BATS First Half Pre-Close Trading Update 2019

[idpickering]

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]

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]

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]

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.