Pets At Home Share Discussion Threads

[robertball] 22/5/2023 09:41

Results soon

[chiefbrody] 27/2/2023 22:13

Any chance of posting that article (behind a paywall)

[robertball] 27/2/2023 21:09

Why is a Spanish pharma. Co. Taking a 3% stake?

[chiefbrody] 15/2/2023 18:49

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.

[ddubzy] 15/2/2023 14:59

Berenberg reiterated BUY and moved target to 430p from 370p

[edmondj] 31/1/2023 08:26

Maybe a bit of a short squeeze as well, two hedge funds continuing to reverse?

[robertball] 31/1/2023 08:19

On a down day

[gswredland] 31/1/2023 08:13

And perhaps more importantly the market is responding well

[babbler] 31/1/2023 08:06

Very nice yes

[kennewil] 31/1/2023 08:03

Nice update

[robertball] 26/1/2023 08:48

Good results from CVS today

[jonnywalker77] 16/1/2023 14:59

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

[kennewil] 16/1/2023 14:07

More tax efficient

[robertball] 12/1/2023 19:07

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?

[chiefbrody] 12/1/2023 13:59

Ok buybacks ending on or before 5th Mar so hopefully more forward progress till then.

[chiefbrody] 12/1/2023 13:57

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.

[chiefbrody] 31/12/2022 13:06

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.

[peteret] 07/12/2022 12:16

This is doomed motely fool recommend it.

[yump] 28/11/2022 21:23

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.

[essentialinvestor] 28/11/2022 17:13

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.

[yump] 28/11/2022 16:54

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.

[essentialinvestor] 28/11/2022 16:39

I've put it on a watch list now.

The UK Novemeber consumer spending data has not helped

[yump] 28/11/2022 16:36

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.

[essentialinvestor] 24/11/2022 11:37

Statement looks reasonable. not holding atm.