Pets At Home Share Discussion Threads

[milliecusto] 26/5/2022 13:46

Back over 400p soon

[milliecusto] 26/5/2022 07:39

She's ready to pop, volume building nicely

[spyder] 26/5/2022 06:40

Lyssa McGowan (CEO designate) bought £100k worth of shares yesterday, what a fantastic vote of confidence and a brilliant way to start. Good for her!

[dancing piranha] 25/5/2022 16:12

It amazes me how this company ever fell to anywhere near £3, let alone below it for a while... ridiculous!

[don carter] 25/5/2022 16:10

Good results, well-managed company and people love their PETS.

[chiefbrody] 25/5/2022 14:03

These went from sub 300p to 500p in the space of a year in 2020.Granted it was a mad year but on todays numbers, theres a fair chance it could happen again (subject to the markets not crashing/recovering - FTSE250 has tanked 17% in several months).Plenty of 4-500p forecasts out there which should hopefully be reiterated soon.

[pottsypotts] 25/5/2022 13:34

Have traded these a few times and bought back in yesterday, think you are right we may see some brokers notes upping forecast which should hopefully help see a steady rise

[cirlbunting1] 25/5/2022 09:06

You would rather have it held in treasury… 2 main reasons.

1) Funding for future investments (acquisitions) or reduce dilution via LTIPs
2) Balance equity so net asset value is not impacted

As an investor, when a stock is down quite significantly, I would rather a company buy back shares than issue dividends. For me it’s 3 main reasons.

1) I don’t want to be double taxed (I get this will vary depending on the investors age).

2) Buyback at the bottom as opposed to the top > shows great capital allocation esp if stock compensations are not linked to buybacks (i.e., EPS figs, P/Es etc).

3) Boosts return on cap ratios (ROIC, ROE, ROA etc.)

What you don’t want to see is insider selling when buybacks do happen. That would be a major red flag.

Anyways, that’s just a summary.

[mr hangman] 25/5/2022 08:06

Exactly the buyback shares are always held in treasury, to be distributed to the few at a later date, in my a view a corrupt use of shareholders money, I have not held a stock yet, where they have done anything for the share price

[babbler] 25/5/2022 08:04

lol 300 first.

[mr hangman] 25/5/2022 08:01

One would imagine this mornings results would of come as a surprise to a few Analysts, should be revising their notes upwards, we will see later

[chiefbrody] 25/5/2022 08:00

Buybacks. Hit and miss. If it helps the share price back up to 500p again, great. Shares will be held in treasury. Why not just cancelled...Div increase is massive. Now yielding 10% for those that got in back in early 2019.....Currently a bargain. PE low teens. If it wasn't for the massive sell off in the FTSE 250, we'd be way above 400p.

[kennewil] 25/5/2022 07:55

Which big round number, 400?

[babbler] 25/5/2022 07:27

Just got to get past the big round number...

[r9505571] 25/5/2022 07:24

Pets at Home pre-tax profits come in at £144.7m in year to 31 March, beating forecasts of £141m

[mr hangman] 25/5/2022 07:23

Totally agree, most pet owners love their pets, and will go without, just so Rover or Tiddles are happy

[roguetraderuk] 25/5/2022 07:10

mkt wasnt a believer, preferring to sell all retail and ask questions later. then you get the divergence on the updates. as they said, while not immune to the environment they trade it, they should manage it better than bog standard clothing retailer/etailer.

[cirlbunting1] 25/5/2022 06:59

Hangman, buybucks will likely lure in potential investors who stock screen. At these lvls, it makes more sense to me personally.

[mr hangman] 25/5/2022 06:50

50m in share buy backs, why not pay a special dividend, these buybacks always seem a waste of shareholders money to me

[saurish] 25/5/2022 06:31

FY results RNS not showing up on any of the sites but published and available on PETS investor website.

[spyder] 25/5/2022 06:30

Sensation results, exceeding best expectations. £50m share buyback. >4%dividend yield!

[pottsypotts] 24/5/2022 13:40

Thanks for that

[cirlbunting1] 24/5/2022 01:34

Bull & Bear case on PETS.

Have a read, wonder around the excel spreadsheet & play about with the numbers. Admin for the past 7 years done.

[don carter] 17/5/2022 14:00

The majority will stick by their PETS.

[skinny] 16/5/2022 13:58

RBC Capital Markets Sector perform 282.60p 0.00p 370.00p Reiteration