Share Name Share Symbol Market Type Share ISIN Share Description
Imperial Brands Plc LSE:IMB London Ordinary Share GB0004544929 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1,341.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
1,342.00 1,343.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Tobacco 31,594.00 1,690.00 106.00 12.7 12,830
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,341.00 GBX

Imperial Brands (IMB) Latest News (2)

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Date Time Title Posts
21/9/202020:55Imperial Brands PLC (formerly Imperial Tobacco)5,471
31/7/202014:48IMPERIAL BRANDS2
26/9/201908:25Imperial Brands Podcast on Trading Update-

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Imperial Brands (IMB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-09-21 16:16:341,341.0710,147136,078.07O
2020-09-21 16:11:251,332.642,03227,079.23O
2020-09-21 16:11:251,332.64961,279.33O
2020-09-21 16:07:241,344.406288,442.83O
2020-09-21 16:02:141,345.405447,318.97O
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Imperial Brands (IMB) Top Chat Posts

Imperial Brands Daily Update: Imperial Brands Plc is listed in the Tobacco sector of the London Stock Exchange with ticker IMB. The last closing price for Imperial Brands was 1,341p.
Imperial Brands Plc has a 4 week average price of 1,218p and a 12 week average price of 1,218p.
The 1 year high share price is 2,145p while the 1 year low share price is currently 1,218p.
There are currently 956,736,947 shares in issue and the average daily traded volume is 1,788,482 shares. The market capitalisation of Imperial Brands Plc is £12,829,842,459.27.
saltaire111: What is this strange thing that’s happening. IMB share price appears to be ... going up! I’m not used to this. This doesn’t feel right. Is something going wrong with the world? Salty
loganair: M2 - I seem to disagree with you on most points. 1. Reintroducing share buy backs will only cause IMB share price to continue to fall further as all IMB would be doing is a destruction of capital which could be far better spent on reducing their debt if the directors believe they have no where else to invest any excess capital. 2. Pension schemes much prefer Quarterly dividends as this gives them a regular income is why companies such as Shell pay them as do an increasing number of Investment Trusts do now days.
loganair: A good company generates good profits and converts these profits in to cash which they reinvest to generate good returns. Capital allocation discipline, to generate high returns - and what happened to IMBs capital allocation, they invested any cash into an area of smoking that so far has generated negative returns - no wonder why their share price keeps falling and the company is still not attractively Value...the share price is cheap compared to where it was this time last ever not attractively valued. Even more negative for IMBs share price is their outlook does not seem to be improving with the operational momentum of their business still going backwards which is being reflected in IMBs continuing fall in its share price. I have been saying this about IMB as its share price has continued to fall from £24 to c£13/£12. I am interested to hear any posters rational reasoning as to why they believe IMBs share price is attractively valued and why the share price will go back up to plus £20???
minerve 2: There is nothing wrong with increasing earnings per share. That benefits all of us. The problem is when companies get into debt - when they can't afford it - to increase earnings per share and executives purely focus on financial engineering more than anything else. Sometimes it is all down to the failure of setting the wrong incentives at director level. And let us be realistic, in a mature industry it is very difficult to increase earnings per share in other ways because the market is full. There is limited opportunity in reducing costs and brand migration. The market is already well consolidated for traditional tobacco. You can invest billions in NGP but that will naturally lower your earnings unless you are absolutely sure you are going to get the returns. And this is exactly what has happened with IMBs and its current vape business in the US. No, share buybacks for IMB is one of the best things it can do with its cashflow in addition to paying down debt. It has nothing to do with supporting the share price. We are all better off if buy-backs resume and the share price falls further. And actually to some extent I am hoping that it does short-term (as long as buy back policy is in action) but I don't want too much capital erosion. As mentioned by me and others including the DB analyst: this company can pretty much buy ALL of its enterprise value in a period not much longer than 10 years. Of course that assumes steady tobacco sales decline but it isn't going to fall off a cliff. If it halves the equity on the market it would cost £7bn. Over a 10 year period that is £700m a year. Roughly the amount just saved by cutting the dividend. As an approximation this would mean - assume steady sales/earnings - that the share price should double on top of the c10% yield. Not a bad annual return by any measure.
minerve 2: We really should not be wanting the share price to rally. At a c10% dividend yield it is in our interests for the share price to just get lower and lower. The company doesn't need to raise capital so the share price is only an issue for the secondary market and buy-backs. The lower the share price gets the cheaper the buy backs the better it is for the rest of us. This is an income stock. If you want capital growth go and buy a growth stock that reinvests all its earnings back into the company.
loganair: M2 - May I say you are completely incorrect when it comes to me as I started saving when I was 6 years old with National Savings then when I was 12 putting in £20 per month in to a Unit Trust and have saved 40% of my salary. Obviously you do not understand how share buy backs destroy a companies capital and more often then not destroy the company itself and personally I'll try my hardest to stop any company from buying back its shares. The companies that do best are the ones who use any spare cash to invest to support their growth, then any left over to pay down debt and if still any left over then to pay a special dividend letting the investor decide where to invest any spare cash a company may have. If share buy backs are such a great idea then the IMB share price wouldn't have kept falling they would have been £30 plus in February instead of around £18.
fenners66: So about BH "The firm began investing in the four airlines in 2016, after avoiding the aviation industry for years" So I took American Airlines to look at as an example as we have previously looked at their buyback / debt figures. Share price in 2016 about $40 2017 low was about $40 average about $45 2018 average probably above $40 We can speculate therefore that BH paid say $40 AAL share price at the end of March was $18 having skimmed BH's accounts it is not clear whether the airlines were sold by then - or after. I guess after - when the unrealised loss at $18 may well have turned into a realised loss of around 75% at say $10. BH does not pay dividends and relies on share price growth - ie. if you want an income sell your shares. BH share price has fallen about 19% this year as well. AAL's share price has been falling since early 2018 - despite buybacks. I suspect that as he takes large stakes 10% + that he cannot exit a position easily and that buybacks of size provide the false liquidity required to be able to trade large positions otherwise he has both a positive and negative effect. Buying a stake of 10% will boost a share - whilst selling 10% will likely trash it. He can join the dots as well. However buying into the airline business which was racking up debt to support buybacks - which he had a vested interest in has done nothing for the share price of AAL for 2 years . Now the black swan event has happened it is a mistake.
muscletrade: Fm Motley fool Imperial Brands shares have fallen 45% in two years. Here’s what I’d do now Edward Sheldon, CFA | Thursday, 28th November, 2019 | More on: IMB It’s fair to say Imperial Brands (LSE: IMB) shares have had a shocking run over the last two years. Back in late 2017, the shares were changing hands for more than 3,000p. Today however, Imperial’s share price stands at just 1,700p. Personally, I’m down around 40% on my Imperial Brands holding (excluding dividends). It’s the worst-performing share in my dividend portfolio by a long way. That said, I’m not willing to give up on it just yet. Here are a few reasons I believe the FTSE 100 stock has the potential to rebound. 10% dividend increase Firstly, while trading conditions have been challenging recently, the company’s full-year results, issued on 5 November, weren’t that bad in my view. For example, for the full year, tobacco and next-generation product (NGP) net revenue increased by 2.2%, while adjusted earnings per share only fell 1.6%. That’s certainly not a disaster. Interestingly, the dividend was increased by another 10%, marking the 11th consecutive year of 10% growth. To my mind, this suggests management is not too worried about future profitability. Insider buying It’s also worth noting a number of top-level directors have purchased shares in the company recently. In late September, five of them, including outgoing CEO Alison Cooper, CFO Oliver Tant, and chairman Mark Williamson, added to their holdings, spending around £400,000 on stock. This suggests these insiders are confident about the future and expect the stock to recover. More recently – and this is perhaps most interesting – Group Innovation and Science director David Newns bought £1.4m worth of stock on 14 November. Given that he’s likely to have a good understanding of the potential of Imperial’s new products, I see the fact he’s spending his own money on shares (and a lot of it too) as a good sign. Woodford selling I’ll also point out that Imperial’s recent share price weakness could be related to the liquidation of Neil Woodford’s Equity Income fund. We know that Imperial was a key holding for Woodford. With the £3bn fund now being wound up, BlackRock – who is responsible for selling all the holdings – will have needed to offload a significant number of IMB shares (potentially £100m+ worth), which will have put pressure on the share price. When the Woodford debacle is finally put to bed early next year, we may see IMB shares bounce. Crazy valuation and yield Finally, just look at the valuation and yield. Right now, IMB shares trade on a forward-looking P/E ratio of just 6.4 and sport a monster dividend yield of 12%. When you consider the median FTSE 100 forward P/E ratio is 15.5, and the median FTSE 100 trailing dividend yield is just 3%, those metrics seem crazy to me. Imperial’s dividend yield is four times the median Footsie yield! All things considered, I believe Imperial Brands shares have the potential to rebound in the near future. For this reason, I think it’s worth holding on to the stock.
loganair: What I am saying is that there is so much negativity around vaping as the tobacco companies are saying vaping is to get people off tobacco smoking when in reality having so many different flavours vaping is to bring in new younger people to replace the older tobacco smokers. The tobacco companies have been caught with a huge lie, with their trousers down as it were. Just look at IMB share price - IMB is the weakest of all the major tobacco companies. Buying back huge numbers of shares when they would be better off paying down debt with this money. When the IMB share price was £24, I posted that I would take a serious look at IMB when the share price hits £15. I was decried and dismissed out of hand that the IMB share price wouldn't get any where near the £15 level when today the share price is under £17.50 and still in a downward trajectory.
polaris: hTTps:// That's the link to the dividend policy announcement for FY2019 and forward looking. I think a lot of analysts took the progressive dividend policy to mean a cut when IMB state themselves that it will increase from the current level, taking into account the underlying business. IMO that means the dividend may be frozen from end FY2019 at around 215p (a 10% increase on FY2018) but is a long way from any kind of dividend cut policy, as seems to be priced in. That's over 12% yield at current share price .. Freezing the dividend at 215p, as opposed to the old 10% increase YoY policy, would release around £200M p.a. immediately to perform buybacks or directly reduce debt. Then there is the disposal programme. If they did keep the dividend constant for a few years to deleverage then a rating of 8-9% would be reasonable, implying a share price target of £24-26.50. The recent price target of 1600 also gave no timescale. At 215p dividend per year then the effective price paid today for the share in 12 months time is you get 215p in dividend during that time. What does the broker price target actually mean? I can't get 2% capital return in a savings account p.a. The same return in IMB on capital employed would lead to a share price reduction of around 180p, taking into account the dividend payment over 12 months. But, hey, what do i know? Using logic seems to be frowned upon in modern society.
Imperial Brands share price data is direct from the London Stock Exchange
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