Diageo Share Discussion Threads

[growthpotential] 15/5/2024 20:40

Surely this will have a fantastic day tomorrow

[billy two cocks] 15/5/2024 20:05

It's going to take a lot of Guinness Zero to turn this around.

DGE has lost it's fizz.

[deanforester] 14/5/2024 19:36

I was in Nigeria back in the 1970s. The reason that Guinness did so well was that they were saying "There's a baby in every bottle". Demand for glass bottles was high.

[srichardson8] 14/5/2024 13:21

A number of people - well men - that I know are drinking Guinness Zero. A friend who runs a British Legion twice a week tells me it is currently not possible to get more than a crate a week, which goes quickly, but that the company plans to start shipping in barrels. I like it myself so that helps my general sentiment, as did the comments by the Weatherspoons man. I also heard or read that Nigeria likes Guinness and I know the population there is 270mn and growing.
So I looked at the share and listened to the most recent video presentation by the CEO. I thught it was amongst the best I have seen, demonstrating her grip on the business in its entirety and a clear strategy. World leaders in Scotch, gin, tequila and vodka if I remember correctly. The stock has been as high as £40 though at the current c£29 is down 25% over a year, there is a pretty big net debt position and earnings estimates are dull.But I like the returns, especially RoCE, the brands seem strong, it is a £60bn market cap, reasonably large, and the CEO and Guinness Zero pushed me into the buying mood. I know some may not like investing in a liquor company but it seems a reasonably good investment to me. Let's see.

[disc0dave46] 08/5/2024 08:09

Hope all is well chap.

[mcunliffe1] 08/5/2024 08:05

And by ladies dave.

[disc0dave46] 08/5/2024 07:57

Interesting comment from Tim Martin in JDW's results today:"The gods of fashion have smiled upon Guinness, previously consumed by blokes my age, but now widely adopted by younger generations"

[action] 05/5/2024 09:26

Risk reward ratio in buyer's favour

[philanderer] 03/5/2024 07:13

The Times, Tempus column, Diageo HOLD

[suetballs] 03/5/2024 07:01

Will the new FD help to get this moving again.
Looking very soggy to me.
suet

[redartbmud] 01/5/2024 16:41

phil

A bit of room for a share price re-rate there!
I took an extreme view and more than doubled my holding in Dge not so long ago. Since then the share price has been somewhat volatile. It currently sits 15p/share below the cost of the last buy. It has also been close to £1/share above.

Overweight is one thing, but a 30%+ hike is a bit of a stretch in current markets.
I would be more than happy should it occur, but I very much doubt that I can hold my breath that long.

red

[philanderer] 01/5/2024 16:11

In a few years time maybe..


Barclays raises Diageo price target to 3,640 (3,550) pence - 'overweight

[jubberjim] 29/4/2024 06:07

Guinness zero

Getting some good feedback

Not enough to entice me back from BAT greedy dividend chaser that I am but looking interesting

[wsm812] 26/4/2024 08:41

"It is very concerning for the future of the FT 100 if it can’t reward its global stocks."

Whose words are these?

How exactly can the FTSE reward it's global stocks? It is us holders who determine whether the share price represents a valuable buy or not - the same holders who rewarded Schwimmers's pay increase to £13m! He will have to work to achieve this massive pay increase, as it is based on results.

The company is not doing well enough to be rated any higher at the moment. They have failed to stem losses in key markets, failed to catch the new Gen Z market and need to radically adapt to survive.

Time for a take over of some sort - either of Diageo or of another leading brand.

[mcunliffe1] 26/4/2024 08:20

Good info. there 888ICB - thankyou.

Take the point about LSE. Pity is, shareholders didn't and doubled David Schwimmer's salary to a staggering £13m

[888icb] 25/4/2024 18:20

The Times today:
“ London's big firms
'could double valuations with New York switch'
Analysis by AJ Bell suggests that Shell, Diageo and British American Tobacco would see their market capitalisations jump
Emma Powell
Thursday April 25 2024, 12.01am, The Times
Some of London's largest listed companies could see their valuations as much as double by moving to New York, according to a new analysis, underscoring the appeal for companies considering switching their listings away from the UK.
Shell, Diage and British American Tobacco could see their market capitalisations jump if their shares were priced based on the same earnings multiples as their New York-listed peers, AJ Bell, the funds platform, has found.
…. For Diageo, the drinks group behind brands including Guinness and Johnnie Walker, the upside could be around a quarter, from £63.5 billion to £84.6 billion”
I imagine with USA being such a major market for Diageo it will become an increasingly tempting option. LSE is not giving Diageo the share price it deserves despite the FT reaching all time highs. It is very concerning for the future of the FT 100 if it can’t reward its global stocks.

[jubberjim] 25/4/2024 15:47

was very tempted but the nicotine urge proved stronger than the thirst

Added a few more BATS but watching and will look to start here if we head towards 2650 level as my buy level

Has the buyback finished for time being ?

Reading a few comments that this is the case but I have been wrong before.

[sakernwd] 18/4/2024 17:58

Value stock

[philanderer] 18/4/2024 10:23

Bernstein raises Diageo price target to 3,600 (3,440) pence - 'outperform'

[philanderer] 17/4/2024 23:13

or maybe not..


'MARKET REPORT: Luxury stocks sparkle as LVMH sales soothe fears'

[philanderer] 17/4/2024 23:05

Diageo can draw little comfort from LVMH numbers, suggests bank


Diageo can take little comfort from LVMH’s trading update, according to UBS.

"Overall, we think the topline results are a negative read-across for the European Spirits stocks," said the Swiss bank.

LVMH noted in the US depletion and sell-out were flat in the first quarter as the category is 'stabilising’

In China, Jan-Feb sell-out trends were down double-digits (sell-in worse than sellout), with the off-trade performing much worse than the on-trade, while Duty Free saw a significant uptick (increased outbound tourism to Japan).

For Diageo, which has a 34% stake in Moet Hennessy (the MH part) that makes up around 10% of earnings, there is a risk of second-half associate income from weak first-quarter sales and negative foreign currency headwinds.

Champagne sales, a key of the Moet Hennesey group, had a tough quarter as sales retreated after a post-Covid boom.

LVMH said wine and spirit sales fell 16% to €1.4bn (£1.2bn) due to lower champagne shipments while Hennessy cognac saw US demand slip again.


proactiveinvestors.co.uk

[philanderer] 17/4/2024 07:48

Maybe a blue day ? At least the dividend has been paid into my ii account this morning.