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

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

Small !! it's done nothing for ages , i'm looking forward to the Divi tomorrow at least thats something .

Same here brokers have high expectations tho

AGM & Q1 Interim Management Statement

Booker Group plc ('Booker Group')
Annual General Meeting and Quarter One Interim Management Statement
For the 12 weeks to 20 June 2014

Booker Group, the UK's leading food wholesaler, is holding its Annual General Meeting at 11am today. At the meeting, Chief Executive Charles Wilson will read out the following Interim Management Statement:

"Overall it has been a good quarter. Total sales, including Makro, were up 3.8%. Booker's non tobacco like-for-likes (excluding Makro) were up 3.6%.

Booker Wholesale, our cash and carry division, had a good quarter. Customer numbers were up and sales were in line with expectations. Overall, our delivered wholesale businesses had a good quarter. The Makro turnaround is on track with cash and profits in line with expectations. Makro's non tobacco like-for-likes were down 12.0% as we have continued to exit non profitable, non professional categories. Sales in India are continuing to make progress.

Our financial position remains strong with a net cash position. As previously announced, we are today seeking shareholder approval to implement a capital return to shareholders of 3.50 pence per ordinary share at a cost of approximately £61m.

After a good start, we anticipate that Booker Group is on course to meet expectations for the year ending 27 March 2015."



more....

Date Broker New target Recomm.
9 Jul Panmure Gordon 150.00 Hold
8 Jul JP Morgan... 195.00 Overweight

Panmure , that didn't help !

Its gone a strange blue.

Placing of Shares in Booker Group plc

Results of Placing in Booker Group plc



Placing of Shares in Booker Group plc replacement

Oh dear.

I've just had a dabble @126.50p!!

Trading Statement this Thursday 18th.

Interim Management Statement

Booker Group is the UK's leading food wholesaler. Total sales in the 12 weeks to 12 September 2014, including Makro, rose by 0.1% on the same period last year. Booker like-for-likes (excluding Makro) were 1.8% higher with non tobacco like-for-likes up 3.1%. After a good start, we anticipate that Booker Group is on course to meet expectations for the year ending 27 March 2015.

Total sales in the 24 weeks to 12 September 2014, including Makro, rose by 1.9% on the same period last year. Booker like-for-likes (excluding Makro) were 2.4% higher with non tobacco like-for-likes up 3.4%.

Booker Wholesale, our cash and carry division, had a good quarter. Customer numbers were up and sales were in line with expectations. Overall, our delivered wholesale businesses continued to make progress. The Makro turnaround is on track with cash and profits in line with expectations. Makro's non tobacco like-for-likes were down 10.8% in the 12 weeks and down 11.4% in the half as we continued to exit non profitable, non professional categories. We have converted 4 Makro outlets to the new, improved format and will complete a further 4 in the second half. Sales in India are continuing to make progress.

Our financial position remains strong with a net cash position of £107m.

Finally a trend reversal.



Investec Buy 121.10 178.00 178.00 Reiterates

Panmure Gordon Hold 121.10 150.00 150.00 Reiterates

JP Morgan Cazenove Overweight 121.10 - - Reiterates

About time we started heading the right way