Member Info for lland

Yes, I noticed them too. Probably just went over the 0.5% threshold rather than going all in at this level, which indeed would have been "brave". Only a matter of time before we see one of these reduce, IMHO.

RNS this morning - segmented reporting
First quarter 2018 - 17% growth in Veterinary and 1.4% growth in Retail
Over £250m first quarter revenue

That'll do me just fine thanks.

Upside:
Ten new Cook's Club hotels coming on stream for 2019
Expedia alliance further rollout
First own brand hotel just launched in China
Group airline bookings up 15% and capacity growing
Expectation of profitable growth in 2019
Comfortable liquidity
Shift to higher margin destinations

And finally, it's currently only 55p!

This was trading in the 130s just five months ago. Even with adverse trading conditions, actual performance does not warrant the nose dive experienced in last few weeks for the SP. I agree, the drop is massively overdone and presents an opportunity.

That's one fewer competitors then.

I'd say the market has priced in the reality and the sentiment. At this point it looks cheap, and ripe for potential take over.

Shore Capital have today reiterated their Buy recommendation for PETS.

Interestingly Shore Capital have been going successfully for 33 years. Engadine have been going for less than two. They don't spend their time focusing on rabbits.

This now looks very cheap. Probably going to be an interesting ride, but think this one will make a very good return from these prices.

Same here. Was already trading at a bargain with market pricing in the expectation of a drop in profits. Today's reaction is massively over done and just shorters looking for a quick profit. Will be trading back up above 70p soon.

I see the ONS stats today are showing Retail growth and the SP is holding above 123p. I wonder when the first of the shorts will start declaring their reduction....

Based on the price movements today, I'd guess one or more of the other shorts is reducing.

Certainly not beyond realm of possibility that a direct competitor is attempting to manipulate the SP downwards with the intention of making a bid on the cheap.

Same here, I'm happy to stay for the long term, enjoy the income and all else is a bonus. If the SP isn't ranging between 160p and 200p or higher in the next 12 months though, I'll be shocked.

The shorts are taking on a lot of risk at this point, and there are some far easier candidates for them to be driving down if this was purely about making money on the drop. They must be working under instruction for a potential buyer.

Good point on the 192p high. I was looking at the 217p high. With the amount of potential gain here though, and the income, I'm happy to wait this out however long it takes.

I agree, the positive Motley Fool advice is probably not the sole reason for the share price increase today.

Last Friday's RNS announcement indicating the abandonment of options at 157p acting as a potential indicator of the company buying a large tranche of shares at the current price for a staff scheme would certainly be a big additional push.

No doubt the very positive technical indicators on the price throughout last week are also being considered.

Added to all that, the majority of the large shorts have already made their profit and we're coming up to the 12 month point for anyone engaged in trying to keep the price below 200p for a potential bidder.

Last but not least, the fundamentals are sound and there's a growing realisation that the veterinary side of the business takes PETS out of the weighed down pure Retail sector.

Grouped together, these all provide a compelling reason to expect further increases in the share price before we reach fair value. IMHO.

I suspect all of the shorts apart from Engadine will be looking for a swift exit at this point before the others...

...I wonder if it'll be a squeeze?

Motley Fool has just recommended PETS over BOOHOO...

https://www.fool.co.uk/investing/2018/09/17/why-id-ignore-the-boohoo-share-price-and-buy-this-6-yielder-instead/

Something's definitely up. Motley Fool today probably helping too. About time they woke up....

https://www.fool.co.uk/investing/2018/09/17/why-id-ignore-the-boohoo-share-price-and-buy-this-6-yielder-instead/

Other shorts may be looking to unload because of Engadine's over extended position. Ideal opportunity to screw a competitor...

Above 120p. Whatever happens, it's going to be an expensive afternoon for Engadine.