Pets at Home Takeover Rumours (PETS)

RE: Last chance for the shorts to close Well fair play to Engadine they have increased their short again at 117p they are really going for it despite others just starting to reduce??? They are determined to hold this down as long as possible. Well my theory is they are being paid by a third party who is waiting to pounce? The longer that the shorts can hold this down then any approach for PETS will allow a lower offer under UK takeover rules. It requires a takeover to be at least as high as the SP has been in the past 12 months, which is currently around 200p.If the SP is held down for several more months then obviously any approach can in theory be lower than the current 200p that was in Nov 2017. Let's wait and see what happens. Aimho adyor!

RE: shorts Well Engadine have upped their short position yet again. They either know something or are possibility working with others to depress price pending takeover maybe??? Something is possibly brewing imho.

my 12 month outlook for PETS based on current market factors and recent dealings within this sector (especially vets consolations) is probably an agreed takeover circa 190p as per the latest broker guidance with potential huge losses for Hedge funds trying to close 65million shares. Just an opinion ADYOR!!

Well interesting little fact relating to the recent news in July that The private equity firm BC Partners is close to sealing a £700m takeover of VetPartners in a deal that will mark the fast-growing sector's biggest UK deal. I've also discovered that BC Partners is the owner of one of on of the largest Pets retailers in the World operating over 1500 stores in USA & Canada with 55,000 employees. I wonder if they will start looking at PETS or will it encourage others to come into the frame for a PETS takeover....???

RE: consolidation in uk vets ........what's even more puzzling about PETS current valuation is that this proposed takeover of Vetpartners is £700million. That's for just 260 vets practices, while PETS has twice that many vets, 450 stores and grooming salons, with a smaller valuation. Based on the same fundamentals PETS should be worth twice the current share price. Engadine an others are definitely up to something shady imho!

I wouldn't want to be short on PETS going into any weekend following todays outlook. Anything could happen including a takeover approach...Imho...adyor!

Yes I agree...Only a matter of time before PETS becomes a takeover target by one of many multichannel US pet chains...very strong dollar vs weak pound. Most US pet chains could only dream of returns PETS are making on a PE of only 9 vs US PE's of 30 plus....Imho!