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Predictive text, doh!
Contraception should of course read contraption.
Sorry.
Stargate, your system for being able to know about the future sounds fantastic. Does it have a name?
I could have done with that type of guidance all those years ago, when I bought BAT shares at 270 pence. Since then, dividends have continued to rain down, I soon recovered my initial investment through shareholder returns and soon after age 50, told my employer that I had no need to work anymore.
Without having the use of your contraception, there were no bullish pivots, or any outside bars to assist me. Perhaps just as well, because a few drinks might not be conducive to good financial decision making. I just concluded that BAT's future business prospects, as a cash generative business, appeared to be excellent. Cheap product to produce, defensive qualities against economic downturns, very supportive 'loyal' customers and holding a dominant position in a diverse worldwide marketplace.
My view is that long-term investment, mostly involves common sense, patience and having the right temperament to stay calm during market crashes. Many seem to vastly overcomplicate basic commercial concepts. Provide goods or services, which are needed or wanted by customers and do it in a manner that is better than others.
So in a nutshell Stargate do you see this continue to rise?
The technical Bar chart was effective in revealing the position today. The current weekly price bar is showing up to be a bullish outside bar, implying price expansion. The daily price bars, reveal an bullish outside price bar, on 11/3/24, followed by a short rally, for a few days ,however what is significant, is the formation of a 3 day bullish pivot, with today forming the higher high and higher low to yesterday's high/low. The day preceding yesterday had a higher high/low, than yesterday.
It will be very interesting to see whether the share price is more than £24 over the next few weeks and months. I hope that it will increase substantially towards £30. GLA
Great stuff, hopefully should bring the SP up somewhat. Bonkers the free cash flow BATS have with a progressive and well covered dividend at 10% yield. As good as you're gonna get for income investing.
Buybacks starting today, so that an average of 100,000 shares a day for the rest of 2024.
Stamp duty is a tax on share transactions in UK incorporated companies. The rate of stamp duty on shares stood at 1% before 1974, when it was increased to 2%. It was reduced to 1% in the 1984 Budget and further reduced in 1986 to 0.5%, where it has stood ever since.
Short Selling in Britain has been round for 300 years I signed the Peitition but it will make no difference.
People should really do some research instead of writing some lines on the subject they know little about.
I agree with this stargate.
Liquidity is one of the main reasons the US market is so successful. Stamp duty should be removed in the UK and the government should promote more pro-business rhetoric rather than using companies for cheap shots and extra tax.
Perhaps then we would end up with more Arm's, less Vodafones and BP would be flying.
These things always take longer than they should so probably need to wait at least a couple of months!
Any idea when buybacks will commence?
Is it just a case of legals and money dropping first so about 30 days?
The UK stockmarket, already has a problem, with equities, delisting and moving their listing, to the USA, largely as the result of short term government thinking, regarding how investment institutions invest. Short selling improves efficient price discovery, improves liquidity and positively impacts corporate governance. The committee on capital markets regulation report, states that short selling confers several benefits to both directly the capital markets themselves and indirectly to the real economy (capmktsreg.org). If short selling is banned, without a similar ban, in the USA, where most uk equities delisting, are moving, I am sure the usa stockmarkets, will welcome even more former uk business.
Signed
The chart, appears to show probable sp, support between 2350-2370.
Overhead supply from previous trading at 2400, could cause resistance to further immediate upside, in sp.
I calculate that the ITC stake if realised through sale, added to lowest BATS, would equate to a sp, of approx. 2600.
2740, if added from current BATS, sp. Apparently BATS, are focused on buying in equity, no doubt, to relieve the financial burden of the current high dividend.
The dividends have been set at a fixed amount per share (235p), so the current yield is just under 10% yield per share. Buying back shares with such a high dividend burden makes more sense than redeeming bonds unless any are over 10% yield (not sure but unlikely given the low interest rates for the last 15 years). The current low valuation also makes it seem a good idea.
Would have been better for long term holders if they used the proceeds to off debt rather than a share buy back grrrr
Commodity channel index, formed a bullish positive divergence pivot on 4/3/24, while the sp, fell. Yesterday sp, was a japanese spinning top, and also an outside day, confirmed by the high and low encompassing the high and low of the preceding day . The sp, today has confirmed bullish breakout by moving above the combined outside day and spinning top high.
The tobacco sector value today, has moved above the month time pivot, of 1/3/24, which i have recorded on that date. Very often the first trading day, high and low, of the sector, can provide the pivot for future direction of the sector, in the month. DYOR.
To test the 200 DMA by late March/April time. Hardly an exciting or radical call...although it seemed miles off within a few days of my saying it :)
My target here, as things stand, is a good deal higher, but no idea when that number will hit (assuming it ever does, of course). With a dividend like this, patience is more easily observed though.
What was your prediction LW?
Still on track for my prediction to come off...although not via the route I expected it to take, at the time I made that comment!
Feeling a little less foolish now. It will not last, but I will savour it while I can :) GLA.
To be fair, they've paused buybacks in recent years whilst interest rates have been high to pay off debt. If interest rates fall (which is forecasted) and debt pile and its interest is manageable why not recommence buybacks?
Nice one Tom! Nice rise so far to go with it!