Sub 2000p today? |
Or selling it when it is conviction BUY... |
Whatever the charts say, whatever the fundamentals say.
This is a busted flush consistently falling while the main market is near all time highs.
They're losing market share, people don't drink as much and the management are too fat and not hungry enough.
They were hoovering up their own shares using borrowed money at £40 plus ffs. That doesn't inspire confidence.
£15.
Thanks
BTC |
I wonder if the so called price targets are estimated from technical analysis or fundamentals.
We can all see the shape of the curve and that momentum is down.
All very well for high frequency momentum traders, but for value investors such as Warren and myself, opportunities are created.
Some of my best investments over the years have been by buying shares that have fallen further after a Goldman Sachs 'conviction sell' note. |
sub 2000p coming up ? |
i see no rush...............let it turn first
better to miss 100p than it fall another 200p
tiger |
Better to be early than late was what my granny taught me CT . |
I think too early |
Well it looks cheap enough to me onboard at £20.49,it was a toss up between JD. or DGE do think there are decent assets here just poor asset management.
Time for a shake up of management no good beating about the bush they have to go. |
#MC1, ideally yes, you would have spare capacity ready to go, DGE should really be one step ahead of trends and drinking habits with their experience but we will see how they respond in the next set of results.. :o)
Disappointing to be down here around 2000 pence, but with the trade war and tariff nightmare, no one can plan properly and stability is out of the window near term, it is hardly surprising to see share price weakness.. |
 Laurence, I'd add a slight twist to the capacity aspect.
I think it's best to have the over-capacity but to not necessarily use it until needed.
If the capacity isn't there and demand rises quickly you are losing potential profits.
Over capacity will cost but if unused, the costs are reduced.
There's always the possibility that contract brewing could take up the slack capacity on a short-medium term basis. Boddingtons at their Strangeways Brewery contract brewed. They had a well at the brewery that provided the water and to this they added salts to adjust the water to match that of the brew they were contract producing.
There's a bakery chain in my town, Greehalghs. I'd visit a shop in past times to buy a meat pie only to find they'd sold them all. I wrote to the sales director explaining the loss of profit resulting from my lack of purchase (I would not buy an alternate product). As their markup is greater than 50% a pie left on the shelf at night is less of a cost that the lack of one pie's sale.
The bakery is a shadow of its former self these days and stocks are worse. I no longer visit so my cholesterol is the ultimate winner I guess. |
#MC1 adding brewing capacity to meet demand is a tricky balance, but it is better to have more demand than supply than the other way around and brewing more than you can sell with a time constrained life of barrel..
Maybe they have turned some capacity over to the Zero instead..? another best seller, but I prefer the full fat myself.. :o) |
There's no hiding the issue of lack of (Guinness) product availability Laurence, and ultimately, THAT IS the responsibility of the CEO. |
#Giltedge, the CEO is not directly responsible for trade wars and the fallout of them, and if you look at some of the other big distillers, Pernod-Ricard for example on a 1/3/5 year chart you will see they mirror each others trend, but the latter is even worse so it is not company specific .. :o(
It is painful to hold and watch a CG evaporate, even on a total return basis but over time the dividends do stack up and DGE are very unlikely to ever cut them, we just have to ride out the storm and wait for stability to return, our TBA market grows with countries population worldwide, and is unlikely to ever stop doing so.. |
Mentioned in previous posts, opportunity cost sitting here when Ftse & now Daxs charging up. Investors Should have sold when Terry Smith sold. Not sure what ceo doing probably travelling first class & staying in 5 star hotels in Caribbean or Mexico trying to work out why sales are dropping. |
This sums this situation up. |
Don't forget that this debacle is at a time when the FTSE 100 is near all time highs.
The word on the street is that the FTSE is due a massive correction.
Where will this be when the froth is blown off the FTSE?
£15?
£12?
Sub £10? |
I think it's time to sack the ceo and put the cfo in charge.
Suet |
Sub 2000p looking likely today. |
I was born in England and came back in live in Surrey aged 16.
rogue, 18.50, noted. |
Totally agree. And in the absence of a Guinness they choose a Murphy's or a Mackeson...and find they like it. |
I was in a pub in Bolton last Friday. Asked about St. Patrick's Day and the publican stated he was unsure if he'd have any Guinness Barrels. His Previous delivery of two barrels soon sold and he's been without for some time.
Now, what kind of company can allow their star product to be in short supply on the very day even a non-Guinness drinker might be tempted.....and then find they like it?
In my view, a company whose management needs a kick up the backside before being shown the door.
Some years back, perhaps 2016, I was in New York on St. Pat's Day. There was no Guinness advertising on the back of the parade. That very day should be a showcase for Guinness in both New York and Boston. |
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