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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Diageo Plc | DGE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -33.00 | -1.19% | 2,742.50 | 16:35:28 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2,771.00 | 2,739.00 | 2,785.00 | 2,742.50 | 2,775.50 |
| Industry Sector |
|---|
| BEVERAGES |
| Top Posts |
|---|
Posted at 12/4/2024 07:28 by jubberjim DIS (Distil)Has been mentioned a few times I think in previous posts different scale but same line of business (I think ?) So their results yesterday did not look to promising. So in light of which will keep on my watch list but not inclined to invest right now hence BATS bought into yesterday Different scale as I said but is a worrying signal to this investor. Good luck all |
Posted at 19/3/2024 09:09 by pugugly Do we want an ex Civil Servant as Chair? Initial market markdown not encouraging."Diageo hires former UK Civil Service boss Sir John Manzoni as chair Diageo has named former head of the UK Civil Servive Sir John Manzoni as its next chair, replacing Javier Ferran who is retiring in February 2025. The world's top spirits maker reportedly began the search for a new chair earlier this year, while it grappled with the aftermath of a November profit warning that dented its confidence with some investors. Manzoni joined the Diageo board in 2020, after leading the UK Civil Service as chief executive from 2014. He is currently chair of energy business SSE plc and previously spent 11 years as a non-executive director of African beer brewer SABMiller, which was taken over by Anheuser-Busch InBev in 2016." |
Posted at 24/2/2024 17:36 by 888icb Times Business today has an article on potential takeover targets due to low valuations in London. One of the companies they feature is Diageo:“ Diageo Banking sources took the unusual step this month of denying there was any dealmaking afoot when The Times reported rumours of a bid for Diageo. The FTSE 100 drinks maker had a wobble recently when it issued a profit warning, started a search for a new chairman and brought in Rothschild's bankers to serve up Pimm's to new - investors. Jefferies' analysts said they had no idea if anyone would want to buy Pimm's. Debra Crew, Diageo's new chief executive, has been having "tough conversations" about how to restore the company's reputation as a solid stock. Diageo's share price now sits at £29.86 and, with food and - beverage businesses attracting average premiums of 41 per cent, it is thought that the guardian of Guinness could change hands for £94 billion. |
Posted at 04/2/2024 00:19 by philanderer I worked in military intelligence — now I’m determined to fix Diageo’s problemsDebra Crew’s tenure at the drinks giant has left investors nursing a huge hangover. She insists she has the recipe for recovery — and won’t ‘whine about my lot’ |
Posted at 31/1/2024 10:42 by anhar That's good news for short term traders Phil. A strongly negative broker consensus like this can mean the price is likely to rise though it matters little to me as a long term hold income investor. As I said earlier, yield is way too low to persuade me to increase my holding. |
Posted at 31/1/2024 00:00 by philanderer Diageo boss under pressure as sales and profits slide...but British drinkers show no signs of cutting downAarin Chiekrie, an equity analyst at investment platform Hargreaves Lansdown, said the outlook for profits for the rest of this year ‘remains murky’. He added: ‘The medium-term looks slightly brighter, but improvements in the Latin American and Caribbean market will be key and to a large extent that’s outside of Diageo’s control.’ Richard Hunter, head of markets at Interactive Investor, added: ‘All is certainly not lost at Diageo, but the performance in Latin America and the Caribbean has left a bitter taste in the mouth, from which it may take some time to recover.’ Crew started her career as a military intelligence officer in the US army, before working at consumer titans such as Pepsico, Kraft Foods, Nestle and Mars. |
Posted at 30/1/2024 11:57 by anhar Yield still only about 3.0% at 2,755p assuming a divi of 84p for y/e 30/06/24 when converted to sterling. That is well below the FTSE100 as it has been for years.As purely an income investor I'd like to increase my holding but not at this poor yield. I'd consider it at around 4%, implying an share price of about 2,100p. That's not a prediction, just the price that would tempt me to add under current interest rates and circumstances of my income port. |
Posted at 26/1/2024 13:23 by richie1218 Diageo in high spirits after LVMH, Remy Cointreau updates26 Jan 2024 Diageo PLC (LSE:DGE) on Friday led the FTSE 100 risers after investors took heart from results from LVMH and Remy Cointreau. LVMH’s Wines & Spirits business delivered organic sales growth in the fourth quarter after declining in the two previous quarters. Bank of America described the performance from the division as “the biggest positive surprise” in the quarter with 4% revenue growth after two quarters of >20% declines. The bank noted management stated the "worst of cognac demand behind us". Meanwhile, shares in Remy Cointreau surged 13% after it posted a slightly smaller-than-expecte Russ Mould at AJ Bell said investors had taken “comfort from LVMH’s results, as well as some green shoots in Remy Cointreau’s results, that the luxury sector isn’t completely broken.” He noted Diageo recently warned about a drop in Latin American drinking which led investors to speculate that demand for expensive spirits might be waning. But he pointed out LVMH’s latest update struck a confident tone, giving a lift to luxury-related stocks. “Also helping to drive the sector was Remy Cointreau’s latest figures which showed a quarter-on-quarter improvement in the Americas, a region that has been awash with promotions and retailers/wholesaler “It seems the sector could go through a phase where investors are rewarding companies that say things are not as bad as feared, rather than saying everything is going well.” Shares in Diageo, which owns Johnnie Walker are up 4.0% |
Posted at 05/1/2024 19:38 by philanderer “Diageo continued its losing streak after news last November of sales weakness in Latin America and the Caribbean. Its shares are now trading at their lowest level since November 2020. Various fund managers have been talking up the stock, saying the premiumisation trend in the drinks sector still has legs, yet there are other investors who feel let down by what they thought was a stock that never caused any drama.“Diageo was also caught up on Friday by a sell-off for the broader drinks sector after China launched an ‘anti-dumping& “This represents yet another point of tension between China and the West and suggests geopolitical developments could be a key worry point for markets in 2024.” |
Posted at 13/11/2023 16:31 by philanderer Diageo hangover to continue for some time, say City banksSpirits group Diago PLC might have more bad news to come for investors, according to two top City brokers. Shares in the Johnnie Walker, Guinness and Smirnoff group tanked 15% on Friday as it warned of slowing growth in Latin America/Caribbean, a region that accounts for around 11% of sales. But that might not be the end of it, according to Deutsche Bank, one of the few brokers to have had a 'sell' rating on Diageo ahead of the warning and that had cut its share price target just days before. The bank cut it again today, to 2,550p from 2,750p, with sales estimates for other regions in 2024, notably Europe, North America and Asia-Pacific, all lowered. "Company commentary implies an organic margin decline in both the first half and full year 2024 fiscal year," Deutsche Bank said, adding that it sees a buyback next year as off the table. 'Sell' remains its stance. Citi, too, says that even though Diageo saw the biggest one-day share price fall in its history on Friday, it is "tough to see a catalyst for the shares". “Overall, the valuation de-rating of spirits appears to be largely complete and Diageo’s [current] buyback should provide a floor for the stock. “But with LatAm destocking issues possibly lingering" into the second half of 2024 and given threats to first-half US organic sales growth, "it is not yet certain these Diageo downgrades will be the last“. “We prefer Pernod”, is Citi’s investment conclusion. Diageo shares today were flat at 2,851p. proactiveinvestors.c |
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