Imperial Brands Share Discussion Threads

[professor john koestler] 26/10/2021 15:26

Taken from a PMI slide from their Q3 results... Continued Positive Regulatory Developments Recognizing Harm Reduction Potential of RRPs • Switzerland: On October 1st, the Swiss Parliament adopted a new Federal Law on Tobacco Products and e-cigarettes, foreseen to enter into force by Q1 2023: ⎼ Dedicated product categories for non-combustible products such as HTPs, e-cigarettes and oral tobacco/snus ⎼ Non-combustible products have textual smokeless Health Warnings versus graphic health warnings for cigarettes • New Zealand: August publication of regulations for smoke free products, following the passage of the Smoke-Free Environment (Vaping) Act 2020: ⎼ Recognizing that heated tobacco products are smokeless and have the potential to reduce harm, branded packaging for HTPs can now be re-introduced with a 30% text warning specific for non-combustible products • Egypt: Smoke-free products clearly differentiated from combustible cigarettes in both fiscal and regulatory treatment We continue to support regulatory and fiscal frameworks which recognize the substantial risk reduction potential of non-combusted alternatives compared with combusted tobacco

[professor john koestler] 26/10/2021 13:09

From Essentra Plc trading update.... I wonder if this involves IMB? (➡️
1013;️) The Filters division had another positive quarter, with Q3 2021 revenue growth of 2.8% (+5.0% vs. Q3 2019), mainly driven by higher volumes from outsourcing contracts, in line with expectations. As expected, the rate of growth in Q3 has moderated as the comparatives have become tougher. The division made further progress with its 'game changers'. The China JV has made a positive start with volumes increasing each month and it has participated in a number of local supply tenders with other tobacco companies under the State Tobacco Monopoly Administration (STMA). Our range of proprietary eco-products continue to attract increased interest and the Essentra innovation team remains focused on delivering new products to market. ➡️ During the quarter, and in collaboration with a large MNC, trials have been launched into four European markets using non-plastic biodegradable filters. ⬅️ We are also working with another MNC to launch a new product in Q1 2022. We expect Q4 growth in Filters to accelerate from the levels seen in Q3, driven by the China JV and further outsourcing wins.

[redbaron10] 26/10/2021 11:31

Hopefully UK budget day will knock these down disproportionately, as sometimes happens, overacting to the extra sin taxes invariably put on by the Chancellor,especially on UK cigarettes.Below 1540p i've got some more funds to invest, with a nearly £1 dividend payable over the next four months or so.Drip,drip feed.

[philanderer] 26/10/2021 00:27

It's the usual "if my auntie was my uncle" type article. Contains 4 'mights', 1 'could' and 1 'potentially' ;-D

[dosser50] 25/10/2021 16:55

Motley fool ice recommendation today... Imperial Brands Imperial Brands is the world’s fourth-largest tobacco company by market share. Why buy? New management focusing on sensible investments and cash returns. Margins and cash generation remain enviable. Unloved and out of favour with wider market. There’s no getting away from the fact that, while margins and cash flows remain enviable, some investors will never want to benefit from them. This might result in a valuation discrepancy, in my view. The 8.7% dividend yield is covered 1.8x by earnings, which perhaps reflects the market’s pessimism, but could also offer a rare opportunity for Ice-style investors looking for a high yield that might not be at risk of a future dividend cut. While the valuation might not re-rate significantly on the back of improved investor sentiment (some buyers understandably won’t ever own the shares), it might still deliver superior total returns if organic growth improves and cash flow continues to support a healthy dividend payout ratio. Meanwhile, the company’s strengthening balance sheet and prodigious cash generation afford the flexibility for buybacks, potentially putting a floor on the current valuation.

[dmore2] 22/10/2021 19:03

Does'nt seem to bother ken Dart

[marktime1231] 22/10/2021 12:46

Thanks for those. On the one hand tobacco has 20 years to enjoy price growth more than compensating for volume decline, but despite being a "special values" fund noting that IMB is the cheapest in the sector etc he says he has rebalanced to favour other manufacturers where there might be a better growth story in next gen products. Aaaaaaaaaaagh! Even managers whose job is to appreciate value can't get past an obsession with growth. That is why IMB, the whole of the UK, is so cheap.

[spud] 22/10/2021 11:58

Deadly Tobacco: Why did Alex Wright cut Imperial Brands? https://citywire.co.uk/investment-trust-insider/news/deadly-tobacco-why-did-alex-wright-cut-imperial-brands/a1569371?ref=investment-trust-insider-video-list spud

[spud] 22/10/2021 11:55

Link amendment https://www.morningstar.ca/ca/news/215521/why-is-imperial-brands-so-cheap.aspx# spud

[dmore2] 17/10/2021 23:35

hxxps://www.morningstar.ca/ca/news/215521/why-is-imperial-brands-so-cheap.aspx#

[pugugly] 16/10/2021 12:55

redbaron10- Totally agree with you re property - Only downside is difficult to divest in a hurry and as fixed at risk of icreased taxation - Council Tax - Wealth tax etc As for most fund mangers view id “Give us your money and we will invest it for you and only charge you some 1%-2% pa plus safe custody fees of about 0.5%, but no guarantee that you will get back more – inflation adjusted after charges – than you put in - maye less." Patient capital!! Ha Ha.

[redbaron10] 16/10/2021 09:03

I don't think the UK population embraces the idea of a share owning democracy.We don't have that capitalist culture imho.Look at the lamentable coverage business and investment has in this country in our media.I appreciate there is legislation that doesn't allow views,opinions and the open promotion of businesses and companies in programmes here, but the US has CNBC business and Bloomberg and almost a running commentary on their stock market and prices.Their population is informed and educated in such matters.This side of the pond the City of London and the markets are viewed as the domain of professional investment funds and their managers.Most here, apart from handing over pension contributions for long term investing,leave their money to Hargreaves Lansdown and other investment businesses to manage their money for them.Individual stock picking by individuals is not commom place imho.Also there is the long standing issue of Gordon Brown damaging the private pension industry in the UK when he was chancellor taxing dividend returns for pension funds.There became an incentive to invest in housing stock to get a better return on investment.House prices have been rising pretty much continually as more people poured money into this asset class to help with their retirement fund/income.Lack of investment flows into stocks and equities has left many share prices undervalued in the FTSE.Just my theory on why vaiue shares and undervalued stocks don't appear to get recognised.Then there is the relatively recent ESG investment criteria aspect to funds not acquiring tobacco stocks which is another contributory factor.Hey ho.We can recognise a 9% dividend yield when we see one.

[salver2] 14/10/2021 21:10

It’s weird how most British people are unable to see how undervalued some of their shares are - Mr Dart can see it thought!

[spud] 14/10/2021 21:04

Spring Mountain Investments Ltd up to near 4.8% now. spud

[janhar] 13/10/2021 23:36

I have packed my isa with small miners too and hold RIO for my sins - slightly concerned about collapse of Evergrande and overall impact on demand for iron ore and knock on effect on China's economy.

[cassini] 13/10/2021 22:38

That's my take too - energy, tobacco, miners. OK, miners are cyclical and have been unloved recently (unless they produced iron ore but that fell out of favour too) but certainly the precious metal miners seem to have bottomed finally (famous last words). Oh, there are some financials that may qualify. Really dull financials like Chesnara (CSN) that just always seem to pay the dividend. Maybe some others like Aviva, Legal and General etc. NB: Diversified Energy (DEC) just got bushwhacked by a Bloomberg Green article, which was just a bit of a cynical hit piece in my opinion but it created an opportunity to get in at at a lower price than recently. Best held in a SIPP though, as withholding tax applies. It hit a yield of 12% at one point yesterday, and the dividend is thoroughly hedged.

[topazfrenzy] 13/10/2021 22:28

Don't forget the gold and silver miners like POLY and FRES, worth adding to your defensive portfolios imo. I'm in big tobacco and PM miners at present, some oil and that's it really.

[saltaire111] 13/10/2021 19:49

Nice NSB. Both have rallied recently. Salty

[north sea boy] 13/10/2021 18:58

Just checked, 31.89% tobacco and oil for me currently (IMB and BP). NSB

[saltaire111] 13/10/2021 18:12

@spud @janhar @1viky - good to hear I’m not alone and that great minds think alike! Salty.

[1viky] 13/10/2021 15:27

Same here , loaded with Tobacco.

[spud] 13/10/2021 14:08

Yup, holding 35% tobacco and oil. spud

[janhar] 13/10/2021 13:41

Same - loaded with tobaccos and oils and reduced elsewhere