Member Info for dsc1978

Fool recommending this one.

The manufacturer of Davidoff among other labels, FTSE 100 share Imperial Brands (LSE: IMB) is one of those making inroads into the burgeoning NGP market. It recently invested £75m in Canada’s Auxly Cannabis Group, which will allow for development of new products. This follows its investment in Oxford Cannabinoid Technologies last year. And its returns from NGPs are showing. Even though they are a minuscule part of overall revenue, it expects to deliver 245% growth in the segment in FY19 (year ending September 30).

In the meantime, IMB’s performance from traditional tobacco products stays strong. As per the half-year update, it showed both revenue and profit growth. It’s also quite confident of future performance, stating that revenues will be “at, or above, the upper end of our 1%-4% revenue growth range” for the full year. I think it’s worth flagging though, that the company recently announced the dividend policy will be flexible in the future after having committed to 10% growth annually for the past few years. As long as it’s beneficial to the company’s financial health though, this need not be a source of disappointment for shareholders.

Source: Fool. 4th August.

My personal target is 4000p. :D

Jack Bowles, Chief Exec:
“We continue to deliver on our financial objectives with adjusted revenue and adjusted profit from operations in line with our guidance, driven by a continued strong financial performance in combustibles.
Our New Categories portfolio continued to deliver encouraging growth. While there is much more to be done, with new product launches planned for the second half of the year and the impact of a full year of additional investment, we expect revenue growth to accelerate in the second half of the year. In 2019, we are on track to be around the middle of our guidance range of 30-50% New Categories revenue growth per annum, excluding the impact of translational foreign exchange.
As we create a stronger, faster, more agile organisation and deliver enhanced value growth from our combustibles business, our adjusted operating margin grew 110 basis points (bps), alongside the significant increase in investment in New Categories. We continue to generate cash and we maintain our guidance of deleveraging by 0.4 times, excluding the effect of currency movements on our reported results.
We are on track to deliver another good financial performance in 2019, including high single figure adjusted earnings growth, at constant rates of exchange.

Quite a hefty drop, despite the good news.

No deal Brexit seems to be now a strong possibility.

So good news on the 31st July? Looking into buying the stock. Doing research right now into their balance sheet.

A group of cross-party MPs who've been on a fact-finding trip to Canada predict the UK will fully legalise cannabis use within five to ten years.
Canada became the first G7 country to allow recreational use of the drug in 2018.
Of the three politicians in the group one had a significant shift in his position.
Labour's David Lammy now backs legalisation, against his party's official stance.
Mr Lammy, alongside Conservative Jonathan Djanogly and Liberal Democrat Sir Norman Lamb were all filmed on their journey for a Radio 1 Newsbeat documentary called Legalising Cannabis: Canada's Story.

https://www.bbc.co.uk/news/newsbeat-49073222

This is the next big boom in the tobacco industry.

I'm not a shareholder, but happy for the all holders who will gain a fair bit from this good news. :)

Imperial Brands PLC (Imperial) is pleased to announce a research and development partnership with Auxly Cannabis Group Inc. (Auxly), a listed Canadian cannabis company. As part of the transaction Imperial will invest CAD123 million (£75 million) by way of a convertible debenture and grant Auxly global licences to its vaping technology and access to its innovation business Nerudia.

https://www.imperialbrandsplc.com/Media2/Key-announcements/2019/imperial-brands-plc-diversifies-next-generation-product-portfoli.html

Results day is 1st August. :)

Good news today. And up she goes. :)

I'm glad I bought in earlier in the year. Considering upping my stake before it takes off into the stratosphere.

AGM 25th July. Hint of good news? Anyone?

This has been one of my star buys.

Could this be the dip I'm waiting for to buy more shares? :D

Sticking with them. Sensible dividend news.

I think BDEV has a lot of potential. I can see more value in the SP as they continue the good work. Balance sheet is healthy and pays a good dividend. I'm sticking with them for the long term, even through a messy Brexit.

Bought into BATS, quite a chunk too. It's now my heavyweight.

Any idea why ESP is so cheap? Seems like good value, massive potential ahead. Expecting good news in August when interim results are announced.

Both BAT and IMB are shooting up the charts.

Does anyone hold both stocks?