British American Tobacco Share Discussion Threads

[this_time_its_different] 27/12/2018 18:38

£22? Good luck with that. It's not getting to £22. No one is getting a 10% yield. And why stop there, why don't you say you will get in at £10. M-u-g-s the lot of you.

[berkshires thataway] 27/12/2018 13:22

I don't think that BATS' recent travails are as much to do with market sentiment or USA regulation as people seem to think. The business now has a massive debt pile and I think that investors have started to realise that this really increases the risk profile of the business and makes it less resilient. It also naturally makes the equity value more sensitive and volatile.

The most recent update said that the board expected to reduce net debt to 3.9 * EBITDA by the end of 2019. That's extremely high and it means it's a lot higher at the moment. I bet they do all kinds of working capital management so the real structural debt level is probably be more like 4.5 times. Not saying it's a bad investment - I might get in at around £22 (where TTID said it would never go) - but it's fundamentally just a more risky share now, following the USA acquisition.

[gutterhead] 27/12/2018 11:48

life is too short to read ttid drivel. A triumph of ignorance over common sense. Filtered

[cryptotrade] 27/12/2018 11:08

This is different, No point relishing others demise because you sod to justify you selling. You go with what works for you. Like JE.

[cryptotrade] 27/12/2018 11:07

I don't get as not looked in detail what the issue is?They have spent funds streamlining the business business using technology and reducing headcount. They have purchased a company part owned. So they are well should be doing ok. Yet the share price has called to 2011 levels. Why? Is it just USA legislation. I'm wondering what the yield is? At these levels.

[creditcrunchies] 27/12/2018 10:57

IMB is holding up a lot better than BATS it also pays a larger dividend more stability. BATS management are like deer in headlights they haven't a clue so the selling continues. They ex div today so the funds will switch to IMB and let BATS continue to crash

[essentialinvestor] 26/12/2018 13:23

It's difficult to avoid some exposure to BATS, even indirectly.
Many of the UK income funds have a holding

[this_time_its_different] 25/12/2018 23:51

Yeah but bats is sinking a lot faster than the other tobacco stocks and obviously other sectors. You could have panic sold on bats in the early 30s and been better off than holding on.

[uppompeii] 25/12/2018 23:27

Thing is unless you're in cash, if this ship sinks so will most else. Not sure that commands bragging rights?

[this_time_its_different] 25/12/2018 23:09

Bull market my a-r-s-e, I've sat through two dips in 2015/2016, and a 2018 bear market. I've seen it all.

[this_time_its_different] 25/12/2018 20:15

Say what you want, I'm not the one losing my life savings in BAT. I got out at £33, so I'll happily watch this ship sink.

[thanksamillion] 25/12/2018 09:56

Just ignore the prat, she probably gets paid per BB reply and her posts are deliberatly worded to provoke a response.

[eeza] 24/12/2018 23:40

Well "investing for 4 years" in a Bull market.
You may well think differently after 40 years spanning Bull & Bear markets.

Everyone is clever in a Bull market.

[this_time_its_different] 24/12/2018 22:01

I hold a masters in finance, have been investing for 4 years now and am doing a PhD in finance.Maybe I know it all?

[this_time_its_different] 24/12/2018 21:59

Play and wait it out? So how does one get killed then? Stock is down 50%, seems reasonable it is a bottom, given all bad news is priced in. Right?

[unnavailable] 24/12/2018 20:59

No. Nothing like that, actually. Not even close. I'm very aware of that which I don't know. So risk management, position size, asset allocation will keep me alive and in the game. Plus I'm only in my early 30s so plenty of time to play and wait it out. .You on the other hand don't know what you don't know. You suffer from overconfidence, as I said. You think you know it all and leave no room whatsoever for any doubt. That is what gets people killed in the markets. .So, no, its not like my position in BATS. Not at all. Is there anything else you need me to explain to you before I go to bed for Santa?.

[this_time_its_different] 24/12/2018 19:47

what like your shareholding in bats is getting killed unnavailiable?

[unnavailable] 24/12/2018 14:34

I think it's clear to most that he doesn't have a clue. I've rarely witnessed someone speak so matter-of-factly yet be so wrong consistently. It's fascinating to watch. Almost Trump like..To speak in certain terms as he does about things that most intelligent people will tell you they just don't know, is a severe case of overconfidence. It will get you killed in the markets and I suspect he will learn this the hard way, unfortunately.

[essentialinvestor] 24/12/2018 14:14

LGEN 2007 £1.65
LGEN 2009 25 pence.

[this_time_its_different] 24/12/2018 14:00

Fed funds at 2.5% and the market can't cope, I mean really. That is a low interest rate by historic standards. This market is an absolute j-o-k-e, just collapse already and be done with this s-h-i-t-s-h-o-w.

[this_time_its_different] 24/12/2018 13:58

I don't buy tobacco stocks now, we are f-u-c-k-e-d either way with this dog of a market. DJIA touching 22,000 now with no recession in sight, what a j-o-k-e. Earnings still strong, yet we have all these overblown fears. Trade war hasn't hurt earnings, neither will a soft brexit. So why the chaos?

[unnavailable] 24/12/2018 12:28

This time it's dunning kruger..Are you buying now then?

[creditcrunchies] 24/12/2018 12:15

Might be better off diving into IMB in this weakness rather than BATS as I can see carnage on BATS running for a while longer. I just cannot see how wealthy investors will not be piling on pressure with the board, they have not managed investor relations at all well with one of the biggest collapses in share price in their entire history. IMB goes ex div on 21st Feb paying 65.46p a share, BATS goes ex div on 27th Dec paying 48.8p a share. So due to risk with BATS you could see a switch to IMB in the new year. Let's face it BATS could be 20 to 25 range soon unless the board gets a grip

[this_time_its_different] 24/12/2018 11:35

All I hear is "we are entering uncertain times", that tells me you need to buying now. VIX has gone above 30, these are bullish signals to me. If you want to sell your BATS holding to me at £25, I'll happily take it. I'll sell it you back at £50 in a few years time.