i wish i was able to purchase 300,000 shares just like bat did yesterday.....and at these bombed out prices. Patience and we will come good |
Good news. |
 Fitch Upgrades British American Tobacco to 'BBB+'; Outlook Stable
Tue 26 Mar, 2024 - 11:22 ET
Fitch Ratings - London - 26 Mar 2024: Fitch Ratings has upgraded British American Tobacco plc's (BAT) Long-Term Issuer Default Rating (IDR) and senior unsecured ratings to 'BBB+' from 'BBB', and perpetual subordinated notes rating to 'BBB-' from 'BB+'. The Outlook on the IDR is Stable. We have also affirmed the short-term rating at 'F2'.
The upgrades reflect BAT's improved leverage metrics, and our expectation of further deleveraging supported by the recent tightening of BAT's leverage target corridor, as well as improved profitability and strong free cash flow (FCF) generation.
The ratings remain underpinned by BAT's strong business risk profile as one of the largest global tobacco companies in a fairly consolidated sector, with wide regional and brand diversification. BAT's credit profile is also supported by a broad next-generation products (NGP) portfolio, which achieved profitability in 2023 ahead of our expectation, and by exposure to a wide range of mature, cash-generating and emerging markets offering good growth potential.
www.fitchratings.com/research/corporate-finance/fitch-upgrades-british-american-tobacco-to-bbb-outlook-stable-26-03-2024 |
Fitch upgrade issued |
Not just the bull traders monty. BATS themselves will be causing the share price to rise (they hope) with their BB using our money. They could have at least waited a couple of weeks. |
Problem is bull traders know that when the new financial years starts U.K. there are buyers for high yielding stock especially now BOE England rates will fall possibly June.They will catch the new ISA boys and other products including me. We will be paying over 2400p I reckon. |
I hope this stays down for a bit longer personally. |
#MCunliffe1, I have been a buyer since before Xmas, building a position taking advantage of the weak share price since the asset value write down update, like most invested here for the dividend income and then keep them for a decade or more, I expected the BB and will keep adding over 2024 or until I hit my target holding, the ISA allowance coming on 06.04.2024 might accelerate the process, sooner or later I also expect some MnA with IMB and am positioning for that event should it happen with IMB already covered off during 2020/2021.. :o)
235 pence income this year for starters, 10 year breakeven on capital invested but compound DRIP will see that in 7 years, and the BB will be ongoing up to FY2025, BATS will still own 25% of ITC too.. |
I do an annual 10% increase in my total holding every year from my divi income. So will be adding here & IMB in MAY when the heavy divis arrives in my ISA account. Agree, these are cheap for long term income with your capital repaid in 7 years. The improving inflation and interest rate reduction should help UK PLC catch up on share price to ROW.. GLA |
LLB: If YOU hope to jump in at the start of the new ISA year why didn't management at BATS hold off on the share BB until April 6th?
Heck, if enough of you buy just after 6th April your purchases may have a lifting effect (on the SP) greater than that we've seen already given the amount of our money they have spent. |
Agree 100% here. |
If the share price drifts through to April 06th, even better, only a few more trading days to go.. :o) |
Get em in early while it's cheap. |
While there are ~250 trading days per year the reality is there are some very quiet weeks over Christmas, Easter, Summer etc where liquidity doesn't allow an even pace... as a result I would argue they are broadly on track... That said there is a valid argument for front loading it to some extent given the forecast/guided earnings growth and current depressed valuation... |
The programme will buy back GBP1.60BN of BAT ordinary shares starting with 700M in
2024 and with the remaining 900M in 2025.
The Programme will commence on 18 March 2024 and will end no later than 31.12.2025
200 working days in 2024 from 18.03.2024, so 3.5MN average spend a day for this year, and pretty much the same for 2025 FY too with 254 days in it.. |
Spending close to 7 million every day on buybacks. They going to blow through the 1.5 billion well before 2025 at this rate. |
They're keeping it down well for the buybacks I have to say. |
Looks like buybacks are 280,000 to 300,000 a day, underpins shareprice nicely. |
Policing a limited number of licensed outlets is easier, cheaper and more effective than trying to control a myriad of free-for-all outlets that are too often too happy to sail too close to the wind, accepting illegal supplies and selling to underage youth.
Abolitionists should not let their distaste for BAT lead them to fight against a licensing proposal which actually brings about a healthier regulatory framework. |
Banning disposable vapes will not be "effective", the boss of the UK's largest tobacco firm has told the BBC.
Tadeu Marroco, chief executive of British American Tobacco (BAT), also said raising the smoking age would have "non-intended consequences". |
Just purchased my first tranche this morning. Had my eyes on this baby for a long time. I was teased constantly by the 10% yield but I somehow kept my composure but she finally seduced me once the buybacks started. Looking forward to a nice 2.5% divi every 13 weeks
Hope the price stays low enough for the new tax year so I can make further purchases. |
My thoughts exactly. Patience is key, and collecting the bumper regular divis! |
They are buying back until end of 2025 if I read it right. Then I suppose they could sell another tranche of ITC and more buybacks or special dividend, whatever they do I think it's looking good for us. Collect the dividend on the way every 13 weeks. |
i see they bought 300,000 shares back on Friday |
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