"The truth is the drying up of our revenue from KN1 was a huge blow for us all to the point where I was more than just upset, more like depressed."
"You and me both and you may remember my stating as early as 2017 that the KN1 issues were AEX's "Achilles heel" and needing resolving imminently" Couldn't have put it better myself agree with both statements unfortunately. I first invested here when we had US oil rigs bringing in a little cash (Approx 5 mill if IIRC). The loss if KN1 income is beyond frustrating, I am hoping for a good outcome going forward but will not be surprised if the worst case scenarios appear. Hindsight being 2020 would love to go back to the 7p time!!
Agreed Skeletor. Recently bought into this share as I liked the direction it was going (Selling the Plastics division).Will be interesting to see how the integration from recent acquisitions is going when full results come out on June 13th. Down a long way from the highs of July 2018 of 570+. Seeing this as a value share at the moment.
Well then no RNS despite promises. Disappointed isn't the half of it. Will we get a note letting LTHs know the reason why? Even a tweet would be something. Unfortunately it is not the first time. Maybe a 4.30 one?
Diageo sells portfolio of brands to14 Nov 2018 01:40
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!
The Anglo-Dutch company, which last month announced plans to consolidate its global headquarters in Rotterdam instead of London, also hiked its dividend by 8 per cent and unveiled plans for a �6bn (�5.2bn) share buyback starting in May. Turnover down due to unfavourable currency exchange movements. I am glad I have topped up here as one of my bottom drawer shares, happy with this news regarding buyback and dividend. Continues to bring in the cash. Hopefully if remains at this PE ratio or lower, will try and top up a few more.