Come on bears you know you have to close, especially with another 57.72p ex div looming, 21st Dec. |
We live in hope. |
Could this be the break out we all been waiting for, got to close above psychological level of 2550p if we do, off to the races boys. |
Back to trading resistance at 2550p, need to be broken and held at close of business, then 2550p becomes support, off to the races leading up to ex dividend date 21st December another 57.72p in the isa bag. |
I see American petrol or gas (as they call it?) prices are at their lowest for two years,down from an average of $5 a gallon to $3.5 a gallon.All helps when it comes to buying consumer staples or discretionary items like tobacco in a cost of living crisis.Imagine paying just £2.80 for a galloon of petrol.......unreal |
I thought the Autumn statement was good for business, can't understand why market not higher. Still 60% to 70% of buys or sells in the market are by algorithms, perhaps they have not digested the statement yet, lol. |
Thank you for your answer.
With regard to the Indian government stake in ITC.. it should stay that way. If the governments owns a large part there will be less chance of anti smoking legislation. Hence, the Indian stake will perform better long term.
On another note, I don’t think it is a good idea for BAT to sell its stake in ITC since it is growing cash machine with a strong legislative stake holder, keeping the future profits safe. |
I suppose so, it's a fantastic investment, ITC. Let's see what Hunt has to say 12pm Autumn statement, may give market a boost. |
monty: ask yourself why you are invested in BATS. Then apply that same logic to BATS' holding in ITC. |
They should have a vote do we sell ITC and all get a special div or keep for the dividend Bats receive. |
The only UK based tobacco companies are BAT and Imperial stocks right? |
monty
i read the indians will not let them buy any more of itc as they tried to.. |
BRITISH AMERICAN TOBACCO P.L.C. 3,619,614,150 29.02 %
Life Insurance Corp.of India (Investment Portfolio) 1,896,861,285 15.21 %
The Specified Undertaking of the Unit Trust of India 974,531,427 7.814 %
These are the top three owners with 52% Can't see a specific government holding. |
You said ITC overpriced, but I think this is a hidden jewel in BATs crown, Bats get roughly $540 million a year in dividends.Whats the stake worth roughly 17 billion. They could always sell it and we all get a special or just keep it. I would love Bats to bid for ITC but don't think they can I think Indian gov owns 30% so I suppose they may see it a Indian sovereign wealth fund in a way.Either way ITC good for Bats. |
How much booze can you bring back from France, thought it was unlimited? |
how much does it cost though,illegal tobacco is rife every where and has been for years, easy to buy.. |
Yes agree, but don't want a nanny state don't eat fast food, no booze, no drinking, no gambling, no vapes better than cigarettes though. |
i only bought into bats recently as i avoided in the past,got to an age where share risk is low and i like the divi's.. |
Hated, unethical, shunned by pious investment groups who are pure and decent.
Share price permanently low...but great cash flow and dividends.
Sometimes it is good to swim against the tide, enjoy the dividends and try to sleep soundly despite your shameful guilt. |
just add more tax to buying burgers would be a good idea to help the health of the nation.. |
Autumn statement tomorrow will he hit cigarettes and booze which is the normal thing, got to be careful the tax they bring in, gov would lose that, people just pop across to France to load up of course a lot cheaper. |