Re: SP drop I know nothing more than you. 6% down as I type on no real news that I'm aware of. Retail stocks have been getting hammered so maybe the focus has turned to PETS for no reason other than to give the sp a good kicking to create a buying opportunity for the market? Better explanations gladly considered!
SP drop City Group reduced PETS from Buy to Neutral. Don't think this enough to cause near 6%drop. Any info?
Re: Fund Manager Investment And another non exec
Re: Fund Manager Investment Chief Financial Officer had a nice purchase approx £50,000 todaydyor
Fund Manager Investment "Pets at HomeCitywire AAA-rated hedge fund star Thierry Lucas has ramped up his stake in out-of-town retail warehouse chain Pets at Home (PETS) as its shares tread water close to last years record lows. Lucas increased his holding in the business from 1.6 million shares to more than 15 million or just over 3% worth £25.7 million at a share price of 171p, down from a 2015 high of 311p. The shares are held across Lucas fund range at his hedge boutique Portland Capital, which he launched in 2012 and which last year increased client assets to above $1 billion (£714 million). Enthusiasm about Pets at Homes prospects lifted shares almost 30% in its first 18 months on the market, but buyer appetite was already flagging even before a warning on weak sales last year drove its shares 36% lower to an eventual bottom of 154p.Former private equity owner KKR sold down its remaining 12.3% stake in the business at the end of January at a guide price of 170p. "(From Citywire)
Increased stake For info Citywire AAA-rated midcap veteran Richard Watts has upped his stake in Pets at Home (PETS) as shares fell back close to record lows.Watts increased his holding from 14.8% of shares to just over 15%. A position of 76.1 million shares was worth £124 million at a share price of 165p, down from 241p in early 2017.Shares were primarily held in his £3.4 billion Old Mutual UK Mid Cap fund, with a smaller stake in company chief executive Richard Buxtons £2.3 billion UK Alpha fund.dyor
KKR KKR now sold out (at 174p), so that overhang is now cleared. Interestigly price still holding up ~182p.Onwards and upwards, IF (big IF) hey can maintain good operational progress as reported in last results.nk
Numis Numis issued a broker note last night confirming Pets as a buy and £2.20 target price
Better than expected update In my opinion
Short Capitulation Amazing OCDO capitulation and how the institutional investors do get it wrong.Loving it.Please do you own research......
Re: Buy? Should be "no experienced CEO"...
Re: Buy? I would sit on my hands if I were you. No CEO and a trading model which is beginning to wobble. It's one of those situations where the next weeks trading might end up with a 3 or 4 % rise or a 10% fall. I have got badly scared hands from trying to catch falling knives in the past and it is very difficult to judge right.
Re: Buy? Id imagine over the next 12 months youd do very well buying now. Youre buying at an all time low which bodes Well and its pretty liquid. 7.5p dividend too and thats at the bottom of the cycle. IMHO
Buy? Is this a good time to buy or is this going lower?
results I didnt think results that bad.