Share Name Share Symbol Market Type Share ISIN Share Description
British American Tobacco Plc LSE:BATS London Ordinary Share GB0002875804 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  3.50 0.11% 3,119.00 286,718 09:39:38
Bid Price Offer Price High Price Low Price Open Price
3,118.00 3,119.50 3,121.50 3,097.00 3,118.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Tobacco 25,684.00 9,163.00 296.90 10.5 71,558
Last Trade Time Trade Type Trade Size Trade Price Currency
09:39:37 AT 142 3,119.00 GBX
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Imperial Brands (IMB)

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BATS is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 
 BMO UK HIGH INCOME TRUST PLC 8.22% 2022-05-31

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Date Time Title Posts
03/2/202307:11British American Tobacco6,076
04/8/202215:08Recent broker forecast 3
02/1/201921:29British American Tobacco (BATS) One to Watch on Thursday 1
14/11/201409:11British American Tobacco - HOW MUCH HIGHER208
15/10/201414:40TipTV: What would Maria Psarra do with BATS?-

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Posted at 03/2/2023 08:20 by British American Tobacco Daily Update
British American Tobacco Plc is listed in the Tobacco sector of the London Stock Exchange with ticker BATS. The last closing price for British American Tobacco was 3,115.50p.
British American Tobacco Plc has a 4 week average price of 3,012p and a 12 week average price of 3,012p.
The 1 year high share price is 3,645p while the 1 year low share price is currently 2,915p.
There are currently 2,294,245,327 shares in issue and the average daily traded volume is 2,846,466 shares. The market capitalisation of British American Tobacco Plc is £71,534,569,295.86.
Posted at 01/2/2023 04:51 by kiwi2007
Snippets from todays LEX column

......cigarette sales are declining in the US. This is BAT’s largest market, contributing about half of sales and operating profits. Moreover, BAT is ceding market share to rivals there. Analysts forecast BAT’s US cigarette revenue will grow at an average compound rate of just 2.3 per cent through 2030, probably less than inflation........

Cigarettes should nevertheless continue financing a steep 7 per cent dividend yield, at least for the next few years. Lex values future payments on the conservative assumptions including long-term growth rates of just 1 per cent and long bond yields of about 3.3 per cent. We think BAT is worth about £33 per share today. That is 6 per cent higher than the market price. (when written).......

3.Lex charts showing:

1 The cigarette maker has lost market share in the US for its most important product.

2The US and cigarettes still generate the bulk of cash flows which more than cover the dividend.

.3 Over the last two years, BAT’s share price has trailed those of its rivals.

This assumes non-combustibles will not make a serious contribution to cash flow until the latter part of this decade.

In time, BAT may be able to split off its cigarettes business. The longer it takes, the nearer complete runoff will be and the lower the value of the business. Comin needs to ready combustibles for an independent future.

Posted at 31/1/2023 11:02 by redbaron10
BATS cleared out a whole tier of management a few years back and it certainly hasn't seemed to affect the profitability and running of the business.Leaving Russia has forced many businesses to review global operations and i'm all for more streamlined,efficient is usually beneficial to shareholders.Although does anyone know if the buyback shares of BATS are cancelled or are they retained in inventory for share bonus schemes for management as performance incentives as Chevron might do with their $45bn buyback?
Posted at 26/1/2023 20:05 by redbaron10
Yes IMB had to write down, retrench and scale back after their failed foray into NGPs a few years back also, under Cooper's leadership.Even BATS are going to need another couple of years to break into decent profit with their stick alternatives.It can be a costly business in the dash for growth if you get it wrong with the regulators.We do need a commencement of buybacks here just to arrest this drift downwards in the share price I hope they're no nasty surprises in the 9/2 report.Diageo saw a slowdown in growth in the US market today and the market was unforgiving.
Posted at 25/1/2023 19:21 by wunderbar
For the past few weeks one could argue there's been an air of inevitability BATS will drop below 3000p at some point. Today it closed at 3059p having briefly touched 3019p and is down 8% this past month. And somewhat disappointingly fallen 16% since hitting its year high 3645p last June. Clearly sentiment has turned negative again.

What's causing this negativity? I'd hazard a guess and point the finger of blame at the ongoing uncertainty surrounding FDA's proposal to ban all sales of menthol cigarettes in USA [representing 20-25% of BATS operating profits]. If I'm not mistaken a final decision is due this year. It's widely acknowledged even if this decision goes against tobacco companies the process of making it federal law will be delayed by years of litigation and lawsuits. The tobacco industry will unquestionably fight long and hard to preserve the billions of profit generated by this segment and won’t hesitate in spending tens of millions in legal fees to thwart such change. With this in mind, assuming a ban gets the go-ahead, I can’t see it coming to fruition for at least 3 to 5 years given the lengthy legal battles which will ensue.

On same topic, anyone remember 12 November 2018? That was the date reports first emerged claiming US regulators were planning to ban menthol cigarettes. BATS subsequently fell 10.5% [down 350p] to 3314p. The fallout was savage, within three months the share price had collapsed to c.2400p. Begs the question, how will the share price react to a definitive ban. Can Next Generation Products fill such a void.

Having sold 30% of my holding almost exactly one year ago c.3200p I'm now very tempted to buy back those shares, but only at the right price, preferably sub 3000p [12 month low was 2938p back in March followed by a sharp rebound]. With the FTSE overcooked and nearing record highs I wouldn’t be surprised to see it tank 400-600 points in coming months and worry BATS [which isn’t far off its 12 month low] might fall a lot further. Key resistance level for me is 2950-3000p, I’m looking to buy in this price range. The current dividend yield of just over 7% should offer a certain degree of protection to investors, or so you’d think. Perhaps the tide will turn on 9 February when BATS announce preliminary full year results.

On a final note, many broker price targets for BATS seem to be at odds with the current share price [and have been for some time]. Truth be known many of these targets are complete load of tosh, overly optimistic and above all else completely unrealistic. Take Barclays for example, on 12 Jan 2022 they set a TP of 4500p, the reality was a 12 month high of 3645p. One of the biggest culprits continues to be Jefferies. On 19 August 2022 [sp c.3450p] they upped their price target from 4300p to 4500p, and more recently upped to 4700p [pure fantasy]. The only chance of BATS hitting this level in next 12 months will be if FDA drop proposed ban on menthol cigarettes and/or BATS NGP sales have gone through the roof. No doubt months from now they'll gradually start revising their target downwards to save face. Absolutely pathetic.

Posted at 24/1/2023 10:00 by redbaron10
By my rough calculations if Jefferies the rating agency reckons BATS is going to reduce buybacks to £1bn instead of the £2bn of last year it still means BATS will be buying back roughly 125k of shares daily instead of the 250k (that's assuming an average price of £33 per share).Obviously if the share price is below that they will buy a few more
Posted at 24/1/2023 07:57 by muscletrade
I believe the shadow over BATS right now is the question on menthol cigs in the US which is a large part of BATS US biz, When BATS they made appeal to the Supreme Court late 2022 (When the SC allowed California to ban menthol)they said it would have significant financial implications) The SC ignored this and allowed the ban. reduced cigaret sales in the US has been an ongoing issue for years and is offset by higher prices and the company know how to deal with this and their progress on Vaping is good. It's the menthol issue that's the problem.
Other issues not helping like the recent improvement is sterling and bonds being more attractive etc.

Posted at 18/1/2023 13:28 by topazfrenzy
Inflation will surge again as oil does, globalisation is on the way out and everything is going to cost more going forward to inc, this 2% target central bankers are set is fantasy going forward, unless they push the world economy into a depression.

Back to BATS, the board will have to restart the buybacks to stabilise the share price and EPS, in addition to the paid dividend, which will likely stay very close to what it is now I am guessing, maybe a 2% increase?

Posted at 07/6/2022 08:10 by redbaron10
Oh well,so much for my theory of the ftse dipping on political instability here and a possible change in PM after a confidence vote.We live in strange times where news like that doesn't even move the market here.Either the market doesn't care what politically happens, or the economy and markets are being kept afloat by commodity prices globally, and the weak pound is helping exports.Nice rise again today so far.No real pullback in BATS share price which is a pity as i would like to buy some more but saying that price strength going into an update is good.The exit from Russia is the only real concern on earnings but the NGP growth story should offset the negatives there,hopefully.
Posted at 19/2/2022 11:11 by redbaron10
I agree with your assessment of £40 but everything will have to pan out perfectly imho.If the momentum in NGP revenues continues and the growth in the user base of these products carries on as in BATS guidance forecasts, then this certainly helps big time pushing the share price higher.Markets love growth stories.Fully mature,stagnant growth industries or sectors will remain unloved now that technology shares have arrived that offer dynamism, and huge upside potential, despite the risks.Younger fund managers and investors find growth and new industries and technologies a lot more exciting as an investment, so this will become historic and will always work to the disadvantage of companies like this.However saying that if oil prices and consequently inflation remain high,or possibly goes even higher,then value high yielding stocks like tobacco will stay in demand.My one fear is that central banks are beginning to take active steps to raise interest rates and they hope by doing so to quell rising inflation.I don't know the answer,but if the FED raises rates as aggressively as the markets think they will do, then a lot of the inflationary pressures could disappear relatively quickly thus limiting in my view the prospects of the share price here rising much further.We as investors here,have ridden the rising share price tide, thanks in large part to the good results, but also in no small measure thanks to the switch from growth to value stocks because of inflation.The inflation element giving the share price a rise here will not always be there if central banks quickly control inflation.I don't know to what extent the wish and desire is, of central banks to get a firm grip on inflation.Is this switch from growth into value shares a temporary or 'transitory'thing, or is it more permanent? Do you stick or twist buying more stock here? We know the share buybacks will maintain a floor price for the shares to some degree,but will investors disappear here when inflation recedes? For the moment we can adopt a wait and see approach imho.GLA holders
Posted at 11/2/2022 22:08 by redbaron10
Imho if oil keeps rising, and inflation stays at these elevated levels of 7.5%, then BATS share price momentum will continue.We won't get another US CPI figure until next month, and the FED isn't raising rates until March, so we can continue in the sweet spot we're in here for another month.We have the tailwind of very good results behind us so gradual gains are still to be had.If Russia invades Ukraine or a nuclear deal with Iran comes about to release extra oil onto the market then a re-evaluation may be necessary.Always intending to hold for the dividend income but with buying interest still apparent i might re-invest my dividends here.Especially post the results today.
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