Imperial Tobacco (#IMT) - Reports "excellent results from growth brands"
- 2015-08-18 23:21:38
I may not have ever smoked, but I spent some time yesterday evening pouring over glossy photos of cigarette packets – that is old school cigarette packets with their bold colours and snazzy lettering and not the modern day equivalents with cancer warnings and photos of diseased body parts. Ok, I know some readers really do not want to read about tobacco companies but given that it is not illegal, you always have to respect personal choice and – yes, helped by addiction – they offer a pricing power scope (offsetting declining developed market sales) which has supported some wonderful total returns for investors over the last decade or so. I see Neil Woodford has included a number of sector names in his top holdings for his new venture.
As an arithmetically and financially attractive income share, Imperial Toboacco (IMT) or “Imps” looks to be an outstanding buy at 2344p. Here is why. There are in fact two reasons – Imps is the object of two very distinct investing perspectives.









