Imperial Brands Share Discussion Threads

[trident5] 16/11/2021 09:09

"The Board has approved a further interim dividend of 48.48 pence per share and will propose a final dividend of 48.48 pence per share, bringing the total dividend for the year to 139.08 pence.

The third interim dividend will be paid on 31 December 2021 to shareholders registered on 26 November 2021. Subject to AGM approval, the proposed final dividend will be paid on 31 March 2022 to shareholders registered on 18 February 2022."

[trikytree] 16/11/2021 08:58

So 48.95p dividend?

[topazfrenzy] 16/11/2021 08:56

Another little top up for me on this further dip

[spud] 16/11/2021 08:51

Imperial Brands Fiscal Year 2021 Profit RoseSource: Dow Jones NewsBy Jaime Llinares Taboada Imperial Brands PLC on Tuesday reported an improved profit for the year ended Sept. 30, mainly driven by one-offs, and said it is well placed to manage inflation.The FTSE 100 tobacco group made a pretax profit of 3.24 billion pounds ($4.35 billion) in fiscal 2021, up from GBP2.17 billion in fiscal 2020. This reflected gains on the disposal of the Premium Cigar Division and lower amortization and impairment costs.Adjusted earnings before interest and tax rose 2.1% to GBP3.57 billion, slightly above a market consensus of GBP3.56 billion--taken from Vuma and based on 14 analysts' estimates.Imperial Brands declared a dividend of 139.08 pence a share for the financial year, up from 137.7 pence a year earlier.As for fiscal 2022, the company said that it is well positioned to manage inflation through its purchasing strategy, high margins and pricing. In addition, it forecast net revenue growth at a similar rate to fiscal 2021, while adjusted operating profit growth is anticipated to be slightly slower than revenue.spud

[redbaron10] 16/11/2021 08:28

Solid results.Debt down,some profit growth,1% dividend increase with their progressive dividend policy.Still waiting for duty-free sales to materially come back so a lot to appreciate with the new CEO so far.

[topazfrenzy] 16/11/2021 08:13

They always play the price the MMs at the beginning

[watfordhornet] 16/11/2021 08:04

Was not expecting a start like that after the results

[topazfrenzy] 16/11/2021 08:03

Tucked away another 100 shares on this dip

Thank you for the cheap shares Mr Market

[creditcrunchies] 16/11/2021 07:58

these got insanely cheap you need to slap a few fund managers and tell them to do their job. It did allow us PIs to load up heavy with divi yields of 10%

[topazfrenzy] 16/11/2021 07:50

The dividend is more than safe and growing, and shareholder returns should grow in the coming few years with buybacks etc, what more do you want at this valuation!

[topazfrenzy] 16/11/2021 07:47

All solid, net debt down quite a lot and close to the point where buybacks will kick in as per the article in The Times.


From the results:

'-- Deleverage to support a strong and efficient balance sheet with a target leverage towards the lower end of our net debt to EBITDA range of 2-2.5 times.

-- A progressive dividend policy with dividend growing annually taking into account underlying business performance.

-- Surplus capital returns to shareholders to be considered once target leverage has been achieved.

This year we reduced adjusted net debt by GBP1.7 billion, on a constant currency basis, with net debt to EBITDA gearing reduced by 0.5 times to 2.2 times, at constant currency. At actual exchange rates, reported net debt reduced by GBP1.8 billion.

In line with our progressive dividend policy, the Board has decided to increase the dividend by 1.0 per cent, and we remain committed to providing a reliable, consistent cash return to shareholders.'

[eaaxs06] 16/11/2021 07:45

The third interim dividend will be paid on 31 December 2021 to shareholders registered on 26 November 2021. Subject to AGM approval, the proposed final dividend will be paid on 31 March 2022 to shareholders registered on 18 February 2022.

Good luck everyone, Sid.

[saltaire111] 16/11/2021 07:41

£1.7b debt reduction. Wow!

Very good results.

Salty

[dmore2] 16/11/2021 07:37

Net debt getting delt with

Year ended 30 Sept Reported Organic adjusted(2) 2021
Net debt GBPm (9,373) (11,141) (8,615) (10,299)

[gekks] 16/11/2021 07:32

Solid results - When do we go ex div ?

[creditcrunchies] 15/11/2021 22:03

I think my biggest holding in this in my SIPP was just under £100K, if you're going into retirement this is pretty solid capital paying out the equivalent of the state pension on one stock. At the moment I'm not at that level but that's the attraction to this type of stock. It's got huge margin on product. Domestic / US sales might be falling a few % a year but global sales are still going up. You only need one tobacco, a few other defensives spread about paying 5% you're getting a decent return on your capital. Point being you're usual fund managed pension income fund is lucky to return 2%.

[saltaire111] 15/11/2021 16:53

Interesting to see IMB finals published tomorrow.

Price action today bodes well.

Salty

[leadersoffice] 15/11/2021 16:14

Bought in this afternoon.

[gary1966] 15/11/2021 14:47

Very little increase in the stake but switched from derivatives to actually holding shares for the whole of his stake.

[trident5] 15/11/2021 13:35

RNS - he's upped his stake from 4.8% to 5.2%.

[luderitz] 15/11/2021 11:12

Well the share price hasn't been above the 1600p mark for about 5 months now.

I'm hoping for a significant lift in share price as getting a little tired of the current one and yes I know the divi is some consolation.

I am a holder.

[topazfrenzy] 15/11/2021 10:32

My biggest holdings are BATS and IMB so totally on the same wavelength to Dart :)