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Today we hit the bottom, according to the charts it has now bounced, we should continue from here, look at the buys vs sells volume, nearly double amounts of buys. Also the gap at 305p has been fully closed now and there are no more gaps on the charts
I'm looking to buy in here. Trying to predict the bottom is like trying to catch a falling knife!
I note the 52week low isn't far off. Looking forward to catching up with you all. O_I.
TA says its on a support at 312p, so maybe this is the low?
3.00 yep , looks a good entry point , then a run up to 3.50 , ex div date 17th June , its on the radar now , punters always treating their loved pets Gla
said before this going to 300 area, when it is i be woofing buying them!
Chumba- how you getting on with them biscuits
share price down today along with all retail, on Tesco guidance and comment on inflation affect on future profits and changing customer behaviour ...
retail sentiment is shaky at the moment ...... PETS run a good operation... but... the share price will react to the retail sentiment concerns at the moment
From what Ihave seen when I visited my local PAH, no way has it slowed down, the availability was as good as I have seen it for ages and the volume of customers in store was amazing. I for one will be keep my PETS holding going.
the rate of growth has slowed down .....but the main spenders are not the ones who buy a pet one day and decide they don't want it the next...... the key customers are pet lovers in a stable home environment
I think the novelty of buying pets in the lock down gone ,now Covid restrictions are lifted .so profits won't increase knowing ,making share price lame. just like any cynical stock sought of say
3.2 million households that the Pet Food Manufacturers’ Association says bought a new pet in the past two years, means this is one pandemic spike that isn’t about to go into reverse.
And that has to be a winner for the companies that are part of the multi-billion pound pet industry here in the UK, Pets at Home Group (PETS) knows it is on a winning streak here. These pets will require long-term care, and Pets at Home’s decision to invest heavily in the expansion of its ancillary pet care services, as soon as lockdown struck, was a very smart move.
The company, which is the UK’s largest pet supplies retailer, with more than 450 stores and 300 veterinary and grooming salons nationwide, saw pre-tax profits for the six months to 7 October soar by 81.3% to £70.6 million, with the surge in pampered pets lifting revenue in grooming services 62.2% higher.
In fact, all areas of the business grew, including food revenue up 21.4% to £336.7 million and accessories, such as dog toys and training aids, up 20.9% to £257.7 million. While the veterinary side of the business saw like-for-like revenue rise 26.2%..
Describing business as having “never been more robust”, outgoing chief executive Peter Pritchard announced an overall 18% rise in group revenue in the first half of £677.6 million, including retail sales jumping 21.9% on a like-for-like basis. Online sales were similarly 21.5% higher than a year ago.
The company said it expects the benefit it is seeing from the rise in ownership to run and run, with profits and sales for the year likely to hit the top end of market expectations. That would mean it is firmly on track to report a record year of sales and profit growth - yet again.
INVESTORS CHRONICLE 26.01.22....share price 429p
PETS third-quarter trading update revealed continuing momentum. The pet care company, which has benefited from a pandemic-induced boom in the ownership of fluffy and cuddly critters, shows few signs of slowing down in the short term as it posted robust sales growth on both a one- and two-year basis.
......The company looks undervalued as things stand, given growth prospects, but investors should consider the potential of a future slowdown in pet ownership rates as certain pandemic trends recede. Upgrade to buy.
Avo i think the same better than SSX hay. Chumba i still say them biscuits better than Lidl's woof woof.
This seems to finally go back to a more realistic value. Dont understand why it has ever gone up so much.
I think high 200's would be a really good re-entry level.
After the reported loss of a well loved family pet due to a faulty lead sold by and promoted buy (PETS) we can expect a knee jerk reaction on Monday which in itself could present a good buy opportunity. The company has immediately stopped all further sales of "Kong" products.
Condolences to the family who lost the pet.
With all that is going on, I'm not sure if there is a lot to say. The company is in a solid position and is just coming to the end of its trading year. Just a waiting game for me.
How come all the chat on this share seems to have dried up? Nobody interested now that it has come off the boil by about 25%?
Well irrespective of comments, I've bought back in.
361.8 and on a day with a 2.4% fall it there are £2.6 million of bought value and £0.7 million sold. Very funny. The market makers are showing they can shove this share all over the place.
Chumba doggie poo time ,better off waiting just over three's
Still a few days away from this time last year's low...I will buy in again sub 370.
The "perception" of whom? Idiots who use their misconception of the planet and how it works as the basis for financial decisions? Certainly for people who analyse figures, they all look good and stack up. Sales up in a sustainable manner. Profits also up and a competent management team at the helm. And a business model in a market that is not going to be wiped out by technology. In fact one that ever greater intrusion by the internet and AI will enhance. Looks like a good business to me. I am simply left thinking that when will the price bottom out as these people continue to do their thing, following one another based on their bar-chat analysis. Sometime then, I need to have enough put aside to increase this holding in my portfolio.
Best price just over three ,Arse will drop out of it ,when competition kicks in.
PETS together with DPH lost their shine as the anticipation of everyone back to offices and getting rid of the pets or neglect to care for them. The perception is more powerful than the reality. and hence both sp's are down badly.
Change is what’s it’s about - the current CEO is leaving having done a bloody good job - but why is he leaving? Does he think it’s peaked.
Also the director in charge of the veterinary business is also leaving and will be a hard position to fill - hence why they brought her back in the first instance.
They are also planning to move to a much larger distribution - this can be a difficult move, I also hear they are looking to outsource their trucking fleet once again having brought it in house to save buttons.
Interesting time ahead I think
Interesting Times..
Average Broker price target for 2022 is £5.62.
However, with Sales increasing 18.3% and say Net Margin contracting 4ps - a reasonable target is 492p.
Perhaps because it's in the doldrums. Look at last year's chart...427 in Feb with a low in March of 372. So, come back in 4 weeks time?