441 days ago
In today’s podcast I look at Afentra (AET) and Gary Newman’s patience with obvious cretins, ScotGold (SGZ), Chill Brands (CHLL), Guild ESports (GILD), Genedrive (GDR) – a £62 million short – Kavango Resources (KAV) and BAT Industries (BATS).
4004 days ago
Robert Sutherland Smith is again proving that he is still alive with another guest post. Robert started his City career the year before I was born and is, I think, 157 years old. Fear not. He is very much alive and kicking. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at various places ( including Shareprophets.com naturally) on FTSE 350 Income stocks. Robert is a speaker at the UKInvestor Show on April 5th 2014. He is a great one for focussing on yield. RSS today looks at BAT Industries. RSS writes:
My last review of BAT Industries was a bullish one, having examined the management strategy of this large and important international business geared as it is, by common consent (entirely reasonably so) to a long term, irresistible decline demand for its products. I noted at the time that analysts estimated on a consensus view that sales revenue would grow by 20% over the two year 2013 and 2014 to an annual sales figure of £16.7 billion by the end of next year along with a 20% increase in earnings and dividends to 248p and 162p respectively estimated for the year to 31 December 2014.
4071 days ago
My previous article, RIP an old friend had at least one reader worrying about Robert Sutherland Smith given that he started his City career the year before I was born and is, I think, 157 years old. Fear not. He is very much alive and kicking. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at TradingResearchPoint on FTSE 350 Income stocks. Robert is a speaker at the UKInvestor Show on April 13th. He is a great one for focussing on yield. RSS today looks at BAT Industries. His introduction is a cracking one.
Belonging to a generation of children who smoked Turf cigarettes on London bombed sites to collect the cards of famous film stars and whose culturally formative involvement with cigarettes was through the allure of films like the Maltese Falcon I start this review to camera – as they say. I gazed at the results from the British American Tobacco Company for the year to 31 December 2012 and groaned. I flung my Humphrey Bogart fedora – slightly battered – onto the hook on the wall and stared again; sales revenue down 1.4%? I groaned again and took a Lucky Strike (brand sales up 11%) from the pack in the top pocket of my shirt and lit up. Below that top line sales figure, things had suddenly got a whole lot better; operating profit up 20%; net income up 24%. But were they legit? They were after all only the ‘statutory’ figures demanded by Federal busy bodies and others. As if by some kind of slow motion Hollywood magic, through a haze of imaginary Lucky Strike tobacco smoke, the truer adjusted figures emerged dream like – as they might in an old black and white movie.
