Imperial Brands Share Discussion Threads

[redbaron10] 17/11/2020 09:53

Buyers' strike over here? Even ESG investors must be tempted with a dividend yield like this.Still fund managers have to stick to their ethical standards.Sin stocks and PM investing has served me well.Big tech growth stocks have outperformed but i look for value income earners.Imb ticks that box.

[spud] 17/11/2020 09:20

In a years time, you'll more than likely be saying 'Should have bought more on 17.11.20'spud

[strutt12] 17/11/2020 09:16

I should have bought more first thing ;-)

[gaffer73] 17/11/2020 09:12

I should have held, well done guys.

[spud] 17/11/2020 08:31

Imperial Brands Fiscal Year 2020 Pretax Profit Rises on Higher RevenueSource: Dow Jones NewsBy Matteo Castia Imperial Brands PLC on Tuesday reported a rise in pretax profit for fiscal 2020 on higher revenue, and said it expects further progress in fiscal 2021.The tobacco company--which includes Davidoff, Gauloises and JPS among its brands--made a pretax profit of 2.17 billion pounds ($2.86 billion) for the year ended Sept. 30, compared with GBP1.69 billion in fiscal 2019. This includes GBP90 million of coronavirus-related costs and GBP50 million of regulatory-compliance costs, the company said.Revenue rose to GBP32.56 billion from GBP31.59 billion a year earlier.The board declared a final dividend of 48.01 pence a share, for a full-year payout of 137.71 pence, down from 206.57 pence the prior year. This reflects the rebasing of dividend payments announced in May, when the company revised its dividend policy and lowered the payouts by one third in order to prioritize net debt reduction.The company said it expects business to be stronger in fiscal 2021 and guided for a low- to mid-single-digit growth in organic adjusted operating profit.spud

[daneswooddynamo] 17/11/2020 08:29

Still chronically undervalued although it’s starting to focus more on where it might go up to rather than where it’s come down from

[trikytree] 17/11/2020 08:25

Delayed reaction lol. Suits me as had a top up at 08:15

[creditcrunchies] 17/11/2020 08:21

Even the Times are reporting these as positive. EasyJet on the other hand reports record losses even after tapping shareholders for an extra £419 million cash at £7.07 a share. First qtr of next year running at 20% capacity. You can see another rights issue at that rate.

[creditcrunchies] 17/11/2020 08:02

dropping though but we're used to that lol. That gives me £5500 dividends a year though. Plus BATS I get £1500 a year approx. That's £7000 just from those two.

[scepticalinvestor] 17/11/2020 07:55

Not too bad at all

[creditcrunchies] 17/11/2020 07:55

Dividend Payments
The Group has paid two interim dividends totalling 41.70 pence per share in June 2020 and September 2020, in line with our quarterly dividend payment policy to give shareholders a more regular cash return.
The Board approved a further interim dividend of 48.00 pence per share and will propose a final dividend of 48.01 pence per share, bringing the total dividend for the year to 137.71 pence per share. The third interim dividend will be paid on 31 December 2020 with an ex-dividend date of 26 November 2020. Subject to AGM approval, the proposed final dividend will be paid on 31 March 2021, with an ex-dividend date of 20 February 2021.

[rimau1] 17/11/2020 07:36

Tom - £0.7bn of the £1.0bn debt reduction is temporary inflows from deferrals and will reverse.

[salver2] 17/11/2020 07:34

Results seem ok to me the pe of this gate is about 5.2 with a yield a fraction less than 10 percent - how on gods earth is this share so low ??

[tomleafs] 17/11/2020 07:20

Am I reading this right, almost £1bn of debt reduction without taking into consideration the recent sale of the cigar business (post balance sheet event). Why was Alison in such a rush to sell that quality asset? :-/

[creditcrunchies] 16/11/2020 23:37

If you look at their last trading statement it gives "NGP net revenue is
expected to be around 30% lower than last year at constant currencies." So I wonder how the market will take that.

NGP net revenue2 £m 285 in 2019 results, so 30% lower is around £m 200. So £85 million lower.

I'm trying to figure out what could be positive, well we'll find out in a few hours time. If you look at all of their guidance it's got 2022 as the year they'll see improvements. I have to say I'm not looking for anything positive except the dividend remains intact because everything else looks flat to awful

[cassini] 16/11/2020 23:36

No idea if ADVFN's financials are accurate but for pre-tax profit/turnover the ratios (in %)for IMB and BATS are:

BATS: 30.6%
IMB: 5.3%

These ratios are fairly similar to Credit Crunchies figures from Stockopedia if you do the sums.

That said, BATS has fallen to half its share price peak, IMB to around one third, so there's been a general drop in tobacco stocks anyway.

Makes one wonder why IMB hasn't fallen further given it appears to need six times more turnover than IMB to achieve the same pre-tax profit.

Of course that's the figures for one year, 2019, I've no idea about one-offs or exceptionals so maybe the true story is more complex...

[minerve 2] 16/11/2020 23:08

Credit

Imperial Brands is a much lower margin business than BAT, PM and Altria.

[creditcrunchies] 16/11/2020 23:04

I don't know if the stockopedia data is a screwed but in 2019 it's got BATS with a revenue of £25.8 Billion and an operating profit of £9 Billion, it gives IMB a revenue of £31.6 Billion an operating profit of £2.2 Billion. There's a huge shortfall in profit for IMB on revenue you'd think they'd be much closer than that being in the same business.

[creditcrunchies] 16/11/2020 22:48

I hope these results are better than last year they bloomin crashed from £22 to about £18 in one day it was a horrorfest it was lower than forecast profits, huge rise in debt and a slashed dividend. It was a motorway pile up none of it matched their trading update weeks before. Since then it's gone from a high of £22 to a low of about £12.

[spud] 16/11/2020 14:13

Imperial Brands's new strategy and easyJet's cost savings in focus on Tuesday
Results from Experian, Homeserve, Big Yellow and Gear4music are also in the diary



Imperial Brands -
Imperial's Stefan Bomhard
Dividends will be a big focus for Imperial Brands PLC (LON:IMB) when it puts out its final results on what will be a fairly busy Tuesday for London’s business diary.

Last month, new boss chief executive Stefan Bomhard promised to “share some initial observations about the business” alongside this week’s full-year results before he lays out a more detailed strategic update early next year.

Imperial also revealed some headline numbers for the year to September 30, including that revenues were up around 1% in at constant currency rates but that earnings per share fell around 6%.

Bomhard, who joined the big tobacco group at the start of July after five year in charge of car dealership group Inchcape, is looking to stub out the embers of a remarkably bad year, which featured two profit warnings, a sudden change of chief executive, a dividend cut and a slump in the share price to their lowest in around 16 years.

One area that Bomhard will be looking at it is the poor performance of the group’s next-generation products (NGPs), including its Blu vaping range, Pulze heat-not-burn tobacco and Skruf snus.

Analysts at RBC Capital Markets have suggested another novel strategy, saying that if the company’s copious cash flow was used for bigger share buybacks the company could buy back its current market value within seven years.

spud

[gaffer73] 16/11/2020 12:09

Nice pop up, that's me out for now. GL everyone.

[creditcrunchies] 16/11/2020 10:56

Just do the opposite to Buywell he was calling RMG going to sub 100p when it was around 150p it's now around 280p. He does the same on BATS, there are quite a few others his name appears usually stocks that are at extreme value level. When he keeps posting in a downtrend it's a pretty good sign it's about to reverse. The argument he uses seems logical enough but markets don't do logic they look for opportunities to make quick profit. The other aspect is a lot of these stocks are heavily shorted so when there is a bounce it forces them to be buyers with the crowd.

[gaffer73] 16/11/2020 10:39

Where's buywell? Don't think this is dropping to 999p, he never did post that chart.

[creditcrunchies] 13/11/2020 14:53

it's like that Buywell for any treatment nowadays not just Covid they check your BMI, your age, whether you have diabetes, pre-existing conditions then decide. They never check how much tax you've paid into the system where smokers and drinkers have paid in way more than anybody else. That's life for ANY treatment, I've even seen family members refused treatment when they don't drink or smoke. It's the reality of modern healthcare.