British American Tob (JSE: BTI)

914.10 now, bit of green this morning.

914.10 now, up nicely today!

914.10 now, nice green day for BTI

898.33, that's a nice pop today.

898.33, green day for BTI holders.

Down to 891.74, eish. Holding tight.

891.74 now, eish. Holding through it.

891.74 and bleeding. All red today.

Good Morning Everyone! 923.21, up 2.03% today.

923.21 now, that's lekker!

BTI at 906c trades on a yield north of 8 percent with steady cash returns, but the structural headwinds in tobacco demand and regulatory tightening mean you're essentially harvesting a declining business rather than owning growth. The valuation might look cheap on P/E grounds, ye

BTI sitting at R915.67 and the dividend still looks decent enough to carry the position, but I'm curious if anyone's tracking the ESG headwinds hitting big tobacco across emerging markets. At what yield does the risk-reward flip for you?

BTI sitting at 915 with that dividend yield still looking decent for income plays, though the regulatory headwinds on tobacco keep it rangebound. Revenue growth is tepid but the cash generation keeps the payout solid, so there's a floor here if you're comfortable holding for yiel

Added to BTI at 929 on the dip, the dividend yield is sitting around 8.5% and the business still generates solid cash despite the headwinds, so I'm comfortable holding for income.

Picked up more BTI at R891 on the dip because the dividend yield is sitting around 8% and management's cost controls are actually delivering in a tough consumer environment, even if volumes remain under pressure.

Topped up BTI at 891 on the dip given the 8.5% yield looks decent relative to the earnings headwinds, though currency exposure and the shift away from combustibles remain structural drags.

BTI at 871c is trading at a meaningful discount to its peers like Remgro on a yield basis, which makes sense given the structural headwinds in tobacco. The dividend remains a draw though, assuming regulatory risk doesn't blow up the payout.

BTI at 885c trades on a depressed valuation relative to its 8% dividend yield, though the structural headwinds in tobacco are real and the rand weakness cuts both ways on earnings conversion. The key question is whether management can stabilize volume declines faster than pricing

BTI sitting at 900 cents with that dividend yield still looking decent, but the whole tobacco narrative feels stretched at these levels. Anyone here still holding or have you moved to other defensives.

BTI at 902c trades on a yield north of 10% which is compelling for income hunters, but the declining cigarette volumes and regulatory headwinds mean you're being paid for contraction. The valuation is a trap unless you believe the margin expansion story holds up.