COA - Coats Group plc (formerly GPG - Guinness Peat Group Plc)

[Scrunch]

When was the "jump", and how might it relate to the Brexit-devalued pound?

Several features including removal of the nz sell pre delist presure, profit upgrades and making progress on the pension liability issues. The highs expectations had a sell down when the profit result with a small div came out.

[PLYNCH]

Share price up to 85p.($1.56 NZ).Happy long suffering holder.

[share4eva]

Share price now 90p ($1.71 NZ) Happy long suffering holder

[Balance]

Share price now 90p ($1.71 NZ) Happy long suffering holder

Absolutely no thanks to that has-been big time double loser Ron Brierley.

[share4eva]

Absolutely no thanks to that has-been twice big time loser Ron Brierley.

Feel sorry for those that sold out when the shares transferred from NZX to London Stock Exchange. I think it was only trading at about 55 cents. If people had held on that would be 3 x by now.

[whatsup]

Feel sorry for those that sold out when the shares transferred from NZX to London Stock Exchange. I think it was only trading at about 55 cents. If people had held on that would be 3 x by now.

I sold out @ .55 and put the money left into ATM @ 1.51 N Z !!!

[Balance]

I sold out @ .55 and put the money left into ATM @ 1.51 N Z !!!

You, Sir, are a champion!

Meanwhile, Ron Brierley continues to play with his .....

[blackcap]

When was the "jump", and how might it relate to the Brexit-devalued pound?

Why does everyone think the pound has devalued because of Brexit? That is such a commonly held fallacy.

On the 23rd June when the Brexit vote was held 1 NZD was worth .487 pounds.

Currently it is worth about .5235. Yes it has devalued but not outside the margins of normal trading.

Versus the USD it was 1.38 and now 1.30. Again not that much of a movement when normal currency movements are concerned.

More interestingly if you look at a 10 year chart of GBP versus Euro, well colour me blind it is exactly the same price it was 10 years ago. Currencies will go where they go and Brexit did have the initial downward movement but since then it has been very stable if not strengthening.
So if Coats appreciated because of Brexit and the devaluation of the Pound, it should have happened in June 2016.

[Balance]

Seems the old warhorse can't just get the message and retire quietly but needs to have one final (?) tilt at the windmill!

(Apologies for the mixed metaphors there but you probably get my drift.)

It looks like a cheap ride for a man of RB's wealth but I think I'll leave him to it.

Obviously been too preoccupied with other things in GPG’s dying days to keep an eye on how GPG was becoming a plaything and source of unlimited fees for his fat cats.

https://www.nzherald.co.nz/business/...ectid=12294884

The final fall from grace for this once feared and respected corporate raider.