Revenue for the full year was GBP25.78 billion,
Dividend declared is raised to 215.6 or up 2.5%
This is a classic "value" stock which the market seems to think is basically on its way out. Many investors who I have faith in have come to find this as an opportunity to grab stocks paying massive dividends which are more or less secure.
This earning report says to me that those dividends are indeed secure yet upon the release, the share price has dropped ~5% today! This brings it to to a PE of 10 while it is paying 7.75% dividend.
I am topping up my holdings personally as I think that is extremely undervalued and pricing in far, far too much negativity.
FROM THE SENS :
Combustible revenue up 2.8%*
Cigarette value share up 20 bps
Adjusted profit from operations up 4.8%
Adjusted operating margin up 100 bps
Full Year dividend 215.6p up 2.5% a 65% dividend pay-out ratio .. payable in four equal quarterly instalments of 53.9p per ordinary share in May 2021, August 2021, November 2021 and February 2022.
Submitted February 17, 2021 at 05:14AM by youvebeenjammed https://ift.tt/3beqFDR
