Remember we still have ITC Hotels Demerger. ITC India present share price hit new high below-
hxxps://www.business-standard.com/markets/news/itc-gains-2-in-weak-market-nears-record-high-rallies-19-from-june-low-124071900392_1.html
BATS presently Portfolio after ITC Hotels demerger will rise extra Capital for Buyback and debt reduction.If ITC India share price continues its up ward trend in the coming 2 to 3 years the debt of Bats will bascially be paid off if ITC India was sold.
What I understand is the Portfolio of Bats Holdings across the globe is much higher than its Market cap(with debt btw) presently nice fact.
Happy Investing |
Building a position or adding to 1 over H1-2024 should prove to be well timed, keep for a decade and own them for nothing inside that period, or double it using the DRIP in 7 years.. :o) |
Yes I see a chartist as 2881p pencilled in if all is well for Bats. I still say with the buybacks back over 3000p 2025. |
Good day today. Results next thursday. |
We know how much Bats can move remember May 22 virtually had a straight run to 3500p. I'm relaxed if it goes up ok, but compounding shares every 13 weeks soon builds up into a nice nest egg. |
Sorry 7 products.We are seeing the rotation out of tech stocks to other parts of the market but we've seen this before in anticipation of interest rate cuts.We were supposed to have seen rate cuts by now in 2024 but the wait goes on.The political election calendar is throwing a spanner in the works at the moment. |
That was nice of the FDA to approve 6 e-cig products for licence and sale |
Well that was hard work but safely through at last. |
strong finish today |
Think it was a very good move doing all those buy-backs when the shares were dirt cheap. Probably best to stop them when it gets over £27.
I will hold until £30. With interest rate cuts to come pretty much everywhere it's only a matter of time. |
Of course easily in my view buybacks until end of 2025p,then why not sell another chunk of ITC and have buybacks until 2027. |
Yeah I agree and I should have been more aggressive with my top ups recently.
Good luck all 👍🏻 |
This has easily another 20% in it by end 2025 with the buybacks continuing and Trump in the White House (Reynolds menthol ciggies safe under Trump) |
2nd 3rd 4th August dividend reinvestment kick in including mine, I bet we are paying over 2600p for shares, to me always seem we pay more than than a week or two before, or is it just me moaning, lol. |
Another knock on resistance |
Trust Jefferies to come out and state the bleedin obvious.I doubt BAT is lobbying the Democrats and helping to fund Biden's campaign. |
Weak Dollar to Pound less so. |
Trump presidency would be 'net positive' for tobacco stocks, says Jefferies
Read more at:
hxxps://thefly.com/n.php?id=3946908 |
Large stand spotted at MTV live isle of Malta last night. Very popular over here, cigarettes and vapes |
Bouncing off resistance |
2500p was resistance level, if broken and holds today, I reckon support level 2500p. |
Big resistance at this area hopefully this retest will prove to be positive |
Have a look at EPS to EV and you'll see that both IMB and BATS are valued more or less the same by the market (both at a little over 11 EPS/EV). |
Imperial near a three year high on buybacks, if that happened to Bats we would be 3500p, Bats buybacks until end of 2025 so still time boys, lol. |
Should be dividend reinvestment 2nd August, including mine in ISA, don't want the shareprice to high before then, more bang for our bucks as the yanks say. |
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