I am 100% convinced that BATS will relocate to the US before we know it with Trump now in power. With corporate tax to be slashed to 15% and a bonfire of regulations, any large company would be thinking this, BATS already is big in the US so it makes absolute sense. The UK is no place to be.
If this happens, then we are looking at an share price that is at least 50% higher. |
Yes you are right, but still a lot of money to give up. I think one of the reasons other tobacco stocks have outperformed Bats. |
That's my understanding, too. |
#Monty, it will not help much for sure, but fines/costs are to come from ITCAN and out of profits from future sales, so the way I read it is the BAT parent company is ring fenced from the fallout and costs..? |
I think you may be right, monty. Make sense. |
Looking through news, for me this overhanging, might be keeping price subdued.https://www.claimsjournal.com/news/national/2024/10/21/326939.htm |
Don't forget couple of days ago roughly 2650p, so not too bad. |
Yeah I agree. While frustrating to see price action like we had yesterday it is normal.
What we now want is a slow tick up and a break and hold of 2800. That gives a nice bit of short to mid term momentum and could help bring the buyers in for a push on to 2900 / 3000. That divi too that's not all that long away will also play a part in supporting that I feel.
Good luck all 👍🏻 |
Bound to be profit taking by traders. |
Very frustrating day today. £1 up and then nearly a case of us going into negative territory. If we don't go beyond £0 in next 4 weeks after todays results, then we have issues! |
Obvious retrace/gap-fill |
UK and EU money coming off the table when the US opens and a shift to the other side of the pond by the looks of things.
Good luck all 👍🏻 |
To be fair she has a better camels toe than the Don.By the by, wonder has anyone woken Joey up yet. |
Blimey that's a hell of a retrace we climbed and dropped by near enough 100p in a few hours |
Dow up 3% wow |
If that gap-up is right, then the share price might yet retrace. |
Tufty
He might end the war in Ukraine, but war is coming with Iran. |
Good news for this stock though. (Politics is clearly extremely divisive and vicious) |
I thought this thread was about a tobacco company,not a confirmed deadbeat who stiffs most/all his creditors,a serial failure businessmen that no reputable bank will touch but ,obviously,I was wrong. |
The tobacco bull market is back! |
Trump Trump Trump! |
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