British American Tobacco Share Discussion Threads

[andyadvfn1] 17/2/2021 09:41

Disappointed at the market reaction but it's a good opportunity to add a few more

[philanderer] 17/2/2021 09:23

That's gone down like a bowl of sick :(

[catswhiskas] 17/2/2021 09:10

Thanks for the post muscletrade

[geckotheglorious] 17/2/2021 09:08

Bought a few more, small time only, at the relative lows.
Money for old rope.
Thanks for the drop on decent results.

:)

[p0pper] 17/2/2021 09:05

Thanks for the post muscle

[muscletrade] 17/2/2021 09:03

@stepone. Alliance news is not available to everyone.If you don't like the post don't read it. Simples.

[unastubbs] 17/2/2021 08:53

wtf ru talking abt? i found it interesting. definitely not wasting my time. what's yr contribution anyway?

[stepone68] 17/2/2021 08:50

Please don't waste everyone's time posting 'copy and paste' articles like the one above.

[muscletrade] 17/2/2021 08:45

British American Tobacco PLC on Wednesday lifted its dividend for 2020, as profit rose considerably on an improved operating performance and lower costs, despite a dip in revenue.

Shares in British American Tobacco were down 5.9% at 2,585.50 pence on Wednesday in London, the second worst performer in the FTSE 100. Its Johannesburg shares were 5.3% lower at ZAR529.67, lagging at the bottom of the Top 40 index.

For the year, the tobacco group - which owns cigarette brands such as Camel and Lucky Strike - posted pretax profit of GBP8.67 billion, a 9.6% rise from GBP7.91 billion in 2019.

Profit from operations increased 11% year-on-year to GBP9.96 billion from GBP9.02 billion, driven by a reduction in costs relating to raw materials and employee benefits.

BAT also noted that one-off costs for litigation charges and impairments dropped to GBP656 million in 2020 from GBP1.07 billion in 2019.

For 2020, the costs included a litigation charge of GBP487 million, following a settlement agreement for cases in the US states of Florida, Texas, Minnesota and Mississippi regarding brands previously sold to a third party. BAT also took an impairment charge of GBP209 million, largely related to Malaysia, where BAT said the retail environment remains challenging.

In 2019, BAT incurred a GBP436 million charge on a class action lawsuit in Canada, plus amortisation and impairment of trademarks totalling GBP481 million. Other litigations costs also had been booked against 2019 results, including a GBP236 million charge in the US and a GBP202 million charge in Russia.

BAT took a GBP172 million goodwill impairment in Indonesia in 2019. In addition, BAT's Quantum restructuring programme resulted in a GBP264 million charge that year.

Revenue declined by 0.4% to GBP25.78 billion in 2020 from GBP25.88 billion in 2019.

Although New Categories - which includes tobacco heating, vapour, and modern oral brands - saw revenue growth on a rise in volumes, there was a decline in cigarette volumes, and in revenue from the Combustibles business, as a result of disruption caused by the pandemic.

In constant currency terms, revenue rose by 3.3%.

British American Tobacco declared a dividend of 215.6 pence, up 2.5% from 210.4p paid out in 2019.

Looking ahead, BAT expects adjusted earnings per share in constant currency to rise by a mid-single figure for 2021, while revenue is set to grow by between 3% and 5%. However, the global cigarette market is expected to be down 3%, while the US market remains dependent on Covid-19 uncertainty.

"Last year we increased the number of consumers of our non-combustible products by 3 million to 13.5 million, doubling the rate of consumer adoption in the second half of 2020. We have excellent momentum in New Categories, with accelerating volume and value share gains," said Chief Executive Jack Bowles.

"Our investment behind New Categories has increased by a further GBP426 million compared to 2019, enabled by a 5th consecutive year of value share growth in combustibles. Enabled by Project Quantum, we continued to simplify the company and drive efficiencies, delivering GBP660 million of cost savings (being well on track to deliver our ambitious GBP1 billion of savings by 2022), further supporting new capabilities investment," Bowles added.

[daneswooddynamo] 17/2/2021 08:45

Lol, just done the same but not quite 20 percent !

[topazfrenzy] 17/2/2021 08:33

Swapped 20% of my IMB holding for BATS since it's looking like better value on this big dip and I prefer BATS longer term as they have more vision regarding new markets etc

[daneswooddynamo] 17/2/2021 08:32

Agreed, investors want to see the debt levels come down for the baccies. In the short term the market is in a frenzy for cyclicals, plenty of decent long term stable revenue/dividend plays to go for

[catswhiskas] 17/2/2021 08:31

Has this moved onto AIM overnight.
LoL !

[unastubbs] 17/2/2021 08:30

personally i agree but possibly market expecting otherwise??

[spoole5] 17/2/2021 08:29

Surely paying down debt is a better use of cash

[unastubbs] 17/2/2021 08:25

nothing abt buybacks, do you think this could be responsible?

[simba_] 17/2/2021 08:24

Also topped up. Who doesn't want a high probability dividend payer. Core income.

[topazfrenzy] 17/2/2021 08:21

We get to top up cheaply so it's a blessing in disguise ... I had 4 top ups so far this morning!

They will all be scrambling for these defensives when the sh*t hits the fan and central banks and economies go rogue lol

[p0pper] 17/2/2021 08:19

You have to laugh at these markets anything making a good profit and paying a good divi is in the doldrums, just look at Aviva now BATS

[pottsypotts] 17/2/2021 08:18

Bought some more on the dip, steady share with an increasing divi and they get punished??

[spoole5] 17/2/2021 08:16

There are companies out there that won't be paying a dividend for years being bid up to ridiculous levels on the hope the vaccine is a silver bullet. Bats will have paid out another 10 quid by then

[crt131] 17/2/2021 08:14

Managed 1066 more shares split in two trades :)

[geckotheglorious] 17/2/2021 08:13

Happy with the results.
Not so much share price reaction.
Down 5.5%, good grief.