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Seguimiento de sector tabaco

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Seguimiento de sector tabaco
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Seguimiento de sector tabaco
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#26

Re: Re:Lorillard

xaps10

Hola Tywin,

Seguimos con la concentración del sector que como siempre debería ser bueno para las empresas. Yo estuve metido en Imperial Tobacco pero me salí para rotar a otros sectores más castigados.
El problema en este caso puede ser de deuda pero bueno estamos en una época en que sobra el dinero. Si no que se lo digan a AT&T que lleva de compras 2 años y que va a estar con 150 billones de dolares de deuda si no me equivoco...

un saludo.

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#27

Re: Seguimiento de sector tabaco

Por tener una idea os dejo la evolución de valores de BAT y Philip Morris:

¿Se huelen caídas en Phlip Morris después de esta tendencia lateral?

 

 

#28

Re: Seguimiento de sector tabaco

Quiebra S.l.

Buenas tardes,

Hago un megareflote ... Imperial Brands (antigua Imperial Tobacco). Está regalada, yo creo que ni el Brexit justifica estos precios...

¿Hay algo que no veo? He leído acerca de la transformación del sector y el paso que dan desde tabaco tradicional a vapeadores y cigarrillos electrónicos. Es muy interesante. De las grandes, parece que sólo esta apuesta poco por vapeadores y más por electrónicos. http://www.eleconomista.es/empresas-finanzas/noticias/8842028/01/18/El-cigarrillo-sin-humo-la-salvacion-de-las-tabaqueras.html

Financieramente veo números robustos, salvo error de novato. Parece una perita en dulce por valoración y ratios. Pero lo cierto es que no para de caer, eso es síntoma de algo SIEMPRE.

Saludos.

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#29

Imperial Brands vende su participación en Habanos SA

Imperial Brands PLC (“Imperial”) is pleased to announce it has agreed the sale of its worldwide premium cigar businesses (“Premium Cigars”) to investment consortia of individual investors in two distinct transactions for a total consideration of €1,225 million (£1,074 million), which represents a multiple of 11.8x FY19 EBITDA on a standalone basis. The disposal reinforces Imperial’s focus on simplifying its business and realising value for shareholders.

The sale multiple recognises the luxury nature of the businesses’ products and their international growth profile. After adjusting for tax and other costs, the disposals are expected to realise net cash proceeds of around €1,094 million (£958 million). The proceeds will be used for debt reduction and will reduce September 2019 pro-forma net debt to EBITDA leverage by c 0.2 times.

Joint Interim Chief Executives Dominic Brisby and Joerg Biebernick said: “We are delighted to be able to announce the sale of Premium Cigars in the current challenging global environment. It has been a complex transaction involving joint venture partners and assets across multiple geographies and we would like to thank everyone involved for working so hard to get the deal agreed.”

“This disposal reinforces our strategic ambition of becoming a leaner and more agile organisation and the proceeds will realise value for shareholders by reducing debt as part of our ongoing focus on active capital management.”

“We believe we have found the right long-term owners for Premium Cigars; they are committed to investing in the business to maximise future growth opportunities and are well positioned to further develop operations internationally.”

The sale will take place in two transactions documented under two sale agreements: one for the USA business (“Premium Cigar USA”); and another for the Rest of the World business (“Premium Cigar RoW”).

In respect of the transactions:

  • Gemstone Investment Holding Ltd will acquire Premium Cigar USA for a total consideration of €185 million (£162 million). This transaction is subject to the fulfilment of certain conditions, including customary antitrust and other regulatory clearances.
  • Allied Cigar Corporation, S.L will acquire Premium Cigar RoW for a total consideration of €1,040 million (£912 million). This transaction is subject to the fulfilment of certain conditions, including customary antitrust and other regulatory clearances.
  • The transactions are expected to close in the third quarter of calendar year 2020. The Premium Cigar RoW transaction includes the sale of the Dominican Republic handmade premium cigar factory which is expected to close in 2021.
  • Of the Premium Cigar RoW transaction consideration, €88 million (£77 million) will be deferred for 12 months from close and €69 million (£61 million) will be deferred and contingent upon transfer of the Dominican Republic factory.
The Premium Cigar business contributed £80 million of profit before tax in the year to 30 September 2019. The business comprises assets that are wholly owned as well as investments in a number of joint ventures, which results in a different accounting treatment for the two asset types:

  • The wholly owned assets represented £226 million of net revenue and £30 million of adjusted operating profit of the Africa, Asia and Australasia division for the year to 30 September 2019.
  • Our investments in the Premium Cigar joint ventures are accounted for using the equity method and our share of the profit after tax is £50 million for the year to 30 September 2019.
Pro-forma earnings dilution in the financial year to 30 September 2019 is around 6 pence per share*. As at 30 September 2019, the gross assets of Premium Cigars were £1,287 million and net assets were £1,111 million. An update on asset values and expected adjustments to foreign exchange reserves resulting from the transaction will be provided on publication of Imperial’s interim results for the 6 months to 31 March 2020.

Imperial is being advised by AZ Capital on the agreed sales of Premium Cigar USA and Premium Cigar RoW.

#30

Re: Seguimiento de sector tabaco

Tywin Lannister
Bueno yo estoy dentro de MO y PM,, la primera con un dividendo de 8,5% y un PER menor a 10...
La segunda con un dividendo del 6,5% y un PER, de 15...

Vamos números increíbles, de los mejores "bonos" de la bolsa...

La verdad es sorprendente lo poco que se sigue este sector...

El Conocimiento es Poder...

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