Coats Group (COA)

Sector:

Financials

Index:

FTSE 250

86.70p
   
  • Change Today:
      0.50p
  • 52 Week High: 87.30
  • 52 Week Low: 64.10
  • Currency: UK Pounds
  • Shares Issued: 1,597.81m
  • Volume: 1,942,943
  • Market Cap: £1,385.30m
  • RiskGrade: 39

Coats sells Brazil, Argentina business for undisclosed sum

By Frank Prenesti

Date: Tuesday 10 May 2022

LONDON (ShareCast) - (Sharecast News) - UK-based thread maker Coats Group said it had sold its Brazil and Argentina business to Reelpar, an entity backed by a Sao Paulo private equity firm, for an undisclosed sum.
The deal is expected to complete in May, Coats said on Tuesday, adding that it would add around 50 basis points to the group's adjusted operating margins.

Under the terms of the disposal, Coats will fund $10m to support restructuring of the business.

An exit from Brazil and Argentina is in line with Coats' strategic initiatives, announced in March, to accelerate profitable sales growth and transform the company, the company said in a statement.

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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 86.70p
Change Today 0.50p
% Change 0.58 %
52 Week High 87.30
52 Week Low 64.10
Volume 1,942,943
Shares Issued 1,597.81m
Market Cap £1,385.30m
RiskGrade 39

Coats Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.39% below the market average74.39% below the market average74.39% below the market average74.39% below the market average74.39% below the market average
85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average
Price Trend
73.06% above the market average73.06% above the market average73.06% above the market average73.06% above the market average73.06% above the market average
63.79% above the sector average63.79% above the sector average63.79% above the sector average63.79% above the sector average63.79% above the sector average
Income
9.96% below the market average9.96% below the market average9.96% below the market average9.96% below the market average9.96% 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
43.79% below the market average43.79% below the market average43.79% below the market average43.79% below the market average43.79% below the market average
8.26% below the sector average8.26% below the sector average8.26% below the sector average8.26% below the sector average8.26% 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 02-May-24 19-Oct-23
Paid 30-May-24 15-Nov-23
Amount 1.99¢ 0.81¢

Trades for 15-May-2024

Time Volume / Share Price
16:18 1,190 @ 86.70p
16:18 2 @ 86.70p
16:15 682 @ 86.80p
16:15 834 @ 86.80p
16:15 538 @ 86.80p

Coats Group Key Personnel

Chair David Gosnell
CFO Jackie Callaway

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