Recently promoted to the FTSE-250

I have topped up today in anticipation of a trading update after the weekend.

Previously burdened by a longrunning pensions deficit on three fronts - agreement on all three of which was reached last month. The cost of the settlement was published, so should already be in the price which looks poised to break up past 78p about now?

Website: www.coats.com

In its recovery, the share price has trebled in the last year, taking it back up to where it last was 10 years ago. (Note - I haven't checked what restructuring has taken place along the way).

Directors purchases in the past year:

Dec.Date Type Director Pos No. of Shares
02/03/2017 BUY Simon Boddie FD 100,000
01/03/2017 BUY Rajiv Sharma ED 200,000
22/12/2016 BUY Nicholas Bull NED 150,000
22/12/2016 BUY Ruth Anderson NED 100,000
03/03/2016 BUY Paul Forman CEO 500,000

Coats is the world’s leading industrial thread manufacturer and a major player in the Americas textile crafts market. At home in some 60 countries, Coats employs 19,000 people across six continents. Revenues in 2016 were US$1.5bn.
Providing products and services to the apparel and footwear industries; applying innovative techniques to develop high technology Performance Materials threads and yarns in areas such as automotive, composites and fibre optics. Headquartered in the UK, listed company on the London Stock Exchange.

More than 450 million pairs of shoes are made every year using Coats’ thread
More than 100 million car airbags are made using Coats’ Performance Materials thread every year. Our Red Heart knitting and crochet yarn brand has been named ‘America’s Most Recommended’ by the Women’s Choice Award for three years running. Our flame retardant Performance Materials threads can withstand temperatures as high as 1,000 degrees Celsius. Coats is the second largest supplier of zips to global brands.

I would welcome comments and observations please.

Surprised nobody seems to be following this, could be a 2019 winner!

Recent technical Indicators suggest COA as a strong buy.

Bullish bottom Triangle/Bottom Wedge generated 31 Dec 2018 suggests a target price of 96.00 - 99.00

All in all, looking like a strong candidate for 2019!