Downing Street reportedly dropping outdoor smoking ban proposal |
https://amp.theguardian.com/society/2024/oct/24/disposable-vapes-ban-england-next-june-labour |
I hope that does not happen, but got feeling it might. |
Assuming they don’t die inbetween, which many will. |
Topaz, that scenario assumes the tories would reverse the tax increase. Given their tax increases over the last few years I am not sure that that is a likely scenario. |
The other scenario is that people hold their shares until the next Tory government ... so less selling to line Rachel Thieves' pockets after the CGT increase kicks in? |
A budget for growth............ lets start by making the UK relative to other countries , uninvestable. |
Not long now - but Osborne did increase CGT overnight in his emergency budget 2010 |
#Panshanger1, duty rises on fuel/tobacco/alcohol are usually overnight, but giving investors 5 months to plan around the budget with any CGT rises and crystalise gains inside this FY will still yield unscheduled tax revenues, but at an expected lower rate, soon be 30th and we will find out.. |
I hope not, surely not straight away. |
Think any change to CGT will be effective straight away Surely crystallising any gains to avoid possible increases should come before budget next week |
Budget of course next week, i'm worried what Reeves going to do on capital gains, could cause a sell off in stocks, taking profit this tax year. |
#Fenners66, exactly my take too, as we accelerate NGP profits from that sector these are not exposed to the settlement costs..Initial 100 pence drop on the ITCAN liability news should quickly recover now we know the structure of costs, but not our % (yet) but assume 1/3rd, and how they will be paid for..Expecting a bounce here today and going forward based on the read across from PM yesterday and their +10.5%..Possibly the next run to 3000 pence.. :o) |
Cash on hand after holding some back for working capital and then paying "annual payments based on a percentage of the Companies net income after taxes (excluding that generated by certain non-combustible products including heat-not-burn, e-vapor and nicotine pouch products) until the aggregate settlement amount is paid"
May take generations if at all to pay it off - especially as its suggested nextgen products are not included - so speed up the transition to them and pay nothing... |
Thanks Laurence LB i picked up on that after you posted as i only had a brief look at PM statement earlier.As you say it didn't exactly impact PM share price performance today! It's just as an investor here you get these legacy issues cropping up (we had the Nigerian competition commission fining BAT $110m late last year).I suppose they are small fry fines mostly in the great scheme of things, and the liabilities can be paid over many years to lessen the impact on results, but these revelations make one nervous as to what else is potentially hiding in the weeds.There's enough anti-smoking and health related objections to big tobacco globally by governments, that any more negative publicity than is necessary, needs to be avoided. |
I can't believe new customers to these NGPs, that big tobacco are concentrating on now as a growth sector, are only confined to PM's IQOS and Zyn.Okay PM has been around longer in the smoke-free category and their first to market advantage is there, but surely BAT's Vuse and Velo must be impacting their markets similarly with increased sales? Another bonus was PM's combustibles volumes held up quite well which is encouraging regarding the timescale transitioning over from sticks to smoke-free.The longer the time stick volume sales holds up, to buy time for NGPs to gain traction, the better. |
Up 10.5% wow, seen as a growth company, not a stagnant high yield company, report said.Tobacco stocks, seen as growth now, that's a novelty. |
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