British American Tobacco Share Discussion Threads

[this_time_its_different] 30/8/2018 10:02

Well I think it makes more sense to buy the stock now at £38, than to have bought it at £52. One is a case of oversold and the other is a case of overbought.

[thanksamillion] 30/8/2018 09:59

"Trust me" now there's a phrase to watch out for!

[this_time_its_different] 30/8/2018 09:44

Keep the faith, bottoms are formed when people see value, whoever is going to sell has sold now. I don't see many people who got in over £42 panic selling now, since they would have got out way before it went under £40. Fear is your friend, it serves up bargain purchases. Once the stock moves back up, we will never see 30s again, use this opportunity to top up. Trust me when I say, this stock will be past £48 this time next year at a minimum.

[thanksamillion] 30/8/2018 09:29

Horrible chart here - looks like repeat of May 13 - Feb 14 and 3100 target.

[this_time_its_different] 30/8/2018 09:28

This is the bottom (I hope, ultimate pessimism in BATS, the pendulum has swung. This stock should rally once it gets momentum over £40, then I see it smashing past £44 with ease.

[philanderer] 30/8/2018 00:18

Goldmans keeping the faith , reiterating 'buy' and tp 5350p on wednesday.


updated:


29th aug Goldmans buy tp 5350p
24th aug Jefferies buy -
10th aug Barclays overweight tp 5000p
30th july Soc Gen buy tp 4800p
30th july Credit Suisse outperform tp 5250p
27th july Berenberg buy tp 4950p
27th july UBS buy tp 5650p
27th july Deutsche buy -
26th july Liberum buy -


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

[this_time_its_different] 29/8/2018 17:58

Wait until the recession comes, people will jump out of FANG onto defensives like BATS and Imperial. Still I don't understand how this stock moved from £52 to £36, given half the world smokes like chimneys.

[philanderer] 29/8/2018 14:19

BAT Press Office
‏
Verified account @BATPress

5 hours ago

BAT Press Office Retweeted Reynolds American

Reynolds American Inc. has been certified as a 'Great Place to Work' for the 2nd consecutive year! Congratulations to all our @RAI_News colleagues!

[this_time_its_different] 28/8/2018 14:58

Hopefully this is the bottom and the stock can rebound past £40. Looks like we had a near double bottom, the pendulum has swung towards fear, we need a push past £42 and we should enter greed again.

[bothdavis] 27/8/2018 14:36

Thanks very much ianboyle.....

[ianboyle] 27/8/2018 13:22

bothdavis; I'm only a hobby trader so I stand to be corrected but I assumed the drop began due to the news "Jefferies reaffirms its buy investment but cuts price target to 4900p" thats been sited on Friday. Negative news blipped it down slightly but enough to hit a lot of stops that were strategically placed in the gap formed on 26th July, stopping trades out and opening other short seller trades for those that trade around gaps. Tomorrow will verify, either more negative news to explain the drop or it'll rebound above gap support again.

[bothdavis] 26/8/2018 19:48

Anyone know why the drop of share price on Friday?

[this_time_its_different] 25/8/2018 09:11

Altria just raised their dividend 14%, has the market been drinking again?

[philanderer] 24/8/2018 21:38

Here we go..

Jefferies today downgrading Philip Morris and Altria Group to 'hold'.. citing slower adoption of “reduced risk” tobacco products than previously forecast.

Reiterated BATS and IMB as 'buys'...BAT has the first-mover advantage in the US vapour market, IMB also well positioned .

[philanderer] 24/8/2018 21:17

Lower again stateside, closing @ 3910p

[philanderer] 24/8/2018 17:31

It's a sh*te performance however way you look at it this year...

today -3%

last week -6.5%

for 2018 -22%

[thanksamillion] 24/8/2018 16:32

BATS Coppock still going down.

[philanderer] 24/8/2018 14:11

cable = 1.2855

[philanderer] 24/8/2018 09:43

Not looking like it's going to hold that 4000p . Getting dumped again this morning.

-5% on the week so far.


'Tobacco, alcohol manufacturers to see 10% sales tax'

KUALA LUMPUR: While it was reported that the Malaysian government will keep the current excise duty rates on alcohol and tobacco for 2019, tobacco and alcohol manufacturers will be imposed a higher sales and services tax (SST) when it makes a comeback next month.

According to a guide on proposed sales tax rates for various goods prepared by the Royal Malaysian Customs Department dated Aug 16, 2018, manufactured tobacco and spirits will be subject to a 10% sales tax.

[speedsgh] 22/8/2018 10:23

Look out, cigarettes have a cool young rival -

Vaping may be a sensible way to wean smokers off the real thing but we’d be mad to give it an unqualified thumbs-up...

[philanderer] 21/8/2018 09:59

British American Tobacco: Jefferies fears price war


Jefferies is concerned that British American Tobacco (BATS) has not committed to price rises for its Glo heated products in line with its conventional cigarette products in Japan.

BAT has applied to raise the prices of its cigarettes by 30 to 40 yen, as higher taxes in the country are set to come into force in October.

Rivals Japan Tobacco and Philip Morris have also applied to raise prices on their cigarettes by 20 to 40 yen and by 50 yen respectively. But while they have also applied to hike the cost of their heated products, BAT has not yet done so for its Glo range.

Jefferies analyst Owen Bennett, who rates the shares a ‘buy’, said BAT would be ‘unwise’ to maintain Glo prices at their current level.

‘While this may support in its aim for “significant growth in market share” in heated in Japan in the second half of the year, this could trigger a potential price war,’ he said.

He argued this would ‘only accentuate’ investor concerns over tobacco companies’ performance amid the move to ‘next generation’ products like e-cigarettes and heat-not-burn devices.

[philanderer] 20/8/2018 14:08

British American Tobacco Japan has filed for approval from the Finance Ministry to raise its tobacco product prices in line with the planned tobacco tax hike on Oct. 1, informed sources said Monday

[scobak] 15/8/2018 21:10

Oh good. Lets make some money then,TTID. We should take these opportunities.

[this_time_its_different] 15/8/2018 16:21

Bloody turkey, bringing the whole market down, even stocks which have nothing to do with turkey.

[this_time_its_different] 15/8/2018 14:46

2% down while the pound dollar is at 1.269, it makes no sense. This stock should be much higher, I would pile in now, wait for that dividend raise and then collect that 6% divi.