10% stake increase after a power point presentation is brave, I sincerely hope it turns out well since BAT makes 24% of my portfolio and is by far my biggest position.
I often consider adding more shares, but I will wait and see how the illicit vaping situation in the US resolves, or at least until the November elections.
I've just watched the whole capital market days material.
One point we should not miss is cost discipline mentioned in Soraya Benchikh presentation. Overhead cost discipline, cost of sales effectiveness and headcount reduction is impressive, all this while running a cash flow rich company allowing for excess. Well maybe they just hide it well :)
My biggest position with about 200K EUR invested...
10% stake increase after a power point presentation is brave, I sincerely hope it turns out well since BAT makes 24% of my portfolio and is by far my biggest position.
I often consider adding more shares, but I will wait and see how the illicit vaping situation in the US resolves, or at least until the November elections.
I've just watched the whole capital market days material.
One point we should not miss is cost discipline mentioned in Soraya Benchikh presentation. Overhead cost discipline, cost of sales effectiveness and headcount reduction is impressive, all this while running a cash flow rich company allowing for excess. Well maybe they just hide it well :)
Anyway, I'm buying some more.