Coats Group (COA)

Sector:

Financials

Index:

FTSE 250

 94.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 104.20p
  • 52 Week Low: 66.00p
  • Currency: UK Pounds
  • Shares Issued: 1,597.81m
  • Volume: 0
  • Market Cap: £1,501.94m
  • RiskGrade: 39
  • Beta: 1.17

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 94.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 104.20p
52 Week Low 66.00p
Volume 0
Shares Issued 1,597.81m
Market Cap £1,501.94m
Beta 1.17
RiskGrade 39

Coats Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.8% below the market average83.8% below the market average83.8% below the market average83.8% below the market average83.8% below the market average
90.74% below the sector average90.74% below the sector average90.74% below the sector average90.74% below the sector average90.74% below the sector average
Price Trend
79.04% above the market average79.04% above the market average79.04% above the market average79.04% above the market average79.04% above the market average
58.93% above the sector average58.93% above the sector average58.93% above the sector average58.93% above the sector average58.93% above the sector average
Income
34.51% below the market average34.51% below the market average34.51% below the market average34.51% below the market average34.51% below the market average
72.31% below the sector average72.31% below the sector average72.31% below the sector average72.31% below the sector average72.31% below the sector average
Growth
35.26% below the market average35.26% below the market average35.26% below the market average35.26% below the market average35.26% below the market average
5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% 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
  Interim Final
Ex-Div 17-Oct-24 02-May-24
Paid 14-Nov-24 30-May-24
Amount 0.93¢ 1.99¢

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Coats Group Key Personnel

Chair David Gosnell
CFO Jackie Callaway
CEO David Paja

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