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DGE Diageo Plc

2,831.50
-18.50 (-0.65%)
13 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Diageo Plc LSE:DGE London Ordinary Share GB0002374006 ORD 28 101/108P
  Price Change % Change Share Price Shares Traded Last Trade
  -18.50 -0.65% 2,831.50 1,762,545 16:35:22
Bid Price Offer Price High Price Low Price Open Price
2,829.50 2,830.50 2,863.50 2,824.00 2,851.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Wine & Alcoholic Bev-whsl 23.52B 3.73B 1.6715 16.93 63.22B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:51:01 O 7 2,832.00 GBX

Diageo (DGE) Latest News (2)

Diageo News

Date Time Source Headline
13/5/202418:11UK RNSDiageo PLC Transaction in Own Shares
13/5/202415:15UK RNSDiageo PLC Director/PDMR Shareholding
10/5/202418:05UK RNSDiageo PLC Transaction in Own Shares
10/5/202416:08UK RNSDiageo PLC Director/PDMR Shareholding
10/5/202412:58UK RNSDiageo PLC Director/PDMR Shareholding
09/5/202417:55UK RNSDiageo PLC Transaction in Own Shares
08/5/202417:19UK RNSDiageo PLC Transaction in Own Shares
07/5/202417:49UK RNSDiageo PLC Transaction in Own Shares
03/5/202418:08UK RNSDiageo PLC Transaction in Own Shares
03/5/202412:37UK RNSDiageo PLC Director/PDMR Shareholding

Diageo (DGE) Discussions and Chat

Diageo Forums and Chat

Date Time Title Posts
08/5/202409:09Diageo - Global Distiller2,196
26/7/201801:27Diageo (DGE) One to Watch on Thursday -
17/9/201607:04Potential Reaction on Diageo (DGE)-
28/11/201212:30The Irresponsibly Active Diageo Investors Club20
19/11/200910:26Charts75

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Diageo (DGE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-05-13 15:51:452,832.007198.24O
2024-05-13 15:51:192,831.00128.31O
2024-05-13 15:51:042,831.501343,794.21O
2024-05-13 15:37:372,831.5040011,326.00AT
2024-05-13 15:37:332,831.501,48041,906.20AT

Diageo (DGE) Top Chat Posts

Top Posts
Posted at 13/5/2024 09:20 by Diageo Daily Update
Diageo Plc is listed in the Wine & Alcoholic Bev-whsl sector of the London Stock Exchange with ticker DGE. The last closing price for Diageo was 2,850p.
Diageo currently has 2,233,904,710 shares in issue. The market capitalisation of Diageo is £63,219,503,293.
Diageo has a price to earnings ratio (PE ratio) of 16.93.
This morning DGE shares opened at 2,851p
Posted at 01/5/2024 17:41 by redartbmud
phil

A bit of room for a share price re-rate there!
I took an extreme view and more than doubled my holding in Dge not so long ago. Since then the share price has been somewhat volatile. It currently sits 15p/share below the cost of the last buy. It has also been close to £1/share above.

Overweight is one thing, but a 30%+ hike is a bit of a stretch in current markets.
I would be more than happy should it occur, but I very much doubt that I can hold my breath that long.

red
Posted at 25/4/2024 19:20 by 888icb
The Times today:
“ London's big firms
'could double valuations with New York switch'
Analysis by AJ Bell suggests that Shell, Diageo and British American Tobacco would see their market capitalisations jump
Emma Powell
Thursday April 25 2024, 12.01am, The Times
Some of London's largest listed companies could see their valuations as much as double by moving to New York, according to a new analysis, underscoring the appeal for companies considering switching their listings away from the UK.
Shell, Diage and British American Tobacco could see their market capitalisations jump if their shares were priced based on the same earnings multiples as their New York-listed peers, AJ Bell, the funds platform, has found.
…. For Diageo, the drinks group behind brands including Guinness and Johnnie Walker, the upside could be around a quarter, from £63.5 billion to £84.6 billion”
I imagine with USA being such a major market for Diageo it will become an increasingly tempting option. LSE is not giving Diageo the share price it deserves despite the FT reaching all time highs. It is very concerning for the future of the FT 100 if it can’t reward its global stocks.
Posted at 28/1/2024 20:20 by richie1218
LEVISRUS I guess you wont be adding them, I'm expecting DGE share price to be back in the low 30s by the end of the week . Gla
Posted at 15/11/2023 17:02 by mcunliffe1
I read a decent explanation of when a BB may be acceptable on the ABDN thread earlier today. There's been a long-running debate about BB's on that thread and I have to admit, I am not a fan of them.

However, the explanation referred to Warren Buffet and his belief that BB's, whilst acceptable, should only be undertaken when the share price is unacceptably low. A BB should be treated in much the same manner as an investment. Bought low.

I do hope therefore that any proposed DGE BB is indeed cancelled or at least, nothing is bought above about £25.


I still keep coming back to the 20% drop in sales in South America/Caribbean which only provides 11% of the total DGE sales. It's hardly a big enough fall in sales volumes (2.2% overall) to merit this 12% drop in the share price over the past week.
Posted at 15/11/2023 11:37 by anhar
I have no idea where DGE share price is going and in any case, I'm purely a divi income investor with little interest in share prices. But I do know that after many decades of investing, broker forecasts are worthless. As you say, there are so many with a big cap like this that you can probably find one that suits the situation.

But how do you know which one to follow as far as the future goes? Don't make the mistake of thinking that because it looks like Deutsche called it right on DGE for the time being, that they are somehow superior forecasters. Even a stopped clock...
Posted at 13/11/2023 16:31 by philanderer
Diageo hangover to continue for some time, say City banks




Spirits 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.co.uk
Posted at 10/11/2023 11:51 by mcunliffe1
Hope: appreciate your heads-up.

Looking into DGE's fall a little more than is provided on this thread and it seems to me to be really about the world-wide economic slowdown and consumers switching away from premium products towards less expensive offerings.

ALDI and Lidl have both ridden that wave and have been particularly successful as they often offer equally good products at a smaller price than branded.

The LAC (Latin America and Caribbean) area accounts for 11% of DGE's total sales. DGE have stated that they expect a 20% reduction in sales in the LAC area.

That equates to 2.2% of TOTAL sales.

However, other premium product companines such as LVMH and Watches of Switzerland have also seen a reduction in their sales. It appears the rich also have a frugal tendency.

As regards this 'bouncing back' I'd be surprised - and unhappy as I held £10k's worth as at mid Aug. 2023 when I bought at £32.32. But this market is troubled and I'm looking for a 10 year hold on this share.

I am not inclined to add further money in DGE just yet. I'm happy to keep the cash in my ii SIPP as it's earning slightly more than DGE's div. yield.

And that seems to be the issue across the wider market. It's easier at the moment to earn more from safer investments.
Posted at 26/10/2023 12:37 by mcunliffe1
OK, I've read the past 80+ posts.
To summarise, because there may be other new investors in DGE (or interested in investing in DGE for the first time soon):

45% of sales stem from the US - sales declining and not growing there at low rate as has been the case in the past.

Court case with some dude who is/was a rapper.

Change of currency from GBP to USD - with possibility of dual listing in USA/UK.

Carrying a manageable debt and still generating enough cash to buy own shares back.

Strong brand loyalty and leaders in Whiskey, Tequila and with Guiness performing better than expected.

A CEO with a plan to grow DGE's share of the worldwide alcohol market from 4% to 6% by 2030...... in an already growing market.

I suspect the share price drop is nothing more than that being suffered almost everywhere in the FTSE-100/250 arena.
Posted at 19/10/2023 11:29 by billy two cocks
Phillis.

You should really have a word with yourself.

I sold a substantial amount of DGE in April at just under £37.

I can now buy them back at a good discount.

At present I hold zero DGE. I fully intend to buy my original holding back but not at these prices.

It does amuse me when we have a small increase in the share price and people like you jump up and down thinking it's xmas.

I would be very careful being long at the moment. The geopolitical situation is atrocious, earnings in the US are coming in lower and a re-rating across the markets is a distinct possibility. I'm also not at all sure about the new CEO and think that DGE is resting on its laurels.

The dividend yield is uninspiring too.

Good luck but don't try to belittle people who have a valid opinion and are quite possibly in a much higher league than you. It makes you look, well......amateurish.

Would I short DGE? No.

Would I buy DGE? Yes but not at this level.

Thanks

BTC
Posted at 08/9/2023 07:33 by essentialinvestor
Broker comment concerns fundamentals rather than share price,
but get your point. The share price has been hit hard recently while the
business has continued to deliver record pre tax profits - tbf you could also
make a case recent share price weakness is factoring in slower growth over the next couple of years.


If you buy a stock on a premium rating there is always a risk that rating can become less premium.
Diageo share price data is direct from the London Stock Exchange

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