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Imperial Brands Half Yearly Report

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monabri
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Re: Imperial Brands Half Yearly Report

#229292

Postby monabri » June 13th, 2019, 5:03 pm

I subscribe to the DT so I can read the article. The article also contains a review from Allianz Global Investors:

" Allianz Global Investors, said the tobacco sector has undergone a “savage derating over the past three years”, but that brands like British American Tobacco (BAT) and Imperial were still worth buying for at least the next decade.

“The pricing power these firms have allows them to continue to generate profits and there is no sign that is about to radically change – so we think they are still a good bet for income investors, although there are obviously regulatory and other risks.

“However, we think these will play out over a very long time frame,” he said. He added that both businesses generated a lot of cash and were in a good position to continue to payout high-yielding dividends to their investors"

monabri
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Re: Imperial Brands Half Yearly Report

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Postby monabri » June 13th, 2019, 5:07 pm

Later, a comment from Eden Tree ( ethical investments).

"While tobacco stocks might look cheap to some at the moment, thanks to Brexit, there is a whole host of ‘cheap’ shares currently on the market that do not carry the same risks inherent in tobacco,” he said.

" fellow FTSE 100 firms, especially in the healthcare sector, such as GlaxoSmithKline (GSK), offered similar payouts with less risk and greater potential for dividend growth.

GSK...far less risk to the divi...similar payout? Really?

( doesn't mention other Healthcare heavyweight AZN)

monabri
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Re: Imperial Brands Half Yearly Report

#229296

Postby monabri » June 13th, 2019, 5:27 pm

Is £6 billion a major fund? ( well it's not a small sum.....it'd look nice in my account) but when you compare it with the pension assets of,say, Lloyds Bank (£45billion), Unilever (£22bn), NG (£21bn), Royal Dutch Shell (£69bn).....etc.

Is it as simple as comparing pension assets of individual companies with those of NEST?

All data from JLT benefits report...download link here (a good read..worth downloading imho ;) )


https://www.jltemployeebenefits.com/pen ... isclosures

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Re: Imperial Brands Half Yearly Report

#229316

Postby pixtel » June 13th, 2019, 6:40 pm

11 June update - CFO is asked directly about dividends further down the transcript, link below to imb website

https://www.imperialbrandsplc.com/conte ... dasset.pdf


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