||ORD 28 101/108P
||EPS - Basic
||Market Cap (m)
Diageo Share Discussion Threads
Showing 1676 to 1698 of 1700 messages
|EI - bought an initial stake too in one of the portfolios|
|Added another few.|
|25th nov Berenberg buy tp 2140p cut from 2400p
25th nov Credit Suisse outperform tp 2370p|
|A strike just before Christmas, lovely!.|
|Drinks giant Diageo faces its workers going on strike just four weeks before Christmas after staff voted in favour of industrial action over proposed cuts to their pensions. Members of the GMB Scotland union, which include those working at bottling plants at Leven and Shieldhall and distilleries across the country, backed the walkouts by 63pc and other forms of industrial action by 69.7pc. - Telegraph|
|Tempted to get back in .
Jefferies taking the red pencil to the drinks sector this morning keeping the 'buy' but cutting the tp from 2600p to 2300p.|
|Only managed to get about half of the shares I wanted as hoped lower
prices would be available, that looks unlikely, at least for now.|
|Below 19.60 for my next lot, if that price is available, got close yesterday.|
|1800 possilble buy point.|
|Got some just under 19.60, still not cheap imv.|
|Getting cheaper but remains on a huge rating.|
|There we go. Nice bounce point.|
|Set for a bounce.|
|Drinks giant Diageo's 2017 fiscal year has started well, according to an update issued ahead of the annual general meeting.
Chief executive Ivan Menezes says: "s expected, the momentum we created last year, strengthening our business through improved marketing, innovation, and commercial execution, has set us up to deliver a stronger performance. Key drivers of improved top line growth are our fiscal 2017 priorities: scotch, US spirits and India.
"We have made a strong start to our productivity work and are moving at pace. As we no longer take productivity related costs as an exceptional item, in the first half these costs will impact our organic operating profit margin. In the second half productivity related costs will decline and be offset by higher savings as well as the benefits from our targeted reinvestment of those gains. This will contribute to organic margin expansion for the full year.
"Our top line momentum and progress in implementing productivity changes, gives us continued confidence in achieving our objective of mid-single digit top line growth, and over three years ending fiscal 19 delivering 100bps of organic operating margin improvement."|
|Potential Reaction on Diageo (DGE) to analysts' view on the company's stock
|I've held Diageo for years.
Today the share price has hit an all time high.
|Hubbert - there would only be a tariff with the EU.
There would be no change in the price the UK currently charges to the US.
Plus - most of the stuff is made abroad and not exported, so it is only earnings being repatriated.
Finally, I think the average WTO tariff is 4%, so not sure if 10% is accurate or not.
But, in short, I agree there is little impact, as there won;t be for most industries.
All remainer lies.|
|Given that the bulk of DGE's sales are overseas let's consider the impact of UK leaving single market without a deal. UK reverts to default WTO rules with 10% tariffs. Importer in EU would experience a 10% price hike around 2019 but given sterling's slide vs euro since referendum the cost in euros would be the same as importer paid prior to the referendum. For an importer in the US, assuming a 13% depreciation of sterling vs dollar cost would be 3% less than pre-referendum even with a 10% tariff. On this basis (and assuming increased import costs don't significantly add to DGE's costs) UK's leaving single market does not appear to add much, if anything, to costs paid by importers provided sterling does not recover.
If above scenario is somewhat correct DGE's export prospects look good with / without the single market and recent share price strength can be attributed to relative lack of exposure to the UK domestic market.|
|Nice profit and +15% in a couple of weeks. I`m out for now.
Luck to all.|
|Get ready for the 1970's all over again. In the long term - Higher inflation, higher interest rates, higher unemployment, the rise of union activism, political chaos, etc etc...|
|Added today - DGE is a good stock to hold with large %age of earnings overseas. Sterling's devaluation these past few days have hiked those earnings by 10% in sterling terms and sterling may well have further to fall. Given that the current uncertainty is likely to last months if not years sectors such as banks, housebuilders, insurance, leisure may well stay out of favour. On this basis I'm anticipating further switching into FTSE100 companies such as DGE with high overseas earnings. Have also added to RIO and ULVR (already hold sufficient RDSB).|
|Goldman Sachs upgrading DGE from 'sell' to 'neutral'..... target increased from 1600p to 1925p
Kepler retains 'hold'... tp increased from 1790p to 1980p|