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

Florida hey cant be bad Jimmy.

Youl need to keep your eyes of the sun tanned birds over there LOL or her indoors will get stroppy.

Booker like-for-like sales up 7.8%
Business Financial Newswire
Booker Group's total like-for-like sales in the 12 weeks to 19 June were up 7.8% on the same period last year.

Non-tobacco sales were up 10.4% while tobacco sales grew by 3.9%.

Profits and net debt remain in line with management expectations.

Chief executive Charles Wilson said: "Booker continues to make progress in a challenging market.

"We are helping 414,000 independent businesses compete by improving choice, having competitive prices and enhancing service.

"We look forward to continuing to help independent caterers and retailers prosper in a difficult economic environment."
..............................................................................................................

Very pleasing statement, i'm expecting the summer lull now probably sideways markets or even a small retrace i may buy a few more during the summer if these drop .....

Huge volume today ,can you shed any light on this GF ??..

Director selling after lock in period expired,says the Mail today although not Charles Wilson. So that explains the huge volumes yesterday and today...

Not a bad end to a week with huge volume..Looks like i'm here on my own ,you off on another one of your holidays GF ?? .

Looks like AXA took 7 million of those shares at 35p

Hi Jimmy

yep in Rhodes Town which is a little overcast.

Still in here but getting a little worried about the market in general.

Could be looking at 3825 ish on the FTSE hope not but it doesnt feel bulish in the markets at the moment.

I went there in 1984 ,i bet it's changed now..I'm expecting another drop as we had in October and again in March i think July /August will be another ,although a higher low ,,i'm not worried it will spike back up before xmas..
Have a good time GF..

Bit boring this one ,Are you still in GF ,do you know when they slid in to the FTSE 250..

jimmy, I dont think it has slid in yet, I read September somewhere, probably shares mag, lack of movement suggests it hasn't happened yet, been on my watchlist for a while.

Cheers lelael,, good run with EROS.

Been out for a bit Jimmy evens I think.

yep boring stock.

Breakout at last !!.....

you could be right......

Getting closer to the FTSE 250 maybe thats why ,may not rocket but steady as she goes will do..

My sentiments exactly.

Posted on the traders thread...below .......

KEEP an EYE

BOK 37.25 / 37.50p

Large volume yesterday and today with a rising trend and BREAKOUT after moving side ways for a while

----------------------------1 month with volume ---------------------------------------------- 5 month -------------------

thanks for the charts.

BOK - Booker hosted an investors event Thursday where it highlighted improvements in its Cash & carry offering. Singer Capital Markets, already a fan of the stock, was suitably impressed.

Refits of Booker outlets are being done at a rate of around 30 a year and typically are paying back the cost of the improvements in 12 months. Sales uplifts are adding c0.75% to LFL [like-for-like] sales currently, as well as supporting a better margin mix. Plans to grow the Delivered side of the business are also compelling, Singer said.

Although the shares are up 40% over the last year Singer believes there is more juice to be squeezed out of the share price. The debt situation is improving and, notwithstanding the possibility of acquisition activity, Booker should be able to pay down its remaining debt with in the next two years.

Has this been tipped by Nakedtrader..?