$BTI (-1,14 %) has its earnings report in two days. Here are a few things I expect and would like to see.

First of all, the wishes

• The sharebuyback program remains suspended for the time being. I want to see the debt reduced.
• none combustible growth, especially in Europe

What I am assuming

• I think the figures will be as sobering as Altria's, but there won't be a big price increase compared to Altria
• Market position will be much better than Altria
• Confirmation of a growing nicotine market
• Vuse continues to build its market position better than expected
• Declining sales volume of cigarettes, less than Altria
• Rokord sales of none combustible products

For the time being, the share price of $BTI (-1,14 %) neither up nor down, due to the enormous lack of interest in big tobacco. I expect to see the first real price movements towards Q3. I can well imagine that disposable vapes will be banned by the end of the year, at least in the USA.