Booker Group Share Discussion Threads

[woodpeckers] 14/3/2013 09:06

We've all done it chick. Jump back on, this horse is really starting to gallop now. :-)

[chickcrumbs] 14/3/2013 08:49

Note to self:

Next time one of my gooduns doubles don't sell half...

[woodpeckers] 14/3/2013 07:56

14 March 2013

Booker Group plc

COMPETITION COMMISSION PROVISIONALLY CLEARS BOOKER'S ACQUISITION OF MAKRO

Great news this morning. It will be interesting to see what the market values it at. I bet the BOD are delighted that they can start putting their plans in to action at last. At least they've had plenty of time to consider the best way forward.

[blondviking] 14/3/2013 07:53

Great news - Booker Group plc welcomes today's announcement from the Competition Commission that it has provisionally decided to approve its acquisition of Makro Holding Limited. The Commission has reviewed the transaction and provisionally concluded that it does not expect it to result in a substantial lessening of competition at a national or local level.

The Commission is expected to publish its final report by 24 April 2013, the statutory deadline for completion of its inquiry. Booker will continue to work closely with the Commission throughout the remainder of the inquiry.

[woodpeckers] 12/3/2013 18:24

We seem to have hit a much steeper uptrend since we went through £1. :-)

Dontcha just love boring shares!!!!

[woodpeckers] 26/2/2013 14:47

Booker Group Receives "Overweight" Rating from Barclays Capital (BOK)
February 25th, 2013 - 0 comments - Filed Under - by Jeff Wilder

Booker Group logoBooker Group (LON: BOK)'s stock had its "overweight" rating restated by equities researchers at Barclays Capital in a report issued on Monday. They currently have a $1.74 (115 GBX) target price on the stock.

Booker Group remained flat at GBX 114.70 during trading on Monday. Booker Group has a 52-week low of GBX 72.05 and a 52-week high of GBX 117.40. The stock's 50-day moving average is currently GBX 94.36. The company's market cap is £1.876 billion.

A number of other analysts have also recently weighed in on BOK. Analysts at JPMorgan Chase initiated coverage on shares of Booker Group in a research note to investors on Wednesday, February 20th. They set an "overweight" rating and a $1.89 price target on the stock. Separately, analysts at Investec reiterated a "buy" rating on shares of Booker Group in a research note to investors on Thursday, January 17th. They now have a $1.73 price target on the stock. Finally, analysts at reiterated an "underperform" rating on shares of Booker Group in a research note to investors on Thursday, January 3rd. They now have a $1.37 price target on the stock.

Booker Group plc is a food wholesaler. In the United Kingdom, the Company has cash and carry business centers and a national delivery network, which includes the Ritter-Courivaud and Classic Drinks.

[woodpeckers] 20/2/2013 09:53

Looking very strong again this morning. I'm guessing there's a big buyer in the background. £1.50 here we come1!)

[choppa] 19/2/2013 22:01

I'll be happy with that :-)

[woodpeckers] 19/2/2013 21:02

Me too, but I think this is on it's merry way to 150p now....

[choppa] 19/2/2013 18:50

Nice rise. Looking to add if there is any weakness.

[woodpeckers] 19/2/2013 15:03

Don't know if this is responsible for the perky price today, but looking good!:-)

JP Morgan Cazenove starts overweight on Booker Group, target 122p

[woodpeckers] 14/2/2013 18:40

Don't think you'll go far wrong with this one, pilly. At the end of the day, the future of companies like this are all down to management and I think you would have to go a long way to find better than the Booker BOD.

A clip from The Independent which i missed in case you're interested:

Derek Pain: The trio that's keeping me in high spirits

No Pain, No Gain
Derek Pain

Friday 25 January 2013

Latest trading updates from the no pain, no gain portfolio have been remarkably enthusiastic. A trio of members - Booker, Mears and Spirit Pub Co - have kept up the encouraging tone set nearer the start of the year by constituents Animalcare and TEG.

It seems that the portfolio's "high five" are maintaining the exuberant nature of the stock market's run of New Year trading statements. True, once powerful names on the high street have encountered debilitating difficulties and the nation's economic revival may be causing some concern, but the overall City picture is considerably brighter than many anticipated. No wonder the Footsie has hit its highest level for some years.

Investors have come to expect strong performances from the Booker cash and carry group. It did not disappoint. Third quarter sales rose 3.1 per cent, pushing the shares ahead to around 100p. I believe they would be higher but for the uncertainty created by the Competition Commission's examination of the group's £140m take-over of the rival Makro chain. The Commission is unlikely to report for a few months. Charles Wilson, Booker's chief executive, seems optimistic the deal will eventually be cleared. He declares: "We are excited about the opportunity of Booker and Makro coming together". Makro has found the going tough in recent years and the Wilson team clearly have high hopes of quickly reviving it.

[woodpeckers] 12/2/2013 18:30

There's no stopping it pilly!

It never ceases to amaze me this one! For such a 'safe' investment it's looking unbelievably lively. I've a feeling we could soon be in for a nice surprise somehow, there must be something in the offing to keep these rises motoring.

You might be right on the divi suggestion. Good way of rewarding the directors for the great job they're doing as they all have plenty of shares.
Perhaps the Makro situation is approaching a favourable conclusion??? More likely it's something completely new is my guess.

Watch this space. :-)

[pilly11] 12/2/2013 12:05

How much further can this go? See they are expanding in India... must be good news. Dividend increasing too?

[woodpeckers] 06/2/2013 10:22

Well I certainly didn't expect to see this hitting 110p before the Macro situation was sorted! Never found myself hoping for a pull back before here but it would be nice to top up and I can't help but feel that we're at the top of that upward trend.

[choppa] 26/1/2013 11:19

Yep this is starting to run away from £1 now. Adding to my holdings here.

[blondviking] 25/1/2013 14:54

Nice tick up today, surely there must be something on!

[blondviking] 22/1/2013 16:37

Interesting times. This one was my banker in 2012 with a high % of my portfolio. Very happy to hold and watch it grow.

[woodpeckers] 22/1/2013 16:15

Looks like we don't have to wait for April! Certainly very perky here this afternoon. Something brewing???? :-)

[woodpeckers] 17/1/2013 12:42

Absolutely, blondviking. I think this will flatline until then so for once I have not added! I'll be looking to do so though nearer 24th April when we will hopefully get a nice rns which will push us through the £1 barrier that we keep hitting at the moment.

[blondviking] 17/1/2013 07:53

Another good trading update. This will really fly once they get the Makro Holding Limited (Makro)situation sorted.

[sweenoid] 27/11/2012 12:10

Options package seems very fair to key staff AND investors

I have no problems with good rewards if they are EARNT

The tie-in period is 3 years , good achievable targets that are totally incentivising

S