Booker Group Share Discussion Threads

[woodpeckers] 21/5/2015 08:23

Presentations at 8.30, will be interesting to watch today, usually picks up in the afternoon on results day, not that I'm not happy with this start.

[cestnous] 21/5/2015 08:15

Yes, excellent news and appropriate share price action occurring as we speak.

[woodpeckers] 21/5/2015 08:13

Booker Group PLC Proposed Acquisition of Londis and Budgens!

Well CW doesn't hang around does he, great news, more expansion. No one can say this company is leaky either, the market obviously didn't have a clew about this, certainly does now though and share price reflecting it nicely.

Good results again too with confirmation of the exceptional div return too.

:-)

[woodpeckers] 20/5/2015 11:47

Ayl, BHS is the new contract but we have also had a contract with M&S for a long time. ('Booker Direct is the Group’s delivered wholesale business which serves national accounts UK-wide. It has already established itself as the UK's largest food supplier to the cinema sector with customers including VUE and Odeon. Other accounts include HM Prisons in England & Wales (in partnership with DHL), Marks and Spencer and the NAAFI, as well as the more recent additions of SSP, HMV, and WH Smith Travel Ltd.')

Not surprising really bearing in mind all the board connections - Charles Wilson was an Executive Director of M&S and Guy Farrant was Director of Food and, latterly, Operations and Retail Director at Marks and Spencer plc.

[ayl30] 20/5/2015 08:59

Wood.. I thought that Booker supplied BHS not M&S ??

[woodpeckers] 20/5/2015 07:53

From Marks & Spencer's results today - don't forget Booker supplies M&S so good news for us.

"Food business outperforms in a very competitive market

-- Specialist positioning differentiates us from the competition

-- 62 new Simply Food stores opened, with performance ahead of expectations

In Food, the planned opening of new stores will add c. 4.5% of space. We have a strong pipeline of new Simply Food stores and are increasing the planned number of new stores from 200 to 250 in the three years to March 2017."

[woodpeckers] 17/5/2015 18:25

I'm guessing it will certainly be confirmed that they propose to implement the 3.5p capital return as they did last year, anything more would be a very nice bonus. As it is they are returning a total dividend of approx 5%, so not bad if they can make it a regular return.

Wonder if there will be comment on the BHS news? CW isn't one to fly the flag but he is obviously quietly working in the background looking for ways to provide long term sustainable growth which will enhance shareholder value.

Looking forward to reading the results anyway, we usually get a rise on the day and I doubt BOK will disappoint.

[pilly11] 14/5/2015 16:50

Bit of dividend rise would be nice too

[woodpeckers] 14/5/2015 13:42

Guessing final results could be out end of next week as they were posted on the 22nd last year. Might see a run up in the share price in anticipation bearing in mind the level we're at at present.

[woodpeckers] 13/5/2015 20:52

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.

[woodpeckers] 28/4/2015 07:52

More on this new 'venture'.




“We are delighted to have Booker Group alongside us as we move further into convenience food retailing. They have a fantastic track record for delivery and together we can provide a great range of products for customers. We are very excited that this expansion will allow us to seek new colleagues to join the new BHS.”

BHS has also agreed a contract with Booker Group to build on the successful piloting of convenience food retailing at its stores in Romford, Staines and Warrington. Booker Group will be the company’s exclusive food supplier as it expands convenience food retailing to a further 20 stores by the end of the summer, creating 250 jobs. BHS aims to expand this offering to other stores later in the year.

Steve Fox, Sales Director – Retail, of Booker Group said:

“We are happy to support Darren and the team with his plans at BHS for a further 20 Foodstores. The BHS pilot has confirmed that the market wants it back in convenience foods, and we are delighted to help BHS return to this heritage area.”

[woodpeckers] 27/4/2015 13:28

Good news, shame CW doesn't rns info like this.

BHS extends in-store concessions with Booker and Compass Group

The high street retailer, which was acquired by Retail Acquisitions last month, said Booker would be its exclusive food supplier for its convenience offer

[nar1] 02/4/2015 12:52

Fighting back !!

[ayl30] 02/4/2015 07:30

Another good set of results then. Profit guidance maintained. Seems Charles Wilson has hand firmly on the tiller

[pilly11] 02/4/2015 07:29

Q4 Trading Update:
Thoughts?

Charles Wilson "This was a good end to a good year. We achieved strong customer satisfaction scores, and sales and profits were the best we have ever achieved. The integration of Makro into the Group has gone smoothly which has allowed us to improve choice, prices and service to our catering and retail customers. Despite price deflation, we have grown like for like sales and Booker Group remains on track to Focus, Drive and Broaden the business to be the UK's leading wholesaler."

[nar1] 01/4/2015 16:12

Heading down

[pilly11] 26/3/2015 14:33

35p cut by Goldman leads to a 7p drop today!

[woodpeckers] 26/3/2015 12:48

Just found this, may account for the excessive drop..

FLASH: Goldman Sachs cuts Booker Group to neutral from buy, target cut from 200p to 165p

[woodpeckers] 26/3/2015 09:52

The 250 is down 1.5% so my guess is that the mms are using it as a chance to hit a few stops at 150p to pick up some shares with full year results out next week.

Good opportunity to pick up a few on the cheap IMO.

[blondviking] 26/3/2015 08:51

Why the drop this am?

[woodpeckers] 18/3/2015 20:11

‘The hidden income gems I buy outside the FTSE 100 index’

"there are many that have plenty of excess cash to continue growing the dividend for years to come, such as Booker Group, WH Smith and Restaurant Group. As well as increasing divi payments these shares have performed really well because these businesses have much more scope to grow more quickly than the big multinational companies."

[cestnous] 06/3/2015 09:38

From I.C. today;

BOOKER
Within the blighted, although now recovering, food retail sector lies a hidden gem: Booker
Group (BOK:160p). Booker is a large cash-and-carry wholesaler, but it’s also a major caterer to leisure outlets, restaurants, cafés and pubs. And that corner shop down the road, branded Premier, that’s a Booker brand too. So, while the group might not be the most exciting business on the stock market, it’s all around us and it’s a steady one, with a competent management team, set on solid, long-term sustainable growth. That much was clear from the first six months of this year, when Booker reported robust results: operating profit was up 15 per cent. And, 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. It has a history of generous shareholder returns and has a cash-rich balance sheet. The shares remain enduringly attractive. JB

Nice