Diageo Share Discussion Threads

[betman] 28/10/2009 10:42

hi gnawe
could you explain your rationale for your view, it actually seems quite bizarre
especially with market looking so weak now

[gnawe] 27/10/2009 18:58

This will break upwards in the next 3-4 days.Target 1010

[bikeaholic] 20/10/2009 11:51

Is that a double top I see before me.................hope not - I didn't much like the outcome of the last one at the beginning of the year.

[miata] 14/10/2009 11:52

Buy on weakness.

[careful] 18/9/2009 13:46

thanks for info.
i sold some today.

[vkx] 18/9/2009 12:23

ex-div was 9/9/9. Div was 22.20p. Is paid on 19/10/9

[careful] 18/9/2009 12:17

when is the ex divi date.?
wading through this huge balance sheet it is hard to find.
what is the divi, what is the ex divi date, how much.?

that is the most important information, but a huge volume longer than War and Peace hides this info.

[broadwood] 17/9/2009 15:06

Pulling back some recent lost ground today.

[vkx] 08/9/2009 09:50

Still early, but thought the share price would have been positive today - doesn't it go ex-div tomorrow with a 22.20p dividend? (pretty close to 2.5% on the current SP).

[wad collector] 01/9/2009 12:54

Low single digit growth sounds acceptable to me.I will be happy to accept the share price doing that..

[grupo guitarlumber] 27/8/2009 08:32

Diageo Fiscal Year Operating Profit +4%, Sees Challenging 2010





By Michael Carolan
Of DOW JONES NEWSWIRES

LONDON -(Dow Jones)- Global drinks giant Diageo PLC (DEO) Thursday posted a 4% rise in full-year organic profit and said the coming year would be challenging, with profit expected to grow no more than the low single digits.

The maker of Johnnie Walker scotch, Guinness stout and Smirnoff vodka said that net profit in the year to June 30 grew to GBP1.62 billion from GBP1.52 billion, as sales rose 15% to GBP9.31 billion. Stripping out the effect of acquisitions and the weak U.K. currency, sales growth was flat in the year, slightly below market expectations.

Operating profit was GBP2.61 billion, up 4% on the year, in line with market expectations.

Diageo - the world's biggest alcoholic-drinks producer by volume - said that while the global economy appears to be stabilizing, there is uncertainty as to the sustainability of the recovery and the coming year will be challenging.

"That being recognized, we expect to deliver low single digit organic operating profit growth in fiscal 2010."

The 4% operating profit growth in the year to end-June compares with a target of between 4% and 6% for the current year and a 9% growth rate in the year to end-June 2008. Diageo had planned for growth of between 7% and 9% until the global recession and the destocking of inventories by customers forced it to cut targets in February.

In common with rivals such as Pernod Ricard SA (RI.FR), Diageo's sales were hit in the second half of the year by destocking of its products by its U.S. spirits and wine distributors. The company's flat core sales for the year, compares with a 7% drop in the third quarter and a 3% rise in the first half.

With most of its sales generated outside the U.K., however, Diageo has benefitted from sterling's weakness against major currencies during the year.

Last month the company extended its GBP100 million cost-savings program announced in February to GBP120 million and said 900 jobs would be cut in Scotland as it rationalizes its Scotch Whisky production.

The cost-savings program was launched in reaction to reduced worldwide volumes as the global recession hit demand for its products.

The company's shares closed Wednesday at 996 pence - a similar level to a year ago, having recovered losses since March on hopes of a swift recovery in the global drinks industry.

Diageo trades in over 180 markets and also makes Ketel One vodka, Gordon's Gin and Blossom Hill wines.

Company Web site:

-By Michael Carolan, Dow Jones Newswires; 44-20-7842-9278; [e-mail]

[broadwood] 26/8/2009 16:31

Can it hold a tenner in the auction - and build on that tomorrow?

[broadwood] 26/8/2009 08:53

Heavyweight Broker rec giving us a nice bump today. Results tomorrow.

[wad collector] 26/8/2009 08:47

Looks like imminently going to pass the tenner.Suspect might retrace a bit in next few days, but happy to hold.

[lochgarman] 21/8/2009 20:27

nice long term uptrend too and break out too :-)

[broadwood] 21/8/2009 13:34

Nice upgrade this morning.

[alitak] 19/8/2009 12:45

Amazing how Diageo has disappeared from all their usual advertising slots, no more amazing adverts on TV, a few ad agencies have got to be hurting, and perhaps DGE as the need to cut costs, ('at all costs', sic!) prevails.

[wad collector] 21/7/2009 17:17

Hurray , £9 breached - creeping reassuringly back towards a tenner.Happy to hold.

[tricky1992000] 03/7/2009 20:21

03-Jul-09 Diageo DGE Goldman Sachs Buy 900.00p 1,191.00p - Reiteration

[ed the business] 30/6/2009 21:29

Yes I know this industry very well from the inside

[madoff with cash] 30/6/2009 21:06

ed, you're here too. i'm not pessimistic about the distiller though. would buy this instead of barc.

[betman] 29/6/2009 15:23

Year end tomorrow , lets hope they made their cash and profits targets. Lots of good broker targets > 1050p

[ed the business] 27/6/2009 09:37

Intriguing.