Hints and tips:
...As has been the case for several years now, British Land’s discount to net asset value is sizeable, and so is its dividend yield....
...Etc.) (Total side-note but the Official website has the most heartbreaking FAQ entry ever: ) Roasting aside, it’s a strategy....
...Downtown cities have too much space given over to parking and commuters spend too long idling at slow speeds, etc. Robotaxis solve everything....
...Imperial Brands, the maker of Davidoff cigars and cigarettes, sold its Russian operations to a local partner soon after the invasion, taking a $463mn hit to annual profits....
...Was he using this discount, or leveraging deals (often offering superior pizza-purchasing-power)? Does he bother to claim a discount on pizzas he is putting on expenses?...
...Sharma is watching margins on discretionary goods (electronics and so forth) particularly closely, as there is excess inventory in the supply chain and, if consumers do push back, they will get discounts...
...PMI will not revive aborted plans by Swedish Match to unwind its cigar business. Swedish Match announced that it would sell off the unit in September 2021 but suspended the process in March....
...The company also has a cigar brand which it unsuccessfully tried to spin off at the end of last year....
...It was where I learnt the indelible smells of cigarettes and beer and paper currency. I often went with my grandfather, a cattle farmer and cardplayer....
...“Maybe if the situation improves, I can reduce the discount.”...
...I am about to take up smoking again, for the first time since quitting cigarettes 20 years ago. The man who was once nicknamed “Mr Handle-It-Make-It-Happen” marches outside with the stogies....
...“One is that family businesses do better and there are reasons that make sense for that: levels of trust, facility of communication etc....
...Japan Tobacco, the maker of Camel cigarettes outside the US, has launched a cigarette-sized menthol cigar in the UK that campaigners say is an attempt to evade an impending ban on flavoured cigarettes....
...However, seven companies are now trading below their last repor t e d T NAV figures, with the most incongruous being the c60% discount for McCarthy & Stone and c30% discounts for Redrow and Vistry....
...The fact an agreement has been reached therefore, and at no further discount to the held for sale amount, is a boost for sentiment....
...Barratt, Persimmon, Foxtons etc are all up a bit in response....
...This was driven primarily by consistent volume growth in US cigars and Scandinavian snus....
...Until the smoke clears on the vaping regulatory front that discount will not close....
...After a stint as marketing director of John Middleton, the cigars and pipe tobacco unit, he moved to Zurich for his first international assignment at Richmark, a non-combustible start-up Altria launched...
...These cigarette-like devices produce fewer harmful chemicals than cigarette smoke. They have have sold well in some markets, such as Japan....
...The insurer placed at 315p apiece, a 5 per cent discount, to raise £247m and inflate its share count by 15 per cent....
...We would discount this outcome as it shows sales 3% above FY19 and EBITDA at parity....
...Time for a recovery multiple: Hays is trading on 1.8x FY22 EV/GP, which is a 20% discount to the mid-cycle average of 2.2x....
...The US Food and Drug Administration is planning to ban menthol cigarettes and flavoured cigars, and also severely restrict the availability of flavoured ecigarettes to locations that are off limits to anyone...
...TATE has done sterling work on rebuilding its balance sheet and cashflow in recent years, reflected in FY20E ND:EBITDA (inc. IFRS 16) of 0.9x & 1.8x FCF dividend cover....
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