focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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.
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.
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.
I did read on these comments a while ago why they were not amortizing the combustibles as they are being phased out. So this generally makes sense, but, also in 12 years their only source of profit will be halved.
Have moved BATS from a watchlist to a purchase at just under 2300p.
The fall looks overdone on even a 12 month view, and tying in to a (seemingly secure) c 10% yield seems a no-brainer on a longer term view too.
Agree HappyInvestor100. Combustibles are challenged which is hardly new news and the impairment is only a recognition of this. The BAT share price decline over the last year or so really has already taken this into account. The balance sheet remains strong, free cash flow outstanding and dividends are being maintained. With interest rates toppy and likely going south this is a bond like play with a modest growth overlay. Topped up this morning.
Been looking for a defensive dividend producing stock, so added in here @ 2660p. Looked oversold and a good one if the world economy decides to implode in 2024.
Impairment of amortisation based on revenue streams expected over next 30 years. That's just good and opportunistic accounting. Underlying results look OK and most importantly huge cashflow generation means dividend looks safe.
Look a great buy with interest rates likely to fall over 2024.
All IMHO DYOR
Happy
Looks very cheap v US peers.
All IMHO DYOR
Happy
£25bn impairment is no joke even if non cash. Particularly since its directly related to value generation from products rather than discount rate. Have bailed but probably try to jump back in again at some point if it drifts lower. Support level got smashed.
Dividend of 10% is safe and looks highly attractive indeed especially with yields on their way down.
Great opportunity.
All IMHO DYOR
Happy
Awful share. Glad I didn't add anymore and lose more
Can’t see the yield being reduced it’s how they attract investment.
Brilliant opportunity at these levels.
In @ 2,356
10% yield at that (if not reduced)
The pandemic low on 1 Oct '20 was c2,455, surpassed recently by 2,403
This drop seems a bit overdone to me.
Any further fall to the 2,425 level & i will be buying also.
After buying in around the 2500p mark, i'm happy to add every month in my ISA at these levels.
BATS has money rolling in & the dividend looks safe. IMB is my largest holding at the moment ( i bought those during the pandemic slump & am happy to hold those).
I hope to see some SP gains soon as funds rotate out of tech they are now overweight in. Bought back the few I sold at 25.30. BATS is very cheap even relative to other tobacco stonks.