We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Buybacks can't even prop this up now.
Seems sentiment on this has changed.
Sold a third of my holding at 292.25p this morning. It has had a 10% rally this month (albeit from a sharp dip). Simple jobbing strategy here. Happy to let this go in chunks of 1/3 on rising prises or buy back that 1/3rd if the price falls back again.
There is one, they post everyday at 7am, with details on the buyback from the previous working day. So this morning posted Thursdays. A broad estimate I expect we have another couple of weeks at this increased pace. As with an avg price of say £3 a share we would get down to around 468m shares, right now we are still over 470m buying back about 100-150k a day.
No RNS on but back today. Does that mean this round has finished?
Decided to sell out here for a 5pct profit, not too shabby - no more company news here until 29th May which is a long time to wait and I think PETS may get caught up in the UK Macro with negative sentiment re interest rates - still think it will do well and if it does dip below what I paid for them I will reload - gla dyor etc
Fecked by the fecking yanks AGAIN.
I like you style - this is a good business - top of its game but getting involved in hiring to many people with fancy job titles - look at the new CEO’s history. The previous CEO HAD IT RIGHT.
This new CEO is not here for long. The new distribution centre! Massive investment but what happens if there’s a major incident - fire/flood/strike - no back up site. Northampton was a waste of space - wrong location, should have been Newbury M4 corridor. But hey what do I know only was in logistics for 50years plus.
Makes you wonder what exactly was the analysts thinking yesterday to downgrade from buy to hold but still have a price target of 480 ish.
Surely in the 2s that would still mean buy to get an increase in excess of 50%.
These idiots have too much power over market movement of shares when they pipe up.
Just in case you missed it today
"Jefferies cuts Pets At Home price target to 425 (455) pence - 'buy' "
(you know what..... they can have my stock at 405p)
Brokers i not listen to.250 heading too .woof woof/
Even if Berenberg have down graded their target by 10%, that still has the target price at £4.00 so this is certainly appearing very over sold, non?
Another one for me to stress about Mary!!
However I've added twice today.
Same here taken maiden position here along with another top up at BT, missed out couple of years ago here , alot of other shares hitting year low ...atb
1st tranche taken here - despite headwinds, seems a good entry for a quality company despite a few headwinds - will add again as it drops, if indeed it does.
GLA
I think it is sentiment driven JG - BOE holding rates - seen as not good for retail - just a matter of time though before rates come down along with inflation - wage rises have already gone through the pipe so surplus income which is good for retail is on its way - MKS been hammered down on the same basis even though they had stellar results -the UK macro is changing and the tide will turn positive for retail imo - patience needed
gl dyor etc
Carrington
The only thing that doesn't sit right with me is the lack of BOD buys.
CFO has only exercised options and then sold in the last 2 years, and the CEO has made 1 sole purchase nearly 2 years ago.
It's times like these when a market can whack 6% off for a broker note whereby the target price is still well north of this.
Ludicrous and just typical of the UK stock market.
Just bought my first tranche here, it looks oversold to me - tend to agree with JG here, PETS expanding and increasing market share and it is a niche service with a go to trusted brand so difficult for competitors to overcome - I see new branches opening around where I live and that gives me confidence, I know the brand well, we have 2 cats and are in there most weeks, service always very good as is their vet offering - I tend to buy what I know and what I see and I see good things with this brand - will add more on weakness
gla dyor etc
What are they talking about getting costs under control and seeing costs as headwinds?
It was slight weakness in accessories sales resulting in 4 million off the headline profit.
And threatening further downgrades if they don't, but still maintaining a price target well north of this.
Dirty games imo.
I've added today, they're a niche market, one could almost say not many competitors which is tick with Warren B.
Actually the share price went up yesterday marginally.
Why didn't it fall 4% yesterday if it was the update which was not too bad considering all external factors ?
"What is going on here?" I thought it was obvious.
They released a recent trading update which disappointed the market. Therefore the share price has gone down.
What is going on here?
Agree. These shares are undervalued.
As soon as the CMA has concluded their investigation the shares will spike up.
Why? Good progress has been made on the new internet site utilisatiing the synergies of a centralised distribution centre. Next is the new VET computer system to drive efficiencies.
RNS stated Full Year earnings of £132m (Profit before Tax). Therefore indicative eps is £105.6m /472.5m shares = 22.3p s x P/e ratio average over 10 years x 15.8p = 353p share price.
Some what undervalued to today's price.
Also hoping Zoetis in the US takes out PETS after conclusion of the CMA investigation this year There P/e ratio is 37.
Of course there is still this inquiry into Vet practices going on - anyone know when the results will be out?
Really quite good given the economic surroundings but it does require that one reads it. A PE of under 14 and cover of over 4% compares well with other retail shares e.g. Tesco at nearly 30 and less than 4, which I also gladly hold. This share is undervalued & suffers from "analysts" thinking it just sells petfood. The vet business under the same roof, open the same hours, is most important.
Not hopeful for tomorrow given how weak this is.