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Real-Time news about Imp.Tobacco Grp (London Stock Exchange): 0 recent articles
|chester: What's been hurting the share price the last few days ?|
|deanforester: I got them when Hanson demerged in 1996, share price then was 375p. Added more over the next 2 years around the 400p level, and sold the rights in 2002. Trimmed the holding back 4 times before the next rights issue in 2008, which I also sold. Since then I've added a few more at 2200-2300p, and my total return has been 22.6%. Most of the dividends have been reinvested elsewhere.
A very reliable source of income.|
|speedsgh: Imperial Tobacco undervalued despite regulatory concerns - HTTP://citywire.co.uk/money/expert-view-imperial-tobacco-home-retail-and-trinity-mirror/a820239?ref=citywire-money-picture-galleries-list#i=2
Regulatory fears in the UK have pushed down the share price of Imperial Tobacco (IMT).
Berenberg analyst Erik Bloomquist retained his ‘buy’ recommendation and target price of £36.50 on the shares, which rose 1.5% to £32.67 yesterday.
‘Imperial Tobacco’s share price was down as much as 1% early Wednesday due to concerns about the regulatory outlook in the UK, driven by a report published by the partially UK-government funded non-governmental organisation Action on Smoking and Health,’ he said.
‘One of the policies of particular concern for tobacco investors is a levy on tobacco firms, a proposal that was defeated in the last Parliament but which is again being pushed to the forefront with the refinement that companies should not be allowed to pass on the cost to consumers.’
Despite the regulatory worries, Bloomquist said Imperial Tobacco was ‘still undervalued on our estimates, with a share price of £36.50 reasonable as it implies only 15x our 2016 forecast earnings per share’.|
|danieldruff2: It's just yield support and mathematics I would say. They have increased the divi by about 9% a year over the last six years. If they can do that going forward for another six years, and the yield remains as it is now, share price goes to 4337p. In their statements they talk about the dividend increasing at least 10% a year. If they can do that for 6 years from here, then the share would be on 4580p at same yield.|
|joshuawu: ... don't beat yourself up about this EssentialInvetsor, this one is next to impossible to call, apart from saying with some justifiable certainty that it will be very volatile for several weeks still! Who would have guessed almost the whole 80p might have been recouped in the week of ex-div!
If you look at the 2 year chart you'll see this is up and down like a yoyo, even without the extra impetus of a huge ex-div (3.3% for 6 months) and the takeover talk always surfacing every time there is any weakness in the share price.
Depending on which broker tips you follow and which articles you read, this is worth any price from 2270p up to 3500p if the takeover ever happens.
Expect continued and increasing volatility until Japan Tabacco andor BATS and possibly one other make their mind up.
Also keep in mind that it could take years - so relax and have fun!|
|speedsgh: Imperial Tobacco Group (LON:IMT) and British American Tobacco (LON:BATS) were under pressure after media reports that Chinese health authorities aim to impose a nationwide smoking ban in public places by the end of this year. Imperial Tobacco's share price dropped 2.4 percent to 2,257.75p and BAT's share price fell 1.0 percent to 3,154.5p.|
|philanderer: Newspaper tips
Imperial Tobacco has become one of the top 10 FTSE 100 shares for dividend yield, the Mail on Sunday's Midas column said. Its share price has lagged because consumers have cut back on smoking or turned to the black market but the dividend is resilient and set to rise. The forecast yield for the year ended September 30th is more than 5.2%. BP has also entered the list an d it too yields more than 5.2%, Midas said. The top 10 yielders, which also comprise Admiral, Royal Dutch Shell, Admiral, SSE, National Grid, United Utilities, Resolution and RSA, are rivals to Royal Mail for investors seeking income.|
|philanderer: Independent newspaper
Our view: Buy
Share price: 2,103p (+10p)
Imperial Tobacco has been hit by a price war and smoking ban in Spain this year. But yesterday the maker of Davidoff cigarettes reassured the market that its performance for the year to the end of September remains in line with management's hopes.
While the price war in Spain has effectively come to an end, the City does not expect this to deliver any benefit for its full-year 2011 figures.
That said, there is plenty to recommend Imperial Tobacco's shares, if not the impact of its product on customers' health. Analysts at Investec have estimated that the company ended the year on a high and forecasted growth in fourth quarter revenues, excluding acquisitions, of 2 per cent.
This uplift was driven by price increases, as its volumes fell by around 2 per cent. These figures represent an uptick on its performance in the third quarter and are in line with those expected by Imperial Tobacco over its full year. Indeed, when Spain and the impact of a price increase in the UK is excluded, Imperial Tobacco expects full-year revenues to be higher by 3 per cent, with the volume of cigarettes sold falling by less than 1 per cent.
The company cited strong contributions from its Eastern Europe, Asia-Pacific and Rest of the European Union countries. Given this performance and its attractiveness as a defensive stock in a downturn, we feel the market is currently undervaluing the business.
Its shares trade on a forward earnings multiple of 10.3, which is a slight discount to the sector. We think this is highly attractive valuation for a company, whose customers continue to buy its products on a massive scale, despite relentless price increases.
Above all, however, we are fans of Imperial Tobacco from an income perspective, although we also note the £500m share buy back underway. In May, the company raised its interim dividend by 16 per cent to 28.1p and it committed itself to growing its dividend per share ahead of adjusted earnings per share after 2011.
Oh, and don't forget its shares currently yield a juicy 5 per cent. So overall, we think Imperial Tobacco is a stock for troubled times.
|philanderer: More than welcome lochgarman.
Spread betting company Delta Index have this morning suggested there could be more share price gains for Imperial Tobacco Group plc (LON:IMT) and BAE Systems plc (LON:BA).
Imperial Tobacco Group plc
Delta Index have cited a MACD crossover on the Imperial Tobacco share price for suggesting this traditionally defensive stock is a Buy.
Delta Index say, "buy at 2053, Stop 2015, Initial target 2123."
|philanderer: FT market report...
"...Imperial Tobacco down a further 2.2 per cent at £20.10 following Monday's profit warning caused by a price war in Spain.
"Berenberg Bank, which cut Imperial off its "buy" list, said the group was a "price follower" in most markets and was scrimping on product development, meaning it could struggle to replicate advances made by competitors"
Telegraph market report...
"..Slipping back too was Imperial Tobacco. Investors continued to stub out the maker of Lambert & Butlers cigarettes after it said on Monday that a price war in Spain could cost it up to £110m in profits. Analysts at JP Morgan Cazenove kept their "neutral" rating, saying: "While the statement is undeniably disappointing for the company, we do not believe that the current pricing environment in Spain should be read across to pricing trends in the tobacco industry more globally."
"Analysts at Credit Suisse retained their "outperform" rating on Imperial, but cut their price target to £23.50 from £24.20. Imperial fell 46p to £20.10."
Imperial Tobacco shares gave up 46p, or 2%, to £20.11, its lowest since 14 April, after the Davidoff maker yesterday said tough trading in Spain could cut annual profits by £110 million.
The warning, which saw the stock fall 1% yesterday, triggered a spate of broker downgrades for the stock a top holding in Neil Woodford's Invesco Perpetual High Income and Income funds as well as Stephen Bailey and Jan Luthman's CF Walker Crips UK Growth fund, a Citywire Selection star pick.
'IMT should receive some support from shareholder friendly actions announced at H1 [half-year interims] (higher dividend payout ratio and share buyback), but the price war is unhelpful in an already challenging region,' said Tina Cook, analyst at Charles Stanley.
She made the comments in a research note as the broker cut its rating for the stock whose share price has risen 8% in the past year to 'hold' from 'accumulate.'
Cook added: 'And while the issue remains Spain-specific and could prove short-lived, general concerns about weaker pricing discipline are likely to prove negative for sentiment in the near-term.'
Imp.Tobacco Grp share price data is direct from the London Stock Exchange