Diageo Share Discussion Threads

[1nf3rn0] 01/8/2023 09:09

Only skimmed the results before open. Wondered if the market would mark them down for the YoY FCF reduction (driven by YoY AP), but looks like markets are looking past that, possibly its seen as one-off

[jonwig] 01/8/2023 08:22

EDIT - have bought a few.

[jonwig] 01/8/2023 08:13

FT -

Diageo narrowly beat sales expectations in the year to June on the back of higher prices and consumers buying more expensive spirits. The maker of Johnnie Walker reported net sales of £17.1bn, with organic net sales up 6.5 per cent year-on-year. Premium brands made up 63 per cent of sales, 7 percentage points higher than before the pandemic. Analysts have been watching sales volumes at food and drinks companies for signs that customers are balking at price rises. Diageo reported volumes were down 7.4 per cent year-on-year, and 0.8 per cent on an organic basis, while operating profits were up 5.1 per cent.

I don't hold, but might. I don't see UK duty rises as relevant to global sales, mostly the US.

Is DGE a play on emerging markets growth?

[pugugly] 01/8/2023 07:25

Diageo delivers strong performance while investing in sustainable long-term growth



Delivered strong net sales and operating profit growth within medium-term guidance

- Reported net sales of £17.1 billion, increased 10.7%, primarily reflecting strong organic net sales growth, and favourable impacts from foreign exchange.

- Organic net sales grew 6.5%. Price/mix of 7.3 percentage points reflects a high single-digit contribution from price and premiumisation.

Like the increase in revenue and growth of premium brands.

Awaiting market reaction.

[essentialinvestor] 01/8/2023 01:11

Heineken down nearly 8% on Monday's close.

Sentiment already very bearish on DGE but a
further fall on results would not surprise me as mentioned recently - may be misreading this.

[philanderer] 01/8/2023 00:37

Taxes on wine and spirits rise as alcohol duty overhauled

[disc0dave45] 31/7/2023 11:31

Trot along troll

[blackhorse23] 31/7/2023 11:04

added APH today

[philanderer] 28/7/2023 00:16

Diageo, Full Year Results, Tuesday 1 August

Steve Clayton, head of equity funds, Hargreaves Lansdown:

“These results will be the first results for CEO Debra Crew, who recently stepped up to the role on the passing of Sir Ivan Menezes. Like other consumer goods companies, Diageo has been playing the price/volume game as it seeks to preserve and grow its markets in the face of inflationary pressures. Expect to see revenues growing in low double digits with a low single digit volume decline as the group pushes prices up to offset its own cost increases.

De-stocking, especially in the core US market, is a major swing factor for volumes and analysts will also be looking for reassurance that the group’s premium brands are maintaining their positions. Currencies look to have become a headwind for the year ahead, so watch out for any quantification of the hurdle the group faces here.”

[disc0dave45] 20/7/2023 12:32

Who knows in this market EI.Unlike thamestrader, I've also held for 13 months (bought 10th June 2022) but currently still holding and at a loss of about.......wait for it, £33.....ouch! lol.Bought on the basis it was defensive with pricing power, but looks like the market is now shifting to more cyclical stocks.

[essentialinvestor] 20/7/2023 12:21

Dave, I've seen a TA call looking for 26 GBP, would take something utterly dire
to get there, never say never etc.

[disc0dave45] 20/7/2023 12:11

They've increased the price of a pint by another 4% due to increased input costs.Https://www.breakingnews.ie/ireland/cost-of-a-pint-set-to-rise-further-as-diageo-hikes-prices-1504131.html

[essentialinvestor] 20/7/2023 11:13

Should the FY outlook statement disappoint (1 August) there might have an opportunity
lower down.

[thamestrader] 20/7/2023 11:05

Sold out at 3407p. After 13 months this time around, including dividends and profits on some small intermediate short-term trades, I amassed a profit of (drum roll please) £17.

Daresay I'll be back when I'm thirsty.

[essentialinvestor] 20/7/2023 09:51

Morgan Stanley cuts Diageo to 'underweight' (equal weight) - price target 3,000 (3,700)

Hefty price target cut, well below the current share price.

[essentialinvestor] 19/7/2023 13:22

Good shout. My decision to sell some may not be correct
given wider market strength, let's see.

[1nf3rn0] 19/7/2023 13:18

How do the sayings go?Never sell Shell.Don't let go of Diageo.(I might've made up the 2nd one)

[essentialinvestor] 19/7/2023 12:04

Getting a bit of support, sold a few. Slightly cautious on the reaction to the upcoming FY.

[philanderer] 11/7/2023 10:55

UBS cuts Diageo price target to 3,650 (3,950) pence - 'neutral'

[philanderer] 03/7/2023 13:57

Guinness triples production of zero-alcohol stout amid shifting consumer tastes


Owners Diageo has invested 25m euro in a new facility at its St James’s Gate brewery in Dublin to meet the surging demand for non-alcoholic drinks.

[philanderer] 03/7/2023 10:35

Alcohol duty will be unfrozen on 1 August, with taxation on bottled beers and spirits set to increase by 10%

[philanderer] 02/7/2023 19:34

Diageo-backed paper bottle-maker toasts £20m funding round

[essentialinvestor] 30/6/2023 14:50

1 GBP off recent lows, may have put in at least an interim pre results low?.

[essentialinvestor] 28/6/2023 12:11

Added another few this morning, up to a full position now. Hopefully this
pays off longer term. Short term who knows, can't call that one.

[suetballs] 28/6/2023 08:04

Looks to me that Diddy was a nightmare to do business with - and then pulls the race card.
Good riddance it seems.
Suet