The Lemon Fool

Imperial Brands PLC (the "Company") announced on 8 July 2019 its intention to commence a share buy-back programme (the "Programme") of up to £200 million. The Company also announces that it has instructed its broker, Barclays Bank PLC, acting through its investment bank ("Barclays") to purchase its shares (acting as principal) for immediate on-sale to the Company up to the value of £200 million in aggregate, commencing from 10 July 2019.

·    2019 dividend unchanged at 10% growth

·    Revised progressive dividend growth policy thereafter

·    Continued investment in growth opportunities

·    Divestment programme on track

·    Further deleverage to support a strong and efficient balance sheet

·    Return surplus cash, including via share buybacks; up to £200m share buyback announced

Dod101 wrote:I agree the timing seems a bit odd but £200 million is small change for them and I guess they want to take advantage of the current price. They are selling their cigars business for £2 billion or so in the next 12 months I think they said. I am not going to second guess them.

Dod

monabri wrote:"British tobacco company Imperial Brands is getting into the cannabis business with a $123 million investment in Auxly Cannabis, the Canadian company "

https://business.financialpost.com/cann ... y-cannabis

Imperial Brands PLC today announces that, in light of a challenging NGP market in the USA and changes to our results expectations in the Africa, Asia and Australasia (AAA) division, Group net revenue for the year to 30 September 2019 is now expected to grow at around 2%, with EPS expected to be broadly flat at constant currencies.

Whilst this is disappointing for the current year, we believe that NGP provides a significant opportunity to deliver additive growth to complement our Tobacco business. We continue to refine our investment behind building a strong and profitable NGP business in a rapidly evolving market.

Dod101 wrote:I can't see that being very positive for the share price nor the dividend. In fact it might well affect the BAT price as well given that it is exposed in a big way to the US market.

Maybe also help accelerate a change of management.

BTW why no chat on HYP Practical? If it is a mainstay for your HYP it is also a mainstay for HYP Practical.

Dod

idpickering wrote:

Dod101 wrote:I can't see that being very positive for the share price nor the dividend. In fact it might well affect the BAT price as well given that it is exposed in a big way to the US market.

Maybe also help accelerate a change of management.

BTW why no chat on HYP Practical? If it is a mainstay for your HYP it is also a mainstay for HYP Practical.

Dod

Morning Dod. I do see where you’re coming from re where to chat about this. My understanding was that finals, interims and dividend matters were ok to report over there, and all else, here? Going forward I’m not sure I shall bother asking posters to post on whichever board. Maybe a mod can clarify this matter?

As for this item, I don’t think they’re all that promising tbh.

Ian.

Dod101 wrote:
Morning Ian. I do not feel strongly about where we chat and as I have said before the two threads are confusing but I would certainly argue that results/trading reports are very much in HYP Practical territory.

The best hope for Imps' shareholders seems to me to be some white knight making an offer to buy the company.

Dod

Dod101 wrote:Imperial Brands must be cheap by international standards, its management has not exactly covered itself in glory in recent years, and it will have brands within its portfolio that some would like. I doubt that BAT could afford it as it has more than enough debt as it is but some international company like Japan Tobacco , or maybe even Altria might be interested.

Dod