Taking an absolute beating today. Odd how this is one of my defensive ones because I thought it would be more stable with a slowly growing dividend.
Not an investor. However there was a bit of insight as to whats happening in that sector on Bloomberg this morning around 9:06 am.
It seems the main concern is a slowdown in Latin America. Which has spooked some major investors
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I think in the report it mentioned consumers switching to cheaper brands in Latin America and the Caribbean.
If I read their RNS right, that’s a 20% hit on 11% of their revenue. Drop seems a bit overdone. I topped up at £29, clearly missing the bottom. Sitting near the value of the COVID lows.
Ending the day at £28.50, this is now officially my worst performing stock at -16% but I’m taking the opportunity to top up at this level. I read that during COVID a lot of places bought in bulk at that they envisage orders starting to recover again going into 2024.
Reasonably priced. 5.4 and 5.6% is investment grade.
They missed the boat on lower interest rates. If it’s to purchase more brands then they should be able to find some quality companies and at the moment possibly get them cheaper. Off settings the higher interest.
Obviously I am guessing what they want the money for.
Not on my buying list at this point.
Up 5% over 5 years and not a particularly large dividend. Nor has it grown significantly.
Could be a buying opportunity although I wouldn’t be surprised if it fell further before recovering.
As someone has already said the fall in revenue not huge.
I would suggest legal and general as a better buy with better recovery prospects. One that will pay you to wait.
Don’t own legal and general either.
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Recieved my dividend yesterday. Right on the payment date. Well done Freetrade!
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Diageo Preliminary Results - stock is down around 8%
2024 Preliminary Results, year ended 30 June 2024 | Diageo
Time to top up? I’m still not convinced it might drop further and this is now my worst performing position.
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One of the brokers seems to think so
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Write up on Diageo its problems and excuses
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Read somewhere that Fundsmith dumped DGE…
Not sure how accurate this is.
Berkshire is still holding DGE as 0.01% of their portfolio.
What’s your thoughts? Undervalued and a turnaround once the economy reverts, meaning at the best time to buy, or declining business that will keep falling as consumers are drinking less and conscious of the health problems that come with alcohol consumption. I am divided.
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It’s the same as BATs as well with all the smoking bans etc on the cards but drink isn’t going to go away as fast as smoking I wouldn’t say anyway.
I think they just had issues with the recent recession of people drinking cheaper brands and that effected share price as well as a general slow down.
I don’t see why everyone is crying of share prices and companies not meeting targets because from what I have seen the majoirty haven’t even some big names.
Its just a general slow down and uncertain times I think. It’s another shopping spree.
4 of my limit buys nearly went off today I guessed a good few and was only 14p off lol on some and that was a 2 to 3 percent drop guess I put in at 6am this morning and they almost hit at half 4 on market closing.
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It seems like the price will continue to drop. Is there an end?
I’m tempted to buy…
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Talks on the news in Scotland whiskey bars were they might have to reduce their own Scottish whiskey and stock more of America whiskey and bourbon etc last night on the news due to what’s happning which is so fked up since its supposed to be a Scottish whiskey bar not an American whiskey bar.