Imperial Brands Share Discussion Threads

[laurence llewelyn binliner] 12/6/2024 10:48

Next assault on 2000 pence coming up.. :o), see if we can get back above October 2023 and maintain the upward trend since the Covid lows of March 2020..

[jrphoenixw2] 27/5/2024 12:07

'Labour says it would reintroduce UK smoking ban for young people' - published yesterday.

The Labour party would revive UK Prime Minister Rishi Sunak's plans to ban young people from ever being able to legally smoke after they failed to become law ahead of the general election, a shadow minister has said.

The Tobacco & Vapes Bill was not included in the legislation that was rushed through by MPs ahead of Parliament being prorogued on Friday, during a period known as "wash-up."

Asked if Labour would reintroduce it, shadow work & pensions secretary Liz Kendall said: "If we're elected we will make that happen and make it less likely that young people will smoke than vote Tory."

Sunak, who surprised many in Westminster by calling a summer election earlier this week, said he was "disappointed" that the law would not make it on to the statute books before the July 4 vote. The bill would make it illegal to sell tobacco products to anyone born after January 1 2009, with the aim of creating a "smoke-free" generation, and had been seen as a key test of his personal legacy.

Speaking to reporters on the campaign trail on Friday, Sunak said the legislation was "evidence of the bold action that I'm prepared to take". He added: "That's the type of pime minister I am. That's the type of leadership that I bring."

[marktime1231] 26/5/2024 20:04

The news was good and bad ... Sunak's anti-liberal bill to criminalise smoking was shelved, but I think the same bill included necessary legislation to deal with fruity flavours aimed at kids and the problem of disposable Chinese vapes. I suspect these measures will be tabled again.

IMB dropped when these plans were announced but don't expect much of a rebound.

[glavey] 26/5/2024 09:07

Yoof can puff a sigh of relief.

[marktime1231] 23/5/2024 13:12

A heck of a bounce following the understandable ex-div cut, because the buyback was dialled up to the max this morning or because the election has punters looking for safety?

Well done deciding to spread your purchases, the right approach if you can't wait until the share price looks an obvious bargain. Keep a look out for opportunities to trim high and add low.

[cassini] 23/5/2024 12:57

jrphoenixw2,

It depends I suppose on individual tax circumstances - for example, I hold my share investments exclusively in tax-free investment wrappers like a SIPP and ISA (OK there is potentially tax to pay when withdrawing money from a SIPP, but that isn't immediate).

One circumstance where selling before ex-div day comes along may work is where US 30% withholding tax is charged on say a substantial dividend from a US stock not held in a SIPP (or ISA). US stocks do not attract stamp duty I believe.

[watfordhornet] 23/5/2024 10:34

We are ex divi today so I would suggest the share price is doing very well.

[jrphoenixw2] 23/5/2024 04:58

Cassini@-742: 'I personally wouldn't buy directly before ex-dividend day as although one then get the divi, one has to wait ~six weeks to get that money back in one's account.'

I've recently been dealing with a part portfolio holding in Gilts. The pricing is X + the accrued interest since last coupon paid. Makes me think across to shares and dividends. If you buy a share right *before* XD aren't you just buying into an immediate tax liability on that div.

[laurence llewelyn binliner] 22/5/2024 19:06

I did the same over at BATS pre/post dividend, the average is what matters, worked out nicely with a 100 pence bump since, and then keep them for a decade..

GBP20 beckons here.., again.. :o)

[cassini] 22/5/2024 18:20

That is a known strategy - pound cost averaging! ;0)

[petersinthemarket] 22/5/2024 15:30

Cassini - I don't usually dither (much), so I'm going to present this as if it was a sensible and well thought out strategy! I am hedging my bets here. I have bt half and I will buy the other half at some lower price after xdiv day. Thanks for comments guys.
pete

[cassini] 22/5/2024 12:13

I personally wouldn't buy directly before ex-dividend day as although one then get the divi, one has to wait ~six weeks to get that money back in one's account.

Better maybe to buy on or after ex-div day and not get that money tied up like that IMO.

That said, as has been noted, day to day price movements could end up going either in your favour or against you whichever strategy you pursue.

[louis brandeis] 22/5/2024 11:48

I would not concern yourself with the dividend date whatsoever. On ex-dividend date the intrinsic value of the investment falls by the dividend amount but the share price may do anything on that particular day depending on market sentiment. Aim to buy at value (for many that means low PE, lower than intrinsic value etc..) and don't concern yourself with the dividend date.

[petersinthemarket] 22/5/2024 11:10

Tks Cassini - I'm trying to decide whether to add today or after xdiv. pete

[cassini] 22/5/2024 10:39

petersinthemarket,

Yes, all things being equal the price should fall by the divi amount on ex-div day.

[petersinthemarket] 22/5/2024 09:50

As a newbie in IMB; is the share price expected to fall by the div value after xdiv?

[louis brandeis] 21/5/2024 10:46

As far as other investments - someone asked - I do like long term investments with meaningful and sustainable buybacks and buyback policy. Next is great but you never seem to get it for a value price. Berkeley is another, again, always a little pricey. Look at the share charts though - that shows you what buybacks do. Dowlais has just started this journey and has a 5% market cap buyback alongside a circa 5% dividend. All not stellar but decent IMO.

To add: Melrose is another that looks sustainable on the back of aircraft builds, servicing and very healthy forward cash flows.

[louis brandeis] 21/5/2024 10:40

I'd rather the price didn't get carried away with itself. Buybacks mean more to long-term investors when the price is low. If the price goes higher and higher the buybacks become less and less meaningful. In other words for long-term income investors it is in our own interests for the price to be healthy but not high. Sufficient enough profit margin in your investment and take the income. As far as price increases on packets don't forget the sales price increase to IMB is not fully reflected in the retail price due to tax. 8% or whatever might seem high and perhaps isn't sustainable but that isn't 8% on the retail price.

[marktime1231] 20/5/2024 11:37

Jefferies obviously prefer BAT or something else to IMB. Doesn't like the declining volumes (which are inevitable and more than priced in) or poor NextGen progress (IMB's strategic decision to restrain capex) and thinks IMB are "over-earning" - if that means they think IMB has been profitting off unsustainable price increases maybe they may have a point. But nevertheless they hike the target price in a failed effort to catch up with recent share price improvement.

This reads like a poor attempt to justify the fact they have called it wrong and are still doing so. Some analysts are so growth-obsessed they don't know how to appreciate value in a mature market.

A pity though that someone has introduced a negative commentary, IMB has settled back when £20 (!) looked on the cards.

[laurence llewelyn binliner] 18/5/2024 12:41

#Action, consider BRWM, it is a trust, and does have fees, but pays out quarterly dividends, and has global exposure to pretty much everything mining and minerals..

[action] 18/5/2024 11:19

Thank you. Only mining etf without stamp duty which I know is SPGP mainly gold shares.

[cassini] 18/5/2024 10:10

For physical metals ETFs i.e. not based on derivatives but on holding title to real metal (in theory ;0), I hold PHSP (PHysical Silver in (G.B.) Pounds) and PHGP (PHysical Gold in (G.B.) Pounds), both are Wisdom Tree ETFs.

There are also dollar denominated versions of the same ETFs i.e. PHAG and PHAU.

Not sure about mining ETFs as I don't hold any.

[action] 18/5/2024 08:21

Can you share ETF to invest in commodity space as it do not attract stamp duty and you are sharing your money with world top mining companies. Appreciate your feedback.

[cassini] 17/5/2024 16:59

I'm in tobaccos, oil/gas, mining/commodities, financials/insurers in the main. Old tech.

The energy sector has been beaten down this year but will come back. Some high dividends available right now.

Gold/silver/copper are on a roll, I'm invested via miners or metals ETFs.

The divis in the insurance sector (life assurance/pensions more than general business like car insurance) are high reflecting low share prices/valuations. MNG and PHNX have about 10% dividends, LGEN's is above 8%.

[fat_divvy] 17/5/2024 15:21

Thanks for your thoughts. Do you guys also have most of your portfolio in tobacco or do you have other similar investments? I really like the idea of the tobacco sector, was thinking of other sectors with similarities but couldn't really think of any. Maybe but coals/oil, but not really.