UK 07:01 Tuesday, 6 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
It seems that I disagree with Comrade Malcolm Stacey once again as I discuss whether a stock on a PE of 22 (Diageo or JD Wetherspoon) can be desribed as cheap. I then discuss what should be in a trading statement looking at Foxtons, Blur and Outsourcery - run by the ghastly Piers Linney - and what this says about shares in all three.
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Comments
alcira16247
Tom
Thanks for another great bearcast.
I am, however, on Malcolm’s side when it comes to Diageo and consider it a first class long term value investment. The boards current strategy seems to be meeting with market approval, too, which may explain its premium rating.
Diageo’s an attractive defensive play with an eviable portfolio of the worlds No1 Spirit, Liqueur and Beer brands. Note how these brands dominate sales in a huge range of geographical markets, further shielding Diageo from any short term downturns in any one economic region.
The growing middle classes in the Indian Sub Continent, China and Far East with significant disposable incomes will provide Diageo with future long term growth streams. The company has made a number of recent acquisitions and joint venture partnerships in Far Eastern countries triggered to exploit further growth and market dominance.
Just some of the reasons why Diageo has attractive long term prospects in my opinion.