Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on BOOKER GROUP PLC. We currently have 7 research reports from 2 professional analysts.
|01Dec16 08:50||RNS||Total Voting Rights|
|01Nov16 10:04||RNS||Total Voting Rights|
|19Oct16 10:09||RNS||Director/PDMR Shareholding|
|18Oct16 01:37||RNS||Holding(s) in Company|
|17Oct16 10:33||RNS||Holding(s) in Company|
|13Oct16 07:00||RNS||Interim Results|
|03Oct16 07:00||RNS||Total Voting Rights|
Frequency of research reports
Research reports on
BOOKER GROUP PLC
BOOKER GROUP PLC
16 Sep 16
"Have the central banks run out of ideas? Traders are hearing this common narrative, and it's starting to worry. Globally ultra-low rates are on offer everywhere while every viable corner to apply stimulus has been sought out, but all to little net effect. Yesterday, Bundesbank President, Jans Weidmann, even took the opportunity to remind the European Central Bank that its easy-money policies could curb productivity, undermine banks' ability to lend while keeping inefficient enterprises alive. His views are shared by other senior bankers who are keen to stop even deeper ECB interventions in financial markets and fire similar warning shorts across Mario Draghi's bows. A week before the FOMC gathers for its September meeting, with members having already openly aired their sharply contrasting opinions, many are now suggesting that, as difficult as it sounds, some sort of concerted, global political intervention will be required to help policymakers recreate globally sustainable economic conditions, with a view to first getting growth and inflation back on predictable trend. All very worrying, but Ignoring the bigger picture for now and instead playing the shorter game, the principal US indices all rose broadly yesterday, led by the expectation interest rates will remain unchanged this month, tech stocks put in good gains while also seeing some recovery of previous day losses for energy stocks. This was enough for all 30 components of the Dow to close higher. With the Chinese, Hong Kong and the South Korean markets closed in Asia for their Mid-Autumn Festival holiday, Japan traded higher as its tech stocks followed the NASDAQ's lead and the ASX saw major commodity plays regain some of their confidence. Today's EU summit in Slovakia should grab some headlines, as leaders contemplate life without the UK and the Union's future existential challenges. The UK is not scheduled to release any important macro data and no major corporates are due to release earning figures today, although investor's will be keen to hear a response from Deutsche Bank which learned overnight of the US$14bn penalty proposed by the US to resolve the ongoing mortgage probe in its territory. The FTSE-100 is seen drifting some 10 points lower during opening trade on relatively light volumes." - Barry Gibb, Research Analyst
07 Jul 16
"The Fed's apparent adoption of a 'wait and see' approach on how and when to proceed with its next interest rate move, effectively reversing previous signals that pointed at a move to higher rates this summer, is today likely to help European equities recover some losses of recent days. The FTSE-100 is seen opening up some 65 points, with the French and German markets rising similarly, while the US dollar may give back some of its exceptional post-Brexit gains ahead of Friday's US Jobs data, which could provide a repeat of last month's gloomy reading. Picking up this mood, US equity indices recovered from a weaker opening to close with modest gains on bargain hunting. Asia was mixed in early morning trade, with the Nikkei giving back early advance as the Yen continued to strengthen while the Shanghai Composite continued to reflect doubts about China's economic wellbeing; Australia's ASX held onto commodity-led gains despite S&P lowering the Country's rating outlook to negative. Macro releases due from the UK this morning include Industrial Production data and the Halifax house price index. Amongst UK corporates, expect Q1 figures from Marks & Spencer, full year numbers from Sports Direct and a trading update from AB Foods." - Barry Gibb, Research Analyst
Panmure Morning Note 15-10-15
15 Oct 15
Booker has announced half year results to the end of September 2015 with trading as expected post the recent pre-close trading update. Group revenue declined 1% to £2.2bn, with non-tobacco LFL sales up 0.6% and tobacco sales down 3.7%, group PBT increased 10% to £74.1m, EPS +9% to 3.45p. The group increased the interim dividend by 9% to 0.57p and intend to pay a special dividend of 3.5p in July 2015 (as expected). We expect no changes to consensus estimates post today's update and we retain our Hold recommendation and 150p price target.
Small Cap Breakfast
29 Nov 16
Asia Pacific Investment Partner - the research-driven emerging and frontier markets real estate development business intends to float on AIM and conduct a placing in December RM Secured Direct Lending - The secured direct lending fund intends to float on the Main Market on 15 December raising up to £100m Diversified Oil & Gas— Schedule One now out. $60m to be raised. Expected admission 6 December. Creo Medical Group —UK based medical device company focused on surgical endoscopy, a recent development in minimally invasive surgery. Admission due 7 December. Fundraising details TBA.
02 Dec 16
"By late Sunday, we should have a good idea whether or not Italian Prime Minister, Matteo Renzi, will be stepping down. The polls suggest his constitutional referendum, which has effectively become a confidence vote on his premiership, will get a 'thumbs down'. No new election is actually required until February 2018, but any attempt to simply replace him with another technocrat leader could well see a public, suffering from implosion of their bad-debt laden banking system, 38% youth unemployment and an inability to stifle giant capital outflows, clamouring for a snap election. This, of course, would open the door for Bepe Grillo's Five Star Movement, whose denouncement of the Euro could, in turn, generate in a wave of similar populist referendum voting across other dissatisfied EU nations, with France's own presidential election, due to take place on 7th May, the headline this morning following Francois Hollande's overnight declaration that he has decided not to stand. The prospect of Eurozone's collapse, however, was not the driver of the US session, which started in the positive following release of strong November Manufacturing ISM data, but waned later as a sell-off amongst tech issues pushed the NASDAQ sharply down, while the Dow Jones managed to hold onto modest gains due to sustained switching into financials, as divergence between the two sectors and the rout in government bond markets since Trump's election continued. Asian shares were lower across the board, with the Nikkei suffering as the Yen found buyers amongst US$ sceptics waiting for flaws in the Trump rally to show through, which dragged the other regional markets with it. With investors now virtually taking a 25bp hike by the Fed later this month for granted, focus this afternoon is likely to centre on the important US employment report, with forecasts in the 180k to 200k range, taking unemployment to 4.8% with a modest rise in hourly earnings of around 0.1%. The UK will also report Construction PMI figures this morning while corporates due to disclose earnings or trading updates include 88 Energy (88E.L), Altona Energy (ANR.L) and Berkeley Group Holdings (BKG.L). Traders meanwhile continue to watch oil futures carefully; although prices moderated during the Asian session, sentiment following OPEC's agreement remains positive with January's light, sweet crude trading a whisker below US$51 on the Mercantile Exchange, as they weigh up expectations on the terms being upheld or the various participants instead deciding to cheat on quotas rather than give up market share to US shale producers. London equities opened in a nervous mood this morning, with the FTSE-100 down over 57 points in early trading." - Barry Gibb, Research Analyst
Argos and broader non-food offer to defend market share
28 Sep 16
Q2 total sales fell by 0.4% and by 1.1% on a lfl basis. The retail business (excluding Argos) generated almost flat sales compared to Q2 15 but was still experiencing a negative trend on a lfl basis. The good news came from Argos’s recovering business, where revenues impressed with 2.8% growth in H1 following a promising Q2. Sainsbury strengthened its network by opening nine new convenience stores and one supermarket. Sales of groceries online showed an 8% increase (in line with last quarter’s) despite the decrease in both customer orders and basket size. The stock lost 3.27% this morning.
16 Jun 16
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N+1 Singer - Conviviality - Solid H1 update
01 Nov 16
Conviviality has issued a solid H1 trading update. Overall it’s had a good first half with the dominant Mathew Clark and Bibendum businesses growing LFL’s by >5% - this is impressive. The Retail business traded broadly in line with our expectations. Delivery on synergies remains on track. We make no changes to our above consensus forecast this morning but reinforce our Buy on growth, rating and yield considerations. The company has a Capital Markets day tomorrow.