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

Lets see what the 22nd May results update tells us.

Should have news of a dividend and maybe a special dividend as stated before.

Final Results

Financial Highlights
· Total sales £4.7bn, +17.3%
· Booker like-for-like sales (excluding Makro) +2.1%. Non tobacco sales up 4.4% and tobacco sales down 1.7%
· Operating profit (pre £3.4m net exceptional credit related to Makro acquisition) +23% to £120.4m
· Operating profit (post exceptionals) £123.8m, +30%
· Profit before tax (pre exceptionals) £118.7m, +25%
· Profit after tax (post exceptionals) £105.2m, +38%
· Basic earnings per share up 1.55 pence to 6.06 pence
· Net cash improved to £149.6m (2013: £77.2m)
· Total dividend of 3.20 pence per share, up 22%
· Proposed return of capital of 3.50 pence per share

Operational Highlights
· Our plan to Focus, Drive and Broaden Booker Group continues to make progress
· Our best ever customer satisfaction at Booker and Makro
· Makro turnaround is on track, having delivered £26m of synergies
· Internet sales up 10% to £777m
· Booker Direct, Ritter Courivaud, Classic and Chef Direct continue to make good progress
· We now have six branches in India, having opened two branches in the year

Return of capital
In July 2012 Booker Group plc issued £124m of shareholder equity to acquire Makro in the UK. Following the successful integration of Makro into the Group and a period of strong cash generation, the Board is proposing to implement a capital return to shareholders of 3.50 pence per ordinary share (at a cost of approximately £61m, based on the current issued share capital of the Company). It is proposed that this is achieved by the issue of a new class of "B" shares which shareholders will be able to redeem for cash. The return of capital requires the approval of shareholders, which will be sought at the Annual General Meeting on 9 July 2014. Further details of the proposed return of capital will be set out in a circular to shareholders which will accompany the notice convening this year's Annual General Meeting. We currently anticipate returning a similar amount to shareholders in July 2015 and will provide an update on this at the 2015 Final Results announcement in May 2015, in light of circumstances prevailing at that time.

Outlook
The Group's trading in the first seven weeks of the current financial year is ahead of last year. We anticipate that the challenging consumer and market environment will persist through the coming year and the UK's food market remains very competitive.

Whilst there is increasing price competition in the UK grocery and discount sectors, we will continue to deliver our plans to offer our customers even better choice, prices and service supported by the continued delivery of the Makro synergy plans and our efficiency programmes. We are on track to deliver an outcome for the new financial year in line with our plans and to make progress in this challenging environment.

See where the Sp does now

Investec Buy 142.95 142.40 178.00 178.00 Reiterates

Iv'e just become a long term investor :))

130p looks likely in the short term, imo.

Solid results and sp drops typical

Hmmm.

Yes, I agree. Seems like a well run company, with good results. Maybe the phrase 'We anticipate that the challenging consumer and market environment will persist through the coming year and the UK's food market remains very competitive' spooked a few investors?

Must be Harry - I await JP Morgan Cazenove's update note.

Very hard to make a call on fundamentals these days.

The PE is a bit toppy.
2517

22 May Investec 178.00 Buy

Not that this will make any difference ,just about every one i hold has huge broker rec s on them .

Cash-and-carry firm Booker Group, which supplies food to pubs and restaurants, has been tipped as one of the companies that could benefit from Britain’s continuing economic recovery.
As consumers become more confident and increase their high street spending, it is not only retailers that are poised to benefit – suppliers such as Booker Group should, too.
Nigel Thomas, who runs the Axa Framlington UK Select Opportunities fund, has been buying shares in the firm.
“Under the astute leadership of Charles Wilson, the company has flourished in a sector characterised by three main growth drivers – convenience, discount and online,” he said.
The firm supplies 340,000 independent catering businesses, 74,000 independent retailers and 3,000 convenience stores.

Mr Thomas added: “IGD, the food research and training charity, has monitored the growth of food revenues over the past five years and found that consumption outside the home has grown by 18pc, convenience by 29pc, discount by 65pc, online by 98pc, and mainline supermarkets and hypermarkets by only 8pc. Booker itself has made £800m of web sales from nil in 2005.”
Mr Thomas said because the growth in food revenues had been small for supermarkets, he did not hold Tesco, Sainsbury’s or Morrisons in the fund.

10 Jun Goldman Sachs 200.00 Buy

Ex dividend tomorrow 2.75p.

That'l help skinny .

BOOKER GROUP PLC - RETURN OF CAPITAL



Booker Group PLC (Booker) is proposing a Return of Capital on the following basis:

3.5 pence in cash for each share held on the Record Date, 9th July 2014.

8 Jul JP Morgan... 195.00 Overweight

Jimmy - let's see we it goes very small increase increments