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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

Cash and carry wholesaler Booker boosted by fruit and vegetables

tweet0Print..Companies:NETTopics:EarningsAsia.Related Quotes
Symbol Price Change
NETK.BE 0.53 -0.1180


{"s" : "NETK.BE","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Garry White, 17:40, Thursday 15 September 2011

Cash and carry wholesaler Booker saw its shares jump a 8pc on Thursday after the company said sales in the second quarter had risen 8.5pc.

The group's results were boosted by strong demand for fresh fruit and vegetables from retailers and caterers, which rose 34pc year-on-year in the 12 weeks to September 9.

On a like-for-like basis, total sales rose 5.6pc, non-tobacco sales were up 4.5pc and tobacco sales jumped 7.6pc. Net (Berlin: NETK.BE - news) cash at the end of the period was 58m compared with 10m.

"Amid a challenging economy Booker has continued to improve the choice, prices and service we provide to customers," said Charles Wilson, chief executive. "Customers have rewarded us with an increased share of their spend and the number of customers has increased."

Analysts were upbeat on prospects for the group, which operates from 172 cash and carry branches throughout the UK.

"Against the toughest retail backdrop in living memory this is some achievement," said Dave McCarthy, an analyst at Evolution Securities. "Booker remains our top pick in the sector offering good growth, quality management and a strong focus on cash and returns." Mr McCarthy has a "buy" rating on the shares.

In 2009 Booker opened its first business centre in Mumbai, India, and it said this operation was trading well. The group plans to open another outlet in Pune, India, next week.

The shares rose 5.45 to 74.55p

76.20 earlier in the day but still a nice profit on this one.

Evolution Securities has maintained its "buy" stance on Booker Group (BOK), and price target of 80p, as the wholesaler's second quarter results smashed the broker's profit and debt forecasts. Total second quarter sales and like-for-like sales were up 7.6% and 5.6%, significantly higher than Evolution's respective estimates of 5% and 3%. Booker remains the broker's top pick in the sector, offering stable growth, quality management and a strong focus on cash and returns. Booker shares jumped 5.45p to 74.55p.

Fruit and veg sales blooming at Booker
Date: Thursday 15 Sep 2011


Food wholesaler and cash and carry operator Booker saw a surge in like-for-like (LFL) sales in its second quarter, driven by strong demand for fruit and veg.

Like-for-like sales rose 5.6% in the 12 weeks to the 9th of September from the corresponding period of last year. Non-tobacco sales rose by 4.5% and tobacco sales by 7.6% on a LFL basis, while LFL fruit and vegetable sales were up 34% from last year.

Total sales in the group's second quarter were up 7.6% from a year earlier, with no differentiation in the growth rates of tobacco sales and non-tobacco sales..

The company, whose brands include Chef's Larder and Happy Shopper, also reports that on a half yearly basis like-for-like sales were up 6.5%.

Classic and Ritter Courivaud, the two businesses Booker acquired in October 2010 are performing well, the group said. In India, the Mumbai branch is trading well, and a second branch in the city is set to open in December. Meanwhile, a branch will be opened in Pune, India, next week.

Booker's cash position has strengthened in the last 12 months with net cash at 58m versus just 10m this time in 2010.

Charles Wilson, Booker Chief Executive, said of the results:

"Amid a challenging economy Booker has continued to improve the choice, prices and service we provide to customers. Customers have rewarded us with an increased share of their spend and the number of customers has increased. Our plans to drive and broaden Booker are on track.

Booker bolstered by clients economy drives


Booker, Britains leading cash-and-carry wholesaler, reported better than expected sales in its second quarter, as hard-pressed business customers shopped around for value for money in a difficult climate.

In the 12 weeks to September 9, total sales rose 7.6 per cent from the same period a year earlier. Non-tobacco sales were 7.6 per cent higher, while tobacco sales also rose 7.6 per cent. Sales from stores open at least a year increased 5.6 per cent, with non-tobacco sales gaining 4.5 per cent and tobacco sales up 7.6 per cent on a like-for-like basis.

The wholesalers shares rose 6p, or almost 9 per cent, to 75.10p.

Charles Wilson, chief executive, said the performance had been helped by moves to improve the value that Booker offered to its cash-and-carry customers.

In the current market, the consumer is minding every penny. Our customers are really careful on value, and so because we have made some pretty good progress in what we are doing on choice, price and service, then our value relative to the market is improved, he said.

Consequently, Booker was not only adding more customers, but was taking a bigger slice of what they were spending.

Small and medium-sized enterprises are shopping around really carefully, he added.

Demand had been strong for Bookers value ranges, such as Euro Shopper, which it sells to independent retailers, and Booker Basics, its entry price products for caterers.

But improvements in other areas were also paying off, with fruit and vegetable sales up 34 per cent in the second quarter.

Mr Wilson said the two acquisitions that Booker made just under a year ago Ritter Courivaud, a supplier of ingredients to top-end restaurants, and Classic Drinks, a supplier to pubs and licensed clubs were going well.

Ritter Courivauds speciality foods were trading strongly, while Booker had introduced some of its range into its cash and carry estate, which was selling very well, and helping us improve our offer for the caterers and particularly the restaurant trade.

Booker is also making progress in India, where it will open a branch in Pune next week. It expects to have a second branch in Mumbai open in December.

Net cash increased from 10m a year ago to 58m at September 9.

Analysts said the sales performance was better than expected, with only a modest slowdown on the first quarter, which included the boost from the Easter, the Royal Wedding and fine weather.

The consensus of analysts forecasts for full-year pre-tax profit is 81m-81.5m.

stopped out of loads. most over last couple of months.
some at loss many at profit. held on to this all as previously posted.
but still holding QED as posted also.
regards
jkd

BOK is being dragged down with Indices falling and world events, this one will fly when thing are less volatile.

Interim results from cash and carry operator Booker Group are expected on Thursday, and they should be pretty decent. The last few years have been kind to Booker, which has recorded steady increases in earning, showing up food as a pretty defensive business to be in during down spells.

But with the current price of 70p putting the shares on a full-year P/E of over 17, they're not looking like any great bargain at the moment

Interim Results.

Financial Highlights

Total sales 1.8 billion, +8.5%

Like-for-like sales in the half were:

- non-tobacco +5.1% (2010: +5.1%)
- tobacco +8.8% (2010: +5.7%)
- total +6.5% (2010: +5.3%)

Like-for-like sales to caterers were 5.7% (2010: +6.4%) and to retailers +6.9% (2010: +4.8%)

Operating profit +17.1% to 45.9m (2010: 39.2m)

Profit before tax +22.0% to 45.0m (2010: 36.9m)

Profit after tax +19.1% to 36.1m (2010: 30.3m)

Basic earnings per share +15.8% to 2.35 pence (2010: 2.03 pence)

Net cash 58.7m (2010: 10.1m)

Interim dividend up 22.2% to 0.33 pence per share (2010: 0.27 pence)

http://www.moneyam.com/action/news/showArticle?id=4289965

StockMarketWire.com
Total sales at food wholesaler Booker rose by 7% in the 16 weeks to 30 December.

Non-tobacco sales were 6.7% higher, while tobacco sales rose by 7.6%.

On a like-for-like basis total sales rose by 6.5%, non-tobacco sales rose by 5.8% and tobacco sales by 7.6%.

Customer numbers and the average spend per customer improved.

Fresh departments performed well with fruit and vegetable sales up 17%.

Chief executive Charles Wilson said: "Amid the challenging economic environment Booker continues to improve choice, prices and service for our customers.

"Our plans to focus, drive and broaden the group are on track and we are pleased to be developing Chef Direct to serve major foodservice customers."

From this week's Shares Mag:
"James Crux:
DO NOT follow last week’s (18 Jan) sale of £1.5 million worth of Booker (BOK) shares by operations director Bryn Satherley. The cash and carry and delivered wholesale star remains set fair for profitable growth. Satherley sold two million shares at 73.5p a pop, netting £1.5 million. Following the exercise of share options, he sold a further 1.4 million shares, taking total proceeds from the transaction to the best part of £2.5 million. A bullish third-quarter update (12 Jan) revealed a robust 6.5% like-for-like sales growth over the 16 weeks to 30 December, up from 5.4% a year earlier. This was materially ahead of the disappointing growth rates served up by the large quoted supermarket groups. Higher margin non-tobacco sales were up 5.8% and tobacco sales advanced by 7.6%, while the average spend per customer also improved.
This summer Booker, bossed by canny chief executive officer Charles Wilson, will accelerate its growth through the launch of ‘Chef Direct’. The new foodservice offering will combine the company’s logistics capabilities with the catering expertise of specialty fine foods supplier Ritter- Courivaud. Indian expansion also continues with the imminent opening of Booker’s second and third branches in Mumbai.
Shore Capital believes the £1.2 billion cap is on track to deliver £81.5 million of full-year profit and earnings per share of 4.2p. These estimates place the business on a price/earnings ratio of 17.6, yet this premium rating is more than merited given the group’s track record of beating forecasts. Booker is well placed to produce consistent profitable growth and progressive dividend payouts, while acquisitions could drive further share price upside.
Shares says: Continue to BUY Booker at 73.9p.

StockMarketWire.com
Booker Group will announce its fourth quarter trading update on 5th April 2012.

Booker Group plc
Quarter Four Trading Update

Booker, the UK's leading food wholesaler, is pleased to announce that total sales in the 12 weeks to 23 March 2012 rose by 4.8% on the same period last year, with total like-for-likes up by 4.8%. Non-tobacco like-for-likes rose by 4.1%, while like-for-like tobacco sales increased by 5.9%.

Total sales in the 52 weeks to 23 March 2012 were £3.9bn, up by 7.3%, and total like-for-likes were up by 6.1%. Like-for-like non-tobacco sales rose by 5.1%, while like-for-like tobacco sales increased by 7.8%. Like-for-like sales to caterers rose by 6.1% and retailers by 6.1%. Customer numbers increased by 5% to 481,000 and customer satisfaction improved further. Internet sales increased by 21% to £635m. Our delivered wholesale businesses are doing well and our expansion in India continues following the opening of our second branch in Mumbai.

This year has the impact of a 53rd week. Week 53 increased sales by £76m and will benefit operating profits by circa £1m for the full year.

The Group had around £63m net cash at the end of the year, compared to £27m a year ago. Profits for the 53 weeks to 30 March 2012 remain in line with expectations.

Charles Wilson, Booker Chief Executive, said:

"Booker continues to make good progress. Customer satisfaction for choice, price and service has improved and we are serving 22,000 more customers than last year. This has helped the Group increase sales by over £260m in the past 52 weeks. Our plans to Focus, Drive and Broaden the business remain on track."


ENDS

ive been patient with this. holding tight but not yet reinstating or taking more profit.
now looks very weak to me short / medium term so will be sitting through possible and likely pull back with stop loss levels in place.
plus at same time looking to now add on further weakness. but where and at what point? that is difficult. will just follow the chart as best i can. will advise as and when.rightly or wrongly.
still like it.
regards
jkd

have added today.
50% tight stop loss.(trade) 50% wider stop loss for longer term holding.
regards
and good luck
jkd

Preliminary Results.

Financial Highlights


· Total sales for 53 weeks +9.4% to £3.9bn (2011: £3.6bn) (52 weeks: +7.3%)

· Like for like sales +6.1% (52 weeks)

- non tobacco +5.1% (2011: +5.3%)

- tobacco +7.8% (2011: +4.9%)

- sales to caterers +6.1% (2011: +6.3%)

- sales to retailers +6.1% (2011: +4.6%)

· Operating profit up 17% to £89.6m (52 weeks: up 16% to £88.6m)

· Profit before tax up 27% to £90.8m (52 weeks: up 26% to £89.7m)

· Profit after tax up 27% to £74.9m (52 weeks: up 25% to £74.0m)

· Basic earnings per share up 0.93 pence to 4.83 pence

· Net cash of £63.4m (2011: £27.1m)

· Proposed final dividend up 39% at 1.95 pence per share, making total dividend for the year of 2.28 pence per share, up 37%

Operational Highlights

· Improved customer satisfaction

· Customer numbers increased by 22,000 to 481,000

· 27 business centres converted to 'Extra' format, taking total conversions to 142 of the 172 business centres in the UK

· Internet sales up 21% (52 weeks) to £635m (2011: £526m)

· Booker Direct is performing well and the creation of "Chef Direct" to serve major foodservice customers remains on track

· Our Indian business continues to progress; our business centres in Mumbai and Pune are trading well

Outlook
The economy is expected to remain challenging in the year ahead and the food wholesale market remains very competitive. Nevertheless, we expect to continue to make progress in this difficult environment. Booker has made a good start to the current financial year, even compared to the very strong performance in the first seven weeks of last year and, in spite of the fact that tobacco sales have been slow, we remain on course to meet our expectations for the year.

Proposal for Booker Group to acquire Metro UK


Booker Group Plc ("Booker"), a leading UK food wholesaler, and Metro Group AG ("Metro"), the German retail and wholesale group, are pleased to announce that they have entered into an agreement for Booker to acquire Makro UK ("Makro UK"), Metro's wholesale business in the UK, in exchange for new Booker Shares, representing 9.99 per cent of the current issued share capital of Booker and a cash consideration of £15.8 million.

Based on the closing price on 29 May 2012, being the last practicable date prior to this announcement, of a Booker share of 79.1p, the value of the New Ordinary shares to be issued is £123.9 million which, combined with the cash sum of £15.8 million, values Makro UK at £139.7 million.

Makro - they have been struggling for years - I've used them since the 70's but they can't compete anymore - time will tell if this is a good move.

The news seems to be going down well - currently up 7.5%.

And ex-divi next wed, so win / win for current holders!