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Thanks anon, i searched & missed it.
Update tomorrow. SP at 2,475 now. If it drops to around 2,400 (which is the recent low) i think i may well try a few.
£24 should give me c9.5% return, if held. XD on 21st for c58p.
Good luck all
Well, here's what was said in the half year report;
" Commitment to dividend growth in sterling terms and our long-term 65% dividend pay-out ratio"
Newbie to BATS. Quick question for you long termers.
I see that the dividend has been increased over the last two years by 1% & 6% respectivly.
Has the company a set plan to continue this increase going forward at all?
Thanks in advance
JPMorgan raises British American Tobacco price target to 2,900 (2,800) pence - 'neutral'
Thought the Market fully obeyed JPM, so why the drop today mainly after US markets opened ?!!
I expect this is legitimize vaping as a long term replacement. It's better than going from little regulation to outright bans. Once it's regulated it's much more palatable in public opinion and for politicians to show they've cracked down on it.
BATS were just saying there should be stricter regulations and some of the cheaper makes should be banned but not ours! Haha
I was quite happy when I read about it this morning :)
Here's something else to have a moan about if you don't approve of a smoking ban;
https://uk.investing.com/news/stock-market-news/bat-urges-stricter-uk-vape-regulations-to-curb-youth-use-93CH-3249326
It does seem a bit odd, this, albeit somewhat admirable. Almost like an oil company telling people to stop buying it's oil.
And the UK now stands alone with this potential ban, which imo is unnecessary as younger generations are not smoking like they used to. Price (due to tax), plain packaging, advertising ban, sports sponsorship ban, hiding tobacco behind a curtain in shops and banning smoking in pubs and indoor spaces have all had an affect over the years.
I've just read that New Zealand has reversed it's decision to ban smoking.
People should have a choice & not be dictated to.
I'll just keep adding at these prices & yield !
Further to my missive , I notice the largest percentage rising index today is the personal goods sector, which is in a confirmed downtrend. Bear rallies, are normal , in a down trend , however a weak sector being the leading riser ,in one day, is the reverse of what is normal, in a healthy market .
Charles Dow, came up with the Dow, theory in 1896, which stated that a high in the index, should be accompanied by a high, in either the Transportation index or the industrial index. Today the Transportation sector has fallen over 10%, while a glance at the industrial sector , with a fall of less than 1%, reveals , all fallers and no risers. This should be viewed as a red flag, implying that the general index, is not on a firm footing.
The upper Bollinger band of the vix, has turned down, within the last two days, while the lower Bollinger band continued to fall. This is significant because often, this forecasts a change in direction of the vix, within 10 days, so , now 8 days. The vix is currently at a low, so the inference is the vix, will rise, which usually causes a change in direction of the S&P 500, which has been trending up recently.
The rally today was a firm rejection of lower price, in the preceding day, which had dropped to touch the 20 day moving average. If the sp, can close above the high price, 2548, of the Japanese doji, candlestick dated 7/11/23, there would be scope for the sp, to rally further to price target of 2626. Upper Bollinger band rising is evidence of increasing volatility in the equity.
Sp, has risen from low of 30/10/23, to recover the Fibonacci ratio of 38.2%, for price of 2530. The other Fibonacci ratios are 50%, and 61.8%, so it remains to be seen whether BATS, can recover any of those ratios of the preceding fall. The sector view, shows tobacco as the largest rider today. Also for at least the third consecutive day, BATS, is stronger than IMB, it's sister tobacco equity .
Https://www.ft.com/content/0d77da98-701a-3850-8f3c-a407c9527407
This article is a dinosaur, dating back 2017:
The company behind Lucky Strikes and Pall Mall is targeting revenues of £500m from the next generation business this year, rising to more than £1bn in 2018 and £5bn in 2022. BAT said it expected next generation products to break even by the end of 2018 and “to deliver substantial profit” by 2022. The roll-out of its tobacco heating product glo was going well in Japan and Seoul, it said.
I guess that did not age well considering that the next gen tobacco products don't seem to be profitable yet.
Plus, how would BAT differentiate themselves from competitors?
The last three days were Japanese candlestick, dojis, where the body, difference between open and close is much smaller than the height of the candlestick from high to low, of the day. The doji, candlestick usuàlly appears at price bottoms or tops, in this particular event. There is a confluence of price support at 2480, reflected, in the previous, small top and the 20 day moving average .
Down day today, but it looks like tobacco sector might find support, at 27,700 level. Overall the FTSE100, is bearish, with falling peak and trough, which is reflected in reverse , in my comment under the reverse derivative of the FTSE100, under ticker SUK2, which is up over 2% today. Tobacco is supposedly a relatively safe sector, less influenced by cyclical economic circumstances .
A little quiet on here today ! Used to be one of Woodfords favourites - how times have changed.
There would appears to be a descending, lower trendline beginning June 2023, which on the assumption of a similar upper trendline equally spaced, would forecast a sp, target of 2630, which is below the September high price. Today the sp, broke above the price pivot at 2527, and the tobacco sector broke above 2 price pivots, dated October and November 2023. This is the second day that BATS, has outperformed IMB.
Tobacco sector chart today has broken above price pivot of 28,180, which is bullish, but only if the close today is above 28,180. If tobacco sector does close above the price pivot, then the price objective would be the 20/9/23 high. Otherwise, if close below price pivot, look for the chart to find support above 28,000, which is still positive for tobacco sector. BATS, was stronger than IMB, today, for a change, but give it time to see , if leadership has changed to BATS.
Charts not available today on lse.co.uk, so viewed alternative charts in shares magazine . Trendline Bullish breakout 4 days ago, and expected reaction ǹow , falls midway between pivot price highs of 18/10/23 and 26/10/23, at just above 2500. This is normal price behaviour , and the uptrend would be expected to resume, especially if the tobacco sector maintains above 28,000.
Major sp, pivots ranging between 2512.5-2541, from November 2022. If sp, can close above 2512.5, that should give indication of support . Also tobacco sector fall today is still above important 28,000 level. If tobacco sector can show support exists at it above 28,000, there is reason, for optimism.
I'm taking the dough on this one too.
No more dividends reinvested, cash now , smoking hay days are over ....atb