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Tobacco sector chart requires to close above 26,853, to restore the previous higher low, and BATS, similarly requires to close above the higher low of 2703, to provide some confidence that there is no downtrend, in place. Today was a price gapup, resulting in a Japanese doji, candlestick, small body (close-open), in relation to the height of the candlestick. The doji, especially at peaks or troughs, can often represent the high or low of a movement. The upper Bollinger band turned down today, while the lower band fell. My experience is that this phenomenon, often results in a sp, bottom, within 10 trading days. The high and low of the doji, will decide which direction price goes.
Can you really not look that simple thing up for yourself?
If you look on the Bats share price link on this very site and read down a little bit, it's paying around 9.64% divi, which should be safe for a good while.
https://www.lse.co.uk/SharePrice.html?shareprice=BATS&share=British-American-Tobacco
Ooh look, it puts you on the page you were on when you replied.
🤣👍
Just a quick question are bats still paying dividends cheers all
I'm very happy with my recent top up that will yield over 10%, with a progressive dividend. As interest rates fall we should see a correction in the BATS share price, back up to over £30. Will take a while though. In the meantime I'm happy to collect dividends. All IMHO lol. Merry Christmas.
The Dow and S&P are now severely overvalued
Would not be surprised to see them both fall by about 60% or 70% over the next few years
Lol
This is and was a divi trap for any people. Smoking has had its day, and every man and his dog is making non combustables...
I feel this has a long way to fall to reach true value in the current and future market for its products. Gla
Bit of a turnaround in the US. At last.
Yes, sorry, the bond ETF's I was referring to are going ex div.
Shaun, it's ex-div on the 21st not tomorrow: https://www.bat.com/group/sites/UK__CRHJSY.nsf/vwPagesWebLive/DOALSC3V
BATS, even with dividends is pretty much under performing everything currently, and has been doing so for a long time.
EVEN CASH!
The VWAP even from JAN 2019 low is £29.21!!
If you adjust for dividends, it's £24.30.
Even with dividends, in real, inflation adjusted terms the current share price represents an average loss per share of 30% from the average price purchased!
Not only that, it's gone sell on the weekly MACD, it's sell on monthly and daily.
It's even underperforming bond etfs, which have had their worst returns on record.
Clearly institutional support is being reduced.
I unfortunately have a far amount of BATS in my portfolio, because I fell for the dividend and am down about 15% including dividends. Now I ask myself, sell now and buy bond ETFs on their ex div drop tomorrow, or hold? I think the former.
All income stocks have been hit by the increase in Gilt yields. Why get 5% yield from BATS when you can get 5% on a 2 year.
But things have changed now, the bonds have already turned up and the shares haven't noticed yet. Sentiment is continuing the decline...
.....until it doesn't
When Gilt yields are 1% again, I doubt BATS will be yielding 10%.
It's tough building a position in BATS and VOD here.
Porch1936 why did you buy them in the first place then when all you bang on about is UK dog index for years? You constantly state nobody buys UK stocks...well clearly you did?
Wow, dumped this at 32 thank god, getting out of all capital destructive uk dividend stocks, its turned into the same shyte Imperial is, will end up in the teens with dividend cut just like they did, doesnt help its listed in uk dog index of the world, if they moved listing to US would prob add 15pc instantly.
Not to see upward trend. Ex div day next week isn’t it?
Looks like bear flag to me.
Price pivot high is 2317, and Japanese doji candlestick high of 2336, each require to be overcome, to evidence a bullish rally. The recent dramatic fall, produced a measuring bar, which nor surprisingly has resulted in the 4 subsequent candlestick ranges, being with the large measuring bar range. The candlestick yesterday , was within the range(high-low)of the combined 2 preceding candlesticks. Subsequently today's candlestick range was an inside , being within yesterday's candlestick range. All this , indicates a tightening of the sp, range, raising the possibility of a fast movement , and that is where the pivot high 2317 and Japanese doji high 2336 come into play. RSI(relative strength index), is showing a positive divergence in the sharp bottom formation, which is a bullish event.
Shaun
I'd read the update from BATS...ignore SwS...it's bollo!
I think people are also missing BATS share of ITC Ltd. At the last full year they reported 29.19% ownership, of which ITC has a market cap of £53.4bn and ITC is growing. Obviously this could not all be liquidated at once, but as it is classed as an associate in the accounts, it cannot be marked to market under IFRS.
From what I can see, the value 2022 full year accounts was £1.865bn versus BATs share of MCAP of £15.6bn (29.19%*53.4bn) which is a massive undervaluation.
See Spring Mountain Investments Ltd have taken to oppertunity to increase their holdings to 10%
A few more have been added today in my ISA, along with a couple of other stocks I've recently started adding (PHP & JCGi)
Shaun_LSE, take Simply Wall Street with a pinch of salt. They are mostly an AI-generated publisher without much if any human oversight. Cayman islands companies increased their holdings from c 9% to c 10% last week. BATS are a great income source and will recover in time to near 3000p at least in my humble view. They have their challenges, but are aware of them and taking appropriate action. The £25b write down was overdue anyway and much of it was already within the sp. Don't understand the drop today. All IMO and DYOR.
That's due to write down on paper. Real eps and business will grow as per forecast
Glad to have sold the lot December 4th, I don't see this recovering, but made a lovely profit.