IMB.L - Imperial Brands PLC

LSE - LSE Delayed price. Currency in GBp
1,405.00
-35.00 (-2.43%)
At close: 4:38PM BST
Stock chart is not supported by your current browser
Previous close1,440.00
Open1,449.50
Bid1,402.50 x 0
Ask1,405.00 x 0
Day's range1,396.41 - 1,463.00
52-week range1,258.20 - 2,256.00
Volume1,610,202
Avg. volume2,304,842
Market cap13.297B
Beta (5Y monthly)0.37
PE ratio (TTM)15.58
EPS (TTM)90.20
Earnings date19 May 2020
Forward dividend & yield0.83 (5.67%)
Ex-dividend date20 Aug 2020
1y target est3,018.82
  • Analysts upbeat on the outlook for Imperial Brands
    Stockopedia

    Analysts upbeat on the outlook for Imperial Brands

    The Imperial Brands (LON:IMB) share price has risen by 1.59% over the past month and it’s currently trading at 1534.18. For investors considering whether to bu...

  • 3 shares I’d buy today with dividend yields over 8%
    Fool.co.uk

    3 shares I’d buy today with dividend yields over 8%

    These high yielders are among the best shares to buy today for income investors, says Roland Head, who think these 7%+ yields should be sustainable.The post 3 shares I'd buy today with dividend yields over 8% appeared first on The Motley Fool UK.

  • Turns Out It Was a Good Time to Quit Smoking After All
    Bloomberg

    Turns Out It Was a Good Time to Quit Smoking After All

    (Bloomberg Opinion) -- So, perhaps reassuringly, it turned out tobacco wasn’t so defensive during this global health crisis after all.After indications early in the pandemic that tobacco may hold up, British American Tobacco Plc on Tuesday reduced its forecasts for full-year sales growth as Covid-19 lockdowns hurt business in emerging markets. The maker of Dunhill, Lucky Strike and Rothmans cigarettes depends on developing nations for one-quarter of its revenue.South Africa has banned sales of tobacco products as part of a strict lockdown policy that BAT and other companies are fighting. Cigarette consumption has been disrupted by curfews in some markets, such as Bangladesh. In addition, smoking in markets such as Vietnam often takes place in bars and restaurants. With establishments closed, or consumers reluctant to venture out, there was less temptation to light up.This slowdown provides good reason for pause for investors in BAT, led by the relatively new Chief Executive Officer Jack Bowles. With higher smoking rates, and the potential for consumers to trade up to more expensive brands as average incomes grow, these regions are supposed to offset the deterioration in developed markets as people there quit smoking. But now, because of the coronavirus hit, BAT expects a 7% decline in global industry sales volumes of cigarettes and heated-tobacco devices this year, more than the previously anticipated 5% fall.This scenario has implications for competitors such as Philip Morris International Inc. and Japan Tobacco Inc., which produces Winston and Benson & Hedges cigarettes. Japan Tobacco has been using its strong balance sheet to buy emerging-market brands over the past few years.As the contagion spread and shined a spotlight on potential risks related to smoking, lockdowns meant BAT had to delay launches of new devices that heat rather than burn tobacco and electronic cigarettes, because the stores where they’re sold were shut. The U.S. market, the world’s biggest for electronic cigarettes, was already struggling to recover after a spate of illnesses and deaths last year related to vaping.Consequently, BAT expects to reach its target of annual sales of 5 billion pounds ($6.4 billion) from tobacco alternatives a year later than planned, in 2025. The dislocation across cigarettes and newer products will lead to lower underlying earnings growth this year than previously forecast, as well as a slower reduction in debt.However, it’s still too early to throw out the thesis that people will reach for cigarettes no matter what’s happening. In developed markets, consumption is holding up. In the U.S., for example, industry volumes could now fall by only about 4% this year, compared with the 5% previously anticipated, amid signs pointing to BAT gaining market share and few consumers are switching to cheaper brands.Vaping as a category is still reeling, but BAT is making headway with its Vuse and Vype brands. And it continues to invest in its tobacco heating device Glo, as well as in oral tobacco Velo. The strategy of having a balanced portfolio of new-generation products is wise. It’s not yet clear which of these categories will be the winner as traditional cigarette sales decline.True, BAT had to lower its outlook and there is a risk that smokers will seek out cheaper brands in a recession, but at least the company is updating investors regularly. It also remains committed to its policy of paying out 65% of underlying earnings per share. Rival Imperial Brands Plc cut its dividend last month.BAT has not been immune from the pandemic, but the company is positioning itself well for the future. And who knows, its biotech subsidiary might even come up with a Covid-19 vaccine.This 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/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Looking for more ISA income? I’d buy this 9.2% FTSE 100 yearly payout today!
    Fool.co.uk

    Looking for more ISA income? I’d buy this 9.2% FTSE 100 yearly payout today!

    This FTSE 100 firm is nearly 120 years old, has strong brands, and pumps out cash, yet its shares are down a third.The post Looking for more ISA income? I'd buy this 9.2% FTSE 100 yearly payout today! appeared first on The Motley Fool UK.

  • Have £1k to invest today? I’d buy these 2 FTSE 100 shares in an ISA in this stock market crash
    Fool.co.uk

    Have £1k to invest today? I’d buy these 2 FTSE 100 shares in an ISA in this stock market crash

    These two FTSE 100 (INDEXFTSE:UKX) shares could offer defensive appeal during what may prove to be a challenging period for investors, in my opinion.The post Have £1k to invest today? I’d buy these 2 FTSE 100 shares in an ISA in this stock market crash appeared first on The Motley Fool UK.

  • I think there’s never been a better time to buy these 3 FTSE 100 income stocks
    Fool.co.uk

    I think there’s never been a better time to buy these 3 FTSE 100 income stocks

    The best time to buy FTSE 100 income stocks is when they're seriously hammered. The stock market crash has certainly done that to these three.The post I think there's never been a better time to buy these 3 FTSE 100 income stocks appeared first on The Motley Fool UK.

  • Building a second income? Here are 2 FTSE 100 dividend stocks I’d buy and hold today
    Fool.co.uk

    Building a second income? Here are 2 FTSE 100 dividend stocks I’d buy and hold today

    If you're building passive income, these two top FTSE 100 stocks are worth investigating. I would buy and hold them today, says Rachael FitzGerald-Finch.The post Building a second income? Here are 2 FTSE 100 dividend stocks I'd buy and hold today appeared first on The Motley Fool UK.

  • What to watch: Rizla-maker hit by Duty Free closure, airlines stocks bounce, and unemployment claims jump
    Yahoo Finance UK

    What to watch: Rizla-maker hit by Duty Free closure, airlines stocks bounce, and unemployment claims jump

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Reuters

    Imperial Brands slashes dividend as recession set to hit spending on pricier cigarettes

    Imperial is the fifth-highest yielding dividend stock on Britain's FTSE 100 <.FTSE> and news that it was slashing its payout sent its shares tumbling 8% in morning trade, the FTSE's top loser. While the company joins a crowd of FTSE 100 companies that have cut dividends in recent months, including Barclays PLC <BARC.L>, WPP <WPP.L>, Whitbread <WTB.L> and Glencore <GLEN.L>, it is the first tobacco maker to do so. "Despite the tougher times faced by the industry in recent years, the likes of Imperial were still seen as dependable dividend payers, and this morning’s rebasing of the dividend is yet another blow for income investors,” said Helal Miah, Investment Research Analyst at The Share Centre.

  • Imperial's premium cigar era draws to $1.33 billion end after slow burn sale
    Reuters

    Imperial's premium cigar era draws to $1.33 billion end after slow burn sale

    The sale to private buyers includes Imperial's 50% stake in Cuba's official exporter Habanos, a unit of state-owned tobacco company Cubatabaco, which gives it rights to sell prestige brands Cohiba, Montecristo and Romeo y Julieta in 150 countries. Imperial will retain its machine-made cigar business, whose most popular brand is Backwoods, which only constitutes a small proportion of its overall revenues. The firm entered the premium cigar business in 2008 with the acquisition of Spain's Altadis.

  • What does the future hold for the Imperial Brands share price?
    Stockopedia

    What does the future hold for the Imperial Brands share price?

    The Imperial Brands (LON:IMB) share price has risen by 16.7% over the past month and it’s currently trading at 1551.5. For investors considering whether to buy8230;

  • Has Imperial Brands PLC (LON:IMB) Been Employing Capital Shrewdly?
    Simply Wall St.

    Has Imperial Brands PLC (LON:IMB) Been Employing Capital Shrewdly?

    Today we'll look at Imperial Brands PLC (LON:IMB) and reflect on its potential as an investment. In particular, we'll...

  • Imperial Brands delays release of half-year earnings by two weeks due to coronavirus
    Reuters

    Imperial Brands delays release of half-year earnings by two weeks due to coronavirus

    "With an already tight reporting timetable and with newly appointed auditors, we have therefore agreed with Ernst & Young that the steps both businesses are taking in relation to COVID‐19 mean it will take longer to prepare and review Imperial Brands' interim financial results," the company said in a statement. The Winston and Gauloises Blondes cigarette maker will now release its statements for the six months to March 31, 2020 on May 19 instead of May 5.British regulators have given publicly traded companies an additional two months to prepare their financial statements, making the deadline six months from their financial year-end. Earlier this month, Imperial said that despite the coronavirus pandemic hitting economies, trading was in line with expectations so far and it had not seen any material impact to its business.

  • Looks Like the Wrong Time to Quit Smoking
    Bloomberg

    Looks Like the Wrong Time to Quit Smoking

    (Bloomberg Opinion) -- Lloyd Bridges’s character in the disaster comedy “Airplane” captured it quite well when he said, “Looks like I picked the wrong week to quit smoking.” It’s a sentiment shared by people locked down around the world. While demand for most everything outside of food and toilet paper has declined, cigarettes are holding up.In an environment where companies are ditching their profit guidance left, right and center, Imperial Brands Plc, which makes Kool and Gauloises cigarettes, said on Tuesday that so far the virus had had no material impact on performance and trading remained in line with expectations. That echoes comments two weeks ago from British American Tobacco Plc. Shares in Imperial rose as much as 15%In the coronavirus-induced consumer crisis, big tobacco is certainly living up to its defensive reputation.After all, if people are addicted to nicotine, they still need their fix. And the pandemic-stricken world we live in provides incentives to light up more often:  Anxiety induced by ever-grimmer headlines; the fact that local stores selling cigarettes are still open; and the ease with which you can take a fag break when working from home as opposed to having to step outside the office.But it’s not unqualified good news for the industry.Imperial, which also makes Golden Virginia tobacco,  said that its factories were building contingency stocks, and its Logista distribution business serving Italy, France and Spain was doing the same to ensure supplies could get through to retailers. It’s also possible that as with rice and pasta, consumers are stockpiling cigarettes in case of even more stringent isolation measures down the road. So some demand may have been pulled forward, meaning this uptick might not be sustained in the long term.What’s more concerning is a recent focus on the increased risk of Covid-19 to smokers, and whether that may encourage more people to quit once the crisis has passed. Reports that the state of New York was in discussions about potentially banning cigarettes made headlines, but Bloomberg News reported on Monday that consideration of a ban was “100% not true.”Still, a renewed focus on personal health, especially where everyone’s lungs are concerned, would likely hurt cigarette sales in the future. These are all challenges tobacco companies will have to grapple with as they race to find what alternative product will drive growth if or when the world does kick its cigarette habit. The industry was already working to get past questions about health risks around vaping, which was last year linked with a spate of cases of respiratory illness. Groups including BAT, Altria Group Inc. and Philip Morris International Inc. have invested billions of dollars in electronic cigarettes and devices that heat rather than burn tobacco. Altria took a 35% stake in vaping leader Juul Labs Inc., which it has now written down. Right now, though, with the prospect of economic conditions deteriorating, tobacco’s resilience in the face of recession should come to the fore, especially given that traditional cigarettes remain the industry’s most profitable product. Smokers may trade down if money becomes tight, or switch to rolling their own cigarettes. But Duncan Fox, an analyst at Bloomberg Intelligence, says that even then pure tobacco has higher margins.So from a position a few months ago, where vaping sales were under pressure, but there were worries about an accelerated decline in smoking traditional cigarettes too, Big Tobacco’s core business now looks to be on a surer footing. That’s bad for public health, and for those funds that choose not to invest in cigarettes. But at least it can help preserve the industry’s profits and chunky dividend payouts for investors, when those at many other companies are suffering.This column does not necessarily reflect the opinion of 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/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Imperial Brands, British American Tobacco sign deals for new credit

    Imperial Brands, the maker of Gauloises Blondes cigarettes, said it secured a new 3.5 billion euros (3.13 billion pounds) credit line with an initial three-year term that could be extended bi-annually. British American Tobacco separately said on Tuesday it priced an offering of $2.4 billion notes and intends to use the proceeds for general business purposes, including paying off upcoming maturities. The tobacco group, whose brands include Lucky Strike and Dunhill cigarettes, earlier in March said it too had not seen any outbreak-related hit on its business and maintained its full-year forecasts.

  • Here's why the Imperial Brands share price might be in serious trouble
    Stockopedia

    Here's why the Imperial Brands share price might be in serious trouble

    Paying attention to a few simple checklists can radically improve our risk management. One of these - the Altman Z-Score - was found to be: 72% accurate in pr8230;

  • Have Insiders Been Buying Imperial Brands PLC (LON:IMB) Shares This Year?
    Simply Wall St.

    Have Insiders Been Buying Imperial Brands PLC (LON:IMB) Shares This Year?

    We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...

  • Reuters

    Cuban cigar sales increase but face challenges in 2020

    Cuban cigar sales topped $531 million last year, state monopoly Habanos S.A. announced on Monday as the country's annual cigar festival opened, most likely the last with partner Imperial Brands Plc <IMB.L>. Cuba was Habanos fifth market thanks to tourism, but domestic sales decreased slightly, Habanos President Luis Sanchez said, apparently due to tighter U.S. travel restrictions. "Americans love Cuban cigars," David Savona, executive editor of Cigar Aficionado Magazine said, estimating tens, if not hundreds of thousands were puffed on annually.

  • Imperial Brands: share price weakness ahead?
    Stockopedia

    Imperial Brands: share price 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;

  • What to Watch: Vape ban hits Rizla-owner, Domino's sales rise, and stocks pick-up
    Yahoo Finance UK

    What to Watch: Vape ban hits Rizla-owner, Domino's sales rise, and stocks pick-up

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Imperial Brands' profit growth evaporates after U.S. vaping crackdown
    Reuters

    Imperial Brands' profit growth evaporates after U.S. vaping crackdown

    Rival British American Tobacco's shares <BATS.L> were also down 1%. The profit warning adds to the challenges for new CEO Stefan Bomhard - head of automotive services company Inchcape <INCH.L> - whose appointment was announced on Monday with a start date yet to be disclosed. Imperial said first-half adjusted earnings per share in constant currency were expected to drop by 10%, as it writes-down inventories following the U.S. government ban on selling certain flavours for pod-based e-cigarettes, which goes into force on Thursday.

  • FTSE 100 falters on Imperial Brands profit warning, coronavirus fear
    Reuters

    FTSE 100 falters on Imperial Brands profit warning, coronavirus fear

    The FTSE 100 <.FTSE> lost 0.2% by 0825 GMT, after gaining more than 2% over the last two sessions when China announced stimulus measures to safeguard against any hit from the virus outbreak, which has killed nearly 500 people. Imperial Brands <IMB.L> fell 5.2% and was set for its worst day in four months, after it forecast lower profit because of a U.S. regulatory ban on some flavours of cartridge-based vapour devices. "A second influx of Chinese central bank liquidity is keeping the wheels turning in financial markets, but cannot stop the real-life effect of a spreading coronavirus," London Capital Group analyst Jasper Lawler said.

  • Imperial Brands' growth goes up in smoke after U.S. vaping crackdown
    Reuters

    Imperial Brands' growth goes up in smoke after U.S. vaping crackdown

    Rival British American Tobacco's shares were also down 1.2%. The warning from Imperial, which makes Winston and Kool cigarettes, reflects a tough environment for tobacco companies. With sales of traditional cigarettes in decline, players including Imperial Brands, have invested billions of dollars in alternatives that it calls "next generation" products (NGP) such as e-cigarettes and heat-not-burn products.

  • Big Tobacco’s Future Is Now
    Bloomberg

    Big Tobacco’s Future Is Now

    (Bloomberg Opinion) -- Cars and cigarettes have at least one thing in common these days: They are both being disrupted by more modern alternatives. So Stefan Bomhard, the chief executive officer of car dealer Inchcape Plc, should have some idea of what he’ll face when he takes the reins at U.K. cigarette maker Imperial Brands Plc.It isn’t easy to find executives willing to move to the much-aligned tobacco industry. But Bomhard looks a good  CEO choice for Imperial, which sells Lambert & Butler cigarettes and Blu vapes. The company had decided to part ways with Alison Cooper in October, a week after a profit warning. She will now step down as with immediate effect.Bomhard did a solid job at Inchcape. While the shares are down about 18% since he became CEO in April 2015, underperforming the FTSE All-Share Index, conditions in car dealing haven’t been easy since Britain voted to leave the European Union and consumer confidence crumbled. It’s still a much better performance than the FTSE All-Share General Retailers Index.The downside is that Bomhard doesn’t have any tobacco experience. But this is less of an issue than it would be in, say, general retailing. Imperial will have plenty of executives with many years’ worth of knowledge of the traditional cigarette business, still the biggest and most profitable part of the group. And he should be able to pull on his prior experience with big global brands in the race to grab market share for Imperial’s new products, whatever they may be.The new chief executive spent his career in consumer goods before joining Inchcape, with roles at spirits company Bicardi, chocolate and candy maker Cadbury, and consumer-goods giant Unilever. That should put him in good stead as Imperial attempts to pivot to alternatives to traditional cigarettes, which could in turn, pave the way for it to diversify into dispensing other adult, highly regulated products, such as cannabis.When Bomhard takes up the role at a yet to be determined date, his first task will be to get to grips with the crisis in the U.S. vaping industry. The company is evaluating the impact of the recent Food and Drug Administration ban on flavors aside from menthol and tobacco for pod-based electronic cigarettes, the type it makes.Then Bomhard will have to work quickly to decide where best to focus Imperial’s attention, and investment. Although the group has strong positions in vaping and oral nicotine, it only entered the heat-not-burn market relatively recently. He must decide whether to expand in this category, which has not been drawn into the crisis in the U.S. vaping industry.He could also look at reshaping other aspects of Imperial’s business, including traditional cigarettes. The company is already seeking to raise up to 2 billion pounds ($2.6 billion) through disposals, including a sale of its premium cigar business. But he could go further, say selling off parts of the portfolio in Asia and Africa, and returning the proceeds to shareholders, or investing more in tobacco alternatives.Either way, Bomhard must take decisive action. Shares in Imperial have fallen more than 20% over the past year, and they trade at a 40% discount to Bloomberg Intelligence’s global tobacco manufacturing valuation peer group. The company even lags Altria Group Inc., which is reeling from its disastrous investment in vaping company Juul Labs Inc.Imperial has long been seen as an acquisition target, with Japan Tobacco Inc. tipped as the most obvious contender. Another possibility would be for Japan Tobacco and British American Tobacco Plc to carve up Imperial’s empire between them along geographical lines. So if Bomhard doesn’t light up the Imperial share price, a bigger rival just might.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 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/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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