Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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BATS Preliminary results for the year ended 31 December 2023
I dialled into the the post results presentation. Tadeu Marroco, Chief Executive gave a boring overview followed by even more boring detail from the CFO (Javid). Good cash flow, dividend up (2%) but less than inflation , cigarette sales down (mostly USA), but Non-Combustibles (Vapour, Heated Product and Modern Oral) sales were up 13.6% (constant currency). Difficult to get very excited despite their attempts to make their clear vision to "Sharpen Execution" in a world market wanting more nicotine. If that was not enough the CEO came back and tried again to enthuse us. That was 40 minutes of telling us how much they were doing and how much there is to do to keep shareholders happy.
Then the analysts questions but OMG the execs gave long winded answers.
I hold them for yield, they are doing that safely and I can sleep at night. Other holding have to provide the growth to beat inflation.
Great results in my view. Debt is down, dividend is up, revenue is holding up very nice giving high confidence of continued high generative cash flow going forward.
No where else are you going to get double digit yield with this very low level of risk. A screaming buy.
A lot of blood on the carpet today from the shorters here.
GLA onwards and upwards
Hope, I’ve followed your logical posts. It is unfortunately lost on the masses.
Good luck,
Finlay
If does drop as some people hope I will be buying more.Dividend announced for year SP drops yield is higher .Revenue stream Profitable which I think many miss.Long term view which many missed ITC and CEO aim to return shareholder.I honestly think people need to read the RNS most was forecast nothing new which we did not know about Just review my earlier posts on ITC.
I agree with Craigb and a near 10% yield. You can`t expect double digit growth on top of that yield.
I like the debt reduction, which should lead to extra returns in the future? Still a 10% divi.
I hold for the divi.
Not bad at all. The bad news we knew about. New categories showing a profit & future tail winds to come.
However I'm here just for the divi - a 2% increase just doesn't cut it for me - that's a significant real-terms cut. The progressive dividend turned out to be regressive. Don't think that will go down well.
Generating cash hand over fist & reducing the debt.
Not that bad, writeoff we knew about, increase in Divi, Organic growth and non combustibles in profit.
Badly as usual. Not sure how this is going to get back to £30. When rates are cut?
Doesn’t look good. Will be interest to see how market reacts.
Well let’s see what tomorrows results bring, could be another colossal dump in the share price.
And yield is close to 10%. I'm tempted to jump back in now
Hmm seems no-one wants to be anywhere near this stock...I smell a bargain here!!
Double bottom was reached 25th Jan @2292.....upward curve and still rising, what's not to like👍🥳
The two tobacco companies , BATS and Philip Morris, have made a settlement, regarding vape, patents. The settlement, means, no further dispute on the issue of vape patents . BATS, sp, was up on the news.
Interesting Hargreaves Lansdown 6 December 2023 (Correction) and that is outdated information now. Volatility is a term used when the market is uncertain today RNS suggests otherwise. Also, H/L did not consider the British American Tobacco Portfolio (ITC etc). The Impairment is over 30 years of the market value at this time BATS decided to add the impairment.
With comments " HL say weakness means still work to be done expect volatility" Green Box
With British American Tobacco research plenty of material out there.
Interesting Hargreaves Lansdown 6 December 2024 and that is outdated information now. Volatility is a term used when the market is uncertain today RNS suggests otherwise. Also, H/L did not consider the British American Tobacco Portfolio (ITC etc). The Impairment is over 30 years of the market value at this time BATS decided to add the impairment.
With comments " HL say weakness means still work to be done expect volatility" Green Box
HL say weakness means still work to be done expect volatility
Bit of a newbie here, is this worth investing? I see the SP is pretty much at an all time low, so could be a good time to dive in?
The volume of shares traded 15/12/23, was 21.2 million, on a down bar, for that day. The high price on 15/12/23, was 2343.5, and today low, so far has been 2344, just above the 15/12/23 heavy volume price bar. The sp, made a pivot high of 2361, the day before, 14/12/23, the heavy volume down bar. Sp, today so far has briefly rose above the pivot high, but requires to close above 2361, to confirm upward trajectory.
I normally buy my cigs in cartons as in ten packs at a time and noted they’ve gone up from £13.70 to over £14 a pack in the last few weeks, did I hesitate to buy,no because it’s like a pint or a gallon of fuel,we just pay it.
Therefore I suggest tobacco is a captive market plus all the news about banning disposable/flavoured whatever vapes suggests to me the NGP’s with the big two here are quite happy to see some competitors stand aside or lose out to the majors and thereby keeping the entry levels to the business high.
Still adding under 25 on income longterm,short term doesn’t interest me but good luck to the traders here.
BATS has a lift today from the fall in gilt yields, looking for it to break and hold 2390-2400 area, then dare I say it we might be out of the woods.
Tobacco sector is second highest positive %, sector rider today , after top riser fossil fuels. Tobacco sector chart sp, has broke above resistance at 27000. There is a falling trendline, at 27600 which requires to be overcome, before further upside progress . BATS, requires to get above resistance at 2372, but the tobacco sector chart provides some confidence , that it may do so soon. DYOR.
Dent is supposed to be DEBT. Typo mistake.