Interesting chart replication going on here. |
The UK budget where Reeves might clobber vaping with taxes to dissuade youngsters from ever starting and we know chancellors hike stick taxes at the inflation rate +, is on 26th March, and as the ex-div date is 27th March here,this might provide a buying opportunity again. |
Very compelling valuation
“British American Tobacco's investment appeal lies primarily in its compelling valuation, with shares trading at a forward price-to-earnings (P/E) ratio of just 7 times its 2025 Wall Street consensus EPS. This earnings multiple stands significantly below its industry peers, with Altria Group trading at 10 times forward earnings and Philip Morris International at 17 times, suggesting BAT shares are undervalued”
The very low valuation of BAT v the very high valuation of PM is actually quite absurd now
They both have very similar products and sales and profits but PM has a market cap of about 3x BAT
If BAT was to simply move the main listing to the US the share price would probably be well over £50 |
At this rate of decline we will be on a par with imperial sadly . |
I think that is a a bit early to say 3000 area is a massive support. |
Doesn't look like 3000p will hold .
Chart support around 2875p |
Seems to be a down day on most indices interesting what tomorrow will bring test of recent lows maybe 2980?? I dipped in and back out today will take a longer term position soon |
Sure is bouncing of resistance here...!!! |
IMB XD today so an expected drop over there, many times we seem to mirror each other on ups/downs, but yes, now we will see where support is.. :o) |
Now we'll see if £30 is a floor. |
I have a large chunk here as an investment and have been naughty this morning and bought a few more at sub 3000 for the ride |
Nothing is a given but the gap is filled now and see where we go next, will 3000 pence resistance become support..?
Mine are keepers for the income regardless, but pattern events and Fib levels are a point of interest as they are so often hit.. :o) |
Interesting times in TA now?? Could blow straight through who knows |
xd 27th March 2025 |
resistance becomes support. |
27.01.2025 - BATS gap up 90 pence on the open C3008 - O3098, pretty much filled last night, now we will see where it goes next, 18.02.2025 O3018 L3013 (so far).. :o) |
hxxps://www.bath.ac.uk/announcements/new-report-reveals-potential-28-million-tax-discrepancy-involving-british-american-tobacco-in-kenya/ |
Popit,
A 'gap' is not the same as a price.
A gap is where the closing and opening price are different.
If you're going to present an argument to debunk technical analysis at least get the basic definition of what you're debunking right... |
Lowest at close feels like another drop tomorrow to £2980 this was 2350 a blink of the eye ago…. |
Gaps and technical analysis are a lot of nonsense
BAT is far cheaper than the other main tobacco companies
It has a low PE, it has a dividend of 8%, and it has a stake in ITC worth several billions
And if BAT decide to move their main listing to the US, the share price will probably immediately rise by over 50% |
Dismiss TA at your peril, gaps do get filled up and down, I cannot even count how many times I have seen it over the years, traders use them for a good reason, not at all surprised to see 3000 again the share price ran up with expectations of stronger NGP results in line with PM, they did not hit that metric so getting sold off, but what we did get is 240+ pence dividend income, another BB tranche, and soon to crystallize a stake in ITC hotels..
On 18 March 2024, the company announced its intention to start a sustainable share buy-back program with GBP700M worth of shares to be purchased in 2024 and 900M in 2025.
When will it bottom out..? I am expecting somewhere around here, but nothing is a given in TA.. :o) |
Nothing to do with silly gap theory it’s just the results were slightly below par - simple as! |
Do gaps get filled on the way up too? Seems there is a gap between 3200 and 3400 if we apply gap theory. |
Just bought a few more after this has oversold. 400 ish down in few days! Xd Shortly. |
That's the gap filled then |