||EPS - Basic
||Market Cap (m)
|Food & Drug Retailers
Booker Group Share Discussion Threads
Showing 1901 to 1921 of 1925 messages
|Looks like £1.90 on its way.|
|Good update, holding up well in a turbulent market imo.|
|Looks like it is going to try and make a new 52 week high. Christmas is traditionally Booker's best period in terms of sales revenue and therefore this could be trying to make a new high such as £2.00 over the Christmas period.|
|Oh dear. I have changed my mind. I think this is now heading towards £1.50 rather than £2.00. There could be a nice buying opportunity here should things rebound which history tells us that they normally do.|
|anyone know what is going on at competitor WINcanton...up nearly 10% in early trading?|
|Picked up a few, price too good to ignore imo.|
|This is heading towards 1.91 and could even attempt to hit 2.00. Momentum is building!|
|Booker is a £5bn turnover business which is profitable, is still acquiring and there is still room for capital growth. It pays strong dividends. This is a rare breed of a company. Ideal for long term investment for growth and dividends. FTSE 100?|
|Date: 10:35 am, 18 May 2016 / Michele MaatoukLONDON (Sharecast) - (ShareCast News) - Food wholesale operator Booker got a boost after Goldman Sachs upgraded the stock to 'buy' from 'neutral' and lifted the price target to 198p from 171p ahead of the company's full-year results on Thursday.Goldman pointed out that Booker has been the worst performing stock in its coverage year-to-date, down 9% versus the pan-European food retail average up 6% despite small earnings upgrades."With its capital-light model, Booker is the most cash generative stock in our pan-European food retail coverage," said GS."Importantly, it has a strong track record of capital allocation, either making acquisitions with short cash payback periods, or returning excess capital to shareholders via special dividends."The bank forecasts EBIT/EPS compound annual growth rate of 11% over the next three years, driven by the integration of the Londis/Budgens acquisition, continued growth of the Premier store customers, secular growth of the catering customer base and increased density of the delivery network.This gives an average total shareholder return of around 19% over the next three years."Given the stock's underperformance YTD, we see risks weighted to the upside. Beyond the results, we see any use of cash announcements as positive catalysts."Goldman upped its full-year 2016-2018 earnings per share estimates by 0% to 5%, mostly to reflect the continued shift to Premier sales and their positive impact on margins|
|I know the BOD do a May Roadshow to investors, they must be saying something pretty amazing to have this effect!|
|Mentioned on Bloomberg this morning. In a positive way.|
|Goldman's 'buy' and price target 198p|
|GS upgrade rumoured?|
|No idea, my ADVFN app says there's 'News' but can't see any?|
|What's going on here then???? 5.5% up on no news?! Has Bok turned in to a leaky ship???|
|QS99 - it might be if Charles Wilson was running it but I am sticking with his proven mgt of BOK|
|surely WIN is better value IMO?|
|From presentation on aquiring Budgens - note 'wholesaler'
"Seeking to become the UK’s leading wholesaler to caterers, retailers and small businesses with the best choice, prices and service via delivery, digital and cash and carry"|
|Hi pilly, sorry only just looked in here again since posting last (I do have an alert but it doesn't seem to work!)
In answer to your question, I really don't know. It sounds from the article below as though the Co-op possibly just made them an offer they couldn't resist though we certainly don't need the cash.
04 February 2016
Co-operative acquires 15 Budgens stores from Booker
The Co-operative Group has bought 15 Budgens stores across the South West, South East and London from Booker for an undisclosed sum.
Continued focus on convenience
The Manchester based mutual highlighted its desire to increase its presence around the M25 last year, along with the core convenience focus of the 'rebuild' part of their True North strategy.
The stores are located in Bedgrove, Bradford-on-Avon, Byfleet, Chalfont St Peter, Crouch End, East Barnet, Fakenham, Fulham, Grange Park, Northcourt, Parsons Green, Ripley, Sandy, Tysoe Street and Walton on the Hill.
Acquisition a clear target
The group has recruited acquisition managers to its property team with solid experience in some of the UK’s leading retail businesses, including William Hill, Morrisons and Tesco to help with the expansion plans.Speaking of the purchase Steve Murrells, chief executive, retail at The Co-operative Food, said "Co-op Food continues to go from strength to strength, with a clear strategy that focuses on the growing convenience store market and our vision to establish ourselves as the number one convenience store operator. Our acquisitions programme is fundamental to the success of this strategy, and in 2016 the Co-operative is actively pursuing 100 new stores. The acquisition of these Budgens stores absolutely supports our focus on convenience store retailing."
Just found this article in which Charles says they are doing it 'to focus on the partner company'. There are only 167 Budgens as opposed to 1630 Londis so perhaps CW intends to sell off all the Budgens shops???
|A lot of Budgens stores are owned and operated by 3rd parties, our local one is a privately owned franchaise. Booker strength is in food distribution not consumer retail, bet they sold them with a supply agreement.|
|This just fell in to my inbox, surprised it hasn't been RNS'd!
GRP : Co-operative Group Acquires 15 Budgens Stores from Booker Group
02/17/2016 | 02:31am US/Eastern
Deal Type: Asset Transaction
Deal Status: Completed
Deal Value: 0.0000 USD
Deal in Brief
Co-operative Group Limited, a convenience store operator, food retailer and financial services provider, has acquired 15 Budgens stores from Booker Group PLC, a cash and carry operator and a food wholesale distributor. Both companies involved in the transaction are based in the UK. The acquired 15 Budgens stores are located in Bedgrove, Bradford-on-Avon, Byfleet, Chalfont St Peter, Crouch End, East Barnet, Fakenham, Fulham, Grange Park, Northcourt, Parsons Green, Ripley, Sandy, Tysoe Street and Walton on the Hill, the UK.|