Pets At Home Share Discussion Threads

[ghido5] 20/7/2017 14:25

Strong Balance sheet with low debt ratios,interesting growth prospects (both mkt and company), mkt leader, improved/ing online services experience... high customer satisfaction and brand new IBM developed app.

What else is needed?

[crystball] 19/7/2017 18:52

andyj, surely the several directors who have bought shares in their own company, know more than the shorting funds?

[maximus57] 19/7/2017 15:46

All IMHO of course

[maximus57] 19/7/2017 14:41

Good post andy, to me this is a totally different proposition to CLLN. I think a degree of patience is required and i believe trend will start to reverse. Recently overheard american tourist over here holidaying and his comment was" i think everybody over here has a dog". We certainly are a nation of animal lovers.

[mrphil] 19/7/2017 11:08

andyj, same here on CLLN where I managed to get out at around 136p but still a hefty loss. Can't see PETS having the same problems but it does make you nervous! They do seem to be making an effort to upgrade the stores and make them more pleasant to hopefully draw people in, but I take your point about prices. Having said that, I have noticed they have been doing a few "buy one get second half price" deals of late so maybe they are addressing that, but what effect on margins?

[andyj] 19/7/2017 10:02

Difficult to see people in the UK having declining numbers of pets, so their customer base should be at least stable, if not grow steadily and as mentioned above, they should be recession proof. The balance sheet is reasonable, the yield good, the PE low and a lot of the competition fears appear written into the price. I am very tempted, but two things deter me.1. As a pet owner, on a recent visit to the UK, I went eager to load up with goodies for my pets. I found their prices ridiculously expensive, in some cases (Dreamies) double those in the supermarket. My feeling was that they were trying to profit unduly from my love of pets (which obviously they are), but the key is not making the customer feel that. I also found the staff lacked knowledge of the products.2. They are heavily shorted. I also was burnt on CLLN and the worry persists that they ( the shorting funds) know more than is publicly available. I will keep watching...

[mrphil] 19/7/2017 08:39

This one is certainly frustrating, I'm currently down 27.3% after buying at the IPO then averaging down. Tempted to buy more but will it ever stop falling?

[maximus57] 13/7/2017 18:42

Shorttracker showing an open position of 8.79%. Get the feeling this could keep this low for a while. Quite a discount from initial offering.

[alibx11] 13/7/2017 09:03

Feel for you man, having CLLN, I put it on my monitor list a couple of months back out of curiousity to see how it went with the increasing shorts on it.

Never had any interest buying into it, had a bad feeling about it as where I am in N. Ireland companies that had Housing Executive maintainence contracts have never done well and the previous one here Red Sky indeed went bust.

Sad situation for all CLLN holders.

[wllmherk] 13/7/2017 07:36

I agree alibx, what I like about PETS is their balance sheet, I got pretty badly burned with CLLN but, their debt levels were spiraling out of control and continue to do so, also, completely different sector, this should prove fairly resilient if we have another recession.


wllm

[alibx11] 12/7/2017 23:56

Agree, but where the difference is, is that Pets is a lightly traded share compared to Mrw and it's easy to shift the price and ruin confidence in the share price even with no negative outlook or indications they have already knocked 1/3 of it's value off already.

Morrisons and Tescos were my bigist earners last year, when confidence in reatilers was at a low and shorters were loading up on them I bought heavily and had a good return for it, Pets again is a good company still expanding it's Vets for Pets franchise and adding more grooming services to it's stores which are both high income generating parts of the business, even if the retail part was to slow down, which I doubt, the other high income parts more then make up for it, so for me it's too cheap at these prices, and given it's results latley no reason for the share price to be so cheap.

Although I thought it was too cheap when I bought in at 171 avg, so what do I know.

As I said...easily manipulated on negative volume which is totally unrelated to business model and outlook.

All IMHO of course. Looking forward to the divi payment on Friday.

[staylow2] 12/7/2017 20:14

Yep, not arguing with that.Still makes going long on a heavily shorted share a little more risky. Those funds don't just a borrow a few million shares for a whim

[alibx11] 12/7/2017 18:39

HAve a look at the shorting chart of morrisons against it's share price graph.... CllN totally different issue,

Pets still increasing profits, and expanding, not drowning in debt and suffering from reduced conrtacts and margins.

[staylow2] 12/7/2017 17:22

Potentially. Today's move closed strongly outside of the recent range. Will be interesting to see if it closes back in tomorrow. Also, maybe to do with CLLN collapse and the fact that they were heavily shorted and now proved right. PETS has a 10% short position, which could be proved wrong or right, but my guess is positions will be further considered when going against huge short positions.

[yump] 06/7/2017 19:27

Its a strange looking chart, that's for sure.

[staylow2] 06/7/2017 19:09

Those sells could be buys, who knows. Depends when the order was placed and the size of the order. It will be interesting to see if it say out side of 164. Seems to be the top end of the value area and an ascending triangle.

[maximus57] 06/7/2017 18:23

Some big sales coming through here. Any comments from those that have been here for a while?

[lendmeafiver] 23/6/2017 15:41

Maybe those shorts will start to reverse also!

[justiceforthemany] 23/6/2017 13:22

Director Deals - Pets At Home Group Plc (PETS) 23 June 2017 | 12:15pm

StockMarketWire.com - Ian Kellett, Chief Executive Officer, bought 175,000 shares in the company on the 22nd June 2017 at a price of 159.09p. The Director now holds 4,222,056 shares.


Story provided by StockMarketWire.com Director deals data provided by www.directorsholdings.com

[lendmeafiver] 22/6/2017 20:59

Shorts dipped slightly today also:

hxxp://shorttracker.co.uk/company/GB00BJ62K685/all

This has been oversold, but I'm pleased to have got in here at such a discount to the IPO.

The Vet and grooming in store offering really will pay off here and will be resilient to the likes of Amazon discounting.

[yump] 22/6/2017 17:14

I wonder if any analysts have issued a note saying BOO is wildly overvalued and a target price 30% down.

Probably not, that would look stupid in the face of the share price rises.

Analysts Training Course:

Priority No. 1: Don't look stupid by being contrarian.
Priority No. 2: Don't look stupid by saying something that looks odd in the face of the current share price trend.
Priority No. 3: Remember that science is not your friend.

[lendmeafiver] 22/6/2017 16:25

Looking a bit stronger here today

[staylow2] 21/6/2017 17:39

Just when you there was no one left to sell. It seems the shorters aren't letting this one run anywhere any time soon. Huge numbers to the offer side (whether they are real or not, is another thing)

[lendmeafiver] 20/6/2017 22:34

I purchased a few of these today, purely, believe it or not, triggered by the fact we have a new pets at home opening near to where I live and the wife was telling me she is moving vets to pets at home so thought I would check it out, now I also know that as she is moving vets to one in a retail unit means undoubtedly she will be spending a small fortune on other pets stuff as she strolls through the store.

I used to be a landlord to CVS Group so tracked how well that all worked out over the years so think the strategy here is spot on. Being an accountant I checked out the PETS numbers out this morning, read the annual report and thought all looks good.

Here for a while I expect.