Pets At Home Share Discussion Threads

[adeg] 24/11/2020 17:52

Hzel,
yes I did but I also saw this.

"At this stage, absent any escalation of restrictions, or other significant disruption to our operations, we now anticipate full-year underlying pre-tax profit to be in line with the prior year1, with the estimated financial impact of the pandemic not fully offset by this year's business rates relief."

Which states that they will be inline with last years number for the full year. So despite the extra sales their profit will be the same as last year.

[chiefbrody] 24/11/2020 15:28

Prior to the close even

[hazl] 24/11/2020 14:15

Sure but did you see this adeg?

I think this is why it's improving today at last.
Shares are about the future.

'Underlying pre-tax profit declined 5.1% in the period, however grew 43.7% in Q2. '

[chiefbrody] 24/11/2020 13:55

How much (increased costs) is Covid related vs not.Not a bad recovery since the fall/shake.

[adeg] 24/11/2020 13:10

While sales are up profits are flat. Their central overheads have gone up 50% and their margins are down, wiping out the uplift from the additional sales.

There needs to be a serious look at their cost base so they can convert the increased sales into increased profit, cash and eventually an increase in the dividend.

[hotchillideals] 24/11/2020 09:58

Surprised to see this go down this morning, great time to top up. Lots of growth from the vets side of the business to come

[chiefbrody] 24/11/2020 08:22

Buy on rumour sell on fact.Not that surprising the mark down, given the meteoric rise of late.

[hazl] 24/11/2020 07:48

'Underlying pre-tax profit was GBP39.6m(#) (H1 FY20: GBP41.7m) and statutory pre-tax profit, including all non-underlying items, increased to GBP38.9m (H1 FY20: GBP34.0m). Underlying pre-tax profit declined 5.1% in the period, however grew 43.7% in Q2. '

[chiefbrody] 24/11/2020 07:12

At this stage, absent any escalation of restrictions, or other significant disruption to our operations, we now anticipate full-year underlying pre-tax profit to be in line with the prior year(1) , with the estimated financial impact of the pandemic not fully offset by this year's business rates relief. We will update further on trading during our third quarter towards the end of January 2021.

[hazl] 23/11/2020 20:00

I think that is an UT uncrossing trade.

[chiefbrody] 23/11/2020 18:24

Looks like someone purchased 477K shares at 418p so they must be fairly confident!

[hazl] 23/11/2020 16:30

Pleased for you chiefbrody.

Looks a whole lot better prospect since when I last looked.
Fundamentals up and results anticipated to be even better.

IMO

[hazl] 23/11/2020 16:28

Decided to get some today.

Hope the timing is good!

[chiefbrody] 20/11/2020 10:49

Results Tuesday. New highs coming...

[chiefbrody] 05/11/2020 11:17

Wow. Have Burried my portfolio away for a few years due the the collapse in the markets. I had these down for £2 a share 6 months back. Just checked in now lol. Pleasant surprise.

[mr hangman] 29/9/2020 11:15

I would imagine a couple of factors are coming into play here,The 2 American Hedge funds that are short, are winding their positions in, the games up, and fund managers are actually waking up to the fact, PETS could make a lot of moneyJust go to your local retail park' and see which is the busiest store.

[skinny] 29/9/2020 11:04

There's £4!

[lasata] 24/9/2020 13:37

That chart suggests a £5 target eventually

[glavey] 24/9/2020 13:12

This should be on a p/e of 40, 25 is just not enough for pet supplies.

[skinny] 24/9/2020 12:47

Finally escaped the 325ish area.

[lasata] 24/9/2020 12:29

We all love our pets!

“It would appear that pets, especially dogs, have been an important comfort and component of the U.K.’s mental and physical health during the pandemic,” Shore Capital analysts including Greg Lawless wrote in a note, upgrading the stock to buy from hold. “The shares have further to rise.”

[lasata] 24/9/2020 11:12

Pets at Home Group PLC (LON:PETS) said its full-year underlying pre-tax profit is estimated to be ahead of the current market expectation for £73mln.

The pet care business, which could only sell a limited amount of products during the coronavirus (COVID-19) pandemic lockdown, said the momentum seen after all its operations restarted in the summer has continued through the past months

In the eight weeks to September 10, 2020, the company said it delivered “double-digit like-for-like growth in customer sales”.



Shore Capital moved the stock to 'buy' from 'hold' arguing with the earnings momentum and the self help levers available to the company that the shares have further to rise.

Analysts at Peel Hunt raised the target price to 350p from 300p and upgraded full-year profit expectations to £85mln from £77mln

[lasata] 24/9/2020 10:31

PETS will be busy...everyone at home looking after their pets