Booker Group Share Discussion Threads

[woodpeckers] 16/1/2014 14:06

Mmmm, not too sure what the market was hoping for....All looks good to me.

Booker Group PT Raised to GBX 172 at Investec (BOK)

Posted by Shane Hupp on Jan 16th, 2014 // No Comments

Booker Group logoResearch analysts at Investec increased their price target on shares of Booker Group (LON:BOK) from GBX 149 ($2.46) to GBX 172 ($2.83) in a report released on Thursday, StockRatingsNetwork reports. The firm currently has a "buy" rating on the stock. Investec's price target points to a potential upside of 7.57% from the company's current price.

[pilly11] 16/1/2014 10:11

Looking very likely now fruitninja, may have add to my holding shortly

[mechanical trader] 16/1/2014 09:29

16 Jan 2014 Booker Group PLC BOK Investec Buy 158.70 159.90 149.00 172.00 Reiterates

SP TARGET 172p.

[fruitninja84] 16/1/2014 09:02

Think my 155 is in the post here :)

[chickcrumbs] 16/1/2014 08:57

I think it was priced in already.

[pilly11] 16/1/2014 08:36

Decent results although the market does not seem to have taken it well

[mechanical trader] 16/1/2014 07:58

Excelent results like for like up over 4%.....



For Immediate Release
16 January 2014

Booker Group plc ('Booker')

Quarter Three Interim Management Statement

Booker Group, the UK's leading food wholesaler, is pleased to announce its trading performance for the 16 weeks to 3 January 2014. Total sales in the 16 weeks, including Makro, rose by 19.1% on the same period last year. Booker like-for-like total sales (excluding Makro) were 2.0% higher with non tobacco like-for-likes up 4.1%.




16 weeks to
3 January 2014


Total

%
Tobacco

%
Non Tobacco
%
Booker Group
Total (inc Makro)¹
19.1
1.6
29.3
Booker
Like-for-like
2.0
(1.7)
4.1


Booker Wholesale, our cash and carry division, had a good quarter. Customer numbers were up and sales were in line with expectations.

Booker Direct, Ritter, Classic and Chef Direct also had a good quarter. Chef Direct, the foodservice business we launched in 2012, is now supplying over 250,000 meals a day to our clients.

The Makro turnaround is progressing well. Non tobacco sales were down 5.9% in the 16 weeks having stopped selling some consumer ranges such as televisions. Cash and profits at Makro were in line with expectations.

Sales in India are continuing to make progress from our six branches.

The outlook for profits and net cash for the year remains in line with expectations.

Charles Wilson, Booker Chief Executive, said:

"This was a good quarter with non tobacco like-for-likes up 4.1%. Our plans for bringing Booker and Makro together are on track. We continue to improve the choice, prices and service to catering, retailing and small business customers in the UK."


Notes:
1. Makro was consolidated from 19 April 2013
2. Sales are stated net of value added tax
3. Makro's like-for-like sales decrease reflects its sales in the 16 weeks, compared to its performance as a standalone business in the equivalent period in the prior year


ENDS

For further information contact:
Tulchan Communications (PR Adviser to Booker Group plc)

[blondviking] 16/1/2014 07:36

Good solid set of results - Booker Group, the UK's leading food wholesaler, is pleased to announce its trading performance for the 16 weeks to 3 January 2014. Total sales in the 16 weeks, including Makro, rose by 19.1% on the same period last year. Booker like-for-like total sales (excluding Makro) were 2.0% higher with non tobacco like-for-likes up 4.1%.

[woodpeckers] 15/1/2014 18:00

Well the markets aren't showing a lot of confidence in tomorrows results. Let's hope CW has a little something special up his sleeve for us. (Obviously "in line with expectations"....)

As there will undoubtedly be the usual rush to comment on the results I suggest we agree to form an orderly queue at the door........ ;-)

[woodpeckers] 14/1/2014 13:20

Thursday

Booker Group (interim management statement)

Investors will be keen to receive a progress update from Booker and how the integration of the UK operation of Makro is befitting its bottom line. How its tentative expansion into the Indian market is progressing will also be of interest.

We currently have Booker as a BUY

[woodpeckers] 14/1/2014 11:01

Booker Group Receives Overweight Rating from Barclays (BOK)

Posted by Shane Hupp on Jan 13th, 2014 // No Comments
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Booker Group logoBarclays reaffirmed their overweight rating on shares of Booker Group (LON:BOK) in a research note issued to investors on Friday, American Banking and Market News reports. The firm currently has a GBX 187 ($3.08) price target on the stock.


Interims on Thursday. Good buying op today.

[fruitninja84] 09/1/2014 16:48

Here it is boys ;) RTN looking good :) may wait as I feel this had a bit of downside left yet ...

[pilly11] 05/1/2014 19:16

I made the mistake of hoping a dip would happen to buy in at a better price and it never came!

If it dips to 155p I will join you in buying some more Fruit!

[fruitninja84] 04/1/2014 13:44

I was in at 124 and out at 150.5 at target. At the time the market was taking a breather and i wanted back in around 145 so took my profits. But its kept going up and now looking close to FTSE 100 territory.. We will see if jan/feb takes a pullback and i will be sure to buy back into a dip

This is a premium company and likely to make ftse 100 but this year?

Keeping my grubby fingers crossed for 155 or below.

[blunderbuss] 04/1/2014 08:57

Well if the past is a guide to the future and the gentle sideways/upwards movement continues then we should see erratic progress to about 180 over the next 6 months or so followed by a big leg up to well over 2 quid.

[woodpeckers] 03/1/2014 20:59

Not sure it's going to happen Fruit, this present sideways movement might be as near as you'll get. Just go for it, you know you want to! ;-)

[fruitninja84] 02/1/2014 11:57

So bad want to see this at 150 again so I can jump back on board :)

[woodpeckers] 19/12/2013 13:17

Yes, a bit of sideways consolidation at this level won't hurt before it continues it's climb.

[pilly11] 19/12/2013 13:12

SP looks to be settled in a 162-165p channel. More savings next year from Makro and a cash return of £60m in dividends. Lots going on

[woodpeckers] 18/12/2013 17:01

For those who are put off by the PE.....



(...not suggesting we have another Asos here, by the way!)

[malcontent] 17/12/2013 13:34

I always read it as a bullish sign when a share-price holds steady as the RSI and MACD come back towards the norm

[woodpeckers] 15/12/2013 21:09

Don't doubt it for a minute pilly! Merry Christmas! :-)