Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Stock analysis update for BATS: https://www.youtube.com/watch?v=DVOqnJ10okY
Everyone seems to be focussing on the bad news in this morning's RNS. There was some good news. New Categories are about to break even, 2 years ahead of target. That is good going, and the rate it's growing bodes well for the future.
Dotlink, sounds logical what you say, but stock markets are not always logical. The £25b write down is a paper transaction and, along with a stated change in strategy, is being done to pre-empt higher future anti-cigarette regulation, thus their action should be perceived as accretive to BATS value as well but unknown by how much. So not definite that BATS sp will fall by full amount to reflect the £25b.... Time will tell and I'm Holding for now and may buy more when dust has settled.
Same here.
Xd in a few weeks and with Porch bashing it too ......!
Guitarsolo
I did exactly the same...sold some IMB and replaced with BATS top-up.
The big fishs are just buying/playing/betting with their clients money, if the sp goes up then more profit/bonus for them and if the sp goes down it do not matter to them they just buy more as they have deep pockets eg clients money and also buy other cheap shares to leverage to their advantage and keep their clients happy.
Market cap went from 56billion to 50billion because of the 25billion impairement, so net assets and equity will be down by 25billion, sp will be going down even more by friday or next week before ex div.
Well, all the small retail traders are selling while the big fish are buying. Just seen a 650k and 260k order, and some more earlier. I'm annoyed I bought at 2300, getting at 2250 would have been great. GLA!
FWIW, my view is that this was sold down from £28 with a view that an impairment charge on the US assets would be needed. We have fallen further on the realisation of that charge, and perhaps a knee jerk reaction by some. Sitting at MCAP and NAV equality, this cash machine looks cheap to me now. Should be in the £24 to £25 range IMO. DYOR
Upper Bollinger band on the half hour chart turned down at 10.30am, today , while the lower, Bollinger band fell. Often this implies a price bottom, within 10 price bars . If a price bottom is going to form on the half hour price bar , it should be expected by 3.30pm today at the latest .
"I am very concerned by the current valuations of many popular US stocks. A very large portion of the total market cap of the S&P 500 is concentrated in just a small handful of stocks. Even if they are good quality companies, valuation always matters at the end of the day. And financial history proves this."
That's exactly what has stopped me buying US or Tech stuff. So massively overvalued, imo.
Which is why Shares magazine last week suggested an S&P equal weight ETF might be a good idea. The idea is if the usual top 10 fall back, the lesser ones come into play and the fund will outperform compared to an S&P tracker. I'd link to the article, but it's in the magazine. It says research suggests that the more concentrated the top end is, the more it outperforms, because the top 10 are currently 31% weight, but only 2% in an equal weighting.
I'm considering it myself, because it seems a much better way to get diversity in the US market. The relevant tickers are EWSP and XDWE if the idea appeals and you want to research.
At about 2256p
Long-grassed again. Been going on for years, prob never happen.
I'm long, therefore I have a bias, and I'm underwater after today. My long reasons should surely mean I top-up today, but fighting the tape is never wise.
https://www.msn.com/en-us/news/politics/biden-ban-on-menthol-cigarettes-to-be-delayed-amid-political-concerns-officials-say/ar-AA1l45LI
All about the vote
“I think the Biden administration has considered a pause so they can get more facts about the unintended consequences. I also believe that the ill-advised timing of an FDA ban on menthol cigarettes will have a negative impact on how Black Americans vote in 2024,”
"Declining industry listed on a terminally declining index. Buy quality US growth every time."
BATS doesn't have all its eggs in one basket. More of a concern for me is the amount of debt the company has. However, it's businesses still generate a lot of cash and are not affected by the economy.
I am very concerned by the current valuations of many popular US stocks. A very large portion of the total market cap of the S&P 500 is concentrated in just a small handful of stocks. Even if they are good quality companies, valuation always matters at the end of the day. And financial history proves this.
Just whatever is cheap at the time.
Plenty of ftse stocks are a bargain with decent yields.
The Dow Jones is around 30-45% overvalued
I’ll be adding Divi from here into a Fund or ETF, not sure what yet, what have you been looking at Shaun?
This does look quite bad. However, bad news fades fast and we are seeing an ex dividend date in a couple of weeks.
Also, they just stated they will raise divi next year in sterling terms. Even at 58p that's 10% which I'll put into safer assets.
@hello, *** companies are not “ defensive “, menthol about to be outlawed and high dividend but you lose half your capital, pointless like the whole dog ftse 100
Far too much deb and if the US goes ahead with menthol ban these will be down another 20pc…typical dog index of the world ftse 100 dividend stock, high ( well before it gets cut ) dividend but you lose half your capital. Declining industry listed on a terminally declining index. Buy quality US growth every time.
Hi risk buy now, especially with China flooding market with cheap vapes, will bat's ever compete??
Adding at this level does make sense. BATS is well diversified company with business all over the world. Their products pipeline is strong and growing. Only thing they need to concentrate is to reduce debt first and profit will grow more faster with new products and lean balance sheet. Wait till dust settle before adding more. This company is not for short term , it's a long-haul flight if you ready to fly. In 5 years time it will be dividend growth machine which will prints you more money
Disaster of a share down over 30% this year. My average is 29.32 maybe time to cut losses. Nightmare 2023 continues
Disaster of a share down over 30% this year. My average is 29.32 maybe time to cut losses. Nightmare 2023 continues
Previously my only tabacco share has been Imperial Brands but I've wanted to diversify into something with a stronger smokeless business. Today has been that opportunity and I have sold half my IMB (dragged down ~2% today because of BATS) but bought BATS at just under 2300 plus costs. The yield works out slightly better after today as well.
Happy to have spread the risk and put feet in two camps with slightly better overall yield and hopefully a chance of a BATS rebound once today's non-cash adjustment has passed.