British American Tobacco Share Discussion Threads

[cpap man] 01/9/2019 14:27

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PUBLISHED: 22:03, 31 August 2019 | UPDATED: 09:17, 1 September 2019

[psync] 31/8/2019 14:18

Woodford is still 2nd biggest shareholder of IMB with 29.16m shares as of 01 AUG 2019 according to markets.ft.com. Seems that he's going back to his roots.

[eeza] 31/8/2019 14:12

After he sold IMB.

[philanderer] 31/8/2019 10:09

:-D

Woodford buys BAT, BT and IAG in FTSE 100 spending spree

[crossing_the_rubicon] 30/8/2019 17:02

FDA/CDC team up with states to investigate e-cig link to respiratory disease

The FDA announces that it, the CDC and state and local health officials are investigating cases of respiratory disease associated with the use of electronic cigarettes (e-cigs), adding that it recently learned of a death of an adult in Illinois who had been hospitalized with a severe respiratory illness after using an e-cig product.

[philanderer] 28/8/2019 12:16

Broker Liberum said there is some risk that the combined Philip Morris could be a more effective competitor to BAT and Imperial Brands both in the US as well as in other key markets.

"Clearly a successful merger would crystallise the need for both companies and Japan Tobacco to seek out new ways to unlock value," it said.

"However, the old regulatory hurdles surrounding material market share overlaps in several markets persist meaning that and M&A scenario remains complicated, particularly for BAT. Therefore, we see the potential for both BAT and Imperial Brands shares to come under some pressure if it looks likely that the merger of equals proceeds without a hitch.

[philanderer] 28/8/2019 09:05

Bigger Tobacco

Former partners Altria Inc. and Philip Morris International Inc. are considering getting back together in a deal that will once more reshape the global tobacco market. Wall Street is divided on the issue, with investors questioning whether this is a good plan given the regulatory scrutiny it would face and, indeed, the regulatory scrutiny the whole industry faces all the time.

For Europe’s tobacco names, it would create an even bigger competitor as everyone races for supremacy in the next generation of vaping and smokeless products, so watch closely for a reaction.

Bloomberg

[philanderer] 28/8/2019 09:00

FWIW

Liberum reiterating 'buy'

[buywell3] 28/8/2019 06:53

Plus

This is what the US market thought of the news regarding the merger

'' Shares of Altria fell 4% to $45.25 on Tuesday, while Philip Morris dropped 7.8% to $71.70.''


like buywell said mergers are not a very good idea

in most cases IMO the market agrees with buywell in this regard

[philanderer] 27/8/2019 21:01

2780p close stateside.

[buywell3] 27/8/2019 17:22

Mergers don't IMO work well

US market fall hitting this



currently down 3.88%


You might like to add this US chart Gateside or something like it to show US action after UK close

[philanderer] 27/8/2019 17:14

That's gone down like a sack of sh1te.


"In US company news, shares in Altria were up 6.4% and Philip Morris International down 9.6% after the two confirmed merger talks.

"If the all-stock merger of equals goes through, the combined company could be worth in excess of USD200 billion.

"In London, Lucky Strike owner British American Tobacco - which is heavily exposed to the US - sank 4.7% on the news."

Alliance News

[crossing_the_rubicon] 27/8/2019 16:32

Philip Morris (PM -9.1%) would have an ownership stake of 52% in the new company if a merger with Altria (MO +6%) is finalized, sources tell Bloomberg.

The deal is expected to go off without a premium to the share prices last Friday. The goal would be to close the transaction within six months.

Wells Fargo, fresh off reading the tea leaves correctly yesterday, says it sees significant value creation for Altria and Philip Morris shareholders.

[crossing_the_rubicon] 27/8/2019 14:50

"A merger of equals" is the key part.
Good move for both imo.

[muscletrade] 27/8/2019 14:33

if it goes ahead what next. Imperial brands in someones crosshairs perhaps

[muscletrade] 27/8/2019 14:31

Philip Morris and Altria considering combo (merger of equals)....

[buywell3] 27/8/2019 11:32

In November 1998, the attorneys general of 46 states and four of the largest tobacco companies agreed to settle the state cases. ... Tobacco companies agreed to pay annual sums of money to the states to compensate them for health-care costs related to smoking (a minimum of $206 billion over the first twenty-five years).



buywell3 27 Aug '19 - 11:31 - 2530 of 2530 Edit

Now that was related to SMOKING note

Vaping is vaping and not smoking at all is it.

[philanderer] 27/8/2019 10:23

Has to be a read across..

Johnson & Johnson was ordered to pay $572 million toward ending the opioid epidemic in Oklahoma, the first time a judge has found a pharmaceutical company responsible for the spike in addiction and overdoses caused by its drugs

[crossing_the_rubicon] 27/8/2019 09:37

@Gabster,

Unfortunately there is no way other than getting rid of all alerts on the thread as far as I am aware.

[buywell3] 27/8/2019 07:16

August 26, 2019

First U.S. death caused by vaping confirmed in Illinois

Nearly 200 cases of possible severe lung disease due to e-cigarette use have been reported nationwide

[karateboy] 24/8/2019 20:28

If you read the whole report, it says it is not clear that the death is linked to Vaping, .....