British American Tobacco Share Discussion Threads

[redbaron10] 31/5/2024 16:22

It was around this time last year that BATS announced Jack Bowles the last CEO was standing down with immediate effect which certainly didn't help market sentiment or the share price.

[montyhedge] 31/5/2024 14:22

Let's hope not like last year, shares what I can remember around 2600p down to 2400p.

[tornado12] 31/5/2024 13:02

BATS H1 trading update 4th JUNE.. one for the diary ..

[action] 31/5/2024 09:21

I will wait as in June you may see price around 2325p

[action] 31/5/2024 09:20

I do not have ac where I can short any shares. It is good thing to have , I mean flexibility to long or short.

[montyhedge] 31/5/2024 09:02

I go short from time to time on certain shares, but my golden rule, I don't short shares will a high dividend or that are having buybacks. Good luck bears on this one.

[tornado12] 29/5/2024 18:59

I’m adding before XD over next few weeks as dividends arrive. Below £24 is a good top up opportunity for the near 10% divi.

[supermarky] 29/5/2024 17:40

xd 27th june

[supermarky] 29/5/2024 17:39

Thinking of adding another few before the next xd. Not too many more though as am already overweight here.

[nemesis6] 29/5/2024 16:50

amazing how everyone on here sells out at the top

[simonzaphodbeeblebrox] 29/5/2024 15:01

I sold out at 2490 and have started to buy back in at 2360. Hoping for a drop to 2300 prior to ex-divi date in June that will hopefully see a rise back to 25 or close.

[mcunliffe1] 29/5/2024 10:28

I'd prefer debt reduction first, special div second. No buy-back increase beyond that stated.

[laurence llewelyn binliner] 28/5/2024 20:57

#Hope1815, thanks for sharing, so following the de-merger (when it happens), according to other sources BATS would divest their holding in ITC hotels as it does not align with their core business, which in turn would fund a good chunk of debt pay down, further buybacks and/or a special..?

All of which is fine by this shareholder.. :o)

[hope1815] 28/5/2024 19:49

According to a demerger document sent to shareholders, BAT has voted in favor of the demerger. BAT will directly own 15.32% of ITC Hotels (Previously was 17% but BATS sold some of their Holdings hence the new figure) as foreign direct investment, making it the largest public shareholder after ITC's promoter holding of 39.93%.

6 June 2024 ITC Will debate it but it is a foregone conclusion. On the Merchant Bank appointment that will be announced within Q3 2024.

Happy Investing

[plastow] 28/5/2024 16:36

Back in the 5 month trading range again

[action] 27/5/2024 09:29

I want price to recover to 3000p and reduce debt or buy back to achieve that price.

[montyhedge] 26/5/2024 20:21

Wow if true special dividend we hope.

[jfallon1] 26/5/2024 05:05

Hi,

@hope 1815, that sounds potentially good news. Can you provide a link to this info as can't locate anything please?

Many thanks, 🙂

[action] 25/5/2024 13:24

Bases on this news expecting 2500p sooner again.

[action] 25/5/2024 13:22

It will great cash release from ITC Hotel listing to reduce debt or buy back shares.

[plastow] 25/5/2024 10:46

It great when you trade in and out and buy back a tad cheaper problem is when it suddenly goes the opposite way people buy in at a higher price with all commissions isn't worth it loads of young folk vaping here...

[hope1815] 25/5/2024 10:18

ITC is all set for demerger. The company has announced that it will demerge its hotels business -- ITC Hotels. ITC demerger date for shareholders' meeting and ITC demerger ratio have been announced by the company.

Bats Post listing is expected to appoint a Merchant Banker to facilitate the sale of the stake. The money raised will be used towards the Debt and buy backs towards 2026/27.

Happy Investing

[action] 24/5/2024 21:35

Sold out profitable position at2487. Got in at lower level twice to average down. Expecting rebound to 2500p b4 exd. If not will hold on to recent entries till it gets profitable....

[nemesis6] 24/5/2024 16:15

whats going on here??/ kind of wished id sold at 2488....but hey ho there is the divvi