Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Ridiculous comment, Divi hasn’t dropped, you can’t expect it to rise with the SP
My own thoughts are perhaps due to it's defensive nature in the current environment. A lot of unknowns out there at the moment... Should do well I would think during next year or two. That's why I added around 7 months ago (that and diversification)
SP now at its highest level since Sept 2019. I'm wondering what's driving this? At 6.6% yield, it's not the stellar divi payer it was last year. Any insights, anyone?
correlation between obesity rates and tobacco forbearance?
Times reports that Chris Witty said tabacco industry should be destroyed. I hope not!
Solid if not spectacular results this morning. Tiny uplift in the dividend which won't do much for those looking to protect their income from inflation. Better days ahead though hopefully, with the share buy-back and debt now under control. Next generation products still to demonstrate how they will replace the seam of income from tobacco sales here though.
I can't see it upomega. Ciggies are already taxed to the b*ll*cks and Jeremy C Hunt won't want to kill the golden goose. Even if they were hit with a windfall tax, they'd do the same as they do when duty changes and bang another 10/20p on a packet of 20.
Yes, it was bought up to recent highs as a defence against inflation. It is an algorithmic market that creates buys and sells; no individual rationality. The 'market' is now looking at economies in which inflation will ameliorate, so high yield stocks like IMB are out of favour. I've observed and thought about these relationships for years. Correct me if I'm wrong.
This is one of the few shares which folks hold which is well blue (until today I was over 60% up here) - and I sold some to buy GSK in my case (which I had been eyeing for a while and is near a year low) - I doubt I was alone to do something similar. This could all backfire yet - I too am not yet convinced the the time to move from value to growth has arrived - consequently, I've hedged and sold 25% of my holding but keeping the rest for income (can't see the divi being reduced).
Maybe it is down to the budget in terms of extra tax.. I wouldnt put anything past this government in regards to windall tax
If you believe, as I do, that this move away from defensives is all too much, too soon, then buy the dip & take advantage of the improved yield. IMB is the same business this week as it was last week. K
BATS has dropped too, must have a common cause
This is a big fall and surprising considering how close we are to ex dividend on the 17th, normally goes other way .All my fault for topping up sorry guys. Dollar is a factor all my Dollar divi stocks like GSK etc have tumbled but as usual shares seem to tumble big time on not a lot of bad or related news and only trickle up on good news.We will prob get hit again on ex divi.Well at least the divi here is worth having .
Mainly this is seen as a defensive stock. Solid Cash flow and profits, but not a growth company (well slow predictable growth).
As interest rates go down then companies that need to borrow to grow and have potential to double or more in price become more likely to succeed, business models that aren't creating cashflow and need to pay down debt are risky, but lower rates help. Lower than expected CPI in US yesterday means people now think 0.5% rate hike in Dec is most likely from FED vs 0.75% before the CPI data.
We used to just say Risk-on vs Risk-off, we'd been in Risk-off mode for a few weeks, and suddenly flipped yesterday, Nasdaq a good barometer of that.
The FX rate does make a bit of a difference too, much of IMB revenues overseas/in $$ so in ££ terms the overseas income is less if the $$ falls vs the ££.
I suspect its a mixture of the strong pound (shot up yesterday) and with inflation easing in America peeps will move from defensive into growth stocks again.
It’s not ex divi is it? Thanks
Likewise rxdav, with an average of about 13.70 it’s easily my best performer - only wish I’d bought a lot more too!!
Bought here a while back as it dropped through £15 and kept buying down to £12. Was unnerving at first but the big dividends helped significantly whilst the SP was so depressed. It's now the best performing share in my entire portfolio - and by some considerable margin. I have a fair chunk here but wish I had gone in even stronger (hindsight is a wonderful thing). You can take ESG investing and put it where the sun doesn't shine - this has been a terrific earner for me - both excellent dividends and 60% growth in just over two years. I'm looking forward to the announcement of the next two (major) dividend payments later this month - and I reckon the SP has further to rise yet - £25 is my target price.
Topped up again she has legs this share , hopefully she wont crash now ive bought more, was reading the wok green brigade and fund mgrs have lost faith in wok green stocks and funds and are turning to sin stocks again to get some profit and dividends.Fingers crossed Hammond does not screw things up for share holders in budget.
Last year was ex-div on the 25th on Nov and payment on the 31st of Dec so I would expect something similar.
I have just topped up £10k on assumption of ex divi on 17th November.
Moneybox007, your link is also to the site I use, and shows nothing for the usual end of Dec payment.
The last (up beat) trading statement on 6th Oct only states "The annual results for the year ended 30 September 2022 will be announced on 15 November 2022." so they will most likely announce the next divi dates then. Hopefully.
https://dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=IMB
payment on 29th Dec
Info seems to be invisible, any one have a clue re next payout date's. Normally one at end December, although possibly waiting for a decent no. of share cancellation's??