Author Topic: BTI ..... what to do what to do!  (Read 9301 times)

jonb

  • Full Member
  • ***
  • Posts: 122
  • Karma: +2/-0
    • View Profile
BTI ..... what to do what to do!
« on: August 08, 2016, 10:56:55 am »
so BTI has been the darling of my SA portfolio for some years

I have always told myself I would keep an eye on it though as personally i feel because of legislation and some other key factors , the movement ahead might be choppy... also Brexit smashed it a bit

The last 3 months though

 :wtf:

Is anyone holding on and thinking this is a buy opportunity to stock up ?

Moonraker

  • Hero Member
  • *****
  • Posts: 1095
  • Karma: +31/-0
    • View Profile
Re: BTI ..... what to do what to do!
« Reply #1 on: August 08, 2016, 12:34:58 pm »
I would hold. Have them since early 2009 (212% capital gain EXCL. dividends). Will continue to be a great dividend payer.



Should benefit from weaker £ on LSE when next results published. See current rates vs. constant rates. (The R/£ exchange rate is another story)

« Last Edit: August 08, 2016, 12:44:48 pm by Moonraker »

dividendtycoon

  • I've just arrived
  • *
  • Posts: 35
  • Karma: +2/-0
    • View Profile
Re: BTI ..... what to do what to do!
« Reply #2 on: August 08, 2016, 01:15:29 pm »
Tobacco stocks have been among the best performers of any stocks, but I personally would not, for the same reason that a very well known UK fund manager, Nick Train, would not:

 ‘It’s not a moral objection on my part, but it feels like not a smart thing to do — to be a partner in a business that kills its own customers.’

We are probably both wrong and they will continue to grind out both profit and dividends, but it is something to think about. 8)

jonb

  • Full Member
  • ***
  • Posts: 122
  • Karma: +2/-0
    • View Profile
Re: BTI ..... what to do what to do!
« Reply #3 on: August 08, 2016, 01:50:29 pm »
@Moonraker

damn!

thats a great reward for 8 years :)

Thanks for the H or N clip

Yeah Rand to Sterling is another discussion for sure .... but long term I think that will all play out

Appreciate it


I would hold. Have them since early 2009 (212% capital gain EXCL. dividends). Will continue to be a great dividend payer.



Should benefit from weaker £ on LSE when next results published. See current rates vs. constant rates. (The R/£ exchange rate is another story)

jonb

  • Full Member
  • ***
  • Posts: 122
  • Karma: +2/-0
    • View Profile
Re: BTI ..... what to do what to do!
« Reply #4 on: August 08, 2016, 01:54:29 pm »
definitely food for thought!!!

I would like to take this stand but I am afraid if I do I would have to give all my other stock picks the same scrutiny and I am sure many more ghosts in the closet




Tobacco stocks have been among the best performers of any stocks, but I personally would not, for the same reason that a very well known UK fund manager, Nick Train, would not:

 ‘It’s not a moral objection on my part, but it feels like not a smart thing to do — to be a partner in a business that kills its own customers.’

We are probably both wrong and they will continue to grind out both profit and dividends, but it is something to think about. 8)

Moonraker

  • Hero Member
  • *****
  • Posts: 1095
  • Karma: +31/-0
    • View Profile
Re: BTI ..... what to do what to do!
« Reply #5 on: August 08, 2016, 02:27:15 pm »
Some post Brexit broker views ..


jonb

  • Full Member
  • ***
  • Posts: 122
  • Karma: +2/-0
    • View Profile
Re: BTI ..... what to do what to do!
« Reply #6 on: August 11, 2016, 10:38:15 am »
Actually, I have changed mind in the past two days and thinking of topping up!

This is great thanks


Some post Brexit broker views ..

Moonraker

  • Hero Member
  • *****
  • Posts: 1095
  • Karma: +31/-0
    • View Profile
Re: BTI ..... what to do what to do!
« Reply #7 on: October 23, 2016, 04:10:41 pm »
More info on the merger HERE

Moonraker

  • Hero Member
  • *****
  • Posts: 1095
  • Karma: +31/-0
    • View Profile
Re: BTI ..... what to do what to do!
« Reply #8 on: November 16, 2016, 10:14:36 am »
[ 15 Nov 2016 06:31 ]
LONDON (Alliance News) - Reynolds American Inc, the second-largest cigarette seller in the US, is seeking a higher price from British American Tobacco PLC after rejecting a USD47 billion buyout offer as too low, Bloomberg reported citing people familiar with the matter.

The tobacco giants are in talks and BAT is willing to increase the price slightly. BAT, which already owns 42% of Reynolds, disclosed its proposal to acquire the rest of the company on October 21.

BAT offered USD47.00 billion to buy the 57.8% of Reynolds American it does not already own. BAT owns Lucky Strike, Dunhill and Pall Mall cigarettes.


Moonraker

  • Hero Member
  • *****
  • Posts: 1095
  • Karma: +31/-0
    • View Profile
Re: BTI ..... what to do what to do!
« Reply #9 on: January 17, 2017, 09:26:14 am »
BAT agrees terms to buy Reynolds for $49.4 billion
LONDON, Jan 17 (Reuters) - British American Tobacco said on Tuesday it had agreed terms to buy U.S. rival Reynolds American Inc after it increased its offer for the 57.8 percent of the company it did not already own to $49.4 billion.
Reynolds shareholders will receive $29.44 in cash and 0.5260 BAT shares for each of their shares under the terms of the deal, representing a 26 percent premium over the stock on Oct. 20.
BAT had previously offered $47 billion, an offer that was rejected for being too low in November.
(Reporting by Paul Sandle; editing by Kate Holton)
2017-01-17 09:14:55

Moonraker

  • Hero Member
  • *****
  • Posts: 1095
  • Karma: +31/-0
    • View Profile
Re: BTI ..... what to do what to do!
« Reply #10 on: March 10, 2017, 01:35:28 pm »
Quote
British American Tobacco’s £40 billion merger with Reynolds American has been approved by the US antitrust body.

The firm said the waiting period for the deal under US antitrust law expired on March 8, meaning all conditions had been satisfied.

The British cigarette giant, which owns brands including Dunhill, Kent and Lucky Strike, announced early this year that it had bought the remaining 57.8 per cent stake in the US rival that it didn’t already own.

Moonraker

  • Hero Member
  • *****
  • Posts: 1095
  • Karma: +31/-0
    • View Profile
Re: BTI ..... what to do what to do!
« Reply #11 on: July 28, 2017, 05:02:22 pm »
Over 13% down on LSE as per 17:00 our time.  :'(

TOP NEWS: US REGULATOR'S NICOTINE PLANS SEND TOBACCO STOCKS DIVING

[ 28 Jul 2017 15:53 ]
LONDON (Alliance News) - The US Food & Drug Administration on Friday announced a new "comprehensive plan" for tobacco and nicotine regulation that will "serve as a multi-year roadmap to better protect kids and significantly reduce tobacco-related disease and death".

The FDA said its approach places nicotine, and the issue of addiction, at the centre of its tobacco regulation efforts, with a goal of ensuring it has the proper scientific and regulatory foundation to efficiently and effectively implement the Family Smoking Prevention & Tobacco Control Act in the US.

The FDA added that it plans to begin a public dialogue about lowering nicotine levels in combustible cigarettes to non-addictive levels through "achievable product standards".

Shares in British American Tobacco PLC were trading down 10% at 4,770.00 pence on Friday following the announcement, while shares in Imperial Brands PLC were down 6.5% at 3,214.00p.

The agency intends to issue an Advance Notice of Proposed Rulemaking to seek input on the potential public health benefits and any possible adverse effects of lowering nicotine in cigarettes.

"The FDA is committed to encouraging innovations that have the potential to make a notable public health difference and inform policies and efforts that will best protect kids and help smokers quit cigarettes," it said in a statement.

By Karolina Kaminska; [email protected]; @KarolinaAllNews




Maurice

  • Jr. Member
  • **
  • Posts: 79
  • Karma: +3/-0
    • View Profile
Re: BTI ..... what to do what to do!
« Reply #12 on: July 31, 2017, 01:14:03 pm »
BTI going down slowly. Will this be a temporary blip?

dividendtycoon

  • I've just arrived
  • *
  • Posts: 35
  • Karma: +2/-0
    • View Profile
Re: BTI ..... what to do what to do!
« Reply #13 on: July 31, 2017, 01:33:20 pm »
BTI going down slowly. Will this be a temporary blip?
Perhaps, these stocks tend to be resilient, but I still stand by what I wrote earlier in this thread about not wanting to invest in a product that kills its own customers.