9Mo·

$BTI (+0 %) 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 (+0 %) 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.

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