Seems to me until we have FY results and 2024 outlook in FEB24 , this will remain in doldrums and drift lower. I will add after this milestone if the divi commitment remains intact. Until then, I am focusing on other investments GLA |
A £3 Environmental levy on all vaping devices to cover recycling & litter concerns would do little harm to the legitimate Reusable market, but would spell economic death to the illicit Disposables market that wantonly targets youth and openly defies regulators.
BAT should press hard for this. |
The Democrats want to attract health voters but have suddenly become aware that Black voters may react badly to having their beloved menthols forcibly taken from them.
Illicit no-tax menthol import substitutes from Mexico are another Democrat concern re impacting their spending commitments and associated higher policing costs. |
Doesnt look very pleasant at all, cant see anything to stop it falling. Are they cutting the divi ? A rumour like that could easily pull it ano 700 down in daily dribs without any resistance. Seen it b4 with others. |
boing and up she goes.. |
Waiting for bottom formation-do people still believe in this chart rubbish! |
Added three tranches for the divi sprint to 21st |
Waiting for a bottom formation is excellent advice. Things are too hot for me to be chucking more funds in here right now and support levels have failed. I want to see evidence of a solid support rather than try to time the exact bottom |
i think with a calm view on this i am waiting to see what happens with regards to buying more in tranches but not wanting to overload and have too many eggs in one basket. I bought this as an investment and holding for the mid/long term. The market always overshoots and this has already taken one hell of a beating in 1 year. |
important support levels broken... still no buy... Watch position ... wait for bottom formation. |
As a new comer to BATS could I ask, Was there a reason for not announcing the dividend amount for 2024 in July 2023, as they've done in previous years? |
Biden administration pulls back from banning menthol cigarettes
Civil rights groups fought the ban, saying it would target Black smokers |
However, the sharp drop could be a buying opportunity, according to Jefferies.
Analyst Owen Bennett said there are several reasons not to be too negative on Buy-rated British American Tobacco (BTI).
He pointed to possible upside from the U.S. business next year, with BAT still expecting approval of its tobacco PMTA in the coming months. An increased focus on disposable action could also end up being a share price catalyst. Bennett also reminded that both the vape and pouch businesses are profitable for BTI already.
During the earnings call, British American Tobacco (BTI) execs appeared to be more open to selling part of ITC stake. Bennett thinks a reduction of BTI's stake in ITC from 29% to 25% via a sale of a block of shares could bring in enough funds to spark buyback activity late in 2024 or in 2025.
Elsewhere, other analysts have defended BTI, saying the PE discount to peers for not having a higher mix of alternative tobacco products is too wide. |
put money into this share for income as i am not far off the end of my life as given by family history but cannot accept that people are going to give up tobacco just like that..
as a exsmoker of 45 years still alive and kicking i can understand the problem with the love of tabacco as it is relaxing..now totally not agreeable in society which seems to accept drugs instead which are illegal..
strange world we live in today.. |
Bats is about 7% of my portfolio with focus on dividend returns. I hope the FY results can provide a clear strategy moving forward that does not give the message cigarettes are finished. This negative spin only accelerates the share price erosion and does not take into account other counter factors, such as growing populations with extra billion people by 2050. I stay invested , but need more optimism in the business leadership |
as always when it cones to the stock market.. |
I was just studying the balance sheet on last year final results and BATS have 129 Bln intangible assets and the 25 bln impairment will be subtracted off that amount, also at this stage its unclear if the 25 bln is subtracted in one hit or done gradually over the 30 year period. Whatever the outcome even if 25 Bln is subtracted from the 129 bln of intangible assets I would assume IMO today was over done. |
W/O do affect p&l . Reducing tax burden. Win win to reduce debt burden. |
BATS may gain some browne points tomorrow |
6th Dec'23:-”Menthol cigarettes ban to be delayed – report”
A ban of menthol tobacco cigarettes is expected to be further delayed and won't likely be finalized until March 2024 at the earliest.
The Washington Post reported that while the Biden administration is slated to finalize the rule early next year, it could be further delayed as it could negatively impact Biden's re-election chances.
Data from the Centers for Disease Control and Prevention indicates 81% of Black smokers prefer menthol cigarettes.
Given Biden's current low approval rating and concerns over low turnout among Democratic voters, advisors are apparently wary of enacting a law that could anger many Black voters.
The newspaper reported that the American Civil Liberties Union and some prominent African-American community leaders oppose the ban as they believe it will lead to a menthol cigarette black market, which could lead police to disproportionately target Black smokers. |
New CEO doing a kitchen-sinking job here with the asset values of US combustible brands similar to Bomhard's kitchen sink job he did by slashing the divi by a third at IMB.Might as well get all the bad news out there before starting your tenure as CEO.Now the pressure is on here to deliver a strategy and results like he has achieved there. |
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