picstloup
12 Mar 2018
Re: That's it then ~+5% in a year: done better, done worse. The real advantage of BOK v TSC in the last year has been the 12p in divis BOK has paid, compared to 1p for Tesco. Still not sure whether to hold my Tescos or find something better (roughly 2% of wad).
Ripley94
12 Mar 2018
Re: That's it then Reckon you paid around 210p for your shares, not bad seeing they are 221 above.
picstloup
12 Mar 2018
Re: That's it then Yes, I ended up with a fraction over 1 Tesco share for each of my Bookers, plus about 13p in cash, rather than the default of 0.861 TSCs plus 42.6p
Ripley94
12 Mar 2018
Re: That's it then Informed you will be scaled back to 68.57% Pictlop.Trying to work out how much you were charged per share.0.206 of a share for for 42.6p it appears.
Ripley94
11 Mar 2018
Re: That's it then 27/01/17..16/02/18..Please let us know how many extra you get pictloup.I missed the cut of date so will get the default offer.We don't know how much each Tesco new shares will be valued at broker told me.Or is that known ?
picstloup
28 Feb 2018
That's it then 83.4% of Booker's shareholders backed the takeover, comfortably beating the 75% needed. I opted for max shares, wonder how many extra I'll get (not many, I suspect).[link]
Ripley94
16 Feb 2018
Re: "closing dividend" of 3.7p Thanks Picstloup.I was going to take the max cash as the bok share is about 6% above the Tesco share on the year graph , after touching even begging of Nov and early Jan.In you 1000 example would you not get the £ 37 div in all case's
picstloup
12 Feb 2018
"closing dividend" of 3.7p Not bad. I'm going for max shares in the mix and match option, although I expect it will be scaled back - in the option 42.6p of cash gets you 0.206 of a Tesco share. Take somebody with 1000 Bookers: they will get 861 Tesco shares and £426 cash (plus £37 divi). In theory, if all they put all the available cash into Tesco shares, they could get as extra 206 shares.
Seeking money
11 Dec 2017
Re: Bad day for Booker... Hi PJ,I've replied to you on the LLOY board, a more public forum, you may want to reply there.SM
picstloup
10 Dec 2017
Re: Bad day for Booker... I'm relatively happy. Bought my Bookers at c£2.08 in January, since had c8.6p in divis (c4%), share price up ~8%. Done worse, done better.
PJ Foster
08 Dec 2017
Re: Bad day for Booker... SM,It's worse than you think.My calculation suggests that you may have got your maths askew.The share price when you wrote your e-mail was BOK: 198 and TSCO: 176So with your example 1000 shares (Currently worth £1980) you get:£426 cashAnd 1000 x 0.861 Tesco shares, worth 861 x 1.76 = £1515.36A total of £1941.36 - £38.76 less than the value of your Booker holding 
Today it's a bigger gap. Closing price today BOK: 225.4 TSCO: 205.2So with your example of 1000 shares (Currently worth £2254) you get:£426 cashAnd 1000 x 0.861 Tesco shares, worth 861 x 2.052 = £1766.77A total of £2192.77 - Woohoo! You lose £61.So if you were upset when you thought you were getting more post take over, I guess you'll be well pi55ed off now!Cheers,PJ(Unless it's my math that's wrong.)
II Editor
15 Nov 2017
NEW ARTICLE: Trends and Targets for 16/11/2017 " BOOKER PLC (LSE:BOK) Back in the time of the dinosaurs, when buying wholesale supplies at Booker there were repeated attempts to play at limericks. After all, it never required genius to find a word to rhyme with Booker and kick off the ..."[link]
Seeking money
08 Nov 2017
Re: Bad day for Booker... ...and it continues, when you look at the following.Using basic charts provided by ii, the share price for BOK was in the region of 105 pence at the start of 2013.Including the financial year 2012 BOK have returned 29.18pence in divs, cash returns etc, again ii information.So the share price has risen in that time, based on todays price, 89%, in under 5 years, no small appreciation in capital.Based on today's price the return over the div. years mentioned above is a 14.7% div yield.So a capital appreciating company, that pays good dividends. So what are we being offered for this at todays prices. I'll use a holding of 1,000 shares as it is an easy calculation value.42.6 pence for each BOK share and 0.861 new TSCO shares for each BOK share.This equates to £426.00 cash and £1760.00 worth of TSCO shares. A cash total equivalent of £2,186.00Not a good deal I think when todays BOK price is 198.00 pence and your fictional holding is 1000. So worth £1,980.00, when you are going to give up all that capital growth and divs.When a vote comes vote out the board and reject the takeover.SM
Seeking money
14 Sep 2017
Q2 results Again another set of cracking results, why are we selling out to Tesco?Booker Group plcQuarter Two Trading Update For the 12 weeks to 8 September 2017Booker Group, the UK's leading food wholesaler, had another good quarter. Group sales rose by 1.1% on the same period last year with non tobacco sales up 5.8%. Both the Catering and Retail sides of Booker Group performed well.Likeforlike non tobacco sales grew by 6.0%. Tobacco sales continued to be adverselyimpacted by changes in tobacco legislation, down 9.4% likeforlike. The Group had a solid quarter for customer satisfaction and cash profit. We continue to make progress with Booker Direct, Chef Direct, Ritter and Booker India. Premier continues to grow and Budgens and Londis are performing well.Our balance sheet remains strong with a net cash position as at 8 September 2017 of approximately £165m due to favourable working capital movements.On 27 January 2017 we announced the planned merger with Tesco plc and we are currently going through the review process with the Competition and Markets Authority. As a result of the proposed merger, we are in an offer period as defined in the Takeover Code and will not be making forward looking statements for the duration of the offer period.Charles Wilson, Chief Executive, said:"Booker Group continues to make good progress with likeforlike non tobacco sales up 6.0%. Our plans to Focus, Drive and Broaden Booker Group are on track. The competition review of the planned merger with Tesco plc is progressing. We continue to help our retail, catering and small business customers prosper through improving our choice, prices and service."Booker Group will announce its interim results for the 24 weeks to 8 September 2017 on Thursday 12 October 2017. A presentation for analysts will be held at 08:30 on 12 October. For details call ChantelBaldry at Tulchan Communications on 020 7353 4200.SM
Seeking money
06 Jul 2017
Bad day for Booker... ....as the results of the AGM show little voting to get rid of the board. These are the guys who have created a great cash generation company. Who are now selling out loyal share holders with this Tesco deal, sad day indeed.With the level of dividends, a loyal share holder such as myself holding from the 40's, in a few years would have had a capital return via the dividend policy. Whilst still having the shares creating value and worth. Feel sold out by these guys.SM
