British American Tobacco Share Discussion Threads

[ygor705] 21/3/2024 08:15

Price holding up well taking into account it should have lost 58.8p on going XD. Buybacks being pursued aggressively by BAT who have already indicated that they will pay well over £24 for stock. Interesting times!

[saltaire111] 21/3/2024 08:07

Ex d today.

[montyhedge] 20/3/2024 19:55

Oh well you can keep dreaming, nothing wrong with that, lol

[11romano] 20/3/2024 19:48

oh well tomorrow be a huge drop to around 22.50 or below then I shall take advantage and bag a few more

[car1pet] 20/3/2024 18:52

BTI has risen in the last hour so could be above 2400p tomorrow. My guess it will end the day at 2350

[finkie] 20/3/2024 17:55

Doubtful it will drop by the dividend amount thats a given but we will know for sure in a few hours

[zicopele] 20/3/2024 14:57

Drop under £23 tomorrow. Without the buybacks, this plunges like a stone.

[finkie] 20/3/2024 13:38

My guess is a drop of 63p tomorrow followed by a steady retrace back up to 2450.

[montyhedge] 20/3/2024 13:01

The algorithms give us a chance to pick up cheap stock, dividend in the bag it will be interesting to see if it's 58.8p drop tomorrow, or less or more.Hope you have in the isa tax free, lol

[topazfrenzy] 20/3/2024 12:25

Added a few on this dip

[hope1815] 20/3/2024 12:21

Title on Sky News

Vaping causes similar DNA damage to smoking - as study links e-cigarettes to cancer risk.

Report from Doctor in Article-

Dr Ian Walker, Cancer Research UK's executive director of policy, said: "This study contributes to our understanding of e-cigarettes, but it does not show that e-cigarettes cause cancer.

"Decades of research has proven the link between smoking and cancer, and studies have so far shown that e-cigarettes are far less harmful than smoking and can help people quit," he said.

It further says it requires further study.

News Outlets can be sued only way for them to report correctly it seems

[spud] 20/3/2024 11:58

Dropping on the Vape Cancer news I guess (but I'm sure you all knew that).



spud

[mcunliffe1] 20/3/2024 11:02

But, as the share price drops think how many more shares the BB will obtain. Worked great at abrdn (not).

Crazy Market.

[montyhedge] 20/3/2024 08:33

Looks like algorithms are selling, the computers scan for words anything negative or positive, they must of found something negative of course.Still for us 58.8p ex div in the bag tomorrow. Will we fall 58.8p tomorrow going to be interesting.One thing about computer trading, no emotions, greed, fear, Fomo etc.Perhaps that's why some hedgies like them.

[tuftymatt] 20/3/2024 08:23

I agree and took a few more today at sub 2400.

Good luck all 👍🏻

[topazfrenzy] 20/3/2024 08:04

Interest rates will come down faster than people think, this will then soar when coupled with the buybacks as the yield becomes even more attractive ..

[montyhedge] 20/3/2024 07:23

Missed this update from Jeffries the other day, 3200p target not too bad.https://m.investing.com/news/stock-market-news/british-american-tobacco-maintains-buy-rating-gbp3200-target-93CH-3332918

[montyhedge] 19/3/2024 15:22

I been calling for buybacks for ages, increases eps and should increase our dividend over time and cancelling shares straight away.

[invisage] 19/3/2024 15:12

BATS should save a good amount of money from buying back shares and cancelling before ex div date this Thursday.

The great thing is shorts getting squeezed.....

[montyhedge] 19/3/2024 14:17

I don't know the mechanics of it, but they have started buying and cancelling shares straight way, seems good less shares in circulation I would have thought.

[hope1815] 19/3/2024 12:14

It only applies if the share price remains low in the coming months if it spikes toward the impairment announcement the case falls apart. The Investor has a mind of when to buy and sell.

Their position falls short on this principle

If a company announces they have a profit warning or falls short of Guidance the share price reflects that news. The Investor sells that position on that news.

It illustrates the US law firms blaming a decision announced on impairment to which BATS reflected over 30 years on their acquisition in 2017 which many analysts agree with.

The class action can be back over 6 years to 2017 but action needs to be proven on false information on the category mentioned by the US firm to which the Investors made their loss. The dividend they may have got plus the share price at the time of the court case showing their capital loss. The period had a lot of bumps in the road where the share price was affected, by Covid, Inflation, law change, and social habits which Bats had no control over.

A scenario -

Just think they are in court saying Investors lost $100,000 on their Investment when they sold. On the proceedings, BATS Lawyer steps up and asks when they sold(ask if they bought back in on a lower price ) and then points out the share price is 10% or more today when they bought, does an open palm expression, and shrugs his/her shoulders at the judge then sits down.

As an Investor, you expect good and bad news. If some people think otherwise well they not thinking straight

To be honest it would be interesting if common sense does exist.

Happy Investing

[kiwi2007] 19/3/2024 11:15

What's the feeling regarding the litigation over taking the impairment charge?
The Sue, Grabbit & Runnes over in the States seem to be getting all excited!

[hope1815] 19/3/2024 08:23

ITC Hotel demerger 2024 - 6 months or fewer to go

In an effort to unlock value and focus on core competencies, ITC Ltd. decided to demerge its hotel business into a separate entity. The board of ITC Ltd. granted in-principle approval for the demerger under a scheme of arrangement.[12] Sanjiv Puri, the CMD of ITC, elaborated that the move is part of a broader strategy for capital raising and debt expansion.[13]

The spin off was confirmed last August 2023 and a 15 month period given. British American Tobacco will hold 17% of the business to which they intend to sell.

Depending on the IPO price and how it performs BAT could rise 1 to 3 Billion from the procedes.

According to the filing, the indicative timeline for listing ITC Hotels is nearly 15 months i.e. probably in November 2024. It is worth mentioning that the scheme of the demerger is subject to necessary approval from shareholders, creditors, stock exchanges, Sebi, NCLT and others

Happy Investing