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
  2.50 0.16% 1,554.50 2,809,879 16:35:14
Bid Price Offer Price High Price Low Price Open Price
1,552.50 1,554.00 1,603.00 1,549.00 1,582.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Tobacco 31,594.00 1,690.00 106.00 14.7 14,872
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:27 O 736 1,554.50 GBX

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Date Time Title Posts
06/4/202016:06Imperial Brands PLC (formerly Imperial Tobacco)4,685
26/9/201908:25Imperial Brands Podcast on Trading Update-
08/2/201614:36IMPERIAL BRANDS-

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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 1,552p.
Imperial Brands Plc has a 4 week average price of 1,258.20p and a 12 week average price of 1,258.20p.
The 1 year high share price is 2,569.50p while the 1 year low share price is currently 1,258.20p.
There are currently 956,736,947 shares in issue and the average daily traded volume is 3,657,913 shares. The market capitalisation of Imperial Brands Plc is £14,872,475,841.12.
wunderbar: Scrawl, you are correct, none of this is earth shattering - a £45m writedown in the value of it's vaping inventory and a likely £40m hit due to cost saving programme forced by regulatory uncertainty and negative press surrounding vaping does not warrant a 150p drop in share price (currently 1803p). Put simply IMB are warning £95m will be wiped off full year profits - in turn the market has wiped £1.42bn off the value of the company! Truth be known the market is really punishing IMB for it's continued failure to maintain market guidance, always falling short - too many excuses in recent years have left us where we are today. Just look at the performance of BATS in 2019, up 23% whilst IMB fell 21% - reason for BATS impressive performance simply because it met or exceeded market guidance (undoubtedly a stronger player with quality management). As for the dividend many people on here seem obsessed with the high yield and see IMB as an income stock - well I guess that all depends on your entry point noting share price has fallen almost 50% in past three years: 2017 (-11%), 2018 (-25%) & 2019 (-21%). Fact is during this time shareholders have seen significant capital erosion regardless of divi payments. I personally expect a divi cut and re-focusing on reducing debt. As for the potential disposal of its premium cigar business this seems to be dragging on too long noting it was originally planned to be sold off by May 2020 (as part of their divestment programme first mooted almost two years ago). Given this time frame is fast approaching and there's still no concrete word of a sale you have to wonder if it's going to happen. IMB have always said the price has to be right or they won't sell - it was rumoured this division could fetch upto £1.5bn, maybe this is major sticking point with potential buyers.
dgbell7: eeza my wishes are neither here nor there but for what its worth in an ideal world I'd like to see the dividend and the share price both rising of course! It will be interesting to see what line the new CEO does take. you say this is an income stock and of course that's why a lot of people buy in but I don't view any share as solely a dividend purchase as the share price is important to me.I started buying here in October 19 as I felt the dividend was attractive and also so was the share price.
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.
spud: Do FTSE 100 shares Barclays, Imperial Brands and Standard Life Aberdeen have sound recovery prospects? The share price performances of Barclays PLC (LON:BARC) (BARC.L), Imperial Brands PLC (LON:IMB) (IMB.L) and Standard Life Aberdeen PLC (LON:SLA) (SLA.L) have been disappointing of late in my opinion. Barclays, for instance, may have surged higher in recent weeks. But it is still flat on its past 12 months performance, which leaves the bank trading on a P/E ratio of 7.6. This suggests to me that it could offer good value for money while it is forecast to post a rise in EPS of 11% next year. The bank’s performance could be hurt by global macroeconomic uncertainties to my mind. I think its share price may be volatile over the near term as a result, but that its current valuation may factor in many of the risks it faces. Therefore, I’m upbeat about Barclays’ potential to post improving capital returns over the long run. Imperial Brands may continue to be an unpopular share in the short run to my mind. I think a new CEO may look to make changes to its business model, since its recent trading updates have been below expectations in terms of the growth rate of its next-generation products. A new CEO may, for instance, look to ramp-up investment in reduced-risk products. I wouldn’t be surprised if this leads to a lower dividend outlook in the short run. But in the long run, this may create a stronger business that can more easily reward shareholders. I’m not expecting a rapid rise in the Imperial Brands share price in the short run. But I do feel that it could beat the FTSE 100 over a multi-year time period. Standard Life Aberdeen has gained ground in the last few months after a challenging period saw its stock price decline over the past few years. Investors seem to be getting onboard with the company’s rationalisation strategy, as well as the investment it is making in new fund launches and financial products. I feel that the company’s prospects could be impacted by changes to the global macroeconomic outlook. Therefore, I’m expecting volatility to be high, but also believe that Standard Life Aberdeen’s 7% dividend yield is attractive at the moment. spud
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.
nickderby: So much negativity by the usual suspects. IMB looks great value at current levels. Growth in 2019 is still going to be 2%. Cost cutting is expect to save £300m by September 2020. EPS expected to be in line with last year at 272p. PE at current share price - a very low 6.5. Long term historical PE ratio is 12, so the fall in share price is well overdone. Yield - Currently 11.65%. The company is certainly not dependent on vaping, which is loss making anyway. Sale of assets expected to bring in £2 billion by May 2020. Directors bought £370,000 of shares on Friday. I see no reason for negativity at this share price, with an incredibly low PE ratio of 6.5 all the bad news must already be priced in!
loganair: It seems to me all about Sentiment and a shrinking market. Out of all the tobacco companies Imperial seem to have the poorest sentiment against them and sentiment can really drive a share price one way or the other by a huge amount. It is very important not to discount what sentiment can do for a share price. A few months ago other posters said I was being ridiculous and totally unrealistic posting that I can see Imperials share price dropping to £20 and now Imperials share price is under £17.50.
loganair: Why has the Imperial Brands PLC share price slumped 25% in one year? by Robert Stephens CFA: Could Imperial Brands PLC (LON:IMB) (IMB.L) deliver a share price recovery? The last year has been disappointing for investors in Imperial Brands with the company’s share price declining by around 25%. Of course, a number of other tobacco companies have experienced a challenging period, with investor sentiment declining as a result of fears surrounding the outlook for the wider industry. Industry volumes are continuing to fall, with increasingly onerous regulations and a more health-conscious consumer leading to reduced demand for cigarettes. This trend looks set to continue in my opinion, although price rises could mean that cigarettes continue to offer sales and profit growth for companies such as Imperial Brands. The long-term future of the business appears to be in the reduced-risk product segment. This includes e-cigarettes and heated tobacco, with the company’s blu brand providing it with significant exposure to next-generation products. They may catalyse its financial prospects and could lead to share price growth in my view. Of course, it is likely to take time for e-cigarettes and other reduced-risk products to take the place of cigarettes in terms of sales and profitability. But with them delivering strong growth in the last few years, it appears as though declining volumes in cigarettes may be mitigated to a large extent by growing sales elsewhere. Therefore, I’m optimistic about the long-term prospects for the Imperial Brands share price. I think that the company’s strategy is sound, with it increasingly targeting investment on new products that could offer improving sales and EPS growth over future years. Although investor sentiment may remain weak in the short run after what has been a very difficult period for the stock, I believe that Imperial Brands’ P/E ratio of 7 suggests that it offers a large margin of safety. Therefore, as a long-term investor the stock appeals to me, with it having the potential to beat the FTSE 100 over future years in my opinion.
speedsgh: Interesting to note that the IMB share price fell c50% from its high in 1999 to its low in 2000. It did exactly the same from its high in 2007 to its low in 2008/09, down c50%. It is currently down c43% from its high in mid-2016...
Imperial Brands share price data is direct from the London Stock Exchange
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