Booker Group Share Discussion Threads

[woodpeckers] 13/12/2013 07:56

Nice to be top of the list here!



Festive winners: The 12 stocks tipped for Christmas success

By: Your Money
12 Dec 2013

Gifts under Christmas tree
Graham Spooner, investment research analyst at The Share Centre, picks 12 stocks he thinks could benefit from the festive period.

Booker Group

As restaurants see an increase in footfall, the cash and carry operator, Booker Group, could see an increase in demand and benefit from this. The management has turned the group's fortunes around and the company continues to win new contracts and expand its consumer base. Christmas should bring the group more good news.

[malcontent] 07/12/2013 17:31

funny how stocks go...in 2008 BOK was 20p, so a £2.14 target is a tenbagger in 5-6 years
not too shabby..

[pilly11] 06/12/2013 21:31

Decent week, no major drop, will need to take a breather at some point

[pilly11] 02/12/2013 18:50

Hahaha. A positive piece of news in January and we might not be too far off

[woodpeckers] 02/12/2013 18:36

Just realised that Goldman Sachs' target of £2.14 gives us an mc of £3,720.88m and literally puts at position 90 (automatic entry)! Coincidence or what????


price M.C.
91 MRO Melrose Industries FTSE 100 292.10 3,699.8

[woodpeckers] 02/12/2013 18:18

Croda will most likely be dropping to the 250 based on their current share price I think. Maybe we'll be pushing them out of their spot. :-)

[woodpeckers] 02/12/2013 18:10

Hi pilly,

Automatic entry is position 90 which is presently RSA and their mc is £3,827m. To equal this, I calculate the BOK share price would need to be £2.20. £2 would give us a mc of £3,477m which I think would do it based on present levels.

100 AHT Ashtead Group FTSE 250 695.50 3,500.8
101 TW. Taylor Wimpey FTSE 250 106.40 3,437.3

£1.80 would only give us an mc of £3,129.71 so probably not enough I don't think.

[blunderbuss] 30/11/2013 14:10

I wondered about that, they still have a large amount.

[woodpeckers] 30/11/2013 08:08

Personally think CW is determined to grow this into a FTSE100 company. Haven't worked it out, but I guess they would qualify when the share price reaches about £2ish wouldn't they, so I'm guessing we can look forward to that sort of figure in the not too distant future. As I mentioned before, I think he is very in 'control' of the sort of targets analysts give out and they have really jumped recently.

I would imagine Schroeders dumped a few because the share price had risen and they are only allowed a certain proportion of their funds in any one company.

[blunderbuss] 30/11/2013 07:27

Hmm, so Schroeders dumped 1.8 m shares on the 28th? Doesn't seem to have done any damage to the share price Someone was a willing buyer.

Spot on malcontent. I have (a very very long time ago) made the mistake of taking profits during a strong and inexplicable rise, only to see the share price double from my sale price when the company was taken over.

[malcontent] 29/11/2013 15:59

euch...

I have a biggish holding of these (started to accumulate in the Blueheath days..) and normally I can spot-ish a top and sell off a largish chunk and just keep the rump. But these keep on going and i am not sure what is going on. I am NOT complaining, but in previous stocks, when I don't understand, I just hold and wait and see, especially since these are not a penny punt/oiler/etc.

Anyone out there have a decent explanation why this solid, prosaic business is soaring like an eagle? And any considered sell targets out there?

[blunderbuss] 29/11/2013 09:33

Some may also be wishing to close shorts?

[pilly11] 28/11/2013 18:57

Looking really good here, onwards and upwards!

Although I imagine some will be hovering over the sell button to lock in some £££

[mechanical trader] 28/11/2013 14:24

Booker Group (LON:BOK) had its overweight rating reaffirmed by analysts at Barclays. They currently have a GBX 187 ($3.04) target price on the stock.

SP TARGET....187p

[woodpeckers] 28/11/2013 12:45

Well spotted skinny, here's the link:



Booker Group Price Target Raised to GBX 187 at Barclays (BOK)

Posted by Zach Kirkland on Nov 28th, 2013 // No Comments
Share on StockTwits

Booker Group logoEquities researchers at Barclays lifted their price objective on shares of Booker Group (LON:BOK) from GBX 150 ($2.43) to GBX 187 ($3.04) in a research report issued on Thursday, American Banking News.com reports. The firm currently has an "overweight" rating on the stock. Barclays' price objective would suggest a potential upside of 16.15% from the company's current price.

Booker Group (LON:BOK) opened at 165.90 on Thursday. Booker Group has a 1-year low of GBX 96.75 and a 1-year high of GBX 163.50. The stock has a 50-day moving average of GBX 149.4 and a 200-day moving average of GBX 133.8. The company's market cap is £2.872 billion.

A number of other firms have also recently commented on BOK. Analysts at Goldman Sachs Group Inc. upgraded shares of Booker Group to a "strong-buy" rating in a research note to investors on Thursday, November 14th. They now have a GBX 214 ($3.47) price target on the stock, up previously from GBX 135 ($2.19). Separately, analysts at Berenberg Bank initiated coverage on shares of Booker Group in a research note to investors on Wednesday, November 6th. They set a "buy" rating and a GBX 164 ($2.66) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Booker Group in a research note to investors on Monday, October 28th. They now have a GBX 160 ($2.60) price target on the stock. Five research analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Booker Group currently has a consensus rating of "Hold" and a consensus target price of GBX 197.11 ($3.20).

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.

[blunderbuss] 28/11/2013 09:17

As Marvin sang ...... "what's going on?"

[skinny] 28/11/2013 09:15

Barclays Capital Overweight 0.00 161.00 - 187.00 Retains

[woodpeckers] 28/11/2013 09:03

Yes, Quarter 3 Interims due mid Jan. Looking at the share price today though, can't help but wonder if we aren't going to get some news before then!!!! :-)

[pilly11] 26/11/2013 09:36

Are we expecting next bit of news mid January?

[woodpeckers] 20/11/2013 18:16

From The Motley Fool:

3 FTSE Shares Hitting New Highs: Vodafone Group plc, Associated British Foods plc and Booker Group Plc

By
Alan Oscroft
Email

Published in Investing on 20 November 2013


Vodafone Group plc (LON: VOD), Associated British Foods plc (LON: ABF) and Booker Group Plc (LON: BOK) continue to climb.

With the recent mini-surge from the FTSE 100 (FTSEINDICES: ^FTSE) having come to an end and the index of top UK shares dropping a further 28 points today to 6,670, its regaining the 13-year high of 6,876 points set in May is looking more remote. But it is only 206 points, and a year-end rally could still do it.

Meanwhile, which individual shares are reaching their own highs? Here are three from the FTSE indices that just keep on keeping on:
Vodafone

Since the sell-off of its stake in Verizon wireless, Vodafone Group (LSE: VOD) (NASDAQ:VOD.US) has seen its share price just soar, and it climbed to yet another new 52-week high of 234.35p on Monday, before dropping back a little along with this week's general bearish sentiment to 227p today.

That's a rise of 42% over the past 12 months, and a 38p (20%) hike since the Verizon news broke in August. After that, the shares are still on a relatively undemanding forward P/E of 15 with a 4.5% dividend yield forecast.
Associated British Foods

Associated British Foods (LSE: ABF) is storming ahead, with its shares having climbed to a 52-week peak yesterday of 2,354p -- today the price is back to 2,328p, but that's still up more than 60% over the past 12 months.

The firm has enjoyed year-on-year earnings rises, though it does only pay out a modest (but thrice-covered) dividend with a yield of around 1.5%. And though the firm's food businesses have been doing well, the star of the show has been budget clothing chain Primark, which chief executive George Weston described as having had a "remarkable year" at annual report time on 5 November.
Booker

Booker Group (LSE: BOK) shares have had a meteoric rise from their 2009 low-point of 21p, coming close to nearly seven-bagging since then to 161p today, including a 60% rise over the past 12 months.

Forecasts for the year to March 2014 put the food wholesaler's shares on a forward P/E of 29 now, which many will think too rich, especially with a lowly dividend yield of under 2% -- but we do have two more years of double-digit growth in earnings per share forecast for this year and next.

[woodpeckers] 15/11/2013 21:27

They're definitely expanding which is obviously a good sign.

[blunderbuss] 15/11/2013 10:31

That makes sense wp