PYX Resources: Achieving volume and diversification milestones. Watch the video here.
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Very Happy, I don't think it is the job of government to give public money to private shareholders in the form of grants designed to mitigate the impact of forced closures when those closures didn't apply here. My own employer furloughed a lot of staff in the first lockdown, brought them back quite quickly and then repaid the furlough grant because we didn't need to take public money to pass on to shareholders, we were generating enough ourselves (OK and it's good PR and allowed latitude in dividends, acquisitions etc).
Are you still happy now that they have given back another £28.9 million to the government. This reduces the profit for last half year from 39.6 million to £10.7 million.
Well said
I get the frustration, but I think there are a number of reasons why it is a good decision for a company to treat their staff well and support charitable organisations within their industry. To name just two:
Treating your staff well will help ensure you recruit the best talent. Recruiting the best talent will mean you provide a better service than competitors. Providing a better service to competitors will mean customers return.
Donating to charities within their industry will improve the organisations brand identity and public relations. A strong brand identity and healthy PR will improve sales.
This is almost so simple I imagine it’ll come across as patronising, which isn’t my intention (well, almost as patronising as suggesting I’d be happy if they gave the 80 mil to charity.)
I think these things are important and will support an organisation’s growth - just as much as returning cash to shareholders and treating them well. I think Pets have an excellent opportunity for further growth over the coming years (even more so with their purchase of TVC and offloading of specialist centres.) I think it’s a balance, but locking in customers with good PR now, amidst the ‘baby boom’, is a good move.
I bought my shares 2 years ago at £1.15, I'm more than happy with my return on investment so far. However I want it to keep improving and growing from here. The market potential is there for them to grow this business and make us all a significant amount of money in the long term. However spending my companies money on things that don't add value to the business does not increase the value of my holding.
How would you feel if the company you worked for said "sorry we know you've worked really hard this year but we aren't giving you a payrise, we've decided to give it to NHS workers instead."
This is why people who invest need to do their homework first and look beyond the balance sheet. This buisness is robust from top to bottom and are not fly by night. Just look at Arcadia it was all about profit and shareholders and not about the future. I feel so sorry for their staff who are simply numbers and not human beings. If you are not happy with the way the company operates then sell your shares and move on.
Jc1220, it's great that people give money to charities and support people in need. If directors of companies want to do that then great but they can do it with their own money not the money that belongs to the company and its shareholders. Who are they to decide which charities/sections of society are needy ahead of others. The directors of the business are employed for one job only, which is to run the business to the benefit of its owners.
Show me the cost benefit analysis of that additional £8 million of spend. How much improvement did it make to the bottom line results.
Growing the dividend even by a small amount is not insignificant. It is the strategic objective of any company to create profits for shareholders and increase the value of their investment over time. Otherwise the company should just become a not for profit charity. If a company is unable to invest its cash in the correct way then it should return that cash to its shareholders so they can invest it elsewhere.
The acquisition and disposal in the last two days are good examples of PETS releasing profit on part of the business and investing in a new area. How would you feel if they gave the £80 million from the sale to a charity instead of investing in the business or giving back to shareholders.
adeg1
Lots of people are starting to give their money to businesses who treat people well (their staff, front-line workers, charities they support etc.) rather than the likes of Amazon. I was really pleased to see £8mil used for good + increase public profile + provide a compelling reason to shop with pets rather than an insignificant divi increase.
I think pets are really well placed with their subscription service, loyalty programmes and their ability to be a 'one-stop shop for pets' which covers toys/food, grooming and healthcare. Convenience and price are king. The added bonus of sound ethics makes pets even better.
If you've sold at a loss I wouldn't overly worry. Bide your time, wait for the inevitable Brexit dip and then jump in with two feet. Pets are very resilient whilst offering the potential for sustained growth. Here's hoping good Black Friday trading provides another quarter 40% PBT growth!
Any news to do with lockdown easing is seen as good news for retail along with the news about new dog ownership helps. I must say they seem to more busier than ever...long may it continue.
Feels like I'm missing something here - sudden rise at the end of the week, no apparent reason. Good.
You seemed to have mellowed some what. Yes a slight increase in the divi would be the obvious choice however given the volatility of this share price a prudent approach is a wise one. Who knows what lies ahead. All I can say is hold tight and be patient.
I accept that the company has done a good job in difficult circumstances, however when caring for its employees this shouldn't be at the neglect of it's other stakeholders, one of which is its shareholders.
2.6p on the dividend instead of keeping the same at 2.5p just shows the confidence in the company and that they are looking after their shareholders as well as their employees. Even just some indication that they will review the full year dividend in line with their results and look to grow it.
You quite clearly dont understand the ethics of this company. With what has been thrown at them they have responded superbly. They have had to adapt to so much over the past 10 months. This company quite clearly cares about its colleagues and quite rightly so.
Even though we hit a bit of a low we hit a new 52 week high, the volume today was great 3.168M vs a monthly average around 1M and the final 30 minutes we great. Hopefully a nice push up to test some older highs.
You are incorrect try being there before the actual lockdown,sales up at least75%
This will now go to new highs of 450p+ within days.
What additional costs have they incurred because of covid? If anything they should have saved as they had no overtime, less staffing or furlough income, less utilities (the lights were off, doors closed, in my local shop when I went) and less maintenance on their buildings.
Why was it a "well earned" bonus, looked like a nice low stress job to me, no where near the volume of people going through a normal supermarket or a hospital so low risk to employees. The directors have sacrificed profit for shareholders to pay extra to the employees. Why didn't they share the extra across all stakeholders with a small increase to the dividend. As usual its management looking after their own interests ahead of the shareholders.
You did not see the whole report, covid costs plus a well earned bonus for all colleagues has put a squeeze on margins as expected. The important part is continuing to build sales and attract new customers.
Blue finish..
Completely over done like in May. Just top up and watch this reach new highs in the coming weeks/months. Divi next month too. Hold tight!
This does concern me, margins are down and their overheads have increased 50%. There needs to be a good look at their cost control systems to try and squeeze additional profit from their additional sales.
Glad they have maintained the dividend but would like to see them targeting some growth of this over the next few years.
Looks like i spoke too soon, feel sorry for all the PI's that sold this morning minus 10%
Great tree shake by the MM to get share for cheap
Probably close in the + SP today
Well over sold and will be back up tomorrow, once news sinks in.
Today PI's just profit taking, this will be back over 450p in a week or so
This will be 400p+ by close.
Have a nice day.
Because it went from this in the last up date:
Although COVID-19 continues to create a number of material uncertainties around the trading environment, including the risk of a second lockdown, based on trading year to date, and as a consequence of the sustained strength in performance we have seen, we now expect full-year underlying pre-tax profit to be ahead of current market expectations1. Our balance sheet and liquidity remain strong
To this:
At this stage, absent any escalation of restrictions, or other significant disruption to our operations, we now anticipate full-year underlying pre-tax profit to be in line with the prior year1, with the estimated financial impact of the pandemic not fully offset by this year's business rates relief. We will update further on trading during our third quarter towards the end of January 2021.