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csdi. i have seen your posts on a several stocks and come to the conclusion that you are destined to end up in poverty .
totally clueless .
good luck you will need it.
Hi Folks
I have trimmed my 19% holding down to around 12.5% today as sold 2 batches at 1372p.
And used the proceeds to by BATS as believe both shares materially undervalued.
It splits the risk from a company persepective, but of course does not diversify from sector issues.
One batch cost 2125p in August 2019, so taken a 22% loss on that batch, helped by £3.37 divis per share.
And sold a batch that cost 1486 in Jun 2020, so taken a loss juts over 1% on that one, with divis helping of £1.17 per share.
Leaves me with 3 IMB batches, costs of £29, £14.83 and £14.11 respectively. Need SP 1687 to break even on those atm accounting for divis received/receivable.
so time to sit on hands for the long haul ahead with IMB now and hoping that both shares start a decent recovery.
Cheers & GLA - CSDI
CSDI
How unreasonable are you??
The new boss only gets the following.
1) Basic salary £1.27m
2) Pension Allowance 14% of annual salary
3) Annual Bonus Plan - up to 200% of salary
4) Long Term Bonus Plan 315% of salary reduced from 350% after shareholder revolt
5) Plus other benefits and as many fags as he can puff
Would you get out of bed in the morning for this measly sum?
Let's see if he gets the share price moving north.
Not bad is it - 50K nil cost shares as "reward" for appointment.
Where's our reward for investing in this company ? - Down over 50% since my first purchase in Jan 2018 - ouch.
Correction:
RSI for IMB has moved north from 27 (oversold) to currently 34.
Yesterday's little market rally has turned the RSI for IMB north from 27 (overbought) to currently 34.
The SP has also, briefly, touched the Fibo 61.8 line this morning.
The TA long term charts suggest the SP should begin moving up as it enters the next earnings / ex-divi share trading cycle.
In reality, it a UK FTSE share, it could well do the complete opposite !
I'm back in BATS this morning for a trade, still considering IMB.
Interest sparked by recent messages.
Have looked at IMB and BATS historical prices, and whilst not scientific or 100% accurate it appears premium price is achieved somewhere between 3-10 days pre ex dividend.
It's something I intend to monitor for the future.
Good one John. Always worth keeping an eye on these unexciting shares. After all. a profit is a profit, irrespective as to whether it's from IMB or ODX!
Got in at 1335 this morning on an order , trying to average down from 1580 so getting there , missed the exdiv date but sp would have cost me more so still happy with that. Gla
Well I mentioned 1350 as a good time to get back in. Now being quoted 13.38, so why not? After all, this is a tad less volatile than crypto and Covid stock! (In at 1342...GLA)
Can’t wait for travel to start again, all those duty free shoppers!
Following up my previous post:
Unfortunately due to the market stumble yesterday (Fri),
and the stop loss dominoes that subsequently unfolded,
the Fibo 61.8 support (SP 1379) broke downwards.
This also happened to several other FTSE unloved shares that were hanging on a line.
The next support level down indicated for IMB is Fibo 78.6 at around SP 1301.
The above is based on a Fibo retracement TA of the previous SP rise from 30th Oct - 22nd Jan.
What plays out next week is anyone's guess atm.
Interesting you mention HHI.
I had a very small holding there but sold at beginiing of Feb to consolidate with ASEI, as both funds/trusts pay around 6.5% p.a divi. I am still waiting to be paid for a div that was due 29th January, as Stocktrade transferred ownership to Embark.
It's ridiculous that I have still not been paid but have negotiated compensation of double the divi in form of "free commission" trades.
Having already held IMB for over 3 yrs, I am sure another year or two won't harm.
And I've got the GSK dog too which is about 17% of my p/f - ouch again.
I am not called CSDI for nothing LOL
Cheers
One of my funds is a holder if IMB while generating extra income from the loan of shares .....
... all depends upon the horizon of holding .....
The UK market remains unloved .... we all know why.
But millions of people will still continue to puff away. The graph doesn’t make good viewing but it does seem a decent buy at these levels. Question is could it revisit the late October lows of £12.20. Common consensus is that the new management seem to be an improvement on what came before.
Nearly all these large cap income stocks being hit at the moment no matter what in this casino market not just tobacco, GSK couldn't be more ethical yet at multi year lows, hopefully these are great buying opportunities whilst this manipulation goes on, proved to be so with BP when beaten down week after week below £2 last autumn.
Some indicators to give us confidence imo. are recent large director buys of both tobacco co's and GSK. Also IMB is the third largest holding of Fidelity Special Values trust and BAT the largest holding of Henderson High Income trust with GSK third we are in good company.
Hi Manfor.
This is my highest % holding with 19-20% of my SIPP invested here.
It is very concerning that the SP is in a 4 year downtrend.
I first bought a 6% "safe dividend" in Jan 2018 at £29.
Then bought a 10% ditto at £21 in early 2019.
We have had a 33% cut in divi, from 206p to 137p last year.
Now we have the SP down at £13.33 (in my account) but showing as 1353p on LSE here.
Alarm bells are ringing.
To quote an old maestro - Peter Lynch - "just because share price has fallen to a new low, does not mean it cannot go lower".
This is a dog of a share atm in a terrible spiralling trend.
When will it end ...... is the $64m question.
It is in an unfriendly/unwanted sector, long term declining, has the ESG band against it.
But earns over £1.50 EPS p.a, which is too close to the divi payout at 137p.
I am hoping the risk/reward is in our favour, but have no idea where the SP is going.
I managed to lower my average cost a little by trading the divi last week, selling part of my holding at 1505p and buying back at 1415p ish with an extra 50% more shares in the batch.
My plan was to sell some at 1650 but that looks like a tougher target now than I predicted.
A 10% divi is in the category of "too good to be true" so my big hope is that the SP rises sufficiently to take the divi down towards 5 or 6%, but that requires a near doubling of the SP which I do not see on the cards.
Fingers crossed & GLA
Cheers - CSDI
If the institutions don’t want tobacco stocks in their ESG portfolios then so much the better as it means private shareholders can get a dividend of over 10%.
Yes, reason for the high dividend is that, in spite of it being well covered and IMB fcf v ev being very favorable, most funds convince themselves that tobacco is worse than alcohol or sugar, etc,..
Sunsetsupper. I appreciate your response. I have been investing in high risk stocks with zero dividend for the last 11 years. Fully understand your comments and considered several factors before investing which were also a concern. ESG investing is top of many lists as the moment and neither IMB or BATS fit that criteria. But they do offer or at least should offer a consistent dividend. At some point the SP has to stop the decline or their earnings will equal the market value of the company. That would just be stupid.
Go on enlighten us why there is a high divi, high divi cover and low PE ? I am genuinely puzzled why the SP drops but there is very little chance of a divi cut.
Sunset
I know this share tests your patience and I first got in just short of £30.
I'm no expert but by averaging down and collecting dividend kept me above water.
I've only just returned and know your comments are spot on if you stay passive.
I had a top up today having bought my 1st tranche a while ago
SP is at a retracement from the peak at 1650p
I have a buy range of 1292 - 1317p - with the Fib retracement of 76.4% at 1309p - we are somewhere close to the bottom now in my opinion
I agree with the comments - With this Divi - we cant lose :)
CDSI
Always relieved when it gets to 4.30
Think we both need to review our buying policy - I've also had a stinker of a month.
My only minor success this month has been timing in and out of BP.
Good luck for March, and tuck away the tobacco shares, sit back and collect the tasty divis.
I know they may well go lower but divis too good to resist