Member Info for Nomadicranger

Thank you Crusty
A very useful summary for us all.
Much appreciated

Quite happy with these results
Glad I have been increasing my holding to be stored in the bottom drawer

Fastest underlying sales growth in nine years - 4.5%, with 2.9% price and 1.6% volume

· Turnover increased 3.4%, with a positive impact from acquisitions and a negative impact from currency

· Underlying operating profit increased 2.9% and underlying operating margin decreased by 10bps

· Underlying earnings per share increased 5.5% and diluted earnings per share 9.2%

· Announced the sale of Tea business for €4.5 billion, with completion expected in H2 2022

· Completed €3 billion of share buybacks in 2021; announcing further €3 billion programme for 2022-2023

· Dividend per share growth of 3% for 2021

was just about to write the very same thing

I agree Man of Leisure.
I waited a long time to get into this share, was always a little expensive for me and when it dropped was always too greedy and wanted it to go lower.
The pandemic provided an opportunity, people are always going to have a drink, didn't get at the lowest point but these are now in my long term holdings for the foreseeable future.

Yep so happy to see those shorts going in the right direction.
I am beginning to feel more confident here.
Averaged down below 1 pound still considerable under water but future looking a tad better

Take this as Good News, a positive for LTH, now to see the licenses (hopefully soon)

"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!!

Thank you for that cperkin

I would very much like to see our BOD make a similar statement at some stage as Eskil Jersing, CEO, who commented:

"We continue to improve our fundamentals, with regular revenue receipts, debt reduction,........."

As has been previously stated Rainy season coming to a close, there have been some interesting statements about what will happen next,. The proof of the Pudding etc..................

I very much hope we receive some positive news shortly and some movement in the share price the way we all hope for!

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.

It was not that too long ago (In AEX Years)when it actually touched 250 Market Cap!

Why who knows. At my age I will always take a rise as a good omen!

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 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!

Cashflow issues,

Completely agree Tarry

It really is that simple.
Have been here to long but that is it. The bottom line is the bottom line.
Salaries, don' t get me started!

Sound advice :-)

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.