Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I will never personally smoke, vape or anything even mildly akin to such, but one of the main reasons my personal pension fund went up last year was down to the portfolio having a couple of global tobacco stocks. Swedish Match was purchased by another tobacco sector name at a decent price, whilst the FTSE 100 player Imperial Brands (IMB) did rather well, both from a dividend payment and a share price appreciation perspective. I shared with you earlier this year that north of a twenty quid share price there I was going to sell a good chunk of my shares, and I have done that. And, whilst the dividends continue to flow, the share price of Imperial Brands is back to a level last seen just over a year ago, which seems potentially a little bit harsh. Meanwhile, British American Tobacco (BATS) shares have performed even more badly. So what does its half-year trading update out this morning say?
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