All time high for PM, investors just use to see high dividend share in a stagnant market, now regarded as a growth company, report said.Sounds a bit like Bats, surely we start going back to 3000p. |
Providing direction in New York, third quarter results spurred Philip Morris, up 7.9% and General Motors, up 9.3% while Verizon dropped 4.2%.
Philip Morris, the Stamford, Connecticut-based tobacco company, reported operating income of $3.65 billion, up from $3.37 billion a year prior.
Looking ahead, the Marlboro owner raised its annual guidance for diluted EPS to between $6.20 and $6.26, and adjusted diluted EPS to $6.45 to $6.51.
‘In the third quarter, we delivered exceptionally strong performance, with record quarterly net revenues and earnings per share,’ said Chief Executive Officer Jacek Olczak.
In London, BAT perked up 1.4% in a read across from the results, although Imperial Brands remained in the red, down 0.6%. |
25.07.2024 - revenue from smokeless products now 17.9% of Group revenue, up 1.4 ppts vs FY2023..
Our new categories performance is expected to be weighted to the second half of 2024, driven by the phasing of innovation launches.
#Gecko, BATS mission plan target of 50%+ smokeless revenues by 2035 looks well thought out using PM as the benchmark, their results going down very well indeed at +8% today.. |
PM hitting record high, Bats we got some catching up to do.https://breakingthenews.net/Article/Philip-Morris-climbs-8-hitting-record-high-stock-price/62912986 |
You sold around 2900p bought back 2650p not too bad, plus dividends can't complain.Sit back enjoy 8.9% yield. Bats will find a level, its oversold. |
PM has a monopoly just about on heated tobacco that's why it's valued at a much higher PE
BATS has glo but it's not in the same league commercially, it's not even available in the UK FFS, which is absurd |
Added BATS too!
I waited enough having sold near the top so why not lol |
PM up 7% odd on the back of their Smoke Free offerings...ZYN doing awfully well.
BATs smoke free represent a far smaller percentage of biz than at PM...
Tobacco definitely cheapish (Altria, BAT) more so than PM whose P/E is far higher than the previous two. |
Market can change in a second.Phillip Morris shocked me, up 8.6% on good news. Bodes well for Bats, algorithm's should kick in on Bats.But dividend reinvestment kicks in shortly, don't want Bats too high. |
and here was you all nervy and wanting to dump bats and jump to imb. |
Bought back BTI in my SIPP USD account
I don't think it's bottomed yet but with PM results and market acting defensive again, it's looking cheap again |
PM leading the way today.., no reason why BATS/IMB will not follow the lead.. :o)See if we can recover the ITCAN legal resolution dip last week for starters, then onto the next dividend payday and sooner or later another run at 3000 pence.. |
PM figures shows Bats are ridiculously good value. 8.9% yield and buybacks. |
And guess what your charts were telling you to sell!If charts were so successful please tell me anyone how 90 percent of fund managers underperform the market! |
PM up 7.4% wow, come on Bats catch up, lol |
PM superb figures, bodes well for Bats, make Bats look very much oversold. |
is that bats in the blue? |
Yes 8.9% yield ex dividend not long away, plus payday couple of weeks, with dividend reinvestment kicks in, we don't need the price to high on that day, lol |
oh lovely....you can stick imb ;-] |
Big bounce coming boys. |
Nice boost, should take Bats up on sentiment. |
PM opened 6% higher in the US on their results. |
To me raising vaping tax, easy target.https://amp.theguardian.com/society/2024/oct/18/rachel-reeves-considers-raising-tax-on-vapes-in-autumn-budget |
Very possibly. |
So have we Bats up from 2325p plus dividends, see what Reeves does to capital gains tax, could be a market sell off, investors taking profits in this tax year.All will become clearer next week. |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
