Booker Group Share Discussion Threads

[chilledascanbe] 24/2/2018 12:39

To be precise....for each Booker Scheme Share: 0.861 New Tesco Shares; and
42.6 pence in cash

[chilledascanbe] 24/2/2018 12:13

Kerry Hufton - sorry for the late reply - I have been away too - They will automatically apply the 42p per share and give you 0.86 Tesco shares for every Booker share you own if you don't say otherwise. You will receive the dividend if you hold your shares until COB 1st of March. You have to 'elect' what you want to do with regard to whether you want more cash, less shares or less cash, more shares. Obvs less cash means less tax to pay to the tax man, if your holding is significant. If you hold them in certificated form, you should have received the paperwork. If via a nominee account, you should ask your broker to make the elections for you (they will probabaly not offer this service voluntarily - you will have to ask). If you want to vote, you will need to get the forms from Booker website. As predicted, if the deal goes through, Charles wilson will be in charge, which can only be a good thing.

[kerry hufton] 12/2/2018 22:02

Chilledascanbe. do they automatically do the mix and match facility if you do nothing? Tia

[kerry hufton] 12/2/2018 22:01

Chilledascanbe. do they automatically do the mix and match facility if you do nothing? Tia

[chilledascanbe] 12/2/2018 21:10

Stick with your booker shares. If you have loads, make sure you deal with the mix and match facility (check with your broker) to make sure you don't get stuck for tax. Tesco will see happy days eventually due to Wilson becoming guy in charge. Tesco shares will be good investment (taking into account current wild market activity). Hope this helps.

[kerry hufton] 12/2/2018 20:22

I am really lost in all this unsure which way to go and I'm on holiday when the merger takes place. Please help

[chilledascanbe] 08/1/2018 16:49

It depends whether you think Tesco will do well in the future or not, bearing in mind Charles Wilson will probably be running the show eventually. The cash from the deal will attract CGT and the divi from Tesco is meagre at present. As a previous poster said - maybe better to wait until next month to decide. I guess it's unlikely Booker shares will suffer in the long term if the deal is ultimately rejected by shareholders.

[1kempy] 08/1/2018 14:59

I have about 8500, booker shares,what does that mean for me should I sell my shares ,I need advice,please

[blunderbuss] 22/12/2017 10:25

Very pleased

[chilledascanbe] 22/12/2017 09:52

Thank you for your posts. It will be interesting to see what major Booker shareholders have to say in Feb, when they will have to vote whether to accept the deal in March. Potentially a spanner in the works for the deal? Booker have being paying a very nice dividend for the last few years, due to their strong cash position, in comparison to Tesco's meagre offering. However, if Charles Wilson takes an active role in Tesco's development, their performance could improve greatly. But I do feel we would be swapping out shares in a cash rich company at the top of it's trading sector, for one in a cut throat market threatened by the likes of Aldi & Lidl...Shame they're not hooking up with Amazon - similar to the Wholefoods deal.

[kickingking] 21/12/2017 21:01

From my calculation you will be about £43 per 1000 shares worse off. If the tesco share price remains 18p lower. If I had Booker shares I would wait until the last moment and decide then.

[chilledascanbe] 21/12/2017 17:05

OK - Each Booker shareholder will receive 0.861 Tesco shares and 42.6p in cash per Booker share • Based on the closing price of 189.0 pence per Tesco share on 26 January 2017, this represents: – a value of approximately 205.3 pence per Booker share; – a value of approximately £3.7 billion for Booker’s ordinary share capital;

So tell me - what do booker shareholders think about the current trading price of 226p? Some 20 odd pence higher than the offer from Tesco?

[chilledascanbe] 21/12/2017 16:38

OK - Each Booker shareholder will receive 0.861 Tesco shares and 42.6p in cash per Booker share • Based on the closing price of 189.0 pence per Tesco share on 26 January 2017, this represents: – a value of approximately 205.3 pence per Booker share; – a value of approximately £3.7 billion for Booker’s ordinary share capital;

So tell me - what do booker shareholders think about the current trading price of 226p? Some 20 odd pence higher than the offer from Tesco?

[blunderbuss] 11/12/2017 14:45

Must say it's pleasing to see how perky BOK has become since getting through 220. Maybe people really do take notice of broker recommendations?

[malcontent] 08/12/2017 09:59

wondering if the Competition enquiry would have drawn a different conclusion if P&H had gone bust before they reached a judgment.....

[blunderbuss] 01/12/2017 12:15

Looks like a lot of people have a 220 sell target