Diageo Share Discussion Threads

[billy two cocks] 26/1/2024 14:34

Good luck jubber.

[richie1218] 26/1/2024 13:23

Diageo in high spirits after LVMH, Remy Cointreau updates
26 Jan 2024

Diageo PLC (LSE:DGE) on Friday led the FTSE 100 risers after investors took heart from results from LVMH and Remy Cointreau.

LVMH’s Wines & Spirits business delivered organic sales growth in the fourth quarter after declining in the two previous quarters.

Bank of America described the performance from the division as “the biggest positive surprise” in the quarter with 4% revenue growth after two quarters of >20% declines.

The bank noted management stated the "worst of cognac demand behind us".

Meanwhile, shares in Remy Cointreau surged 13% after it posted a slightly smaller-than-expected decline in third quarter sales.

Russ Mould at AJ Bell said investors had taken “comfort from LVMH’s results, as well as some green shoots in Remy Cointreau’s results, that the luxury sector isn’t completely broken.”

He noted Diageo recently warned about a drop in Latin American drinking which led investors to speculate that demand for expensive spirits might be waning.

But he pointed out LVMH’s latest update struck a confident tone, giving a lift to luxury-related stocks.

“Also helping to drive the sector was Remy Cointreau’s latest figures which showed a quarter-on-quarter improvement in the Americas, a region that has been awash with promotions and retailers/wholesalers running down existing stocks,” he added.

“It seems the sector could go through a phase where investors are rewarding companies that say things are not as bad as feared, rather than saying everything is going well.”

Shares in Diageo, which owns Johnnie Walker are up 4.0%

[disc0dave46] 26/1/2024 10:44

Didn't realise that Buffett holds these. With all that cash he has on the books!.

[smcni1968] 26/1/2024 09:48

Remy Cointreau up 11% today after results

[giltedge1] 26/1/2024 09:29

One of the better stocks on LSE a Buffet bargain at £27. Strong brands, demand unchanged from price rises, most consumers, buy a few bottles a year, Johnny Walker, Gordon's gin, Smirnoff, Capt Morgan etc. Guiness now no. 1 lager uk.

[philanderer] 26/1/2024 00:03

Diageo: launches dedicated innovation team


HTTP;S://www.marketscreener.com/quote/stock/DIAGEO-PLC-4000514/news/Diageo-launches-dedicated-innovation-team-45814763/

[billy two cocks] 25/1/2024 10:29

Sounds like a wise move jubber.

[waldron] 25/1/2024 08:13

Analysts' Consensus

Mean consensus
HOLD

Number of Analysts
24

Last Close Price
27 GBP

Average target price
32.05 GBP
Spread / Average Target
+18.71%

High Price Target
41.3 GBP
Spread / Highest target
+52.99%

Low Price Target
23.8 GBP
Spread / Lowest Target
-11.84%

[waldron] 25/1/2024 08:07

If support at 2685p accepted one might soon expect an up trend next week especially if the analysts start to
agree on outlook

[waldron] 25/1/2024 08:05

DIAGEO : Jefferies reiterates its Neutral rating
January 24, 2024 at 11:08 am

Jefferies analyst Edward Mundy maintains his Neutral opinion on the stock. The target price remains unchanged at GBX 3000.

[billy two cocks] 24/1/2024 14:43

If the next update is a stinker, then my original £25 opinion will be very generous.

We shall see.

[redartbmud] 24/1/2024 13:32

Pub groups are reporting trading up since the last Rns. Does that read across to the likes of DGE?
Disappointing the share price is below £28. That isn't a bad number for now, and maybe +50p more.
I would settle for that in the short-term.

red

[essentialinvestor] 24/1/2024 13:24

Well to be fair to Billy he mentioned £25 when this was around £34!.

[jubberjim] 21/1/2024 11:20

The fall in retail sales gives me pause for thought

Will hang on in there for now but will think very long and hard before investing anymore in here.
Holding onto available funds is my main goal at the moment so at first inkling of a profit will look to take cover elsewhere

Premium products will come under further pressure as events in the middle east continue to dominate the news

Take cover and hold only

[richie1218] 19/1/2024 20:57

good for the buyback though imo

[billy two cocks] 19/1/2024 20:53

Fat and lazy.

Market share is being attacked.

[essentialinvestor] 19/1/2024 15:55

SP shouting snother disappointing outlook on in the way - does not mean the market has that right, etc.

[giltedge1] 19/1/2024 15:25

Looks good value at 2,700 100 year+ history, strong brands,now 3% yield + growth. More buybacks on the way.