Pets At Home Takeover Rumours (PETS)

Seems a good update and should allay fears on the sustainability of the dividend which, combined with shorts closing, should give support for a move back to 150-160p+ IMO. It seems from reading the update that they know what they need to do and want to do in terms of restructuring and growth of the vets business but don't seem to be doing it quick enough. If they don't move quickly enough on this, someone else may well come in and force the pace a little quicker in terms of an active investor or takeover. Pets has rarely been this cheap Listed vets practices have rarely been this cheap The combination is working