That stock News

Questor says HOLD

Third quarter results yesterday of British American Tobacco is arrived below the expectations of the market, as volumes declined by 526bn 1pc batons.Les volumes have increased in Asia - but fell around elsewhere.

"Difficult economic conditions, excise duties and high unemployment rate-based price increases led to a softening of our volumes," said Paul Adams, Chief Executive. "Impact of the recession on consumers is still with us and shows no sign of abating."

There are even accelerated group four main brands - Dunhill, Lucky Strike, Kent and Pall Mall - with 8pc growth.However, some was to Japanese customers in advance of an increase in duty storage.

The shares are trading on December 2010 multiple 13.8 times earnings, falling to 12.6 year prochaine.Le current performance is 4.7pc.Il comes from a peer regarding premium Imperial, which trades
on a multiple September 2011
10.3 times.

Shares were initially recommended as income play ￡ 21.79 26 February this year and they are now compared 10pc in advance with the FTSE 100, which is 6pc.

Actions now are a hold down to rally the slowdown, but the looks rock solid dividend.

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