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.
|17Feb17 17:36||RNS||Form 8.3 - TESCO PLC|
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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
17 Jan 17
Greggs' trading update confirmed that it delivered a stronger than expected finish to FY16, leaving it well placed to face the margin pressures that will affect the entire industry in FY17. We expect only modest changes to FY17 estimates when FY16 results are released and therefore continue to value the shares at 1,189p.
In line with expectations
12 Oct 16
Greggs enjoys a differentiated position in the growing food-to-go market. Its strategy to enhance its offer and improve the efficiency with which it delivers that offer has yielded good results so far and remains on track. Although the industry faces input cost headwinds in FY17, Greggs has the financial strength to withstand them and the benefit of the continuing strategic initiatives to offset them.
More in the oven
26 Feb 16
The investment case remains quite compelling given further internally driven top-line and margin enhancement potential. Greggs is now entering year 3 of a 5 year ransformation programme, so there is still a lot more to do. Whilst an FY16 P/E of 18x looks up with events, we feel there is good momentum for upgrades to flow through as 2016 progresses and for the shares to outperform.
N+1 Singer - Northern lights - Shining prospects for 2017
16 Jan 17
As the birthplace of Stephenson, Armstrong and Swan, the North East of England has a proud history of industrial and technological innovation. Despite local economic challenges, the region’s industrial heritage lives on through continuing success in high end engineering and technology. The recent takeovers of private equity backed SMD (subsea robotics) and Nomad Digital (wi-fi on the railways) are testament to this. The North East has also emerged as a leader in genetics and genomics with an enviable life sciences and healthcare infrastructure. Against this backdrop, we expect the region to continue to throw up attractive IPO candidates to build on the six new listings in the past three years. We expect 2017 to be far kinder to the existing portfolio of North East plcs than 2016 (a year to forget) with recent management changes one important theme for the new year. Our top picks are Hargreaves Services, Quantum Pharma and Zytronic (all N+1 Singer Corporate clients) and we are Buyers of Northgate and Grainger.