Booker Group Share Discussion Threads

[qs99] 23/6/2016 09:52

anyone know what is going on at competitor WINcanton...up nearly 10% in early trading?

[gbh2] 16/6/2016 09:06

Picked up a few, price too good to ignore imo.

[shepc] 18/5/2016 13:13

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

[woodpeckers] 18/5/2016 09:29

I know the BOD do a May Roadshow to investors, they must be saying something pretty amazing to have this effect!

[npp62] 18/5/2016 08:51

Mentioned on Bloomberg this morning. In a positive way.

[geoff21] 18/5/2016 08:42

Goldman's 'buy' and price target 198p

[ayl30] 18/5/2016 08:40

GS upgrade rumoured?

[shepc] 18/5/2016 08:37

No idea, my ADVFN app says there's 'News' but can't see any?

[woodpeckers] 18/5/2016 08:23

What's going on here then???? 5.5% up on no news?! Has Bok turned in to a leaky ship???

[ayl30] 31/3/2016 11:05

QS99 - it might be if Charles Wilson was running it but I am sticking with his proven mgt of BOK

[qs99] 31/3/2016 08:27

surely WIN is better value IMO?

[ayl30] 19/2/2016 10:40

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"

[woodpeckers] 19/2/2016 10:32

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???

[ayl30] 18/2/2016 20:00

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.

[woodpeckers] 17/2/2016 19:10

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.

[pilly11] 05/2/2016 18:43

Very much needed after the dip, didn't buy anymore but anyone who bought at 150p has done well

[woodpeckers] 04/2/2016 18:40

Anybody else enjoying this ride back up or am I flying solo? :-)

[woodpeckers] 27/1/2016 11:12

Good to see the non execs buying at this level.

[woodpeckers] 14/1/2016 16:33

I agree guys, topped up a little early yesterday but I've no doubt that they will soon be in profit. Anything that doesn't look perfect in results gets totally hammered in the present markets but this is a solid growing company so I have no worries.