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PETS Pets At Home Group Plc

222.40
0.60 (0.27%)
29 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pets At Home Group Plc LSE:PETS London Ordinary Share GB00BJ62K685 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.60 0.27% 222.40 1,897,929 16:35:29
Bid Price Offer Price High Price Low Price Open Price
222.80 223.20 229.60 221.60 221.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Retail Stores, Nec 1.48B 79.2M 0.1724 12.94 1.02B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:29 UT 399,421 222.40 GBX

Pets At Home (PETS) Latest News

Pets At Home (PETS) Discussions and Chat

Pets At Home Forums and Chat

Date Time Title Posts
28/1/202516:56Pets at Home -woof woof or purring?2,788

Add a New Thread

Pets At Home (PETS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:35:29222.40399,421888,312.30UT
16:29:52223.00208463.84O
16:29:34223.00122272.06AT
16:29:34223.00177394.71AT
16:29:34223.201,0002,232.00AT

Pets At Home (PETS) Top Chat Posts

Top Posts
Posted at 28/1/2025 12:14 by crystball1
I was thinking of buying more PETS shares, but didn't think the trading update was good. So I have kept my powder dry. I am pleased to see the strong rise in share price today.
Posted at 28/1/2025 11:46 by sphere25
Definitely getting moves exacerbated by shorts.

So many spikes on medicore updates or slight beats. With the market pricing in such gloom, with shares so beaten up, and then these shorts expecting a profit warning, the market gets blindsided and the bounces are vicious.

Shorts here at PETS, HFD, Wace is net short just under 0.5% in WIX so these big moves continue. There was one with RCH as well recently - that beat was apparently down to cost cutting too, not top line growth that the market would really get interested in. WJG another with plenty of issues, but the market is going for it. If you beat like ZTF and LUCE, you can get a delayed form of spike as well when forced sellers clear.

Have to correct this.

Keyed in the wrong ticker for SFOR.

There are shorts in SFOR, as well, so even with a very cautious outlook statement, just mentioning some form of improvements with debt can cause them scampering to cover some risk in the near term and the market getting a tad excitable

Trading opportunities galore.

Just hard to catch em when they gap up.

But that is the dynamic out there.

How long do the spikes last?

It will boil down to who keeps performing and the path of rate cuts.

That is the market right now.

All imo
DYOR
Posted at 28/1/2025 07:12 by back2basics1
Solid Update Today, Short Squeeze & Broker Upgrades Likely In Play!

Thank you PETS Team, Solid Update Here Today for this now clearly very much Oversold & Undervalued Company, Short Squeeze and more Broker Upgrades Now In Play!

Undoubtedly few more broker upgrades will be on the way for us with higher PT, clearly so much upside potential ahead for the generally high potential UK (and global) pets business/market!
Posted at 27/1/2025 15:54 by techno20
Been topping up over the last couple of weeks. The pressure that the CMA are coming under won’t do Pets any harm IMV. A big proportion of the share price drop is a result of the CMA investigation. Any indication that this will be less intrusive than expected will help drive us back towards £3.
Posted at 27/1/2025 15:24 by back2basics1
Some large buys today! I guess Neuberger Berman Group buying +5% here within days is testimony enough to buy PETS, now even a whiff of positives tomorrow should help the ailing share price fly north big time, and undoubtedly helped by an inevitable short squeeze!
Posted at 06/1/2025 16:15 by scepticalinvestor
Geezer, you really need to share your blue pills with PETS. Like you PETS, is just unable to stay up LOL
Posted at 20/12/2024 09:56 by monkeybusiness1
PETS share price is clearly way oversold on every metric and hence, I recently invested in here, not at all bothered on daily/weekly share price fluctuations, especially at this unusually undervalued market cap which provides a unique opportunity that I’m sure will payoff very nicely going forward (along with pretty decent dividends in the meantime), and of course the inevitable short squeeze will also be an additional bonus/positive catalyst as always, all IMHO, please DYOR.
Posted at 19/12/2024 10:09 by grabster
I have banked three quarters of my short gains. Leaving a downbet in place but much smaller. I too am surprised that the share price has fallen quite so far. This and Dianomi (DNM) pulled in some excellent gains lately. Ditto Iomart (IOM)
Posted at 27/11/2024 11:44 by nick rubens
fuji99 Yes absolutely spot on, I am convinced they are purposely wanting to harm us. The elderly were the first targets having their winter fuel allowance suddenly terminated, with no regard for those poor elderly pensioners caught out in the brutal cut off point.
That should send a chill in everyone as no one will be safe from these clowns and the food production is now under attack.
PET share price falling and though painful for shareholders is nothing compared to the wider reality of whats coming.
Posted at 12/5/2020 11:31 by pstick
Seems like it is being targeted by a short seller. Although for some reason, I can't find the full report on their website. It would be interesting to see the full analysis. They may be onto something, lots of hedge funds have shorted this stock in the recent years.

Bonitas is Short Pets At Home (London: PETS)

UK Companies House filings revealed that Pets At Home Group Plc (London: PETS) lied about GBP 34 million of undisclosed trading loans hidden from its balance sheet used to support circular payments from PETS Vet Group Joint Ventures (“PETS JVs”) which we believe artificially inflated PETS reported profits.

Including undisclosed trading balances, PETS’ actual funding, trading and operating (“FTO”) loan balances owed by PETS JVs were GBP 74 million and GBP 64 million as of FYE’18 and FYE’19, 87% and 51% greater than what PETS reported in its FY’19 Annual Report. Without these loans, PETS JVs would not have been able to pay PETS service fees and rents.

The circular payment scheme had a significant impact on PETS’ purported profitability. PETS recognized 50%+ operating margins on PETS JV service fees versus 8% for its retail segment. While accounting for only 6% of PETS revenues, PETS JV service fees accounted for 31% of PETS’ operating profits.

We reviewed over 1,800 annual reports for 432 individual PETS JVs between FY’15 and FY’19 available for free online via UK Companies House filings. Most PETS JVs were loss-making and drowning in liabilities. In FY’18, while PETS generated GBP 27 million operating profits from PETS JV service fees, PETS JVs generated aggregate losses of GBP 14 million. PETS JVs revealed aggregate liabilities of GBP 170 million as of FYE’19.

Recently PETS actively restructured some PETS JVs via step-up acquisitions and in each instance PETS assumed all PETS JV liabilities. PETS’ restructuring efforts have already cost GBP 40+ million in write-offs and expenses from 55 PETS JV step-up acquisitions as of FYE’19. As PETS JVs sink deeper into debt, we anticipate that PETS will be forced to bail out and write off additional PETS JVs.

Below are additional highlights from our review of operating PETS JV annual reports:

• 253 (61%) generated aggregate losses of GBP 27 million in FY’18.
• 108 (26%) had adminstrative expenses that exceeded revenues in FY’18.
• 283 (69%) were balance sheet insolvent with aggregate net liabilities of GBP 100 million as of FYE’19.
• 60 (15%) had net liabilities that exceeded GBP 500,000 as of FYE’19 (not including 19 additional PETS JVs that were bought back and written off by PETS in FY’19).

PETS charged PETS JVs service fees and rents only afforded with concurrent financial support. If PETS cannot continue to provide such a significant level of financial support to PETS JVs, the scheme collapses.

PETS’ FYE’19 balance sheet held GBP 395 million goodwill largely attributable to the future cash flow generating ability of PETS JVs and reported a contingent liability of GBP 11 million, only 17% of what PETS JVs owed third party banks.

To us, the evidence is clear that PETS lied to investors about the level of financial support given to PETS JVs which artificially inflated PETS’ reported profitability and understated its liabilities. We believe a restatement of PETS’ financial performance would include adjustments to goodwill, increased recognized exposure to PETS JV bank debt and further write-offs of direct loans to PETS JVs.

As investors consider PETS’ hidden liabilities, its low earnings quality from circular payments and inflated carrying balances for certain assets, we think PETS’ stock price could break previous lows with a downside of 75%+.
Pets At Home share price data is direct from the London Stock Exchange

Pets At Home Frequently Asked Questions (FAQ)

What is the current Pets At Home share price?
The current share price of Pets At Home is 222.40p
How many Pets At Home shares are in issue?
Pets At Home has 459,491,054 shares in issue
What is the market cap of Pets At Home?
The market capitalisation of Pets At Home is GBP 1.02B
What is the 1 year trading range for Pets At Home share price?
Pets At Home has traded in the range of 194.30p to 325.20p during the past year
What is the PE ratio of Pets At Home?
The price to earnings ratio of Pets At Home is 12.94
What is the cash to sales ratio of Pets At Home?
The cash to sales ratio of Pets At Home is 0.69
What is the reporting currency for Pets At Home?
Pets At Home reports financial results in GBP
What is the latest annual turnover for Pets At Home?
The latest annual turnover of Pets At Home is GBP 1.48B
What is the latest annual profit for Pets At Home?
The latest annual profit of Pets At Home is GBP 79.2M
What is the registered address of Pets At Home?
The registered address for Pets At Home is EPSOM AVENUE, STANLEY GREEN TRADING ESTATE, HANDFORTH, CHESHIRE, SK9 3RN
What is the Pets At Home website address?
The website address for Pets At Home is www.petsathomeplc.com
Which industry sector does Pets At Home operate in?
Pets At Home operates in the MISC RETAIL STORES, NEC sector

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