phil
I'll take that with our 230.9p dividend on top, lol.
Agggg Imperial Tobacco up 2% now, I hope not backed the wrong horse. |
Goldman Sachs cuts British American Tobacco price target to 2,750 (2,950) pence - 'neutral' |
I see Imperial Tobacco ups it dividend and with buybacks look good.Hopefully Bats ups dividend to 240.9 and start buybacks these companies are cash cows. |
Money moving to APH |
Good answer of course inflation eroding debt. |
But all that debt has been deflated by 8% -10% in the past year (and more if the real world rate of inflation was higher than the official figures).So if the average interest cost of the debt is less than inflation, they are quids in holding on to more debt. |
Terry, out in Mauritius. Hardly the UK's answer to Warren who still lives in the same house in Omaha that he bought many years ago.
I can't blame Terry as I'm off to Mauritius for a holiday next Feb. But I'm not a tax exile like him. But then I don't need to be with the piddling amounts I have. |
Interesting on you tube search Terry Smith the uks Warren Buffett they say he's view on tobacco stocks, he's got or had a massive holding Phillip Morris very interesting. |
I agree MCunliffe.The interest rate environment was clearly on an upward trajectory at that stage as it was well sign-posted by the US Federal reserve.They were raising rates and diminishing their balance sheet after years of QE.That was clearly a time for the BATS CFO and board to make some paying down of debt a priority.The BATS share price now is suffering from its debt overhang to a large extent imho. |
I hate to rain on your parade monty but my research of the BB undertaken by BATS between 14th Feb 2022 and 14th Dec 2022 showed the average price ranged between £32 and £35 a share.
Then, when the BB stopped the share price dropped quite quickly.
Now, it was recently posted on another board here on ADVFN that Warren Buffet, whilst not disliking buy backs says they should be treated like buying shares. Buy Low.
Now may well be the time for a BB at BATS but Feb-Dec 2022 clearly wasn't. |
Ex div 21st December for another 57.72p, I think buybacks will return.Then off we go, massive dividend and buybacks soon get us back to 3400p in my opinion, the price we were 11 months ago. |
As long as the next update is satisfactory, I would be happy to see a buy back launch (as long as debt reduction is fully on track still of course).
Current dividend more than adequate IMO. |
With Bats they friendless no one wants, it seems, we got to start buybacks to get back up nearer the 3400p they were 11 months ago.Imperial up 1.8% today on buybacks helping, Bats should be up about that, as long as we finish 2525p another higher low. |
With cash on the sidelines coming back into equities then high yielders seem the natural choice in my opinion.
Plenty to pick from as monty mentioned earlier and I am sure all that money won't gravitate towards US equities / the magnificent 7 either.
Good luck all 👍🏻 |
 With consumers trading down to cheaper brands due to the cost of living pressures i don't think the share price here is going anywhere fast tbh.The trading update in December will reveal if brands like Dunhill,Kent and Lucky Strike have been affected by trading down to other cheaper brands and therefore how impactful it has been to profit margins at BATS as a result.Altria and IMB have reported flat revenues,with increased profitabily and i'm hoping for the same here.Profitability and NGP growth metrics are going to be key in the December report imho.Some buybacks would be a sign of confidence to the market and some debt reduction a bonus.I'm not expecting a dividend increase for 2024.The fall in global stick volumes is a known known so hopefully that's already reflected in the share price at its current level.What we don't want is some 'Diageo'-like event where they suffered big drops in volumes in S.America and it tanked the share price there ie an unexpected left-field event that no one could've predicted. |
Of course with inflation down, I can't believe the number, incredible.FTSE 100 high yielders should now come back into fashion, Bats, Phoenix etc. |
Another ex div 21st Dec, don't you love these quarterly dividends, not spent the last one yet, lol |
Yeah can we get a reaction like the US did today???
I doubt it, even if we do exceed expectation, but I do think a beat will lead to an FT100 boost.
Good luck all 👍🏻 |
Nothing goes up straight line, as long as we have a higher low, at close today, if we can close above or at 2520p bodes well for tomorrow, especially if inflation report down to 6.5% |
Hopefully U.K. next inflation report nice reduction, should boost the Ftse100 high yielding stocks. |
Worldwide T, what are you on about? If BATS has a heavy weighting in the FTSE it would affect the FTSE if it went up or down not the other way round.
A black swan by definition can't be assumed because of anything, if it could it wouldn't be a black swan. A black swan is an unpredictable/unexpected event. |
Bats stake in ITC must be worth around £16 billion, alone. |
That's why 2500p and not 3400p they were 11 months ago, I think all in the price. In the meantime collect another quarter div of 57.72p in the bag, ex dividend 21st December. |
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