Wizard wrote:Bouleversee wrote:So what made you switch from BATS, Ian?
In the space of 2 hours 43 minutes...
...have we now entered the era of Speed Pickering?
It's the New Year me!. I do a line of t-shirts too.
![Very Happy :D](./images/smilies/icon_e_biggrin.gif)
Ian.
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Wizard wrote:Bouleversee wrote:So what made you switch from BATS, Ian?
In the space of 2 hours 43 minutes...
...have we now entered the era of Speed Pickering?
idpickering wrote:Bouleversee wrote:So what made you switch from BATS, Ian?
Hi Bouleversee, nothing more complicated than me buying more IMB before their next ex divi date, that being 21 Feb 2019, qualifying for the 65.46p per share dividend. To be honest I'm likely to buy more BATS thereafter too.
Ian.
idpickering wrote:Well put Dod. As for owning enough already, I'm 'full' regarding IMB, but not so with BATS. I guess a further top up, for a long term hold, wouldn't hurt. Maybe not this month's choice though?
idpickering wrote:Hello Terry, no problem. By full what I meant was that I have invested what I think is a maximum amount in ratio to my other 31 holdings. With regards this next dollop of cash into IMB, I decided to be a bit more flexible, and slightly exceed my normal investing limit in any given share.
Ian.
World's biggest tobacco company vows to phase out cigarettes
moorfield wrote:Philip Morris International isn't an orthodox HYP share, but it's a relevant contribution to this thread I think.World's biggest tobacco company vows to phase out cigarettes
https://news.sky.com/story/worlds-bigge ... s-11602153
Can we expect to see similar moves from BATS and IMB I wonder.
PM's announcement of going Smoke Free was mentioned previously last year, certainly excellent PR! Relevant to BATS in this : -idpickering wrote:Very interesting, thank you moorfield. I mentioned further up this thread that I like to let managers manage. In that regard, I would hope that the bosses of IMB and BATS would follow Philip Morris's lead perhaps? Ian.
The conclusion of your statement is that Tobacco BATS/IMB are no longer worth holding?Bouleversee wrote:Desirable though it may be from a health point of view for tobacco to be phased out, I shall be very surprised if vaping takes its place and is anything like as profitable. When I decided it was time to give up smoking, I tried vaping and found it so unsatisfactory that it was easier just to give up altogether which I did very quickly and without any reversion.
YeeWo wrote:The conclusion of your statement is that Tobacco BATS/IMB are no longer worth holding?Bouleversee wrote:Desirable though it may be from a health point of view for tobacco to be phased out, I shall be very surprised if vaping takes its place and is anything like as profitable. When I decided it was time to give up smoking, I tried vaping and found it so unsatisfactory that it was easier just to give up altogether which I did very quickly and without any reversion.
Bouleversee wrote:YeeWo wrote:The conclusion of your statement is that Tobacco BATS/IMB are no longer worth holding?Bouleversee wrote:Desirable though it may be from a health point of view for tobacco to be phased out, I shall be very surprised if vaping takes its place and is anything like as profitable. When I decided it was time to give up smoking, I tried vaping and found it so unsatisfactory that it was easier just to give up altogether which I did very quickly and without any reversion.
I wouldn't presume to predict on that. Other things they might do might become just as profitable. Aren't IMB doing cannabis or did I dream that? All I was saying is that I'd be surprised if vaping took the place of tobacco cigarettes. I hold both IMB and BATS and am not rushing to sell though if they should recover to anything like previous heights or what I paid I would probably do so and I don't feel inclined to rush in and buy more at this moment.
Others more savvy than me may hold different views, or be braver.
idpickering wrote:Bouleversee wrote:YeeWo wrote:The conclusion of your statement is that Tobacco BATS/IMB are no longer worth holding?
I wouldn't presume to predict on that. Other things they might do might become just as profitable. Aren't IMB doing cannabis or did I dream that? All I was saying is that I'd be surprised if vaping took the place of tobacco cigarettes. I hold both IMB and BATS and am not rushing to sell though if they should recover to anything like previous heights or what I paid I would probably do so and I don't feel inclined to rush in and buy more at this moment.
Others more savvy than me may hold different views, or be braver.
I dunno about being brave, but my impending top up of my IMB holdings on 21 jan 19, is more a case of taking advantage of the share’s weakness, and buying more income because of it.
Ian.
Bouleversee wrote:
A lot can change between now and Jan 21, Ian, including your mind.I can never understand your obsession with income when you are not yet drawing any and yields on all the shares you own now (and the ones you have spurned) will probably be totally different by the time you do. However, maybe that's me looking at things from the wrong perspective.
Bouleversee wrote:... I can never understand your obsession with income when you are not yet drawing any and yields on all the shares you own now (and the ones you have spurned) will probably be totally different by the time you do. However, maybe that's me looking at things from the wrong perspective.
Bouleversee wrote:I apologise. I should not have made that comment. And yes, I should stop looking at this board as, not being very bright, I don't really understand that philosophy during the building period. As you say, each to their own.
Bouleversee wrote:I apologise. I should not have made that comment. And yes, I should stop looking at this board as, not being very bright, I don't really understand that philosophy during the building period. As you say, each to their own.
pyad wrote:Bouleversee wrote:... I can never understand your obsession with income when you are not yet drawing any and yields on all the shares you own now (and the ones you have spurned) will probably be totally different by the time you do. However, maybe that's me looking at things from the wrong perspective.
HYPs are all about income and the same approach to selecting shares applies whether the investor has yet to draw that income and is reinvesting dividends or is at the stage of enjoying the income.
What's not to understand?
You seem not to agree with that, which is fine, each to their own, but if so you are on the wrong board I'd say.
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