Booker Group Share Discussion Threads

[nar1] 29/5/2014 20:58

Still in the red for me chaps but looking forward to the divi and special divi in June

[woodpeckers] 29/5/2014 15:37

I think we'll look back in a month or so and say it was a "bargain' price to get in, pilly. Certainly good to see my holding back in the blue, not used to seeing red with Booker!

[woodpeckers] 29/5/2014 10:13

Think those investor presentations must be going well. :-)

[pilly11] 26/5/2014 18:52

Investec restate buy rating target 178

[woodpeckers] 23/5/2014 13:03

The Telegraph
Mid-cap share tip of the week: Booker



"Nigel Thomas, who runs the Axa Framlington UK Select Opportunities fund, has been buying shares in the firm."

Let's hope he continues!

[pilly11] 22/5/2014 13:01

Fruit, i havent been trading this share but want to add at a good price for the long term. I appreciate your thoughts. I believe at this price a significant proportion of risk has gone... but everyone wants better ;)

[woodpeckers] 22/5/2014 12:55

Fruit, I appreciate that it's a matter of opinion and confidence, but bearing in mind CW's comments "Booker's trading in the first seven weeks of the current financial year was ahead of 2013/14," and " This should help the Group grow to an estimated GBP6bn of sales in the next few years." I'm not anticipating any slowing of growth. In fact I was surprised to read those comments by CW as he is famous for underestimating forecasts which leads me to believe that he is now VERY confident in future growth.

[woodpeckers] 22/5/2014 12:48

Hi mrm, not sure unfortunately how much the Indian side contributes to the overall profit as they don't itemise it on the accounts. They have 6 stores at present, though it now sounds as though they intend to increase that number, which makes me think that they don't foresee a problem. Also the fact that Metro were last week talking about increasing the number of their stores to 50 from (I think) 16 suggests to me that they too are confident that they will be able to stay. Booker's 6th store is a joint venture which may also help matters.

Agree it's a shame about today's drop and particularly surprising as the results beat broker forecasts. I think it is possibly due to the whole retail sector being down, though quite why it should affect us is anybody's guess. Booker often perks up in the afternoon of results or even the next day when the news has been assimilated by the institutions as it is not really a big PI play.

The BOD will be doing investor presentations over the next few days I'm sure, which should push the message home that this really is one of Britain's great success stories so I have been seeing it as an opportunity to buy back my original holding.

[blondviking] 22/5/2014 12:30

This must be a buying opportunity

[woodpeckers] 22/5/2014 09:53

Just a taster of things to come.....

"Booker's trading in the first seven weeks of the current financial year was ahead of 2013/14, Wilson added."

[skinny] 22/5/2014 09:29

Investec Buy 142.95 142.40 178.00 178.00 Reiterates

[blunderbuss] 22/5/2014 09:27

Fruity - sub-140 was the opportunity. Climb onboard while you still can

[woodpeckers] 22/5/2014 08:52

Fruit - " I personally want to get in here as low as possible .."

Well that's obvious! :-) I think this is as low as it's going to go though so I'd jump on board if I were you. This company is a cash cow and as for a p/e of 10, no chance. The average p/e in the FTSE 250 is 22.

[pilly11] 22/5/2014 08:39

What price you looking for Fruit?

[fruitninja84] 22/5/2014 08:24

Panic sell off about to kick in? I love booker but is so pricy and historically even the best companies get there share price hammered down to a p/e of 10 at somepoint?? I personally want to get in here as low as possible ..

[woodpeckers] 22/5/2014 08:12

I think the price will start to take off this afternoon, it usually takes a while to filter through with Booker! ;-)

[pilly11] 22/5/2014 08:03

'Our best ever customer satisfaction at Booker and Makro'...

People are going to return over and over again.

Perhaps people did know yesterday what the results were going to be!

[nar1] 22/5/2014 08:03

Solid company

[woodpeckers] 22/5/2014 07:36

"We are reviewing growth options in India and look forward to developing the Booker offer to become the best choice, price and service supplier to Kirana stores and caterers."

Doesn't sound as though CW is thinking of moving out any time soon.....

[woodpeckers] 22/5/2014 07:33

CW and his team certainly know how to turn a business round!
Makro
"we have improved profits from a loss of GBP18m in 2012, to a profit of GBP11m this year."
I wonder what metro think when they read that!

"This should help the Group grow to an estimated GBP6bn of sales in the next few years."
Lots more profit to hand back to shareholders!!!

[woodpeckers] 22/5/2014 07:23

Brilliant results!!!

Profit after tax up 38%! Net cash £149.6m :-)

6.7p total div this year and more next year.

Think we can anticipate a very blue day!