One of the sinful Companies (Tobacco, gambling, Oil etc.). I’ve held Imperial Brands in the past.
BATS latest financial report was slightly gloomy and this has hit the shares a bit, however although tobacco is on the decline, there are plenty of smokers out there and all manufacturers are developing vaping products. The jury is out on whether or not these are harmful.
In the meantime, the cigarettes are being churned out in a highly efficient manner. With a sustainable Dividend yield of 8% this will be a nice steady earner.
Philip Morris, the largest cigarette manufacturer in the world is just under twice as big. A takeover / merger is not entirely out of the question, too.
Buy price: £30.08
Current yield: 8%