Attended 2019 BAT (British American Tobacco) Annual General Meeting for shareholders.
This year's gift is a food tray, water and a buffet voucher for Hotel Majestic (owned by YTL Hotels). The Buffer voucher had a few caveats, it's not valid for peak hours and public holiday and weekends.
To be frank, I bought this stock years ago after reading this book called "Dividends don't lie" by Bill Wermine. The basic premise is to basically invest on companies with good track record of paying dividends. I bought the stock at RM 40, it's now only RM 36, overall still in net loss position. I should have bought Nestle then, today that stock had risen many times over.
Nothing new during this year's meeting, the same old argument that Malaysia is plague by illicit contraband cigarettes. The company is considering opening back their factory in Selangor but depends on the environment.
Nothing new during this year's meeting, the same old argument that Malaysia is plague by illicit contraband cigarettes. The company is considering opening back their factory in Selangor but depends on the environment.
1) changing consumer landscape to use electronic cigarettes
2) lots of contraband (illegal cigarettes that is smuggled in without paying tax)
3) changing millennial habits to stay fit, cigarette smoking no longer a cool factor
4) enforcement , less places to smoke
As such, I might sell of and retain a few shares just to attend AGM.