Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Early drop gives time for top up!
Agree, bought a chunk today. Was tempted when I saw all the empty glass drinks bottles piled high, ready for collection, outside people's homes after the start of lockdown. Better late than never!
I've had a small investment here. I notice it was an investors chronicle tip in April.
£2.5 billion through bond offering
Yes pay dividend but not much. Will be better value in the recession-keep,fingers crossed?
good news to see dividend pay out
not good news for shorters at covid 19 testing kit producer ncyt released a good rns close to end of trading
be interesting to watch some of them buying back in if a good rise with share price seen there
hoping more good news here soon again
Diageo doles out interim dividend payment but stops share buyback for 2020.
Nice to hear Diageo are donating 2m litres of alcohol towards production of hand gel sanitisers for the NHS.
If they made 62% + vodka, that would do.
Making hand sanitizer yet?
These will soon be £15 a share!
agree i dont like share buy backs, you see some companies buy shares back then award directors lots of free shares that way the pi's get no benifit what so ever. any shares bought back should be totally cancelled and not held in kitty and any director should have to pay full asking price for the shares they purchase out of their massive salarys. not sure what the policy is here but you see it happen else where
SP dn 4.4% since results. Back to Feb 2019 levels. With economies slowing and China virus impact I reckon the Bears will take this down to £28. Wish they'd hike the divvi rather than all these buybacks.
Looking at Britishbulls (thanks for the link) they may be on the turn upwards?
I too am willing this to go below £30 since it is expensive. That of course means it never will.
https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=DGE.L
Tend to agree re last post although £29 seems more like fair value to me.
Hopefully will dip so I can buy some and then rise in Santa Rally. If we get one.
Theory is: as leverage has increased the bond issue tells of a need to raise money. Profitably growth remains steady if modest though.
The P/E is also a tad high, but this is a premium company.
Around October has been a bad month in the past in terms of market volatility.
Think your £32-ish view is probably about right but something tells me things gonna get choppy affecting sentiment and hence sp.
Hi Mandrill, why on earth would the bond issue dent confidence??????? In all due respect, I'm not quite sure you understand the concept as to why the bonds are being issued. There is a HUGE demand from investors for bonds worldwide, with the FT reporting that a worldwide rally of bond issuance is now reaching, approximately, $16tn !!!! In Sept. alone (just to name a few), Apple have issued $7bn worth of bonds, Disney $7bn, Berkshire Hathaway (that of Warren Buffet!!) issued bonds in Japan, Wirecard c.$500m.
In regards to your statement "historically bad things happen" in October - I thought I'd take a look a the ACTUAL figures:
Diageo:
2014
1st Oct: 1760
31st Oct: 1838
UP by over £1
2015:
1st Oct: 1782
31st Oct: 1878.50
UP by just under £1
2016:
3rd Oct: 2245
31st Oct: 2179
Down by 66p
2017:
1st Oct: 2466
31st Oct: 2572
UP by over £1
2018
1st Oct: 2748
31st Oct: 2727
Down by 21p
The facts simply don't stack up against your statements.
As this started to turn positive I thought I'd missed the upturn, but wonder if the bond issue has dented confidence? Still minded to wait until well into October when historically bad things happen.
All the best with whatever strategy you adopt.
Whilst tempted, think I'll wait for the inevitable Oct assault on stock markets...
....lol...then I would kindly ask that you don't top up here...no one wants to see a 10% drop...lol..You'll need to make your own call on that, IF and it's a BIG IF, it does drop to £30, then clearly a great buying opportunity, but I as I've mentioned in previous posts, the big sell off (instigated by Societe Generale) has had the desired effect end of the previous week...two late £63m buys after hours yesterday signals a change in direction for me. Please do not take this as advice and as always, DYOR etc etc....
Good luck with whatever strategy you opt for.
All the best
Skibba
Yes.
Although there are better capital appreciation or dividend opportunities elsewhere, can't go far wrong long term with DGE short of a ww ban on alcohol. It's just annoying to top up and then see a c.10% drop which I'm sure will happen if I add at the the current price (of £32.50). Cue a bounce which which will also annoy me. Investing seems like one of those close up magic tricks where no matter what you choose it'll be wrong. It never seems to be 50:50.
You do realise this is £30+ per share and not a £3 share...lol!