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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| British American Tobacco Plc | BATS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -11.00 | -0.47% | 2,326.00 | 16:35:29 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2,344.00 | 2,325.00 | 2,355.00 | 2,326.00 | 2,337.00 |
| Industry Sector |
|---|
| TOBACCO |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 26/07/2023 | Interim | GBP | 0.588795 | 19/12/2024 | 20/12/2024 | 03/02/2025 |
| 26/07/2023 | Interim | GBP | 0.588795 | 26/09/2024 | 27/09/2024 | 01/11/2024 |
| 26/07/2023 | Interim | GBP | 0.588795 | 27/06/2024 | 28/06/2024 | 02/08/2024 |
| 26/07/2023 | Interim | GBP | 0.588795 | 21/03/2024 | 22/03/2024 | 02/05/2024 |
| 27/07/2022 | Interim | GBP | 0.5772 | 21/12/2023 | 22/12/2023 | 01/02/2024 |
| 27/07/2022 | Interim | GBP | 0.5772 | 28/09/2023 | 29/09/2023 | 03/11/2023 |
| 27/07/2022 | Interim | GBP | 0.5772 | 13/07/2023 | 14/07/2023 | 18/08/2023 |
| 27/07/2022 | Interim | GBP | 0.5772 | 23/03/2023 | 24/03/2023 | 03/05/2023 |
| 28/07/2021 | Interim | GBP | 0.5445 | 22/12/2022 | 23/12/2022 | 02/02/2023 |
| 28/07/2021 | Interim | GBP | 0.5445 | 29/09/2022 | 30/09/2022 | 10/11/2022 |
| 28/07/2021 | Interim | GBP | 0.5445 | 07/07/2022 | 08/07/2022 | 17/08/2022 |
| 28/07/2021 | Interim | GBP | 0.5445 | 24/03/2022 | 25/03/2022 | 04/05/2022 |
| 31/07/2020 | Interim | GBP | 0.539 | 23/12/2021 | 24/12/2021 | 09/02/2022 |
| 31/07/2020 | Interim | GBP | 0.539 | 30/09/2021 | 01/10/2021 | 11/11/2021 |
| 31/07/2020 | Interim | GBP | 0.539 | 08/07/2021 | 09/07/2021 | 19/08/2021 |
| 31/07/2020 | Interim | GBP | 0.539 | 25/03/2021 | 26/03/2021 | 12/05/2021 |
| 27/02/2020 | Interim | GBP | 0.526 | 17/12/2020 | 18/12/2020 | 03/02/2021 |
| 27/02/2020 | Interim | GBP | 0.526 | 01/10/2020 | 02/10/2020 | 12/11/2020 |
| 27/02/2020 | Interim | GBP | 0.526 | 09/07/2020 | 10/07/2020 | 19/08/2020 |
| 27/02/2020 | Interim | GBP | 0.526 | 26/03/2020 | 27/03/2020 | 13/05/2020 |
| 26/07/2018 | Interim | GBP | 0.5075 | 24/12/2019 | 27/12/2019 | 06/02/2020 |
| 26/07/2018 | Interim | GBP | 0.5075 | 03/10/2019 | 04/10/2019 | 14/11/2019 |
| 26/07/2018 | Interim | GBP | 0.5075 | 27/06/2019 | 28/06/2019 | 08/08/2019 |
| Top Posts |
|---|
Posted at 26/4/2024 20:48 by hope1815 Why are people worried about British American Tobacco the company?Maybe it is the decreasing market share of Cigarettes in Western markets. This is primarily caused by changing social habits and regulations impacting market share. It seems British American Tobacco has seen this and acted with the Impairment of its USA acquisition in 2017. The impairment is based on 30 years at around £700 million yearly by calculations. In the meantime, British American Tobacco has turned a profit in its smokeless category in 2023 beating its forecast by 2 years. It has put aside £150 million in Canada towards Cannabis. This is covering your bases if legalized in the coming years in the USA on a larger scale. Its portfolio across the world seems to be gaining more traction in Africa and India. ITC in India recently overtook BAT on a market cap basis. British American Tobacco owns 25.3% after reducing its position and using the proceeds for Buybacks in 2024/25. In November 2024 ITC Hotels will float and BAT own 17% of the proceeds from the sale will reduce debt and more Buybacks in 2026/27. British America Tobacco's EBITDA is above 10% which is a good omen going forward. The debt was reduced by £3 Billion in 2023 with a similar outlook through 2024/25. BAT is cash-generative which puts it in a position to move into other markets. This it has done in the past with Argos, Kohl, and Dillard's just to mention a few. ITC India is a good example of how BATS can diversify into other markets quickly. In the present climate, BATS in the coming years will remain cash generative with Dividend payments covered for the next 2 years or more. With debt coming down, interest rates look likely to fall in the coming 12 months. It may seem Seeking Alpha has the correct outlook for Bats. Happy Investing |
Posted at 07/4/2024 13:08 by hope1815 British American Tobacco DRR (Dividend Ratio Return) Scenario2023/24 Compound Model If share price drops Investment £23,290.00 £23.06 per share 1000 shares Dividend Q1 1000 £588.79 SHARE PRICE DROPS TO £ 22.84 1025 SHARES Q2 £603.61 SHARE PRICE DROPS TO £21.94 1052 SHARES Q3 £619.41 SHARE PRICE DROPS TO £20.98 1081 SHARES Q4 £636.49 SHARE PRICE DROPS TO £19.99 1112 Share Total share price bounces back £21.02 DRR is 20.94 2024/25 Investment 2023 Static £23,290 (1000 shares) 1112 shares forwarded from 2023/24 Dividend Increase 1.5% £2.3939 Break down £0.5984 per quarter Dividend Q1 1112 £665.52 SHARE PRICE DROPS TO £19.75 1145 SHARES Q2 £685.16 SHARE PRICE DROPS TO £18.78 1181 SHARES Q3 £706.71 SHARE PRICE DROPS TO £17.58 1221 SHARES Q4 £730.64 SHARE PRICE BOUNCES TO £18.78 1259 Share Total share price is £18.78 £23,644.02 DRR £18.49 This scenario shows the original investment is not lost if Dividends are re-invested over 2 years and the share price falls by 20%. The wider margins of a fall would still compound increasing shares and the DRR model would still show no loss on the original investment. This is my research and Linked to my recent post on the Dividend Ratio Return Model. Overall unlikely to happen but it is interesting to cover bases on what may happen, so people can see that Original Investment is not at risk. Happy Investing |
Posted at 07/4/2024 08:03 by hope1815 British American Tobacco Year 202427.3bn Impairment over 30 years impacted balance sheet loss (15,751.00) Operating £12,465 Billion profit 2023 Increase Current Liabilities Borrowing 4,324.00 Billion Non-Current Liabilities Borrowing 35,406.00 Billion depending on the Ratio of debt in dollars or pounds in which country the debt is taken with currency rates. Reduced by 3.3 Billion since 2022 ITC 3/4% sale rising Capital for share buyback reduced holdings to 25.3% ITC Hotels share Float in November 2024 Bats own 17% and will sell position rising a further Capital towards debt reduction and Buyback in 2026/27. Russia's position was sold to the management team Dividend growth 2% (Dividend Cover 1.5) 5 year Period Bats Operational Profit has increased New product line Profitable forward-looking Revenue to increase in this category. Overall Forward-looking British American Tobacco's coming year may see New Product lines (Vapes etc) become more Profitable. Capital position increasing with ITC Hotels sale. British American Tobacco Debt decreasing with Net debt Payments resulting in an Interest Rate Fall in the coming 12 months. Operational Growth in profit is in line with Guidance of 3-5%. Dividend Payments well covered for the next 2 to 3 years with a growth of 1.5% to 2.2% yearly. BATS Portfolio in World Markets is probably to increase in value coming 5 years. |
Posted at 29/3/2024 18:50 by hope1815 Dividend Ratio ReturnTo understand DRR on capital investment and the return over a period to illustrate- I did a bit of number analysis on British American Tobacco period 3 May 2019 through to 2023 British American Tobacco (BATS) based on an Investment of £200,000 in 2019 over a 4-year period on share price and dividend re-investment model. It will show how you would not lose money on your original investment. Investment Model £200,000 Investment buys at the price of £28.97 which gives 6903 shares Dividend 50.75p per share for each quarter Total of 203.00 for the year Each quarter would pay £3,503 in Dividend reinvested would add 123 shares to 6,903 giving a new total of 7,026. The new DRR now be 200,000 divided by 7026 £ 28.46 per share. Stamp Duty was included on the trades at 0.5% with Free trade on the Dividend Reinvested. I used this model with a Medium return on 123 shares per quarter over 4 years. I could give you the monthly yearly breakdown on each quarter number of shares reinvested and so on. I widened the perimeters on larger Investments of £500,000 and the time frame from 2018 to 2023. The results were similar so I kept to a medium model on the example I worked on. The return over 4 years on £200,000 on the return on share would range from £19.47 to £22.45 per share on 26 March 2024. The range on shares was between 8,590 to 9,600 shares after 4 years. It is just an Illustration showing the case in America where people have brought a Class Action they lost money. They lost when they sold not if they kept their Investment. I did consider people just being paid the Dividend quarterly hence I kept to 123 shares. The money they receive works in a similar way to Reinvestment. They would not lose money on the model above. I hope this helps Happy Investing |
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 09/2/2024 12:43 by stonedyou British American Tobacco p.l.c. (the “Company”Quarterly Dividends for the year ended 31 December 2022: Payment No. 3 – November 2023 (the “November 2023 Dividend”) "South Africa Dividends Tax (at a rate of 20%), equivalent to 272.23407 SA cents per ordinary share, will be withheld from the gross November 2023 Dividend paid to shareholders on the South Africa branch register, unless a shareholder qualifies for an exemption. After Dividends Tax has been withheld, the net dividend will be1088.93628 SA cents per ordinary share" South Africa Branch Register Finalisation Information On 9 February 2023, the Company announced that the Board had declared an interim dividend of 230.9p per ordinary share of 25p, payable in four equal quarterly instalments of 57.72p per ordinary share in May 2023, August 2023, November 2023 and February 2024. The November 2023 Dividend will be payable on 3 November 2023 to shareholders registered on either the UK main register or the South Africa branch register on 29 September 2023 (the record date). In accordance with the JSE Limited (“JSE”) Listing Requirements, the finalisation information for the November 2023 Dividend relating to shareholders registered on the South Africa branch register is set out in the paragraphs below. The salient dates and other dividend declaration information announced on 9 February 2023 remain unchanged for the November 2023 Dividend. South Africa Branch Register: Dividend Rate The British American Tobacco Group reports in sterling, therefore dividends are declared and payable in sterling except for shareholders on the branch register in South Africa whose dividends are payable in rand. A rate of exchange of £:R=23.58230 as at 14 September 2023 (the closing rate on that date as quoted by Bloomberg), results in an equivalent November 2023 Dividend of 1361.17036 SA cents per ordinary share. South Africa Branch Register: Dividends Tax Information South Africa Dividends Tax (at a rate of 20%), equivalent to 272.23407 SA cents per ordinary share, will be withheld from the gross November 2023 Dividend paid to shareholders on the South Africa branch register, unless a shareholder qualifies for an exemption. After Dividends Tax has been withheld, the net dividend will be1088.93628 SA cents per ordinary share. The November 2023 Dividend is regarded as a ‘foreign dividend’ for the purposes of the South Africa Dividends Tax. For the purposes of South Africa Dividends Tax reporting, the source of income for the payment of the November 2023 Dividend is the United Kingdom. At the close of business on 14 September 2023 (the latest practicable date prior to the date of the declaration of the South African rand equivalent of the November 2023 Dividend), the Company had a total of 2,236,380,130 ordinary shares in issue (excluding treasury shares). The Company held 220,541,649 ordinary shares in treasury giving a total issued share capital of 2,456,921,779 ordinary shares. British American Tobacco p.l.c. is registered with the South African Revenue Service (SARS) with tax reference number 9378193172. For the avoidance of doubt, Dividends Tax and the information provided above is of only direct application to shareholders on the South Africa branch register. Shareholders on the South Africa branch register should direct any questions regarding the application of Dividends Tax to Computershare Investor Services Proprietary Limited, contact details for which are given below. |
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 27/1/2024 09:01 by hope1815 Interesting to read people's views on how a stock performs looking forward. I think no one pays attention to anything these days and is obsessed with daily shifts, ignoring the fundamentals of a company, and in some cases ESG thinking which damages stocks.Let's take Broker's views on ESG which seem ingrained in their thinking. British American Tobacco year on year has paid a dividend for over 25 years and in the medium will continue to. The company is classed as a defensive stock if there is a downturn in the economy. The revenue stream much of the time is constant. Its Portfolio is wide and holds growth (ITC for instance alone pays a large dividend yearly, and its value has increased, Bats owns 29% think on that). The 31 Analysis Covers ITC India 460 to 580 up to 2025. Market Cap is around £68 Billion, Bats owns 29% presently is worth 20.6 Billion. If it increased as Forecasts suggest that would be increased to 30 Billion. Remember Bats Portfolio, please. If sold BATS CASH Reserve would be 25 Billion presently. I write occasionally on my dividend Stocks I hold and I look in now and again. I read the comments and think what do these people know? Most of the time they like to scare people with charts, and news articles on class actions, legislation changes, impairment, etc. I have mentioned some of the above before but people forget. Remember the boards are for discussion on a company. Just do the basic trading updates, revenue outlook, Dividend covered, debt coming down, Bats Portfolio growth, new markets, new products, etc. With that all in mind do the research and think medium to long term. Happy Investing. |
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