Tuesday 17 July 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Hello Share Swappers. A fellow Shareprophets scribe and a very nice chap I meet with pleasure at all the Global Group UK Investor Shows, writes to commend investment in Imperial Brands (IMB). That, of course, is a tobacco company.
I was too early with my positive call on Imperial Brands (IMB) that I shared with you back in November . Sure I have picked up some dividends but it is capital growth you all really want. Today's half year numbers however highlight why this name should be in your portfolio even if - like me - you are not a user of their products.
The last time I wrote about Imperial Brands (IMB) HERE, there were a few overly excitable comments made. As noted last time, I have never smoked but have no moral hang-up to investing in the sector. If you do...then I guess you have stopped reading or I look forward to your comments. Anyhow, since my original piece the stock is slightly down but only by a percent or two and full year preliminary numbers highlight an improving second half of the year showing a touch of revenue and EPS growth.
I have never smoked and have no plans ever to but I am enough of a libertarian to take the view that if individuals want to light up after knowing everything that medical science has discovered about tobacco over the last couple of generations then that is their business. And so I do periodically invest in the tobacco sector.
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