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

Excelent results...........

Booker Group plc

Interim Results

for the 24 weeks ended 13 September 2013





Booker Group is the UK's leading food wholesaler. This announcement contains the interim results of Booker Group plc ('Booker') for the 24 weeks ended 13 September 2013.





Financial Highlights

· Total sales £2.2bn, +16.5%

· Booker like-for-like sales +2.3%, tobacco sales -2.2% and non tobacco sales +5.0%

· Operating profit (pre £7.0m exceptional credit related to Makro acquisition) +16% to £59.0m

· Profit before tax (pre exceptionals) £58.1m +17%

· Profit after tax (post exceptionals) £53.8m +43%

· Underlying earnings per share up 0.25 pence to 2.73 pence

· Reported basic earnings per share up 0.82 pence to 3.11 pence

· Net cash improved to £123.4m (2012: £69.8m)



Operational Highlights

· Customer Satisfaction at Booker and Makro improved

· Non tobacco like for likes were up 5%

· Internet sales up 11% to £369m

· Booker Direct, Ritter Courivaud, Classic and Chef Direct are on track

· Makro turnaround is on plan and we should deliver £26m of synergies this year

· Our Indian business continues to progress, having opened two sites in the half. We now have six branches in India



Interim dividend and proposed special cash return

Booker's strategy to drive and broaden its business is working. As a result the Board has declared an interim dividend of 0.45 pence per share, up 18%. In July 2012 Booker Group plc issued £124m of shareholder equity to purchase Makro in the UK. Following the successful integration of Makro into the Group and strong cash generation, we intend to implement a special cash return to shareholders of approximately £60m in 2014. Further details will be provided at the time of our preliminary results in May 2014.



Outlook

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





Commenting on the results, Charles Wilson, Chief Executive of Booker, said,



"Our plan to Focus, Drive and Broaden Booker Group is on track. The team at Makro have settled into the Group and are making a real contribution. Through working together Booker and Makro are improving the choice, price and service for our retail, catering and small business customers. Our Customer Satisfaction improved which helped drive non tobacco like for like sales up 5.0%."

These good results should see the SP continue its growth

Bewildering re-action to results.

SP should be on rise.

Strange market.

Hi GF.
Went through the results this morning and I thought they were good. Especially like the cash generation. Seems well run and growing well in India which must have enormous potential.
Bought 2000 at 141.18
Just a toe in the water!!
David

Strange day on the market everyone thought we were going to get a rally after US deal.

Yep good results, no doubt we should get some positive paper articles tomorrow.

DL - think you have made a good decision solid set of results and chart looks good too

http://www.cityam.com/article/1382057678/benefits-booker-s-makro-deal-start-show-profits-rise-17pc

http://www.cityam.com/article/1382057678/benefits-booker-s-makro-deal-start-show-profits-rise-17pc

Strange havent seen any broker reports on this yet after results.

Is it just me with a blind spot?.

GF
I sure there will be some next week. A little rise today along with the rest of the market.

Yep its always been a steady stock this one. Just be patient.

A nice steady Monday a great start to the week hay GF and Lucas ?

Spot on, steady as she goes.

GF
I like to see a steady rise. Although the likes of OPAY etc are exciting, you just know there has to be a pull back - but when. So this is a nice share to tuck away and you know that the company has the policies in place to grow at a controlled pace!

Yep steady as she goes.

GF
A few more of these and my blood pressure will be steadier!! By the way thanks for your posts on the Chart thread yesterday as they were very interesting. Sometimes I need a prod as it is difficult to follow all the shares I like!!

Broker Note Out......

25 Oct 2013 Booker Group PLC BOK Barclays Capital Overweight 0.00 146.60 150.00 150.00 Reiterates

SP TAQRGET 150p.

28 Oct 2013 Booker Group PLC BOK JP Morgan Cazenove Overweight 144.45 146.60 160.00 160.00 Reiterates

SP TARGET........160p

I shall be very happy at that level. First target 150 and then see where it goes.

sp 151p rising steadily