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BATS British American Tobacco Plc

2,406.00
17.00 (0.71%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
British American Tobacco Plc LSE:BATS London Ordinary Share GB0002875804 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  17.00 0.71% 2,406.00 3,983,975 16:35:29
Bid Price Offer Price High Price Low Price Open Price
2,407.00 2,408.00 2,411.00 2,384.50 2,386.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cigarettes 27.72B -14.37B -6.4241 -3.75 53.84B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:02 O 1,786 2,406.48 GBX
Related Shares
Imperial Brands (IMB)

British American Tobacco (BATS) Latest News (4)

British American Tobacco (BATS) Discussions and Chat

British American Tobacco Forums and Chat

Date Time Title Posts
29/3/202409:12British American Tobacco8,792
11/5/202309:01Recent broker forecast 5
02/1/201921:29British American Tobacco (BATS) One to Watch on Thursday 1
14/11/201409:11British American Tobacco - HOW MUCH HIGHER208
15/10/201414:40TipTV: What would Maria Psarra do with BATS?-

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British American Tobacco (BATS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-28 18:45:042,406.481,78642,979.73O
2024-03-28 18:45:032,406.481,08426,086.24O
2024-03-28 18:08:092,405.4938,445924,790.25O
2024-03-28 18:07:222,404.8428,790692,353.72O
2024-03-28 17:50:402,405.7688,4482,127,845.72O

British American Tobacco (BATS) Top Chat Posts

Top Posts
Posted at 29/3/2024 08:20 by British American Tobacco Daily Update
British American Tobacco Plc is listed in the Cigarettes sector of the London Stock Exchange with ticker BATS. The last closing price for British American Tobacco was 2,389p.
British American Tobacco currently has 2,236,419,367 shares in issue. The market capitalisation of British American Tobacco is £53,841,796,261.
British American Tobacco has a price to earnings ratio (PE ratio) of -3.75.
This morning BATS shares opened at 2,386.50p
Posted at 29/3/2024 09:12 by ygor705
Car1pet: A bit more about cup and handle formations. I'm by no means an expert on charts but I do look for one or two patterns. Cup and handle is a bit of an odd bird as it can pop up over either short or long timeframes (even years). If you look at the 3 month chart here after last nights close you can see the shape of the cup. As the theory has it, if the share price turns down a little next week but then goes up again a handle will have formed. This is considered a bull signal because of the particular pattern of price movements needed to produce the shape. Anyway, it still might not happen and every rule is made to be broken! In this case we're looking at a short period pattern so we'll have the answer soon enough. Perhaps not something to get overly excited about but at least it's another potential positive supporting a BAT share price recovery story.
Posted at 19/3/2024 12:14 by hope1815
It only applies if the share price remains low in the coming months if it spikes toward the impairment announcement the case falls apart. The Investor has a mind of when to buy and sell.

Their position falls short on this principle

If a company announces they have a profit warning or falls short of Guidance the share price reflects that news. The Investor sells that position on that news.

It illustrates the US law firms blaming a decision announced on impairment to which BATS reflected over 30 years on their acquisition in 2017 which many analysts agree with.

The class action can be back over 6 years to 2017 but action needs to be proven on false information on the category mentioned by the US firm to which the Investors made their loss. The dividend they may have got plus the share price at the time of the court case showing their capital loss. The period had a lot of bumps in the road where the share price was affected, by Covid, Inflation, law change, and social habits which Bats had no control over.

A scenario -

Just think they are in court saying Investors lost $100,000 on their Investment when they sold. On the proceedings, BATS Lawyer steps up and asks when they sold(ask if they bought back in on a lower price ) and then points out the share price is 10% or more today when they bought, does an open palm expression, and shrugs his/her shoulders at the judge then sits down.

As an Investor, you expect good and bad news. If some people think otherwise well they not thinking straight

To be honest it would be interesting if common sense does exist.

Happy Investing
Posted at 13/3/2024 09:31 by mcunliffe1
I note an interesting aspect. BATS sells about 4% of its ITC stake, 437m shares and announces a share BB.

ITC share price rises 5% on the disclosure and execution of the SALE of a large chunk
BATS share price rises less than 5% on the disclosure of a share BB.

I read in a report in the national press that regulatory restrictions make it very difficult for companies to increase their holdings in India - ITC in particular - and the tobacco market was noted to be a growth area in India.

Seems odd that BATS should sell down part of it's 'valuable' holding in ITC at this time. Odd to me - maybe not odd to the market.
Posted at 12/3/2024 11:02 by mcunliffe1
BATS sells down part of its stake in ITC.
BATS consequently receives a smaller amount of dividend from ITC.
BATS uses some of that ITC sale receipt to buy its own shares.
BATS can pay a greater dividend to its shareholders because there are fewer shares.
BATS has less income from ITC to pay its own shareholders.

Kinda' strange don't you think?

Is this a good time to be selling some of the ITC stake given ITC share price has fallen 16% this year so far. Wouldn't your BB logic imply that BATS should be buying MORE of the ITC shares?

With BATS owning 29% of ITC perhaps ITC's drop is also dragging down BATS. However, there are 36 analysts covering ITC. 15 give ITC a strong buy, 17 a buy.

So, BATS management are considering a 4% sell.

Way to go!
Posted at 04/3/2024 20:05 by hope1815
Interesting views on British American Tobacco presently sit 10th place in the FTSE 100 with a Market Cap of £52,209.26 Billion.

Its revenue every year has been above £25 to 27 Billion for the past 5 years or more. Its operating profit this year was above £11 billion before the impairment was applied. The operating profit has increased year on year.

The debt is coming down fell by £3 Billion this year alone. Interest rate to fall which in the medium term will impact savings on borrowing payments.

British American Tobacco Portfolio includes ITC which was formed in 1910 they currently have 29%. ITC is floating as a separate company with hotels etc which BATS holds 17% which they want to sell. This will probably raise a few Billion for Debt reduction, share buybacks, special dividends, etc. Bats still retain 25% in the ITC group which pays a regular dividend to Bats.

People who say it's a value trap, a falling knife, etc. I think they need to look at the Board, company Fundamentals, and Portfolio. I think you may see a company is profitable year on year, dividends well covered, asset value of its holdings around the world to increase India, and Nigeria's growing populations.

It is a buy at these levels as the dividend yield will keep increasing as the share price drops. Bats are cash generative with new products and markets opening up, investing in new tech, and keeping up to speed around the world.

People can decide what they like but do some research before commenting, please.

Happy Investing
Posted at 02/2/2024 18:54 by laurence llewelyn binliner
#MCunliffe1, with the share price down from a peak of 5500 in 2017 and the RJN takeout, down to 2350 today from 3100 a year ago, but now the debt to EBITDA has been cut in half, the Vape juice sector is about to be regulated and BATS are very neatly positioned with c50% of that market sewn up already..

Keep buying the weakness stake building should be a good long term strategy for the 10% yield until the share price picks up, if they do a BB in H2-2024 and miss the weakness we will have to wait and see..

At FY-2017 - total borrowings were GBP49.50BN, an increase of 30BN on 2016 for the RJN takeout.
At H1-2023 - total borrowings were GBP42BN with net debt 37BN

Debt is still way too high IMO, it needs to come down, but when you can save 10% on your dividend payouts with a BB, maybe a split is a good compromise..?
Posted at 31/1/2024 17:50 by hope1815
I did some research on ITC 78% of its revenue is from Tobacco within India (Growth of the Population is set to rise in the coming years and then flatten). ITC is going to float part of the Business and BATS will hold 17/19% which they want to sell.

The projection of ITC as a company is set to grow if forecasts are correct. In the meantime, Bats has lowered the Debt, controlled costs, maintained Revenue, and looking to expand its product line.

The only time to offload ITC is if someone else wants BATS shares. There seem a few suitors in India for that. I would think Bats will hold ITC for now and see how it progresses. It is always best to sell an asset when your asset has appreciated to the point that it might even be overvalued, selling can be a good way to realize other avenues of investment. Bats shares in ITC stand at 29.02% which each passing year will reduce.

British American Tobacco with no debt does seem appealing with constant Revenue. That is another discussion for another time.

The subject could be on Debt repayment ratio to ITC Dividend to BATS plus other subject matter on Bats Portfolio. (The debt repayment taken out does show Profit Growth).
Posted at 31/1/2024 17:26 by 0x3f
You think what you want. Plenty of merit in my thoughts:

- Selling a company on a PE of 27 to buy another on PE of 6 makes a lot of sense. The question is how much growth is reflected in the ITC multiple vs BATS. BATS has it's own growth catalysts (eg Next Gen products, Cannabis etc) which are being overlooked by the market.

- There comes a point where the value of ITC is so large that BATS effectively becomes an Indian(/American) tobacco company, rather than an internationally diversified company. I know, growth prospects there are good, but worth considering the concentration risk.

- Having a large mispriced asset on the balance sheet (it's reflected at a fraction of it's true value) must make BATS more of a takeover target. Competing company could takeover, sell ITC: resulting in getting BATS for a fraction of it's true value. Management must realise this.

- BATS have recently written down the value of their US assets, resulting in a large capital loss on the books. Could this be because they are expecting to make a large capital gain in the near future which they could offset (ITC sale)? At least gives them some flexibility in this regard.

I'm not saying any of the above will happen, but good investors must be open to alternative viewpoints instead of sticking to "ITC is the jewel in the Crown and must never be sold" mantra.

Oh, and aggressive means diverting the majority of free cash flow, or proceeds from disposals into buying back stock. I would have thought you'd be able to figure that out.

-0x3F
Posted at 26/1/2024 19:52 by redbaron10
You see it all the time in mining companies and oil and gas.Preliminary geological surveys and sampling from a test drill in mining or oil exploration can give a great reading,the company announces the result of a test well/mining operation, and the share price shoots up.When a viability study is done as to whether the reserves are big enough to make a new mine/new drilling well economical gives a negative conclusion, then the share price tanks.The companies i presume are duty bound to give news like this of their company to the markets and the share price will react accordingly.Either the company benefits hugely from this new discovery or wastes valuable capital expenditure on producing a dud.I don't see the difference.No one can fortell what is going to happen in the future,but i think one can unarguably predict that cigarette sales will continue to fall as governments and regulators globally are anti-smoking.The reality is cigarette volumes will continue to decline and BATS CEO and board are just being realistic in their assessment.They would probably be rightly criticised for continuing to keep an inflated,unrealistic, asset figure on their balance sheet when it doesn't merit such an valuation.
Posted at 10/1/2024 17:04 by mcunliffe1
disc0: to answer your question as to why I invested....it was to reap a decent dividend and one that pays out four times a year.

If a company has spare cash and is able to buy back its own shares the hope is that the resulting lesser number of shares will each own a little bit more of the company that was the case before the BB.

But that extra value comes at the expense of no longer having the cash sat in the bank account. So, it could be saif the company is less valuable without that cash.

It diminishes the ability to pay a dividend of an equal value to that paid in the previous year - particularly when profits may not have been as healthy as that previous year. The flexibility of using cash reserves to boost divi. in tough times has been spent on the BB.

Now, if the theory of an increased share price really does result from the BB, and it often doesn't or at best, isn't overly obvious, then my own share valuation will have increased but given I didn't sell my shares when they fell significantly I'm not enamoured by the fact they've risen.

That dividend I'm after, it NOW buys a lesser number of shares than it would have done before the BB - again assuming the BB really did raise the share price


To sum up, it is hard to determine if a BB has done the job of raising the share price It is very evident though that the money used has now gone and any alternate uses for that cash have been blown.
British American Tobacco share price data is direct from the London Stock Exchange

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