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The RNS looks interesting. I'm tempted to get some additional BOK shares.
Well deal done - onwards and upwards. Just thinking about future SP, with Tesco adding about £3.7b to the market cap where would that put the SP or will the amount of transfer of bookers shares dilute this? Any thoughts welcome.
Looking set to happen now in all honesty, I previously held BOK and made some good gains on the takeover moves. Will probably buy back again once integrated into TESCO and the clear benefits that deal will bring.
It won't happen this year. But that doesn't matter, this is a good company and the share price reflects that.
I get the feeling that this takeover is not going to happen.
I think you are not wrong thinkingabout ! I have just done the excercise again at a more recent price and come to the same solution. I cannot decide whether to buy the dividends which represent 3.99%! Any views ?
Deal=42.6 p and 0.861 new Tesco shares Assuming I have 1000 brook share (£2per share)=2000 £0.426x1000=£426 1000x0.861= 861 of new Tesco share (£1.83 on Friday closing price) therefore £ 1,575.63 £1,575.63+£426=£2,001.63 Is this correct? Please tell me if I am wrong
Off topic but am running the London marathon on Sunday for the animal hope and wellness foundation that saves dogs from being tortured, burnt slive, boiled alive in the Asian dog meat trade if anyone would like to donate it would be GREATLY APPRECIATED at Neil beedie Just Giving. The site closes end of may thanks everyone that's already donated :)
The price edges down even though, as with today, more shares bought than sold
Wow, didn't see this on the horizon, but with the share price holding up so well this month the indications were there... IMO the deal is a cracking one for Tesco which will now be able to cover all avenues of the shopping experience, but I can't help but think that Tesco have managed to push a deal through or are in the process of pushing this deal through on the cheap, therefore leaving the back door open for a counter offer by another... Time will tell. It seems strange that after all the work Charles has done through streamlining, acquisitions and good management and £100 million in the bank, that he picks now as the right time to sell out??
Market abuse at it's finest. It should be reported and investigated but as usual FCA will no doubt turn a blind eye to it.
Have you reported it? I am going to.
That trade should be investigated.
for whoever bought £311k worth reported after hours, what did they know and when!
deal including the cash only adds up to a premium of 12% from yesterdays closing BOK share price.
What about this 42.6p - whats that all about?
your BOK shares will be replaced with TSCO shares. The deals values your BOK shares at 205 pence.
Am I really reading this right? Under the terms of the deal each Booker shareholder will receive 0.861 new Tesco shares and 42.6 pence in cash. 42.6p for every share we own???? Plus Tesco shares as well????
And yes I realise what the deal is but I'm looking at what my Booker shares are worth and not holding Tesco after.
I see this as good news, I've liked Booker for a while now and this deal can only help us climb higher.
I have also had the privilege of meeting with and speaking to Charles Wilson on numerous occasions, and I would concur with everything you say, he is without any doubt in my mind one of the best CEOs in retail / wholesale. I also had the privilege of meeting both Allan Leighton and Archie Norman many times too, and he is certainly as sharp and competent as them, I don't think I could provide any greater praise than that. There is no one who understands his market and customer as well as him.
Merry Xmas booker holders, as a long term holder I believe 2017 will be an excellent year for this company. Having spoken to and met Charles Wilson in the past I can safely say he is one of the most well spoken and knowledgeable persons I have ever met. He took over the helm of this company when it was on the brink of death and has seen the share price dive to lows of pennies and rise back up to nearly £2. He is the company Imo, and if ever the day came that he decided to part ways with Booker will be the day ill probably sell up! With £100 million in the bank I can foresee and imagine that Charles will be sniffing around distressed assets that would add value to the Booker empire... And can certainly see a purchase or agreement in the pipeline for early part of 2017 which would then push the share price past any resistance and above £2. I don't think Charles will disappoint with the next interims which will by and large be in line with expectations. With the last special divi from the makro purchase coming next year, its definitely a hold from me until then or top up if the usual January lull pulls this share price down to near the £1.50 mark.
chinch – I think you are spot on. And don’t forget that Bookers will expect the Londis and Budgen acquisitions to enhance group earnings from May 2017 on.
Think we may see a further rise tomorrow and break that range :)
Only IMO but this is not a "sexy" share and trades between £1.72 and £1.86 with top and bottom lines on a gradual incline. Very well run company and City love Charles Wilson the main man. Special div to be paid in 2017 again. All in all a well rounded solid Company which I've been in for 3 years with divs reinvested for the long term