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BATS First Half Pre-Close Trading Update 2019

Practical discussions about equity High-Yield Portfolios (HYP) for income
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idpickering
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BATS First Half Pre-Close Trading Update 2019

#228829

Postby idpickering » June 12th, 2019, 7:04 am

Trading update - ahead of closed period commencing 2 July 2019

· The business continues to perform well, with Group Full Year (FY) guidance unchanged

· Combustibles continue to perform strongly, driven by the growth of the Strategic Brands and good pricing

· First half (H1) New Category revenue growth approaching our FY guidance range, with an expected acceleration in the second half (H2) leading to FY growth around the middle of the 30-50% range, on a constant currency basis

· The US business is performing well with good pricing and continued value share growth in an industry expected to be down 4% to 5% on a volume basis for the FY

· On track for a FY reduction in currency-neutral Adjusted Net Debt**/Adjusted EBITDA*** of c.0.4x


https://www.investegate.co.uk/british-a ... 00028821B/

TheDove
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Re: BATS First Half Pre-Close Trading Update 2019

#228893

Postby TheDove » June 12th, 2019, 11:03 am

6% down as I type. Was the market was expecting more ?

Back to head-scratching, following the temporary relief offered by the 'Woodford/IMB' theory.

Dove

monabri
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Re: BATS First Half Pre-Close Trading Update 2019

#228903

Postby monabri » June 12th, 2019, 11:45 am

TheDove wrote:6% down as I type. Was the market was expecting more ?

Back to head-scratching, following the temporary relief offered by the 'Woodford/IMB' theory.

Dove



No theory .
viewtopic.php?p=226900#p226900

I don''t know about his holdings in BATS, perhaps it's a "correction " to the recent price rises ( from end of Jan 19) or maybe he IS selling?

idpickering
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Re: BATS First Half Pre-Close Trading Update 2019

#228906

Postby idpickering » June 12th, 2019, 11:46 am

TheDove wrote:6% down as I type. Was the market was expecting more ?

Back to head-scratching, following the temporary relief offered by the 'Woodford/IMB' theory.

Dove


Maybe? I don’t know tbh. I’m going to celebrate this blip by buying more BATS. :)

Ian.


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