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

this is on the naked trader website....

"Booker (BOK) has got to be one of the most boring shares I ever bought having been stuck close to my buying price of 34 for so long I can't remember it not being 34! However yesterday at last it showed signs of breaking out so I topped up on the break getting another 10,000 at 35.5 - another reason for the top up were some substantial buyers around which were lifting the price. And of course the reason I bought in the first place - it's moved to the main market from AIM and will definitely be in the FTSE 250 in the September reshuffle which will see fund buy in. Target 45 stop 33. It's going up again today. It's never going to be fireworks here but could be a slow steady climber."

jb
sounds just like the sort of stock i like.( which it is) i havnt added as am already in and have also already added. have enough for now.
just sitting now. good luck.
regards
jkd
ps i seem to have "lost" those charts of mrsi. anyone else? what happened?

oops
their back.dont know what happened there.
regards
jkd

jkd ,slow burner but fairly solid ,lets hope the FTSE holds up as we go in the ftse 250, Cheers ..

Target price? I see 45p is the first stop. In 12 months time......?
The worry is that this is a sector which can be hard hit in a recession.

HC
a couple of good points. im not worrying about how high it might go or where it might be in 12 months time. i'm only worried about not making a loss. look after the pennies and the pounds will look after themselves, some you win some we dont, i only add if my first trade is in profit. that makes it a little easier to not make an overall loss, still not easy though.
good luck
regards
jkd

HARRY ,wer'e already in a recession.. :-)

Back in.

Looks like you might get your 40p next month GF ...

Ah, that's what all the fuss is about jb!
It was badly expressed by me. What I meant was that when results are announced they will reflect the effects of a recession for a while to come, imo.
I do hold this stock but am looking for a reasonably quick return. Just hope NT is right with the 45p target.

Hope so jimmy and harrys 5p on top.

Agree Harry a quick return would be nice, i sort of like Charlie Wilson reducing debt etc, i'm hoping their results will be good... 45p would be nice GF..

Shares mag pushing this one again today and the price seems to moving up

September 9th is the move in to the FTSE 250..

thanks jimmy b for that info.

Shares Mag:
"An increase in both Brits holidaying in the UK and rising numbers of tourists from abroad should benefit Booker (BOK), the growing cash and carry group. Investors would do well to buy ahead of the first-half results due on 17 September.
The growing popularity of the staycation among UK holidaymakers and growing numbers of overseas visitors attracted by sterlings weakness will have boosted Bookers catering customers. The 548 million cap will also get a technical boost from institutional buying once entry to the FTSE 250 is confirmed on 9th September when
FTSE Group is due to announce quarterly index changes. Julys first-half trading update confirmed sales momentum was growing strongly, with total sales up by 7.8%.
Non-tobacco sales were ahead by 10.4% and there was a 3.9% increase in tobacco
sales. The growth in tobacco compared to a fall of 3.2% in the first half of
last year and reflects a decline in the grey market as sterlings weakness has
meant fewer illegal imports. Booker is going to open a number of depots in India.
The interim statement will include an update on progress.
Nicola Mallard of house broker Investec was initially forecasting the group to enjoy 5% sales growth this year. Following the trading update Shares would expect her to revise her forecast upwards. Shares says: Sterlings weakness and recession playing into Bookers hands.
Buy at 36p"

irlee57 your welcome...

Well come on Booker it all points to a nice rise, i'm not giving up on this one it's dam well going to fly !!....
Or maybe tick up slowly.

From the Independant today

"Booker shares have been helped by favourable comments from stockbroker Singer Capital Markets. It reckons that the shares are a buy, and says the group's programme of warehouse facelifts is increasing sales and margins. Plans to grow the delivery side are "compelling"and, assuming only "limited" acquisitions, debts could be wiped out in two years, adds the broker."

suggestion on another website that this will not enter FTSE 250 this time, does anyone hear have access to that information ,

Was supposed to be a dead cert for FTSE 250 entry