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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
Bullish RSI(relative strength indicator), failure swing above three RSI, pivot highs, and RSI, now above 50, which designates BAT, as now in Bullish uptrend. My previous price target was 2550, and the revised target is 2630, which is based on the positive divergence in the RSI. At present IMB, is,still the relatively stronger of the two tobacco sector charts.
Lets see if the new Bean Counter makes a difference !
Anon3, noted and understood; again my apologies for the balls up.
Sam2rob, if you expect to have any credence on these boards, I strongly advise that you at least get any talk of the sp in at least the right range and not out by 10x.
Now your posts make sense.
Sp, crossed above bullish pivot today , and Bullish positive divergence on the weekly and daily charts , with the RSI(relative strength). Also weekly price bar has closed above the open of the preceding weekly bar, which is bullish, buy signal. Price target is top of Bollinger band at 2550.
FTSE bearish pivot is at 7291, so if it closes below 7291, next target is 7000, for those that are shorting, the FTSE100, through derivative such as SUK2.
All makes sense now. ATB
Bugerov, my apologies, I mean £20 and £40 not £2 and £4! If you apply these correct figures to my earlier rant it should all make sense!
Sam2Rob: I'm not sure what you mean and your added calculations haven't helped. Apologies as I may be reading something wrong.
The current SP is around £25.00 (rounded up by about 50p). A 20% loss would see the SP down to around £20; not ideal but I would agree not a disaster. However, you have stated you expect the SP to go to below £2 'very soon', and a few posters have asked you to confirm if a future SP of sub-£2 is what you actually mean. You have confirmed this.
For the SP to fall to below £2 would require around 90% being wiped off the value of the company (roughly a £23 fall in the SP from current). That is disaster territory in my book.
Bugerov, just to clarify (albeit I'm sure you understood what I meant) in my opinion it is more likely to hit £2 than £4 as of today. I trust that answers your first query. Separately, and in answer to your second query... "So, whilst you can't prove it, I suspect like many others I would be very interested in your reasoning behind the imminent disaster for this company." (your words) My answer is that, generally speaking, if you consider a 20% fall in any share price a "disaster" then I would recommend that you get prepared for the worst. No further reasoning required. Shares go up and down.
It's a totally nonsensical point to make.
If this hits £4, it's all over.
I'm not saying it won't ever, but that will not be in the next 10 years, no way.
While cigarette smoking is falling in the west, it's still rising in the east.
As for mentioning Vod on this BB, look at the debt that has compared to the money this company makes.
£4 and a PE of one, my ar*e
Did a small top up @24.10 on Friday. As a LTH a tad under 10% & quarterly divis is quite appealing.
Sam2 Rob - I note in a recent reply you stated:
'Jason31, not a stupid question at all but imo very unlikely to reach £4 anytime soon. More likely to dip below £2 very soon but please don't ask me to substantiate this!'
This doesn't make sense as it would have to pass £4 on the way to below £2.
Two months ago (24 Aug at 21:31) you posted 'agreed 2470 - hopefully 2570'. Whilst you are unable to substantiate this fall (your words) it isn't unreasonable for someone to ask you to explain what catastrophic event leads you to conclude a FTSE giant with a share price of £24.50 would collapse to below £2 'very soon'. So, whilst you can't prove it, I suspect like many others I would be very interested in your reasoning behind the imminent disaster for this company.