Imperial Brands Share Discussion Threads

[careful] 07/12/2021 17:22

unrealistic.
8% is an impressive return.

These crazy markets where profitless companies are so highly rated have made many of us lose touch with reality.

Back to the dot com days.
People soon forget.

[luderitz] 07/12/2021 17:09

Me for starters 😃

[careful] 07/12/2021 16:48

with a 8% dividend yield who need capital growth?

[encarter] 07/12/2021 16:23

Jefferies cut raises my suspicions.

[marktime1231] 07/12/2021 14:43

Interesting that BAT says today that it sees the value argument in a buyback while also seeking to reduce debt, where it has a bigger problem than IMB.

Reporting that it was gaining market share for novel products in its five core markets, which will no doubt please sector investors desperate for a growth story, but I wonder who if anyone is winning share in conventional (profitable) tobacco core markets which is IMBs strategy? Anyone pick that up?

[spud] 07/12/2021 11:57

Imperial Brands awarded ‘A’ score for action to address climate change

Imperial has again been given an ‘A’ score by global environmental non-profit charity CDP for its efforts to counter climate change.

The company’s place on CDP’s climate change ‘A’ List has been secured for a third successive year, further underscoring Imperial’s leadership status in environmental transparency and action.

Imperial is one of only 200 companies included on the climate change ‘A’ List out of almost 12,000 that were scored.

The business has been recognized for its actions to cut emissions, mitigate climate risks and transition to a lower-carbon economy, based on the data reported through CDP’s 2021 climate change questionnaire.

CDP’s annual environmental disclosure and scoring process is acknowledged as the gold standard of corporate environmental transparency. CDP scores companies based on a methodology covering disclosure, awareness, management and leadership.

Earlier this year Imperial committed to reach net-zero global emissions by 2040 in line with the aim to limit global warning to 1.5°C. In addition, the business was recognised as a 2021 Climate Leader by the Financial Times in its first ever ranking of actions taken by European businesses.

Tony Dunnage, Global ESG Director at Imperial, said: “We have a good track record in minimising our impact on the environment, and are committed to rapidly stepping up the decisive actions required to combat climate change.”

spud

[spud] 07/12/2021 11:29

Really?? Any evidence?

I thought it was due to ftse tracking.

spud

[encarter] 07/12/2021 10:38

Yes someone has a large buy order.

[pojscott] 07/12/2021 09:50

Up a bit today. Will it last?

[spud] 06/12/2021 12:25

JEFFERIES CUTS IMPERIAL BRANDS PRICE TARGET TO 1,578 (1,583) PENCE - 'HOLD'

Barely worth the electricity and or ink imo!

spud

[spud] 06/12/2021 08:50

I thought the advantage of substituting a cash dividend for an equivalent stock alternative (not to be confused with D.R.I.P) was the nullification of tax liabilities at point of receipt. Otherwise, why would you opt for the latter? spud

[glavey] 06/12/2021 06:45

I don't think that's right Spud:


"SAIM5150 - Dividends and other company distributions: stock dividends: introduction
‘Stock dividends’ are taxable as income

‘Stock dividend’ as a general term is often used to describe the case where a company, particularly a quoted company, offers its shareholders the option of receiving additional shares in lieu of a cash dividend, as bonus share capital (meaning no new consideration is provided to the company in return). This may be advantageous to the shareholder, who can avoid the dealing costs involved in buying fresh shares in the company, and may be preferable to the company which does not have to pay out cash. ‘Stock dividends’ may also be referred to as ‘scrip dividends’ or ‘bonus issues’.

Stock dividends as defined in the legislation are treated as income by virtue of CTA10/S1049, and taxable as savings income under ITTOIA05/PART4/CHAPTER5 S409 to S414.
Meaning of ‘stock dividend income’

ITTOIA05/S409 imposes a tax charge on ‘stock dividend income’. ITTOIA05/S410 defines ‘stock dividend income’ as arising if a UK resident company issues share capital in the following circumstances:

as a result of the shareholder exercising an option to choose whether to receive an ordinary cash dividend or additional share capital (CTA10/S410(1)(a)), or
in respect of shares which, under their terms (whether original or otherwise), carry the right to bonus share capital (CTA10/S410(1)(b)).

[glavey] 06/12/2021 06:43

SAIM5150 - Dividends and other company distributions: stock dividends: introduction
‘Stock dividends’ are taxable as income

‘Stock dividend’ as a general term is often used to describe the case where a company, particularly a quoted company, offers its shareholders the option of receiving additional shares in lieu of a cash dividend, as bonus share capital (meaning no new consideration is provided to the company in return). This may be advantageous to the shareholder, who can avoid the dealing costs involved in buying fresh shares in the company, and may be preferable to the company which does not have to pay out cash. ‘Stock dividends’ may also be referred to as ‘scrip dividends’ or ‘bonus issues’.

Stock dividends as defined in the legislation are treated as income by virtue of CTA10/S1049, and taxable as savings income under ITTOIA05/PART4/CHAPTER5 S409 to S414.
Meaning of ‘stock dividend income’

ITTOIA05/S409 imposes a tax charge on ‘stock dividend income’. ITTOIA05/S410 defines ‘stock dividend income’ as arising if a UK resident company issues share capital in the following circumstances:

as a result of the shareholder exercising an option to choose whether to receive an ordinary cash dividend or additional share capital (CTA10/S410(1)(a)), or
in respect of shares which, under their terms (whether original or otherwise), carry the right to bonus share capital (CTA10/S410(1)(b)).

[cassini] 03/12/2021 16:49

You may just have inadvertantly ticked the auto-dividend reinvestment option in your broker account.

[tourist2020] 03/12/2021 16:46

Ah, OK .... I thought I had received SCRIP before (because I have a non-rounded quantity of shares in my account). My mistake then. Thanks for the replies

[the chairman elect] 03/12/2021 16:12

Thanks Claudio's friend ref: DIVI

[spud] 03/12/2021 14:31

mark - The Dividend reinvestment option attracts tax at point of receipt whilst the other doesn’t.

spud

[watfordhornet] 03/12/2021 13:50

Was 25th Nov for 31 Dec paymentNext one is 17th Feb for 31 March payment

[the chairman elect] 03/12/2021 13:40

Ex divi date please?

[marktime1231] 03/12/2021 13:04

Which is to say there is no official scrip dividend system, eg you can't elect to receive new shares in lieu of cash dividend. At least I am not aware of any current offer from IMB for you to receive the dividend in new shares. But you can instruct your broker to run a dividend reinvestment plan for you, which may or may not be operated in concert with IMB, and which I imagine will be executed at the available market price.

[spud] 02/12/2021 22:25

As far as I'm aware, the Company does not give a stock dividend option. spud

[watfordhornet] 02/12/2021 21:57

TouristBelieve the interim dividend is 48.48p payable at end December.Does that answer question? If want % divide into today's share price to get %

[dogwalker] 02/12/2021 21:23

I'm sure there must be someone.

[tourist2020] 02/12/2021 17:38

Can anyone advise the strike price for taking the divi in shares, or is it the price on the day the divi is paid? Thanks

[gary1966] 30/11/2021 11:21

I took the chance of selling, late on, last Wednesday at a not too impressive £16.19 but am happy to have bought back at an average of around £15.37 this morning as I was a little worried for a while. Ended up gaining around 25p a share, so boosting the divi by around 50%, and so happy with that. Thought with all that is going on with the new variant that I might do better than that but IMB seems to have found a new resilience.

GLA