Imperial Brands Share Discussion Threads

[spud] 06/5/2022 11:28

The Company has a progressive dividend policy so I'd guess they will.

spud

[topazfrenzy] 06/5/2022 11:08

I sold all my BATS last week after a great run there ... thinking of investing here again for the much bigger divis ... any thoughts? Is the divi going up from this month onwards?

[lendmeafiver] 25/4/2022 13:04

A Russian private business, no exchange required, too late now, given away.

[scrwal] 25/4/2022 12:31

A warrant for holdings in a purely Russian based entity would likely have zero value if quoted on a non Russian exchange - that's if it was allowed a quotation in the first place.

[lendmeafiver] 21/4/2022 20:03

Rather than giving it away perhaps taking that part of the business private, giving all shareholders a Warrant to take up the shareholding if they wished, would have been a better alternative.

[cassini] 21/4/2022 16:31

Unless IMB accepts payment in Roubles I see no way the Russians could pay for it - sanctions and all that!

[janhar] 21/4/2022 16:25

It's tiny - less than 0.5 per cent of profits

[drew lonmenob] 21/4/2022 16:16

clutching at straw's their vermin

haha

;-)

[lendmeafiver] 21/4/2022 16:09

So have they given the Russian business away for free? I see no mention of sale price, or have a missed it?

[medieval blacksmith] 21/4/2022 16:03

OMG, no apostrophes. :)

[drew lonmenob] 21/4/2022 15:58

thats one thing youre good at vermin

how many immigrants have you housed idiot?

[fenners66] 21/4/2022 08:52

We have been aware for years of a political risk of investing money in Russia, now the risk has materialised.
But will that stop companies investing later in Russia after say the Ukraine war is over ?
Does business - in general - ever learn the lessons ?

[dmore2] 20/4/2022 23:45

hxxps://www.bloombergquint.com/onweb/imperial-brands-transfers-russia-business-to-local-investors

[spud] 20/4/2022 17:49

Imperial Brands to Sell Russian Business to Investors; Expects GBP225 Million Write-Off


Source: Dow Jones News
By Joe Hoppe



Imperial Brands PLC said Wednesday that it will sell its Russian business to investors in the country, and estimates a 225 million pound ($292.5 million) non-cash write-off from the deal.


The FTSE 100 tobacco group said the transfer to Russian investors is subject to finalization of the registration of the transaction with local authorities, expected shortly.


The operations include a sales-and-marketing business, and a factory in Volgograd.


The company said there is no change to its prior guidance on the financial hit from its exit from Russia and suspension of operations in Ukraine. In fiscal 2021, Russian and Ukrainian markets represented around 2% of net revenue and 0.5% of adjusted operating profit, it said.


The company said it expects to treat the GBP225 million non-cash write-off as an adjusting item.


spud

[cassini] 20/4/2022 17:36

Welp...

...looks like the Russkis got a bargain there.

[saltaire111] 13/4/2022 09:20

Blow for IMB in the US as the regulators eject Myblu on safety grounds. Another example of US regulators protecting their own.

IMB to appeal.

Salty.

[woodhawk] 12/4/2022 11:26

FWIW- Jefferies raises Imperial Brands price target to 1,668 (1,595) pence - 'hold'

[tuftymatt] 11/4/2022 12:03

Nice and positive from DB via citywire.
1700 in sight again too.

[philanderer] 11/4/2022 09:38

Deutsche Bank: Disconnect in Imperial Brand shares


Deutsche Bank believes there is a ‘disconnect217; between the share price of Imperial Brands (IMB) and the value of the tobacco giant.

Analyst Gerry Gallagher retained his ‘buy’ recommendation and target price of £21 on the stock, which rose 1.1% to £16.78 on Friday.

‘Setting aside the almost inevitable question of “what’s the catalyst?”, we have to continue to question the extent of the disconnect between Imperial’s share price and a fundamental assessment of the value of the cashflows,’ he said.

The analyst said the trading update ahead of first-half results in May was ‘in line with our expectations as previously adjusted for the Russia-Ukraine war’, with the group confirming it was on track despite weak European tobacco sales. Strong sales in the UK, US, and Australia have helped to offset declines in Germany and Spain.

citywire.com

[spud] 07/4/2022 12:09

Debt reduction? Yes please! But as you surmised, that wouldn't go down well with IIs looking to reduce their holdings.

spud

[marktime1231] 07/4/2022 12:00

Good snippets those gents thanks. I took ...

"The poor performance in European tobacco markets was driven by the return of pre-Covid purchasing patterns as international travel resumed."

... to mean legitimate sales of tobacco are once again being undermined by cross-border smuggling and counterfeit goods in Europe. It is huge business.

There was absolutely no mention of buybacks, so JP Morgan are hoping on no evidence. They are no more or less right than other analysts all pointing the same way for the last couple of years because that is what institutions looking to offload baccy want. They may be right, just a matter of time, but we do not know when and not before Bomhard is ready.

Other than lofty yield, how about debt reduction?

[speedsgh] 07/4/2022 11:45

Imperial Brands on track to deliver growth -

As Imperial Brands (IMB) enters year two of its five-year strategic plan, the tobacco company is on track to deliver full-year net revenue growth of 0-1%, with profits expected to grow around 1%, according to a trading update.

Market share grew in the core markets of the US, UK and Australia, offsetting losses in Germany and Spain. Imperial maintained ‘strong pricing discipline’ over the period, said Hargreaves Lansdown equity analyst Matt Britzman, with tobacco sales numbers trending in line with expectations.

Next-generation product (NGP) trials continue, with consumers reacting positively to the Pulze heated tobacco system in Greece and the Czech Republic, and Blu vape products in the US. First-half NGP revenue is expected to be slightly ahead of the previous period.

‘With full-year group sales expected to grow 0-1%, there needs to be some movement on next-generation products soon to start giving markets something to get excited about again,’ said Britzman.

He said the 9% dividend yield ‘isn’t bad to be sitting on but it’d be nice if the investment case was based on more than just a lofty yield’.

The stock was the biggest riser on the FTSE 100 on Wednesday, up 3.3% at £16.69.

[spud] 07/4/2022 11:29

Confident outlook and prospect of share buy back lift Imperial Brands.





Shares in Imperial Brands (IMB) rose 3.2% to £16.68 to top the FTSE 100 leader board following the publication of a pre-close trading update.


Management revealed the group was on track to deliver full year results in line with revised guidance issued in March.


TRADING IN LINE

The company said it expects full year net revenue growth of between zero and 1%, adjusting for currency fluctuations, while underlying operating profit should also be around 1% higher.


Interim adjusted operating profit is expected to grow by 2% on a constant currency basis, benefiting from reduced losses in the Next Generation Product range.


The group’s gearing will improve, with half-year net debt to EBITDA (earnings before interest, taxes, depreciation and amortisation) forecast to be 2.4x against 2.6x in 2021 due to seasonal cash flow changes, although for the full year the firm sees leverage increasing year-over-year.


A weaker tobacco performance in Europe with losses in the German and Spanish markets was offset by growth in the United States, the United Kingdom and Australia.


That reinforces the recent March 25 announcement that the group is gaining traction in the US market.


The poor performance in European tobacco markets was driven by the return of pre-Covid purchasing patterns as international travel resumed.


Management predicts European revenue will benefit from higher prices in the second half of the year.



SHARE BUY-BACK

While there was no news on either share purchases or the progress of the Next Generation Products business, analysts at JP Morgan think an announcement on a buyback could be on the horizon in November.


British American Tobacco (BATS) recently announced a scheme to buy back up to £2 billion alongside its full year results, which was well received by institutional investors.


JP Morgan expects Imperial Brands to achieve double digit compound annual growth in earnings per share in the medium term versus a mid to single digit rate for its peers.


Their forecast is based on upside from more targeted investment in Next Generation Products, margin expansion in tobacco products and the potential boost from share buy-backs.


spud