BTI has risen in the last hour so could be above 2400p tomorrow. My guess it will end the day at 2350 |
Doubtful it will drop by the dividend amount thats a given but we will know for sure in a few hours |
Drop under £23 tomorrow. Without the buybacks, this plunges like a stone. |
My guess is a drop of 63p tomorrow followed by a steady retrace back up to 2450. |
The algorithms give us a chance to pick up cheap stock, dividend in the bag it will be interesting to see if it's 58.8p drop tomorrow, or less or more.Hope you have in the isa tax free, lol |
Added a few on this dip |
Title on Sky News
Vaping causes similar DNA damage to smoking - as study links e-cigarettes to cancer risk.
Report from Doctor in Article-
Dr Ian Walker, Cancer Research UK's executive director of policy, said: "This study contributes to our understanding of e-cigarettes, but it does not show that e-cigarettes cause cancer.
"Decades of research has proven the link between smoking and cancer, and studies have so far shown that e-cigarettes are far less harmful than smoking and can help people quit," he said.
It further says it requires further study.
News Outlets can be sued only way for them to report correctly it seems |
Dropping on the Vape Cancer news I guess (but I'm sure you all knew that).
spud |
But, as the share price drops think how many more shares the BB will obtain. Worked great at abrdn (not).
Crazy Market. |
Looks like algorithms are selling, the computers scan for words anything negative or positive, they must of found something negative of course.Still for us 58.8p ex div in the bag tomorrow. Will we fall 58.8p tomorrow going to be interesting.One thing about computer trading, no emotions, greed, fear, Fomo etc.Perhaps that's why some hedgies like them. |
I agree and took a few more today at sub 2400.
Good luck all 👍🏻 |
Interest rates will come down faster than people think, this will then soar when coupled with the buybacks as the yield becomes even more attractive .. |
Missed this update from Jeffries the other day, 3200p target not too bad.https://m.investing.com/news/stock-market-news/british-american-tobacco-maintains-buy-rating-gbp3200-target-93CH-3332918 |
I been calling for buybacks for ages, increases eps and should increase our dividend over time and cancelling shares straight away. |
BATS should save a good amount of money from buying back shares and cancelling before ex div date this Thursday.
The great thing is shorts getting squeezed..... |
I don't know the mechanics of it, but they have started buying and cancelling shares straight way, seems good less shares in circulation I would have thought. |
 It only applies if the share price remains low in the coming months if it spikes toward the impairment announcement the case falls apart. The Investor has a mind of when to buy and sell.
Their position falls short on this principle
If a company announces they have a profit warning or falls short of Guidance the share price reflects that news. The Investor sells that position on that news.
It illustrates the US law firms blaming a decision announced on impairment to which BATS reflected over 30 years on their acquisition in 2017 which many analysts agree with.
The class action can be back over 6 years to 2017 but action needs to be proven on false information on the category mentioned by the US firm to which the Investors made their loss. The dividend they may have got plus the share price at the time of the court case showing their capital loss. The period had a lot of bumps in the road where the share price was affected, by Covid, Inflation, law change, and social habits which Bats had no control over.
A scenario -
Just think they are in court saying Investors lost $100,000 on their Investment when they sold. On the proceedings, BATS Lawyer steps up and asks when they sold(ask if they bought back in on a lower price ) and then points out the share price is 10% or more today when they bought, does an open palm expression, and shrugs his/her shoulders at the judge then sits down.
As an Investor, you expect good and bad news. If some people think otherwise well they not thinking straight
To be honest it would be interesting if common sense does exist.
Happy Investing |
What's the feeling regarding the litigation over taking the impairment charge?
The Sue, Grabbit & Runnes over in the States seem to be getting all excited! |
ITC Hotel demerger 2024 - 6 months or fewer to go
In an effort to unlock value and focus on core competencies, ITC Ltd. decided to demerge its hotel business into a separate entity. The board of ITC Ltd. granted in-principle approval for the demerger under a scheme of arrangement.[12] Sanjiv Puri, the CMD of ITC, elaborated that the move is part of a broader strategy for capital raising and debt expansion.[13]
The spin off was confirmed last August 2023 and a 15 month period given. British American Tobacco will hold 17% of the business to which they intend to sell.
Depending on the IPO price and how it performs BAT could rise 1 to 3 Billion from the procedes.
According to the filing, the indicative timeline for listing ITC Hotels is nearly 15 months i.e. probably in November 2024. It is worth mentioning that the scheme of the demerger is subject to necessary approval from shareholders, creditors, stock exchanges, Sebi, NCLT and others
Happy Investing |
£30 is coming faster than many imagine |
Predictive text messed up my post.Still I'm sure you can work out what I said, lol. |
What I like it's a two buyback program, then I'm guessing after two years sell another stake in ITC, we could be buying back for years to come or a special dividend of course. |
It says this on my A J Bell login:
Due to the clocks changing, until 31 March the US markets will be opening at 1.30pm and closing at 8pm GMT, instead of the usual 2:30pm and 9pm. |
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Hot Features
Premium
