DIAGEO PLC (DGE)

DIAGEO PLC (DGE)

Voting and Company Information

Diageo plc Information and Vote Guidance 2023

AGM:  28 September 2023 Proxy deadline:  26 September 2023 ShareSoc provide this added value voting information service for Full Members only, providing background information on leading companies and AGM vote guidance. Below are links to the: 1. Stockopedia summary report. 2. Minerva Vote recommendations for the 28 September 2023 AGM based on their standard template. 3. Minerva detailed research report for the AGM. Summary of voting issues at this year’s AGM  The Minerva report highlights various issues and recommends voting against two of the resolutions. Readers should make their own ...

DGE : Diageo – Company Information and Vote Guidance

by Cliff Weight, Director, ShareSoc. These are my personal views and not necessarily those of ShareSoc. I do not own shares in Diageo, but my wife does, in her ISA. She bought in 1998 at £7.16 and they are now £35. With sales of £12.7bn, their EV (Enterprise Value = market cap plus debt) of £95 bn is > six  times turnover and I don't see great barriers to entry at the global level or from supermarkets going direct to wine ...

Blog posts

DGE : Diageo – Company Information and Vote Guidance

by Cliff Weight, Director, ShareSoc. These are my personal views and not necessarily those of ShareSoc. I do not own shares in Diageo, but my wife does, in her ISA. She bought in 1998 at £7.16 and they are now £35. With sales of £12.7bn, their EV (Enterprise Value = market cap plus debt) of £95 bn is > six  times turnover and I don't see great barriers to entry at the global level or from supermarkets going direct to wine ...

Should You Give Up Fags and Booze, plus Coverage of Babcock and Babylon

The title of this article refers not to your personal habits, but whether investors should give up on holdings in tobacco and drinks companies. Yesterday British American Tobacco (BATS) dropped 10% after the Wall Street journal reported that the US Food and Drug Administration was planning a ban on the sale of menthol cigarettes. They contribute a significant proportion of BATS profits. Aside from this possible temporary issue, the key question for investors is whether to hold tobacco stocks at all. Apart ...

FT Acquisition, Toshiba, Diageo, Healthcare Locums, False Accounting, Chinese Companies, and AIM

The Financial Times is being sold by Pearson to Japanese media group Nikkei Group. The Chairman of Nikkei was quoted as saying it will be "business as usual" (in the FT of course) and that the "philosophy and values of the FT are the same as ours". Clearly they are still in the honeymoon period but let us hope that is true as the FT provides excellent factual news and commentary in general. Here's just some of the news they have ...

Diageo AGM and Scottish Independence Postscript

Yesterday I attended the Annual General Meeting of Diageo Plc. Being the day of the Scottish Independence vote, there were some questions on that issue for the board, but all the CEO said was that you can be assured we will fiercely fight for free trade, currency stability and no more tax and regulation. The Chairman said it was for the people of Scotland to decide, even though Diageo is headquartered in Scotland. You know the outcome by now and I ...

Diageo votes at AGM – more opposition

This morning Diageo announced their voting results from the poll at their AGM on the previous day. Isn’t it annoying when the poll is not declared at the meeting so shareholders cannot question the board on the results? But that aside, they got 11.8% against the Remuneration Report, up from 7.5% last year. This rather reflects the complaints in the meeting itself about the general level of remuneration in such large FTSE-100 companies. It seems likely that last year’s figures were somewhat ...

AGM Reports

Diageo (DGE) AGM Report 2015

Diageo Plc held their Annual General Meeting at the Mermaid Conference Centre in London on the 23rd September. One wonders if Diageo had been listening too much to its own hype on its environmental / social and third world economic policies, as the 300 plus shareholders present were treated to a video while we were waiting for the AGM to start talking up Diageo’s charitable works, but nothing of any financial content. This was to set the tone for the rest ...

Diageo (DGE) AGM Report 2014

Yesterday (the 18th September) I attended the Annual General Meeting of Diageo Plc. Being the day of the Scottish Independence vote, there were some questions on that issue for the board, but all the CEO said was that you can be assured we will fiercely fight for free trade, currency stability and no more tax and regulation. The Chairman said it was for the people of Scotland to decide, even though Diageo is headquartered in Scotland. You know the outcome by ...

Diageo PLC (DGE) AGM Report 2013

Yesterday I attended the Annual General Meeting of Diageo PLC at The Hilton London Paddington Hotel. The room was full with over 400 shareholders, mostly of the older retired variety. Latecomers did arrive well into the meeting. After reviewing the 2012 AGM report, I was in two minds as to whether it was worth writing up my report for this year as you could mostly copy and paste the 2012 report, rename it 2013, remove the more technical questions from shareholders and ...

Diageo (DGE) AGM Report 2012 – Should they not be producing water?

I arrived just in time for the AGM of Diageo (at 2.30 pm on the 17th Oct) at Church House Conference Centre near Westminster Abbey. This was a good venue but new to me. The meeting room was quite full and I would estimate at least 200 shareholders were present. The attendees were obviously mostly retired folks, not surprising because Diageo has traditionally been a good dividend paying stock. But the yield is now only 2.7% and it has a p/e ...

ShareSoc News

Diageo plc Information and Vote Guidance 2023

AGM:  28 September 2023 Proxy deadline:  26 September 2023 ShareSoc provide this added value voting information service for Full Members only, providing background information on leading companies and AGM vote guidance. Below are links to the: 1. Stockopedia summary report. 2. Minerva Vote recommendations for the 28 September 2023 AGM based on their standard template. 3. Minerva detailed research report for the AGM. Summary of voting issues at this year’s AGM  The Minerva report highlights various issues and recommends voting against two of the resolutions. Readers should make their own ...