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Agreed Shaun, BATS SP drop has been strongly (not entirely) driven down by high interest rates. News yesterday of inflation falling to 3.9% should put pressure on BoE to lower interest rates early in 2024, which should have positive force of BATS SP. Returns of 6-7% from dividends will be considered attractive.
A dividend here at nearly 10% yield with PE hovering around 6 is a gift.
Well the small drop today shows there's is a lot of support, I think this is the bottom. BATS is like a bond ETF, as rates drop SP will rise and we can expect 6-7% again.
Lol yes my £50,000 of shares will really turn the markets. I was actually proven right to do it.
Sharesaplenty your point on the 2 other posters saying the ditched Bats before the ex-dividend date is important. The point you make about Stamp Duty and trading fees is important.
British American Tabaco is a UK Dividend Aristocrat. It has paid a constant dividend for 25 years. The 2 people who say they have sold I have Green Box them. The reason they come on the board is to scare people.
I also bailed out this morning. I missed the opening high but still got the 23.50 that I was hoping for to give a small profit. Will wait and see how the SP moves in the next two days but if it sheds around £1 I may buy back in.
M
Excluding stamp, sold early doors today though so the fallback and any further fall just plays into me derisking. Strong share to hold though, after ex div day
That 3.3% include or exclude the stamp duty and trading charges to reacquire whatever position you reliquinished?
Got out this morning, the drop tomorrow and Friday should be greater than the 3.3% divi. Lets wait and see.
If average true range, is assumed to represent normal random volatility, then adding that measure to the lowest close, gives 2332, which was breached for only one day on. 14/12/23. Unfortunately sp, fell back below that level subsequently. Basically 2 day close above 2332, is required , to consider buy. The highest volume, for a year brings confidence that aprice bottom has formed. This the ninth day , since the large measuring bar Japanese candlestick, and price formations after a measuring bar , can take 26 days to break out. The top bollinger band beginning to drop, was 4, days ago, implying a price bottom within the next 6 days. Price projections are 2400, bottom of overhead supply, and 2500, falling down trend line .
Hoping for £23.50+ before Wednesday close. Seems very quiet though this week…
BATS will be beneficial from ITC hotel business demerger. They can use ITC stake to reduce debt next year plus going forward low interest rates environment will help BATS
https://m.economictimes.com/markets/stocks/news/itcs-largest-shareholder-may-consider-reducing-stake-after-stock-doubles-in-2-years/amp_articleshow/106046980.cms
At the close there was a massive amount of "grey" trades.
The fundamentals now read:
# of Trades 16,667
Vol Sold 1,401,776
Vol Bought 10,100,852
This morning there was only 1mil purchased.... Looking good!
"AMSTERDAM, Dec 15 (Reuters) - A court in the Netherlands on Friday ordered British American Tobacco to pay a fine of 107 million euros ($117 million), and said it owed back taxes on 1.8 billion euros in profit."
DYOR etc.
Best wishes all
Yesterday, Japanese doji, candlestick, as I suspected, represented a price pivot, with today sp, dropping below the doji, low of 2333. The odds would seem to favour a higher low, than the lowest low, of the last few weeks. The top Bollinger band turning down, appears to be bringing about the forecast price bottom with 10 trading days.
Hopefully 2300 will provide support now, it's the .7 fib pullback from the 22.75 to 23.87 run.
Well, nothing it going to change overnight, people have been smoking in Europe for 500 years. The NZ ban just failed, I have no idea how they'd enforce it in the UK. Plus look at immigration, over 1% of total UK population last year, incredible!
A lot of them will smoke. There is a lot of fear, and buy when other's are fearful I guess.
Further regulations on vapes will eventually come into play and BATS are hoping to increase their market share in vaping products to replace declining tobacco sales in the U.S.A. Cant see this happening as there are many other Companies producing vaping products at cheaper prices. I can see the S.P. decling further although the regular dividends will continue. Not sure if the dividends will increae though as profits get smaller. This is My long term view as seen in the steadidly declining S.P.
If you are an income investor this is a good buy - there is no dividend in the ftse more. secure than this. I travel a lot and am continually surprised just hw many still smoke. I was in Morocco last week and the ratio is 1 in 4 males. smoke - and. most appear to be young, so the likelihood is that. they they will continue. to smoke. In Greece. it is 1 in 2 males - then. think of. India, China, Russia, Africa - a whole lot of. smokers there.
so, i have been eyeing bats up all year trying to decide if i want to buy in. their cash on hand looks good, excellent dividend and the share is trading fairly low currently.
however, i feel the industry is in decline long term and there's a possibility that the share may drop further. half tempted to get in for the divi, then see what happens.
bulls and bears, you opinions? am i talking out of my ****?
Not before ex div it won’t
I subsequently examined the weekly BATS, chart, and notice that when a weekly Japanese candlestick, remains fully above the lower, Bollinger band, this often implies a price bottom is being reached, so it would appear unlikely that if a retracement, is made that it will breach, the most recent lowest low.
Tobacco sector chart requires to close above 26,853, to restore the previous higher low, and BATS, similarly requires to close above the higher low of 2703, to provide some confidence that there is no downtrend, in place. Today was a price gapup, resulting in a Japanese doji, candlestick, small body (close-open), in relation to the height of the candlestick. The doji, especially at peaks or troughs, can often represent the high or low of a movement. The upper Bollinger band turned down today, while the lower band fell. My experience is that this phenomenon, often results in a sp, bottom, within 10 trading days. The high and low of the doji, will decide which direction price goes.
Can you really not look that simple thing up for yourself?
If you look on the Bats share price link on this very site and read down a little bit, it's paying around 9.64% divi, which should be safe for a good while.
https://www.lse.co.uk/SharePrice.html?shareprice=BATS&share=British-American-Tobacco
Ooh look, it puts you on the page you were on when you replied.
🤣👍
Just a quick question are bats still paying dividends cheers all