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

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

Don't know if this helps
249 BOK Booker Group 35.50 529.5

Yes thanks for that Clubman..

If it does not get a lift up in the next few days I fear is may just miss out on FTSE 250 entry I bought yesterday at 35 so hopefull it moves up.

Thank you Clubman for link, I hold booker and have had Indus Gas (INDI) on my watchlist for a while which appears on this list as well, interesting.

Friday Booker fell just outside by one place it must go higher next week otherwise it will fail to enter the FTSE 250 then it will fall IMHO.
Close 04/09/2009 Postition 251 BOK Booker Group 35.75 533.2

Some big buys today lets hope it gets in the 250 as I think Tues is the last day

Yes there was and tomorrow is the last day ,wed 9th is entry day ,whatever happens i like this stock..

Here we go !!

Looking good today jimmy

very good,

boring and patience is very good.i try not to get too bullish when boring stops being so.
im not adding again YET. although often the boring followed by the not so boring confirms that accumulation has been completed.( the reverse on a downside move, i.e. distribution) just my opinion. as always dyor.
regards
jkd

Now where are we going with this 40p today ?

Just a reminder. Results thurs 17th Sept.

Yes Booker entered the FTSE 250
246 BOK Booker Group 38.50 574.2

ABR is demoted from the FTSE 250
AVE is promoted to the FTSE 250
BBY is demoted from the FTSE 100
BOK enters the FTSE 250
DIG is demoted from the FTSE 250
EUK is demoted from the FTSE 250
FRCL is demoted from the FTSE 100
FSJ is demoted from the FTSE 250
GSDO+GSDE is demoted from the FTSE 250
IMG is promoted to the FTSE 250
IPF is promoted to the FTSE 250
LAM is promoted to the FTSE 250
LMS enters the FTSE Small Cap
MCHL is demoted from the FTSE 250
NTG is promoted to the FTSE 250
NVA is demoted from the FTSE 250
OIH enters the FTSE Small Cap
PAG is promoted to the FTSE 250
PNN is demoted from the FTSE 100
RTO is promoted to the FTSE 100
SDL is demoted from the FTSE 250
SGR enters the FTSE Small Cap
SGRO is promoted to the FTSE 100
SMP is promoted to the FTSE 250
TNI is promoted to the FTSE 250
TRMA is demoted from the FTSE 250
WTB is promoted to the FTSE 100


* FTSE Ground Rules state that cumulativ