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Should be good for the SP if it comes to pass.
Politicians need to leave adults alone to make their own choices. But it is the hypocrisy that really annoys me most though. The green agenda scam while they take private jets to climate conferences, feasting on the finest food and drink flown in from around the world etc.
Like our ones trying to introduce that smoking age law that just looks incompatible with...well the fundamental premise of the legal system itself I guess. Pragmatically, just a rubbish and unworkable policy anyway.
These tools all fiddle while our various Romes burn. Ah well.
Biden Administration Drops Plan to Ban Menthol Cigarettes:
https://www.wsj.com/politics/policy/menthol-cigarette-ban-explained-0c41df7a?mod=djemalertNEWS
"We have historically had success investing in companies transitioning from a focus on reducing leverage to enhancing shareholder returns, as they often experience a valuation boost post-inflection."
https://seekingalpha.com/article/4684261-british-american-tobacco-stock-has-the-potential-to-substantially-rerate
Drunkinestor - Were you expecting something in the way of a 'course redirection' ?
The script has been released in RNS updates.
Can’t spot anything that stands out particularly as course redirection.
No Opinion
RE: Mini Spike22 Apr 2024 22:42
Jefferies raises British American Tobacco price target to 3,300 (3,200) pence - 'buy'
And one year ago Jeffries gave a buy signal with a 4,100p target, since when the price made steady and consistent price drops. Not an ideal track record :(
Yes, the weakening pound.
All IMHO DYOR
Happy
Jefferies raises British American Tobacco price target to 3,300 (3,200) pence - 'buy'
Cheers Drunk
Market sentiment on hopes that recent events in the ME won’t turn into WW3 (rightly or wrongly). i.e the Israel response was not quite as gung-ho as feared it may be.
What spike? You must be on the wrong board.
Anyone know what is causing the upturn in the SP?
Eventually politicians created a way to grey market and corruption.
'...stupid and unworkable . can you imagine in the future, a 69 year old man asking his 70 year old mate, to purchase some ***s for him - it is laughable....'
I hadn't given this aspect much thought until I saw this, but an adult smoker will, for the rest of their life, have to produce some sort of ID as proof of age, until the day they die, when they purchase any tobacco product.
What. do you expect from politicians? They just. seek headlines - give little thought to the practicalities or the. consequences. . The. good brains are in commerce. or industry.
It's just 0.9% from UK and when you consider that to Vaping in UK which is on increase, smoking is going to be in rear view after 15 years so who cares for this election photo finish announcement. Better get this gem now and enjoy 10% dividend.
ora
''the likely ban of people born from 2009''
stupid and unworkable . can you imagine in the future, a 69 year old man asking his 70 year old mate, to purchase some ***s for him - it is laughable.
B182
''what you think the SP will go to short term? ''
I never think short term, only to when the market will eventually value a business (in this case BATS) at a more realistic valuation ( and not at a way way way undervaluation) - time to do that is immaterial with the fantastic dividends.
"does anyone here have a rough idea of what revenue the company gets from tobacco sales in the UK?"
Very Little. North Africa & Europe account for 22.8% of total sales. And I imagine UK is far lower than places like Egypt.
But what they do sell will be very profitable. There's so much tax on UK tobacco products, that the product cost is tiny.
I can't see in the BATS reports but does anyone here have a rough idea of what revenue the company gets from tobacco sales in the UK?
Given the likely ban of people born from 2009 there will be no affect now but interested if anyone has an idea on how much of a market this is for us?
First time poster on this board
I've just topped up - just shy of 3000 shares at £23.10. Hoping to get this to 5000 shares in my ISA
LTIN- what you think the SP will go to short term? (Possibly after Interims)
Some at about 2267 p
Up to 40% of my holdings now, only so large because.
1. cashed out on most other shares as needed the money.
2. averaged down a bit with another 200 shares today as think this has bottomed, it seems to have hit this low several times over the last year but I could be wrong
Cheers pal. Yes so true! fingers crossed inflation does start to drop!