Maybe another knock on the 30 door it should open soon |
If we get a decent opening over the pond might have another go at it today |
Can't get through pivotal point 3000p it seems, is it rolling over. |
Low volume today all very quiet, US closed. |
US closed today, so low volume day, is this the day we test 3000p. |
Oh no..the death warrant..only way is..down now lol |
3000 will be broken shortly and will become support. There I have said it. |
I suppose 3000p resistance, pivotal and psychological level, once through 3000p will become the new support level. |
Hmmmmmm probably purchased a chunk of shares that were offloaded by reinet |
Looks like a hedge just increased their stake. |
Sterling weak again good for FTSE 100 dollar earners. |
Yeah plenty of interest here and that big seller dip was a great top up opportunity ahead of another crack at 3000.
Good luck all 👍🏻 |
I think the market knew about that seller yesterday, holding price below 3000p, now they are out the way, hopefully back to test 3000p again. |
Inflation out 2.5% our yield now 8% so at least beating inflation. |
Neilyb365 the phantom down ticker strange behaviour, the thing is ADVFN says he's a premium payer like me, lol |
FTSE 100 dollar earners, with sterling very weak and going possibly below 1.20 to dollar, BATs will be given a boost to profits, bigger dividends boys. |
The bargains available 1st thing will soon be mopped up .. :o) |
Yes safe 8.19% yield at this price. Buybacks should underpin share price. |
Yes I agree and a chance to buy a dip created only because a large holder decided to sell and bank a profit.
Nothing wrong with that and nothing wrong with the company either and a challenge of 3000 will happen again soon enough.
Good luck all 👍🏻 |
Just filled my boots, seems good value. |
 Reinet on Tuesday agreed to sell its entire shareholding in British American Tobacco PLC to institutional investors, netting GBP1.22 billion.
The Luxembourg-based investment vehicle will sell 43.3 million shares in BAT at GBP28.20 each following accelerated bookbuild process, which commenced on Monday. Placing shares represent approximately 1.96% of BAT's share capital.
Reinet, which has a market capitalisation of EUR4.30 billion, intends using the proceeds from the share placing for its ongoing investment activity. BAT will not receive any proceeds from the placing, it said.
Following the settlement and completion of the placing which is expected to take place on Thursday, Reinet and its subsidiaries will have fully exited their position in BAT and will no longer hold any interest in BAT.
Reinet also owns interest in entities like Pension Insurance Corp Group Ltd, and Prescient China funds.
As at September 30, 2024, Reinet's interest in BAT comprised 24% of the net asset value of Reinet, being about 48.3 million BAT shares.
Reinet expects to announce net asset value of its subsidiary Reinet Fund SCA on or about Thursday next week.
Separate from the placing, during November and December 2024, said its indirect subsidiary, Reinet Jersey Holdings Ltd, sold 5 million BAT shares through a "dribble-out" process on the London Stock Exchange, realising gross proceeds of some GBP148.5 million. |
Wow, holding well I thought below 2800p. |
Reinet selling all their BAT shares. |
Heavy volume today and yesterday |
#Fenners66, you are not alone, I loathe debt, it is a parasitic drain on profits, you get banking covenants imposed on you and have to measure a KPI to keep inside those limits, build cash and get it gone, even more so in the current higher interest rate environment..Debt fuelled growth when it was almost for nothing had its merits in the past but not so much now eating into the EPS/PBT |
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