John Daly, the COO of British American Tobacco sold around a third of his shares
this week. The first quarter has been hit by overseas sales due to exchange rate
movements.
Does he feel that there is a headwind for British American
Tobacco or does he need to free up some cash for personal reasons? A lot is often read into directors share sales however it could be for anything in my view and whilst past history is no guarantee for the future, I feel British American Tobacco's dividend policy is solid in recent years so I am staying put.
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