Diageo Trading Statement

[idpickering]

This from yesterday. Not the highest of yielders I grant you, but I hold them in my HYP, and guess others do too, so may be of interest here;

Diageo issues trading commentary ahead of AGM 2019

Ivan Menezes, Chief Executive, commented:

"Fiscal 20 has started well as we continue to build on the momentum and consistent progress we are making in the execution of our strategy. Our focus remains on delivering quality sustainable growth. This is supported by a culture of everyday efficiency that enables us to invest smartly in marketing and growth initiatives while expanding margins

.

https://www.investegate.co.uk/diageo-pl ... 00158792M/

A true buy and forget share IMHO, which I've held for years and have zero intention of selling any time soon.

Ian.

[Arborbridge]

This from yesterday. Not the highest of yielders I grant you, but I hold them in my HYP, and guess others do too, so may be of interest here;

Diageo issues trading commentary ahead of AGM 2019

Ivan Menezes, Chief Executive, commented:

"Fiscal 20 has started well as we continue to build on the momentum and consistent progress we are making in the execution of our strategy. Our focus remains on delivering quality sustainable growth. This is supported by a culture of everyday efficiency that enables us to invest smartly in marketing and growth initiatives while expanding margins

.

https://www.investegate.co.uk/diageo-pl ... 00158792M/

A true buy and forget share IMHO, which I've held for years and have zero intention of selling any time soon.

Ian.

Thanks, Ian. I have no desire to sell them either, but they've been flirting with danger lately, with the yield dipping below 2% then coming back just over. With a capital weight of 1.5x median, one has to ask why I shouldn't trim and put the proceeds into something which pays more. And of course - we all know the arguments for and against.

I have trimmed, only once in 2011 when the reached just under 2x median, as I remember.

Arb.

[idpickering]

You’re welcome Arb. For me they’re not up to full weighting in capital value terms in my HYP. I’m ok with that, and have no desire to buy more of them to address that. It can just stay there simply plodding along and covering that sector for me.

Ian.