dubzy
24 Jan 2017
Re: 14% fall in two days + HL comment Just sold this woofer, so should bounce nicely from here. Good luck remainers.....
turkey10
24 Jan 2017
Re: 14% fall in two days + HL comment Just checked out the Amazon price. Pets at Home is quite a lot cheaper for Royal Canine Wet cat food. couple pounds per pack.Anyway I like supporting companies I am invested in.This is way over sold now.
LK Hyman
23 Jan 2017
Re: 14% fall in two days + HL comment Turkey,"I am just buying expensive cat food each week from them"Word of advice, m8 ... Amazon is much cheaper, and you won't get a hernia humping your sack (of pet food) into your Lexus.[link] on the flybridge yes, I know you have a cat and not a dog, but I like Gentleman Ji
turkey10
23 Jan 2017
Re: 14% fall in two days + HL comment I have cats but our relatives have a dog. They follow the Any Way is Essex and buy collars, coats and all sorts of things from Pets at Home. Dog fashion may be short lived but it's only just started here, in the USA it's very big. Pet grooming is on the up and so are the Vets in store. I am just buying expensive cat food each week from them and it's busy.Lots of macho men with large dogs buying huge sacks of dog biscuits etc.
LK Hyman
23 Jan 2017
Re: 14% fall in two days + HL comment Turkey,"The stores are busy"Are they? I recently got a signal from the memsahib to say that the PETS Barkers store in Sevenoaks (not far from the LK Wash & Valet) was deserted ... and selling stuff that no-one would want anyway. It occupies a high street shop which was previously a Russell & Bromley shoe shop. R&B couldn't make it work and I doubt that PETS can either, despite the fact that most Sevenoaks residents are rolling in rhino and love their pets. One swallow don't make a summer, but still ...I don't know anything about their vet biznay but intuitively I doubt that it lends itself to a format which consists mainly of huge sheds and a bunch of employees hovering just over the living wage. They might be able to clip your poodle's nails but anything more complex would likely be beyond 'em.LKH on the flybridge tracking steadily east
dubzy
23 Jan 2017
Re: 14% fall in two days + HL comment This fall is relentless and chart looks awful....Still holding, still losing money, such a shame....Wonder if and when it will turn......
nk1999
22 Jan 2017
Numis From Citywire (Friday):"Pets at Home offering long-term growth opportunity, says NumisSales have softened at pet retailer Pets at Home (PETSP) and although it faces near-term challenges, Numis believes there is still a growth opportunity. Analyst Andrew Wade retained his ‘add’ recommendation and target price of 238p on the stock following third quarter results. The shares were trading down 6.3%, or 15p, at 222p at the time of writing. ‘Pets at Home has reported a softer like-for-like run-rate through the third quarter, as indicated at the time of its interims, with group like-for-likes slowing... nevertheless, reflecting cost flexibility, we leave our forecasts unchanged,’ he said. ‘Despite the near-term challenges facing the business - slower current trading, tougher consumer outlook, online competition, foreign exchange - we believe the scale, quality and visibility of Pets at Home’s long-term growth opportunity should support a valuation at a marked premium to the general retailer sector.’ "
turkey10
20 Jan 2017
Re: 14% fall in two days + HL comment It's way over sold. It's stillon target to deliver and meet expectations. Nothing has changed just a slow down in December which is common to most retailers. If you can believe all these retail figures, which just after Christmas had said how strong retailing was, no Brexit effect.The stores are busy and the marketing to pet owners is excellent. I'm even reminded of my cats birthday. FT Lex is very positive about the qualities of this share.
Spain Fund
20 Jan 2017
14% fall in two days + HL comment that is quite a fall and seems overdone .I bought in before today's close. From Hargreaves Landsdown website:HL COMMENT (19 JANUARY 2017)A third quarter trading update from Pets at Home shows like-for-like in the Merchandise division slip into negative territory. Following news of this more subdued performance, the shares fell 4%.Our viewThe theory behind the Pets at Home growth story is simple. It is the market leader in a resilient and growing market, and its stores are slicker and larger than independent rivals. This means that the group should be able to hoover up business just by rolling out stores to new locations. Once stores are open, additional services like grooming and vet practices can be tacked on, driving footfall up and raising the likelihood of repeat custom. The catch is that growth is slowing.The group could be finding that expansion is cannibalising sales in existing stores. If it's already bumping up against the sides of the tank at 417 stores, the group might find its longer-term target of 500 is more ambitious than it first thought.Another possible explanation is that customers are migrating to online retailers. In the big bad world of the internet Pets is by no means a big fish, and online competitors are much more dangerous than the independent stores the group has so far made light work of.Investors will hope that Pets' VIP loyalty card proves the group's secret weapon. It provides a better understanding of what individual customers are buying and opens up the possibility of personalised marketing offers. There is currently 3.7m active VIP members, and two thirds of till sales are accompanied by a swipe of a loyalty card.The group aims to return spare capital to shareholders through special dividends where appropriate. Given the group's strong cash flows, history of deleveraging and indications that management would be willing to tolerate a higher debt level going forwards, there is potential for some meaningful payments. In the meantime, the shares offer a prospective dividend yield of just over 3.6% and trade on around 15.3 times expected earnings.Third Quarter Trading in detail:Group revenue has increased 4.4% to £204m, with Merchandise revenue flat at £177m. After opening 2 new superstores, 6 vet practices and 11 grooming salons, this represents a decline in like-for-like sales, which fall 0.5%.Services revenue increased 47.8% to £26m, including a 26.2% increase in Joint Venture vet practice fee income and the contribution from newly acquired specialist referral centres. Integration of these centres is said to be progressing well.On the decline in Merchandise sales, Ian Kellett, group CEO said ""whilst overall sales were softer than anticipated, online grew strongly, reflecting the momentum gained from our investments in seamless shopping.""The group's profit expectations for the full year remain in line with market expectations. Current analyst consensus is for earnings before interest and tax to come in at a touch over £100m.Unless otherwise stated, all estimated figures, including prospective dividend yields, are taken from a consensus of analyst forecasts compiled by Thomson Reuters. These estimates should not be taken as a reliable indicator of future performance.All yield figures are variable and not guaranteed. The information in this article is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned, nor is it a research recommendation. No view is given as to the present or future value or price of any investment, and investors should form their own view in relation to any proposed investment.
Spain Fund
20 Jan 2017
Shares fall as HSBC cuts rating to 'hold' Renae DyerDate: Friday 20 Jan 2017LONDON (ShareCast) - (ShareCast News) - Pets at Home shares fell on Friday after HSBC downgraded the stock to 'hold' from 'buy' and lowered the target price to 230p from 290p after the company reported its third quarter trading update.The pet supplier on Thursday said group revenue was up 4.4% to £203.7m in the 12 weeks to 50 January, with like-for-like revenue growth of 0.1%, reflecting continued strong growth in veterinary services, offset by more subdued trading across the Merchandise business. The company said the profit outlook for the year remains in line with expectations.HSBC said the third quarter sales growth was below its expectations of £207m, led by a 0.5% like-for-like sales decline in the Merchandise business."Structural market growth and maturity should have been strong supporters of positive like-for-like growth, so this is a disappointing performance," said HSBC."Lower footfall was the main cause, with customer feedback suggesting Pets at Home (PAH) needs to improve its value credentials."However, management is responding to customer feedback by investing in price with the initial focus on its own label food.HSBC believes the investment in its own label, which is higher margin than branded products, should support margins."Pets at Home's shift of strategy is likely to see it become more sales growth led and less gross margin led - an encouraging move, in our view. It suggests Pets at Home will increasingly share the benefits of its dominant advanced nutrition position with consumers."The bank added that the firm's competitive advantages should mean it is well placed in the long term if it pursues the right strategy.However, changes may take some time to positively impact customer perceptions and behaviour given an average purchase frequency of about seven times a year."It may be a few quarters before we see the benefits of the shift in strategy," HSBC said.The bank cut its forecasts for earnings per share by 2-5% for fiscal years 2018 and 2019, reflecting a "more cautious outlook". A 3.5% dividend yield with potential for special returns, on a strong cash generation, should offer support in the meantime, HSBC said.Shares dropped 1.46% to 209.80p at 0913 GMT.
Spain Fund
20 Jan 2017
Should you make room after latest update? From Fools website:Should you make room for Pets At Home Group plc after today’s update?Paul Summers | Thursday, 19th January, 2017 I must say that I’m rather bemused by the market’s response to the latest update from retailer Pets At Home (LSE: PETS), with shares in the mid-cap sinking over 8% in early trading. Let’s take a look at why this happened and question whether it offers an opportunity for prospective investors.Overreaction?Today’s Q3 results from the Wilmslow-based business (taking into account trading between 14 October and 5 January) really aren’t that bad and — in my opinion — certainly don’t warrant such a reaction. Although sales from the Merchandise business were flat (at £177.4m), group revenue still rose 4.4% (0.1% on a like-for-like basis) to £203.7m. Much of this can be attributed to the excellent growth in service revenue. This rocketed 47.8% (7% on a like-for-like basis) to £26.3m over the reporting period, thanks to a 26.2% rise (to £9.5m) in fee income from the company’s vet services as well as a contribution from specialist referral centres. In addition to emphasising that these services were a “platform for continuing strong growth“, CEO Ian Kellett also reflected on the encouraging performance of the company’s online offering during the period and a positive reaction to its Christmas range. Importantly, the company stressed that its FY17 profit outlook “remains in line with market expectations“.All this leads to me think that shares in Pets At Home have been oversold this morning. After all, if you’re looking for defensive companies likely to continue bringing in the cash regardless of how the UK exits the EU or Donald Trump behaves, look no further than those operating in this fast-growing, cash-generative market.While shares in Pets At Home are unlikely to rocket any time soon — they started 2017 at a very similar price to where they were in January 2016 — I think the company’s plans to continue opening new superstores, vet practices and grooming salons makes sense. Assuming it can sustain the positive momentum achieved in its service and online divisions, a price-to-earnings ratio (P/E) of 15 feels about right. Should the shares fall further, Pets At Home could start to look like a bargain from a long-term perspective.
turkey10
19 Jan 2017
Lex positive comment Lex is very positive about Pets. It's says it's both recession and Brexit proof. The shares have been heavily over sold this morning. Watch the jump back to a sensible price.
turkey10
12 Jan 2017
Trading update on 19th Trading update on the 19th. Let's hope that it's positive. Stores seem very busy and Pets have very good marketing strategy via loyalty card. Constantly being emailed about my cats.
nk1999
20 Dec 2016
Numis From ADVFN:"Numis has initiated coverage of Pets at Home with an 'add' rating and target of 256p, saying the company is a "market leader with a strong track record"."Despite the meaningful near-term challenges facing the business, we believe the scale, quality and visibility of the long term growth opportunity, led by the capital-light roll-out and maturity of its Services division, should support a material premium to the General Retailers," Numis said.The broker added that Pets at Home has grown to become the largest specialist retailer of pet food, pet products and pet-related services in the UK. The quality of its overall customer proposition has supported "solid and consistent growth" along with ongoing market share gains and a "robust" financial history, Numis said.However, the cost inflationary pressures of the National Living Wage and foreign exchange headwinds are weighing on near-term earnings.First half pre-tax profit grew 3.9% but would have been 8% if excluding the effects of the increase in minimum wage requirements and a weaker pound."Indeed, we see the longer-term structural growth drivers underpinning the Pets at Home equity story - new space, maturity, Services growth, and underlying operational leverage - as very much intact," Numis said.Numis believes the rollout and maturity of the Services operations as well as the opening of more stores could add an incremental £95m of earnings before interest and tax at group level, almost doubling its current pre-tax profit.The target represents a 44% premium to the general retail sector and underpins the 'add' recommendation, which Numis said it is "happy to support despite the significant near-term challenges facing the business (slower current trading, tougher consumer outlook, online competition, foreign exchange, national living wage), given the high quality longer-term opportunity"."
Spain Fund
28 Nov 2016
Broker downgrade - reason for big drop ? From This is Money:SELL THIS: Pets at Home Liberum has posted a ‘sell’ rating for the pet retailer, whose half-year update disappointed investors last week despite a 9.1 per cent revenue rise.The broker said a quarter-on-quarter slowdown showed there were challenges in the merchandise division and warned the outlook statement from the group was cautious.Analysts noted that the firm had not promised an end to earnings downgrades. Liberum has a target price of 200
