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Very strange - back up today. Advised nothing wrong with the fundamentals here and plenty to look forward to including the announcement of a special dividend.
I totally agree.The markets generally down with the Ukraine situation so dragging most stocks with it. Time to hold IMO. The fundamentals remain strong so nothing has changed.
Full year interim RNS last Thursday made good reading. I didn't think we'd be back in the 150s again, let alone the 140s. What's going on?
12 Feb 2014 Booker Group PLC BOK Berenberg Buy 158.60 158.60 164.00 186.00 Reiterates SP TARGET 186p
Latest share tip from IC It requires an investor to go off the beaten valuation-metric track to make a case for shares in wholesaler Booker. Its PE multiple is massive and the dividend is fairly puny. However, the price-to-sales ratio (PSR) suggests the stock has merits. The classic explanation of why the PSR is such a good predictor of value is essentially that where sales lead, profits will follow. That's very much the case with Booker. The group is currently in the process of turning around its major acquisition of rival Makro. While like-for-like sales are falling as unprofitable lines are culled, the division's profits and cash generation are rising fast. What's more, there should be plenty more to come, which is fuelling forecasts of strong EPS growth for the group in coming years. Booker is also making good progress with its overseas expansion into the Indian market. Lennie
everyone. Remember this following RNS in October: Interim dividend and proposed special cash return Booker's strategy to drive and broaden its business is working. As a result the Board has declared an interim dividend of 0.45 pence per share, up 18%. In July 2012 Booker Group plc issued £124m of shareholder equity to purchase Makro in the UK. Following the successful integration of Makro into the Group and strong cash generation, we intend to implement a special cash return to shareholders of approximately £60m in 2014. Further details will be provided at the time of our preliminary results in May 2014. I'm holding
Strong results they sp has dropped. What's occurring?
Bought at 88p. In two minds now. The figures look good but I've a nasty feeling that the price might continue to drift downwards.
BRIEF-Booker total sales up 19.1 pct in 16 weeks to Jan 3 16 Jan 2014 - 07:06 Jan 16 (Reuters) - Booker Group PLC <BOK.L>: * Total sales in the 16 weeks, including makro, rose by 19.1% on the same period last year. * Booker like-for-like total sales (excluding makro) were 2.0% higher with non tobacco like-for-likes up 4.1%. * Says Booker wholesale, cash and carry division,customer numbers were up and sales were in line with expectations. * Outlook for profits and net cash for the year remains in line with expectations. * Source text for Eikon: [ID:nRSP7664Xa] * For more news, please click here [BOK.L] ((London Equities Newsroom; +44 20 7542 7717))
16 Jan 2014 Booker Group PLC BOK Investec Buy 158.70 159.90 149.00 172.00 Reiterates SP TARGET 172p
Excelent results like for like up over 4%..... For Immediate Release 16 January 2014 Booker Group plc ('Booker') Quarter Three Interim Management Statement Booker Group, the UK's leading food wholesaler, is pleased to announce its trading performance for the 16 weeks to 3 January 2014. Total sales in the 16 weeks, including Makro, rose by 19.1% on the same period last year. Booker like-for-like total sales (excluding Makro) were 2.0% higher with non tobacco like-for-likes up 4.1%. 16 weeks to 3 January 2014 Total % Tobacco % Non Tobacco % Booker Group Total (inc Makro)¹ 19.1 1.6 29.3 Booker Like-for-like 2.0 (1.7) 4.1 Booker Wholesale, our cash and carry division, had a good quarter. Customer numbers were up and sales were in line with expectations. Booker Direct, Ritter, Classic and Chef Direct also had a good quarter. Chef Direct, the foodservice business we launched in 2012, is now supplying over 250,000 meals a day to our clients. The Makro turnaround is progressing well. Non tobacco sales were down 5.9% in the 16 weeks having stopped selling some consumer ranges such as televisions. Cash and profits at Makro were in line with expectations. Sales in India are continuing 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 non tobacco like-for-likes up 4.1%. Our plans for bringing Booker and Makro together are on track. We continue to improve the choice, prices and service to catering, retailing and small business customers in the UK." Notes: 1. Makro was consolidated from 19 April 2013 2. Sales are stated net of value added tax 3. Makro's like-for-like sales decrease reflects its sales in the 16 weeks, compared to its performance as a standalone business in the equivalent period in the prior year ENDS For further information contact: Tulchan Communications (PR Adviser to Booker Group plc)
If bookers profits increase with the awful fresh produce they sell in Sunbury on Thames branch, just think what they could do if they sold the good stuff !...Products constantly changing so if you are a caterer you cannot guarantee the items will be listed the next week....if you want cans of beans and cheap bacon and beer your laughing...I am in profit with this share but I have to spend money at other retailers due to bad stock and lack of choice....
Booker Group (LON:BOK) had its overweight rating reaffirmed by analysts at Barclays. They currently have a GBX 187 ($3.04) target price on the stock. SP TARGET....187p
I've been told they will hit £2.50 by end of next year
huge trades...buys/sells?.....
Booker Group plc Interim Results for the 24 weeks ended 13 September 2013 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 13 September 2013. Financial Highlights · Total sales £2.2bn, +16.5% · Booker like-for-like sales +2.3%, tobacco sales -2.2% and non tobacco sales +5.0% · Operating profit (pre £7.0m exceptional credit related to Makro acquisition) +16% to £59.0m · Profit before tax (pre exceptionals) £58.1m +17% · Profit after tax (post exceptionals) £53.8m +43% · Underlying earnings per share up 0.25 pence to 2.73 pence · Reported basic earnings per share up 0.82 pence to 3.11 pence · Net cash improved to £123.4m (2012: £69.8m) Operational Highlights · Customer Satisfaction at Booker and Makro improved · Non tobacco like for likes were up 5% · Internet sales up 11% to £369m · Booker Direct, Ritter Courivaud, Classic and Chef Direct are on track · Makro turnaround is on plan and we should deliver £26m of synergies this year · Our Indian business continues to progress, having opened two sites in the half. We now have six branches in India Interim dividend and proposed special cash return Booker's strategy to drive and broaden its business is working. As a result the Board has declared an interim dividend of 0.45 pence per share, up 18%. In July 2012 Booker Group plc issued £124m of shareholder equity to purchase Makro in the UK. Following the successful integration of Makro into the Group and strong cash generation, we intend to implement a special cash return to shareholders of approximately £60m in 2014. Further details will be provided at the time of our preliminary results in May 2014. Outlook Group turnover in the second half to date is ahead of the same period last year. Working capital levels and costs are in line with plan. Overall, Booker Group plc continues to trade in line with management expectations. Commenting on the results, Charles Wilson, Chief Executive of Booker, said, "Our plan to Focus, Drive and Broaden Booker Group is on track. The team at Makro have settled into the Group and are making a real contribution. Through working together Booker and Makro are improving the choice, price and service for our retail, catering and small business customers. Our Customer Satisfaction improved which helped drive non tobacco like for like sales up 5.0%."
BOK looks like it could breakout. Results on thursday and last ones were rather solid. Worth keeping an eye on. http://uk.advfn.com/p.php?pid=legacydaily&epic=L^BOK&type=4&size=2&period=4&ind_type1=1&ind1_1=&ind2_1=&ind_type2=2&ind1_2=12&ind2_2=&ind_type3=4&ind1_3=14&ind2_3=&olx_1=3&ma_type1=3&o_1maday1=25&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=1"
Booker Group: Investec shifts target price from 141p to 146p and reiterates a buy recommendation.
nice rns today
Ive been in this share since 30p,this time next year this will be £1.50 plus.Stick with it.
I've been watching this share for a while and after reading their Q4 Statement I bought in. 48 hours later a number of the directors sell £m shareholdings and the sp tanks!!
Quarter Four Interim Management Statement Booker, the UK's leading wholesaler, is pleased to announce its trading performance for the 12 weeks to 29 Total Sales, excluding Makro (see Notes), rose by 2.3% on the same period last year. tobacco sales were 4.3% higher, while tobacco sales fell by 0.8%. On a like-for-like basis total sales rose by 2.2% compared to the same period last year, non-tobacco sales rose by 4.2% and tobacco sales fell by Total sales in the 52 weeks to 29 March 2013 excluding Makro were £4.0bn, up by 3.5% compared to last year, and total like-for-likes were up by 3.3%. like tobacco sales increased by 1.3%. numbers increased by 5% to 504,000 and customer satisfaction improved further. Our delivered wholesale businesses are progressing and our expansion in India continues with the opening of our third branch in Mumbai. The Group had around £77m net cash at the end of the year, compared to £63m a year ago. paying a part cash consideration of £15.8m for the Makro business. 2013 remain in line with expectations.
DUESSELDORF, Germany, March 20 (Reuters) - German retailer Metro AG said it is happy with its ownership of a 9 percent stake in UK cash and carry firm Booker, and an exit is not on the cards. Metro acquired the stake and agreed a lock-up as part of a deal to sell its cash and carry operations in Britain to Booker last year. "Right now we are very happy with ownership, so there is not a necessity to speculate right now about stepping out of the 9 percent," Chief Executive Olaf Koch told analysts.
announcement from the Competition Commission that it has provisionally decided to approve its acquisition of Makro Holding Limited. The Commission has reviewed the transaction and provisionally concluded that it does not expect it to result in a substantial lessening of competition at a national or local level. The Commission is expected to publish its final report by 24 April 2013, the statutory deadline for completion of its inquiry. Booker will continue to work closely with the Commission throughout the remainder of the inquiry.
Booker Group: JP Morgan initiates with a target price of 122p and an overweight rating.