British American Tobacco Share Discussion Threads

[eeza] 05/3/2019 21:57

Should be a spike up tomorrow.


"Tobacco stocks like Altria Group and British American Tobacco jumped by 2 percent at the news of Gottlieb’s resignation."

From The Verge.com

[wbecki] 05/3/2019 20:29

FDA Commissioner Doug Gottlieb has stepped down from his position.

Gottlieb has taken a very tough stance on youth cigarette and e-cigarette usage.

[this_time_its_different] 05/3/2019 20:20

That son of a b-i-t-c-h fda commissionar just resigned

[creditcrunchies] 05/3/2019 20:17

I actually tried these new heated tobacco devices apparently a massive hit in continental Europe, a lot people that went to cigarettes then to vaping have moved over to these new devices. Weird experience it tastes just like a tobacco cigarette as if you've smoked one without any smoke coming out you just get tobacco flavour and the nicotine hit.

[simba_] 05/3/2019 10:17

Wants to test £30. Possibly today.

[wbecki] 05/3/2019 08:03

"British American Tobacco is to take a charge worth over GBP400 million related to its lost Quebec appeal, the company said.

The Quebec Court of Appeal last Friday dismissed an appeal by three tobacco companies against a CAD15.6 billion judgement against them in class action lawsuits that have been running for some 20 years.

Imperial Tobacco Canada, now believes the recoverability of this money is less than certain, so BAT will take a GBP436 million provision on its 2019 balance sheet.

This will not, BAT stressed, impact its ratio of adjusted net debt to adjusted earnings before interest, tax, depreciation, and amortisation, and will also not hurt cash flow"


Small beer to BAT.

[philanderer] 04/3/2019 20:43

4th march JP Morgan overweight tp 4000p
4th march Liberum buy tp 3000p

reiterations

[philanderer] 04/3/2019 17:50

Sure does :-)


'British American Tobacco: Still Heavily Undervalued'

[2vdm] 04/3/2019 16:40

This looks like it was all priced in. Anyone else agree?

[gf13] 04/3/2019 13:45

I think this will keep going until the next ex. div. date 21/3 at least..look at the weekly chart

[ygor705] 04/3/2019 13:22

Interesting share price reaction today which suggests to me that the bears maybe running out of ammunition. Encouraging!

[stepone68] 04/3/2019 13:02

ttid - take twice as long.. what, 2 months? I've held for 15 years, another 2 months isn't going to kill me.

[minerve 2] 04/3/2019 12:23

Jefferies, courtesy FT Markets Live:

We would expect an additional deposit to be paid if the tobacco companies do appeal, like last time we would expect an additional deposit to be required. We think, in a worst case, it will be the same amount as the previous appeal. Last time, the court required BAT to pay C$758mn and PMI to pay C$226mn. Both companies were required to pay in 6 equal quarterly installments, starting in Dec 2015. JT was not required to make a deposit but if they were to this time we would estimate, in a worst case, it would be C$145mn.

Unlikely the full amounts are ever settled if the case was appealed and they lost again, a possible outcome is all 3 names declare bankruptcy. There would be no liability on the parent. Such action would be most likely at BAT, with the fine value way greater than the business value, but we think there is also an argument for bankruptcy at PMI and JT. We estimate Canada is c3% of BAT group profit (annual EBIT of C$500mn), c3% at PMI (C$500mn), and c3% at JT (C$200mn). Bankruptcy could also be sought to force creditor protection such that the government rounds up Quebec and all additional similar cases (Quebec not the only province with such cases) and arrives at a national settlement that can be afforded (similar US MSA payments). What this means is that ultimately, the full amounts are unlikely to ever be paid.

[this_time_its_different] 04/3/2019 12:12

Will breach £30 this week I think. The easy money has been made, the slog to £40 will take twice as long.

[gf13] 04/3/2019 11:28

another 3% today would be nice..

[gutterhead] 04/3/2019 11:14

What a load of fuss. Market might bounce now that this nothing news is out of the way

[stepone68] 04/3/2019 11:06

Buy some anyway, Gabster. Help turn the tide of declining volumes....!

[gabsterx] 04/3/2019 10:59

Quebec litigation results bounced off BATS like bullet off Superman! Going out for a smoke to celebrate, only problem is I don't smoke..

[philanderer] 04/3/2019 10:31

Fag shares the best ones in my lot this morning.

[philanderer] 03/3/2019 10:22

Tobacco companies are using e-cigarettes as a 'Trojan Horse', experts warn

[ygor705] 03/3/2019 08:17

Imperial Tobacco Canada have an interesting website which gives RCMP figures on illicit cigarette activity in Canada. 50 illegal cigarette factories, 300 smoke shacks (whatever they are) and numerous cigarette trafficking organisations with links to organised crime. ITC has a turnover of 89.1m C dollars and employs 1100 people. Seems to me to be small beer in comparison with the amount being claimed. I think I'd shut it down and form a new local distribution company supplied from non Canadian sources. Surely, this is what the concept of limited liability was invented for.

[gabsterx] 03/3/2019 08:02

brb, I'm going to jump off a building and if I survive I will sue the construction company for making the building so high.

[eeza] 02/3/2019 22:56

And then there are unintended consequences.





And

[creditcrunchies] 02/3/2019 22:41

governments cannot get any tax revenue from NG vaping products because all of the product are food based ingredients from the base liquid to the flavouring anybody can knock up their own e-liquid if they wanted to. If you tax the mods you can make them yourself you just buy cotton wool, a battery and some steel wire. The only taxable stream is the nicotine shots but I'm sure peeps will find ways to produce those themselves.

What I can see is governments panic and start legalising cannabis to get revenue they can no longer get from big tobacco. Canadian courts have shot themselves in the foot as these payments are one off then that is it. Basically BATS just have to force another appeal until they get the payments down to reasonable level. They need to get the action focused on cases where it was before it was common knowledge they cause illness.