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BAT 09 half year results
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across
#1 Posted : Friday, July 17, 2009 6:58:00 AM
Rank: Member


Joined: 5/7/2008
Posts: 54
I jus took a look at their half year results:

Gross Turnover up by 10%,PBT up by 9%,interim dividend same as last year 4.50/=,EPS up to 8.58 from 7.90 last year. Fairly 'flat' results,looking at the PBT but I am impressed by their decision to stick to their dividend policy.You surely cant go wrong especially for long term investors.My two cents. Whats your take?
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VituVingiSana
#2 Posted : Friday, July 17, 2009 7:11:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,097
Location: Nairobi
In 2009,a flat result is a great result. And the profits were +9% which is all the sweeter. So far EA Cables and BAT have shown profit growth despite turnover losses.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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