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Bang. Already we hit £3.00.
Now the question is how high can it go? And hold?
RNS still not published on the London Stock Ex! Market visibility won’t be good. This site stated that the results were out yesterday.
Those results are very strong. The outlook ahead for the next year reads really well too. Should be pushing back over 300p today!
Wow, strong results. Turnover £1.32 billion with a clear plan to achieve £2.3 billion.
Yes,
Looks like we're in positive territory at the open and that 7.5p divi will come in handy
UK's Pets at Home full-year profit jumps 65%
Pets at Home PETSP.L , Britain's largest
pet supplies retailer, reported a 65.3% jump in annual profit on
Wednesday, helped by solid demand for its pet products and
veterinary services.
The pet care retailer, which has more than 450 stores, said
its group underlying profit before tax came in at 144.7 million
pounds ($181.34 million) for the year ended March 31, ahead of a
company-complied consensus of 141 million pounds.
https://twitter.com/surprised_trade/status/1529349757507883010
excellent results , Record customer acquisition to accelerate future growth in market share,
free cash flow of £95.0m, up 40.9% , Final dividend per share of 7.5p, an increase of 36%
Link
https://investors.petsathome.com/media/gnpf2mpy/pets-at-home-fy22-prelims-rns-vfinal.pdf
Don’t know where the RNS is! Not here or on the London Stock Ex, at the time of typing, but great results and a final div of 7.5p.
It’s very difficult to know how the FY results will be received in this market. Take two FTSE250 examples last week, PFD was up 15% and RMG down 15% on FY results.
We should hit top end of the profit guidance. The key points which will determine the direction of the SP are the forward guidances and potential impact on inflation, supply chains etc. PETS have done some great work on mitigating these additional costs so good luck for tomorrow all.
Took a chance on 2 lots of 1000 today with an average of £2-79 and if tomorrow's numbers come in as expected, that price will be a very fair one.
Agreed Krgesu. I have a friend who bred their dog and had a litter of six during lockdown. The pups fetched £1500 each and went within hours of posting. Dogs aren’t cheap to keep and these owners will continue to spend for the next 5-10 years for these animals.
I think the sheer amount of pets that people bought over the pandemic will drive the profits forward for the next 5 years.
No worries. Wanted to try get some forecasting off/DCF but was short of time. Let me know if you guys have trouble accessing the spreadsheet etc.
Widely reported that PETS had exceptional growth during the pandemic the worry now is can they maintain the growth. I would expect forecast to predict flat growth and poss small decline in profit as the rise in costs continue.
I gather we will know soon enough - like tomorrow - whose tail we are chasing, a bull or a bear.
Not looking great today for the run up to the results. So annoying.
That’s a brilliant thread Cirl. Thanks for sharing. Overall it has to be bullish from me on the company. They are net cash and I take a view that pet care will rank highly in a families household budget during a cost of living crisis.
Bull & Bear case on PETS.
Have a read, wonder around the excel spreadsheet & play about with the numbers. Admin for the past 7 years done.
https://twitter.com/CirlBunt1ng/status/1528908169346527233?s=20&t=kdY-UbiPBMpSdHUu7Ipnwg
I agree with you Tony. PETS offers high quality pet food, well trained and knowledgeable staff plus a trusted VETS service. Those customers who are retired with inflation linked income will remain loyal, putting PETS in a stronger position.
25th May 2022 are PETS next results - already confirmed eps 22p x very conservative p/e ratio 15 = 330p
5 trading days to go before results!
Pets found it bottom, when cost of living goes up this winter, people shopping for accessories in home bargains, pets be eaten basic, never Mind folk long Term share.
Going to disagree here. I get to go past my local Pets and Tesco as I go into town. Pets carpark as normal, Tesco definitely not the rush it can be and quiet on other times - I hold both shares in my portfolio. Of the two I think Tesco offers no scope for growth of its business but is a fair bet for a longer term hold. Those feckless pet owners who hit the news buying an expensive puppy during lock-down and now trying to dump it - well they certainly get the news but the far greater majority love their pets and would rather starve themselves than let their pet go without. Pets is going to hold up very well in this recession and has more room to grow as their on-site vet business model expands further.
Realise that Pets & other retail stocks have been hit hard by general lack of funds from a lot of the public. Any organisation that did well whilst covid was here, owing to being at home with the comfort of pets, will not be continuing to prosper with the threat of a recession arriving. Energy prices don't help too.
Marks & Spencer has sufferred too & even ASOS , so online shopping maybe is just not so affordable to the youngsters as well. Stocks might have further to fall this Summer.
https://www.youtube.com/watch?v=gFvkr6GBWLw,Soon be flying chumnbs
Now chumbs