The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBooker Group Share News (BOK)

  • There is currently no data for BOK

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Friday newspaper share tips: Booker, Premier Oil, Hargreaves Lansdown

Fri, 14th Oct 2016 15:19

(ShareCast News) - Shares in Booker are worth holding onto notwithstanding the high multiple on which they are trading, The Times's Tempus said.Since company boss Charles Wilson took the helm in 2005, the shares arrested a decline that saw them drop to less than 8p in 2007 to then recover to 185p as of yesterday.In just over four years, the grocery supplier to small shops and restaurants had returned more than £180m to its shareholders and as of the half-year to September nearly £106m has already piled up at the bank again.The company has also moved into catering, from which it now derives almost a third of its £5bn in revenues.While Booker is not immune to the tough trading environment, recent acquisitions mean that sales accelerated from 10% growth in the first quarter to 15% in the second.At 24 times' profits the stock is "highly-rated" Tempus judged but was nevertheless a 'hold'."Booker's overall performance has been excellent in difficult markets, but all that seems reflected in a high multiple."If you're looking for immediate sources of higher income, Premier Oil's 5% December 2020 bond might be an alternative, The Daily Telegraph's Questor team said.It is a high risk bond, a 5% coupon is not high, and liquidity is dear but the oil explorer's travails - and those of the wider sector - pushed them down to 38p at one point in January, versus 81p at present.Indeed, the yield to maturity stood at 10.9% at last count.Questor also advised that investors replicating its suggested portfolio offset that risk by buying an equal amount of Tesco's 6% 2029 bond.The long-term trend favours Hargreaves Lansdown but its first quarter numbers revealed caution among the retail investors that use its Vantage dealing platform due to the uncertainty surrounding Brexit and everything else, Tempus said.Given that the shares are trading at a very high multiple of 30 times' earnings, the reaction to any bad news can be pronounced, so the tipster recommended that investors "Avoid".
More News
5 Mar 2018 10:51

BUZZ-Top of the Street: Deutsche Telekom, UK Grocers, IMI, Segro, ProSieben

A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Top-ranked Barclays downgrades Deutsche Telekom to "equal seeing in a

Read more
5 Mar 2018 10:34

Miners, energy stocks help FTSE up from 14-month low

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * FTSE 100 up 0.5 pct * Miners, energy stocks rise * Tesco leads supermarkets after completes Kit 5 -

Read more
5 Mar 2018 08:27

UPDATE 1-Tesco completes $5.5 bln takeover of Booker?

* Booker shares de-listed * Integration of Tesco and Booker to begin * Takeover approved by court on Friday * Investors backed deal on Wednesday (Adds March 5 (Reuters) - 4 of

Read more
5 Mar 2018 07:20

Tesco completes $5.5 bln takeover of Booker?

LONDON, March 5 (Reuters) - Tesco, Britain's biggest retailer, has completed the 4 billion pound ($5.51 billion) takeover of Booker, on

Read more
28 Feb 2018 12:26

Booker shareholders back Tesco takeover at general meeting

LONDON, Feb 28 (Reuters) - Shareholders in Britain's largest wholesaler Booker on Wednesday backed a takeover by Tesco, the country's biggest a of

Read more
28 Feb 2018 12:18

Booker says shareholders back Tesco takeover at scheme court meeting

LONDON, Feb 28 (Reuters) - Shareholders in Britain's largest wholesaler Booker on Wednesday backed a takeover by Tesco, the country's biggest a of

Read more
28 Feb 2018 11:44

UPDATE 2-Tesco and Booker shareholders give blessing to marriage

* 85 pct of Tesco investors back 3.95 bln stg deal * 83 pct of Booker shareholders support deal * Deal set to complete on March 5 * Shares in both companies of

Read more
17 Feb 2017 14:26

BT hit weighs on hedge fund Lansdowne's January returns - letter

* Developed Markets Fund down 2.9 pct in January * Takes 1.3 pct hit from slide in BT's share price * Comcast, Amazon, Facebook all help to offset losses By Maiya Keidan LONDON, Feb 17 (Reuters) - After ending last year down heavily, the value of London-based Lansdowne Par

Read more
1 Feb 2017 16:13

S&P keeps Tesco at BB+, but outlook unchanged at 'stable'

(ShareCast News) - Analysts at Standard&Poor's hailed Tesco's announcement of an imminent cash and shares merger with food wholesaler Booker. Nonetheless, the grocer's high pension deficit and intention to resume paying dividends in the fiscal year ending February 2018 meant its quality as a debtor

Read more
30 Jan 2017 08:47

BUZZ-Tesco/Booker: fall on reports of competition scrutiny

** Tesco and Booker both fall c. 2pct after multiple reports the two companies will face a lengthy competition probe ** The UK's largest supermarket chain and one of the country's leading wholesalers announced a surprise merger on Friday ** Over the weekend Times reports UK's Competit

Read more
27 Jan 2017 17:13

European shares lower as UBS weighs on banks; Tesco surges

* STOXX 600 down 0.3 pct, weighed down by banks * Swiss bank UBS drops after underwhelming results * Tesco rallies on Booker acquisition * Index posts weekly gain on M&A, earnings, Trump boost (Updates prices at close) By Kit Rees and Danilo Masoni MILAN, Jan 27 (R

Read more
27 Jan 2017 17:03

LONDON MARKET CLOSE: US GDP Misses Before May-Trump Press Conference

Read more
27 Jan 2017 16:16

UPDATE 4-Resurgent Tesco surprises with $4.6 bln swoop for wholesaler Booker

* Deal comes after two years of recovery at Tesco * Tesco to restart dividend payments in 2017-18 year * Tesco shares up 10.5 pct, Booker shares up 18 pct (Adds detail, investor comment, updates shares) By James Davey and Sarah Young LONDON, Jan 27 (Reuters) - Britain's

Read more
27 Jan 2017 12:03

LONDON MARKET MIDDAY: Tesco-Booker Steal Show Before May-Trump Meeting

Read more
27 Jan 2017 10:44

European shares lower as UBS weighs on banks; Tesco surges

* STOXX 600 down 0.5 pct, weighed down by banks * But index set for weekly gain on M&A, earnings, Trump boost * Swiss bank UBS drops after underwhelming results * But Tesco rallies on Booker acquisition deal * Solid updates buoy LVMH, Wartsila (ADVISORY- Follow European

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.