Boot (henry) Share Discussion Threads

[hjs] 30/3/2004 12:40

Down today as HSBC has downgraded.
HSBC, cut its recommendation on the group to 'reduce' from 'add'.

[the knowing] 30/3/2004 12:21

Anyone seen the ML note with 8.00 price level.

[bangsi] 30/3/2004 10:14

Back down again today. Bouncers taking their profit or further lows to come ?

[mitzis] 29/3/2004 16:05

Nice re-bound..!

[corpbull] 29/3/2004 11:03

Reinvestment is good. Every organisation needs to improve to be competitive, new products etc. Market over reacted on rumours from MM and analysts.

[365] 29/3/2004 08:32

are you able to put a 5yr chart up too?

[hopi] 28/3/2004 22:23

Would anyone like me to put a chart and news back in the opening post ?

[365] 28/3/2004 22:09

looks like a test of 600p support first,if that fails 500p has good support over last 5yrs. That's the bottom line,maybe a dead cat bouce first though. BOOTS is in trouble and has got left behind, many problems to overcome and plenty of competitors who are more nimble than this slumbering old giant.

[bmw535i] 28/3/2004 17:19

tipped in the times,excellent!imo moveback to 665-670 on monday.rsi 14 suggesting next move is up.

[killa] 28/3/2004 14:36

Sharewatch: Prescription for success
Edited by Paul Durman



BOOTS and J Sainsbury both issued trading statements on Friday. That wasn't the only thing they had in common.
The announcement by Richard Baker, the new Boots chief executive, that he needed to make a "significant investment" to improve competitiveness and efficiency was eerily similar to what Sir Peter Davis had to say when he arrived at Sainsbury four years ago.



That is not a happy comparison. Sadly, the Davis years, and the £3 billion he has spent on a transformation programme, have done little to narrow Tesco's lead. Little wonder, then, that shares in Boots plummeted 13%.

Boots also faces competition from Tesco and from Asda, as they expand their offerings of toiletries and over-the-counter medicines. Yet surely there is a danger in pushing this comparison too far.

While their product ranges may overlap at the margins, Boots will never be as central to Tesco bosses' thoughts as Sainsbury.

Moreover, a large proportion of its products are ownlabel or exclusive to Boots, such as the popular No 7 make-up range. These offer higher margins than commodity items such as toothpaste and shampoo.

Second, the trusted pharmacy business clearly differentiates Boots, and the dispensing market is growing at between 7% and 9% a year. The group has now delivered seven consecutive quarters of sales growth.

Baker had always hinted that investment would be needed in the stores, so the news should not have spooked investors as it did. He has done a good job since he landed in Nottingham last September. We're impressed by thoughtful initiatives, such as the move to attract customers into the stores by offering the old GUS Additions catalogue. Take him at his word that the 2006 financial results will show the rewards, and buy the shares at 623½p.

[coolforkats] 28/3/2004 13:15

good article here

[bushwacker63] 28/3/2004 09:15

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[maplinrover] 27/3/2004 22:51

hopi
Bring back your bat and ball and we'll let you take a profit instead of a loss on Boots.

[hopi] 27/3/2004 22:04

If people ask me, I'll answer them :o)

[maplinrover] 27/3/2004 20:42

hopi
You can't take it can you. People will ask whether you have removed your posts for the reason you give or because you have been shown up.

[hopi] 27/3/2004 17:43

maplinrover - 27 Mar'04 - 16:19 - 82 of 82

BIGNOSE

You really must be 'burning up' over those shorts you had in January.
It's a pity your 'timing' is so poor.. LOL

I'm NOT going to post every single trade I ever make. I'm certainly not going to give YOU a running commentary on the state of my finances. Some people were interested in TQ and as one of the options are for a portfolio of 10 asked if I would post my selected 10. In the main I'm sticking to TQ signals. If I decide to waver from the signals that is my business. Now stop being so bloody impolite or post your day to day finances for me to 'investigate'.

You also refer to my 'slender' resources.. we can't all be rich like you..

[maplinrover] 27/3/2004 16:19

hopi
You say "I have just bought some..." (first post on this thread). On another thread you say that you had averaged BOOT buys at under 700p. On yet another thread, Tradequant Help and Support, you refer to your (slender) resources limiting you to 5 or 6 holdings out of the ten you have selected for your Tradequant trading system. I take it that your limited resources and your worldly wisdom would prohibit an unbalanced portfolio and that you would avoid paying more than one lot of commission for a 'normal' sized holding.
Perhaps you could clarify this?

Did you sell at 753p because you were following strictly the Tradequant system or did you sell for some other reason?

If for another reason, would that not invalidate your findings which you so generously publish on a weekly basis? After all the purpose of your updates is to help others to decide whether Tradequant is worth having? Not following the system would invalidate your otherwise excellent research updates, would it not?

Excuse my intrusion but others may not appreciate your public spiritedness in providing test criteria for THE TRADEQUANT HELP AND SUPPORT thread. Those who are not aware will almost certainly find it worthwhile to visit it.

[taffychaff] 27/3/2004 08:06

don't forget the whsmith situation,as the price fell the city realised that it became attractive to potential bidders.

No doubt 580-600p will be tested and I would consider buying at these levels.

As for the pension deficit, boots in 2000/2001 came out of equities and into bonds so their pension deficit is one of the lowest in the ftse.BA I believe has a deficit of over a billion

Note:glad they didn't mention the dirty fork in the results!

[psps] 27/3/2004 05:37

Denamrk,
thanks for the info.

[demark] 27/3/2004 00:12

psps,
interesting clips from tomorrow's ft and today's citywire. the extracts are as follows;

ft;
Shares fell from 714½p to 623½p after analysts cut at least £100m - about 15 per cent - from their profit forecasts for next year and almost unanimously downgraded the stock to a sell.

citywire;
Barclays maintained a sell rating on Boots expressing concern over the company's plans to extend the 'lower prices you will love' scheme.

Rachael Waring of Numis Securities was more bullish, upgrading Boots from reduce to hold, picking up on the strong like-for-like sales in the fourth quarter. Waring is also attracted by reinvestment of cost savings into driving the top line and feels the valuation of the business looks sensible when measured against its peers.

Teather & Greenwood believes the strength of the Boots brand and customer flows should enable the company to meet its commitment to resume profit growth in 2005 and 2006. However, Teather kept a cautious hold on the stock based on rising competitive costs

i am a holder of boots of 2000 shares @ £6.2892
dyor

[psps] 26/3/2004 21:38

all support levels now broken , the lowest being 646p
the next support level is 610p and then 598p.
wait and see if these levels will find support given the 40 mln pension defict.
i have BOOT on my wacthlist

hpoi,
i bet that you feel sick now

[psps] 26/3/2004 19:23

40 mln pension defict and increase expenditure to revamp stores ..........hence the fall.