British American Tobacco Share Discussion Threads

[philanderer] 19/1/2018 17:29

Philip Morris, Altria up more than 1% on upgrades

Jan. 19, 2018

Analyst Owen Bennett (Jefferies) is bullish on the tobacco sector, seeing total returns over the next 12 months of 15% topping that of consumer staples by 500 basis points.

Keys: Reduced risk product (RRP) segment development, possible M&A, increasing bond yields, and forex changes being a tailwind after years of headwinds.

He upgrades Philip Morris (NYSE:PM) to Buy, with next week's Tobacco Products Scientific Advisory Committee review being a possible immediate catalyst.

He also upgrades Altria (NYSE:MO) to Buy, betting the company can halt the recent market share decline for Marlboro.

British American Tobacco (NYSEMKT:BTI) remains his Top Pick.

[philanderer] 19/1/2018 09:49

19th jan JP Morgan Caz overweight tp 5610p

reiterates

[call-logger] 17/1/2018 17:42

They had a chap from BAT on Radio 5 this morning

Will probably be in here if anyone's interested

[philanderer] 17/1/2018 17:24

'BAT’s Ploiesti plant could be candidate for new Glo production'

[philanderer] 16/1/2018 10:40

16th jan Citigroup buy

reiterates

[philanderer] 12/1/2018 16:28

Bacvk to where we were last friday night .

Strong £........


'Pound hits highest level since Brexit vote'

The surge to almost $1.37 came after Bloomberg reported that the Spanish and Dutch finance ministers had agreed to seek a Brexit deal that kept the UK as close to the EU as possible.

[philanderer] 10/1/2018 13:43

10th jan Goldmans buy tp 5500p

reiteration

[philanderer] 09/1/2018 09:58

Downgraded by DZ Bank to 'hold' from 'buy' tp cut to 4950p from 5535p

[pilgrim] 09/1/2018 08:10

British American Tobacco (L:BATS) said on Tuesday that new U.S tax rules would boost its earnings per share by 6 percent in 2018, all other things being equal, supporting its commitment to high-single digit earnings growth.

The maker of Lucky Strike and Dunhill cigarettes said the changes would also result in a non-cash exceptional tax credit as a result of the revaluation of deferred tax balances arising from the acquisition of Reynolds American in 2017.

[philanderer] 03/1/2018 17:34

'3 Tobacco Stocks to Buy for 2018'

[philanderer] 31/12/2017 17:52

Tobacco Stocks: What to Watch in 2018

[philanderer] 27/12/2017 14:17

xd tomorrow morning for the second interim dividend of 43.6p

[philanderer] 27/12/2017 14:03

Height Securities sees long road for nicotine regulation

Dec. 27, 2017

Height Securities delivers its 2018 outlook on the tobacco sector, with a particular focus on nicotine regulation.

The investment firm expects the FDA Center for Tobacco Products to issue a preliminary regulation on permissible levels of nicotine in tobacco products, but thinks finalized regulations are unlikely to occur in the near future.

"Ultimately, we continue to believe this will be a 7-10 year exercise," reads the Height update on permissible nicotine regulation.

[philanderer] 22/12/2017 14:01

LONDON (Alliance News) - British American Tobacco PLC said Friday Maria Oberlander, a person closely associated with Regional Director of the Americas Ricardo Oberlander, sold 6,000 shares at 5,000 pence each Thursday.

[philanderer] 22/12/2017 10:04

British American Tobacco opens the first glo store in Romania

[philanderer] 22/12/2017 00:02

British American Tobacco Expands in South Africa With Vape Deal

[philanderer] 20/12/2017 18:11

Top of the league ;-)


FTSE 100 - Fallers

British American Tobacco (BATS) 4,920.00p -1.50%
Shire Plc (SHP) 3,863.50p -1.44%
Unilever (ULVR) 4,125.50p -1.37%
Informa (INF) 724.00p -1.09%
3i Group (III) 891.50p -1.05%
London Stock Exchange Group (LSE) 3,750.00p -1.00%
Royal Bank of Scotland Group (RBS) 274.70p -0.94%
Rolls-Royce Holdings (RR.) 854.00p -0.93%
Lloyds Banking Group (LLOY) 66.57p -0.86%
Scottish Mortgage Inv Trust (SMT) 439.80p -0.72%

[philanderer] 20/12/2017 08:52

BAT to benefit from US tax reform, says Berenberg


Berenberg is predicting increased earnings at British American Tobacco (BATS) on the back of US tax changes.

Analyst Jonathan Leinster retained his ‘buy’ recommendation and increased the target price from £55.75 to £57.20. The shares edged 42p higher to £50.02 yesterday.

The tax reform bill which is expected to be passed by congress soon will lower US corporation tax from 35% to 21% from next year and while Leinster said the bill ‘raises a significant number of complications, few are expected to apply to BAT’.

‘Therefore, our assumption for the underlying group rate of tax falls from around 33% from 2018 onwards to around 27%,’ he said.

‘We have increased [our target price]…due to the higher expected earnings…caused by the lower US corporation tax. Our new target price implies a 2018 price/earnings of 17.6x and a cashflow yield of 4.9%. The cashflow is, however, affected in 2018 by the heavy expected cash costs of restructuring from the integration of Reynolds American.

‘The price target puts our BAT valuation in line with the average of the other international tobacco players.’

[philanderer] 19/12/2017 10:03

19th dec Berenberg buy tp 5720p up from 5575p

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Investment bank Berenberg reported that cigarette seller British American Tobacco (BATS) would benefit from the potential US tax cuts, saying it would increase earnings.

stockmarketwire.com

[philanderer] 08/12/2017 14:44

8th dec Jefferies buy tp 5900p

reiterates

[philanderer] 06/12/2017 23:50

British American Tobacco climbed 3.7 per cent to £50.28 after Japanese media reported that the government would raise tax rates gradually on tobacco used in heat-not-burn pipes.