Ripley94
24 Oct 2015
Re: NEW ARTICLE: Booker stalls despite L... **
valeite
21 Oct 2015
Re: NEW ARTICLE: Booker stalls despite L... no reason to sell here....BOK is a cash machine
Ripley94
21 Oct 2015
Re: NEW ARTICLE: Booker stalls despite L... tipped yesterday evening paper back to high.
Ripley94
11 Oct 2015
Re: NEW ARTICLE: Booker stalls despite Londi... last June 14. Near highs
II Editor
03 Sep 2015
NEW ARTICLE: Booker stalls despite Londis and Budgens buy "With the acquisition of Londis and Budgens owner Musgrave Retail now cleared by the Competition & Markets Authority (CMA), LSE:BOK:Booker should have the deal tied up within days. That's great news, and there are further grounds for optimism in a ..."[link]
takestockmark
02 Sep 2015
Re: big move today [link] September 2015: The CMA has cleared the anticipated acquisition by Booker Group plc of Musgrave Retail Partners GB Limited. The full text of the decision will be available shortly.
jaxonsax
02 Sep 2015
big move today a big move today on no news ???wonder if the CMA have cleared the Londis/Budgens deal maybe?
PMP1
04 Jun 2015
Directors selling Why are the directors selling?
II Editor
26 May 2015
NEW ARTICLE: Booker: Taking stock of a growth share "With the chairman leaving on a high in July and the company’s strategy a decade old, it’s a good time to take stock of a consistent growth story.In Full-year results for the year to March 2015 food wholesaler Booker raised revenue 1% and ..."[link]
Seeking money
21 May 2015
Re: Proposed Acquisition of Londis and B... I'm thinking these are a bit pricey now, (£1.70) for the chance, not a guarantee, that 2017 will bring a profit to the purchase announced today. Next year it will be a loss on the purchase, combined with the dividends and cash hand back does not give a high return on the current price of 170 new pence.Still holding 50% from circa 40 new pence, but have sold the other 50% of my holding. which have been purchased over time.Latest Booker buy that I like, is sides of smoked salmon at £9.99 but those handheld readers that they have introduced got me the last time I was in.SM
Iclaude
21 May 2015
Re: Proposed Acquisition of Londis and B... The small corner shop and convenience store are more handy for the busy housewife/house-husband as the trend is moving towards a smaller day to day shopping that caters for what people need rather than what people want. Warfare between the supermarkets and the interlopers Aldi & Lidl has lowered prices in the short term but the canny shopper no longer does a bulk buy weekly shop, searching for the offers. When offers are not available or they run out of something, the local shop is more convenient to reach. The combination of BOK stores with Budgens and Londis can only bring savings to the business and to the customers. This group also looks after its shareholders with a regular dividend and I can see more wanting to come on board.
idontwanttolose
21 May 2015
Re: Proposed Acquisition of Londis and B... It has to be a good move providing the management of BOK stays on course.Their buying power will be significantly increased even if there is a short term hiccup with costs as changes are made!
Seeking money
21 May 2015
Re: Proposed Acquisition of Londis and Budge... Good move as having the shops in the group, will make it more difficult for the likes of Sainsburys/Asda/Tesco to take over the group.SM
idontwanttolose
21 May 2015
Proposed Acquisition of Londis and Budgens Well DONE BOOKER 21 May 2015 BOOKER GROUP PLC Proposed acquisition of Londis and Budgens in Great Britain for £40 million Booker Group plc ("Booker"
, the UK's leading food wholesaler and Musgrave Group plc ("Musgrave", are pleased to announce that they have signed a sale and purchase agreement for Booker to acquire the entire issued share capital of Musgrave Retail Partners GB Limited ("GB Limited", which comprises the Londis and Budgens businesses in Great Britain for £40 million (net of cash balances being acquired) to be satisfied in cash at Completion. Completion of the Acquisition is conditional on the approval of the Competition & Markets Authority. Londis is a symbol retail chain of 1,630 convenience stores. Sales in the year to December 2014 were £504 million. Budgens is a franchised chain of grocery stores. It has 167 stores with sales of £329 million in 2014. In the year to December 2014, GB Limited had sales of £833 million and made an operating loss before exceptional items of £7.4 million. Through Booker, Londis and Budgens joining forces, we will help independent retailers and consumers throughout Great Britain. Following Completion, Booker's aim is to further develop the Budgens and Londis brands alongside Premier and Family Shopper, Booker's retail brands. GB Limited's supply chain will be used for delivery to Booker retail customers. Budgens and Londis customers will retain their brands, but will benefit from a better local and national supply chain. This will help improve the choice offered by the retailers to the consumer. The increased scale and operational efficiency should help lower prices, and retailers will benefit from a better delivery and cash and carry service. This will help independents prosper amid the changes that are occurring in the grocery market. Booker and Musgrave are also developing a strategic partnership agreement to facilitate opportunities and the sharing of competencies between the two groups. We anticipate that the Acquisition will be earnings neutral in the first complete year of ownership and earnings enhancing thereafter. Commenting on the proposed transaction, Charles Wilson, Chief Executive of Booker, said: "Booker, Londis and Budgens are joining forces to help independent retailers prosper throughout Great Britain. This transaction should strengthen Londis, Budgens, Premier, Family Shopper and other Booker retailers, through improving choice, prices and service to consumers. Overall it will help independent retailers prosper." The Acquisition constitutes a Class 2 transaction for the purposes of the UK Financial Authority's Listing Rules and, as such, does not require Booker shareholders' approval. The gross assets at December 2014 were £185 million. Further announcements will be made in due course
PMP1
06 Apr 2015
Re: Booker Group infographic Interesting but will take a while to get my head around it!
