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

StockMarketWire.com
Booker Group's first quarter sales rose by 4.0% on a year ago with like for likes up 4.2%, shareholders at the annual general meeting today will be told.

Chief executive Charles Wilson will say: "Non tobacco sales grew by 9.6% on a like-for-like basis.

"Favourable weather and the late Easter assisted this growth. Tobacco sales continued to be adversely impacted by changes in tobacco legislation, down 7.9% like-for-like.

"The Group had a solid quarter for customer satisfaction and cash profit. Booker Direct, Chef Direct, Ritter and Booker India performed as we expected. Premier continues to grow and we continue to make good progress with Budgens and Londis.

"Our balance sheet remains strong with a net cash position.

"As previously announced, we are today seeking shareholder approval to pay a special dividend of 3.02 pence per ordinary share at a cost of approximately £54m.

"This is in addition to the final dividend of 4.97 pence per ordinary share which is also being proposed at the Annual General Meeting.

"On 27 January we announced the planned merger with Tesco and we are currently going through the review process with the Competition Authority.

"As a result of the proposed merger, we are in an offer period as defined in the Takeover Code and will not be making forward looking statements for the duration of the offer period."

Wilson added: "This was a good quarter. Our plans to Focus, Drive and Broaden the Group are on track.

"On 27 January we announced the planned merger with Tesco and we are going through the competition process.

"Meanwhile business as usual is going well as we continue to improve choice, prices and service for our retail, catering and small business customers."

somebody paid a premium for a shed load of these earlier today, hope they didn't miss the 1 off!
these were trading at 2.192 at the time.
The trade appears to be at 2.92, and they had an awful lot!