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#21 soutie

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Posted 08 January 2019 - 08:18 AM

Morning...

I think with the tepid response to beverage companies climbing into the dope scene they tend to be associated on an informed basis ie we know the risks & we're being adult about it. However for a cigarette company it's different cigarettes do kill you it's a legal requirement that must be printed on the packaging....bit of an uneven playing field in some respects...smoking while driving is not a criminal offence however drink driving gets loads of attention yet still loads of people do it. So I'm of the view big cigarette co's surely must have discussed it at board level & hey it'll only take one of the big guys to buyout a "respectable" dope co. then the gates are open should the response be similar.

But yeah fully agree it would be diversification/growth industry & with their huge capital & already huge tax contributions in the jurisdictions where they operate could be a game changer.

Cheers.

 

P.S.

Sorry to hear of your friend Snippet.


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#22 Midas1

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Posted 07 January 2019 - 05:46 PM

True re board...but selling cigarettes they must be less uptight than beverage companies like coke considering it..end day however self righteous most companies act they in it for balance sheets...and if its legal its legal even if its not a person's personal preference
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#23 Midas1

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Posted 07 January 2019 - 05:33 PM

Hi soutie.....fffffff....you right further big drop...🙄
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#24 Snippit

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Posted 07 January 2019 - 04:53 PM

Eventually I beat the addiction before it killed me but not before my good friend was taken by the effects of the addiction. No doubt my dependence will cost me many years of life. But why should any investor give a fig? The market is not for *******, its for money and if human traffic in underage girls for sex could be listed that would also be oversubscribed.

Sick planet. Described in scriptures.


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#25 soutie

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Posted 07 January 2019 - 04:52 PM

The ban is to stop youngsters starting smoking as menthol is seen as a gateway to cigarette addiction hence they asking for a complete ban.

Not sure if the board or ethical shareholders (read pension funds) would approve of a move into pot of any description for many a moon to come.

Far too soon for that.  


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#26 Midas1

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Posted 07 January 2019 - 03:45 PM

Hi...i dont think potential ban will be sorted out but i think it will take years to legally prove unhealthy and ban...they should tie up with marijuana somehow and it will rise...thats what im expecting them to do in long run
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#27 soutie

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Posted 07 January 2019 - 03:37 PM

Possible sanctions against them in U.S. on their menthol cigarette products.

Don't buy more yet IMO.

 

Their menthol range in the U.S accounts for +\- 25% of profits.

The above potential ban is the reason for the continued drop.... :rolleyes:

Until this has some degree  of clarity price will continue to drop.

Market hates uncertainty.

R465 was minor support for a while. Today was breached to hit the weak shorts stop loss but since then heavy drop to where we are now & even this is not the bottom...!


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#28 Midas1

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Posted 07 January 2019 - 02:00 PM

Hi, and now it drops further, anyone have any ideas if there is further bad news? Or is it just correction after pre dividend rise...I bought more, pays good dividends


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#29 Midas1

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Posted 20 December 2018 - 03:19 PM

Soutie think 469 support level now which is current price right now

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#30 Midas1

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Posted 20 December 2018 - 02:30 PM

Also menthol smokers will just smoke something else if banned its addictive
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#31 Midas1

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Posted 20 December 2018 - 02:27 PM

Its going up at moment...as polly says when other shares go down everyone starts smokin and drinkin :)... no im not too worried re this one bought more yesterday that article sees big increases long term...but id sell before any court issues re menthol but think years..needs be proven..if bti gets involved re marijuana which they should could be a big coup

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#32 soutie

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Posted 20 December 2018 - 02:23 PM

Hi..saw that before quite old article..aparantly will take years to pass that through

Hi so are you of the opinion that it's no cause for concern...?

At what level are you anticipating a reversal of this current downward trend..?

Any input mucho grassyarse...


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#33 Midas1

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Posted 19 December 2018 - 06:17 PM

Hi..saw that before quite old article..aparantly will take years to pass that through
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#34 soutie

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Posted 19 December 2018 - 06:06 PM

https://www.nytimes....rettes-ban.html


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#35 Midas1

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Posted 19 December 2018 - 05:29 PM

Positive article...https://www.rnsdaily...n-may-be-ending
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#36 Midas1

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Posted 19 December 2018 - 05:13 PM

R475 was support for a few days that went...Haven't looked in much detail as to where next support level could be but price is dictated in U.K. e play catch up. Shorters in full control here so be vigilant.

I bought @ R550 thinking it was cheap. 

Oh well I bought more today on the dip, I had googled prior to buying and didn't see sanctions..my av price now R489..


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#37 soutie

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Posted 19 December 2018 - 05:10 PM

R475 was support for a few days that went...Haven't looked in much detail as to where next support level could be but price is dictated in U.K. e play catch up. Shorters in full control here so be vigilant.

I bought @ R550 thinking it was cheap. 


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#38 soutie

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Posted 19 December 2018 - 05:06 PM

Possible sanctions against them in U.S. on their menthol cigarette products.

Don't buy more yet IMO.


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#39 Midas1

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Posted 19 December 2018 - 04:36 PM

Hi,

 

Any ideas why this is dropping so much other than directors changing and possibility of ban on vapour cigs? Ive bought more today...still looks like a good price to me. Good dividends too


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