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

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

Half Yearly Report

Interim Results
for the 24 weeks ended 12 September 2014


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 12 September 2014.


Financial Highlights
· Total sales £2.3bn, +1.9%
· Booker like-for-like sales (excluding Makro) up 2.4%. Non tobacco sales up 3.4% and tobacco sales up 0.6%
· Operating profit (pre £7.0m prior year exceptional credit related to Makro acquisition) +15% to £68.1m
· Profit before tax (pre exceptionals) £67.4m, +16%
· Profit after tax (post exceptionals) £55.3m, +3%
· Underlying earnings per share up 16% at 3.17 pence
· Basic earnings per share up 2% at 3.17 pence
· Net cash of £107.2m
· Interim dividend of 0.52 pence per share, up 16%
· As previously indicated, intended return of capital in July 2015

Operational Highlights
· Our plan to Focus, Drive and Broaden Booker Group continues to make progress
· Makro integration is on track
· Booker customer satisfaction improved during the period
· Internet sales up 12% to £413m in the half
· Plan to increase delivery capacity over the next two years by 80%
· Booker Direct, Ritter Courivaud, Classic and Chef Direct continue to make good progress
· Booker India is on track


Outlook
The Group's trading in the first four weeks of the current half year is ahead of the same period 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. We are on track to deliver an outcome for the financial year in line with our plans and to make progress in this challenging environment.

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

"We have had a good half and our plan to Focus, Drive and Broaden the business remains on track. Despite the challenges in the UK grocery market we continue to provide our retail, catering and small business customers with improved choice, prices and service via the internet, delivery and cash and carry."

Now moving up against the market.

Investec Buy 124.10 178.00 178.00 Reiterates

Panmure Gordon Hold 124.10 150.00 150.00 Reiterates

JP Morgan Cazenove Overweight 124.10 - - Reiterates

Booker Group Plc Receives Overweight Rating from Barclays (BOK)
October 27th, 2014 - 0 comments - Filed Under - by Mindy Fischer
Share on StockTwits


Booker Group Plc logoBooker Group Plc (LON:BOK)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays in a note issued to investors on Monday. They currently have a GBX 187 ($3.01) target price on the stock. Barclays’ price target would suggest a potential upside of 43.30% from the stock’s previous close.

Steady rise

Gap closed for now.

Doing well

IMS should be in January.

Been a long term investor here since April :) nearly back to break even , actually i'm ahead with the Divi's .
May get out with a couple more pennies .

similar still situation waiting for BE should have topped at lower levels tho but didnt

Looking for 160p Nar ,then i'll have a small profit even though it's taken half my life to get there.

Out today 157.6p ,so with divi's a profit

Looking Good for the New Year 2015

Interim management Statement

Booker Group, the UK's leading food wholesaler, is pleased to announce its trading performance for the 16 weeks to 2 January 2015. Total sales in the 16 weeks, including Makro, rose by 1.4% on the same period last year. Booker like-for-like sales (excluding Makro) were 2.5% higher with non tobacco like-for-likes up 2.6%.

Booker Wholesale, our cash and carry division, had a good quarter. Customer numbers were up and sales were on track. Overall, Booker Direct, Chef Direct and Ritter performed in line with expectations.

The Makro turnaround is on track. Non tobacco sales were down 6.5% in the 16 weeks as we continued to exit non profitable, non professional categories. We have now converted 9 Makro outlets to the new, improved format.

Sales in India continued to make progress from our six branches.

The outlook for profits and net cash for the year remains in line with expectations.

Charles Wilson, Booker Chief Executive, said:

"This was a good quarter, with Booker Group continuing to make progress in a challenging market. Our non tobacco like-for-likes were up 2.6%. Our plans to Focus, Drive and Broaden remain on track. We continue to improve the choice, prices and service to catering, retailing and small business customers in the UK."


Note: Sales are stated net of value added tax

ENDS

Berenberg Buy 151.25 - 189.00 Resumes

Quarter Four Trading Update

Booker Group, the UK's leading food wholesaler, is pleased to announce its trading performance for the 12 weeks to 27 March 2015. Total sales in the 12 weeks, including Makro, rose by 1.0% on the same period last year. Booker like-for-like total sales (excluding Makro) were 1.7% higher with non tobacco like-for-likes up 2.3%.

Final Results

Financial Highlights
· Total sales £4.8bn, +1.5%
· Booker like-for-like sales (excluding Makro) +2.3%. Non tobacco sales (excluding Makro) +2.9% and tobacco sales +1.1%
· Operating profit £140.3m, +17% (pre prior year £3.4m net exceptional credit relating to Makro acquisition)
· Profit after tax (post exceptionals) £117.7m, +12%
· Basic earnings per share up 0.67 pence to 6.73 pence
· Net cash £147.0m (2014: £149.6m)
· Final dividend of 3.14p, taking the total dividend to 3.66 pence per share, an increase of 14%
· 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
· Customer satisfaction continued to improve
· Makro turnaround is on track
· Internet sales up 12% to £874m
· Booker Direct, Ritter Courivaud, Classic and Chef Direct continue to make good progress
· Premier our symbol group and Family Shopper our local discount format had a strong year
· Sales in India are on track
· We have refined the Group structure to improve choice, prices and service to all our customers

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 implemented a capital return to shareholders of 3.50 pence per ordinary share (at a cost of approximately £61m) in July 2014. Given the continued successful development of the Group, the Board is proposing a second capital return to shareholders of 3.50 pence per ordinary share (at a cost of approximately £62m, based on the current issued share capital of the company). It is again 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 8 July 2015. 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 2016 and will provide an update on this at the 2016 Final Results announcement in May 2016 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. However, 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 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.

Charles Wilson, Chief Executive of Booker, said:

"This was a good year. Customer satisfaction continued to improve, which helped grow Group sales to £4.8bn. Our plans to Focus, Drive and Broaden the business remain on track. We look forward to helping our customers prosper in the years ahead."