Even allowing for the write down of assets in the cigarette brands market by BAT you do have to believe there's some more mileage in the share price here.BAT up 18% in 6 months whereas Altria up 29% and PM up 35% in the US.Okay a weakening dollar helps US earnings from overseas operations so will help MO and PM, and a strengthening GBP has the opposite effect for BAT as it derives a lot of income from the US, but currency fluctuations shouldn't massively impact share price performance.Consensus forecast is maintained for full year results here so let's hope for £28+ in the build up to the next dividend date. |
I think a test of 2900 before 26.09 seems very possible.
Any wobble that gets this down to circa 2700 will see me add further as it's clear the broadening out into high yielders is gathering pace.
Good luck all 👍🏻 |
BATS next XD 26.09.2024, see how far the share price run up into it.. :o) |
I think they go ex div about 4 weeks time. |
Back in first thing this morning took the bounce in bt.a over last week for a few k back for Divi and 30 fingers crossed |
#Monty, IMB were over 4000 back in 2016 so a long way to go there, but as a holder it would be great to see a return to any where near those levels, BATS peaked at 5500 in the same year.. :o) |
Yes PM all time high Imperial not far off, Bats missed the party, lol. |
With PM at all time share price highs it would be interesting to know what the share price here would be with a primary listing in New York and a more liquid market.Like PM,BAT has a global reach and is growing its NGPs.Okay BAT's debt is greater in relative terms but it isn't as if PM is debt free...it isn't.Purely hypothetical question i know unless management really consider a headquarters in the US. |
They quote 3900 as fair value so let's hope we can at least get to 3000 and something before too much longer.
Happy to add at circa 2700 though should it want to go there first and pick up the lovely regular dividends.
Good luck all 👍🏻 |
Nice article boys, The undervalued dividend aristocrat, but we knew that anyway, lol.https://www.morningstar.co.uk/uk/news/253268/dividend-watch-the-undervalued-dividend-aristocrat.aspx |
I think once we get one more interest rate cut, then investors will look at shares yielding more than 8%.A couple out there of course, but Bats with quarterly payments in an isa will surely look attractive. |
There again I suppose low volume, but with buybacks may push price up.Who knows anybody's guess. |
Very possible monty with the UK holiday and Labor day in the US not that far away now.
Expectation though is for the FED to start cutting next month and I am sure we too will get another cut before the end of 24. That has to be good for high yielders and I am sure north of 2800 will come back around in the autumn and a challenge of 2900 too maybe in the Santa rally.
Good luck all 👍🏻 |
Might go lower first summer markets can be unpredictable, fund managers on holiday, low volume. |
I think that's a good price target and have it down for my next top up.
Could see a test of 2900 happen in the run to the next divi in my opinion.
Good luck all 👍🏻 |
Looking at getting in around 2700 for Divi Russian situation looks dodgy |
What would you sell the other half for? I'm in two minds, we been in for the rise from around 2350p, 2807p top sliced a few. In Nvidia for next week figures, but looking at Phoenix, may have missed the boat there though. |
Not at all surprised to see a little pullback from 2800p, it will take a few runs at it and over it to stick, then 26.09.2024 for the next XD for 58.88 pence.. :o) |
I sold half my shares for a good profit at 2811, keeping the rest for now. I wanted to diversify away from tobacco for dividends so am buying BRWM as part of that change of tack. |
No harm, seven days of gains, bound to be profit taking, I top sliced a few locked in nice profit, especially with 58.8p on top.Only level got to look for in my opinion for next week 2753p, don't won't that broken. Nvidia 28th August figures big day for me. Good weekend bulls and even pesky bears, lol. |
Looks like to me a rotation back into tech, leaving dividend companies. |
I am sure you will get there, especially now I have sold my final tranches here. Was planning on keeping those for a higher target price, but wanted the cash for something else. It has nonetheless been a splendid position for me. And a rare case of decent cap gains plus some lovely dividends along the way. Always nice when those pain purchases (mid 22's and early 23's) turn out well. No doubt I have left plenty more in the tank for others. GLA and I hope you see 30-plus down the line. |
Looking good my £29 average is getting closer hopefully by the end of August |
imb at about a 3 year high. bats has some catching up to do. That is what I am waiting for. Lovely jubbly |
Another close over 2800..
Lower inflation figures in the US today, a rate cut is getting closer, yield hunters will be buying dividends as returns on cash deposits reduce.. :o) |
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