Never go through, hospitably sector would face more closures, even Farage said he would not go to the pub again, lol |
Fortunately the domestic market is a small % of the global business, but IF this proposal goes forward, I cannot see enough votes getting behind it, nanny state, there will be plenty of rebels, worth also noting that NZ have overturned their smoking ban last year, they need the tax receipts.. |
But then in comes Starmer with his announcement today on a possible public smoking ban. Eek |
looking tentatively as if it's taking another leap upwards |
Jeffries has a price target 3500p, that's where we were a couple of years ago. I think 3000p will be of course the next big resistance level.In the meantime while we wait collecting 58.88p every 13 weeks. |
Plus I can see a cup n handle forming |
On top of a weekly bull flag plus if you draw a line on the downward side it's breaking out slightly |
Should push on towards 2855p, now 2800p resistance broken. Tech gone quiet, rotation into high yielders with good cash flow perhaps. |
2808 UT at the close, a FED rate decision 18th September with a 1st cut widely expected now and getting priced in with the weaker USD, just 4 weeks to our next XD on 26.09.2024, 2800 could lead to 2900 and hopefully onto 3000 for year end.. :o) |
Yeah selling off big tech ahead of Nvidia earnings tonight and a run to safer havens maybe??
I hold Nvidia and expect good figures from Jensen later but am not surprised really by the sell off ahead of the results. Seen it happen before then it just keeps climbing.
Great for BATS though at a close above 2800 now let's hold it tomorrow.
Good luck all 👍🏻 |
Yanks buying after 2.30pm it seems to me. |
I've a property sale going through at about this time , I ended up buying them at the days low instead , luckily , well , low so far anyway lol |
Why do you have to buy them at 12 Boatman123?
Good luck all 👍🏻 |
That's the way share price , keep on dropping , I've another 905 shares to buy mid day today |
Bats went higher when US opened yesterday are they rotating out of tech into high yielding shares.The big one tonight after hours is Nvidia, I think that could be up 10% or down 10% tomorrow, that will set the tone for Thursday shares. The analyst has such a high bar for Nvidia figures. |
It is notable that NZ overturned their smoking ban, the Gov was not able to function without the tax revenues, they also recently overturned the ban on OnG exploration as they have now realised they cannot function as a country without it, or the taxes levied on it.. I see that logic gathering momentum.. |
Unless they are going to need the tobacco tax income to fund light communism. |
I have a high weighting in this share,it's the biggest investment shareholding i have by a long way,but i'm nervous now going into November's US election.I intend to halve my holding sometime after the next ex-div date and before 5th November just in case Harris wins.If Trump wins i intend buying straight back in on 6th November as i don't see him as a threat when it comes to regulation of big tobacco as he was benign in his first term.However if Harris and the Democrats win then i can see them giving the FDA the green light to go for more tobacco legislation,banning menthol and seriously restricting vapes. A little paranoid maybe, but i'm not prepared to risk it.The stamp duty on repurchasing will be high but the cost outweighs the potential risk of staying in for four years of a Harris presidency.Harris will be no friend to big tobacco imho. |
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) |
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