British American Tobacco's shares rose as it aims to overcome regulatory hurdles to sell part of its stake in Indian company ITC, valued at over £14 billion. TidefallCapital highlighted the regulatory processes and the market's missing next-gen transition. ITC's stock fell to a nine-month low after British American Tobacco's announcement.
$BTI (+5.6% pre) British American Tobacco signals ITC stake disposal, shares soar - Reuters https://t.co/TItykUZdn1
ITC, an Indian conglomerate whose biggest revenues come from tobacco, fell to its lowest level in nearly nine months after its largest shareholder British American Tobacco says it’s considering to sell its stake in the company https://t.co/7VgtwWcvAN
“We've been actively working on completing the regulatory processes required to monetize some of our ITC shareholding.” <- new $BTI 4x PE ex-ITC. Leverage hits midpoint in Q1. Yield >10%. US Vape market mostly illicit, Vuse 46% tracked share. Market missing next-gen transition. https://t.co/kdtDscVdfm
“We've been actively working on completing the regulatory processes required to monetize some of our ITC shareholding.” <new $BTI 4x PE ex-ITC. Leverage hits midpoint in Q1. Yield >10%. US Vape market mostly illicit, Vuse 46% tracked share. Market missing next-gen transition. https://t.co/vGAmoVue5y
“We've been actively working on completing the regulatory processes required to monetize some of our ITC shareholding.” wow $BTI 4x PE ex-ITC. Leverage hits midpoint tgt in Q1. Yield >10%. US Vape market mostly illicit, Vuse 46% tracked share. Market missing next-gen transition. https://t.co/SGSgThdYVb
“We've been actively working on completing the regulatory processes required to monetize some of our ITC shareholding." $BTI 4x PE ex-ITC. Leverage hits midpoint tgt in Q1. Yield >10%. US Vape market mostly illicit, Vuse 46% tracked share. Market missing next-gen transition. https://t.co/txqV2YlrZI
“We've been actively working on completing the regulatory processes required to monetize some of our ITC shareholding." $BTI 4x earnings ex-itc. leverage will hit midpoint tgt in Q1. Div yield >10%. US vape market is still mostly illicit. Market missing nextgen transition. https://t.co/6EvYXOfleO
boom. “We've been actively working on completing the regulatory processes required to monetize some of our ITC shareholding." $BTI 4x earnings ex-itc. leverage will hit midpoint target in Q1. Div yield >10%. market missing nextgen transition. tobacco declining nicotine growing.
British American Tobacco signals ITC stake disposal https://t.co/RdhBvavDNj https://t.co/MxmtWeRM67
British American Tobacco's shares rose after it said it was trying to overcome regulatory hurdles to selling at least part of its stake in Indian company ITC, valued at more than £14 billion https://t.co/JbsOHdZ6X2