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........tick tock the clock is ticking down to when the shorts will close.....not a case of if just when.....Im quite happy for them to pay my 7.5p dividend over the next 12 months.......AIMHO....GLA
MARS looks cheap but just be careful with the debt levels......
MARS looks good to me as well. Certainly markets look jittery at the moment But QE4 will arrive soon enough
Let’s hope for a swift resolution to the Mexican stand off here.
Time will tell Paul. One thing for sure it is looking oversold, great div which is easily covered so any short selling pressure will reverse at some point. On a personal note, I have started to sell some of my shares in favour of cash. Just sold my BT holding at a good profit so will invest my dividend here or at MARS.
I still think the Director buys here are the smoking gun. If the company is to go private then if you are at the top you want a nice pension bundle from the deal. Best way to achieve this is to buy/award as much as you can, if you know/think predators are hovering.
Just my guess but seen it many times before
Or a significant idiot!
Always invest in over sold companies which have significant potential for a pop or takeover. As I have said this has a Lavendon ending written all over it. Will share if I hear anything on the grapevine. The meme that retail is dead will lose traction soon and retailers like this and Superdry will turn I think.
Average is around here so some significant upside should it all come together.
Good luck anyway
wow Paul, some holding that. Does that make you a significant shareholder? If so, could you 'tip me the wink' if there is an approach from a third party. Hope you have averaged down. I'm not so certain that a low baller of a bid would come in. The company is generating cash, all the stores are profitable and their vets business is bedding in and likely to bring in good revenue going forward.
Let's hope they move on at some stage. Really don't get what they see in this from here on in - unless they really are looking for it to go under, but no evidence of that at all (If anything seems to be growing more quickly than expected).
Still think something else is afoot here and would not be at all surprised to see a low ball take-over offer soon.
Will hold on here with my 200,000 shares
have to say they are a pain in the backside, but now that I have a very VERY good price (below here) something will have to go extremely awry to get me out
Shorts still kicking it in end of day auction. Dropped it 1p after hours.
Need to break through 1.30 to start clearing them out
.......my 12 month outlook for PETS based on current market factors and recent dealings within this sector (especially vets consolations) is probably an agreed takeover circa 190p with huge losses for Hedge funds trying to close 65million shares. Just an opinion ADYOR!!
Well we will have to see how much patience the shorts have. So long as PETS keep bringing the cash in by steadily growing the business and paying a handsome dividend. According to my conservative calculations, the shorts have 65million shares on loan, with dividend payments and loan interest it's going to cost them 10million pounds to keep their positions for another 12 months. Let's see who blinks first!
I think the problem is that while the revenue growth looks great, until we see some actual profit figures the market will be sceptical (due to historic falling margins).
thanks for posting the article moniman. I am a little bit sceptical about this but will take it on board. Lets not forget this is a ftse 250 company, that has posted some very encouraging results recently. Makes a profit. Not aim pie in the sky. Potential take over target. I am happy to take the divident, and its way too late to sell, so I can see me keeping these for a very long time, if not forever. Love my pets, I like the stores, so will keep buying in there.
It's commonly known as market manipulation. Hedge funds are probably working with third-parties. As said previously the longer the price is held down the lower any bid could be, if that's the plan? It happens all the time. There are some very devious players out there trying to get you to depart with your shares below value! Aimho adyor.
Anyone any idea why this is still falling after really positive trading report? Boggles my mind.
........ironically a sell of in the general market could help support PETS so long as the dividend remains in place. High valued shares without any dividends could potentially suffer more in any sell off. The Vets business is a definite growth promoter for PETS, and recent mega bucks takeovers are getting the attention of investors. I'll be sticking with PETS well into the 200's and beyond and I may not have to wait for too long IMHO..
moniman, at this price the company is a snip if anyone is eyeing them up for a takeover. Brokers will be bullish on this as the business progresses and stop thinking that they are a 'regular retailer'. The Vets business will strengthen as customers become confident in their service and start to generate loyalty based growth.
My only concern in relation to my investments is the risk of a market selloff which imo is overdue. Those undervalued companies will of course get caught up in any correction. The yield does offer a cushion over a period of time which also convinces me to stick with it. BT and BP have gone ex div today so caught between investing the money here or MARS
I'm just taking the dividends for now and always a possibility that with the weak pound the business will come to the attention of international investors. Two very recent takeovers of UK vets practices for several hundred million pounds despite far fewer practices than PETS. I would prefer PETS to make it on its own but that may not happen once others realise the undervaluation is recognized. Brokers are now coming around to the realisation that PETS sales are still growing, in fact 5 consecutive quarters, most other companies would jump at this performance in the current retail environment yet PETS still being targeted by Hedge funds. Could just be a ploy to set up a low ball takeover by someone working with the Hedge funds? Who knows! Adyor.
I think after the trading update there is not much to discuss. Everything has been laid out on the table. I would guess investors that can see value have already taken a position by now.
Very low trades as well...mmmmm
that there have been no postings here since Tuesday 20:57?