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Those "technical analysts" only appear after the "event". If I knew beforehand I would had sold the house, car, dog , wife to buy imb. Fortunately, I didn't 😀
"Baz was bang on the money😁"
''So it might go up,down or stay where it is.''.There you go,Baz was bang on the money😁
So it might go up,down or stay where it is.
Sorry, target date for upper line resistance was 26/5/24, not 26/6/24, so 11 days early.
Sp, close today, equates with large parallel resistance in drawn from 28/7/23 peak through 26/1/24 peak, with the proviso, the target date was 26/6/24.
Drawing a line through 5/3/24 trough through second subsequent peak, suggests a target sp, of 2000, however, there is significant overhead supply from previous trading volume at 2000, which may slow upward progress. IMB, could retrace to at some point to former resistance, which now is support. DYOR.
The rise today had nothing to do with the charts - it was due to this.
https://www.investorschronicle.co.uk/news/2024/05/15/imperial-brands-boosted-by-net-organic-revenue-growth/
Next four ex dividend payments and previous year's dividend paid in brackets:-
22 August 2024 (22p)
21 November 2024 (50.1p)
20 February 2024 (50.1p)
22 May 2025 (22.2p)
As well as this dividend what others are they paying this year cheers
New to all this
Quarterly (ended 31/3/24) R1 resistance at 28123, on sector tobacco , broken above today. Next tobacco sector target is the R2 resistance above 29000(see sector for exact figure). IMB, has broken above its 29/1/24, high, which is bullish . IMB, is the leading tobacco sector riser today.
Hope you didn't sell this morning, risen enough to cancel out 2x ex divi drops already
May 23rd---- so a week to go.
Mines about £240 with the potential 22p divi, fortunately the SP has been in an upward trend of late so will probably recover the divi within a couple of days anyway if that trend continues along with the buy-backs and then your buying back higher. I won't be risking it for the sake of a dozen+ shares
It's on dividend max as the 23rd.
Anyone thought about selling and rebuying once it falls ex div?
£200 dividend and maybe a £400 drop for me?
Has the ex divi date been decided yet? or is it told tomorrow.It's usually about the 25th.
Can't we expect £19+ before ex dividend date ?
We are getting a good run up to the results tomorrow, heres hoping.
Suugest we think internationally. I travel extensively and. at oresent. am 3 months in North. Africa. I am amazed at the number if people smoking. I have an apartment. abive a "tabac" and there is a. constaant. stream of buyers.
I have 3 good friends. here- I am currently in Morocco- one Moroccan, one French. one. German - they all smoke. (not. me)
Most if the moroccan smokers. are. young men - and will probably be hooked. for life.
Then think of. China - 40% are. smokers.
It will be a long long. tie before. smoking is eliminated and as. consumption falls, prices will increase -and so will your. dividends.
The manufacturing cost of a packet of cigarettes is a very small percentage of the retail price.
If the manufacturer puts the price up by say 10p that has a big impact on the profit margin.
Add on the 16.5% tax and VAT at 20% and it’s still only an increase of say 14p per packet.
I don’t think it will be a big problem with consumers.
UK is 8% of group net revenue (per the 2023 annual report, page 85).
BaldChap why on earth would you put the figure at 5% in the UK? You make it sound like Imperial isn't one of the major tobacco players in the UK. That figure is very low, I would be shocked if it weren't at least 30%.
Hi Clued, "In the UK population in 2022, 12.9% of people aged 18 years and over, or around 6.4 million people, smoked cigarettes; this is the lowest proportion of current smokers since records began in 2011 based on our estimates from the Annual Population Survey (APS)." - https://www.ons.gov.uk/peoplepopulationandcommunity/healthandsocialcare/healthandlifeexpectancies/bulletins/adultsmokinghabitsingreatbritain/2022#:~:text=1.-,Main%20points,Annual%20Population%20Survey%20(APS).
"The plans have hit the share price of companies like L&B cigarette maker Imperial Brands (IMB.L), which has highlighted the UK as one of its key markets. - https://www.reuters.com/world/uk/british-lawmakers-vote-smoking-ban-younger-generations-2024-04-16/
Clued even Imperial acknowledges that the UK is one of its key markets, why would you think that this wouldn't have a huge impact on the company? Have you ever known a company to be happy to be losing out on millions of customers?
Sollyi, "It is likely going to hit them very hard from what I gather "
Where did you 'gather' your objective information please ?
heres my take . *** of the packet stuff,if you ignore the pun.
uk currently has around sixk million cigerette smokers. around ten percent of population
about forteen million people are under the age of eighteen. so if you say ten percent of these could end up smokers. then you have one point four million. imperial together with another major controls about eighty per cent of the market. so loosly we could say that going forward they will loose about five hundred thousand of new smokers . there is of course the element of older smokers dying which is around thirty thousand per year if we work on the forty percent of market assumption. so all in inmv they should easily be able to absorb this. we then have future generation products that should also fill a gap. inmo
I would be surprised if the UK was much more than 5% of sales?
The price may wobble, which may be an opportunity for some.
It is only a problem if the EU follow suit.