Booker Group Share Discussion Threads

[woodpeckers] 07/10/2014 16:13

Well as we got dragged down by the Tesco sentiment it would be nice if we went back up at the speed that's moving today.... Looks like we're going to have to make do with green though....

[woodpeckers] 07/10/2014 11:39

"Booker Group Plc (LON:BOK)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a research note issued on Monday. They currently have a GBX 160 ($2.56) target price on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 33.56% from the company’s current price."

[woodpeckers] 24/9/2014 13:12

Looks like we almost lost him!



Charles Wilson found his name in the frame to revive the fortunes of Britain’s biggest grocer before Dave Lewis took over as chief executive of Tesco last month. It was a long shot: wild horses would have been required to drag him away from his beloved Booker, the cash-and-carry wholesaler he has brought back from the brink on more than one occasion.

[woodpeckers] 23/9/2014 19:42

A fair summary here though I disagree with the comment:
"However, despite having lost more than a third of its value over the past year, its shares are still expensive and trade at a significant premium to peers."

If it's peers in the sector include Tesco etc then "a significant premium" is warranted in my book.

This sentence is more appropriate:
"Canny onlookers see in Booker a proven business model for a company that has posted FY earnings growth in excess of 20% for four of the past five years."

[woodpeckers] 22/9/2014 20:27

My thoughts too, Mike. Bodes well for good market days... :-)

[nav_mike] 22/9/2014 16:40

Good to see continued strength after the update in what was a generally awful day for the markets

[gohilster] 19/9/2014 07:48

Peel Hunt said it continues to see "signficant upside" at Booker after a decent second-quarter update, and the future looks bright for the wholesale retailer. The broker kept a 'buy' recommendation and 180p target, hailing an "encouraging" statement.

[woodpeckers] 18/9/2014 15:18

Yes, good update, all going according to plan. Sales are up again. I believe they are purposefully running the tobacco side of the business down.

The market seems to like the reassurance so hopefully normal service can be resumed. Happy to remain a holder.

[qs99] 18/9/2014 15:04

Looking nice and strong now IMO following reassuring results....have topped up today and looking for retrace to recent highs before big stake being sold....

[skinny] 18/9/2014 12:44

Finally a trend reversal.


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Investec Buy 121.10 178.00 178.00 Reiterates

Panmure Gordon Hold 121.10 150.00 150.00 Reiterates

JP Morgan Cazenove Overweight 121.10 - - Reiterates

[salpara111] 18/9/2014 12:37

Well, as a non holder waiting for this update I have to say that I really dont know what to do.
It is clear that tobacco sales are in long term structural decline so the "non tobacco" part of the business has to improve at a faster rate just to stand still.
Clearly there were "no nasties" in there but equally I am not seeing the "Buy" sign lighting up.
I think I will leave it a few days to see what happens.

[cestnous] 18/9/2014 12:22

Strong historic support at this level, so I will be staying in for the recovery, unless of course it breaks downward which seems unlikely imo.


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[qs99] 18/9/2014 12:16

indeed. Whether overhang from large placing has cleared the minds of the market though who knows, hopefully a bit of decent IR from management on the back of this statement will see it head back towards £1.50 recent highs..

[olded] 18/9/2014 07:24

All on track with like for like growth. Healthy cash position, good progress and India performing as it should. No nasties! Happy holder.

[qs99] 18/9/2014 07:07

well that looks pretty healthy IMO?

[skinny] 18/9/2014 07:01

Booker Group is the UK's leading food wholesaler. Total sales in the 12 weeks to 12 September 2014, including Makro, rose by 0.1% on the same period last year. Booker like-for-likes (excluding Makro) were 1.8% higher with non tobacco like-for-likes up 3.1%. After a good start, we anticipate that Booker Group is on course to meet expectations for the year ending 27 March 2015.

Total sales in the 24 weeks to 12 September 2014, including Makro, rose by 1.9% on the same period last year. Booker like-for-likes (excluding Makro) were 2.4% higher with non tobacco like-for-likes up 3.4%.

Booker Wholesale, our cash and carry division, had a good quarter. Customer numbers were up and sales were in line with expectations. Overall, our delivered wholesale businesses continued to make progress. The Makro turnaround is on track with cash and profits in line with expectations. Makro's non tobacco like-for-likes were down 10.8% in the 12 weeks and down 11.4% in the half as we continued to exit non profitable, non professional categories. We have converted 4 Makro outlets to the new, improved format and will complete a further 4 in the second half. Sales in India are continuing to make progress.

Our financial position remains strong with a net cash position of £107m.

[newkid] 17/9/2014 15:33

Not in but looking for sometime. Could we see sub 100p here. Would be a good entry point IMO.

[nav_mike] 17/9/2014 11:42

Not exactly sensing a good vibe ahead of the trading update tomorrow....so far this month been smashed on TCG and BWNG with their updates, and the endless selling here doesn't fill me full of hope.

[oilyrag] 16/9/2014 11:41

Getting close to the current staff share scheme price of 112.5p. My son works there and is buying over three years after following my advice, and I made the decision then that I would buy below that price if it fell that far.

Whilst agreeing with some earlier posts about BOK being overvalued, I balance this with the viewpoint of it being a steady business with continuing growth. I can live with a small dividend compared to zero intrest from the banks.

[olded] 16/9/2014 09:05

Some large c250k buys this morning going through.

[ppreston1] 15/9/2014 12:01

Q2 trading update on Thursday. Hopefully should bring some relief to the share price after the battering it received since the share placing.

[phowdo] 12/9/2014 08:40

115p looks to be the good support, however through there and it could be down to 100p rather quickly.
I suppose if you squint hard enough you can see a head and shoulders pattern but they quite often turn into continuation patterns anyway (bullish in this case)

[woodpeckers] 11/9/2014 18:00

Hope you're right CR, there must be interest in this at this level!

" The company currently has a consensus rating of “Buy” and an average target price of GBX 169.43 "

[nav_mike] 11/9/2014 16:21

Not one of my better decisions to increase my holding last week :(

Surprised at just how savagely this has been sold down, but looking at level2, the supply of shares on the offer side seems endless.

Makes me think shares that were taken at 125 are being dumped to avoid increasing losses.

[cockneyrebel] 11/9/2014 15:54

On or near a good long term support here - might be a great bounce point?


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