Shares in tobacco and ‘next generation’ products smoking-focused Imperial Brands (IMB) were above 2000p early this year and it updated investors the other day on a number of matters including “although the economic and social impact of COVID-19 is developing rapidly, there has been no material impact on group performance to date and current trading remains in-line with expectations”. The shares are though now available to buy at 1665p – they were 1570.5p when this article first appeared - and we think you should although we regard a dividend cut as almost inevitable.
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