BATS H1 trading update 4th JUNE.. one for the diary .. |
I will wait as in June you may see price around 2325p |
I do not have ac where I can short any shares. It is good thing to have , I mean flexibility to long or short. |
I go short from time to time on certain shares, but my golden rule, I don't short shares will a high dividend or that are having buybacks. Good luck bears on this one. |
I’m adding before XD over next few weeks as dividends arrive. Below £24 is a good top up opportunity for the near 10% divi. |
xd 27th june |
Thinking of adding another few before the next xd. Not too many more though as am already overweight here. |
amazing how everyone on here sells out at the top |
I sold out at 2490 and have started to buy back in at 2360. Hoping for a drop to 2300 prior to ex-divi date in June that will hopefully see a rise back to 25 or close. |
I'd prefer debt reduction first, special div second. No buy-back increase beyond that stated. |
#Hope1815, thanks for sharing, so following the de-merger (when it happens), according to other sources BATS would divest their holding in ITC hotels as it does not align with their core business, which in turn would fund a good chunk of debt pay down, further buybacks and/or a special..?
All of which is fine by this shareholder.. :o) |
According to a demerger document sent to shareholders, BAT has voted in favor of the demerger. BAT will directly own 15.32% of ITC Hotels (Previously was 17% but BATS sold some of their Holdings hence the new figure) as foreign direct investment, making it the largest public shareholder after ITC's promoter holding of 39.93%.
6 June 2024 ITC Will debate it but it is a foregone conclusion. On the Merchant Bank appointment that will be announced within Q3 2024.
Happy Investing |
Back in the 5 month trading range again |
I want price to recover to 3000p and reduce debt or buy back to achieve that price. |
Wow if true special dividend we hope. |
Hi,
@hope 1815, that sounds potentially good news. Can you provide a link to this info as can't locate anything please?
Many thanks, 🙂 |
Bases on this news expecting 2500p sooner again. |
It will great cash release from ITC Hotel listing to reduce debt or buy back shares. |
It great when you trade in and out and buy back a tad cheaper problem is when it suddenly goes the opposite way people buy in at a higher price with all commissions isn't worth it loads of young folk vaping here... |
ITC is all set for demerger. The company has announced that it will demerge its hotels business -- ITC Hotels. ITC demerger date for shareholders' meeting and ITC demerger ratio have been announced by the company.
Bats Post listing is expected to appoint a Merchant Banker to facilitate the sale of the stake. The money raised will be used towards the Debt and buy backs towards 2026/27.
Happy Investing |
Sold out profitable position at2487. Got in at lower level twice to average down. Expecting rebound to 2500p b4 exd. If not will hold on to recent entries till it gets profitable.... |
whats going on here??/ kind of wished id sold at 2488....but hey ho there is the divvi |
Not worried just compounding divis in my 5 year plan |
Don't worry about up 15p down 15p next ex div 27th June, another 58.88p in the tax free isa bag. |
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