Having re-emerged as a newly independent company earlier this year, Coats is well placed to build on its industry-leading position. Prospects may not be fully reflected in the valuation until there is greater clarity on pensions. We contend that business development is not constrained here and – on single digit underlying multiples – Coats offers good value.
23 Oct 2015
Newly independent, seeking growth
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Newly independent, seeking growth
Coats Group plc (COA:LON) | 81.2 -0.4 (-0.6%) | Mkt Cap: 1,298m
- Published:
23 Oct 2015 -
Author:
Toby Thorrington -
Pages:
13
Having re-emerged as a newly independent company earlier this year, Coats is well placed to build on its industry-leading position. Prospects may not be fully reflected in the valuation until there is greater clarity on pensions. We contend that business development is not constrained here and – on single digit underlying multiples – Coats offers good value.