market Cap £1,150.42m
Beta 0.03
RiskGrade 39

Coats Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.17% below the market average63.17% below the market average63.17% below the market average63.17% below the market average63.17% below the market average
82.69% below the sector average82.69% below the sector average82.69% below the sector average82.69% below the sector average82.69% below the sector average
Price Trend
26.88% below the market average26.88% below the market average26.88% below the market average26.88% below the market average26.88% below the market average
21.1% below the sector average21.1% below the sector average21.1% below the sector average21.1% below the sector average21.1% below the sector average
Income
15.90% above the market average15.90% above the market average15.90% above the market average15.90% above the market average15.90% above the market average
47.54% below the sector average47.54% below the sector average47.54% below the sector average47.54% below the sector average47.54% below the sector average
Growth
18.43% below the market average18.43% below the market average18.43% below the market average18.43% below the market average18.43% below the market average
14.58% below the sector average14.58% below the sector average14.58% below the sector average14.58% below the sector average14.58% below the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 9
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
  Final Interim
Ex-Div 01-May-25 17-Oct-24
Paid 29-May-25 14-Nov-24
Amount 2.19¢ 0.93¢

Trades for 10-Apr-2025

Time Volume / Share Price
15:47 207 @ 72.90p
15:10 2 @ 72.60p
16:35 1,965,057 @ 72.00p
16:35 666 @ 72.00p
16:35 6,699 @ 72.00p

Coats Group Key Personnel

Chair David Gosnell
CFO Jackie Callaway
CEO David Paja

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