IMB.L - Imperial Brands PLC

LSE - LSE Delayed price. Currency in GBp
1,732.40
-25.80 (-1.47%)
At close: 4:38PM GMT
Stock chart is not supported by your current browser
Previous close1,758.20
Open1,779.80
Bid1,728.20 x 0
Ask1,728.80 x 0
Day's range1,714.20 - 1,779.80
52-week range1,670.00 - 2,713.50
Volume2,475,384
Avg. volume2,935,540
Market cap16.407B
Beta (3Y monthly)0.25
PE ratio (TTM)16.37
EPS (TTM)105.80
Earnings date5 Nov 2019
Forward dividend & yield2.07 (11.75%)
Ex-dividend date2019-11-21
1y target est3,018.82
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  • I reckon the low Imperial Brands share price and near-12% yield make it a screaming buy
    Fool.co.uk

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    Harvey Jones says results at Imperial Brands Group plc (LON: IMB) may be disappointing, but today's bargain price and double-digit yield can't be ignored.

  • Imperial Brands Suffers From Vaping Backlash
    Bloomberg

    Imperial Brands Suffers From Vaping Backlash

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Imperial Brands Plc picked former investment banker Therese Esperdy to replace its chairman as the U.K. cigarette maker struggles to keep up in the fast-changing tobacco industry.Esperdy, who retired from JPMorgan in 2015, will replace Mark Williamson in January and guide the search for a new chief executive officer. The new team will have to catch up with bigger rivals in next-generation products, navigate regulatory turmoil for e-cigarettes and gain back investors’ trust.Imperial also said Tuesday it aims to announce the sale of its premium cigar business soon as it seeks to raise cash to pay down debt. The stock swung between gains and declines in morning trading after the company forecast weak growth this fiscal year.Imperial, the smallest of the major tobacco companies, has had a hard time keeping up with rivals such as Philip Morris International Inc. as smokers increasingly switch to e-cigarettes and devices that heat tobacco without combustion. A health scare in the U.S. and competition from upstart Juul Labs Inc. have muddled what used to be a stable market for nicotine products.Halfwheel, a cigar industry blog, said Monday that Imperial plans to sell the premium cigar business unit to Huabao, a Chinese company with investments in tobacco. The price would probably be less than the $2 billion high-end estimate, the site said, citing people close to the talks it didn’t identify. A spokesman for Imperial declined to comment.The sale process is at an advanced stage, CEO Alison Cooper said. Imperial didn’t comment on Huabao.Imperial took a 525 million-pound ($677 million) impairment for the cigar business, which distributes Cuban brands like Romeo & Julieta through a joint venture. The company said other attempts to sell tobacco assets didn’t attract appropriate prices.Revenue and earnings per share will rise by a low single-digit percentage in the 12 months through September 2020, the company forecast Tuesday. Imperial normally targets growth of 1% to 4% in revenue and 4% to 8% in earnings per share, based on constant currencies.Imperial said growth will be weighted to the second half this year as the company seeks to revive sales of its next-generation products. Revenue from smoking alternatives rose 48% in the year through September, below the company’s expectations.The stock has lost more than half of its value in about three years. Last month the company announced its plans to replace Cooper. Imperial will announce a new CEO faster than it took to find a new chairman, Williamson said. That process took nine months as many potential candidates didn’t want to work for a tobacco company, he said.Esperdy’s appointment is great news for Imperial, said Nico von Stackelberg, an analyst at Liberum who highlighted the company’s 12% dividend yield. “A lot hinges on the incoming chair and CEO and their plan.”(Updates with executive comments in third, penultimate paragraphs.)To contact the reporter on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Thomas MulierFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • What to Watch: Imperial's vaping troubles, Primark profits, services PMI
    Yahoo Finance UK

    What to Watch: Imperial's vaping troubles, Primark profits, services PMI

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  • Reuters - UK Focus

    CORRECTED-UPDATE 2-Imperial Brands issues cautious 2020 forecast, appoints Esperdy chairman

    Imperial Brands on Tuesday issued a "cautious" forecast for the year and named a new chairman as the tobacco producer grapples with challenges in e-cigarette products and vaping. The maker of Winston and Gauloises cigarettes reported full-year revenue from tobacco and next-generation products - e-cigarettes and vapour-based devices - of 7.99 billion pounds ($10.29 billion), up 3.9% on a constant-currency basis. "2019 has been a challenging year with results below our expectations due to tough trading in Next Generation Products," outgoing CEO Alison Cooper said in a statement.

  • Imperial Brands issues cautious 2020 forecast, appoints Esperdy chairman
    Reuters

    Imperial Brands issues cautious 2020 forecast, appoints Esperdy chairman

    Imperial Brands on Tuesday issued a "cautious" forecast for the year and named a new chairman as the tobacco producer grapples with challenges in e-cigarette products and vaping. The British company said it plans to launch new e-cigarette products and refresh its main e-cigarette brand blu this year with its performance in e-cigarettes and tobacco heating products expected to be more heavily weighted in the second half. The maker of Winston and Gauloises cigarettes reported full-year revenue from tobacco and next-generation products - e-cigarettes and vapour-based devices - of £7.99 billion, up 3.9% on a constant-currency basis.

  • Is the Imperial Brands share price (LON:IMB) good value?
    Stockopedia

    Is the Imperial Brands share price (LON:IMB) good value?

    Here's why how cheap or expensive shares in large cap Tobacco operator Imperial Brands (LON:IMB)matters. Stacks of academic research covering different time fr8230;

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  • Is Imperial Brands PLC's (LON:IMB) ROE Of 29% Impressive?
    Simply Wall St.

    Is Imperial Brands PLC's (LON:IMB) ROE Of 29% Impressive?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

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  • £1,000 to invest? This FTSE 100 bargain dividend stock is set to yield more than 12%!
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    £1,000 to invest? This FTSE 100 bargain dividend stock is set to yield more than 12%!

    Harvey Jones thinks this FTSE 100 (INDEXFTSE:UKX) income hero comes with an acceptable level of risk.

  • The Imperial Brands share price (LON:IMB): further weakness ahead?
    Stockopedia

    The Imperial Brands share price (LON:IMB): further weakness ahead?

    Momentum is sticky and persists for longer than investors tend to anticipate. The downside of this is that stocks with recent negative momentum are likely to c8230;

  • Taking the Tobacco Out of Imperial Didn’t Fix Its Problems
    Bloomberg

    Taking the Tobacco Out of Imperial Didn’t Fix Its Problems

    (Bloomberg Opinion) -- Imperial Brands Plc’s Alison Cooper is stepping down in a cloud of raspberry scented smoke.The timing isn’t surprising. It comes exactly a week after the British-based maker of Davidoff cigarettes and the Blu electronic device, lowered expectations for sales and profits after taking a hit in the U.S. vaping market. The warning brought to a head discussions about the company’s future leadership as the board conducts its search for a successor to Chairman Mark Williamson.Change is clearly needed. The shares of the smallest of the world’s major tobacco companies are roughly back where they were at the start of Cooper’s 9-year watch, having lost more than half of their value since a 2016 peak.Her successor faces a tall order. The new CEO will have to figure out how to make Imperial a strong force in tobacco alternatives. It currently ranks fourth in electronic smoking devices by units sold on a four-week basis. But in the heat-not-burn segment, its Pulze product is a relative newcomer in the Japanese market, where the products have taken hold more quickly than elsewhere. It’s important to have a clear strategy in each segment since no one really knows exactly where the market’s headed.Finding the right path forward won’t be easy, given the crisis engulfing vaping in the U.S., which has prompted efforts by President Donald Trump to ban flavored products and nicotine pads while some retailers including Walmart Inc. have stopped selling e-cigarettes.They must find a way through this. One option would be developing a boarder suite of tobacco alternatives alongside Imperial’s Blu vaping device. Stepping up development in heat-not-burn segment would also be wise.Rival British American Tobacco Plc has hedged its bets, with a presence in both vaping and the heat-not-burn segment. This is a model that Imperial should follow. But this would likely mean more investment.Duncan Fox, an analyst at Bloomberg Intelligence, says Imperial can afford to spend more. First of all, it’s core business of traditional cigarettes ­ — including local brands such as Winston in the U.S. — is cash generative. Plus, its 2 billion-pound ($2.5 billion) asset disposal program and decision to abandon its policy to increase its dividend by 10% annually should give it scope to act.The new chairman must also address corporate governance issues. Bloomberg News reported that investors and analysts had voiced concerns about Imperial’s earnings calculations and strategy.Imperial has long been seen as a takeover target, but it is now particularly vulnerable given the share price weakness and that industry consolidation is back on the agenda, even after Altria Group Inc. and Philip Morris International Inc. called off their merger talks.Japan Tobacco Inc. is often mooted as the likely predator, although it would have to find a way to deal with competition constraints.If the new chairman and chief executive don’t raise their game on alternatives, then someone else might light up even more radical change for them.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

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  • Reuters

    Imperial Brands' longtime CEO Cooper to step down amid vaping backlash

    Imperial Brands Plc Chief Executive Officer Alison Cooper will step down once a replacement is found, a move that comes as the cigarette maker grapples with a regulatory backlash against e-cigarettes and declining tobacco sales. The departure of Cooper, who has led the maker of Davidoff cigarettes for nine years, comes days after it issued a full-year profit warning blaming the U.S. regulatory crackdown on vaping. It also follows the impending departure of Chairman Mark Williamson, who in February announced that he would step down once a successor was found, citing new British guidelines on the length of board chair tenures.

  • One of only six FTSE 100 female CEOs to step down
    Yahoo Finance UK

    One of only six FTSE 100 female CEOs to step down

    Imperial Brands boss Alison Cooper, one of the few women who lead FTSE 100 companies, will step down as CEO.

  • Reuters - UK Focus

    UPDATE 2-Imperial Brands' longtime CEO Cooper to step down amid vaping backlash

    Imperial Brands Plc Chief Executive Officer Alison Cooper will step down once a replacement is found, a move that comes as the cigarette maker grapples with a regulatory backlash against e-cigarettes and declining tobacco sales. The departure of Cooper, who has led the maker of Davidoff cigarettes for nine years, comes days after it issued a full-year profit warning blaming the U.S. regulatory crackdown on vaping. The smallest of the four major global tobacco players in the world, Imperial has been slow to react to the vaping craze in the United States, a market where it generates nearly 30% of its annual profit.

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