I made like $400 on Ultimate Stock Alerts last nasdaq play. (search em) I like how they only alert nyse and nasdaq companies instead of that junk on the OTC.
New targets out today after BTI released earnings. Stock is trading at 3730GBp in the LSE. GS continues to monkey around with their lowball targets even as the stock has climbed.
@British American Tobacco : *SOCGEN RAISES BRITISH AMERICAN TOBACCO PRICE TARGET TO 4200 PENCE - 'BUY'
@British American Tobacco : *GOLDMAN RAISES BRITISH AMERICAN TOBACCO PRICE TARGET TO 3250 PENCE
@British American Tobacco : *CITIGROUP RAISES BRITISH AMERICAN TOBACCO PRICE TARGET TO 4200 PENCE - 'BUY'
BTI is looking good to me. RAi should provide a nice boost in the couple of next years.
@3:27 am British Amrcn Tobacco beats on top and bottom lines (BTI) : Reports H1 EPS GBP1.42 vs GBP0.97 Capital IQ consenus; revs declined 6% YoY to GBP6.398 bln vs GBP6.351 bln consensus. Group cigarette volume was 322 billion, a decline of 2.9% against an estimated industry decline of approximately 3.5%. The Group's cigarette market share in its Key Markets continued to grow strongly, driven by the Global Drive Brands which increased volume by 6.0% The Board has declared an interim dividend of 49.4p, being one third of the 2014 dividend, a 4.0% increase on last year. This will be paid on 30 September 2015.
Make it count with DIBZ because the target for this bad boy is HUGE. Can it go all the way to $1.50 from current levels
GS is backtracking a bit. I guess the analyst does not want to look like a complete fool after all. BATS is trading at 3502 pence today
@@British American Tobacco : *GOLDMAN RAISES BAT TO 'NEUTRAL' ('SELL') - PRICE TARGET 3270 PENCE 06/17/2015 | 05:22am US/Eastern
And this one today
@@Credit Suisse analyst Charlie Mills reinitiated coverage of British American Tobacco PLC with an Outperform rating and a price target of £38.
Sorry Goldman Sachs, but you can't keep a great stock down.
BATS is currently trading on the LSE at 3511GBp
@@06/15/2015 | 01:12am US/Eastern British American Tobacco : *BERENBERG RAISES BRITISH AMERICAN TOBACCO TARGET TO 4,000 (3,850) PENCE - 'BUY'
An insider is buying BTI too.
@@06/09/2015 | 06:28am US/Eastern LONDON (Alliance News) - British American Tobacco PLC Tuesday said Finance Director Ben Stevens bought 536 shares at a price of 3,410 per share Monday. Following this transaction, Stevens has a total beneficial and family interest in 120,807 shares
BTI's subsidiary could be on the book for $10B CAN, but the parent is not affected, other than the subsidiary could go BK.
@More than £2.5bn was wiped off the value of UK tobacco companies after three cigarette makers, including British American Tobacco, were ordered to pay Can$15.6bn (£8.2bn) in damages to Canadian smokers in two class action suits. BAT’s Canadian subsidiary - Imperial Tobacco Canada - was ordered to pay Can$10.5bn,“The wider implications of the legal battle are more significant than the billions of dollars in damages awarded to the plaintiffs in this particular instance,” said Laith Khalaf, an analyst at Hargreaves Lansdown. “If this genie gets out of the bottle, it will set a precedent for court cases across the globe against the tobacco industry." Analysts at Nomura said that while the parent companies of the firms involved are protected from the legal claims, the ruling nevertheless could have significant implications for the subsidiaries.
“If the full payment needs to be made, there is the possibility that it bankrupts all of the tobacco majors in the [Canadian] market, with the payments dwarfing the annual operating profit,” they said. “However, as we understand, all of these companies are separate – ring-fenced – legal entities, and therefore the claims would have no impact at the parent level.”
Why does YHOO let spammers litter message boards but blocks posts that are relevant to investors, like the ruling today in a Quebec court on a class action suit filed against tobacco companies that do business there, including BTI subsidiary Imperial Tobaccoa Canada Ltd.?
google: quebec tobacco class action suit
BTI subsidiary in Canada is on the hook for 10 of the 15B awarded in a class action ruling issued today. Of course, an appeal is forthcoming.
@Tobacco companies to appeal C$15 billion Canadian court ruling 06/01/2015 | 07:08pm US/Eastern Three tobacco companies said on Monday they would appeal a Canadian court ruling that awarded more than C$15 billion in damages to Quebec smokers in two related class action cases. The damages would compensate about 100,000 Quebec smokers and ex-smokers who alleged that the companies knew they were selling a harmful product that was causing cancer and other illnesses. The plaintiffs said the ruling requires the companies to pay C$1 billion within 60 days, regardless of whether they appeal. But Imperial Tobacco Canada, a subsidiary of British American Tobacco PLC, JTI-Macdonald Corp, part of Japan Tobacco Inc, and Rothmans, Benson & Hedges Inc - a subsidiary of Philip Morris International - all issued statements saying they disagreed with the ruling by Quebec Superior Court Justice Brian Riordan on Monday. Philip Morris said in its statement that it was not a party to the cases and would not be liable for any portion of the judgement. The two cases were first launched in 1998, receiving authorization to proceed in 2005. The trial officially started on March 12, 2012, hearing from 76 witnesses and reviewing more than 43,000 documents before concluding in December 2014. Imperial Tobacco Canada said that industry should not be held responsible for decisions made by consumers."Today's judgement ignores the reality that both adult consumers and governments have known about the risks associated with smoking for decades, and seeks to relieve adult consumers of any responsibility for their actions," said Tamara Gitto, vice president, law, and general counsel at Imperial Tobacco Canada. "We believe there are strong grounds for appeal and we will continue to defend our rights as a legal company."
BATS traded at 3639 pence today. I say GS is wrong about BTI.
@@@British American Tobacco : *GOLDMAN CUTS BRITISH AMERICAN TOBACCO PRICE TARGET TO 3010 PENCE - 'SELL' 05/15/2015 | 01:40am US/Eastern