#LLB Forgot to say, Good entry point to get into BAT, My advice if possible just keep re investing the dividend.
The power of compound interest is amazing!
Especially with Bat renowned for keeping the dividend hign. |
A couple of classic small investor misguided beliefs here.
1. 3,000 or any round number is irrelevant, so that going above this means nothing and is no more significant than 2,999 or 3,001. It just sounds nice to some people but the big investors who make the market do not care at all about round number prices.
2. Buybacks do not support the share price. They may have other benefits to investors but supporting the price is not one of them. |
#LLB Yes I agree, with the buy backs it will underpin the share price for the next few years.
Bat management are well aware they need growth in their NGP, The market wants to see growth to counter the decline in the stick market, then I feel it will be reflected in the share price.
The changes being implemented at Southampton are meant to excelerate all this. Time will tell 🤞 |
#Tri Harder, good luck with the RKH position, they have come a long way since I was in there in 2008, we know what happened next back then.. :o)
I have waited for years to build my BATS position having held IMB for many years, the opportunity came recently in H1-2024 after the US asset value right down, the highs of over 5000 pence in 2016/2017 are very interesting to look back on, now with many buybacks reducing the share capital, we will see how far it gets back towards those highs with the new NGP revenue drivers.. |
#LLB, Yes we keep trying to break thru 3000, it will happen, you probably find when it does it push on alot further, we are to cheap compared to other tobacco companies in my opinion.
Wish I had a sold a few when they touched 5000 a few years ago, my finger hovered over the sell button..lol
Don't live far from Salisbury and went along to Rockhoppers agm a few years ago, Nine people turned up, so had plenty of time to grill the CEO Sam Moody, from there after alot of research slowly built up a sizable holding, it's my only aim risky share, own BP and some Harbour Energy also, mainly for the dividend.But got a feeling the Rock will come good 🤞 |
#Tri Harder, free shares and some at -20%, fill your boots, I can see why you might be top heavy BATS.. :o), well done..
OT, but 15 years ago I was into some OnG plays down near the Falklands RKH, FOGL, BOR, did alright but elected to stick to producers than explorers, many things can go wrong IF they drill a duster so maybe top slice your winner and roll with the free carry to mitigate the risk..
Looks like 3000 pence here will have to wait a while longer, the US jobs date was robust today, meaning interest rates could stay higher for longer.. |
@ LLB, Yes they have a employee share scheme, 20% below market price taken out for three or five years, also they get several thousand pounds a year in free shares.
Some in issa account, but to be honest I've been putting my Rockhoper exploration shares into my issa the last several years, (price increase will definitely be higher in % terms..up 300% in the last six months.)
It's a aim stock, but got lots going for it, do some research, if Navitas get the funding together this will end up multiples of today's price! Yea we just keep compounding the BAT dividend, Overweight really, but difficult to find a safe secure dividend. |
>>LLB - could there be some benefit in asking advfn about the bot idea? After all, it's pointless to tick everything as it distorts real opinion. I've forgotten the address for complaints, but it might be worth a try as it is now commonplace on many threads.
pete
EDIT: Just been on LGEN and LIO - same thing happening there. |
#Tri Harder, good stuff, do they have an employee share scheme she can qualify for where you can buy at a discount..? and/or stuff them in the ISA and just let the compound build them for you.. :o) |
#Laurence Llewellyn Binliner, Yes definitely, I have a feeling today's the day BAT cracks 3000, if not then I won't be long, it's a £30+ share all-day long.
Wife works at BAT Southampton R@D, certainly lots going on to get their new generation products to market, hence the plans for a centre of excellence build/refurb this year. |
#Tri Harder, we suspect it is a bot, some sad individual has found the time and wasted it to do some programming, what a clown..
BATS, another run at 3000 pence today..? |
Out of curiosity, Who's the clown who ticks every post down? |
Redbaron10 @ Correct, no Manufacturing in the UK since they closed the Southampton plant. Several thousand people still work there,R@D only, in fact it's to become there centre of excellence for R@D worldwide, So a big build/ refurb on it's way |
redbaron - agreed
US$ earners are likely to be much more valuable to us over the next few years. |
Are we building up the courage for another blast at 3000? |
GBp/USd under 1.23 now.Added cost pressures continue with the employer NI rises affecting defensive UK retailers, who employ a lot of people, denting their share prices, helping to buoy other defensive plays like BAT.I'm not sure if BAT has any manufacturing facilities in the UK now, but most employees are employed overseas. |
BAT the single-largest shareholder in ITC, will hold 15.3% stake in the hotel company after the de-merger. This will make BAT the second largest shareholder in the hospitality company after the ITC holding of 40%..
#Cameo4, thanks for sharing, I had it down as a 10% holding but BAT own more shares than I thought.. :o), still likely to be divested on completion by the look of it as it is non core, but we will have to wait and see how it pans out.. |
A bit more info on ITC hotels demerger.
hxxps://www.fortuneindia.com/investing/itc-hotels-demerger-itc-share-price-discovered-at-45560-on-nse/119839
www.etnownews.com/markets/itc-demerger-how-bat-will-bat-after-itc-hotels-demerger-record-date-article-116729146 |
Yeah the RSI is turning up and I think another crack at a break and hold of 3000 is on the cards too next week.
Good luck all 👍🏻 |
IMB closed through 2600, and our turn for another run at 3000 here next week.. :o) |
Bit of a roller coaster! |
Going back to the Canadian fines being ring fenced as payable out of the Canadian business whether their cash on hand - I guess that has been built up over the years since the original judgement and not remitted to the centre - or out of future cash flows , this should absolutely be separate to the holding company.
That is the point of having limited companies.
Also the statement of ensuring that the fine is payable over time to stop the businesses from going into liquidation is of course more of the same. If they make the cost of continuing in business too high - i.e. greater than the sum of future cash flows - you just let it go bust and do not pay the fines.... |
In cash flow terms you would expect the USD debt to be paid out of USD earnings leaving the balance to be remitted to £'s as earnings.
Also no reason to accelerate the repayment of USD debt just because the translation increases its balance sheet value.
So on the whole I think the £ falling should come out as positive. |
Not necessarily good at 1.24 as their large debt is in dollars -good for earnings translation though |
Also the GBp/USd is down to 1.24 now |
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