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They tipped again today .
Maybe a sell idea .
I am a little ahead now on my 10/8/17 Buy 75p*
https://www.fool.co.uk/2024/04/22/2-overlooked-cheap-shares-im-tipping-to-eventually-soar
Together with COST.
82p last weeks 2024 high.
They were 73p on 21/9/21 when tipped before at this thread start , 1/10/23 the 3 year low 51p
It was the kiss of death .
Nice SP rise today. Finally!
Agreed (as does the market) re the pension good news. Trading outlook still remains soft and they need a Q4 beat or stronger '24 outlook to move the SP up from here. Fundamentally good company with strong market position but facing negative macro
Projected sp, target is on the straight line drawn from the trough of 23/10/23, to the second subsequent peak dated 7/12/23. A glance at the projected line, suggests a target of 77/78. The RSI(relative strength index), has crossed above 50, which confirms the uptrend has resumed.
Coats announce that it has reached agreement with the trustee of the Coats UK Pension Scheme ("scheme") to switch off pension deficit repair payments1 from 1 January 2024. The Group has agreed to pay the scheme a one-off lump sum payment of £10 million ($12.6 million) to move it into an expected surplus position against the technical provisions funding basis and enable the switch off threshold to be comfortably met.
The shares bounced to 75p on this announcement but then fell back. This is a significant de-risking of the company in my view and will save them some £2m a month for as long as it lasts. I bought back at 69p (more shares than I had originally).
Don’t no why these were down this morning it was a very positive update especially expecting margin improvement from 15 to 17 that’s a decent jump in profits.Good luck all
Soon find out this week coming added more on the pull back looking for some more positive news on the pension
Hard to know what COA are really worth. They seem to be on an upward trajectory. A solid investment indeed.
Wish I'd topped up before today's good results
It's a dull category, let's face it. Digital technology it is not but hopefully this report will put some fizz in the shares. Market leading position with some growth potential following recent acquisitions...it is well positioned for future organic growth.
Anyone got any idea why the price tanked 4% today in a quiet market on the news of the Mauritius/Madagascar sale? Im assuming its a tiny, irrelevant operation as they didnt even disclose terms, so no idea why there was such an adverse reaction, unless theres something else out there Ive missed?
RSN today announcing that the company's final salary scheme has been partly de-risked by selling liabilities to Aviva.
This is good news for shareholders. The same investment but with less risk, surely worth 5p a share?
at yesterday's Capital Markets Day presentation
Medium term growth rate outlook raised.
Every large business deals ...with a range of issues every day,
it's a constant.
Perhaps try a substantive reply, rather than vague and vapid generalisations.
To deal with a range of issues
You may be right about 50 pence but cannot relate
to your associated comments.
Coats has been in freefall for some time, we can only hope that key 50p support level holds or its down to 38p level i feel with the current headwinds affecting the sector and currency crisis. Its also a worry here that management are always slow to act and never plan beforehand ,they always try to fight fires once well ablaze rather than plan ahead and see the opportunities.
before the close
in that zone now at the close and I have started to add.
Possibly sub 60 pence a possibility, but if the latest acquisitions pay off
this arguably looks highly attractive - all IMV only as always.
Between 61-63.5 pence ? ..
I should stress the above is a guess Only.
mel
don't forget the solar panels and turbines.lol.
Looks like there going to be a one shop global player would have topped up first thing this morning but have had committed all spare funds new roof.But I’ll put more if I get the chance
n/m
Added on Wednesday.