Booker Group Share Discussion Threads

[woodpeckers] 29/10/2014 14:26

Wish all my shares rose as 'steadily" as this!!! :-)

[nar1] 29/10/2014 13:56

Steady rise

[woodpeckers] 29/10/2014 09:19

More broker notes out following the presentations which all seem to be helping to propel the share price back up. Don't forget we go ex-div tomorrow.

Booker Group Plc Earns “Overweight221; Rating from JPMorgan Chase & Co. (BOK)
October 28th, 2014 • 0 comments • Filed Under • by ABMN Staff
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Booker Group Plc logoBooker Group Plc (LON:BOK)‘s stock had its “overweight221; rating reissued by JPMorgan Chase & Co. in a research note issued on Tuesday. They currently have a GBX 160 ($2.57) target price on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 21.49% from the stock’s previous close.

[woodpeckers] 27/10/2014 12:11

Booker Group Plc Receives Overweight Rating from Barclays (BOK)
October 27th, 2014 - 0 comments - Filed Under - by Mindy Fischer
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Booker Group Plc logoBooker Group Plc (LON:BOK)‘s stock had its “overweight221; rating reaffirmed by investment analysts at Barclays in a note issued to investors on Monday. They currently have a GBX 187 ($3.01) target price on the stock. Barclays’ price target would suggest a potential upside of 43.30% from the stock’s previous close.

[cestnous] 24/10/2014 08:51

From todays IC;

Steady Booker delivers the goods
Booker (BOK) might not be the most exciting business on the stock market, but it’s certainly steady. That much is clear from its rock-solid trading in the first six months of the year, which is all the more impressive in light of the problems plaguing the wider food retail sector.
Like-for-like sales grew 2.4 per cent, driving adjusted operating profit up 15 per cent to £68.1m. Sales to caterers rose 2.7 per cent to £686m, while sales to retailers increased by 2.6 per cent to £1.26bn. Internet sales were 12 per cent higher at £413m, and highly regarded chief executive Charles Wilson said delivery capacity would increase by 80 per cent over the next two years. He also plans to increase the number of Family Shopper discount stores from 15 to 300 over the next four years.
The integration of the Makro acquisition is firmly on track, too. Following a special dividend payment of 3.5p a share in July, Booker plans to pay out a similar amount to shareholders in July next year. Mr Wilson said current trading was ahead of last year, but still gave a cautious outlook in light of the well-documented price squeeze in food retail.
Broker Peel Hunt expects EPS of 6.3p for the full financial year, up from 5.7p in 2014.
@ Booker’s shares are down 4 per cent since our recent buy tip (126p, 31 July 2014), mainly due to negative sentiment in the sector and because German cash and carry operator Metro AG sold its 9 per cent holding. With its history of generous shareholder returns, however, this cash-rich, well-run, steady growth story remains enduringly attractive. JB
Buy

[woodpeckers] 24/10/2014 08:09

Looks like CW has decided to start beating the drum at last.
"Booker is hosting an institutional investor and analyst event in Enfield today, Friday 24 October 2014."

I must say when compared to the fiasco that is Tesco, the growth figures that this management continually provides look quite spectacular.

Well done the BOD for realising that the market needs to hear loud and clear what a great job you're doing.

[woodpeckers] 21/10/2014 11:26

Guessing this is a result of the presentations that CW and JP have been doing. For those who haven't spotted it, they have done a webcast available to view for the first time this year. Well worth watching, a convincing presentation which confirms my confidence that this is a growing company.

[michaelwhight] 21/10/2014 10:35

Yes convincing breakout.

[ayl30] 21/10/2014 10:28

Nice recovery starting / buyers returning by the looks of it

[chickcrumbs] 17/10/2014 07:29

Maybe they have different time horizons? I remember a few years ago feeling I might have made an error holding when the Naked Trader announced he'd sold out. Turned out ok though.

[nav_mike] 16/10/2014 20:53

Just seen that three brokers maintained their forecasts yesterday. One sell, one hold and one buy.

Price targets of 115 150 and 175 respectively

How can they be so different lol?

[pilly11] 16/10/2014 14:06

Solid company. Markets in general obviously really struggling. One to hold for sure!

[gohilster] 16/10/2014 12:02

Shame the results just so happened to be released on a bad market day. The fact its still blue shows the strength of the business and the fact that investors are taking their money out of other stocks and happy to take a 'safe' position here.

[nav_mike] 16/10/2014 08:52

Tried its best to rise, but was just met with persistent AT selling

The RNS read really well to my eyes, but with markets in this state even the good companies can suffer.

[michaelwhight] 16/10/2014 08:48

Nice update but not stellar. Lukewarm reaction. I will hold.

[pilly11] 16/10/2014 08:27

Lovely update.

Be interesting to see what the strategy is for India with things being so challenging here.

Profit, div and customer satisfaction increasing, all good here

[badmumba] 16/10/2014 08:26

Yes never fails to deliver except in the share price .

[chickcrumbs] 16/10/2014 07:57

Good old Booker never fails to deliver. It's one of the first shares I ever bought. Should have bought more!!

[johnsoho] 16/10/2014 07:48

Yep, very good update I think and will now hopefully be reflected in the share price.

[woodpeckers] 16/10/2014 07:39

Good report out this morning. Half year profit up 16%, interim div up and confirmation that they intend to pay the extra special dividend again next year.
Love the repetition of the phrase "strong cash generation".
Hopefully see that bounce today...

[pilly11] 10/10/2014 17:14

Very good day, only blue in a sea of red!

[stokieboy] 10/10/2014 14:45

Probably just rumour of an impending takeover approach!

[suejarvie] 10/10/2014 14:31

Looking very strong on a poor mkt day!Is it just buying ahead of interims?

[pilly11] 10/10/2014 12:53

Interims next Thursday 16th

What are we expecting:
Div Increase?
Further progress with Makro?
Added stores in India?