Member Info for Shaun_LSE

Https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=BATS

Dividend Frequency

Quarterly

Dividend Yield

8.65%

Dividend Cover

1.61

Dividend Payout Ratio

62%

I'm not losing any sleep. I think this is just a dump, people throwing the toys out the pram re the buyback cancellation and the US wanting the NYSE being the primary listing.

And people capitulating!

They have plenty of cash flow and cancelling the buyback is great news as debt is horrifically expensive ATM and buybacks are basically manipulating of share prices, and used to be illegal.

So I'm buying more on these dips, despite having a massive allocation already.

BATS is the cheapest against VUKE (FTSE 100) it's has been in over 10 years. And it is yielding 8.5%!

"Goldman Sachs on Friday cut the price target of British American Tobacco

to 30.00 pounds sterling from 35.00 pounds, keeping the neutral rating."

What a load of baloney these price targets are! Then the price is 36, they say "buy target 45! then it drops and they say "sell, target 30"! Pump and dump!

It's utter manipulation

I've topped well up. I think you're right with 26 area then back up to 28 to sell.

Inflation adjusted we are at the same as £26 in Nov 21.

We have also hit some nice spread support points. Could drop to 23/24, could bounce from here. Who knows!? One just has to buy at good levels, this is capitulation and we have just had a divergence on the RSI and MACD.

OK I did just top up, but I think 26/27 isn't off the table at all,

Inflation adjusted it's the same as £26 in 2021.

"raised at highest level on record." to read RATE not level.

Yield curve inversion, manufacturing dropping off of a cliff, mortgage applications record low, unemployment starting to rise, fiscal tightening (1st time since 1929) in addition to lending standards being tightened, interest rates being raised at highest level on record.

Need me to continue?

180 is coming.

Well it's just rejected off the 50 day MA, and still in the bearish descending channel.
I'm waiting util it hits the bottom or breaks out to buy again.

Market is about to crash, even BATS wont be immune to this, my bond ETFs seem to be inversely correlated, so I'm just holding in there until the chart says its time to swap.

I was tempted to buy back today, but I'm happy to wait and see if we see 2850 again. I'm holding too many, and this N Korea fine will impact the bottom line?

Well, I got out a bit early today, sold 30%. Buying VGOV now and will buy BATs again on next swing low, hopefully end of May for Divi.

Judging from this recent high and pullback, 3060 target.

Paultokyo29, Yes, BATS is nearly 30% of mine. I'll be selling the ones I bought at 2840 on the next swing high.

Paultokyo29, you trimmed on a price drop and don't intend to add more now it is a 8% yield?
Trim at the highs man!

I definitely think selling now is a bad idea. It's yielding over 8%, what else gets you that?
I had a look at the chart, and it looks like a bottom might be near.
Of course this is not financial advice. But 25% of my portfolio is in BATS, and I look forward to a good returns and buying more of the dips.
It could very well drop to £25 again, but I'll simply buy more with my dividends. If you compound these great yields and keep buying the big dips, you'll end up making a great return averaged out over 5-10 years.

https://www.tradingview.com/chart/BATS/A1wqxzY8-BATS-Time-to-buy-the-bottom-of-the-Dip/

30% under analysts "targets" seems to be about the norm. I'd expect price to range around here.

It'll probably happen again soon.

https://www.tradingview.com/chart/IMB/Kw0EhTQt-BATS-IMB-Comparison/

If you look through the news articles in the news section above... "Jefferies slashes target price on British American Tobacco", the broker ratings:
Look at broker ratings.... JP mogan cut to neutral 3100p.
Pretty much shows a drop back to 2700p ish area is imminent.

Spread chart does look like BATS is cheap relative to IMB ATM IMHO , but they are both correlated. In NOV 15 and DEC 18 BATS was a lot cheaper relative to IMB, so if you're selling one for the other,

I took a pic of the chart here.
Each cycle seems to take 6-12 months.
I'm probably going to start moving part of my holding into IMB when the time is right.
BATS "seems" the better buy now should the chart follow the red arrow, which the MACD and RSI suggest.