Pets At Home Share Discussion Threads

[chiefbrody] 23/7/2019 16:33

Was going well today until the Americans woke up.

[yump] 23/7/2019 11:19

This is weirdly stable given the crazy outside world of Brexit etc.

I suppose I'll have to remember the old saying of 'leave 10% for someone else'.

[yump] 18/7/2019 12:18

After much indecision have taken some profits - its been a good run up from 120p. Not expensive or cheap at current level imo. P/e of about 15 on forecasts.

I just re-read my compulsory reading notes that I'd decided to stick to ages ago and often don't... if the market takes a dive, the quality of your stock is irrelevant. I always like to believe that my stocks are immune but they never are !

Probably buy same no. back when the Brexit dust settles and have seen next lot of results - it looks good for growth to me and afaik the forecasts are just stuck on around 13-14p at the moment. Plus if their strategy works, the growth won't just be a burst for one year.

[dplewis1] 17/7/2019 11:08

Actually just checked my account it was yesterday

[dplewis1] 17/7/2019 11:06

Divi payment day today..

[yump] 16/7/2019 10:54

Seems an RNSable event or perhaps its a v. small stake atm

[yump] 16/7/2019 10:35

Good spot. That market is expanding, but what's possibly more interesting is the cross-selling opportunities. "The Avon of the pet market" ;-)

Holiday boarding and sitting is a pain to sort out and some boarding operations don't really have much backup if a boarder goes sick.

Someone appears to have grasped PETS by the horns with a proper strategy.

They've been saying 'one stop shop' for a while but not much sign of it happening until recently.

[mrphil] 16/7/2019 09:06

Looks like another good move

[makinbuks] 15/7/2019 18:45

The percentage short has broadly halved from the peak while the share price has rallied from 120p to 200p. Which factor is driving the other? PETS is still the 17th most shorted stock. If that were to halve again what would be the impact on the price? My guess is close to nothing but interested in other views

[chiefbrody] 12/7/2019 19:10

Only got a small holding here so letting in run and run. Cant lose now (av 140p). Save for an ever weakening pound, i cant see Brexit having that much of an impact on PETS.Onwards and upwards.

[yump] 12/7/2019 18:01

There obviously is and will be a lot of uncertainty, which makes the resilience in the PETS share price quite curious. Perhaps it is just strong because its actual market is in no way related to what happens with politics, other than possibly having to stockpile some goods.

I'm sticking with it until something more volatile happens upwards or downwards, as bought a lot along the bottom, when sentiment was in the 'doomed' camp !

[crystball] 12/7/2019 17:52

I've taken 40% of my holding in PETS off the table and taken profits in addition to the forthcoming dividend which will be received. I think over the period leading up to the end of this year, that there will be a lot of uncertainty until things are clearer in the UK regarding a no-deal brexit or a no confidence in the government vote in parliament and subsequent general election.

[yump] 12/7/2019 17:37

Buyers at 200p be interesting on monday

[chiefbrody] 11/7/2019 17:06

Q1 update 2nd Aug.

[chiefbrody] 11/7/2019 17:06

Slowly but surely.

[dplewis1] 10/7/2019 18:39

Pretty solid performance from PETS. Must admit I sold some around 193p but it does appear to matching towards 200 with real intent. I guess it helps that Trump is on a mission to inflate equity markets as much as he possibly can!

[yump] 10/7/2019 14:02

Bit of a test going on ?

[balancedviews] 08/7/2019 10:42

Agree exactly. Its about taking a little time to assess how much of any change is rational and how much is emotional. yes there is consolation in reading whats being said, but it needs be interrogated.
For me the drop in BAT last year was mostly sentiment as is the drop in ITV.

[yump] 08/7/2019 10:31

Yes following funds and analysts other than just to get bits of useful information just seems to be a mugs game. I’m always surprised how oversold and overbought quite large stocks get and that’s funds at work not pi’s. How on earth easyjet can be at 1800p post Brexit vote and then drop to 900p in a year beats me. Nothing much in their business has really changed over that period.

[balancedviews] 08/7/2019 10:06

For what its worth i have always seen this as a 180-200 share. Ive crystallised most of my gains now at 170-180-190. I have retained some however as think there could be M&A activity.
I spent a long time thinking "something going on" but after years have now concluded its driven by fund managers taking positions they don't understand. Prefer to chart my own course these days.

[yump] 08/7/2019 09:57

Surely there is “something going on” here - on Friday there was a significant drop that was almost immediately reversed. I suppose it could just be that pets now has the potential to be a reliable dividend payer and possibly to grow as well - there’s not many of those around. Or perhaps despite the pet market being stable it’s taken a while for investors to have confidence in any retailer

[dplewis1] 05/7/2019 19:09

They must be very sure of themselves considering they increased it recently as well. I actually sold a couple of thousand shares of this yesterday just to make sure I booked profits from what has been a solid rally, but have kept a fair chunk. Private equity are swooping on British assets (e.g Merlin) and there's always a chance it gets a bid.

[spotdog40] 05/7/2019 14:59

Interesting that there's still 6% shorts in place, and Immersion Capital are responsible for half of that.

[yump] 02/7/2019 11:10

There is obviously stake building by Norges bank, but I wonder if its stake building with 'intent' in some way, only the rise here seems to have been incessant since January as if all sales are being mopped up before there's a chance for any correction.

[balancedviews] 02/7/2019 10:36

I’ve crystallised some my gains (composite was 116) but get a way bigger buzz from seeing the shorters losing. The do find it scary the both shorted it to 13 and it don’t all quickly drop off. Gives zero faith fund managers know what they are doing. My naivety! I’m a rank amateur up 25% ftse shares only in last 18 months