Diageo Share Discussion Threads

[philanderer] 31/8/2023 09:30

Read across from Pernod Ricard's poor numbers today especially related to sales in China.

[essentialinvestor] 29/8/2023 10:06

Would hope we can get back to £34-£36 (wider equity markets allowing).

China slowdown a bit concerning, autumn may be bumpy.

[essentialinvestor] 24/8/2023 10:37

No XD drop?.

[essentialinvestor] 21/8/2023 09:54

XD on Thursday for 49 pence a share.

[billy two cocks] 18/8/2023 09:39

Sub £30 on the way.

Will be buying back in circa £25.

The whole market is going to re-rate.

[anhar] 18/8/2023 09:07

My personal time horizon is forever. Only here for the divis, pay little heed to prices. DGE is just one share in my diversified income port and I consider it an essential holding really, as it's the only big booze business in the UK stock market, a sector in which I want to be.

[nk104] 17/8/2023 14:53

Depends what your time horizon is. My first Diageo was bought in the bad days of October 2008 at the princely price of 849p.

A growing world middle class and premiumisation will continue to work for DGE over the next 15 years.

[essentialinvestor] 15/8/2023 09:09

A 16% hike in one years looks like they are pushing it a bit on consumer loyalty.

6% increase in 2022 so they may have sacrificed some margin last year which they
now want back.

[philanderer] 14/8/2023 18:49

Cost of pints to increase again as Diageo hike prices

[philanderer] 10/8/2023 15:16

Waitrose and Diageo team up to design dedicated areas for low and no alcohol drinks in supermarkets


UK supermarket Waitrose is working with Diageo to introduce ‘bold, dedicated areas’ for low and no alcohol drinks in 253 shops across the UK.

[essentialinvestor] 10/8/2023 09:27

XD in 2 weeks.

[philanderer] 10/8/2023 09:22

Credit Suisse cuts Diageo price target to 3,800 (3,850) pence - 'outperform'

[essentialinvestor] 10/8/2023 08:50

Overdue a better day, around £33 once again a price support area.

[essentialinvestor] 03/8/2023 12:43

Yes that's the case, however it's the tone
of the CEO's comments that I noticed.

DGE rating now significantly lagging it's nearest rating

[makinbuks] 03/8/2023 11:52

Interesting discussion. This is of course an Irish company by birth so UK/US would be largely academic I imagine. When they bought Distillers the MMC conditions included a guarantee to maintain HQ in Edinburgh, long since reneged on. BHP was Australian so no real backlash to that, but Diageo would cause a huge outcry.

Essential, wherever they were listed they would still operate in every worldwide market and seek to lobby local authorities for the most benign conditions so I don't really see a link there

[anhar] 03/8/2023 11:09

Even if they did migrate to the US, they would very likely retain a secondary listing in the UK due to the large number of UK holders. So it wouldn't make much difference to us I'd guess.

I've seen this before, most recently with BHP which became fully Australian listed. But due to the large number of UK investors they retain a secondary listing here so the effect is that it is just as easy to trade the shares as it was before.

It had to drop out of the FTSE100 but I doubt that affects PIs here.

[essentialinvestor] 03/8/2023 10:39

Jon, take a look at the CEO comments directed to HMG on the latest alcohol levy's.

Clearly not happy and stating DGE and industry views ignored. So yes we may be at the beginning stages of an ultimate move to a US primary listing.

[jonwig] 03/8/2023 09:25

There was some speculation yesterday in the FT that the change to reporting in USD might lead to a NY listing and leaving London.

I can't offer much about that, but it looks like it's being dragged along by the dismal market here.

[essentialinvestor] 03/8/2023 08:21

Added a small amount back.

[philanderer] 02/8/2023 12:26

Diageo a steady income growth play, says Hargreaves


Drinks giant Diageo (DGE) has delivered slightly disappointing results, but Hargreaves Lansdown manager Steve Clayton says it is still one of the UK’s most reliable cash generators.

The Citywire Elite Companies A-rated company announced a 10.7% increase in profits in the year to June, but the market had been expecting a little bit more, said Clayton, who holds the owner of Guinness and Johnny Walker in his HL Select UK Income Shares fund, where it makes up 4.9% of the £147m portfolio.

‘Diageo is one of the UK’s most reliable cash generators,’ Clayton said. ‘Its ability to persuade consumers to trade up to premium brands even in challenging markets is well proven.’

Diageo has, like other consumer goods companies, been trading off price increases against volumes over the past year but it has ‘done a pretty good job’.

‘Free cashflow dropped this year, reflecting in part the group’s investment into stocks,’ said Clayton. ‘That should convert into strong cashflows ahead, with strong margins given the prices achievable for aged spirits.’

The group increased its dividend 5% and Clayton believes the ‘prospects for steady income growth from the group look very strong.’


citywire.com

[anhar] 02/8/2023 09:42

It's not that they all say the same thing or they all differ, it's that these conclusions are worthless for investment decisions. I've been investing for many decades and I can say with certainty that you'd lose heavily if you followed this sort of broker advice, even if you could decide which of the often conflicting views to trust.

Back in the days before the Big Bang 13.8bn years ago, I used to pay attention to this but I soon discovered the error of my ways when it too frequently went wrong. Ever since, I've always done my own analysis and consequent decisions as a long term hold income investor. I make mistakes too, like all serious investors, but far fewer than if I acted on broker advice.

So who here cares what any of them say? Even if some funds pay some heed to some brokers, it's of no use to us PIs imo.

[jonwig] 02/8/2023 09:27

anhar - fund managers pay a lot of money for them. It's an analysis not just a conclusion.
They used to get them free if they were clients of the broker, but new rules say no to that.

[toffeeman] 02/8/2023 09:17

What would be the point of more than one broker if they all said the same thing?

Like the clocks on the station platforms

[anhar] 02/8/2023 09:06

What a load of cobblers phil though naturally nobody takes any notice of it.