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BRITISH AMERICAN TOB PLC

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BTI trade ideas

British American TobaccoBritish American Tobacco (BTI, 52040c) - Equity holders of the share should take cognizance of the long-term technical risk as the price continues to trade near its horizontal support zone at 50880c while currently breaching the incline support in place since the swing lows of January 2019. The aforementioned horizontal support has remained in place since August 2019 while the price has continually developed lower highs. For the value to become apparent, the price needs to clear and hold R575-580. The current structure however suggests persistent weakness and buyers lacking conviction. Monthly chart. The above is an extract from today's research note, which also includes SHP, CML, SYG, ANG and AMS (local) as well as AMZN, AVY, HPE, NXPI, MTH in the US. Also included are 6 ETFs which have caught my attention. Today gain access to theser insights and real-time ideas, get in touch today.
JSE:BTI
by LD_Perspectives
British American Tobacco PlcI've noted this previously in my research report (21-March, see related), but we may be seeing a failed head an shoulder technical formation unfold, which could lead to higher prices. Since the company's trading update, the the price action has improved, with the first minor trend line extending back to 23 March having been breached. The big level is R570, which will also be a breach of the 50-week EMA. This is more of an equity portfolio idea than a short term trading one. Currently trading at R558, but if it weakens to be R530 then i''ll consider it temporary failure.
JSE:BTI
by LD_Perspectives
Possible Swing trade for $BTI if it hits $35$35 seems to be a strong support level for British American Tobacco, will be looking to sell some puts or go into a long position if it falls to $35 and below. Also earnings at approximately $4 per share will provide great support as it will be trading at p/e of 8.75 which is extremely cheap for a global consumer defensive business growing at 2-3% EPS. Additionally as its a UK based stock listed as an ADR in the United states, there would not be the usual 30% US withholding taxes on BTI's dividends which improves its overall total return profile. Total expected return (1 year time frame if it returns to 15X EPS multiple) = 8% ($3 per share dividends) + 3% EPS growth X 66% (possible revaluation tailwind if revert to 15X multiple) = 79% total annualized return Total expected return (5 year time frame if it returns to 15X EPS multiple) = 8% ($3 per share dividends) + 3% EPS growth X 11% (possible revaluation tailwind if revert to 15X multiple) = 22% annualized CAGR return for next 5 years
NYSE:BTILong
by FIRE_CAPITAL_SG
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