Diageo Share Discussion Threads

[philanderer] 16/1/2024 13:51

Diageo announces funding to accelerate the decarbonisation of the glass industry in North America and India

[billy two cocks] 16/1/2024 12:10

Looks like my £25 prediction is going to be correct.

[philanderer] 16/1/2024 10:53

Deutsche Bank cuts Diageo price target to 2,450 (2,470) pence - 'sell'

[jubberjim] 12/1/2024 15:38

Sold out again

Something not right

Iffy market

Will be sideline sammy until things clear up.

Good luck in trying to make sense of it

[jubberjim] 12/1/2024 14:04

added some more just below 2770

Don t know what is going on

Markets need a stiff drink to calm their nerves

[essentialinvestor] 12/1/2024 14:00

WTB is not a drinks company, so with respect any comparison with DGE is misplaced.

Premier Inn drives WTB, all be in they still own pubs and restaurants, which they are very slowly (atm) selling off.

[philanderer] 12/1/2024 13:56

DGE the dog of my portfolio today. Tempted to add a few here.

[togglebrush] 11/1/2024 11:10

Whitbread results and growth today show strength in the middle market which is more top shelf (Diagoes brands home turf) whilst Wetherspoons troubles which is more in the volume Beer market, where Guinness brands may consider themselves premium brands. IMHO a plus for DGE

[philanderer] 11/1/2024 10:57

Bank of America cuts Diageo to 'neutral' (buy)

[billy two cocks] 11/1/2024 08:16

"Chairman purchase

297 @ £27.90 = £8286.30p"

A few day's salary.

[tuftymatt] 11/1/2024 08:12

Always a good sign in my opinion.

Some may argue it's not a huge amount but why buy if they are not confident it's undervalued.

Good luck all 👍🏻

[philanderer] 11/1/2024 00:36

Chairman purchase

297 @ £27.90 = £8286.30p

[sumday] 09/1/2024 16:08

A life long Guinness drinker bar a few years in infancy 😀. The 0.0 is excellent. Great to be able to drive to a pub, have a few pints and drive home. OK in a perfect world it would be nice to have the real thing but an excellent substitute.

[richie1218] 09/1/2024 13:28

I've just ordered a crate of Guinness 00 from a very well known online retailer and I happened to notice that this retailer had sold 3k+ of these items over the last month.

I'm trying to cut down on my alcohol consumption through January and I first tried the Guinness 00 in our local pub who are serving it via pint cans, I find it very close to the Guinness alcohol drink in look and taste well done Diageo in producing such a brilliant alcohol free alternative.

Guinness info
"Over 10 million glasses of Guinness stout are enjoyed every single day around the world, and 1,883,200,000 pints are sold every year"

[philanderer] 09/1/2024 11:30

Bernstein raises Diageo price target to 3,580 (3,465) pence - 'outperform'

[philanderer] 08/1/2024 13:37

Diageo opportunity is long term, says Evenlode


Drinks giant Diageo (DGE) is facing a number of short-term challenges but the trend for premiumisation and expansion in growth areas like India provide long-term opportunities, says Evenlode manager Chris Elliott.

Elliott holds the Citywire Elite Companies plus-rated stock in his Evenlode Global Equity fund, where it makes up 4% of the £328m portfolio.

Diageo did not have an easy 2023, culminating in a profit warning just days before its capital markets day in the City in early November.

Elliott said the challenges were ‘most pronounced in Latin America, where the company anticipates a 20% revenue decline for the first half of the financial year.’

‘This downturn is attributed, in part, to distributors stockpiling inventory in anticipation of Diageo’s price hikes, which were a response to rising inflation,’ he said.

‘The situation was exacerbated by an economic slowdown, limited visibility on actual product sales, and a normalisation from the peak sales observed post-Covid. Consequently, a significant inventory build-up at the distributor level has occurred which is expected to take time to resolve.’

The problems faced by the owner of brands such as Guinness and Johnnie Walker ‘highlight the complexities involved in implementing inflationary price increases on long-lived products.’

However, Elliott said despite the short-term challenges, ‘the long-term outlook… remains promising’.

‘The ongoing trend of premiumisation and expanding access to spirits in high-growth markets, such as India, continues to underpin the growth potential,’ he said.

The shares fell 1.9% to £27.55 on Friday. They are down 24% over 12 months.


citywire.com

[mcunliffe1] 06/1/2024 12:06

well spotted phil. I saw the report in the press this morning about this. China is retailiating against the EU's belief that China has ben 'dumping' cheap e.v. cars in the block.

[philanderer] 05/1/2024 19:38

“Diageo continued its losing streak after news last November of sales weakness in Latin America and the Caribbean. Its shares are now trading at their lowest level since November 2020. Various fund managers have been talking up the stock, saying the premiumisation trend in the drinks sector still has legs, yet there are other investors who feel let down by what they thought was a stock that never caused any drama.

“Diageo was also caught up on Friday by a sell-off for the broader drinks sector after China launched an ‘anti-dumping’ investigation into brandy from the European Union. 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. Remy Cointreau fell 7%, taking its shares to their lowest level since May 2020, while Pernod Ricard dropped 4%.

“This represents yet another point of tension between China and the West and suggests geopolitical developments could be a key worry point for markets in 2024.”

[jubberjim] 05/1/2024 19:11

Thanks very much
Gateside and Toggle rush

Have a good weekend

[gateside] 05/1/2024 06:28

Interim Results due on 30th January

[jubberjim] 05/1/2024 06:12

We have had a trading update I think

When are we due to get the results Full Year and Half Year

Also Ex dividend dates and Payment dates

Appreciate any help

Thanks

[philanderer] 21/12/2023 00:07

MARKET REPORT: Diageo boss under fire after profits bombshell