Mcunliffe1. Three cheers to you for having the only survivor of the Pearl Harbour only veteran Hip Hip Hip Hooray . Hope BATS can have such long life 👍🏻 |
Is a rating downgrade likely when they own 29% of ITC? |
With all the gossip, guesswork and desperate hopes being posted on here I thought I would inject a true fact:
Today is Pearl Harbour day.
I was at Pearl Harbour in early May this year and it was announced that one of the two remaining survivors of the Arizona, Ken Potts had died a few days earlier. Lou Conter is the only remaining survivor and at age 101 I suspect he was not a lifelong smoker. |
Easy after the event but buying out the majority stake in Reynolds was arguably an extraordinary misjudgedment.
BATS had net debt below £15 bn in 2015.
There's also another factor some may be overlooking and that is the cost of funding their debt if rating agencies now downgrade BATS. |
Bounce usually comes on day 3, catalyst here (shorter term) now is recovery with exdivi date being 21st December with yeild just below 10%, price just above ATL, gap to fill at 2539,RSI at 22.15 first exponential moving average (8ema) 8.10% upwards. Would be nice to see that gap filled before exdivi. |
Careful can you please explain the link between Hunts Capital expenditure offset and writing down assets. Hunt is encouraging businesses to invest in equipment and machinery which they can offset against corp tax. That makes sense.
I don't understand why writing down assets is the same. |
No sign of a dead cat bounce yet. |
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 |
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