Imperial Brands Share Discussion Threads

[gary1966] 01/7/2021 17:51

Spring Mountain starting to splash their cash here now. Added 0.8% of the company recently.

[philanderer] 01/7/2021 10:40

Yes, mine in too now :-)

[2bracken] 01/7/2021 08:09

Thanks for answers - also transferred from EQi, hence the query. Divi credited this morning

[rik shaw] 30/6/2021 20:45

I've just been transferred from EQI to ii and am also waiting for ii to credit dividend.

[minerve 2] 30/6/2021 18:53

Dividend paid into HL account.

[philanderer] 30/6/2021 18:47

2bracken , no dividend paid into my ii account. They were a day late with my MRW dividend this week as well. EQI who I was with before being taken over by ii always paid on the day.

[medieval blacksmith] 30/6/2021 18:46

A CEO is rated by business performance rather than share price performance making all that previous post complete and utter meaningless tripe.

[wunderbar] 30/6/2021 18:43

What a difference a year makes…or perhaps not!

Those of you who are clued up on IMB will know Stefan Bomhard has now completed one year service at IMB having been appointed to the Board as CEO on 1 July 2020. So here we are one year on and the fact of the matter is neither Bomhard’s arrival or turnaround plan have had any meaningful impact on the share price whatsoever. I’ll let the stats do the talking.

On 30 June 2020 IMB closed at 1539p. Exactly one year later the closing price is 1557p which means in the past 12 months the share price has gained just 18p (+1.15%). YTD 2021: +6.5p (+0.42%). On the plus side the YTD performance (so far) is a marked improvement on recent years noting between 2016 & 2020 the share price declined on average by 15% each year. In fact the last time IMB had a positive year was 2015 when it gained 21% (y/e c.3600p). Since then it’s been all downhill. 2016 (-1%), 2017 (-11%), 2018 (-25%), 2019 (-21%), 2020 (-18%).

Given the negligible increase of past 12 months I would best describe IMB’s share price movement as going sideways rather than being progressive, not really breaking any ground, certainly not showing any real signs of a recovery at this moment in time. For me, the first tangible sign of a recovery starts with a sustained move above 1700p, but in terms of real recovery that would be a breakout of 2000p.

Hopefully we’ll start seeing some upward momentum in the second year of Bomhard’s reign. In the meantime Mr Market is still being ruthlessly stubborn, still not prepared to re-rate the stock.

[medieval blacksmith] 30/6/2021 18:39

Spud showing his true colours as the closet Little Englander. :)

[spud] 30/6/2021 17:57

Yep. Got mine early doors. spud

[2bracken] 30/6/2021 17:39

Can anyone with ii confirm if divi has been paid into account today? Thanks

[spud] 30/6/2021 15:25

Well they pretty much rule The United States Of Europe under Merkel...

spud

[time 2 retire] 29/6/2021 17:54

Dividend payment day tomorrow 👍

[fenners66] 18/6/2021 00:36

Another bizarre buyback example , is that of the multibillion investment company , responsible for investing everyone else's money....

I know , this sounds made up...

So their day job is investing everyone else's cash to make a return.
But when faced with surplus cash of their own... they bought back their own stock.

But you say , that shores up EPS and so makes even lower profits , spread over less shares to give a greater EPS and higher dividends ?

What could go wrong ?

Aside from the fact that it invited the world to conclude that if the company could not invest its own money why should it be trusted to invest anyone else's ?
Redemptions increased and FUM/AUM declined.

But it gets better.

After frittering £Bln's on its own stock SLA soon to be renamed "Abrdn" (no I am not making that up) ....
.... CUT it's dividend by about 33%

Yes you guessed it the share price has lost about 41% since the buyback started.

So what % of buybacks fail ?

[fenners66] 18/6/2021 00:23

I believe Warren Buffet was cited as some evidence of the infallibility of buybacks earlier.

There is a lot of inconsistency in Buffets approach to buybacks - yes Berkshire Hathaway does them , BUT Buffet avoided investing BH's cash in companies that did them.

Eventually he bit the bullet and bought US airline companies stocks a few years ago whilst they did about $50bn of share buybacks.

He ditched those stocks last year and LOST if memory serves correct about $11bn and I believe decided to go back to plan A and forget about investing in companies doing buybacks.

Those US airlines then went back to the markets cap in hand asking shareholders to stump up ... yes you guessed it ..... $50bn so they could survive.....

I did the research on that last year so may have got some details slightly wrong - but essentially that is the real story.

So the question remains - what % of buybacks are Fails ?

If you want to go all statistical and skew the figures by the value rather than the volume of buybacks , I am certain that the US airline industry example is a rather large % on its own

[cassini] 17/6/2021 22:54

Then, as if by magic, the Shopkeeper appeared...

[minerve 2] 17/6/2021 22:48

Glad that there are some here who understand buy backs.

You are wasting your time here MB.

Most of them here are British Little Englander chimps. Ham & Eggs folks!

ROFLMAO


SPUD MR POTATO HEAD!

GOOD ONE.

[minerve 2] 17/6/2021 22:45

Some are obviously missing me. :)

Chill out brothers…

[jrphoenixw2] 17/6/2021 20:49

Well said Gary1966^, this is my experience too. For example with BKG Berkeley Homes, the profits were lavished on buy-backs, it made the Directors richer but killed the income for regular Joe investors.

I'd prefer no buy-backs and long-term more stable divs. Then I can decide where to invest (elsewhere) or re-invest, as I choose.