British American Tobacco Share Discussion Threads

[lovewinshatelosses] 25/4/2024 07:49

If I understand BB's correctly, they are done on average weighted volumes, so as not to have too significant an impact on daily price movements. Otherwise, you could really manipulate the price. Even in a stock of this size.

[jubberjim] 25/4/2024 07:43

Any one know the logic behind the drop in buyback to 210 thousand from the previous 280/300 thousand when the buyback started.

Or am I fretting about nothing more than an adjustment to spin the buyback out for a longer period.

Would be a sensible move in light of the haphazard machinations in the market

Hopefully share price will pick up as we near dividend being paid at beginning of May.

[redbaron10] 24/4/2024 22:56

For my sins i acquired some more here at 2351p.My rationale being PM came out with good results concerning their non-combustibles product growth for Q1,gbp/usd is lower and PM is close to a 52 week high for its share price BATS is far closer to its 52 week low than it is to its 52 week high.Also buy backs should in theory put some floor price under the share price around this level.The UK government vote on prohibiting 18 year olds from smoking is also behind us now as a distraction/drag for the share price Plus the ftse100 is on a roll at the moment. Well that's my thinking anyway.More of the 10% yield is quite some compensation if i'm proved wrong.The risk/reward as a value investment looks compelling.I thought the same was true at £29-£30 so i feel i have to keep adding at these levels when i have the funds available.

[plastow] 24/4/2024 20:53

An accumulation sideways trend is consolidation until it moves in a direction atm it's in a bear flag consolidation so it probably will be down but like I said who knows??

[lovewinshatelosses] 24/4/2024 16:11

Not sure myself. I mean it could be, but not nailed on yet IMO. I think we are simply range bound until the next update, but obviously if we finish below the 50 and we get confirmation over the next couple of days, then your spot will be right.
I have been toying with the idea of buying a few for a side pot trade, but it 'felt' like we wanted to go lower (back at 2250), so I held off.
10% dividend though, so worse potential value traps for a trade, especially if the BOD keep doing the basics right, which should eventually see us trading back a good deal higher than 23 quid anyway, IMO.

[laurence llewelyn binliner] 24/4/2024 14:04

#Mcunliffe1, that was the logic yes, but in reality how many ISA holders are there in the UK that have already maxed out their limit, and can go another +5..?

1M holders would direct GBP5BN into the UK listings, significant yes, the FTSE100 has a 2TR valuation so it would add just 0.2%, and that is is if it all went into the main market listings which is small change in reality..

Better to make the London market more investible with consistent fiscal policy, lower interest rates, corporation tax breaks for investing in your own business and encouraging SME instead of penalising them by withdrawing tax breaks for company directors.. Grrrr, Brexit has not helped at all, but we wont mention that.. :o)

[mcunliffe1] 24/4/2024 12:43

I suspect because JH wants to attempt to 'direct' that extra £5k to UK stocks rather than elsewhere in the world.

[laurence llewelyn binliner] 24/4/2024 12:00

Final batch waiting dividend income here too, 80% complete and 20% to go, the price does not matter so much now with the majority of the position built.. :o)

Why did JH not just raise the ISA allowance this year to GBP25K instead of pi55ing about with an extra layer of complexity for an additional 5K allowance subject to a review, which is not expected to add anything until July if approved..

[jubberjim] 24/4/2024 11:06

Ok thanks everybody

As I said until them dividends start making an appearance my hands are tied
Thanks again

[huckers] 24/4/2024 10:04

You could equally argue for it to be an accumulation pattern.

[plastow] 24/4/2024 09:54

On the daily chart it's range bound atm I class it to be trading in a bear flagBut charts can deceive??

[jubberjim] 24/4/2024 09:16

What's a bear flag please

I don t think its what I want to hear at least not until dividend is paid into my account.

Bereft of funds at moment.

[plastow] 24/4/2024 08:40

This seems to be in a large bear flag time will tell?? Anyone's guess

[action] 23/4/2024 18:42

Apart from GLEN.

[mcunliffe1] 23/4/2024 17:38

I've seen that trend. Same in Diageo (DGE). I hold both.
Thinking I might sell some Diageo at 08:05 tomorrow and buy same value back at 16:20.

Just need to get up in time.

[11romano] 23/4/2024 16:38

,,,,,, and such a great start to the day we're getting back in the trend of afternoon decline, waiting for £30 target then offloading how long that will be is anyones guess!!

[montyhedge] 23/4/2024 07:48

Yes payday 2nd May, then 13 weeks until the next dividend, I like it, better than every 6 months, lol.

[jubberjim] 23/4/2024 06:50

Anything and everything is struggling to make any headway.
Rapidly running out of puff(sic) the nearer we get to dividend landing in the accounts

I expect a flurry of activity over the next week and even though I have long given up the weed will continue to hold for that awesome dividend.

[plastow] 22/4/2024 21:50

Nice to see a tick up but as far as I see just sideways swing??

[laurence llewelyn binliner] 22/4/2024 17:28

Last weeks buys at 100 pence lower not looking so bad today, a good day to be holding BATS/IMPS.. :o)

[montyhedge] 22/4/2024 14:39

The weak pound helping ftse 100 dollar earners.

[montyhedge] 22/4/2024 08:12

Dividend reinvestment coming 2nd May they go up, always happens, lol

[laurence llewelyn binliner] 20/4/2024 10:17

#Action, until late 2023 getting a 4/5% return on cash was not an option, so un-invested cash was not bringing in any dividends, now the tide has turned so it makes more sense to have a higher proportion of cash ready and waiting, each to their own weighting, 10% is sensible just in case any bargains come along, BATS coming off from 2900 to 2300 on the write down was just 1 of those events (IMO), buyback secured for 2024/2025, ITC holding reduced, debt reduction in progress, further divestments likely, resulting in more of the same..

PF results are of course measured over a FY, anything can happen.. :o)

[action] 20/4/2024 09:10

Sorry I mean recon AGM next week?

[action] 20/4/2024 09:09

Agree. But as a trader I like cash to reinvest when share price weakens ie in case of BATS 2900p to 2280p. Also I recommend there is AGM next week?May see some share price movement up or down. Be ready to pounce.