Re Rise in SP13 May 2024 10:42
The smart money suggests that Coats may be a stronger buy than we everyday punters believe. Today (Monday 13th) has seen 3 million shares change hands, mainly off book, at around 86.5 pence. Quite aggressive buying for Coats shares. I believe that money is looking to the future. Coats is very well positioned to dominated the high quality/high value end of the threads market. My own pick is that it will be the Performance Materials division that will shine over the course of this current decade.