Keyword results: IMB

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Keep on thinking (and investing), until you cannot

In the world of investing, one must know when to quit.  Whilst it is, I hope, many years before I no longer manage my money, one shouldn't expect to own their favourite stock today, forever.  After all, it is not just that the world changes (because obviously, it does), but any share can become fundamentally fully-valued; that is when to move on.

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IMB
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Imperial Brands – interims, still some Income value

Imperial Brands (IMB) has announced results for its half year ended 31st March 2022 emphasising “stabilisation of our core combustible business” and “successful consumer trials validate our approach and strengthen our confidence in our Next Generation Product strategy”. This sounds encouraging.

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Imperial Brands continues to offer tobacco investing fun (even for a non-smoker)

As a lifelong non-smoker it is a bit ridiculous how much of an investment fan I am of Imperial Brands (IMB) shares, which are up over 8% today after the company’s first half numbers. But if everything that was potentially bad for you was not allowed and taxed then investors in a bunch of other consumer, defence, industrial, commodity and other areas would not be allowed. Given the world’s stock markets do tend to have to figure out over time if a sector and/or company is justifiable or not, my view is that all adults - and pension funds - can figure out whether they want to invest somewhere or not.

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BREAKING: 14 Questions Oxford Cannabinoid refused to answer at its EGM

Last week's EGM was a predictable farce. Imperial Brands (IMB) does not seem to care about its investment; thus, it fails to quiz the management of a company whose shares have slumped from 5p at IPO, to 1.3p in just ten months. Here are some of the questions asked, which raise very serious questions about the underlying science, the shock resignation of Oxford Cannabinoid’s (OCTP) broker and the cash crisis looming later this year. Natch, Oxford declined to answer any of them:

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IMB

Imperial Brands – half-year trading update, still good value?

Imperial Brands (IMB) has announced in a trading update “first-half adjusted group operating profit ahead of last year on constant currency basis” and full-year outlook in line with guidance.

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Still a buyer of shares in Imperial Brands

For a non-smoker it is a bit of a surprise that I am such a fanboy of Imperial Brands (IMB) shares. So what about today’s pre-close trading update?

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NWG
NWG
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Monday morning panic (or not) from selling institutional investors and government shareholders

I was amused to see that “Scottish Widows pulls million investors out of tobacco” as I noted yesterday that “I’ve never smoked, but I do still believe that shares in Imperial Brands (IMB) are cheap”. It is fine not to buy a particular sector but where do you stop? After all you can also not buy alcohol, military and commodity shares (and more) on a similar rationale. From my perspective, I am happy to see both Imperial Brands and British American Tobacco (BATS) shares up this morning as I write. Meanwhile I also observe that NatWest Group (NWG) shares are up today despite the government announcing a further share sale…

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IMB
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Friday news I missed last week from Rolls-Royce and Imperial Brands

I was a bit busy on Friday and missed two things.  The first was that Rolls-Royce (RR.) shares pushed up nicely, which is good news given I am a fan of the stock (as last noted here, in February).  I was pleased to read that “the owner of Air India is looking to snap up around 30 Airbus aircraft, which are powered by engines built by the UK’s leading engineering group”.  That was nice, but the real reason for the rise in shares was a few bid rumours based on the fact that, as the Mail on Sunday puts it, “arch-rival BAE Systems (BA.) could be a contender”.  All good fun…but don’t ever bet on bids alone.  Meanwhile, I want to talk about Imperial Brands (IMB)…

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Imperial Brands – “Update on Russia and Revised Guidance”, Buy

Imperial Brands (IMB) has announced an update on its actions and impact of Russia’s invasion of Ukraine, concluding on Russia “an orderly transfer of our business as a going concern would be in the best interests… have begun negotiations with a local third party about a transfer”.

DFS
DFS
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Still happy with Imperial Brands, still avoiding DFS Furniture

I was a little bit worried this morning, not because it was the Ides of March or anything like that but about how the Imperial Brands (IMB) share price might react to its announced observation of a “financial impact of an exit from Russia and the previously announced suspension of operations in Ukraine on our full-year guidance for FY22”.

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BATS continues its 'pivotal year' progress for its shareholders (even if you are a non-smoker)

For a non-smoker I undoubtedly do comment about the world’s leading tobacco names far too much.  As an investor though there have been opportunities in the names over recent years, initially in terms of dividends but more recently via total return levels.  It is certainly no disgrace to see Imperial Tobacco (IMB) shares up c. 10% year-to-date, whilst shares in British American Tobacco (BATS) are up nicely over 15%.  Smoking!  So where do us investors go from here on the names?

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IMB
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Imperial Brands – full-year results emphasise operational improvements, Buy

Imperial Brands (IMB) has announced results for its year ended 30th September 2021, emphasising “operational improvements supporting growth in net revenue, profit and free cash flow”.

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I’ve never smoked, but I do still believe that shares in Imperial Brands are cheap

There are naturally many different views on tobacco shares. I have never smoked and dislike even being moderately close to smokers, but Imperial Brands (IMB) is in the top half of my personal pension fund portfolio. And, as I noted back in July, it is not the only UK listed name in the global sector which is cheap. I have hardly made a fortune holding shares in Imperial Brands over the last couple of years, but I have done alright, aided by increasing my position earlier this year (and then there have been some very reasonable dividend payments too – more on this later). So what do I make of today’s full year numbers to the end of September?

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IMB
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Imperial Brands – full-year trading statement, Income Buy

Imperial Brands (IMB) is “pleased to report the business continues to perform well… on track to deliver our full-year results in line with expectations”. That suggests upside potential from a below 1500p share price.

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Tesco may be boring...but it can still live happily in your portfolio

I was impressed by a couple of corporate updates today. I wrote about Imperial Brands (IMBmost recently back in May, noting that despite never being a smoker I thought the stock was still a buy. It has hardly romped in recent months – including today – despite what seems to me a pretty good pre-close trading update.

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British American Tobacco shares continue to offer attractive total return hopes

Back in late April I wrote about the ‘US tobacco market shocker’ for companies such as Imperial Brands (IMB) and British American Tobacco (BATS), but argued that it was more of an opportunity than a threat HERE. British American Tobacco produced its first half numbers today and whilst there is plenty of difference between current rate and constant rate returns (thanks the rise of the pound against the dollar and related over the last year!), the company is still growing its underlying sales and profits. And whilst the US authorities were very grumpy concerning their desire to ‘ban menthol cigarettes, ban flavoured cigars build on previous flavour ban and mark significant steps to reduce addiction’, not only have the shares edged up since but sales and profits have continued to go up in both the US and around the world.

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The opportunity for value investors provided by ESG loons such as the Financial Times

It has always amazed me how the paper that purports to be the voice of business has, on so many issues taken a profoundly anti-business line.  The FT told us to vote for Blair, to join the EMU and the Euro and to oppose Brexit. Natch it is all in favour of a radical green agenda even if it cripples business in the West. And it cannot get enough of the sort of ESG porn that the FCA also jerks off on every day. Today it bigs up a story about the FTSE Russell Index threatening 208 companies with expulsion. According to the FT:

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Imperial Brands is doing absolutely fine (not that I’ve ever smoked natch)

Regular readers will know by now my views on tobacco giant Imperial Brands (IMB). Earlier this year I outlined HERE why a business with ‘brands such as JPS, West, Winstone and Davidoff plus new brands such as blu offer skills in ‘Next Generation Products’ (NGPs)’ offered turnaround value. Since then the shares have risen back to over sixteen quid, but how do I feel about the prospects for further share price appreciation and the maintenance of the current c. 8.5% dividend yield?

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Bearcast
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Tom Winnifrith Bearcast: Explaining with hard data and FACTS why Zoetic shares will collapse from 63.5p to buttons

I thank those who have been so generous so far but if you have not yet donated to Rogue Bloggers for Woodlarks then consider a fat middle-aged man walking 27 miles in the Cheshire rain tomorrow and please give a few quid HERE. In this podcast, I look at one company, at hard facts about its share ownership, about its sales, about what it has not said and at peer group valuation analysis. At the end of it all, I challenge anyone to disagree with the conclusion that the shares will collapse over the coming months from 63.5p to buttons. Re the declaration, the share I own is Imperial Brands (IMB).

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IMB
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US tobacco market shocker for Imperial Brands and BAT?

I know that my view on the tobacco sector is not shared by everyone but that is why – despite never being a tobacco smoker – I have held (and made money investing in) shares in the sector. As I noted about my position in Imperial Brand (IMB) back in late March HERE, ‘the story here remains attractive’ – observing the modest rating and high dividend yield as well as ‘the remaining major tobacco sector names also getting involved with cannabis’. However Imperial Brands and British American Tobacco (BATS) shares are both down over five percent today, losing some of their recent gains. What is going on?

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CCL
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You won't find me using Carnival or Imperial Brands...but I still own both shares

First I see that Carnival (CCL) shares are up a couple of percent this morning to a £16 share price. Despite an initial badly timed investment of the shares below £30 over a year ago when only China was impacted by the Covid-19 challenges, a further sales update has brought me closer to breaking even. It struck me during the dog days of last year that there was some potential to see a substantial share price improvement. After all if you get vaccinated – as a growing proportion of older and/or richer travellers in the world are – then your scope to get back onto a cruise ship in 2021-2 has gone substantially up…

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IMB
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How does Imperial Brands look after a 90 page Capital Markets Event?

Back in November both myself here plus Tom and Steve here concluded that the fourteen quid and change share prices back then meant Imperial Brands (IMB) was an overt buy.  The shares have been up since the November ideas push but slipped yesterday. So what should we be thinking about a name with historic brands such as JPS, West, Winstone and Davidoff plus new brands such as blu offer skills in ‘Next Generation Products’ (NGPs) areas?

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IMB
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Imperial Brands – resilient full year results, Income buy...

Imperial Brands (IMB) has announced results for its year ended 30th September 2020 and that, despite showing resilience, “we expect to deliver a stronger financial performance in 2021”…

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How I'm still feeling about flights (easyJet) and ciggies (Imperial Brands)...

Just over a month ago HERE I concluded about FTSE 100 names easyJet (EZJ) and Imperial Brands (IMB) that there was value in both. Since I wrote those words, the former has rather (if you will excuse the pun) taken off with the share up almost 50% from the either side of five quid level it was previously at. Meanwhile Imperial Brands shares are showing more evidence of clearly forging a triple bottom in the twelve/thirteen quid range and are now breaking up/out. That is nice darts…though neither of today’s updates are flawless…

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How are you feeling about flights (easyJet) and ciggies (Imperial Brands)?

Obviously the title question is not aimed at your personal consumption activities because I know you are sober and righteous people, fully locked down at the home office and whose only vice is contributing to the online gambling-driven profits nudge up of GVC Holdings (GVC), as disclosed this morning. You know my thoughts on that one already from here. Back to recently less remunerative shares though…

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IMB
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Imperial Brands – cuts dividend… but as we expected and still an Income buy

We recommended shares in tobacco and ‘next generation’ products smoking company Imperial Brands (IMB) amidst the market instability in early April – noting trading performance resilience although we regarded a dividend cut as almost inevitable. The company has now announced results for its half-year ended 31st March 2020 – and there’s subsequently been a new addition to the shareholder list...

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Bearcast
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Tom Winnifrith Bearcast: in 100% defence of Roger Lawson of ShareSoc

I start by thanking both Jim Mellon and Nigel Wray who have eached pledged £1000 to Rogue bloggers for Woodlarks, ahead of June 13 when I shall be walking around my fields here in Wales. Woodlarks needs £48,000 to survive the year. We have now raised 17% of that, please can you make a donation, however small, today to get us closer to target. Please give HERE. I then launch into a heartfelt defence of Roger Lawson of Sharesoc over what appears to be an undeclared related party deal at the organisation that campaigns for improved corporate governance and transparency. Then I look at Imperial Brands (IMB) and First Derivatives (FDP), one a stonking long the other a stonking short.

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IMB
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Chillax Imperial Brands shareholders, your dividend is not (completely) up in smoke...

As everyone except a few delusional souls such as Bernie Madoff in his pomp have noted, this investment game is not easy. Today's ongoing lesson for me is Imperial Brands (IMB), where, if you had asked me yesterday – the day before its first half results, I would have predicted a playbook something akin to (1) the company says life is not easy but sort of workable akin to its revised guidance of a month or two ago (check), (2) it would cut the dividend citing the need to reduce debt but the absolute yield would still be attractive (check) and; (3) the shares would go up as panicky investor types would get the other side of their fears and realise there is an interesting and out-of-favour defensive total return story (hmm)...

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IMB
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Imperial Brands – an Income buy

Shares in tobacco and ‘next generation’ products smoking-focused Imperial Brands (IMB) were above 2000p early this year and it updated investors the other day on a number of matters including “although the economic and social impact of COVID-19 is developing rapidly, there has been no material impact on group performance to date and current trading remains in-line with expectations”. The shares are though now available to buy at 1665p - they were  1570.5p when this article first appeared -  and we think you should although we regard a dividend cut as almost inevitable.

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Bearcast
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Tom Winnifrith Bearcast: so where should I invest my SIPP Windfall?

It looks like the cash that I did not realise until a few months ago I had, will finally arrive in my SIPP this week. so where will I invest it? I discuss my outlook for equities in general, what I shall avoid and then Optibiotix (OPTI). R4E (R4E), Imperial Brands (IMB), Centamin (CEY), Tesco (TSCO), BP (BP.), Shell (RDSB), Wishbone Gold (WSBN) Red Rock (RRR) and Fox Marble (FOX).

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IMB
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Dividend investors: time not to focus on dividends!

The gist of my article a few days ago on dividend behemoths Imperial Brands (IMB) and Royal Dutch Shell (RDSB) was that if either name cut their dividend by half and the shares rose, this would be super bullish. I know that dividend cuts are naturally disliked by income-seeking investors but in a world where I see respected analysts are calculating that '35% of companies in the FTSE All-Share index have cut their dividend in the past 30 days...that’s an even faster pace than when Lehman Brothers collapsed in 2008', you have to get with the backdrop.

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Bearcast
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Tom Winnifrith Bearcast: More red flags than flutter on Jeremy Corbyn's bedroom wall

I start with a look at dividends in general and why they should be cut or axed but I discuss - as per today's most excellent article from Chris "Three Brains" Bailey - Imperial Brands (IMB) and Shell (RDSB) in particular. I am tempted to buy both because I think their shares will go up AFTER an inevitable dividend cut. I discuss what a moron Jeremy Corbyn is and my anger at an Oxford institution wanting Government cash. I look at Zenith Energy (ZEN) wondering if it has found more fake sheikhs drawn to the AIM Casino and also at AIQ (AIQ) - which continues to amuse.

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Newsboy
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Imperial Brands & Royal Dutch Shell - tell us about the 'd' word (please)

After slipping on my hazmat suit (cheap before the crisis by the way) but eschewing the Czech military issue gas mask (again a steal a few months back), I made my weekly allowed trip to a local supermarket. At least my local Sainsbury (SBRY) was sensibly stocked and everyone seemed happy enough to give me a two metre wide berth. Lots of yellow sticker bargains to be had for the freezer too - well you all know I am a value investor at heart. Anyhow, whilst bounding around the supermarket aisles, I was pondering this morning's regulatory news disclosures…

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Newsboy
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Imperial Brands, Domino's Pizza and Johnny Foreigner

I may have loved up the upcoming change of CEO at Imperial Brands (IMB) on Monday, but he is coming into a vaping hornets' nest as today's update from the company observes that 'following the US FDA's ban on certain flavours of cartridge-based vapour devices and weaker than expected consumer demand for vapour, we now expect constant currency full year Group net revenue to be at a similar level to last year and adjusted earnings per share to be slightly lower than last year'…

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Newsboy
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Change is good at Imperial Brands and SIG

I see Imperial Brands (IMB) shares are up today and getting back close to re-attaining the twenty quid level. That is great… but less than eighteen months ago the stock was almost at thirty quid. There are a bunch of reasons why the shares have fallen but - as I noted here back in November - there are a bunch of regulatory issues impacting the vaping growth area that have overhung the shares above and beyond any challenges associated with fading cigarette consumption in the developed world…

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Newsboy
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Vice stocks update – Imperial Brands and GVC

My name is Chris Bailey. I am an extremely clean living person with a couple of minor disclosures to make. One will become apparent in an article Tom has asked me to write in a month or so. The other is that I have a filthy share investing habit, with my personal pension fund having a reasonable chunk invested in demerit areas such as tobacco and gambling...

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IMB
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Are my positive views on Imperial Brands up in smoke?

Looking back a couple of months to my appearance on Tom's radio show many of the views I expressed there have aged pretty well. Long/buy calls such as Barrick Gold (GOLD in the US) and easyJet (EZJ) have performed appropriately whilst dogs such as Metro Bank (MTRO) and Dignity (DTY) keep woofing. I remain amazed that shares in bad boy St James's Place (STJ) have so far shrugged off a bunch of disaster stories about its overcharging culture...you can guess my continued negative thoughts on that one. However, one share which I mentioned and has not behaved as I would have hoped in the last couple of months is Imperial Brands (IMB)...

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t's a foolish game to predict takeovers, so naturally here are three!

There's nothing like a thirty percent pop in a share price to make you feel like an investing genius...even if all this does is compress your loss on an individual share a little bit.  

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IMB
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Imperial Brands goes progressive on its dividend...and the market likes it

I found it interesting that the comment that was written to my article about the challenges of high headline dividend yields asked about my views on Imperial Brands (IMB). I took the view that for the tobacco giant it actually was more of an opportunity than a threat because I could not see the scope for the dividend to be cut because of what I perceive as the strengths of its cash flows. And actually this is how it seems to be working out...

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Imperial Brands – what will make the shares go up?

I have been a supporter of the shares of Imperial Brands (IMB) for a while now, including noting back in September last year that 'the shares should be in the £30s at the very least. I remain a non-user of their products...but a buyer of their shares'. Well that might be my aspiration...but reality has been somewhat shabby with the shares currently revisiting the sub 23 quid level for the second time in six months. So what is going on?

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Bearcast
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Tom Winnifrith Bearcast on this Brexit betrayal day: Answering a Neil Woodford question for Roger Lawson.

Neil Woodford needs money for his funds urgently but to give to a far more deserving cause which I may have mentioned once or twice go HERE. I discuss damning statistics for the AIM Casino, Inspirit (INP), Mobile Streams (MOS) and in the Woodford section Paypoint (PAY), Imperial Brands (IMB) and now Strix (KETL), another jolly good income and growth play he is dumping. 

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Newsboy
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Quelle surprise it is patchy out there confirms Ferguson (negatively) and Imperial Brands (positively)

I was running around yesterday talking to a couple of different groups of people about the current market backdrop and broadly concluding that it is patchy but not impossible out there. I even managed (somehow!) not to mention the 'Brexit' word for well over half my chat through...which was certainly a blessed relief for everyone there and me in equal proportions. Anyhow these obligations hindered me from filing any copy and the stock I clearly would have written about would have been Ferguson (FERG)...

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IMB

Imperial Brands: dumping the chair is about the share price and Old Father Time not "overboarding"

I see there are various reports circulating that Mark Williamson - the chairman of Imperial Brands (IMB) - is set to fall on his sword soon, having been hassled by institutional investors over perceived "overboarding", given he is also the chair of Spectris (SXS) and on the board of National Grid (NG/). 

Christmas-Stripper
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Welcome to your FTSE 100 broker Christmas lunch

Back in the day, I used to be an institutional fund manager and did go on a number of brokerage lunches at around this time of year. The essential underlying aim of these lunches did not change for years: a thank you for business given during the year...and a pitch or ten about stocks that could be bought (or sold) early the next year in order to keep that commission flow going (and from the broker's perspective hopefully building). It seemed to me that the ideas took a very simple form: buy the underperformers and sell the outperformers. Well who does not like a bargain or - indeed - to take profits? So from an akin premise - but with an added slice of cynicism (and no need to elicit your brokerage commission flows!) - what does a 'brokerage lunch list' throw up as interesting in December 2018 looking ahead into 2019?...

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IMB
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Imperial Brands - fade the moral outrage & buy

Time for another write-up on Imperial Brands (IMB)...and no doubt time for a bunch of criticism in the comments about how this is an uninvestable sector. Well I do not smoke, would not want my children to smoke/use tobacco-based products but - in a modern world of information and regulation/taxation - I respect the right of adults to do so and I remain perfectly comfortable in investing in the sector. Otherwise, where do you draw the investing line? Alcohol? Defence? Gambling? Clothing names who directly or indirectly use child labour and lots of water? Energy and mining names due to their use of the world's assets? You get the gist...

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Newsboy
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Smoking in the sun - updated views from Next & Imperial Tobacco

Back in early August, I admitted I was a fashion luddite but, even so, managed to conclude on FTSE-100 clothing retailer Next (NXT) that the weather was rather important:

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Why I’m Unsure It's the Best Course to Follow Chris Bailey’s Latest Tip - with TW Note.

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.

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Bullish smoke signals from Imperial Brands

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.  

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Imperial Brands - I don't use the products but hello cash machine

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.

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Imperial Brands - time to light up...

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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