Pets At Home Share Discussion Threads

[gregpeck7] 22/1/2019 16:33

Very strong auction.

[s34icknote] 22/1/2019 16:14

Two 250k trades just gone through Sicknote

[s34icknote] 22/1/2019 15:53

Well 140 was easy maybe a close of 146p Sicknote

[crystball] 22/1/2019 15:29

I feel more reassured now about the strategy PETS have going forward. Although the growth in retail space by new openings has effectively stopped, the on site use of Vets and grooming rooms has plenty of room for growth. PETS are able to make a substantial investment in this aspect of the business and in the joint venture vets practices. It is a long term hold for me that pays a very good dividend to boot. Lots of upside potential here I believe.

[yump] 22/1/2019 15:27

gregpeck7

I think HFD is in the same area of 'not quite dead yet'. I suspect another dip before any stabilisation. I've already bought a bit higher up. Think the drop was overdone. Exactly the same rubbish talked about 'cheaper online' etc. etc.

[yump] 22/1/2019 15:24

Well the less said about the fancy coat my wife bought for our dog for Christmas, the better. Meanwhile I'm very grateful for my thick Christmas socks given the temperature ;-)

[gregpeck7] 22/1/2019 15:19

Yep, so glad I stumbled on this today, people spend a fortune on pets in this country. The model of see the vet, get the dog a treat, wash it, buy it a Santa hat... it's a money making machine... and last time I checked water didn't come down the phone line...

[yump] 22/1/2019 15:17

But surely we were told by everyone that the internet was going to destroy all physical shops ! People like catch-all, glib statements like that, which is an opportunity for looking for the instances where it doesn't apply. Although I didn't do so well with MTC - think there was just too much legacy there and slow to react management.

[gregpeck7] 22/1/2019 15:10

Looks like they are waking up to the rather large problem.

[s34icknote] 22/1/2019 14:59

And they need to buy back !Sicknote

[gregpeck7] 22/1/2019 14:50

Looked on euroclear , as of last month 60 million shares were out on loan. Some very big bets have gone very wrong here.

[s34icknote] 22/1/2019 14:26

Norges increasing holding Sicknote

[s34icknote] 22/1/2019 13:39

A close above 140p looks easy today 165p by end of week !Easy and safe money to be made IMO Dyor Sicknote

[balancedviews] 22/1/2019 10:32

I have regularly put into these guys over last 4 months as it hit peak of 14% shorted. My composite share price is 116.
Its not that Im good it, unfortunately, shows what a whole nonsense, harsh but maybe fair, the fund managing sector is. Its algorithm and sentiment based.
Read the numbers, read the strategy, look at history and consider future.
This has always had a good chance of working. That was always the bet. A pretty safe one with a solid dividend backing it up.
The back stop of being bought out remains against a mathematically undervalued share price for the vets business alone INMH
Brexit uncertainty will remain but, hopefully, some path forward found. INMH these shares should trade 180-200

[portugull] 22/1/2019 10:19

I live in Devon and everyone seems to have a dog! They all need feeding.

I think the shorters have got this wrong. This is a profitable business and always has been.

[gregpeck7] 22/1/2019 10:11

I think the analysts have failed to realise you can't take your pet to a vet online. You need to go to one. It's a master stroke putting them in the stores as it drives footfall. It looks to be a strategy that is paying off. Shortest have just shorted everything on the high street, there will be some winners and this looks like one.

[yump] 22/1/2019 09:51

Perhaps the pet market is as resilient as chocolate...

[gregpeck7] 22/1/2019 09:31

Agree, this looks to have been totally underestimated. Very good potential here now for a substantial rebound. Shorts will be bricking it and looking for an exit.

[s34icknote] 22/1/2019 08:42

Looks good value here Nice div tooI like the vets side idea.And market beating trading update in dire high street conditions .Has defensive qualities . People still look after their pets in a recession .Bought in this morning Sicknote

[pictureframe] 22/1/2019 08:18

a lot of short closing required

[nw99] 22/1/2019 08:17

Bottom is in

[pete160] 22/1/2019 08:14

Seems a good update and should allay fears on the sustainability of the dividend which, combined with shorts closing, should give support for a move back to 150-160p+ IMO.

It seems from reading the update that they know what they need to do and want to do in terms of restructuring and growth of the vets business but don't seem to be doing it quick enough. If they don't move quickly enough on this, someone else may well come in and force the pace a little quicker in terms of an active investor or takeover.

Pets has rarely been this cheap
Listed vets practices have rarely been this cheap
The combination is working

[harriiiiddda] 22/1/2019 07:53

Excellent update definitely value here and a strong dividend

[crystball] 22/1/2019 07:34

I can't see much wrong with this trading update apart from Brexit uncertainties.