We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
IMO DGE is still overpriced. I won't be buying until the SP falls to below £32 which can't be far off now.
TODAY'S NEWS:
UK retail sales rose in April driven by strong food store sales, in particular ALCOHOL and tobacco.
Comes as no surprise to me, given the stress people are feeling.
Sop now DGE is borrowing money by issuing bonds at the same time as buying back shares. Is this a way of boosting the share price? Terry Smith once said that he was wary of companies that buy back shares as it showed that they hadn't got a plan to use the cash to expand the business. I seem to recall that Tesco did this a few years ago and got into difficulties.
Share buybacks always seem a bit illogical to me. I know the theory behind it but when you announce that you are doing a buyback programme then it is bound to increase the share price and hence reduce the number of shares that you can buy back. Sounds like a value destruction strategy
Spoke (just) too soon I think, seems 3900 is a resistance level.
Surely the share purchase scheme has to increase share value at some stage though.
Even better to see it back above £39, decent recovery.
After dropping into the mid £33 territory a week or two ago it was a relief to see the SP back above £37. I just wish I had the cash to buy at the lows! But still relieved nonetheless!
They will lose the business in Russia and Ukraine but they will gain market share here as people shun Russian vodka. I suppose people may have less available income as inflation hits but entertaining will still be up on COVID times I would imagine.
Diageo said it had paused exports to Ukraine and Russia, as the war continues. We can only guess what size the market is for selling Vodka to Russians. I've no idea.
Bought some in a lower risk portfolio today. Sell off looks over done but we will see.
Good timing there!
Continue to drip buy.
gla
Added another position........ drip buys this morning.
gla
The Diageo SP had a really good run in 2021, justifiably based on strong recovery. However, it perhaps got ahead of itself and is now trading above its recent historic average earnings multiple, at a time when consumers purchasing power is likely to be eroded by high inflation. Still a good long-term hold, but can see this trading sideways or slightly dipping for a period.
There doesn’t appear to be much love for Diageo at the moment. Slightly surprised given the solid H1 results. In addition I thought it would get some additional support for being a defensive stock. Down 2% today. Ex div next week.
I bought some more DGE yesterday and then saw this Sushma message. I queried it with Interactive Investor and they said that it was a glitch on their system and not to worry.
Does anyone understand why this company seems to have changed its name to Sushma Geo Corp?
Idiot question but I’m trying to understand what DGEAF means? From googling it appears to be an OTC trade (over the counter) but I’m still confused.
I can see the DGEAF price increased 3% today (Saturday) so is it an after hour price? Is it an accurate indication of the price before the next stock exchange open?
Don't why we had to wait a couple of hours for the post RNS rise. Bit of a delayed reaction.
Hopefully, this will move back up towards £40.00 pretty quickly now.
Well. I thought it was pretty damn good nut the price is slipping....
Tap on the share trades icon above and all will become clear
Can any body please explain what this means.........
12-Jan-22 16:45:57 3,793.899 28,578 Unknown* 1m O
12-Jan-22 16:45:55 3,797.233 5,701 Unknown* 216.48k O
12-Jan-22 16:45:32 3,779.013 12,681 Unknown* 479.22k O
12-Jan-22 16:45:31 3,806.807 6,632 Unknown* 252.47k
Will take your advice. shares in Diageo would also be good for those in the 30 years age range. The number one share i confidently leave to my family.
I've been astonished by the brilliant taste of this non-alcoholic beverage which tastes astonishingly like the real thing - I feel sure it will prove to be a mega success story, especially at a time when the Under 30 year age group are drinking significantly less alcohol than previously and it's also ideal for those drivers ferrying their imbibing friends to the pub, restaurant, etc having to content themselves with a miserable glass or two of bitter lemon or diet coke throughout the evening. Without any duty to pay, it's also cheaper than its cousin with the supermarkets currently charging around £4 for 4 x 440ml cans, i.e. £1 per can. For those who haven't already done so, do give it a try ... you're sure to be impressed. This surely has potentially massive profit implications for brand owner Diageo.