British American Tobacco Share Discussion Threads

[nemesis6] 04/9/2024 12:57

yes it is ffs

[petersinthemarket] 04/9/2024 12:52

Is this a tobacco thread?

[redbaron10] 04/9/2024 10:20

We know OPEC+ don't want oil prices down at these levels so if global oil supply is outstipping demand right now in anticipation of recession then the middle East producers reduce supply.The oil market and gold market attract a lot of traders and speculators in the commodity markets so volatility is always there waiting to break out when it serves their purpose.

[huckers] 04/9/2024 09:58

I agree. BP is one I am keeping an eye on to restart a position having sold at 550p and then the remaining at 465p.

[redbaron10] 04/9/2024 09:52

Always look on the bright side and see what opportunities moves in the market provide to investors.BP which is returning £7bn to investors through buybacks and divis and Shell both getting into good value territory now but maybe wait a little longer and get them cheaper still.

[redbaron10] 04/9/2024 09:45

I was hoping for another leg up here this morning and it's trying very hard but the general market conditions and uncertainty is holding us back.We are at the mercy of the US markets and where they head from here.The Dow and S&P notched all time highs recently so there could be a way to fall for the general markets from where we are.Defensive value high yielding stocks provide the best shelter but they aren't immune from falls if markets really sell off.

[tuftymatt] 04/9/2024 07:40

I think so monty.

For sure, just like in early August, the money will go back into big tech at some point but in the meantime I think much of it will flow towards the "safer" companies such as BATS.

Good luck all 👍🏻

[montyhedge] 04/9/2024 07:33

Big sell off tech shares last night, are they switching into high yield dividend stocks and ones with buybacks that's a bonus.

[redbaron10] 04/9/2024 07:24

All political parties look after their voter base...they've always done so.At least Labour has one of sorts,the Tories don't have one any more.The problem is you give in to one set of pay demands and then every public sector union says their members jobs are just as vital to the smooth running of public services and they all want pay rises and parity.We shall see.I've booked my GP appointment now ready for the end of October! (joking)

[fenners66] 03/9/2024 23:38

redbaron - by Nov the GP's will probably be on strike.
They will see the govt cave into the junior doctors and want their larger slice of the pie.

[redbaron10] 03/9/2024 22:48

Sorry Laurence.It wasn't my intent to set you off on one.I fully sympathise and agree.I'm off the blood pressure medication at present but on October 30th i might be renewing my prescription after a GP visit.On second thoughts it might be the end of November before i get to see the GP!

[laurence llewelyn binliner] 03/9/2024 21:47

Dividend tax bands all went up 1.25% in 2021/2022
NICS rates went up 1.25% in 2022
Tax free dividend allowance reduced from GBP 5,000 down to just 500
The CG allowance reduced from 12,000 to 3,000 now

Dividend tax payers have already been reamed, most pay PAYE income tax, NICS and corporation tax as well, there will be nothing left soon, don't get me started.. :o)

[redbaron10] 03/9/2024 21:16

Good points and thanks but let's see what the chancellor does with the basic rate 8.75%,higher rate 33.75% and additional rate 39.35% dividend tax bands on 30th October.Not every investor has their BAT shares in ISAs.If the chancellor leaves these alone and not increase them i'd be amazed as Labour are targeting all unearned income.

[laurence llewelyn binliner] 03/9/2024 21:05

Thats the rub with USA origin dividends, a 15% or a 30% WHT in the ISA pending your provider, a SIPP escapes the WHT, but that is it, for income seekers the CG is unlikely to be realised..

[valuehurts] 03/9/2024 20:59

If they move to the US more buybacks less dividend + dividend withholding tax 15 percent with a W8Ben in place.

[redbaron10] 03/9/2024 20:54

If Trump wins in November the board here has to give serious consideration along with the likes of Shell to headquarter themselves in the US imho.This Labour government isn't going to be any friend to big tobacco, or big oil, as we've already seen with possible outdoors smoking regulations along with new vaping legislation and no new North Sea oil and gas licences.And let's get serious, with the state of the Tory party Starmer is likely to get a second term ie 10 years in office.So in the interests of shareholders they have to take their HQ operations to a more business friendly environment of less regulation and more corporate tax cuts which a Trump administration is likely to offer.The Shell boss has already intimated that his share price would be much higher in the US and one has to conclude the same would apply to BAT if you look at comparative MO and PM share prices.PM is at an all time share price high offering half the dividend BAT offers.Okay PM has IQOS as a brand leader and is further along the road with its smoke-free category strategy but BAT isn't that far behind its own smoke-free strategy to warrant where its share price is in the UK surely? Just putting it out there.Some may agree or disagree.

[redbaron10] 03/9/2024 18:18

Nearly $38 in the US markets right now which equates to roughly £29.Let's hope the momentum continues as PM maintains annual guidance in the US

[laurence llewelyn binliner] 03/9/2024 17:23

#Monty, it could well hit 3000 for XD 26th and another 58.88 pence in the bag.. :o)

[montyhedge] 03/9/2024 15:32

I don't think it will be long before testing 3000p, hopefully before xd 26th Sept.

[redbaron10] 03/9/2024 14:43

Incoming recession? Looking at pointers like the oil price tumbling and stocks like supermarkets and defensive staples like Unilever rising then the markets don't seem to like the future outlook.Plus the political uncertainty surrounding the US presidential election and US job numbers on Friday i think volatility this month and October might add to the grey hairs!

[nemesis6] 03/9/2024 09:43

They should look at getting rid of stamp duty...save like mad (usually) legal fees all the stress then pay the govt for the privilege...and its the highest in europe (no surprise there).

[nemesis6] 03/9/2024 09:41

pensions contributions tax relief has to be favourite...never understood the bigger earnings receiving more tax relief. surely should be the other way round.

[laurence llewelyn binliner] 02/9/2024 16:21

Anything can happen in the budget, but there are better and bigger targets to go after than an ISA tax raid..

IHT
CGT
Pension contributions tax relief
LTA ceiling reintroduced with tax trap
Freezing income tax threshold allowances and trapping pay rises into a higher tax rate band

ISA funds have already been taxed once with no reliefs on contributions on the way in

We just have to wait for October to find out how low/deep they will go, penalising savers for doing the right thing with their take home pay would stink IMO..

[lyceeuk] 02/9/2024 15:23

monty keep quiet she might hear :):)

[nemesis6] 02/9/2024 15:12

hi im so nervy about this...my best share ever this after years of utter carp ...just worried about sudden fall and being bitten on @rse but this divvis is spectacular which keeps me invested.