Yearly Chart



Daily Intraday Chart



BOK Booker just rising off the baseline of an uptrend channel with 40p minimum here on the cards and fairly quickish. Secondary indicators are also showing the stock ripe for a buy at the moment.



Fundies also support the Buy case all and every broker with a Buy reco on the stock and the company trades on a forard P/E of just over 12 to 2010 and beyond.

You cant get a much better SET UP than that on a stock both fundies and TA in cink with each other............ Nice.

Booker Group PLC

FORECASTS
2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Investec Securities
25-06-09 BUY 48.63 2.70 0.90 51.22 2.81 0.94

Singer Capital Markets Ltd
22-06-09 BUY 49.10 2.70 1.00 52.80 2.90 1.10

Evolution Securities Ltd
03-06-09 BUY 51.40 2.90 0.90 54.60 3.00 1.00

Shore Capital
22-05-09 BUY 46.00 2.60 0.90 51.00 2.80 0.90

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 48.86 2.70 0.90 51.72 2.84 1.00

1 Month Change 2.36 0.10 0.90 1.80 0.09 1.00
3 Month Change 4.06 0.22 0.02 2.76 0.14 0.04


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS 38.08% 3.19% 5.18%
DPS % 21.95% 11.11%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 72.30m 74.86m 79.50m

EBIT 57.60m 61.29m 64.52m

Dividend Yield 2.11% 2.57% 2.86%

Dividend Cover 3.54x 3.00x 2.84x

PER 13.38x 12.96x 12.32x

PEG 0.35f 4.06f 2.38f

Net Asset Value PS -10.80p p p

Interim results

Financial Highlights

Total sales 1.6 billion, +7.7%

Like-for-like sales in the half were:

non-tobacco +9.4% (2008: +4.1%)

tobacco +5.1% (2008: -3.2%)

total +7.7% (2008: +1.1%)

Like-for-like sales to caterers were +12.6% (2008: +4.7%) and to retailers +5.5% (2008: -0.5%)

Operating profit +13.1% to 34.5m (2008: 30.5m)

Profit before tax +12.1% to 29.7m (2008: 26.5m)

Profit after tax +12.3% to 24.7m (2008: 22.0m)

Basic earnings per share +12.2% to 1.66 pence (2008: 1.48 pence)

Net debt down to 4.0m (2008: 28.9m)

Interim dividend up 20% to 0.24 pence per share (2008: 0.2 pence)




Operating Highlights

Customer satisfaction for choice, price and service continues to improve

Conversion of another 10 branches into the 'Extra' format, taking the total number of 'Extra' branches to 81. An additional 14 are planned for the second half

Internet sales +88% to 180.8m (2008: 96.4m)
Booker Direct is making good progress

We have opened a branch in Mumbai, India

Completion of the move from AIM to the Official List of the London Stock Exchange on 1 July 2009

HC
you are quite right about needing a target to assess potential risk/reward etc.my comment was about not setting a rigid take profit level as i try to follow and hold on to profits with a trailing stop loss. sorry if i misunderstood Jb's post and didn't make it clear in my own post. i hope this clarifies it. in the mean time i agree with your other comments,down a bit today but i still like this stock at present. good luck to all .
regards
jkd

Yes i could have sold for 45.5p at one point yesterday ,however i want some quality stocks to hold and for the moment i still think this is in that bracket.

Business Financial Newswire
Food wholesaler Booker said total sales were up 7% at 1.6bn for the 24 weeks ended 11th September, up 1.1% on a like-for-like basis. Pretax profit was up 12.1% to 29.7m (2008: 26.5m) and the interim dividend was raised 20% to 0.24p per share.

Non-tobacco like-for-like sales in the half were up 9.4% and tobacco like-for-like sales ahead 5.1%.

Like-for-like sales to caterers were 12.6% better (2008: 4.7%) and to retailers up 5.5% (2008: -0.5%).

Internet sales jumped 88% to 180.8m (2008: 96.4m).

Operating profit rose 13.1% to 34.5m (2008: 30.5m).

Profit before tax was up 12.1% to 29.7m (2008: 26.5m) and profit after tax up 12.3% to 24.7m (2008: 22.0m).

Basic earnings per share rose 12.2% to 1.66p (2008: 1.48p).

Net debt was reduced to 4m from 28.9m in the prior year.

Interim dividend up 20% to 0.24 pence per share (2008: 0.2 pence)

Booker said it converted another 10 branches into the 'Extra' format, taking the total number of 'Extra' branches to 81. An additional 14 are planned for the second half.

Group turnover in the first period of the second half is ahead of the same period last year. Working capital levels and costs are in line with plan. Overall, Booker continues to trade in line with management expectations.

Booker Group will announce its Q3 Interim Management Statement for the 16 weeks to 1st January 2010 on 14th January 2010."

Nice and steady up and down for months, and then tanks after great results and the FTSE/DOW flying . Typical stock market .

By on rumour, sell on fact. Touching the 25 DMA so hopefully support there.
Am tempted to buy back in now as med term this looks to be a good stock, imo, assuming the bottom of the recession has been reached.

SP today 47.5 Well it goes on and on, up and up, fantastic

Buy rating in Shares mag this week, partly due to the store they have opened in Mumbai being the start of a new, huge market.

Oh dear, i sold the second time it reached my target... Still did well for holding a few months.

Wow Booker today BUYS 16,746.000 SELL 161 SOMETHING HAPPENING happy I am still in.

more large trades going through now

Pity they are sells

I've given up trusting that buy/sell automatic readout.

Clubman, if you are online now, have a look at the trades, all those 2541 trades, they change from red to blue, that can't be accurate

Some massive buys again today. Confused with this as there is no news.

Booker Group plc will announce its Quarter Three Interim Management Statement
for the 16 weeks to 1 January 2010 on 14 January 2010.

Hmmmm.... sp gone flat, so presumably expecting 'in-line with expectations' figures?
Could go either way, imo. Currently not holding & think I may wait for the data.

still holding, this one was never going to be very exciting, but I see no reason why we shouldn't have a steady rise in 2010, hopefully !!!!

Good little earner. I see no need to sell, in fact any dip would IMHO be a good buying oppertunity.

L&G increase holding to 3.06%