Imperial Brands Share Discussion Threads

[renewed1] 17/5/2018 09:45

I agree warranty. Smacks of desperation when you sell your house and have to rent!

[warranty] 16/5/2018 19:35

Never like to see a company divesting of its property, always think it sends the wrong message. I understand making economies but selling your head office seems an unnecessary thing to do to me. I'd rather they maintain assets than dispose of them.

[speedsgh] 16/5/2018 09:44

Imperial Brands to sell and leaseback Bristol HQs for £70m -

Imperial Brands has appointed JLL to find a buyer for its two offices at 121 and 123 Winterstoke Road in Bristol on a sale-and-leaseback basis.

The two office buildings, which total 94,000 sq ft and 50,000 sq ft respectively, were completed between 2013 and 2014 and serve as the multinational tobacco brand’s headquarters.

Offers for 121 Winterstoke are expected to be in excess of £53.5m, while 123 Winterstoke is believed to be offered with an asking price of £17m+.

As part of the sale, Imperial will take out a long-term lease on the properties, which will remain the company’s HQ.

“We continually look at how best we can optimise our assets and this transaction allows us to capitalise on the current strong demand for commercial property in Bristol and realise value for shareholders,” said Imperial’s chief financial officer Oliver Tant.

“We have a long history in Bristol and are proud to have our global headquarters here. The sale and leaseback arrangement underscores our long-term commitment to the city and will release funds to support the future growth of the business.”

Nick Compton, head of corporate capital markets at JLL, added: “We have worked closely with Imperial to create two leaseback packages that are tailored to the company’s future needs and objectives. We anticipate the scarcity of such investments at this lot size to generate significant interest from both national and international investors. The sale process is expected to close during the third quarter of 2018.”

[speedsgh] 14/5/2018 16:08

Imperial seeks £70m-plus Bristol HQ sale and leaseback

Imperial Brands is seeking a sale and leaseback of its two offices at 121 and 123 Winterstoke Road, Bristol, which total 94,000 sq ft and 50,000 sq ft respectively, for a circa £70m in total, CoStar News understands.

Source: CoStar Daily News Bulletin

[philanderer] 14/5/2018 10:01

14th may Berenberg buy tp 3450p cut from 3765p

[philanderer] 11/5/2018 23:53

Earlier today...

11th may CFRA 'strong buy' tp 3600p cut from 4200p

[philanderer] 10/5/2018 15:56

10 May 2018 | 10:20am

StockMarketWire.com - JP Morgan Cazenove today reaffirms its neutral investment rating on Imperial Brands Plc [LON:IMB] and cut its price target to 2700p (from 3275p).

[speedsgh] 10/5/2018 11:03

Brief 3m21s video interview with CEO Alison Cooper...

Imperial Brands CEO Sees Vapor as a Big Additive Opportunity -

[philanderer] 10/5/2018 08:05

Citigroup retains 'neutral'. tp 2900p up from 2850p

[philanderer] 10/5/2018 07:20

'Hargreaves: Imperial Brands picking up'

Improvements in tobacco and developments in e-products means Imperial Brands (IMB) is starting to look like a favourable stock again, says Hargreaves Lansdown.

In its interim results the company painted an ‘optimistic outlook for the second half’, said Steve Clayton, manager of the HL Select UK Income Shares fund, pushing the shares up over 5% or 141p to £27.60 on Wednesday.

Clayton said it was ‘getting good traction’ in growth brands and priority markets, as well as pushing ahead with ‘next generation products’.

'It’s strong cash conversion means it can support its policy of raising dividends 10% a year ‘and the company believe ongoing momentum in the price and mix of sales the group is currently achieving will deliver a strong second half with revenue growth for the full year.

‘A forecast yield of almost 7% is way ahead of the market average and with sentiment turning more positive, the outlook for Imperial seems to be picking up,’ said Clayton.


Citywire.co.uk

[warranty] 09/5/2018 17:58

Let's hope for more tomorrow then?

[philanderer] 09/5/2018 17:42

Nice buy by the CFO today.

Tipped as 'buy' in the IC as well.

[jezza123] 09/5/2018 15:45

is that bears I can smell burning? short-squeeze anyone?

[contrarian joe] 09/5/2018 14:47

Well done to investors who were brave enough to buy at the bottom!!.

[essentialinvestor] 09/5/2018 14:44

The Buy near £23 I was referencing, had not seen today's.

[jrphoenixw2] 09/5/2018 14:40

Cld have got them 150p/share cheaper yesterday pm. The LSE has today's current intra-day high at 2766p. BUT that said if the CFO is buying at the top, well, it perhaps suggests he thinks there is upside to go...

[speedsgh] 09/5/2018 14:09

Director/PDMR Shareholding -

9/5/18 CFO Oliver Tant bought 2,546 @ 2764.12p = £70,374

[essentialinvestor] 09/5/2018 14:08

That last director buy was beautifully timed.

[philanderer] 09/5/2018 14:05

Imperial Brands shares 'too cheap' for RBC Capital

[johnny1982] 09/5/2018 10:55

Thanks JRP - just bought in

[jrphoenixw2] 09/5/2018 10:40

@Johnny1982
It depends on which yield figure you have in mind, current/trailing or forecast. When I'm looking at the financials of a company sizing up it's potential I look at the former as it's fact vs the latter which is simply opinion.
If you refer to
you'll see on a CY% basis is has 170.72p of divs these past 12 months / last night's close of 2618.5p = 6.52%

They've announced that the Q1 and Q2 2018 divs will be 28.435p, so I'd say you're likely ok to overwrite the Q1/Q2 2017 sums of 25.85p each shown on the above-linked. Those hikes = 10% each. FWIW I don't tend to look further ahead than that as I've had declared divs cut or cancelled on other holdings before, so now am averse to dwelling on or 'mentally banking' declared divs too far into the future.

[jrphoenixw2] 09/5/2018 10:05

+4.3% at time of writing; it's been a looong while since any of my stocks did that before lunchtime.

[polaris] 09/5/2018 09:54

This has been sold off for quite some time and i have bought a few in the run up to the half year report. The chart now looks very supportive for a run back up to the 32GBP area, i.e. recover the falls of 2018. That is a start. Any rumblings of consolidation in the arena and there will be further gains to be had. I always find it strange when the market just ignores underlying value due to 'western' bias.

Cigarette volume growth is rampant in Africa and Asia and the world population is growing such that more people were born after the mid 1800s (industrial revolution) than the rest of human history put together. Even if the %age of people smoking is falling, the volumes are growing and this is a high margin business. Just read that 1.6 Bn people born between 1990 and 2010 alone!

Mr. Market can be very narrow minded and blind when it wants to be. 10% dividend growth p.a. now for more than 18 years, compounded!! (see link)


Roll 'em up and smoke 'em if you've got 'em. ;-) I'm just here for the dividend growth and the current underlying gross undervaluation. The ideal storm, capital and dividend growth.