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Imperial Tobacco Group PLC
ITYBY.PKISIN: US4531421018SEDOL: 2478382 |
Rating: HOLD |
Target Price: 53.19 USD |
Investment Horizon: 6 to 12 months |
FY 2008 Update Report
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While Imperial Tobacco PLC’s (Imperial) FY 2008 revenues were below our expectations, margins were significantly higher than our estimates. FY 2008 results include the consolidated Altadis S.A. (Altadis). Going forward, we maintain our positive outlook for the company, given the robust industry, which does not seem to impacted to a significant degree by the broader recessionary conditions…
FY 2008 News Alert
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Imperial Tobacco PLC’s (Imperial) FY 2008 revenues were marginally below our estimates, while profitability was above our estimates. Given the resilient nature of the tobacco industry and the current target price, we do not anticipate a change to our current BUY common stock rating....
Company News Alert
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Imperial Tobacco PLC’s (Imperial) common stock price has declined significantly since our last update report, reflecting investor concerns over the ongoing global financial crisis....
Company News Alert
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On 24 September 2008, Imperial Tobacco PLC (Imperial) announced its trading update for FY 2008. The presentation focussed on 2 markets; France and Spain as well as progress on the Altadis S.A. integration and new reporting segments. Furthermore, the company expects to achieve its previously stated guidance for FY 2008....
1H 08 Update Report
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Imperial Tobacco Group PLC (Imperial) announced its interim 1H 08 results on 20 May 2008. While revenues were significantly higher than our estimates, profitability was below expectations. Going forward, we expect positive cash flows from the successful integration of Altadis S.A (Altadis) after its acquisition and believe it is a strategic acquisition in light of the greater competition and stringent regulations in the tobacco industry. ...
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