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A share ATM and the observation of lower highs and lower lows
is valid - it's only a pattern until it isn't..etc.
It's a chunky cut to FY pre tax guidance.
A small amount
BUT, very disappointing to see a lack of BOD buying at these levels?.
If lower levels become available.
Unfortunately completion will be a lengthy process so we may
see more than a few fat % moves in the meantime.
SKG can move very quickly in either direction as we already know
and have seen time and again.
It's the delay on the countermeasures order because of quality checking
that the market took fright at - it appears there is subcontracting
and it's not within their direct control.
Given what happened at Avon Protection recently perhaps the market
is in no mood to give CHG the benefit of any doubt.
This ATM looks a much less significant issue that is hopefully rapidly resolved
and confined to the details provided today.
Yes I've just bought a few back, out early doors and missed
today's low price and the pre open announcement.
I sold a few up to £30, I had not expected the SP to hit £33 recently,
was surprised at that. May be more volatility when US markets open.
Maybe, but SKG in its current form has grown
through decades of acquisitions.
Smurfit Plc , under the current CEO's father (Michael Smurfit)
was highly acquisitive.
Come in, the water's lovely.
Great write up in the IC today.
N/m.
Added back the shares sold previously.
Near £32, unless the ar*e falls out of markets/OR
there is a significant multi year earnings downgrade,
looks decent risk/reward.
...bargain, eh.
Very nearly under £32 by the close.
It's been a long time since I can remember this degree of caution on Diageo.
(may be a bullish contra sentiment sign!)
The sector analysts have access to industry market share and sales data
between updates ( though not from DGE directly) so it may
be data looks more bearish than the outlook DGE last provided.
...has she fainted ;
Better day for markets.
N/m
It's a great longer term hold and remains my largest UK listed
single stock holding.
Reverse glug glug more like, UP 10% since your post
and notice you have disappeared, eh.
The 26 GBP mentioned by stargate would pub DGE on approx 16 X forward.
Never say never (there could be earnings downgrades) but find that
very difficult to see.
Hopefully can add those back lower down.
Longer term SKG look very well placed to me fwiw -
ticking all the right boxes - pun intended.
You make so many price target calls on different stocks,
just wondering what your winning trade % is?.