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who said smoking was bad for you?! :)
As it's my largest holding, it's nice to see IMB in the 2000's
for me it depends on the magnitude of the buy back and is this a long term thing. £1 Billion is 5.3% of the current market cap. Keep buying back at that rate for 5 years and it will have a significant impact on my investment.
What does frustrate my is the ability of the broker to buy low in the market and take advantage of the dips in the share price over the buy back period. The lower the market price the more shares they can buy and therefore the better it will be for me in the long term. Time to start trashing the share price and getting it down below £15 per share again.
Not a fan of buybacks, invariably they only falsely flatter waning performance or trigger mgmt performance related pay/share issues.
If you are throwing off cash, throw it to all your shareholders, by increased/one off divvys .
I do like the assertion of growing divvys though..
£1bn is around 5.3% of market cap leaving 7.7% of the 13% of the market cap to give back in dividends. That would equate to £1.50 per annum dividends or £1.58 of a when factoring in the buy backs of £1bn. Thats a nice increase in dividend if that's what we get.
£1.50 dividend would be broken down as two lots of 52.29p and two lots of 22.71p
Although not ESG its a great stock to own for regular payments.
dividendmax.com have predicted 50p
dec 2020 was 48p. dec 2021 was 48.48p. no announcement yet on dec 2022 but it will be similar i expect.
I think the next two dividends were already announced at 48p a share
Don't expect dividend to be any tastier than it already is! Buy backs are 5.5%... they have said total return 13%. Even Diane AbbaTheHutt may be able to work that out. Perhaps.
The next dividend will be announced with the interim results on November 15th.
When do Imperial usually announce their December dividends. Based on todays RNS I think it could be a bit tasty !!
This share is constantly rising, with little fall back worth while. this is more particularly now than ever since we head into the two larger divi periods. imho
Very positive. Expecting to see £20 fairly soon
Lostinfrance, that is not a reliable trend. In fact I haven't observed that in the last year or so. Have a look at SP on the last XD date as a case in point.
The share seems to rise just before the xd but then it slowly drops over untill the next XD is approaching. I find it easier to sell and buy back. I make a bit more money.
Thanks Throne, yes I am aware but there are a few months to go until XD in Nov & I have a feeling that the market as a whole will suffer a bit of a correction by the time we get there. Hence me selling out of all my individual shares these last few weeks. I'm still in my funds & still have 30K still to put into mine & Mrs G's ISA's this financial year.
I am currently sitting on a pile of cash which isn't ideal but you have to go with your gut instinct in this malarky.
Good luck all.
Bear in mind that the next two dividends are typically over double the amount of the last two. Could drive share price higher in the short term.
Well I sold my little holding of 362 shares at an average of £19.11 a week or so ago (should have held for £19.30) & I now need these to get to £18.77 in order to break even to buy 362 back when stamp duty, cost to buy & missed divi are taken into account.
I'm happy to hold the cash doing nothing until the next XD period in November & I know its probably a waste of time & effort but like I said before it's only a little experiment & there's a nice profit banked if this flies in the next few months.
Actually can you think of a better (i.e. safer) place for your money at the moment? Given low valuations, the tobacco sector (and other defensive sectors) will do well over the next year or so while volatility persists and most of the world goes into a recession.
Point taken guys but I think these are at the top or very nearly & I see a bit of a crash coming so today could be a good time to sell in any case.
Yep, a completely pointless exercise.
Gary,you must be bored.£46 in costs to buy them back +21.27p divi to overcome before making anything. The next 2 divi's are 48p+. Hang in there laddie.
So we go XD tomorrow & my next dividend will be £77.00 for my 362 IMB shares.
I'm thinking of selling all on the 17th & buying back in after the XD has passed.
So IMB SP please rise sharply tomorrow just before I sell & drop thereafter (temporarily) just before I buy back.
Just a little experiment to see if I lose or gain, it's wet here & there's nothing else to do!!
Monty888, you're too hard on yourself. Smoking will exist whether or not you own the shares !! I also hate smoking and have a conscience, but own BA., BATS, BP., SHEL. HBR, and IMB and all 'sin' stocks !! Enjoy the high divs and some growth !!
It’s was on Bloomberg and it was a draft US senator trying to get it into law. The lobbyist like big tobacco often get them watered down or blocked. It was perhaps enough to cause a little tree shake. This is one of my holdings where I’m pretty immoral frankly. I hate being near smokers and smoking, had a couple of older folks I liked die early from emphysema thru smoking. However I like the dividends and think IMB will likely rise steadily in its SP (Being very open and frank here).