Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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But those whom follow stats would I'm afraid differ with that statement at this time in the cycle.
2024 will be a choppy one, a volatile one for 1st half I believe, maybe similar to that of 2009.
I'm waiting until Feb-March to go shopping DGE, GS & MUT
Diageo highest historic PE - 34.5
Lowest recorded PE - 17.25
Median PE - 32
Buy, top up. Whatever you do don't sell at these low prices. Buffet saw value in Diageo around 3,400.
Be greedy when other are fearful
Train said he was sticking with the stock: "On balance, we do not believe the warning about Latin America invalidates the investment case for Diageo, frustrating though it is."
https://www.investmentweek.co.uk/news/4155876/nick-train-buys-diageo-despite-profit-warning-hit-finsbury-growth-income
It's at a PE of 17. I'd not buy anything above 12, for something in this sector, 8-10. £21 is 200 month MA and VWAP since '90 bottom.
Not a bargain, the RSI levels are not just seen as a SELL, but a VERY STRONG SELL.
wait until January and see where those 👇resistance levels go.
We need to see some changes to businesses in areas affected before it's a BUY.
The downward trend will only be reverted when we have news maybe in Feb?
1st. Support Level 2,771.167
2nd Support Level 2,713.333
3rd Support Level 2,681.667
Though, just reminding you Buffet bought a small stake 1st quarter '23.
Maybe wait to see if he buys more from his $152bn warchest.
Watch and see.
I see March as a bottom in markets. Stocks are trading at expensive PE's.
Tech, especially AI has gone to tropospheric levels, when we have been using A1 for some time.
I have 500 from 2009 and not doubling until another big correction.
Still some to go. will it pass lower as well as we enter 2024?
This share price point must represent a reasonable buying opportunity!
Shareprice is approaching Covid lockdown levels...crazy!
Sunday Times article seems to refute the idea that DGE had access to real time sales data through wholesalers and distributors etc in Caribbean and Latin America.
DGE
CEO & BOD are covering up a black hole!
The world's top spirits maker said last week that sales were set to fall by more than 20% in Latin America and the Caribbean, which makes up around 11% of the company's sales.
Diageo said it had limited visibility into inventory levels among retailers and wholesalers in the region.
Total BS
Diageo buy GFK data which gives every single unit sale from supermarkets to small retail chain outlets.
The data not only gives DGE sales per unit sold but also gives every competitor sale per unit sold.
The data is purchased daily or weekly depending on a companies contract.
Whole Sale distributors including Cash & Carry's give a weekly print out's of inventory to reps.
The rep's have the detailed info, every Friday 8;00pm in their inbox.
DGE are waffling fudge crap............they didn't flag any problems in September update!
gla
Until they answer this question it will continue to drop
Unclear how quickly Diageo can fix problems in Latin America, CEO says
Watch for 2565p for support
Thats odd. Every where else it says price cut from '3,600p to 3,050p' . Just that publication says its cut to '2,550p from 2,750p'
Deutsche Bank broker rating is usually more accurate than others so have sold out at small profit. Can see this going a bit lower now.
In their results in July, Diageo stated cash and cash equivalents of £1,439m. They started an 'up to' $1 billion share buyback, but with the issues they have, that is likely to end or reduce significantly, which means they still have a cash mountain.
With some markets falling back for them, one way to recover some the business would be to acquire more products to sell in the markets that are working well for them.
DIS (Distil PLC) is valued at a paltry £2.91m but has some great products that Diageo could make huge with it's advertising machine.
If Diageo offered, say £10m for DIS, I can't see many DIS shareholders saying no.
Not saying it's going to happen, but it would not surprise me if I looked at the news at 7am one day and saw it had.
Boselecta have a word with the USA they clearly do not have a clue. I think Diageo is on a slight dip and traders overreacted. I bought on the low side and saw trades after USA markets opened took advantage of the stupidy of UK traders here.
Current 'year'.
She said, AGM September 28: 'expectations for the current were unchanged'.
She said, profit warning November 10: 'as soon as team saw this they raised the issue'.
I say, November 10: Sell. Profit warnings, from dodgy management, come in threes.
Adem
“The mentality of the "trader" I find often ensures that they very often miss the "best " / optimal opportunities”
No the mentality of the trader is to buy and sell somewhere in-between trading ranges on a short term basis. It’s about money - now. Technical trading, not trading fundamentals. Active all the time, in the quest to exploit price action.
There are those of us that trade, and those that invest. You need to distinguish between the two.
Toffee
I see the company bottom feeded!
Seriously though, it reminds me of SFOR
And just for clarity, my previous post is not aimed at negatively pointing out other's approach, saying this is right and that is wrong, merely pointing out some styles of wealth creation have vastly different approaches, time horizons and vibes. Horses for courses and all that. What works for one, may not work for the someone else, beat your own path and play your own style of game. May we all grow older and wealthier :)
Exactly this ToffAppleton1 , I had a price on my "Want list" which was 2719, I hit the strike today at 2729.
If, and its a big if, it goes to 25 something then I will double my shares and add, believing intrinsically in the business and the brands & business model, (dare I say moat).
The mentality of the "trader" I find often ensures that they very often miss the "best " / optimal opportunities (entries and exits) as they strive for perfect alignment in the trading philosophy of choice and lines on charts (which arte all lagging indicators to some degree).
Additionally, and perhaps worst still, this mentality turns the, would be trader ,(who cares only for price action, not the company it is attributed to) into a "trade-vestor" as your trades are inevitably always underwater and you either continuously cut your position too early (lose money) and look to make it up on the next perfect support entry for any other stock, or because your time horizons are not practical and have not looked at what the company is in any particular depth, and so fail to understand what is value for any given company.
This superficial view and approach often fails to grasp shares which are "on sale" (and as you state, why place a trade today at 27 when your mind is telling you to wait until tomorrow or next week, next month when it is 25)
All the while Mr Market continues to be irrational, the more relaxed investor style continues to pick up discounted shares, in good , well run and profitable organisations.
If you let the short timeframe Irrationality of the market fade and focus on the bigger picture, it affords a different mentality, not that of the day trader, constantly chasing the perfect trade and thoughts of amassing immediate super wealth and inevitably over trading (IG love these profile people) but build a strategy and be mindful of the longer game, let the market and the desired price come to you. Granted, its not for all, but perhaps it's food for thought.
Brokers might downgrade but remember most are at £30-£60 so no biggie
It's not the time for place strike prices. The market could do just that at anytime. ... Only buy big if that's your game with a 7-8% FTSE drop. It will happen when is anyone's bet, but I'm waiting until March 2024. Graphs show evidence it could well be right.
DGE
GS
MUT
There my big buys.