Marshal Wace, short since 31.07.2024 and going the wrong way for them, looks very expensive to cover that one at 0.6% from 2750 pence..
The buyback is ongoing to 14.10.2024 (for this round) then another GBP900M in 2025.. |
I see a hedgie short 0.6% of bats, according to shortracker good luck to them especially with ex div looming. |
It will pull back 58 pence at the open for sure on 26th, but with the buybacks taking place and demand pull it may well recover most of it inside the day, we will need to wait and see.. :o)
The candle printed 25.07.2024 was a cracker on the announcement of the BB, but nothing goes up in straight lines, pull backs are normal events, 3000 pence will arrive and fall before or after the next XD.. |
In theory they normally drop the dividend amount or even more.But this time I don't think so, Bats are so strong and look good value. The massive pivotal and psychological level of 3000p, big resistance especially from bears, don't know if you remember 2022 this happened, then went straight through 3000p no problem.Never know, history may repeat itself, unless black swan event for the whole market.Buybacks will help. Just my thoughts. |
What do we reckon the drop will be when we go ex dividend? Not that it'll stay down long. |
Bears who have been well and truly stuffed, must be thinking don't pass 3000p, I would imagine stop losses would kick in and power BATs right through 3000p, especially with ex div day looming.I hope i'm right. |
If the Pound pulls back then 3200 is the next target this year |
Primed and ready, will it pop through the 3000 milestone this afternoon..? or before XD 26th September..
Goldman Sachs International to purchase ordinary shares of the company commencing on 25 July and ending on 14 October 2024.. |
2.30pm interesting will the yanks, come in. |
momentum here is lovely. Very happy supermarky. |
Yeah it's looking nailed on that it will have a stab at 3000 very soon.
Wouldn't bet on a break and hold though at the first time of asking but stranger things have happened.
Good luck all 👍🏻 |
BATS 3000 this week, or maybe even today after US open.. :o) |
Nothing goes up in a straight line of course, but nice to know when there's a pullback, Bats brokers are in there buying. |
You said they said 6600p 2026, I remember the one I read in Nov 2023, fair price on a discounted cash flow model 7456p.Now either these in a few years time I think would do us, lol. |
Gap filled rocket launched. |
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. |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
