British American Tobacco Share Discussion Threads

[laurence llewelyn binliner] 22/6/2024 10:35

I expect to see that too, and we could well see most of the XD 58.8 pence recovered same day with the BB mopping up any sellers.. :o)

[montyhedge] 22/6/2024 09:44

I think over 2500p is a given by ex div, I will be disappointed if not nearer 2550p by close of business Wednesday to collect 58.8p.Of course it will fall that amount but not always, especially with buybacks.

[laurence llewelyn binliner] 22/6/2024 08:50

The ITC returns are already earmarked for debt reduction and to support/extend the buyback AFAIR...

2500 next week.. :o)

[lovewinshatelosses] 21/6/2024 21:39

I would prefer additional cash to go towards further debt reduction and perhaps extending/increasing the buy back programme. The current dividend is sufficient IMO. It is delightful, actually :)

[montyhedge] 21/6/2024 21:34

What will happen, do you think special dividend for us?

[hope1815] 21/6/2024 21:07

Update ITC Hotel Demerger

6 June 2024 At a meeting held on Thursday, an overwhelming majority of 99.6% voted in favor.

Published on: Jun 21, 2024, 4:21 PM IST

ITC’s hotels business reports best quarter: Perfect timing for demerger to boost conglomerate returns

hxxps://www.businesstoday.in/magazine/the-buzz/story/itcs-hotels-business-reports-best-quarter-perfect-timing-for-demerger-to-boost-conglomerate-returns-434240-2024-06-21

The time scale is from November 2024 to February 2025 for the Demerger to happen. The same Merchant Broker probably will be used when they sold ITC India shares of 3.5% earlier in the year.

The proceeds I have covered before after the demerger happens.

Happy Investing

[hope1815] 21/6/2024 20:48

28/2/24

hxxps://www.pwc.co.uk/press-room/press-releases/research-commentary/2024/p340bn-pension-surplus-could-be-unlocked-for-uk-investment-as-a-.html

Government consults on defined benefit surplus

hxxps://www.shoosmiths.com/insights/articles/government-consults-on-defined-benefit-surplus

Council looking to access Pension Funds to help with debt surplus



Government Labour or Socialist Tory are both the same. The old Tory would not increase taxes or raise Corporation Tax etc Socialist Tory Government

Happy Investing

[lovewinshatelosses] 21/6/2024 20:40

What surplus? Pensions are probably the biggest ticking time bomb of all the various ponzi schemes currently in existence in the UK (and probably applicable to much of the rest of the western world too).
The unfunded liabilities of pensions are bigger than most people are aware of, although I suspect some of the politicians know the truth of it.
I agree the politicians will do almost anything to avoid pi££ing off the grey vote too much, but they are going to have to find ways of making them take a big haircut in the years ahead, one way or another, or see the entire system collapse.
Simply because they are not going to be able to increase taxes on the workers or corporations much more (laffer curve etc). If the rich wanted to pay more tax, it is easy to do so via the HMRC website, lol.
And I do not see many of them suddenly coughing up billions more in voluntary taxation donations each year (which most of them could not do anyway of course - stock options, unrealised gains etc). But say they did...that would still not even cover the cost of servicing the existing debt, let alone pay it down!
Anyone who thinks the uniparty has solutions to these serious problems, and furthermore would act on them even if they were so inclined...is likely to be disappointed. AIMO, naturally. Anyway, TTFN.

[hope1815] 21/6/2024 20:01

The Rumour on the Raid on Pensions, it was around the surplus in Public Pensions. They were in Surplus it was mentioned in the news. They left out what GMB/UNISON/UNITE thought of it. They said they would strike and oppose any money taken from members' Pensions.

It is Rumour till it happens Labour knows of the Circumstances and consequences if they decide to.

Not a good way to start by upsetting your supporters.

Happy Investing

[lovewinshatelosses] 21/6/2024 19:09

While I am strongly against any tax rises (because we do not need them - we need to significantly reduce public spending in all non-core/front line areas), a raid on pensions would be more achievable than a raid on ISA holdings IMO.
Not that I am advocating a pensions raid, to be clear, but from a legal perspective, it might be easier to pull off. Because ISA's are cash investments from money that has already been taxed. Pensions (especially SIPPs) have incurred (in some cases) significant tax advantages - savings/public funds top ups along the way.
Yes, it was an obvious strategy to encourage people to save for their retirement. Yes, it would represent a rug pull.
But it would hardly be the first time a government has moved the goal posts on people.
Student loan interest payments, various stealth taxes that go by other names, such as social care precepts, green levies, landlord licences...just off the top of my head. Not to mention the most devious of them all: the inflation tax.
They have wars to fund and other avenues for the enrichment of...well, not the ordinary Brit, don't ya know.
Anyway, we can only control what we can control and no point in worrying about it.
The last Peasants Revolt was almost 650 years ago, so I presume most people are happy enough with the current set up. More is the pity, perhaps :) I jest of course. GLA.

[laurence llewelyn binliner] 21/6/2024 17:29

#Monty, indeed, but 1 of my concerns is IF ISA income gets capped or the size is given a ceiling value where income from it is taxed over and above..?

Anything can happen, but I can see a raid on pensions 1st where contributions are all given the 20% tax relief, nothing extra for 40/45% earners..?

[montyhedge] 21/6/2024 15:57

Always get a run up to ex div 27th June, bears panic, investors want the dividend.ISA's will be so important for tax free dividends as Labour comes to power, goodness knows what will be taxed for savers.

[topazfrenzy] 21/6/2024 09:45

Defensives are charging ahead as markets seem on the verge of a swoon

[plastow] 21/6/2024 07:12

Wonder if we hit the large resistance and drift back down again 2480 2500??

[montyhedge] 19/6/2024 17:38

Over 2500p before ex div.

[fenners66] 19/6/2024 10:52

How do we know they haven't already ?

[topazfrenzy] 19/6/2024 10:01

One more thing, sorry to go on and on! Trading212 also has 24 hour trading for some US stocks, which ii do not have. They should give me a PR job lol.

[topazfrenzy] 19/6/2024 09:21

Also, very importantly lol ... Trading212 allows you to buy cannabis stocks which ii does not for some reason

Different horses for different courses you could say when it comes to investing products on the market

[topazfrenzy] 19/6/2024 08:55

Btw, I still retain my ii account but only on holdings that I do not trade, such as BATS.

ii costs however are hefty compared to Trading212 so it's worth having several accounts in my view, depending on what you intend to use them for. When it comes to US trading, 212 also cover the OTC market which most UK brokers do not, and again the trading fee is 0 and exchange rate minimal whereas ii rip you off with both trading (albeit less than others) and the USD exchange rate.

[topazfrenzy] 19/6/2024 08:51

Trading212 is covered by the FSA like other brokers on most of their products. Their offerings are changing all the time, improving from what I can see.

In regards to the 5.2% interest, you are right since they invest the free cash on the money markets, but very conservatively, IF YOU ALLOW THEM. There is another option for less interest if you did want to be covered on the free cash by the FSA.

Them being able to use your shares needs your consent, you get paid for that service, I don't allow it personally as the payout is not that much.

[montyhedge] 18/6/2024 19:59

Good post, I'm sticking with ii.

[lippy4] 18/6/2024 17:48

good info thankyou..

[hope1815] 18/6/2024 17:35

Moving your ISA to Trading 212 was a bit pointless. I have Trading 212 ISA Stock/Shares opened up in April 2024 (Growth share trading only). I would advise to consider it carefully I have kept my main ISA with H/L for coverage/information and easy access to paying Dividends directly into your Bank Account ( I only Invest monthly via their Monthly Saver no fee only stamp duty like most other platforms).

Trading 212 has draw backs the Interest Rate 5.2% on free cash in account is good the drawback is your not covered by FCA £85,000 as you signed the waiver (ISA is at risk if you sign it as your not covered). The other drawback is that Trading 212 can use your shares. ALWAYS read the small print.

Happy Investing