Pets At Home Share Discussion Threads

[joseph moran] 21/4/2015 20:59

might be delivering but the share price is going the wrong way

[crystball] 21/4/2015 14:06

Steady progress. I look forward to dividends.

[skinny] 21/4/2015 07:02

Delivering on expectations for the financial year 2015

Pets at Home Group Plc, the UK's leading specialist retailer of pet food, accessories and services, today announces a FY15 trading update for the 52 week period to 26th March 2015.

FY15 financial summary

· Like-for-like revenue growth of 4.2% driven by strength in Advanced Nutrition, Health & Hygiene, VIP Club, Services and Omni-channel
o Merchandise like-for-like revenue growth of 3.7%
o Services like-for-like revenue growth of 10.7%

· Total revenue growth of 9.6% to £729.1m
o Merchandise revenues up 8.3% to £666.1m, with Food outperforming Accessories
o Services revenues up 25.2% to £63.0m

· Fee income from Joint Venture veterinary practices up 30.7% to £28.2m

· Underlying EBITDA for FY15 expected to be in line with market consensus*

Operational summary

· Rollout during FY15
o 25 gross store openings, bringing the total portfolio to 400
o 61 vet practice openings, of which 32 were retrofits, bringing the total portfolio to 338
o 50 Groom Room openings, of which 26 were retrofits, bringing the total portfolio to 179

· VIP club
o Total members at year end of 3.2m, adding over 270,000 in the Q4 period
o Card swipe rate at store tills represented 65% of revenues in the Q4, compared with 61% during the Q3

Since the year end, we have made our entry into specialist referral veterinary care, acquiring Northwest Surgeons based in Cheshire. Northwest Surgeons will operate as a stand-alone brand and business within our practice network.

Nick Wood, Chief Executive Officer, commented:
"We are delighted to be delivering on expectations in our first year as a publicly listed company. We have seen strength across both merchandise and services, demonstrating the broad range of levers through which we will successfully deliver further profitable business growth."

[crystball] 20/4/2015 11:40

No interest here until results.

[wynmck] 16/4/2015 18:31

IC Tip tomorrow.

[skinny] 15/4/2015 07:07

Pets at Home Group Plc, the UK's leading specialist retailer of pet food, accessories, pet-related products and services, today announces the closing of a new financing agreement for a five year, £260m revolving credit facility. At current leverage, the facility carries a rate of LIBOR +1.5%.

The facility replaces the Group's existing £325m of drawn facilities, which at current leverage, carried a rate of LIBOR +1.9%.

The new facility is expected to reduce Group net financing expense on the income statement by approximately £2.7m per annum at current leverage. It is expected that the differential balance between the two facilities will be settled from the Group's existing cash resources. Capitalised fees associated with the previous facility will be reflected as an exceptional charge to the income statement of approximately £4.3m in FY16.

The banking syndicate for the new facility comprises 10 lenders.

Pets at Home will release its FY15 year end trading statement on 21st April 2015.

[pet lover] 04/4/2015 19:22

Shareholders are now in the money for the first time since the float. Glad I stayed away but they look like being on track now. My local store was doing fine today. 3 of the best performers going on charts CVSG PVG PETS. Consumers are out spending again and they like me the hound comes first. Or the other pets.

[skinny] 01/4/2015 15:50

A new high @255.80p.

[pet lover] 24/3/2015 14:48

Anything doing with vets is doing well. Pets At Home has a fair few.

[skinny] 20/3/2015 14:18

New high @255p.

[eaaxs06] 20/3/2015 13:53

A couple of brokers (Liberum Capital and Berenberg) have initiated coverage of the shares this week, both rated buys up to 275/290.

[lollipop3] 20/3/2015 12:02

Why the sudden surge in sp?

[skinny] 19/3/2015 06:52

Berenberg Buy 236.60 236.40 - 290.00 Initiates/Starts

[hibberts] 18/3/2015 08:45

Q4 trading update is 21 April 15 should be best Q of year.

[skinny] 18/3/2015 08:26

Liberum Capital Buy 240.90 237.60 - 275.00 Initiates/Starts

[lollipop3] 17/3/2015 11:24

Anybody now when the next set of figures are out?

[hutch_pod] 16/3/2015 12:44

Tipped by Simon McGarry of Canaccord in Moneyweek on Friday.

[skinny] 16/3/2015 12:11

241.70p - the highest since just after the float.

[lollipop3] 13/3/2015 14:29

Cmon baby get through £2.40

[pet lover] 13/3/2015 09:17

What a great run investors have had here and at the other listed vet company CVCG. I looked into buying here a while back but was put off with the IPO price that I thought was overvalued at the time.

Another vet company that does not have any shops and is valued at a few million has just come to the market through an RTO.It trades under the epic code of PVG. What I like about it is the fact that they have 15 vets but also a vet buying group plus they run pet health plans for other vets. These two parts of the company have very high gross margins.
If anyone poster has the time any chance you could take a look and make a judgement on its prospects please.

[lollipop3] 06/3/2015 16:25

Do we have breakout?