Anyone topping up Imperial Brands?

[idpickering]

Buy tomorrow - It'll be cheaper!

Closed today at £28.64 - about the same price at Jan 2015.

Ouch! I've already topped up, but wouldn't worry about this further fall. Probably not a CLLN situation (famous last words!).

Arb

I'm so tempted to add to my Imperial share holdings, but I'm already at my 'monies bet on a stock' limit. However, the current yield on offer, and the 10% increases in dividend that they like to throw out, are causing me to consider succumbing to that temptation.

Ian.

[Arborbridge]

I'm so tempted to add to my Imperial share holdings, but I'm already at my 'monies bet on a stock' limit. However, the current yield on offer, and the 10% increases in dividend that they like to throw out, are causing me to consider succumbing to that temptation.

Ian.

Like me, you're allowance for IMB is used up! With the share price sinking, although I'd be tempted to go a little further, this wouldn't be by a life changing amount as it's already at 1.25x median for weight, and over 4% for income.
In that case, I'm not fretting - but what I might do is add some more when I'm convinced the share price is in an upward, rather than downward, trend. I can afford to wait, and if I get a slightly lower yield, or miss it completely it's no great shakes - except to my sense of achievement in getting the best possible yield.
I might think differenly if I was "building" rapidly, or had no IMB already.

For the record, I topped up not too long ago at a yield of 5.3% when this was already "as good as it gets" for IMB. Going lower suddenly and now yielding 5.7% is surprising, and maybe just a little worrying. It's now half a percent over the best yield of the past eight years - since I started my yield curve.

[idpickering]

I'm so tempted to add to my Imperial share holdings, but I'm already at my 'monies bet on a stock' limit. However, the current yield on offer, and the 10% increases in dividend that they like to throw out, are causing me to consider succumbing to that temptation.

Ian.

Like me, you're allowance for IMB is used up! With the share price sinking, although I'd be tempted to go a little further, this wouldn't be by a life changing amount as it's already at 1.25x median for weight, and over 4% for income.
In that case, I'm not fretting - but what I might do is add some more when I'm convinced the share price is in an upward, rather than downward, trend. I can afford to wait, and if I get a slightly lower yield, or miss it completely it's no great shakes - except to my sense of achievement in getting the best possible yield.
I might think differenly if I was "building" rapidly, or had no IMB already.

For the record, I topped up not too long ago at a yield of 5.3% when this was already "as good as it gets" for IMB. Going lower suddenly and now yielding 5.7% is surprising, and maybe just a little worrying. It's now half a percent over the best yield of the past eight years - since I started my yield curve.

To be fair, and in the interests of openness and honesty with this board, all new monies invested on my HYP, held in an ISA, are just the dividends received since the previous month's top up. Therefore, any top ups will not be anything major anyway. More of a nudge up . For me though, I'm really trying to concentrate on the stalwarts of my HYP, that I'm more comfortable with, and Imperial fits the bill IMHO. I'm not going to try and be clever at laser-like targeting of getting the 'best' yield, and am happy in the knowledge that they're on offer cheaper now than in the past. I may top up next month. We'll see.

Ian.

[Arborbridge]

I'm not going to try and be clever at laser-like targeting of getting the 'best' yield, and am happy in the knowledge that they're on offer cheaper now than in the past. I may top up next month. We'll see.

Ian.

Well, you don't have to be clever, but you can rest happy in the thought that the yield at present is the best it's been for years. I'd go for it, unless you're capital weight is really stretched - which it probably isn't, knowing your methods.

[idpickering]

I'm not going to try and be clever at laser-like targeting of getting the 'best' yield, and am happy in the knowledge that they're on offer cheaper now than in the past. I may top up next month. We'll see.

Ian.

Well, you don't have to be clever, but you can rest happy in the thought that the yield at present is the best it's been for years. I'd go for it, unless you're capital weight is really stretched - which it probably isn't, knowing your methods.

Thanks for that Arb, and no it's not. IMB are currently weighing in at 4% in capital value terms, of my 29 share HYP, so a bit over the 3.4% average. A top up, for a long term hold of IMB, is very likely.

Ian.

[idpickering]

By the way, I topped these up not long ago, on 12 Sep 17 at 3325p. I thought I was getting a bargain even then! And now it's 2880p. Who knew, not me obviously? lol.

Ian.

[OLTB]

In spite of me topping up last year, IMB has now come into the range for a further top up. This is worrying as that is what happened with Carillion. I’m not for one moment comparing the two, it’s just a niggle. HSBC is also a possible candidate so I’ll probably go for that. Or BAE Systems - the lower yield is comforting. Oh dear, I’m pickering...

Cheers, OLTB.

[monabri]

Wind the clock back more or less 1 year.

HSBA yield 6%...today 4.7%

IMB yield 4.4%...today 6% ( almost)

I'd be tempted to go for IMB....anyone see IMB reducing/cancelling the Divi?

monabri

[MDW1954]

I'd be tempted to go for IMB....anyone see IMB reducing/cancelling the Divi?

monabri

I bought a full-sized holding earlier this week.

MDW1954

[idpickering]

Wind the clock back more or less 1 year.

HSBA yield 6%...today 4.7%

IMB yield 4.4%...today 6% ( almost)

I'd be tempted to go for IMB....anyone see IMB reducing/cancelling the Divi?

monabri

Such is the benefit of diversification . I hold both of these, and in answer to your question monabri, IMHO I can't see IMB doing anything other with their dividend than paying it. The cover's a reasonableish 1.4, ex div on 22 Feb 18 (div 59.51p,) paid 29 Mar 18.

Ian.

[MaraMan]

I held both until recently, but sold out of IMB. I know it is a good cash generator but I share Terry Smith's concern about them, I feel that they will suffer a slow death like they have helped many of their customers too. Would prefer my money was placed elsewhere.
MM

[Arborbridge]

In spite of me topping up last year, IMB has now come into the range for a further top up. This is worrying as that is what happened with Carillion. I’m not for one moment comparing the two, it’s just a niggle. HSBC is also a possible candidate so I’ll probably go for that. Or BAE Systems - the lower yield is comforting. Oh dear, I’m pickering...

Cheers, OLTB.

"In spite of"? - that sort of up and down over a year or more happens frequently - as our long sighted TJH keeps reminding us.

[tjh290633]

"In spite of"? - that sort of up and down over a year or more happens frequently - as our long sighted TJH keeps reminding us.

Too true it does. As far as IMB is concerned, I have trimmed back or sold rights 7 times and topped up 3 times this century.

BT.A has been topped up 3 times in the last calendar year.

It's not unusual. Think of Tom Jones and sing to yourself.

TJH

[OLTB]

Ok - I keep looking at capital I’ve committed but must realise, ‘it’s the income stupid’ and take advantage of the low price.

Thank you for the gentle verbal bucket of water in my face.

Cheers, OLTB.

[OLTB]

Just topped up - bought at £29.12. Holding still within average-ish limits of HYP as a whole.

Looking back at the historical share prices that I've bought at:

£41.18 in Aug 16
£36.92 in May 17
£34.53 in July 17
£32.23 in Sep 17

Quite a trend!

Cheers, OLTB.

[Dod101]

Were it not a tobacco share we would be wondering what is going on. Maybe we should anyway.

Dod

[Arborbridge]

Just topped up - bought at £29.12. Holding still within average-ish limits of HYP as a whole.

Looking back at the historical share prices that I've bought at:

£41.18 in Aug 16
£36.92 in May 17
£34.53 in July 17
£32.23 in Sep 17

Quite a trend!

Cheers, OLTB.

But not in a good way

[OLTB]

But not in a good way

Quite - especially when I look at the monetary value of each contribution..

Where's Japan Tobacco when you need them

Cheers, OLTB.

[Arborbridge]

Where's Japan Tobacco when you need them

Cheers, OLTB.

Well, actually, I regard that as a very good point. If the withdrawal of the threat of being taken over is what has knocked the froth of the price, hopefully we need not worry about the downward trend.

[TUK020]

BAT & Diageo also sliding a bit today.
Wonder if people really are sticking to new year's resolutions...........