Retreat from tobacco

[Dod101]

Following on from my sale of half of my holding in BATs, I have just sold half of my holding in Imperial Brands. I feel much better for that. Unless I get a sudden urge, I will not sell the remainder of either until next year at this time so that the loss of the dividends is not too drastic. Half of the proceeds has gone into National Grid and it is likely that the other half will go into Primary Health Props.

A man has got to do what a man has got to do.........

Dod

[tjh290633]

If it makes you happier, that's the right move to make, Dod. I'm still holding on to mine at the moment. Big cuts in dividends might convince me otherwise. That applies to VOD as well.

TJH

[Dod101]

If it makes you happier, that's the right move to make, Dod. I'm still holding on to mine at the moment. Big cuts in dividends might convince me otherwise. That applies to VOD as well.

TJH

As I think I said before, there is more to investing in shares than the dividends. Incidentally I doubt that there is much risk in the near future of any reduction in the dividends. They are I think, likely to remain cash cows for some time to come, but there are the ethics and also the capital values to think about. Shades of HFEL?

Dod

[monabri]

New BATS CEO steps in...plays the honesty card but to what avail? Can he see 30 years down the road? Shades of Looney (BP) and Coupe (Sainsbury) opening mouth and putting their feet in it. He wont' be in-post in 30 years time. If he keeps upsetting the shareholders it will be a short tenure.


Looney on BP and oil prices .."a cash machine at these types of prices”....

Mike Coupe singing "we're in the money!" regarding a tie up with Asda...(the deal fell through ..cue for CEO to Exit Stage Left!).

[Dod101]

New BATS CEO steps in...plays the honesty card but to what avail? Can he see 30 years down the road? Shades of Looney (BP) and Coupe (Sainsbury) opening mouth and putting their feet in it. He wont' be in-post in 30 years time. If he keeps upsetting the shareholders it will be a short tenure.


Looney on BP and oil prices .."a cash machine at these types of prices”....

Mike Coupe singing "we're in the money!" regarding a tie up with Asda...(the deal fell through ..cue for CEO to Exit Stage Left!).

Yes but it is not just that. You do remember that BATs was quoted at over £50 per share at the end of 2017? We income investors have been blinded by the income from the tobacco shares so that we ignore that disastrous capital performance. Imperial has held up better than BAT for some reason, but they are both in a dying industry and I just think that the time has come to get out.

Dod

[Dod101]

And just to add to that, I see that I bought a tranche of Imperial in 2014 at £26.14. Selling today at £18.10.

Dod

[Arborbridge]

And just to add to that, I see that I bought a tranche of Imperial in 2014 at £26.14. Selling today at £18.10.

Dod

It's too late? The fall has already happened. Oh to be a good chart watcher - we would both have sold in the autumn of 2022 when this downtrend set in.

Perhaps I'll go back to TA

Arb.

[Dod101]

And just to add to that, I see that I bought a tranche of Imperial in 2014 at £26.14. Selling today at £18.10.

Dod

It's too late? The fall has already happened. Oh to be a good chart watcher - we would both have sold in the autumn of 2022 when this downtrend set in.

Perhaps I'll go back to TA

Arb.

Obviously the cash which I expect the tobacco companies will continue to throw off has a value and that is bound to help support the share price but we have all been kidding ourselves re the income. As I have said, dearly bought income and that and the ethical side of nicotine selling is more than I now feel comfortable with. I feel almost liberated having decided where I am going with it.

Dod

[tjh290633]

And just to add to that, I see that I bought a tranche of Imperial in 2014 at £26.14. Selling today at £18.10.

Dod

I have just had a look at mine. BATS first bought at 2203p in 2010, currently 2315p, IRR 6.86% with various buys and sells, 7.85% had I just bought one lot and held. Average cost 2563p.

IMB demerged from Hanson at 375p in 1996. Had I just bought the one lot, the IRR would have been 14.59%. As it was, with many transactions and corporate events along the way, my IRR is 21.23%. I see a purchase at 3130p in 2017. Average cost 532p.

TJH

[Tedx]

There's gonna be some M&A action* with fag companies. No ifs no butts. No doubts.

Meanwhile, the December div from Imperial...Oooh, that paid for a few things.

*I don't actually know if there is going to be any M&A action. So don't buy off the back of that statement.

[Dod101]

There's gonna be some M&A action* with fag companies. No ifs no butts. No doubts.

Meanwhile, the December div from Imperial...Oooh, that paid for a few things.

*I don't actually know if there is going to be any M&A action. So don't buy off the back of that statement.

No doubt the dividends are attractive but they are adding industry and I have never liked their business proposition. Some will be like TJH and have timed buys well. But the st is chance.

Dod

[TUK020]

There's gonna be some M&A action* with fag companies. No ifs no butts. No doubts.

Meanwhile, the December div from Imperial...Oooh, that paid for a few things.

*I don't actually know if there is going to be any M&A action. So don't buy off the back of that statement.

No spliffs, no butts

[Tedx]

Just let the divs roll up. Filter out the rubbish, keep tabs on the good uns. It's a drag, but it won't cost you a packet.

[bluedonkey]

This has become a real fag end of a thread.

[Tedx]

This has become a real fag end of a thread.

Just looking after my own ash

[midgesgalore]

Imperial Brands finally ran out of puff for me today in my ISA.
I still have a minor holding in my SIPP where I can drag a lousy last gasp of dividend.

midgesgalore