News on the ITC hotel demerger might give the shares a boost. |
BAT non-tobacco progress a wild card in next week's update
British American Tobacco PLC (LSE:BATS), in line with its peer Imperial Brands, has been in favour in recent months as investors have focused on cash flow rather than declining volumes of cigarette sales.
Volumes are tipped to drop 5.9% in the year just ended by UBS but will be offset by higher prices to leave revenues up by 1.5% with an improving second-half trend.
Sales of non-tobacco products will be something else to note says the Swiss bank, especially how quickly they are or aren't growing.
Organic profits should see a second-half acceleration with underlying profits likely to be up 1.5% over the year and 3.6% in the second half.
The impact of the Russia disposal, however, will mean a 4% decline in statutory earnings per share to 360.5p.
Shares currently are 2,964p and close to their year high.
proactiveinvestors.co.uk |
The start of the run up into results, or the Santa rally or a bit of both.. :o)
Looking forward to the 11th, and the impact of NGP on growth / stick decline, see if that will get us up and over 3000 pence.. |
Agree that the Indian tax threat gives a valid reason for some to take profit especially with the share price bouncing around the 3000 level too.
I suspect though once they are flushed out it will push on and hold 3000 before we reach December 19th.
Good luck all 👍🏻 |
Sounds good, I think the threat of Indian tobacco tax, will dampen sentiment, until it becomes clearer. |
British American Tobacco: New Glo Hilo Looks Like A Winner |
When you see a double top you sell a double top about time planning to re enter |
Market report....
British American Tobacco (BATS) retreated 1.4% £29.57 and its peer Imperial Brands (IMB) softened 0.8% to £25.56 on reports that India will hike taxes on cigarettes and tobacco
Citywire.co.uk |
A right little battle of attrition going on for 3000 +Only a matter of time. |
Thanks scooo |
BAT Financial calendar :-
Wednesday 11th Dec 2024 2024 Full Year Pre-Close Trading Update |
Nvdia is such a buzz share everyone’s talking about it from personal experience at this point that smart money has been made and the postmen and others are left piling in |
annnnd back down again WHY?? |
Up we go over the 3000. Onwards and upwards! |
I've been considering nvdia as a buy but it may have peaked for the time being. So sitting on my hands |
I hold NVDA and am adding there too on this dip for the longer term but will keep my holding here for the lovely divi and expected share price growth too.
Good luck all 👍🏻 |
Quite a change in direction Monty. |
Sold half switched into Nvidia at $135.4 not for income but growth it will double in my view. |
Thanks tornado12 i've been looking daily for the date! |
I see the FY pre-close trading update is now confirmed on 11th December .. one for the diaries GLA |
Only on trades of £10k or more. |
PTM levy on trades going up from £1 to £1.50 on 2 Dec. |
Resistance at £30 from Sept. |
That's interesting - was looking at WBA yesterday. share price has been hammered over last few years |
Bit of a dip this morning…has Monty sold out :) |
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