British American Tobacco Share Discussion Threads

[car1pet] 01/8/2024 18:11

Reeves has made a huge political error with pensioners winter fuel payment.
Why did she do it?
The alleged black hole of £20bn is only 2% of the £1.2tr annual spend. With interest rates falling, debt interest will reduce and the £20bn will be petty cash. I can't be difficult to make savings of 2%.
She looked ok before the election but not impressed so far

[plastow] 01/8/2024 17:48

Sea of red apart from this 30 here we come??

[spawny100] 01/8/2024 16:01

Perhaps markets were expecting a 0.5% cut so were disappointed?

[laurence llewelyn binliner] 01/8/2024 15:40

Great to see a few nibbles and 2800 fall, 3000 looks likely this year and 3500 from summer 2022 does not look so far over the horizon anymore, 1st rate cut in the bag here in the UK and the FED are now looking towards September for theirs driving income seekers into high yield equities.. :o)

Todays offer prices ramped up in advance of the DRIP or auto re-invest as dividends clear accounts tomorrow..?

[action] 01/8/2024 15:07

Out now . In in HSBA

[redbaron10] 01/8/2024 14:37

The scramble for yield is on now with interest rate cuts starting.

[tuftymatt] 01/8/2024 14:29

The cap on the lifetime pension allowance is bound to come back into play in my opinion as is a reduction of the £60k current contribution limit.

I think though they raise the previous caps so go with £50k / £1.2m or something.

Good luck all and sorry for going off topic sort of 👍🏻

[laurence llewelyn binliner] 01/8/2024 13:59

#Supermarky, anything is possible, but IMO they will raid all the other soft targets before ISA dividends, but a ceiling could come for the fund size for dividend income tax exemption..?

IF that were to happen, ISA holders could rotate out of income stocks and go for CG growth funds instead to reduce taxable income, 1 problem at a time and see where we go next on crytallising a CG inside the tax free wrapper..

Just thinking out aloud as it is 1 of my fears too, the current dividend allowance of 500 quid has already been whittled away to next to zip..

[supermarky] 01/8/2024 13:26

Surely they will not touch stocks and shares isa dividends

[supermarky] 01/8/2024 13:25

momentum is here nowadays

[mcunliffe1] 01/8/2024 10:32

May also ramp up IPT rate. Currently 12%. In 2023 £1.88bn was raised at this 12% rate.

£2.35bn would be raised (at least) if the rate went to 15%

[laurence llewelyn binliner] 01/8/2024 10:16

Exactly why the ISA tax wrapper is such a gem, but we will have to see what tax raids come 1st, if income tax, NICS and VAT are left untouched as promised, the priority taxes will be..

IHT
CGT
LTA ceiling re-introduced [edit]
Pension contributions relief
Director dividend tax has already been ramped up by the Tories, but may also get hiked..?

[redbaron10] 01/8/2024 10:12

I'm here for dividend income.Depending on what Labour unveils in their autumn budget i might go back into property if dividends ie unearned income is going to be clobbered......which is what i suspect.

[plastow] 01/8/2024 10:05

Compound investments is the best way atm the trend is your friend

[redbaron10] 01/8/2024 09:11

These shares are still half the price they were back in 2016 so reinvesting the money even at these levels isn't too bad if that's your investing strategy.

[boatman123] 01/8/2024 09:07

You and me and lots of others too no doubt lol

[plastow] 01/8/2024 08:46

Dam I want cheaper shares Friday to reinvest Divi lol

[pensioeninvestor] 31/7/2024 21:25

I hope big tobacco will replace the government official who introduced this new ban in Indonesia.. just like they replaced that government official in Nigeria who issued a fine against BAT.

[redbaron10] 31/7/2024 15:34

The drop today i think is the reaction to Altria's results today which didn't paint a pretty picture on cig volume declines.However as this is a known factor already and represented in the share prices of big tobacco i'm sure it's just a hiccup.Still very profitable businesses.

[montyhedge] 31/7/2024 13:27

Bit of a tussle here between bulls and bears, we want 2850p, bears want back to 2550p.

[tuftymatt] 31/7/2024 09:56

Really encouraging to see BATS having a go at 2800!!

Agree that with the broadening out from big tech and the ever closer rate cuts that challenge of 3000 looks more and more likely at some point next month.

Good luck all 👍🏻

[montyhedge] 31/7/2024 08:29

I know Deutsche bank raised to 3500p, be nice if analysts put a timeframe on forecasts.