British American Tobacco Share Discussion Threads

[unnavailable] 05/8/2018 00:25

I was surprised yesterday that there was no reaction to that news. Maybe Monday ?

[philanderer] 03/8/2018 09:36

'British American Tobacco unveils latest vaping product'

[philanderer] 01/8/2018 14:19

MARKET ANALYSIS

WATCH: Stock pick — BAT

01 AUGUST 2018 - 09:46 BUSINESS DAY TV

Nesan Nair from Sasfin Securities chose British American Tobacco (BAT) as his stock pick of the day.

He said the worst was now over and it was currently sitting at more than R700 a share and the company’s recent results “looked really good”.

[philanderer] 31/7/2018 14:24

Good day for BATS and IMB :-)

[dbensimon] 31/7/2018 13:38

Is there a momentum ???

[philanderer] 30/7/2018 09:28

30th july Credit Suisse outperform tp 5250p up from 5200p


30th july Soc Gen buy tp 4800p up from 4500p

[philanderer] 27/7/2018 09:51

updated:

27th july Berenberg buy tp 4950p cut from 5340p
27th july UBS buy -
27th july Deutsche buy -
26th july Liberum buy -


26th july ++++ interims ++++

[dbensimon] 27/7/2018 08:24

Here we go again...

[jabberstocky] 26/7/2018 23:11

Anyone both long BATS and short FB?

[thanksamillion] 26/7/2018 18:54

Beware though, todays pricing produced a gap-up around 3950-4100 until that is closed the share price is at risk of a fall.

[ygor705] 26/7/2018 17:18

Definitely looks like a reverse head and shoulders on the chart now! BAT one of the worst performing FTSE 100 shares in first half of 2018 so lots of ground to make up.

[hubshank] 26/7/2018 14:34

I wondered if the ringing of the bell on the NYSE might see a further push up this afternoon. Given how the mighty Americans have given their approval to a new product.

[philanderer] 26/7/2018 13:57

Here you go Hubshank :-)



Jefferies:

EPS at 137.2p, c2% ahead of cons. (Jeff 132.9p; cons 134.8p). Org. operating
performance ahead of our expectation. Vols (heated & cigs) were -2.2% (Jeff. -0.4%), sales 1.9% (Jeff 1.7%; cons. 2%), EBIT 2.4% (Jeff 1.4%), margins up 40bps (Jeff -36bps). EPS FX headwind FY18 guided at 5-6% (we are at 6.1%). Continues to believe it can exceed £1bn RRP sales. Heated gets approval US. Further commits to another good year of ex FX EPS growth (we take this as HSD).

To like: 1. Robust organic sales delivery, in line with consensus. It was important that it hit or beat consensus here given that it still doesn’t have the contribution from heated really coming through [PM 1H18 sales at 8.3%]. If we adjust for the NAS inventory impact from last year then sales would have grown 2.6%.

2) Better margin delivery than we had expected although we guess this is more to do with phasing of spending with much of this skewed to 2H18. We still expect FY18 margins to be down.

3) Approval of its carbon tip heated tobacco cigarette in the US. This should help with RRP conviction and, importantly, means it will be first to the US market with a heated tobacco product (it already has one but it is the old version and is in very limited distribution). It remains to be seen how popular heated tobacco will be in the US but being first, and in a format we think will appeal more (a cigarette-like product as opposed to a device), positions it well.

Not to Like: 1) Pulling away from substantially more than £1bn in RRP sales. However, we think the fact it still hopes to exceed £1bn will be taken positively given the slowdown in Japan. Also, given that it did £427m in 1H18, we believe this will not prove too much of a stretch. 2) Cigarette volumes down 3.1% (we were expecting -1.2%). We believe this is likely more a function of the market slowdown but nonetheless it may cause some concern.


Citi:

We think this print is marginally disappointing given the miss on
NGP sales and the weak volume. The acceleration in 2H profit relies on better price-mix, as opposed to a volume pickup. The good news is that this is broadly in BAT’s control; the bad news is volumes are likely to remain disappointing. The NGP guidance assumes an acceleration in 2H, driven by new launches, both in heated tobacco and in e-vapor, and there has to be some uncertainty around this.

[hubshank] 26/7/2018 13:49

I am unable to open the FT article. Could you post top line of what the brokers have to say? Thanks in advance...

[philanderer] 26/7/2018 12:17

Couple of broker comments here..

[thanksamillion] 26/7/2018 12:12

I am only down 11% now, less 2% received in divis... so as a long term hold am only mildly disppointed - at the moment. Am sure I will fell better a year from now especially with that juicy dividend every three months.

[philanderer] 26/7/2018 12:07

Market report:

British American Tobacco had its best day on the market for nearly a decade. Shares rose 177p, or 4.5%, to 4150p after half-year sales leapt 57% to £11.64 billion. The group is hopeful of breaking the £1 billion revenue barrier for sales from vape and tobacco heating products.

[philanderer] 26/7/2018 09:41

🌞🍻👍

[this_time_its_different] 26/7/2018 08:52

Market is an irrational animal diseased by fear and greed. BATS is still cheap trading at £41, it's fair value right now should be £45-£48

[dbensimon] 26/7/2018 08:33

So overdue!!!

[2vdm] 26/7/2018 08:27

Just about broken even and I thought this was a defensive share!. Hopefully will stabilise from here and slowly recover.