Pets At Home Share Discussion Threads

[john09] 22/5/2018 17:47

Webcast is available to watch on the website

[hatfullofsky] 22/5/2018 17:23

Ian, I agree that this has been driven down, just look at the late trades :

Num Price Size Type Bid Offer Time Buy Sell
5688 145.55 6218 O 139.1 140 17:10:35 6,218
5687 147.361 1600 O 139.1 140 17:08:29 1,600
5686 151.883 41708 O 139.1 140 16:59:06 41,708
5685 151.883 29058 O 139.1 140 16:58:54 29,058
5684 146.496 11459 O 139.1 140 16:58:33 11,459
5683 146.496 7984 O 139.1 140 16:58:23 7,984
5682 145.722 63812 O 139.1 140 16:58:02 63,812
5681 145.722 40124 O 139.1 140 16:57:30 40,124
5680 146.283 88623 O 139.1 140 16:57:03 88,623
5679 146.283 61746 O 139.1 140 16:56:42 61,746
5678 143.602 127712 O 139.1 140 16:53:18 127,712
5677 146.887 46100 O 139.1 140 16:53:10 46,100
5676 147.439 1800 O 139.1 140 16:53:09 1,800
5675 147.187 400 O 139.1 140 16:53:09 400
5674 145.079 126914 O 139.1 140 16:52:28 126,914
5673 160.05 1632 O 139.1 140 16:47:29 1,632
5672 160.05 100 O 139.1 140 16:47:29 100
5671 145.661 81291 O 139.1 140 16:47:28 81,291
5670 145.661 4984 O 139.1 140 16:47:28 4,984
5669 146.644 45548 O 139.1 140 16:36:31 45,548
5668 137.4 5500 O 139.1 140 16:35:34 5,500
5667 137.4 2500 O 139.1 140 16:35:25 2,500
5666 137.4 10000 O 139.1 140 16:35:25 10,000
5665 137.4 5000 O 139.1 140 16:35:16 5,000
5664 137.4 25000 O 139.1 140 16:35:12 25,000
5663 137.4 14595 O 139.1 140 16:35:06 14,595
5662 137.4 947475 UT 139.1 140 16:35:04 947,475

[ianian4] 22/5/2018 17:01

The results were no worse than predicted. This has took a battering today. Down 7% in the last hour or so. The only thing I suggest is that the price has been driven down so that the shorters can steadily buy back prior to dividend date. This will be back at 1.50 before long.
The bad omen was the rise prior to results day. If a share rises prior,it will fall on the day, and vice versa. I have seen this so often that it can only be doctoring of the share price by insiders.

[hatfullofsky] 22/5/2018 16:33

I didn't think the results were that bad, a lot was already priced in. We are now trading at x9 PBT to MCAP.

I am expecting a bounce in the coming weeks.

[chutes01] 22/5/2018 16:04

trainwreck

[oakville] 22/5/2018 16:00

Heading under a quid?

[yump] 22/5/2018 15:05

Wouldn't expect op costs to drop until they've got through the full process of sorting out the online channel.

[walbrock82] 22/5/2018 13:30

Pets at Home saw a decline in pre-tax profit of 16.6%, but their margin decline from three years ago is over 35%.
Management plans to slow growth of stores are welcomed, but there isn’t any implement on improving internal operational costs. For more on Pets at Home analysis,

[yump] 22/5/2018 11:28

Yes - that's their competitive advantage and hopefully they'll use that to good effect. Every other retailer I can think of doesn't have anything to really pull people into stores, except using sales and discounts. Clothes retailers don't have a repeat supply of cuddly celebrities every week to go and see, but PETS has lots of cuddly pets.

I know quite a few dog owners who shop at the same place, whether at PETS or not, for the same food repetitively, because that is the food they've decided is right, or their pet likes it best or whatever. If PETS can continue to stock relatively exclusive ranges that are liked, that's a lot more stable than just generally selling petfood.

People do get set in their ways. If that weren't the case KFC wouldn't sell much.

[john09] 22/5/2018 10:26

I think it’s niche is a national pet shop. The only one

[spotdog40] 22/5/2018 09:19

Needs to find it's niche.
Does it want to be a Zooplus clone, selling loads of food online, for virtually no profit?
Can it survive as a high street retailer in a difficult time for the sector?
Does it want to be a veterinary business?
Defending their business share by cutting margins and going multichannel,has damaged retail profit margins.
I'd concentrate on the vet business, and use that to get customers in store. Hold prices high on branded food, and wean customers onto higher margin own brand product.
Don't worry about losing business to online competitors. They'll soon have to put their prices up soon to justify their fancy valuations.
Holding the dividend so as not to upset the market, won't hold the share price up. Investors want to know where tomorrows profits are coming from.
Scaling back the veterinary surgery openings, and increasing loans to the surgeries rings alarm bells. I saw that as the future.

[yump] 22/5/2018 08:52

Well if buying for growth its a patient wait, but its a divi share imo, that's why I've got it.

[alibx11] 22/5/2018 08:06

Cheers dplewis1, saved that one.

That's the first time results haven't come up with ADVFN for me...

[dplewis1] 22/5/2018 07:59

I check investegate for all RNSs every day, find it more reliable than adv

[portugull] 22/5/2018 07:56

Hargreaves Lansdown under News for PETS.

[alibx11] 22/5/2018 07:53

Where's the results? Can't find them anywhere.

[john09] 22/5/2018 07:41

Look good to me too

[dplewis1] 22/5/2018 07:07

They look decent at first glance. Good revenue growth and all pointing in the right direction. Shame there are still so many shares out to borrow..maybe time for the shorters to close out

[john09] 21/5/2018 18:00

This is the highest close in a month (even though it’s low!) so let’s see what tomorrow brings

[yump] 21/5/2018 16:19

I think this all depends on what general rating the market thinks is appropriate, for a business that should be fairly stable, produces a decent dividend, but isn't currently growing above 10%, if that.

Stability used to keep Cadbury on a rich p/e ratio, but then chocolate sales actually pick up a bit in a downturn.

The pet market is resilient overall, but PETS place in it has been changing.

[john09] 21/5/2018 15:59

Numis forecasts EPS of 13.7p

[john09] 21/5/2018 15:04

Subscribers only. What does it say?

[john09] 21/5/2018 14:50

And a Reminder on Last Years EOY results

- Group revenue up just 1.5%
- Merchandise revenue up just 0.8%
- Services up 7.9%