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Imperial Brands – half-year trading update, a value Buy?...

By Tom Winnifrith & Steve Moore | Thursday 18 April 2024


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.


Imperial Brands (IMB) has issued a trading update emphasising “first-half adjusted group operating profit ahead of H1 2023 on constant currency basis… Confident of meeting full-year expectations and our guidance of growing net revenue and delivering a step-up in adjusted operating profit growth”. This sounds like good news from an around 1700p share price.
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