Imperial Brands Share Discussion Threads

[action] 07/8/2020 10:46

I think if it reaches around 1000p as per buywell chart they will again rebase divi. I think best thing for this dharr is to declare flexible divi based on profits like other mining co. Ie BHP RIO .

[arja] 07/8/2020 10:20

just looked at BATS chart and you are right. chart support at about 2370 it seems .

[p0pper] 07/8/2020 09:46

ii's still selling and pace of that picked up a bit lately, same for BATS

[arja] 07/8/2020 09:37

still trying to stay above the 1250 level but quite a struggle even with US markets buoyant . hence seems likely to trend lower sadly as US markets must have a correction soon I would have thought .

[1viky] 07/8/2020 06:33

SEEKING alpha on Philips morrishttps://seekingalpha.com/article/4365516-industry-leader-philip-morris-will-raise-dividend-again-in-september

[1viky] 07/8/2020 04:44

BAT had a reasonable quarter.US consumption is a concern though .

[kiwi2007] 07/8/2020 00:25

...During the quarter under review, revenues from combustible products were down 19.1% to $5,045 million due to declines in all regions...Cigarette shipment volumes fell 17.6% to 151.4 billion units in the quarter,...Phillip Morris

Excuse the pun but this really is a dying market...worse than I thought... seems lots more people either stopping or going the illegal route.... I hold but not looking to top up at the moment.

[essentialinvestor] 06/8/2020 15:58

danes, let's see. I don't have a crystal ball obvs, just giving a view.
Luck if you are holding.

[action] 06/8/2020 14:34

May be they should go like miners for divi I.e % of net profit to be paid out as divi. It will give them more flexibility to pay off debt every year.

[daneswooddynamo] 06/8/2020 09:53

The new chief exec will have been very much involved with the decision on the divi cut even though he was not then in situ. Debt reduction was stated as a central objective!

[buywell3] 06/8/2020 09:51

USA Debt to GDP ratio now set to hit 200% in 2021

That is when debt for big companies becomes a real problem

Cos Banks themselves as well as Governments will be strapped for cash

[minerve 2] 06/8/2020 09:39

Seems to me that the previous board got too comfortable. Time for deadwood and spongers to be kicked out.

[minerve 2] 06/8/2020 09:37

Not sure what rationale is behind those thinking the dividend needs to be cut again or a cash raise is needed.

Net debt is forecast to reduce at between 9.1% and 9.9% per annum after current dividend has been paid. This company is generating c£2bn of free cash flow so I don't see where the rationale for dividend cuts or rights issues is coming from.

[gabsterx] 06/8/2020 09:07

Before cutting the dividend again the first thing that should be cut is the payroll related to the incompetent board and directors.

[essentialinvestor] 06/8/2020 08:48

As mentioned previously I've watched the new CEO present a couple of times for Inchcape (not in person) and he appears to take no prisoners. Which is why imv the once reduced
dividend may be reduced again. Would also expect debt reduction to be explicitly
stated as a central business objective.

[buywell3] 06/8/2020 08:28

New CFO and then a cash raise IMO

[patientcapital] 06/8/2020 08:26

All except the owners...

[meijiman] 06/8/2020 08:18

Protected by the ceo and now outed as being sub optimal. What a fantastic gravy train this is...riches for all no matter how useless they are.

[bonio10000] 06/8/2020 08:08

That is a hell of a graph.

[spud] 06/8/2020 07:59

Pushed imo albeit with his pockets bulging with loot. First of Sweep's scalps.Who's next I wonder...spud

[irenekent] 06/8/2020 07:49

Oliver Tant(CFO)jumping ship. First one gone. Seems to be getting all the usual rewards for failure.

[gabsterx] 06/8/2020 07:47

Well the CFO has now called it quits, let's see what this will mean for the share price.


IMPERIAL BRANDS PLC

Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42

Chief Financial Officer of Imperial Brands to retire

Imperial Brands PLC today announces that Oliver Tant has decided to retire as Chief Financial Officer and will leave the Company once a suitable successor is found.



Chair Therese Esperdy said: "On behalf of the Board, I would like to thank Oliver for the contribution he has made during his seven years with Imperial."



Chief Executive Officer Stefan Bomhard and the Board are actively progressing an external search for a successor and are focused on recruiting a high-calibre individual to support Stefan in strengthening performance and creating long-term value for stakeholders.

A further announcement will be made when a new Chief Financial Officer is appointed.

[arja] 05/8/2020 16:11

good point Spud and share price might be supported up to ex div date .

[spud] 05/8/2020 15:19

The main thing this has going for it in light of any positive news and with most companies cutting or even cancelling theirs, is the strong dividend (1.63%) for this Quarter. As it goes e.d on 20th, I wouldn't be surprised to see modest gains going forward.

spud