Boot (henry) Share Discussion Threads

[nicholas_collier] 19/5/2006 13:06

World markets may have fallen, but looking at the FTSE, it was cheap even at 6,100 with shares trading at 12x earnings. Surely there is a serious bull looming behind all this. Shares will be back at 15-17 times earnings. It may take a while but historically it will happen. The FTSE will easily go past the 8,000 mark in the next few years. I took out FTSE futures yesterday at 5659. I am going to make a lot of money. A small rise in U.S. infrlation causes a 8% fall. The fundementals do not support this fall.

The bears are mental. The bulls will be cleaning up.

[miata] 18/5/2006 15:43

Citigroup repeated 'sell' advice, with the broker disappointed at the performance of Boots the Chemist.

The group posted a 9.8% drop in trading profit after finance costs for the year to 31 March to £401m from £444m a year ago, in line with previous guidance. Boots The Chemist saw revenues increase 1.7% to £4.73bn.

WestLB was more positive as it said any near-term weakness would be a good opportunity to buy, as it reiterated 'add' advice.

[miata] 16/5/2006 11:01

DB upgrade to BUY with target upped to 850p.

[miata] 11/5/2006 12:34

Pivot providing support today.

[miata] 10/5/2006 18:33

Low 708.5, High 742.5, Close 731.5. Thursdays Pivot 727.5.

[miata] 10/5/2006 11:16

JP Morgan reiterates 'overweight' with 800p target.

Morgan Stanley upgraded BOOT with a revised price target of 735p.

[miata] 10/5/2006 08:53

Boots gained after the Competition Appeal Tribunal dismissed Celesio's application for review of the OFT's decision.

The formal process for effecting the merger will begin after Boots results on
18 May and is expected to become effective on 31 July 2006.

I expect resistance above the 30/3/06 high of 738.5p, but expect it to break 740p today.

[miata] 02/5/2006 14:13

Probably up to three months if it takes place or a dismissal this month.

Boots Group gained after revealing that it will cut around 2,250 jobs as part of a supply-chain reorganization.

[apparition1] 04/4/2006 11:24

Does anybody have any idea how long this Celesio appeal is going to take? Despite a pretty good trading update it seems to be knocking the price on a daily basis. I certainly don't like the look of how the chart is shaping up.

[thunderdfive] 30/3/2006 12:36

Take a look at this fellows!!!

[miata] 30/3/2006 12:35

Williams de Broe 'buy'

[miata] 14/3/2006 10:03

Boots to invest £250m on revamping 700 smaller BTC stores and building a new warehouse in Nottingham to supply the retail operations.

The £250m comes from the £400m retained by Boots from the £1.93bn proceeds of the sale of BHI to Reckitt Benckiser.

[zulu001] 13/2/2006 12:19

Miata (94) and Typo56 (100), you are correct. Thank you for your posts.

[enami] 13/2/2006 12:15

Typo - thanks, I will buy some new reading glasses with my profits from last week.

[ben nevis] 13/2/2006 12:10

Yep, theyve worked it so that many peeps will like today's price...
even tho it is actually a bit low!!

[typo56] 13/2/2006 12:01

Enami, note the consolidation is 39 for 58, not 38 for 59.

Based on Friday's closing price of 684.5p, I think the break even on a CFD position, ISA, SIPP and basic rate income tax payers is:-

(684.5 - 200) * 58 / 39 = 720.5

If you are a higher rate income tax payer then I guess you may also have exceeded your annual CGT exemption allowance. In which case it's arguable that paying the higher rate income tax on the dividend may not be that worse than paying the capital gain on selling 19/58 of your holding.

[enami] 13/2/2006 11:46

If you bought last week at – let's say 680 then you are out of pocket.
Taking my 590 shares for simplicity

590 @ 680 = 4032 capital outlay (inc 0.5% stamp)
380 @ 708 = 2930 + 1180 (590x2 special div) – 295 (TAX) = 3575

Even a non-tax ISA or SIPP would be down on capital.
The break even share price is 828 (or 750 ISA/SIPP)

It seems to me that the consolidation ratio was set too far in advance of the record date. GUS had the same type of thing with BRBY demerger and they adjusted the consolidation ratio shortly before the date of split.

[typo56] 13/2/2006 11:05

Ben Nevis, taking account of the dividend and consolidation they are actually down today. I calculate that to be level today they would have to be about 721p.

Pity, they would have been worth a little short on Friday.

[zulu001] 13/2/2006 09:46

Be more careful.

[careful] 13/2/2006 09:32

should that be 38 and 59?

[ben nevis] 13/2/2006 09:31

Funny the share is higher today !!

But I expect it will reduce as peeps who bought for the 200p will prob sell
if it starts dropping.

[miata] 13/2/2006 09:20

Today you own fewer shares, 39 for each 58 you held.
You have however become entitled to 200p for each share you previously held, which will be paid on 24 February 2006.

On Friday 10,000 shares at Friday's closing price 684p was worth £68,400.
On Monday £20,000 plus 6,724 shares at 720p worth £48,413 totals £68,413.

So the value of your investment in Boots is currently lower today.

[typo56] 12/2/2006 16:14

Is it possible that some of the recent volume is due to dividend washing?

[miata] 10/2/2006 11:47

JP Morgan 'overweight' with target upped to 720p.

[enami] 10/2/2006 11:17

bill - yes I used Elliot wave target for my sale.
Ben - wether you hold or sell depends on your own tax position. I have no liability on my gain but would have to pay tax on the div.
I read on teletext this morning about the 200p special div and it is written as though it is new information.