Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hi Mandrill, you've stated nearer £3 on two occasions now? What figure do you mean exactly? £30/£31/£32/£33???
The charts I've looked at say otherwise.
short term chart would indicate a possible buy now but long term view says wait till nearer £3
Can't see that happening. This'll bounce off £32. The sell off from last week is all done & dusted, the strike has been resolved and we are now in the final quarter - historically Diageo's strongest (for obvious reasons!).
Very nearly. Am waiting for nearer £3.
Buying opportunity?
and rise in value of sterling knocks export stocks like Diageo
Workers threatening strike
Profit taking I guess.
Decent and promising set of results, why the drop in SP?
Great company/brands but terrible valuation at current levels. I know sterling is weak and the company has been buying back shares but I think one negative development could see the bubble being pricked here and a big gap down. I will buy dips in this share but I see much more downside risk at this valuation than potential upside gain.
One to watch for sure but can't see this going up by much more. Ag Barr down 28% today shows what can happen to drinks companies that receive negative news when valuations are high.
Diageo has agreed the sale of nineteen brands in an agreement with Sazerac for an aggregate consideration of $550 million. The net proceeds of approximately £340 million, after tax and transaction costs, will be returned to shareholders through a share repurchase following completion, which will be incremental to the previously announced programme of up to £2bn. The transaction, which is subject to regulatory approval, is expected to complete early in 2019.
Interesting comment with that is that Diageo are focussing more on Premium brands in the US.
I Was looking to but on weakness earlier in the month!
Another brilliant set of results announced today.
Up another 27p today. Class share. £30+ soon
July 18th
Broker Forecast - Goldman Sachs issues a broker note on Diageo PLC
Goldman Sachs today upgrades its investment rating on Diageo PLC (LON:DGE) to buy (from neutral) and raised its price target to 3160p (from 2667p).
Let’s see where inflation and the 3 interest rate rises this year in USA takes us, we could possibly see a wobble back 15% in equities by years end. Take 2300-2400p as a watch area over the next 12mths. DGE is expected grow ePS to 160p for 2018.
Judging by the warning signs on smoking, we have nothing to fear about the warnings on drink. We have to find some way to shorten our existence. My recent experience is that drinkers last longer, only non. drinkers die early.
i would suggest we are near the bottom for the time being, 2700 coming back, only my opinion of course.
DGE trades at a large premium at present, I’d wait for 2400-2500p area on buying any/more.
Calls for graphic warnings on alcohol sold in UK Fri, 26th Jan 2018 13:02 (ShareCast News) - Bottles and cans of alcohol sold in the UK should be covered with graphic cigarette-style health warnings to highlight the risks of exceeding the recommended limit, the Royal Society for Public Health has demanded. The public health body said on Friday that a very few people were aware of the new UK alcohol limit set by chief medical officer Dame Sally Davies of 14 units per week for both males and females, and accused alcohol industry lobbyists the Portman Group of endangering the public by dropping its recommendation of including warning labels to companies after the weekly limit for men was revised down from 21. The RSPH called for mandatory warnings of the 14 units per week on all drink labels sold in the UK, potentially including confronting images of alcohol-related diseases like bowel cancer, as well as a clear drink-drive warning and a calorie count. Shirley Cramer, chief executive of the RSPH, said, "Having a drink with friends or family is something many of us enjoy. However, the potential health consequences of alcohol consumption are more serious than many people realise." "If and when people choose to drink, they have the right to do so with full knowledge of both what their drink contains and the effects it could have. Consumer health information and warnings are now mandatory and readily available on most products from tobacco to food and soft drinks, but alcohol continues to lag behind. If we are to raise awareness and reduce alcohol harm, this must change," she added.
Back to 2700 in the next few weeks
There was talk in 2015 when shares where around £18 but nothing since... http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11656325/Brazils-richest-man-mulling-bid-for-Diageo.html
The last time I was in this share, selling at �11, there was talk about 3 billionaires buying this company. Seemingly they chickened out and boy, what a mistake did they make! I just wonder if they are still interested. May somebody has some up-to-date info?
What's happened to all the msgs since July ? Weird..! Anyway, so tempted to buy more here...
Hit 26.00. Going strong. Cheers
Yes in certainly not complaining. Hiwever most of any increase is down to currency movements.