Market Wrap- Stock Pick - British American Tobacco
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Imtiaz Suliman from Sentio Capital chose British American Tobacco as his stock pick of the day. The share has come under a lot of pressure since the US on the news of a possible ban on menthol in particular.
"I think it's priced in a complete loss of that portion of the business which is quite punitive. These regulations take quite some time to come through before it's fully implemented. It could be a period of seven maybe ten years so I think it's trading at a good dividend yield, price earnings of 10 and and sharing good food failure these levels"
"I think it's priced in a complete loss of that portion of the business which is quite punitive. These regulations take quite some time to come through before it's fully implemented. It could be a period of seven maybe ten years so I think it's trading at a good dividend yield, price earnings of 10 and and sharing good food failure these levels"
