Diageo Share Discussion Threads

[disc0dave46] 02/2/2024 08:58

Very much doubt this will see 24 now, but who knows.Looks more likely breaking out and a slow recovery back.

[jubberjim] 02/2/2024 07:24

Don t think will be getting involved here before end of this month as and when the dividends from elsewhere are safely stashed

Caveat 2400 level is my target entry point but again will have to divest elsewhere to safely? Invest

Is a quandary but a good one to have

Time is on my side ?????

[redartbmud] 01/2/2024 11:56

Bit north of current 2008 - 2881 at present.
happy to be 'neutral' at 3150.

Hoping from Hull.

red

[philanderer] 01/2/2024 11:36

Goldman Sachs cuts Diageo price target to 3,150 (3,700) pence - 'neutral'

[philanderer] 01/2/2024 11:25

'Diageo announces new Smirnoff expression'

31-Jan-2024

This week's round-up features new products from Smirnoff, Greene King, Thornbridge Brewery, Absolut and more.

[mcunliffe1] 01/2/2024 11:00

thanks waldron.

[waldron] 01/2/2024 08:04

Latest Dividends

Summary Previous dividend Next dividend

Status Paid Declared

Type Final Interim

Per share 49.17p 31.842p (40.5c)

Declaration date 01 Aug 2023 (Tue) 30 Jan 2024 (Tue)

Ex-div date 24 Aug 2023 (Thu) 29 Feb 2024 (Thu)

Pay date 12 Oct 2023 (Thu) 17 Apr 2024 (Wed)

[mcunliffe1] 31/1/2024 11:50

Why buoycat?

The Caribbean is not part of the EU and that's where DGE's problem originated.

How could our continued membership of the EU 'help' in finding solutions?

[buoycat] 31/1/2024 11:24

Brexit may not be the cause but it sure doesn't make solutions easier. It's like the UK now has one arm tied behind her back.

[anhar] 31/1/2024 10:42

That's good news for short term traders Phil. A strongly negative broker consensus like this can mean the price is likely to rise though it matters little to me as a long term hold income investor. As I said earlier, yield is way too low to persuade me to increase my holding.

[philanderer] 31/1/2024 09:56

Jefferies cuts Diageo price target to 2,900 (3,000) pence - 'hold'

JPMorgan cuts Diageo price target to 3,200 (3,500) pence - 'neutral'

Barclays cuts Diageo price target to 3,550 (3,730) pence - 'overweight'

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

UBS cuts Diageo price target to 2,600 (2,650) pence - 'sell'

[philanderer] 31/1/2024 00:06

Guinness sales surge among young women as drink shakes off ‘rugby lad’ image

[philanderer] 31/1/2024 00:00

Diageo boss under pressure as sales and profits slide...but British drinkers show no signs of cutting down


Aarin Chiekrie, an equity analyst at investment platform Hargreaves Lansdown, said the outlook for profits for the rest of this year ‘remains murky’.

He added: ‘The medium-term looks slightly brighter, but improvements in the Latin American and Caribbean market will be key and to a large extent that’s outside of Diageo’s control.’

Richard Hunter, head of markets at Interactive Investor, added: ‘All is certainly not lost at Diageo, but the performance in Latin America and the Caribbean has left a bitter taste in the mouth, from which it may take some time to recover.’

Crew started her career as a military intelligence officer in the US army, before working at consumer titans such as Pepsico, Kraft Foods, Nestle and Mars.

[philanderer] 30/1/2024 23:56

'EXPERT VIEWS'

‘Despite the enduring quality of the business, there is no getting away from the fact that these latest numbers are not good from Diageo’, commented Quilter Cheviot research head Chris Beckett.

‘Much of the figures out this morning reiterate what was said at its profit warning in November, with sales falling a little further than expected. Latin America continues to be the problem as it struggles to sell its higher end products in that market, while the US is also seeing weakness in the vodka and rum sectors.’

Russ Mould, investment director at AJ Bell, put the Diageo results into context: ‘We’ve already seen in other parts of the luxury market that the wealthy are not immune from a higher cost of living and higher interest rates. Therefore, Diageo needs to be more creative with how it convinces consumers to buy its products. Plans to offer smaller pack sizes of Casamigos, for example, don’t seem innovative enough.

“Work needs to be done in the marketing department to get everyone talking about certain brands, just like it did in 1999 with the iconic surfers and horses advert for Guinness.’


sharesmagazine.co.uk

[jubberjim] 30/1/2024 17:56

I was anticipating another blood bath this morning

Never mind there is always tomorrow or the next day etc....


Still considerable risk to downside for me so sadly will leave alone for now

Good luck holders

[philanderer] 30/1/2024 16:55

Diageo: We will not pursue ‘short-term’ market share growth at expense of brand equity

[essentialinvestor] 30/1/2024 14:37

I've sold a few with the hope of buying back lower down.
Whether it works out like that ..etc


A poster mentioned 10% down on the day before today's open,
that a No!!.

[mcunliffe1] 30/1/2024 14:34

careful: I don't believe it's Brexit that is causing the exodus from London. I believe it is general government policy and the acts of previous pension regulators.

It's just easier to blame Brexit.

[disc0dave46] 30/1/2024 14:31

Their presentation gives some very usefuldata, particularly in terms of volumes and price mix etc. The benefit of decent gross margins (okay ignore LAC which IMO will return)Https://media.diageo.com/diageo-corporate-media/media/ro5n45jm/f24-interim-results-presentation.pdf

[disc0dave46] 30/1/2024 14:14

Hi EILooks like it's been more than priced in.Tongue in cheek but Berkshire have £126bn (two Diageo's!) spare cash, UK stocks generally are being picked up left right and center.

[careful] 30/1/2024 14:13

So they announce at about midday that from Jul 2023 they will effectively be reporting in US dollars.
More relevant to this company.

The market seems to like this, the share price has turned around dramatically.

Yet another nail in the coffin of once mighty UK economy.
We are too small and insignificant to matter, no one invests here, no surprise companies are listing elsewhere.

At least pre Brexit we were the Worlds dominant financial centre linked as we were to the Worlds largest market, the EU.
Brexit is turning out to be a slow car crash.

[edwardt] 30/1/2024 14:04

go with the flow - someone wants them badly

[essentialinvestor] 30/1/2024 13:44

A much more generous reaction than I expected tbf - I suppose a lot of bad news already in the price?.

[redartbmud] 30/1/2024 13:32

I'm a fool, selling at £27.90 & change.
At least I took a trade on today's purchase.
Still good value at £28 - £28.50 in a hurricane.

red

[richie1218] 30/1/2024 13:21

Have we got some takeover rumours circling ??