Imperial Brands Share Discussion Threads

[putinaire] 14/10/2024 08:11

I wouldnt add BATS. it may look like better value to the S but it isnt

[putinaire] 14/10/2024 08:09

I dont mean on a short term score. if you look at bi-yearly, its only starting really

[putinaire] 14/10/2024 08:08

Its only heavily bought at this area. That will shake a few out but no, funds will only add, not leave

[putinaire] 14/10/2024 08:06

No long term double top here. Its going to be a double share price in time. For sure really as it's been on the US channels

[montyhedge] 14/10/2024 07:56

Bats have capital market day on Wednesday, hopefully some good news, if it is, should give tobacco stocks a boost. Imperial certainly perked up after their update.

[tuftymatt] 10/10/2024 07:52

Nice to see 2275 today.

The recent figures, divi increase / 4 payments and broker upgrades all bode well and a break and hold of 2300 is just a matter of time now in my opinion.

Good luck all 👍🏻

[muscletrade] 10/10/2024 07:40

Another increase in share price target. GS reiterates BUY and 2450p target.(was 2350).

[philanderer] 09/10/2024 09:01

JPMorgan raises Imperial Brands price target to 2,600 (2,250) pence - 'overweight'

[muscletrade] 09/10/2024 07:16

Proactive Investors - ESG advocates close your ears, but Imperial Brands PLC (LON:IMB) has proven once again that Big Tobacco stocks are some of the higher income generators on the market.
Not only does the owner of Golden Virginia and Davidoff have an estimated 7% dividend yield, it is also on track to repurchase another 7% of its outstanding shares through newly announced buybacks.
Rounding out a tidy 7-7-7, Panmure Liberum analysts noted that Imperial’s share price is currently trading at around seven times earnings. Analysts see this as “hugely undervalued”.
Such is Imperial’s appetite for buybacks, that according to Panmure: “ Repurchases to date have retired 11.2% of the opening share count, or put another way, in two years Imperial has bought more shares than are owned by all but one of its institutional shareholders.”
This shrinking equity base and progressive dividend policy is thanks to what Panmure Liberum analysts call “prodigious221; cash generation from the sale of combustibles and, increasingly, nicotine-free next generation products (NGPs).
Although NGPs – being the array of vapes, heated products and pouches that Imperial sells – remains a loss-making segment, these losses continue to narrow while sales continue to enjoy double-digit growth.
The wider group remains highly profitable regardless. “This is the result of continued strong pricing in cigarettes (once again belying the siren voices that cigarette pricing is ‘over),” said Panmure.
All in all, “the company is doing everything right”, reckon Panmure analysts. Not that ESG advocates would agree.

[xtrmntr] 09/10/2024 06:53

Hargreaves: Imperial Brands lights up returns Imperial Brands (IMB) is driving growth in new products and 'legacy' tobacco, allowing it to 'up the ante' with shareholder returns, says Hargreaves Lansdown.The Citywire Elite Companies AAA-rated company delivered growth in next-generation products and tobacco revenues last year, in line with expectations. This allowed it to increase the full-year 2024 dividend by 4.5% to 153.43p – it said dividends and buybacks will be increased £400m to £2.8bn next year, equal to a distribution yield of 15%.Analyst Derren Nathan said the group 'managed to drive growth not only in its fledgling next-generation brands, but also in "legacy" tobacco products which still make up the lion's share of the business'.Imperial Brands is expecting a 'significant acceleration' in next-generation products with revenue growth of 20%-30%.'Strong cash conversion is allowing it to up the ante on payouts to shareholders,' said Nathan, who added that next year's dividend target equates to about 176p per share but 'could end up being closer to 200p depending on the price which buybacks are effected at'.The shares gained 4.1% to £22.36 yesterday.

[muscletrade] 09/10/2024 06:53

JPM reiterate their overweight position this morning and increased the share price target from 2250 to 2600.

[huckers] 09/10/2024 06:26

Full Year Results is next up on the 19th November.

[laurence llewelyn binliner] 08/10/2024 16:37

An equal quarterly progressive dividend from 2025, and the increasing buyback really should underpin this share for some time to come, it would be great to see the share price back in the channel and rising through 2300/2400 until the 2026 buyback comes along..

The Labour budget at month end will be very interesting to see what gets hammered 1st..

[jrphoenixw2] 08/10/2024 13:58

2267p intra-day high of 12 Sep, unexpectedly back on my radar as something to watch.

[philanderer] 08/10/2024 12:48

Simon Hales at Citi said the update was "reassuring", with the buyback slightly bigger than the around GBP1.2 billion investors expected and likely to be "well-received".

"Moreover, a planned change to quarterly dividends will mean a bigger end of 2024 payout for investors."


Alliance News

[marktime1231] 08/10/2024 12:45

Yes huckers I have been watching for that news too, we will find out in the report.

A bit wrinkled that they keep using the word "accelerated" to describe performance which remains a tussle between falling volumes and rising prices. A pity vaping is still not making a positive contribution. But at last we are getting decent bottom line improvement feeding through to the dividend up to 160p in equal quarters.

The real boost is to the buyback programme which gets priority over dividends and debt reduction. Another 7% or so reduction on the way. BAT just can't compete with that, folks chasing a rainbow over there instead of banking here. The IMB board certain that their stock is way undervalued and determined to do everything to support it. Until a bid lands I suppose. Meanwhile we can hope for further strong share price progress.

[fenners66] 08/10/2024 09:34

I have to say that when I read about the move to 4 equal instalments I feared they would reduce the upcoming 2 large ones to spread the cost further down the line ...

However continued reading addressed that and they are actually bringing forward the large next two payments to smooth the profile , thus increasing the dividend available in the next year.

Years of seeing dividends pushed back , a week here a fortnight there have made me cynical - but this was a refreshing change.

[djderry] 08/10/2024 08:52

The market is liking the pre-close update.

[tuftymatt] 08/10/2024 08:09

Fantastic to read the rock solid results and move to 4 dividends too. Now maybe we get that challenge of 2300 🤞🏻

Good luck all 👍🏻

[montyhedge] 08/10/2024 07:16

Great update, makes Bats look tremendous value.

[tornado12] 08/10/2024 06:48

One of the best updates I have read in recent times. Growing divi, going 4 equal split like BATS and a huge SBB... Solid investment though I prefer BATS currently for the yield. GLA

[peart] 08/10/2024 06:43

Excellent solid news

[laurence llewelyn binliner] 08/10/2024 06:32

Excellent news for this income investor, a move to equal quarterly dividends and a timetable for it, alongside BATS these 2 are the backbone on many a portfolio.. :o)The improved buyback for 2025 should make this share an attractive proposition for those looking to add further income..

[huckers] 08/10/2024 06:13

I'm still trying to find out what happened to the $1bn bond that matured in July. Their debt profile hasn't been updated.

All we know is "Today's announcement is consistent with our capital allocation priorities of returning surplus capital to shareholders after continued investment in the business to support our strategy and maintaining a strong and efficient balance sheet with a target leverage at the lower end of our net debt to EBITDA range of 2.0-2.5 times."

[huckers] 08/10/2024 06:08

To create the base for future quarterly payments, we intend to pay two interim cash dividends of 40.08 pence per share in June and September 2025. These payments will be higher than would otherwise have been the case and also include a further 4.5% year-on-year increase. A schedule of the proposed dividend cash payments for FY25 is provided in the notes to this release.

So, 2025 dividend increased by 4.5% over 2024 and distributions even but front loaded compared to the prior 30:70 profile.