Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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.
Mick
Closed at £28.50
Den
The problem with bottom feeding is that traders often miss out. Out of all the thousands of trades I’ve done, I’ve only caught bottoms and tops a handful of times.
It’s a crude psychology - some would argue fantasy.
I’m sure if Diageo fell to £25 you would cancel your order and place one for £22 and pontificate your fantasy trade on these boards to let everyone know how smart you are.
in the real world of trading you buy and sell somewhere in between bottoms and tops and make real money.
Do you ever ask yourself why 80 percent of tradets lose?
Because of mentality like your's mostly. A wannabe trader's lifespan is usually a short one (like that of a fly) comprising of hubris, bravado, dumb luck, wipeout, endgame.
That describes 80 percent of people and I'm sure it includes you
Last trade £2848
Brokers will jump on the bandwagon and issue new low forecasts for the future which may push the SP down to 25 quid, which is where I have set my buy order.
£2841 live
It's a baptism of fire for Ms Crew. To be fair, she's only been in post 5 months and it would seem she is a little short of answers ....
Oversold today imho but the CEO is 'exposed!
There has clearly been some mismanagement. Nevertheless, this is a quality company with an enormous distribution network and probably the best selection of alcohol brands in the world. Were DGE listed on NYSE then they would be valued rather differently. Personally I see today as an opportunity to get in cheaply to one of the FTSE100's best companies, and have bought accordingly.
Continued...was cut off
Horejsi first invested in Berkshire in 1980 because he was frustrated by the fierce competition facing his family business, he told Bloomberg in 2013. He promptly bought 300 shares at prices ranging from $265 to $330, and gradually increased his stake to 5,800 shares at its peak, before reducing it to 4,300 shares starting in 1998.
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Berkshire's Class A shares are now worth $522,000 each, valuing Horejsi's remaining shares at $2.2 billion. He disclosed another $350 million of other assets to Bloomberg in 2013, and his family fortune appears to have grown to north of $3 billion since then.
https://markets.businessinsider.com/news/stocks/warren-buffett-forbes-400-stewart-horejsi-berkshire-hathaway-wealth-billionaires-2023-10
Must be the ultimate investment?
Warren Buffett has overseen a more than 4,000,000% increase in the value of Berkshire Hathaway stock since becoming CEO in 1965. One of his early shareholders just made Forbes' annual rundown of the 400 wealthiest Americans, largely because he owns Berkshire stock.
https://www.ft.com/content/24b23a4b-a8f1-40d6-9fa0-f80367dbb703
one of lex’s top tips for rookie bosses: markets should not be encouraged to question your credibility early on. on friday, debra crew, in charge only since june, had to admit that drinks group diageo had an inventory problem in its fastest-growing region, latin america and caribbean (lac). worse, she was not quite sure why. its share price sank quicker than a ****tail cherry, down 15 per cent.
crew might well need a stiff drink for next week. diageo’s chief executive will then debut her strategy to investors. she must explain why inventory levels in the lac region are higher than expected ahead of the important holiday season. net regional sales will now drop a fifth in the interim to december. no hint of problems came through in the august full-year statement.
it was not just analysts who were surprised. crew could not explain why this build-up happened nor even add much detail as to where the hiccups occurred. more than half of its business comes in brazil and mexico. true, the lac region has had a reputation for opacity on inventory data within distribution channels, unlike in north america. yet crew does have experience in the americas with pepsico, so she is hardly an ingénue.
expect discounting to follow. thus, the mark down on sales. operating profits have more than doubled there in the two years to june, expanding faster than sales.
another negative: her medium-term — time period not given — group sales outlook held firm at 5 to 7 per cent. but a vague comment about profit trends gave little comfort and hinted at an erosion of profitability.
diageo may have bottled it, but the shares are getting cheap. assume analysts mark down this year’s net profit estimates by a tenth. that still puts diageo on 18.5 times forward earnings, near a five-year low.
crew’s presentation slides will receive extra scrutiny next week. expectations will remain low at least until the next interim results.
The beginning of the doom...imho
BUFFETT can buy DGE. He has a stake he acquired in January 2023. Only 0.5%!though of his portfolio $780bn.
He has $152bn of free cash for the buying spree built up.
I'd not buy until March 2024. This is a bear rally I believe.
Could be a similar run to that of 08/09?
Mondeoman1946 is back....Yawn.........presses buy button. LOL
Took a while to get to £28 and dropped back in a flash!
£28 now
still recovering
Ironknut -"Visited a Distillery in Scotland, yesterday......"
That shareholder/customer relationship - I'm a LTH of Shell and BP, but fill-up my 12mpg guzzler at Tesco and Sainsbury. However, I do have a small holding of Tesco shares, but virtually never buy groceries there, favouring Aldi, Lidl and Waitrose simply because it's the closest food store to my abode. I've quit drinking now, but previously I never chose Diageo brands. I could go on, but essentially this is a pattern that runs through my portfolio. I like to see others contributing to profits more than I do ;) Interestingly, years ago I held shares in Grand Metropolitan, the forerunner of Diageo, and back then they used to send shareholder benefit vouchers on a regular basis which could be used in their range of restaurants and 'offies'. Very useful for 20 year old.
Anyway, in the context of this thread, I've also topped-up here today.
Mick
I doubt it very much.
Who could afford to buy Diageo?
No one.
Must be a take-over favourite now.
Recovering strongly now...
2780p LIVE
I have to say, I agree with most of the comments on here. DGE had been on my watch list for what seems like forever, managed to bag half my usual allocation (50 units) at 27.29. Let's see what the next few trading seasons hold, but for me, its a long term hold and a good entry price for a quality name.
Diageo ADR across the pond trading in pre-market 135.66 USD -15.19%
RSI @ 30% 139.57 USD ...fair value
gla
Porsche
You’re wrong. The UK index has some world beating, market leaders amongst its components. Companies that make almost all their profits outside post-Brexit Britain.
The problem is they are listed in a cesspit index, that is broken. UK market do not possess the necessary intelligence to value shares. That’s why no new company will list here - because to do so is to put yourself at the mercy of an engine of wealth destruction.
Diageo could easily uproots and re-list anywhere, and its valuation would soar once it got away from toxic Britain’s gravity. The same can be said for most Permabear 100 companies - they would benefit enormously if they were to move away from little de-globalized England. They owe it to their shareholders.