Nice. And nice to see it still edge up without the buybacks. Still 3 months till the next update but should be good and expecting another div hike. Don't need another share buyback if the share price is much higher than this. |
Berenberg reiterated BUY and moved target to 430p from 370p |
Maybe a bit of a short squeeze as well, two hedge funds continuing to reverse? |
On a down day |
And perhaps more importantly the market is responding well |
Very nice yes |
Nice update |
Good results from CVS today |
Because it helps make sure the C suite’s LTIPs vest by hitting the eps performance condition by shrinking the share count - simple as that |
More tax efficient |
Why do they have buy backs?Why not give the money to shareholders as dividends and then let them decide whether or not to buy the shares? |
Ok buybacks ending on or before 5th Mar so hopefully more forward progress till then. |
Nice 4% interim (for long term holders) div and a super recovery (so far). Might have to calculate how long the buybacks have to go. |
Terrible year share price wise. FTSE250 hammered but Pets suffering far worse. 2023 will be my last year in Pets come what may so how it's better than this one lol. |
This is doomed motely fool recommend it. |
Be interesting to see if Pets Corner starting in smaller premises and building up, ends up more sustainable than PETS massive stores.
Our local PETS store always seems to just have about 5 people in whenever I go. But there's acres of space. I'm a bit uneasy about that. If it incorporated a dispatch warehouse, that would make more sense.
Can't help thinking that pre covid and Ukraine, physical retail might have just about stabilised and got itself sorted out having taken the online hit. Now with the energy cost hike - not sure. I presume rents have been renegotiated a while ago. |
Pets Corner are expanding aggressively in my area. I have used a couple of
their stores (typically much smaller than PETS) but don't know much about the business. |
I'm sure they'll get the usual Christmas boost, but that's presumably already in the second-half weighting.
I'm not rushing in either, but in theory it should be resilient. I don't really know what proportion of spend is discretionary, as that's the bit that will be hit by consumer demand dropping. Vets is vets. Grooming is a bit discretionary. Food isn't and neither are all the other consumables. Online threat is a bit old news. |
I've put it on a watch list now.
The UK Novemeber consumer spending data has not helped |
130mln pretax will be about 26p earnings, so not that far off a p/e of 10 for the year. Certainly not overblown as it was at 500p, but depends a lot on forward statement I guess. This year has already had difficulties in costs, energy etc. so perhaps that's in the price to a large extent.
Doesn't look a confident chart though, given its an indication of what investors are doing. |
Statement looks reasonable. not holding atm. |
Two doom posters here who reverse at the drop of a hat.
Or rather, when the price has bottomed.
Nice way to profit by scaring pi’s. Bit similar to claims management parasites. |
I have to disagree, it's not a profit Warning.
They stated in 1st quarter full year profit expected to be circa 131 M, they confirmed that today. They are are not Warning profits will be below forecasts.
They also said today and in the 1st quarter they "expect" not "hope"
And yes their profit for the first half was down 9% but they stated as per plan.
They are on track despite making 9% lower profit than this time last year.
They are not Warning that the forecast profits for full year will be lower than stated.
Tell me if I'm being thick or misreading it? |
No mate I read the same update. It's a profit warning for sure in H1, but they HOPE that H2 will see an upturn to keep within the consensus. Hope is not a strategy. |
"We will never let price be a reason not to shop with us." - Do they mean they will be happy to let margins drop ? Was this the reason for the share to drop too ? |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
