Diageo Share Discussion Threads

[billy two cocks] 19/10/2023 10:29

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

[anhar] 19/10/2023 09:42

DGE is in my income port and due to the recent price weakness I added to it because its value had fallen below my average sector value.

It's a low but very reliable yielder, though my strat is to prefer higher yielders in general. In fact it's currently the lowest yielder I hold. However my requirement for wide diversification makes it an essential constituent so that diversity trumps yield for those sectors I consider core and this is one. There's no real boozy rival to DGE in the FTSE100.

[essentialinvestor] 19/10/2023 09:38

Safety trade play now beginning to take effect?.

[porsche1945] 19/10/2023 08:30

The only thing that’s ever going to get this share price moving is them moving Diageo’ listing to the US. At least it hasn’t been cut in half since 2016 like everything else on the brexit basket case ftse 100.

[philanderer] 18/10/2023 08:56

RBC cuts Diageo price target to 3,000 (3,100) pence - 'underperform'

[philanderer] 17/10/2023 09:18

Evenlode: Don’t ignore Diageo’s valuation


Drinks giant Diageo (DGE) has a ‘compelling217; valuation after its shares were hit by ‘troublesome’ but short-term issues in North America, says Evenlode manager Ben Peters.

Peters holds the Citywire Elite Companies A-rated stock in his Evenlode Global Income fund, where it makes up 2.5% of the £1.8bn portfolio.

He said the business has ‘steady cashflows, a loyal customer base, and attractive long-term growth potential’.

‘The company is compellingly valued… So why the lacklustre share price performance?’ said Peters.

He guessed the ‘nervousness around the growth picture’ is playing a role as the company’s large North American business has seen a decline in the first half of the year when it is usually a ‘mid-single-digit growth market’.

Peters said the downbeat North American trading could ‘continue for a while’ but said his investment horizon was five to ten years so ‘near-term weakness is not so troublesome’.

Shares in Diageo were trading at £30.59 on Monday.


citywire.com

[essentialinvestor] 05/10/2023 13:15

Constellation brands beat estimates, raise FY guidance.

[billy two cocks] 02/10/2023 14:48

I think that due to the market being on the verge of a massive correction, it's not worth £30.

The FTSE 100 is about to re-rate. New parameters.

[dov] 02/10/2023 14:34

Desperately trying to hold on to £30 mark think this will be a losing battle

[disc0dave46] 30/9/2023 12:34

Constellation Brands reports Q2 numbers this Thursday, so some read across likely IMO.

[philanderer] 29/9/2023 08:39

Bank of America cuts Diageo price target to 3,600 (3,800) pence - 'buy'

[anhar] 28/9/2023 10:19

THe key point I think from her AGM comments today is this:

...We remain well-positioned to deliver our medium-term guidance for fiscal 23 to fiscal 25 of organic net sales growth consistently in the range of 5% to 7% and organic operating profit growth sustainably in the range of 6% to 9%...

Which, as purely an income investor, is fine by me as it implies that divis may rise at a similar rate.

[billy two cocks] 28/9/2023 10:12

As soon as I see the word "headwinds", my guard goes up.

[disc0dave46] 28/9/2023 09:52

Normal trading update ahead of AGM.If CEO dipped into her deep pockets that would do more IMO, not talking LTIP/freebies either.

[makinbuks] 28/9/2023 09:26

CEO seeking to reassure the market.

[essentialinvestor] 28/9/2023 09:20

Test of £30 area and as previously mentioned it looked on the cards.

DGE reiterated both FY and medium term guidance this morning,
medium term risk/reward now looks favourable - all be it if wider
markets continue to sell off about everything will get cheaper.

[wsm812] 28/9/2023 07:50

"Is it cus ee's black" To quote Ali G!

[billy two cocks] 27/9/2023 16:27

Exactly Laurence.

[laurence llewelyn binliner] 27/9/2023 16:04

Diageo said it had invested more than USD100M (£78m) in DeLeon Tequila and tried for years to salvage the broken relationship with Mr P-Diddly.

Despite having made nearly a billion dollars over the course of our 15-year relationship, Mr Combs contributed a total of $1,000 and refused to honour his commitments, the company said.

Mr Combs bad-faith actions have clearly breached his contracts and left us no choice but to move to dismiss his baseless complaint and end our business relationship.

Unfortunately, Combs has proven himself once and for all to be an unreliable and untrustworthy business partner, the company said in its response.