3Mês·

British American Tobacco
$BATS (-1,59%) signed on Thursday new
share buyback program

British American Tobacco (BATS.L, BTI.JO) has signed an agreement with Merrill Lynch International for a new share buyback program for 2025 to reduce its share capital.

Under the terms of the irrevocable, non-discretionary agreement with the tobacco giant, Merrill Lynch will repurchase shares between January 2, 2025 and February February 12, 2025 up to 223,642,156 shares as announced on Thursday.

The shares will subsequently be canceled.

14 Comentários

Robert@Iwant_money_423

3Mês

Very nice! My most daring and best investment to date. Back then, everyone here thought I was crazy.

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Kevin E.@KevinE

3Mês

@Iwant_money_423 The share was massively undervalued below €30. I bought a total of 500 shares in 3 tranches, making the share my largest single investment (after ETFs). It was an absolute no-brainer in my opinion.

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S.A.U.@SAUgut77

3Mês

@KevinE I am also at 27.50 EK with fewer lines and, despite criticism, I have absolutely nothing to complain about.

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MHi_292@Valueformoney

3Mês

@Iwant_money_423 I wouldn't expect too much from the tobacco industry in the long term - but BAT has a solid, intelligent strategy that will drive shareholder value even in this challenging environment. The share price was really cheap at under € 30 after the extraordinary loss due to the brand write-down - that's where I got in. If we see prices around €28 again, I'll buy in. In the tobacco industry, you can always profit from "bad news" and temporary price pressure.

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S.A.U.@SAUgut77

3Mês

@Valueformoney is almost like $RIO 😉

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MHi_292@Valueformoney

3Mês

@SAUgut77 Yes, and like the oil companies ... they'll be around for a long time, making good money and there are always opportunities for the share price to get really ugly ... you just have to go for it

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MHi_292@Valueformoney

3Mês

Given the favorable P/E ratio and the good cash flows, this makes sense - precisely because no more growth is expected from the business, this is a good alternative to increase shareholder value. However, the debt must also be reduced.

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