Booker Group Share Discussion Threads

[rogue trader3] 11/9/2014 14:55

Looks like a short term trade if it bounces in the 116-118 range but this isn't the greatest sector to be long at the moment imo

[modform] 09/9/2014 22:36

Badmumba, if this share is doing your bowels no good, spare a bit of thought for QPP long term holders, ouch...

[badmumba] 09/9/2014 17:22

Talking about bowels , this one's not doing mine any good.

[woodpeckers] 09/9/2014 16:34

Hoping this is the bottom of one of your famous bowls, CR!

[cockneyrebel] 09/9/2014 14:34

Firming up - book building done or near done?

CR

[salpara111] 06/9/2014 10:39

Been tracking this one for a while and while I liked the business the rating was always a bit rich for me but now the share price is entering more attractive territory I am looking to take a stake. I will wait and see what the upcoming trading update has to say as that should hopefully provide an inflexion point.

[woodpeckers] 05/9/2014 16:47

Well that was a rubbish week!!!

[woodpeckers] 05/9/2014 12:13

OK so now I really am confused! How can we have an rns stating that Metros holding is below 3% when we were told 3 days ago that it had sold ALL it's shares????

"2 September 2014

Further to the announcement released earlier today, Metro AG ("Metro") announces that it has sold 156,621,525 ordinary shares held indirectly in the Company, which are held directly by Metro Cash & Carry International Holding B.V. (an indirect subsidiary of Metro), at a price of 125 pence per share (the "Placing"). Metro has raised aggregate gross sale proceeds of approximately GBP196 million through the Placing. Following completion of the Placing, Metro will no longer hold (directly or indirectly) any ordinary shares in the Company."

Obviously a nil holding is "below 3%" but .....?!?!

[nav_mike] 05/9/2014 11:00

Good old Paribas...

According to IG's summary only 1 broker out of 10 has BOK has a sell....the rest range from hold to strong buy.

[badmumba] 05/9/2014 10:46

Bloody French !

[woodpeckers] 05/9/2014 08:09

jp, thanks for that. So I still don't really understand the comments from CR and modform....?

[woodpeckers] 05/9/2014 07:37

Ok, so I'm really confused...! In the rns out on the 3rd it says:

" Further to the announcement released earlier today, Metro AG ("Metro") announces that it has sold 156,621,525 ordinary shares held indirectly in the Company, which are held directly by Metro Cash & Carry International Holding B.V. (an indirect subsidiary of Metro), at a price of 125 pence per share (the "Placing"). Metro has raised aggregate gross sale proceeds of approximately GBP196 million through the Placing. Following completion of the Placing, Metro will no longer hold (directly or indirectly) any ordinary shares in the Company."

I presumed this meant that the placing had been done with institutions and all Metro's shares were now in new safe hands.

Reading it again, I see that it goes on to say:

"The proceeds of the Placing are payable in cash on usual settlement terms, and closing of the Placing is expected to occur on a T+3 basis on 5 September 2014, subject to the satisfaction or waiver of certain customary conditions."

Can anyone please explain what "closing of the Placing is expected to occur on a T+3 basis on 5 September 2014," means?

TIA

[modform] 04/9/2014 23:03

No, interim on 16 Oct, trading update on 18 Sept.

[ayl30] 04/9/2014 22:38

So interim results on 12th, should be fun with a trading update 6 days later. Bring it on Charles

[modform] 04/9/2014 18:57

Thanks CRDo you know if they have to put out a rns about the success of the placing, or is it optional

[cockneyrebel] 04/9/2014 18:33

You'll know when the placing is done when the share price starts to firm imo - usually happens ahead of the RNS announcing the placing is done. Might be hard to tell what the 'done deal' rally is at first but you'll see punters piling in ahead of the news as brokers let clients know imo.

All imo/dyor etc.

CR

[modform] 04/9/2014 18:01

There's usually a rns to say that the placing has been successfully placed with IIs.When OPAY did it earlier in the year, there was a rns at 5pm of the day the placing was made.My gut feel is that not all the shares has been successfully placed, so there is an overhang to clear.

[michaelwhight] 04/9/2014 17:54

I think it must be others adjusting their positions given the new circumstances. In any case the share price is holding up. Results will need to be impressive to retain confidence.

[woodpeckers] 04/9/2014 17:03

Surely there can't be institutions who bought at 125p now dumping at 126p can there?!

[nav_mike] 04/9/2014 16:55

I think we can expect a few days of churning around 125-126p as the excess shares hit the market from those who didn't want to hold long term from the book-building.

There were always going to be some shares that ended up with more spivvier institutional clients, plus some previous holders who didn't participate may just be calling it a day and moving on.

I shall be watching for a few days on level 2 to see if the selling gets more intense.