|British American Tobacco
||EPS - Basic
||Market Cap (m)
British American Tobacco Share Discussion Threads
Showing 2226 to 2248 of 2250 messages
|Results out on Thursday.|
|Great thanks. Need to form a base camp above £50.|
|14th feb Citigroup buy tp 5600p
BAT is now very well positioned to take advantage of the potential growth of the Next Generation Products (NGPs). When combined with Reynolds American, BAT has, through a mixture of acquisitions and its own investments, become market leader in vaping in the US, UK and Poland but also with a presence in most key western European markets.
In December 2016 the group launched its heated tobacco product in the city of Sendai in Japan, and it has a hybrid called iFUSE in the Romanian market. On the vaping side BAT has a portfolio of open and closed system products, the ability to develop and produce
its own e-liquids and more recently developed a new convenient format called epebble. Furthermore, in 2017 it will be looking to launch a vaping product called ‘Raptor’ that is said to allow a more rapid nicotine absorption by consumers than historical products.
2017 is likely to be the year that PMI’s iQOS makes significant volume gains but it is clear that BAT has a very competitive portfolio across all existing products, though how successful or otherwise will not become clear until 2018. It is worth pointing out that BAT will be able to market its full range of products in the important US market, where the tobacco market leader, Altria Group, has only made selective investments in vaping and will be the license holder for iQOS when this is launched post-approval by the FDA, probably in 2018.
Following the consolidation of Reynolds American the group will generate over 40% of its net profits from the US market and c63% of profits from the developed world. Historically, BAT had a strong bias towards the emerging markets (EM) but this has now changed. We believe this points to both how attractive management views the US market following the 2015 acquisition of Lorillard by Reynolds American, but also possibly that some of the major challenges of volume declines and offsetting rising costs will be felt primarily in the EM.
BAT stated it estimates potential cost synergies of around $400m but without mentioning a timeframe. Based on 2016 estimates this would represent 2.2% of the combined cost base, excluding Medicaid Settlement (MSA) and FDA payments.
Given the lack of geographic overlap the low rate of cost savings is hardly surprising; moreover the savings would represent an impressive 11% of the estimated 2016 cost base (excluding MSA and FDA payments) of Reynolds American as a standalone business. Clearly BAT could be a major beneficiary of any moves to reduce the US corporate tax rate, but our current estimates assume no change.
We increase our price target by 10% to 5,670p and upgrade the rating from Hold to Buy. The price target reflects the change in the DCF valuation based on the estimates for the combined group.
|Berenberg upgrading from 'hold' to 'buy' .... tp up from 5150p to 5670p|
|British American Tobacco to Discontinue Dunhill Cigars and Pipe Tobacco
|Fags and ABF doing it for me today....... looks like a week of cold weather coming up :-S|
|It's the bullseye ).|
|Good chance today though ;-)|
|Nice to know the reason. thanks phil.|
|Not today , £ rebounding in the last hour put paid to that ;-)|
|Maybe it will hold above 5000p today.|
|7th feb Whitman Howard hold tp 5300p
|Touched the 5000p but couldn`t quite hold|
|Global tobacco giant Philip Morris International (PM) earnings missed forecasts Thursday, but not as strong as Wall Street expected. But accelerating sales growth cheered investors.
Philip Morris earned $1.10 a share in Q4, up 11% vs. a year earlier but 3 cents below views. Sales excluding excise taxes rose 9% to $6.97 billion, vs. forecasts for a 4% gain. Sales have shown an improving year-over-year change, from smaller declines to faster gains, for several quarters.
While traditional cigarettes continue to see weaker demand, Philip Morris reported booming demand for its "heat-not-burn" products. It shipped 3.7 billion Heat Stick units, compared with 62 million in the same quarter last year.
|British American Tobacco opens office in Azerbaijan
|'Cash from beer stake helps boost fourth-quarter earnings for Marlboro group Altria'
|Investors are lining up to join the vapour products market
|Was it really 46.3m dollars. In googling I noticed they lashed out £394m last summer on a Croatian company.|
|Can`t argue with that :-)|
|For UK me too, but then I've been deep in US large stocks too for a year and added
post Trump. As I did both on BATS and IMB on that bad down day in November.
My duds(BT,EZY,GENEL,IPO,IRV)are painful but fortunately a relatively small % of my portfolio now.
I say to my broker why buy EZY when we can buy Boeing. FB GOOGLE AMAZON aren't going to slow down anytime soon.|