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Just sold my Shares, slight gain with the dividends Hopefully it will go back down before it goes Ex so I can buy back in
Nothing like repurposing a spare investment into cold hard cash if BATS were to lighten its shareholding in ITC Limited as foreshadowed by the CEO today. Heap good medicine either for net debt, share buy-backs and would underpin the deliverability of future divvies to all the naysayers
Well, Livermore did make fabulous wealth...apart from when he went broke three times. Then shot himself dead a few years after the last bankruptcy. Absolutely agree though that his was a fascinating life, from what I have read.
IMO, Lynch and Buffett have a more impressive track record, by quite some margin, however.
NervousNelly, healthy scepticism , one thing , but some reading of Charles Dow theory, might remedy your scepticism. Surely you have heard of the famous Dow market index named after the famous originator of the theory Charles Dow. It seems odd that your reading has not extended to the Dow book, after more than a century after publication. Dow was the father of technical analysis , enabling famous and fabulously wealthy speculator Jessie Livermore, to profit from equity chart methods. No doubt you will approach the Charles Dow theory, with the acquisition of his time honoured and hallowed scriptures, in great reverence.
Excellently said, NN. I'm in 100% agreement. They always come up with (so-called "clever") explanations as to why something happened with this absolute garbage. After the event, Never before.
They are just revealed to be amateurs, time and again. Fundementals rule. This gobbledygook - designed to make them look clever - if BS.
Really don't wish to be rude, but what does all that mean? The share price has moved today as a reaction to the FY results, not because of any make-believe trigger a chartist has made up?
As to how this affects the sentiment going forward from a chartist POV, surely this real news is the catalyst for future movements, not some theoretical witchcraft. Basically you're saying it's bullish because it went up. Wouldn't that news have been more useful yesterday?
Tobacco sector largest % riser today , and the entire rise was attributed to BATS. The large down gap of 5/12/23, has now been recovered, and both the tobacco sector chart and the BATS chart, have broken above the secular, three point downtrend, which originated on 20/9/23, which removes the former bearish trend. In the circumstance, the sp, congestion from 6/12/23, can now be viewed as a period of bullish accumulation.
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