AUS
NZ
UK
CA
USA
IND
Highlights
- Imperial Brands PLC (LSE:IMB) is an FTSE 100 index listed British multinational tobacco entity.
- The company said business performance in the first half of fiscal year 2023 was resilient.
- Net revenue for the next generation product was 19.8% higher in H1 FY23.
- IMB has announced to pay an interim dividend of 43.18 pence per share in two instalments of 21.59 pence per share each.
An FTSE 100 index listed British multinational tobacco entity, Imperial Brands PLC (LSE:IMB) is involved in building an extensive array of potentially less harmful products giving better moments of relaxation and pleasure. The company focuses its investment and resources around the broad markets of the United Kingdom, Germany, the United States of America, Australia, and Spain.
The company is steering forward following its strategic plan, and gradually transforming its business into one that can deliver growth year in, year out. The net revenue for the next generation product (NGP) increased by 19.8% during the half year ended 31 March 2023, this can be attributed to new product launches across categories. Also, tobacco adjusted operating margin rose by ~80 basis points.
IMB has announced to pay an interim dividend of 43.18 pence per share in two instalments of 21.59 pence per share each with the first payment to be paid on 30 June 2023 and second instalment scheduled for 29 September 2023. Overall, Imperial Brands is on track to achieve its set target of £150 million annual savings by the end fiscal year 2023.
Top 10 Shareholders
The top ten shareholders collectively form ~40.28% of the total shareholdings. Spring Mountain Investments Ltd. holds the maximum number of shares with ~6.09% shareholding, followed by BlackRock Institutional Trust Company with ~5.79% shareholding, as depicted in the chart below.
Stock Price Performance
The stock has witnessed a decline of ~10.43% in the last one month and over the last 6 months, it has decreased by ~16.79%. The stock has a 52-week low and 52-week high of GBX 1,691.94 & GBX 2,185.00, respectively and is currently trading lower than the average of 52-week high-low.
Data Source: EODHD/Others, Analysis done by Kalkine Group
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 09 June 2023. The reference data in this report has been partly sourced from EODHD/Others.
