Come on BATS you can do it !! |
Totally agree again, I always said should be 3000p + before ex div.I hope i'm right.Good luck bulls. |
BAT is a highly cash generative business, and we are committed to continuing to reward shareholders with strong cash returns. We have made progress in enhancing financial flexibility, enabling the initiation of a sustainable share buy-back programme.
Guided by our refined strategy, I am confident that we will progressively improve our performance to deliver 3-5% revenue, and mid single digit adjusted profit from operations growth on an organic constant currency basis by 2026.
Basic earnings per share were also positively impacted by the reduction in the number of shares due to the 2024 share buy-back programme..
Partial monetisation of ITC stake enabled the initiation of a sustainable share BB programme, with GBP700M in 2024 and 900M in 2025..
So we already know the BB in 2025 is going to be accelerated +30% from FY24.. :o) |
Barclays raises British American Tobacco price target to 3,250 (3,100) pence - 'overweight' |
If interest rates come down a bit as inflation reduces, this could rise significantly.
Always a sort of bond proxy for income seekers.
The steady share buy back programme will have an effect on EPS.
In the long term I will own the company totally. |
One thing boys, ITC trading near its all time high. What do Bats own 25% ?Every little helps, lol. |
Coming down to fill the gap, hopefully take off again when it's filled. |
I prefer Motley Fools outlandish £66 per share and 47% growth for 2026. Thems the kinda numbers I'll need to withstand the plans this government has for the working classes. K |
Totally agree, you know my forecast for 2025 is 4200p if all the stars align. |
A little frustrating... over the past year I have moved 90% of my portfolio into high yielding shares. Except for LIO, all have gone up so much that the yields have dropped significantly. I'm still investing quite a bit each month and there's more uncertainty with Rachel Reeves plans. I'm already heavily into BATS, so any ideas on future investments? |
#Monty, if you look at the 15/20 year chart you can see a lot more potential upside, we were at 3000 back in 2011/2012..
XD 26.09.2024, see if we can crack 3000 this week for starters or if it pulls back from there..?
But with continued buybacks, a progressive quarterly dividend, and the ITC hotel sale we know about to come which should fuel the 2025/2026 buybacks, the share could have a long way to run..?, the recent reversal only looks sharp on the YTD chart.. |
Next resistance level is 3022p according to some chartists but there again never met a rich chartist, lol. |
Agreed. You cannot expect people to pay NI all their life and then not be eligible for state pension. Even those who have a private pension have factored state pension into their life planning. I can't belive they would implement it. It would cause mass protests. |
Means testing state pension would be the most ridiculous ever
No more pension contributions to private pensions and rely soly on the state for everything
essentially it would seem to be 100% tax equivalent for having a pension...
No I don't buy even the Labour party being that stupid. |
7 - Means testing state pension.
Although I think they will put off doing that until next year. |
6 is already done isn’t it? |
Further to the list of potential tax Labour taid targets, add note 4..
1 - IHT
2 - CGT
3 - Pension contributions tax relief
4 - SIPP 25% tax free lump sum allowance
5 - Mansion tax
6 - LTA ceiling reintroduced with tax trap
7 - Freezing income tax threshold allowances and trapping pay rises into a higher tax rate band.. |
The punter who sold out here at 25p to buy Nvidia that subsequently tanked 20% must be downticking everyone :) |
Continued buybacks, quarterly dividends, progressive yearly, the ITC hotel business sale pending, growth in the non combustible / vape sector, scope for MnA, we will have to wait and see..
BUT, the share price was 3500 in 2022, and 5500 in 2017.. :o) |
Motley Fool have released an article suggesting BATS could hi £66 per share by 2026 with growth of 47% on revenue, sorry don't have the link, wife was showing me on her fone. If it hits half that I'll be a very happy bunny. |
Have a feeling Monday morning will give a buying opportunity at sub 2900 but then just like we have seen recently it will push on.
Hard to create a case against a run to 3000 before the divi is locked in now as the big tech sell off continues, the US jobs market looks softer than it has for a long time and the talk of a 50 bps cut by the FED on the 18th gathers pace.
Good luck all 👍🏻 |
These are just my thoughts, Tobacco stocks do well in a recession, talk of recession coming US. So shares with high quality dividend stream especially quarterly in favour. Buybacks are a bonus, talking my own book of course and bias my target for 2025/6 is 4200p. |
I think straight through that level, in my opinion. Ex div 26th September 58.88p. |
Not a bad week at all, ready for an assault on 3000 pence next pre XD.. :o) |
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