Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Under Chief Executive Officer Charles Wilson, Booker continues to broaden its business. The company, whose expansion in India should excite long-term, will accelerate growth with June's forthcoming launch of 'Chef Direct'. This new food-service offering combines the company's logistics capabilities with the catering expertise of Ritter-Courivaud, a supplier of fine foods to restaurants, hotels and contract caterers which Booker acquired two years ago.
Continue to buy cash and carry and delivered wholesale star Booker (BOK) with the £1.3 billion cap set fair to generate profitable growth and increasingly plump dividend payouts for years to come. Next week's (5 April) fourth-quarter trading update should highlight further positive momentum.
Metro's Chairman Olaf Koch added: "we are convinced that this new set-up meets all requirements for future success in the UK, while allowing Metro Group to further concentrate on countries within our strategic focus."
Commenting on the proposal, Booker's Chief Executive, Charlie Wilson said: "Through working together, Booker and Makro UK will improve choice, prices and service for retailers, caterers and SMEs [small-to-medium enterprises] throughout the UK. Together we will offer a wide range of foods and non-foods to our professional customers, via the internet, delivery and cash and carry."
Under the terms of the deal, which will need shareholder approval, Metro will receive new shares equivalent to 9.99% of Booker's total capital, plus a cash consideration of £15.8m. Based on Booker's closing price on May 29th, the deal values values Makro UK at £139.7m.
Booker Group, the FTSE 250 food wholesaler, is to buy Makro UK, a subsidiary of the huge German retailer Metro, in a combined share and cash deal. Makro is also a wholesale business, which even Metro describes as "challenging". Nevertheless, Booker says the transaction will enable it to become the "UK's leading wholesaler to caterers, retailers and small and medium sized enterprises."
Hello. Got on board this morning. A nice little company we've got on the simmer here.
UK food wholesaler Booker Group (BOK) is take hold of Makro UK, the British arm of German retail and wholesaler Metro Group AG in exchange for 123.9 million pounds of new Booker shares and 15.8 million pounds in cash. The deal will see Metro Group hold just under 10% of Booker's shares, which it is has in effect paid 79.1p a share for. Through the proposed transaction, Booker will become the UK leading wholesaler to caterers, retailers and small and medium businesses, gaining 30 purpose built wholesales sites and adding a further one million customers. Booker shares jumped 7.9p to 87p
getting onboard.
1.4 mill trade..
I notice your de-ramping on PFD,and now your on here doing the same.you clearly know nothing about this company or where ths SP is heading.I reckon ( spelt with a k) this share will reach at least 90p in the coming year.
Panmure Gordon downgrades Booker Group from buy to hold, target price unchanged at 81p.
Charles Wilson, Booker Chief Executive, said: "Booker continues to make good progress. Customer satisfaction for choice, price and service has improved and we are serving 22,000 more customers than last year. This has helped the Group increase sales by over £260m in the past 52 weeks. Our plans to Focus, Drive and Broaden the business remain on track."
Quarter Four Trading Update Booker, the UK's leading food wholesaler, is pleased to announce that total sales in the 12 weeks to 23 March 2012 rose by 4.8% on the same period last year, with total like-for-likes up by 4.8%. Non-tobacco like-for-likes rose by 4.1%, while like-for-like tobacco sales increased by 5.9%. Total sales in the 52 weeks to 23 March 2012 were £3.9bn, up by 7.3%, and total like-for-likes were up by 6.1%. Like-for-like non-tobacco sales rose by 5.1%, while like-for-like tobacco sales increased by 7.8%. Like-for-like sales to caterers rose by 6.1% and retailers by 6.1%. Customer numbers increased by 5% to 481,000 and customer satisfaction improved further. Internet sales increased by 21% to £635m. Our delivered wholesale businesses are doing well and our expansion in India continues following the opening of our second branch in Mumbai. This year has the impact of a 53rd week. Week 53 increased sales by £76m and will benefit operating profits by circa £1m for the full year. The Group had around £63m net cash at the end of the year, compared to £27m a year ago. Profits for the 53 weeks to 30 March 2012 remain in line with expectations.
http://www.investegate.co.uk/Article.aspx?id=201204050700168663A
Im very confused as to where this information has come from,a few points to ponder.Bookers share price has been above 69p since Sept 2011,so why would a broker raise its target price one month after it reached 70 p puzzles me.Secondly,Bookers financial year runs from approx the start of April until the end of March,if you look at the RNS announcement on 22March it says Q4 (Year end) trading update will be released on the 5th April,There is no legal way a broker would know Bookers Q4 (Year end) trading results. If I am wrong in any way,please correct me and I will be the first to apologise.
As long ago as October, broker Peel Hunt highlighted a potential recovery story at cash and carry operator Booker (BOK). The broker raised its target price from 65p to 70p after what were described as excellent first half results that triggered a full-year profit hike of 3%. In fact, the shares have put on 10% plus since then backed by a strong January update driven by demand for fresh produce. This led to a 6.7% overall like for like sales growth number for the final quarter of 2011 - a great outperformance compared to many High Street names. If Q1 2012 has continued in this vein, Booker stock may well continue its recent breakout.
Quarter Three Interim Management Statement Booker, the UK's leading food wholesaler, is pleased to announce its trading performance for the 16 weeks to 30 December 2011. Total sales in the quarter rose by 7.0% on the same period last year. Non-tobacco sales were 6.7% higher, while tobacco sales rose by 7.6%. On a like-for-like basis total sales rose by 6.5%, non-tobacco sales rose by 5.8% and tobacco sales by 7.6%. Customer numbers and the average spend per customer improved. Fresh departments performed well with fruit and vegetable sales up 17%. To accelerate our growth into the foodservice market, Booker is pleased to announce the creation of "Chef Direct". Chef Direct will serve major foodservice customers from a state-of-the art distribution centre in Didcot. Chef Direct will combine Booker's scale and logistics capabilities with Ritter-Courivaud's expertise in catering and speciality foods. The Didcot operation is currently being fitted out, and Chef Direct will start trading in June 2012. Expansion in India continues with the opening of our second and third branches in Mumbai in early 2012. The outlook for profits and net cash for the year remains in line with expectations.
http://www.investegate.co.uk/Article.aspx?id=201201120700144079V
No i am a real man wife does shopping, must be lonely at sea without a woman. do you pink pounds onboard. lol.
WOW you have a trading card !! How did you and the other 600,000 lucky people mange to get a free membership?I bet your also one of the lucky few who have a Tesco Club Card. Merry Xmas.
Still no news on what happened Friday but up today 4.11%
Is there a prize fishermanfriend i think i have won not only do i know all the answers i have a trading card.
Re my silly suggestion and not doing any research.How many of these can you answer without looking up the answer/ Name the CEO? How many depots do they have? How many stores are open in India? Where in India are they.? Where is the head office situated? I could go on,but I am watching Charlie and The chocolate Factory with my kids and there appears to be an Oompa Loompa missing,I wonder where hes got too.
Sorry LOL was not for what happened to the poor lady but to your silly suggestion that the accident would cause the SP to drop over 5% if you had done your reasearch you would know the lady died on Monday. What The Brokers SayStrong Buy 7 Buy 0 Neutral 2 Sell 0 Strong Sell 0 Total 9 Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.