British American Tobacco – Flickers of optimism #BATS
It has been a torrid two years in which to be a BATS shareholder (latest share price £30.50, market cap £70 billion).
From a personal point of view, I mistimed my entry with an average purchase price of £44.63 starting from late 2017.
Dividends worth c. 240p per share have been paid out during my holding period, cushioning the blow a little. After taking them into account, my loss on a percentage basis so far is c. 30%.
I have been determined to carry on supporting the company with my small stake (currently 4% of my portfolio), until and unless its solvency becomes questionable, or there is some other critical shock.
Let’s consider the latest results for 2018 and the prospects for this tobacco giant.
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