Pets At Home Share Discussion Threads

[hazl] 01/12/2020 08:19

They seem to know what they're doing so far.

[hazl] 01/12/2020 08:18

Thanks skinny.

More cash in the bank!

They must have made a strategic decision that their acquisition announced this week was a more valuable asset.

[skinny] 01/12/2020 07:06

.

Pets at Home Group Plc, the UK's leading pet care business, is pleased to announce the disposal of its five Specialist referral practices (the "Specialist Group") to Linnaeus Group for cash consideration of up to GBP100m.

Pets at Home's strategy as the UK's leading pet care business is unchanged, with this disposal being part of the continuing focus of Group resources on customer-facing activities across our omnichannel retailing and First Opinion veterinary operations.

more.....

[hazl] 30/11/2020 09:56

Very good

spread.

[hazl] 30/11/2020 09:51

The reason its good is that ready cash that they have has paid for improving the business.
They haven't had to raise cash or get a loan.

Win win .

IMO

[hazl] 30/11/2020 09:48

I shouldn't broadcast that MR h. 8-)

[mr hangman] 30/11/2020 09:43

I'm sorry I can't get excited

[hazl] 30/11/2020 09:09

Peter Pritchard, Group Chief Executive Officer, commented:

"The acquisition of TVC marks an important next step in the development of our digital capabilities providing trusted advice and even more convenient pet care services. We have followed their business for a number of years and know Jamie Moodie, Nick Irvine, Rob Mitchell and the TVC team well, and look forward to working with their current partners and supporting the continued development of their service.

We recognise TVC's exceptional telehealth capabilities and excellent service levels, as well as the opportunities arising from the scalability of their clinical protocols and proprietary telehealth platform, and look forward to incorporating their capabilities into our existing customer offer - across product, services and subscriptions - to enhance the overall customer experience, and help drive customer acquisition, retention and lifetime value.

TVC is a "win-win" solution for our customers, colleagues and JVPs, providing 24/7 access to trusted advice from the comfort of home with increased flexibility around veterinary work-life balance."

- End of announcement -

[hazl] 30/11/2020 09:07

'TVC is a "win-win" solution for our customers, colleagues and JVPs, providing 24/7 access to trusted advice from the comfort of home with increased flexibility around veterinary work-life balance."

-

And our shareholders I think!

[hazl] 30/11/2020 08:09

Out of existing reserves as well.

[hazl] 28/11/2020 12:02

Start of the next leg up?

[chiefbrody] 27/11/2020 19:23

Or Vice Versa. Possibly room for both. Vet fees are astronomical these days. Defo room for someone to gain market share if they don't charge an arm and a leg for stitching up an arm or a leg.

[hazl] 27/11/2020 14:33

FT

Here talking about pet ownership.

'The answer appears obvious. Homeworking has given time-poor commuters the opportunity of pet ownership. Google Trends data picked up a doubling of UK searches for “vets near me” in the five months after the March lockdown as new owners looked to vaccinate and neuter their new companion.

Pets being for life, the trend is likely to withstand recession. Like-for-like sales at CVS, the UK listed vet owner, hardly budged throughout the downturn of 2007 to 2011. Its shares have surged more than six-fold from March lows on expectations of a repeat performance.'

[mr hangman] 27/11/2020 11:39

Have a look at the trading statement from CVSG from a couple of days ago, as PETS are a one stop shop, it's only a matter of time before we start taking their business

[hazl] 27/11/2020 08:28

Real pull between the bulls and the bears at the moment!

[hazl] 25/11/2020 16:23

They also have a strong twitter presence.

[hazl] 25/11/2020 16:20

I dont seethat changing much after the vaccines become available.
Pets become part of the household and people will still need their supplies and their pet plans.


IMO

[hazl] 25/11/2020 16:17

Of course near term trading has produced uncertainties for nearly every firm out there.
here we have an upbeat article on pets and the benefits



'Mr Pritchard told the BBC's Today programme: "The pet care market has been incredibly strong throughout and I think that tells you an awful lot about people's relationships with their pets and the roles that pets play in people's lives.'

'He added that the change in more people working from home had allowed them to get a dog or a cat. "More people have considered having a pet because their lives have changed and they are at home more often," he said. '

[hazl] 25/11/2020 16:12

If you look at the above you will see a quote where
Mr Pritchard stated that investors had started to realise what a good company Pets at home is.
He said that there is more to go for the company.

[hazl] 25/11/2020 09:57

I repeat.

The ongoing costs of food and maintenance will support us in future is my belief.

[chiefbrody] 25/11/2020 09:36

Bit harsh. Though i agree about the discount to NHS workers.Many, many, hundreds of thousands of them earn a lot more than Joe average.

[adeg] 25/11/2020 09:20

So the only cost in that list that should be attributed to covid is the £1.8 million of PPE.

Pet welfare is an ongoing cost of the business and is spent in or out of covid.

Bonus to staff is salary, not covid related.

Hardship fund for staff is a provision and not spent until distributed, how many have actually accessed this? Even then is just extra salary cost.

Charitable giving. Why should a company give my money away to a charity? If I want to give to charities I will do, that is not the role of the company. Not covid related.

10% discount to NHS workers, these are people who have been paid fully for the whole period getting a discount, why not people on furlough who have less money. This is a marketing expense not a covid cost.

An extra £6.2 million of cost that, in my opinion, is unnecessary expenditure not spent because it was required to combat the virus, be but because the directors chose to do so at the expense of the shareholders profits.

[hazl] 25/11/2020 08:58

adeg

Indeed .
Personally I think they have done well compared to a lot of companies,in a difficult time for people.
I think the fact that many people did not wish to be alone during self-isolation and apparently the purchase of a dog took off, and has likely saved us.
The ongoing costs of food and maintenance will support us in future is my belief.

[chiefbrody] 24/11/2020 18:02

Since the start of the pandemic, we have also incurred approximately GBP8.0m in one-off costs relating to COVID-19, including GBP1.8m on personal protective equipment, cleaning and sanitisation and GBP1.1m on pet welfare. We paid a one-off bonus of GBP1.9m to frontline colleagues, in addition to our normal annual bonus, and created a GBP1.0m Colleague Hardship Fund for colleagues, our vet Partners and their teams should their families experience financial difficulties. We also allocated GBP1.1m to specific charities, many of which have seen their fundraising diminish during the pandemic, including GBP100,000 to the Retail Trust in support of workers across the wider retail sector, and implemented a 10% discount scheme to NHS workers.In addition, there remain ongoing operational costs relating to the pandemic of approximately GBP0.15m per week across both our stores and distribution centres, and social distancing measures continue to place capacity constraints on our grooming salons.