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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Booker | BOK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 224.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 224.00 | 224.00 |
| Top Posts |
|---|
Posted at 18/5/2016 09:29 by woodpeckers I know the BOD do a May Roadshow to investors, they must be saying something pretty amazing to have this effect! |
Posted at 12/1/2016 13:58 by woodpeckers This just landed in my inbox, not sure if it's the reason for the drop but if so it definitely looks like a top up opportunity imo.Citigroup Inc. Lowers Booker Group Plc (BOK) to Neutral January 12th, 2016 • 0 comments • Filed Under • by ABMN Staff Booker Group Plc logoBooker Group Plc (LON:BOK) was downgraded by Citigroup Inc. to a “neutral” .... Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Booker Group Plc currently has a consensus rating of “Buy” and an average price target of GBX 188.33 ($2.74). |
Posted at 18/7/2015 09:58 by woodpeckers Nice write up!Booker, the cash-and-carry chain and star of the No Pain, No Gain portfolio, continues to exude calm and confidence in what remains an under-pressure retail sector. The supermarkets, once carrying all before them, are now struggling to combat the discount invaders. But Booker, supplying mostly small traders through its warehouses and delivery services, seems set to sail serenely on. True, first-quarter sales progress failed to achieve the heady heights of a year ago but chief executive Charles Wilson describes the more modest gain of 0.2 per cent (or 0.4 per cent on a like-for-like basis) as "solid". The group has succeeded in turning round the loss-making Makro cash-and-carry chain acquired three years ago for around £140m. Now it plans to direct its attention towards another lossmaker, as represented by its proposed deal to buy the grocery chains Budgens and Londis. If this goes through – and there seems every reason to believe the competition authorities will clear it – the cost will be £40m cash. There are hopes the acquisition will complete later this year, and the addition of 167 Budgens supermarkets and more than 1,600 Londis stores, mainly corner shops, should enhance Booker's performance. The shop chains should sit comfortably with Booker's existing Premier convenience business and its still- fledgling Family Shopper discounters. There must also be huge scope for its distribution fleets to increase their operations. The shares, as I write, are around 168p. With a deserved fancy rating, they are not cheap and it would be difficult to argue with stockbroker Shore Capital's view they are fully valued. Still, with increasing profits and dividends and the promise of another 3.5p-a-share special payment next year – making three on the trot – any investor who followed the portfolio into Booker should stick with the group. I am." |
Posted at 30/6/2015 20:29 by woodpeckers Booker Group (LON:BOK) Rating ReiteratedThe company have set TP of GBX 200.00 on Booker Group (LON:BOK) shares. This is 18.76% from the current price. In analysts report sent to clients and investors on Tuesday morning, HSBC reiterated their Buy rating on shares of BOK. Read more: |
Posted at 05/6/2015 09:36 by woodpeckers Barclays reiterated their overweight rating on shares of Booker Group Plc (LON:BOK) in a research report sent to investors on Friday morning. The firm currently has a GBX 187 ($2.86) price target on the stock.Don't forget BOK goes ex-div (3.14p) next Thursday and July 9th for the special div (3.5p). |
Posted at 27/5/2015 18:11 by woodpeckers Worth a read. Didn't know this: ". Interestingly, Booker used to own Budgens, but sold it in 1982 for £82 million.""When companies make acquisitions, there is plenty that can go wrong: the company can often take longer to merge into the parent; management can overpay should a rival company decide that it likes the idea of buying growth on the open market, too; worse still, management can take their eye off the ball, causing normally avoidable problems to occur at the company making the acquisition. In short – investors need to tread carefully when acquisitions are announced. So when Booker (LSE: BOK) announced its results and the acquisition of Musgrave Retail Partners GB Limited, which comprises the Budgens and Londis businesses, for £40m in cash last Thursday, investors marked the shares up 10%. This says two things to me: Booker has paid a good price for the business; The market believes that Booker’s management team is very capable of turning this (currently loss-making) business around. Let’s have a look at the deal itself, together with the rationale behind it… Price Is What You Pay… Booker paid £40 million on a “cash free/debt free basis” with a normalised level of working capital – in essence, it is starting with a level playing field. Interestingly, Booker used to own Budgens, but sold it in 1982 for £82 million. Londis started life as a mutual, and got going in the 1950s – it was brought into the Musgrave fold in 2004. The most recent figures show that, between them, they made a loss of £7.3 million on turnover of £833 million. Whilst this doesn’t sound like a business that you would want to stump up your hard-earned cash for, there’s a bit more to it than that. Value Is What You Get…. By joining forces with Booker’s current franchise operations, mainly in the form of Premier, the group will almost double the size of its operation, giving it a market share of around 9.4%. In addition, it says that it will help independents compete with the multiple convenience stores – leading to better choice (e.g. fresh), prices and service. The geographical and consumer profiles of the businesses are complementary and, together, Booker believes that they will help the retailer improve sales to the consumer. Interestingly, the deal includes the Budgens and Londis supply chain – this can also serve Premier and independent retailers, improving utilisation and saving costs. Additionally, it provides Premier/Booker help with chilled ranges, whilst Budgens and Londis can benefit from a better local and national supply chain, with improved availability, choice and service. To me, this deal seems to benefit all concerned and, importantly, is a direct attempt to take on the other players in the grocery and convenience market, currently estimated to be worth £37.4 billion in 2014 (+5.2% on 2013). This is where the growth is currently. Perhaps unsurprisingly, multiple retailers and discounters have increased space by 37% since 2007 — One Stop, Tesco Express, Coop, Sainsbury’s Local, Asda, Waitrose and other multiples expanding their convenience operations — One Stop (part of Tesco (LSE: TSCO) is becoming a franchise business, too. Which One Should You Buy? Turning to the chart covering the last 12 months, it is clear which share you should have bought. As we know, however, the stock market is all about the future – what will the next 12 months bring? For my money, both J Sainsbury (LSE: SBRY) and Tesco have their work cut out – they need to fix their retail operations. This, amongst other things, has caused them to focus on their balance sheets, one of the results of which is a dividend cut at Sainsbury’s (and Tesco famously cancelled its final dividend). Booker, on the other hand, has proved adept at turning around failing businesses – it finished the year with a £147 million cash balance, allowing it to increase the dividend by over 14% and pay a further capital return of 3.5 pence per share. This is also expected to be repeated next year. Whilst I would be the last person to write off any of the supermarkets, I wouldn’t be a buyer of the shares currently. I would, however, be looking to pick up some shares in Booker on weakness as part of a diversified income portfolio. |
Posted at 22/5/2015 20:19 by hedgehog 100 At 169.4p, BOK has 20-bagged from its early 2007 low of about 8p, hit shortly before Booker's RTO (reverse takeover) here."Booker to Return to Stock Market With Blueheath Deal (Update3) By Trista Kelley - May 9, 2007 12:12 EDT May 9 (Bloomberg) -- Booker Group Plc, the largest U.K. food wholesaler, plans to return to the stock market after a seven-year absence by combining with a listed company. Blueheath Holdings Plc, a wholesaler to convenience stores, said today it will acquire Booker for 1.34 billion shares in a so-called reverse-takeover transaction that gives the larger company's investors 90 percent of the combined entity and provides it with Blueheath's listing on London's Alternative Investment Market. Charles Wilson, who resigned as executive director at Marks & Spencer Group Plc to rejoin Booker in 2005, will head the combined company as chief executive officer. During his time as head of Marks & Spencer's supply chain, Wilson cut costs by as much as 320 million pounds a year ($638 million). ``Booker has made great progress in the last 18 months and this transaction gives us the opportunity to take the group to the next level,'' Wilson said today in a statement. Shares of Blueheath more than doubled to 27.5 pence in London, giving the company a market value of 39.5 million pounds, the biggest one-day gain since the company first sold stock to investors in July 2004. ... " Please note the following thread which may be of interest: "THE REVERSE TAKEOVERS & SHELLS THREAD (RTO)" |
Posted at 21/5/2015 08:30 by woodpeckers From the FTFood wholesaler Booker Group is buying the Londis and Budgens store chains for £40m. A small sum, but these are well-known names, particularly in the South of England. Londis runs 1,630 convenience stores, while Budgens has 167 franchised shops focused on groceries. Charles Wilson, chief executive, is popular with investors and was tipped as a possible Tesco boss, despite having no obvious interest in the role. His comments this morning hint at an intended fightback by independent retailers against incursions by supermarkets into the convenience store industry. |
Posted at 13/5/2015 20:52 by woodpeckers Not that I'm a great Motley Fool fan but just so we know what's being written/read....Booker Booker, which currently trades around 148p a share, is a wholesaler with a market cap of £2.6bn and an enterprise value of £2.5bn. A solid balance sheet is the first element to like, which also differentiates it from many food retailers. Furthermore, its forward multiples may seem demanding based on earnings and cash flows, but assuming they remain constant into 2017, which is my base-case scenario, capital appreciation could easily be in the region of 20%-30% over the period, spurred by growth in net earnings and cash flows. Its core margins have been rising ever since 2009, and if Booker keeps up growing revenues, it could certainly surprise investors. I think its management team has done an excellent job in recent years, although it has become more difficult to create value since early 2014. |
Posted at 10/1/2015 12:32 by xtrmntr Investors Chronicle tips of the year. Booker - the supermarket price war seems to be having little effect on convenience store wholesaler Booker, which is continuing to benefit from cost savings and growth opportunities created by its acquisition of struggling rival Makro. |
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