Diageo Share Discussion Threads

[philanderer] 08/10/2024 11:00

China to impose anti-dumping measures on EU brandy, drink stocks slump


(Sharecast News) - Shares of European drinks makers slumped on Tuesday after China said it would impose provisional anti-dumping tariffs on brandy imported from the European Union this week.

According to a notice from the Ministry of Commerce, Chinese customs officials will collect security deposits from companies that sell brandy that originates from the EU. The deposit amount will be between 30.6% to 39% of the total value.

Shares in Remy Cointreau, Pernod Ricard and Diageo were all hit, down 8.6%, 4.3% and 1.8%, respectively, at 1020 BST.

Russ Mould, investment director at AJ Bell, said: "Anti-dumping is an import duty charged in addition to normal customs duty and can be levied when a foreign company sells an item significantly below their normal price.

"Importers of brandy coming to China from the EU will now have to put down security deposits of up to 39% of the import value, with it unclear as to when the deposits will be returned.

"That could push up the price of such products for drinkers, and potentially lead to reduced sales of EU-originated brandy if the consumer seeks cheaper alternatives."


Sharecast.com

[philanderer] 04/10/2024 10:12

Bernstein cuts Diageo price target to 3,000 (3,050) pence - 'outperform'

[mcunliffe1] 03/10/2024 22:14

Thanks anhar

[anhar] 03/10/2024 18:54

Sterling value of US62.98¢ final divi announced: 47.23p

payable 17 Oct.

[wsm812] 27/9/2024 08:54

Even the threat of a takeover of any kind should jolt the BoD in to some positive share price action.

[philanderer] 27/9/2024 08:51

Diageo at risk of takeover, warns AJ Bell

Diageo (DGE) has sounded the alarm on the current backdrop and AJ Bell warns it could attract activist investors or a takeover bid if it remains in the doldrums.

The group delivered a sombre update, warning of the challenges for the industry and for the maker of Johnnie Walker and Guinness. However, the fact that the Citywire Elite Companies AA-rated stock kept its guidance in check cheered investors and the shares increased 4.7% to £26.15 on Thursday.

However, analyst Russ Mould said the shares jumped ‘because of the absence of further bad news, rather than evidence of a turnaround’ and the shares are still down 15% over the past year.

He said the company was ‘pulling some levers internally to position itself for a recovery in demand’.

‘The problems the company faced in Latin America, where it had far more inventory than it needed, hinted at issues with controls and discipline in at least one area of the business,’ he said.

‘Having staked a position very much in premium spirits, which paid off during the pandemic when people were unable to go out…Diageo really needs to see a recovery in this part of the market.’

Mould warned that if the business ‘remains in the doldrums for much longer it could attract activist interest or potentially a takeover bid’.

‘There could conceivably be pressure to break up the group with Guinness being hived off from the spirits brands,’ he said.

Citywide.com

[philanderer] 26/9/2024 21:06

Diageo shares rise as it makes progress on restructuring despite 'challenging' year

[mcunliffe1] 26/9/2024 15:37

I saw the This Morning program, delayed as the wife had been out, featuring a machine that sprays malt onto a poured pint of Guinness to create a VERY true likeness of your or somebody else's face.

Here:
and more:

The second link provides more details.

As Graham Norton commented on the program, after his face had been sprayed on a pint of Guinness Zero - "Great, takes even longer now to pull a pint of Guinness".



Maybe this is the cause of the share price rise today 🍺🤣

[laurence llewelyn binliner] 26/9/2024 15:18

#Anhar, I have revised the next dividend down to 47.5 pence tbc on my .xls, but as UK rates cool further the GBP will soften and balance out for the next one, the risk for dollar income subject to a GBP FX as you point out is how soon and how far the US go on rates next time IF their economic outlook weakens further and their jobless numbers pick up..

Nice to see a 100 pence plus up today all the same it does not happen very often.. :o)

[anhar] 26/9/2024 11:55

I'm just a dull old income investor so only really interested in the divis but unfortunately, although the payouts have grown well over the years, the switch to US$ accounting and the recent weakness of the dollar means that the forthcoming final of $62.98 will prob be about 47p. Despite their good historical growth this is actually lower than last year's 49.17p when they were still in sterling. We'll know on 03 Oct when they announce the conversion.

I have many shares in the port which account in dollars and long term I'm not bothered by short term dollar weakness because over time it will imo continue to appreciate against the pound, as it has in the past.

[robinnicolson] 26/9/2024 08:54

I think the share price rise this morning is less to do with the trading update and more a reaction to the news from China regarding the authorities latest pledges to try and stimulate the economy. Remy Cointreau and Pernod both up sharply, as are Hermes, L'Oreal and LVMH.

[philanderer] 26/9/2024 08:36

Market seems to like it 😊👍

[laurence llewelyn binliner] 26/9/2024 08:26

Up a c100 pence already, we are well positioned to return to growth just as soon as the shift to premium/luxury rotates, and that is driven by inflation, interest rates and disposable income.. :o)

[purplepelmets] 26/9/2024 07:51

Reads well

[jubberjim] 26/9/2024 07:15

Not impressed with latest missive

Says nothing new so for now will continue to avoid.

Ambiguous statement at best

Still nursing burnt fingers and bruised ego and I don't drink Guiness

Cheers

[billy two cocks] 25/9/2024 17:53

"Could be a trading update tomorrow (Thursday) with the AGM

Hold on to your hats if there is".


And your testicles.

[philanderer] 25/9/2024 17:37

Could be a trading update tomorrow (Thursday) with the AGM

Hold on to your hats if there is .

[action] 25/9/2024 17:07

Gearing up for santa rally in December. But need to survive brutal oct24 and USA election as well

[steve3sandal1] 25/9/2024 08:56

Results likely to provoke a move one way or another but there's a bowl forming which suggests up to me. Long haul but hopefully we're heading in the right direction

[laurence llewelyn binliner] 25/9/2024 08:34

#Philanderer, talking their own book and probably looking to top up.. :o)

These notes come with such a wide range of expectations, we have to make our own minds up as to where the share price is heading..

Interest rates are cooling off, the FED cut -0.5% last week after 2 years on hold, China stimulus yesterday, I see premium/luxury slowly picking up, but it will take time mind..

[philanderer] 25/9/2024 08:04

Wednesday

Goldman cuts Diageo price target to 2,400 (2,450) pence - 'sell'

[philanderer] 22/9/2024 20:43

Revealed: The secret process to remove alcohol from Guinness 0.0... and why bosses say charging over £6 a pint for it is fair

[laurence llewelyn binliner] 22/9/2024 14:27

#Philanderer, good to read a growth story after our LAC declines, our target audience will grow at the same rate as the global population, markets are assured, but market share needs to be won and maintained, DGE know what they are doing so I have been adding here around 23/24/2500 for the long term secure and growing dividends..