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.

Total sales in the 12 weeks to 10 September 2010 rose by 6.1% on the same period last year. Non-tobacco sales were 6.2% higher, while tobacco sales rose by 5.9%. On a like-for-like basis total sales rose by 5.9%, non-tobacco sales by 5.9% and tobacco sales by 5.9%. Fresh departments performed particularly well with fruit and vegetable sales up 46% and meat up 10%.

Total sales in the 24 weeks to 10 September 2010 rose by 5.5% on the same period last year. Non-tobacco sales were 5.3% higher, while tobacco sales rose by 5.7%. On a like-for-like basis total sales rose by 5.3%, non-tobacco sales by 5.1% and tobacco sales by 5.7%. During the period Booker was voted 'best cash and carry for caterers' and 'best cash and carry for retailers' in a survey of independent businesses conducted by him!, the retail research consultancy. We were also awarded 'Wholesaler of the Year' by The Grocer magazine.

As at 10 September 2010 net cash was 10.1m versus net debt of 4.0m a year ago. The business is performing in line with management expectations and the outlook for the year as a whole remains unchanged. The interim results will be announced on 14 October 2010.

ref my post no.160
seems we got the "pop" up that i had hoped for and it has now taken us also thro that 46sh resistance level that i mentioned. the next major resistance being the 50sh level, which i didnt mention in my previous post. now toying with it. will it wont it? i dont know.
just know i'm still long and holding with trailing stop loss based on a mixture of TA and money management. i stiil like this stock.not so much that i will let it bite me, if i can prevent it that is.
regards and good luck.
jkd

Interim Results

Financial Highlights

Total sales 1.7 billion, +5.5%

Like-for-like sales in the half were:

- non-tobacco +5.1% (2009: +9.4%)

- tobacco +5.7% (2009: +5.1%)

- total +5.3% (2009: +7.7%)

Like-for-like sales to caterers were +6.4% (2009: +12.6%) and to retailers +4.8% (2009: +5.5%)

Operating profit +13.6% to 39.2m (2009: 34.5m)

Profit before tax +24.2% to 36.9m (2009: 29.7m)

Profit after tax +22.7% to 30.3m (2009: 24.7m)

Basic earnings per share +22.3% to 2.03 pence (2009: 1.66 pence)

Net cash 10.1m (2009: net debt 4.0m)

Interim dividend up 12.5% to 0.27 pence per share (2009: 0.24 pence)

Slowly slowly.

added a few more today.still accumulating.
could be wrong so pleae dyor
regard
jkd

yep skinny, re your post 164
looks like i may have added at a "not very good timing".like errm at the top of a retracement. at least i hope this is what it is.
i still like em and so am still holding my accumulation. under 48sh and i would still be well in profit but not happy.
regards
jkd
edit thought i'd post when price is falling rather than waiting until it starts going up as so many seem to do.

Does not seem able to hold 60p

BM
agree with you. but then it never did, at least not on the current move up from its lows.
its rather difficult to hold on to something that one never held in the first instance. now if you had said 48sh or 36sh i could understand for it has held onto both of them thus far.
regards and good luck
jkd

I feel BOK will break the 60p soon and then 70p + Good stock.

nice to see price back to where i last topped up. i am tempted to add more but shall refrain.will wait to see weekly and monthly close price.looks to me like another "pop"up coming but could be wrong so please dyor.
regards
jkd

Results Thursday, I have topped up Monday.

Brokers' Notes

Evolution Securities maintained its "buy" rating for Booker Group (BOK), the cash and carry operator, with a 60p target price. Commenting ahead of the fourth quarter trading update tomorrow, the broker believes the group offers an appealing long term investment opportunity. Sustained market share gains offer growth opportunities in traditional cash and carry markets, Evolution added, while a shrewd shift towards food service offers growth opportunities in alternative markets. Booker shares moved up 0.1p to 59.7p.

Nice little rise on good results. 70 here we come.

Business big shot: Charles Wilson
Emily Ford
The Times
Published: 01 April 2011
Movers and Shakers

...Booker Group Salary 510,000 Charles Wilson must relish proving the doubters...positively overflowing. Yesterday Mr Wilson, who saved the business from extinction...cent in the fourth quarter. Mr Wilson started his career at Procter...
Business big shot: Charles Wilson of Booker Group
Tom Bawden
The Times
Published: 29 May 2009
Movers and Shakers

Charles Wilson, chief executive of Booker Group, the...to the market price.Those who know Mr Wilson, 43, say he is hard-headed and has a steely focus on work.Mr Wilson undeniably has a great track record...

seems to be trying very hard to penetrate that 60sh level and pop up.
weak market may have some say.still holding.
we shall see in due course. good luck.
regards
jkd

Money in the bank.

Go on Booker up up and away.

we seem to have got that pop up. nice weekly close.
bit concerned about todays daily gap up, from a long term point of view that is,but
not from short term.
i'm still holding and still cautious as always. no cheering it
i prefer boring.
regards
jkd

70p coming

at 70psh i shall have to consider taking some of my profits, if it gets there,
we shall see.
regards
jkd