@merchant hold on to your cash. BAT was overpriced under its standards, and due for a correction. Three things are not going well for the share currently.
1. Industry issues like counterfeits and claims of favouritism for MTK
2. Budget round the corner and excise on cigarretes expected to go up
3. The general bearish sentiments because of 2012, arab crisis, oil prices etc.
BAT has 2 distinct classes of shareholders: the institutions and the small time retailers. The institutions rarely sell, preferring dividend pickings while the retailers are more likely to react to factors such as above. The retailers have started reacting and the fall in price will only fuel the negative sentiment, causing further drops. The daily volumes rarely exceed 500 shares at such times. In conclusion if you want to pick small volumes, just wait as the retailers offload. I think 200 is possible during the year.

I wouldn't touch BAT before this hungry government reads the budget next month. I know BAT has diversified well outside Kenya but Kenya is still the key market.
But who knows - BAT always seems to come out stronger every time when even seemingly impossible huddles are erected on their path.

Tell me about it. Very resilient stock this one is...