Member Info for Mulder

That is very low for what is considered a safe, 'defensive' share. Strong support around 903p

In view of the developing scandal at Carillion let us review the balance sheet of Pets At Home. As of 30/3/2017 Assets £1.3Bn Liabilities £0.4Bn of which short term liability = £0.2Bn Net Assets/Equity: +£883M Operating profit 2017: £100M *** I would say that is a very solid balance sheet with minimal debt. Net Assets/Equity of close to £900M and current market cap £800M. Sorry shorters but Pets' is not going bust any time soon.

Given the scandal over at Carillion where management and accountants had lied about accounts revealing a £800M black hole let us have another look at Hikma's fundamentals - just in case. 2016 Turnover £2Bn Gross Profit £986M Operating Profit £302M Total Assets 2016 - £4.4Bn Total Liabilities £2Bn Net Assets £2.4Bn Hopefully it should not be going bust any time soon.

High street sales shine in hot weather High street sales at small and medium sized retailers enjoyed their best June for six years, with the warm weather helping clothing and fashion to strut its stuff for the first time this year. Overall, like-for-like retail sales were up 1.3% in June, according to BDO's sales tracker, though this was compared to a negative base of -3.6% for the same month last year, the worst June in more than a decade due to Brexit vote uncertainty. Crossing into the week ending 02 July, overall sales were also up 1.06% for that week alone. By sector, clothing and fashion stores performed the best, with LFL sales outperforming other sub-sectors for the first time since January 2016. LFL sales for clothing retailers were up 1.4% in June, but versus a 4.9% decline for the same month last year. Sales were up by +5.9% in the first week or the month and by 8.3% in the last but with negative results in between amid the General Election. http://www.sharecast.com/news/high-street-sales-shine-in-hot-weather-bdo/26161190.html PS. Those mulling a 20p SP here - P/E would be 3 and divi yield 17%. Please, please think about fundamentals first and take-over also possible at these levels. A global name, stores in 27 countries worldwide.

This was 950p a month ago. Crazy. Water/utilities = defensive??

Given the mining charter very surprised today.

Anyone know the reason?

An RSI of 19 for such a large company and defensive share is ultra low and surprising. Bid target.

Interesting how the RSI has gone from 20 mid-May to 55 now after much PI and Institutional buying but the SP is unchanged. Hmmm....

4 x 45p special dividends on top.

Yes the retail sector (& utilities this week) have been brutally hammered. Loss of 3% in a day here on the back of no company specific news but it all comes down to shorters again I'm afraid who dramatically accentuate any falls and suppress any rise. They make the company and the overall economy look a lot worse than it actually is. Next is now yielding 9% and on a forward P/E of 9. Despite this people still argue shorters are good for the market - I wonder why shorting was banned during the credit crunch if it is so good.....

2 dirt cheap value stocks looking like hidden gems Cheap income Like Trinity, beaten down retailer Debenhams (LSE: DEB) is also trading at a bargain-basement valuation, which could offer tremendous upside if trading performance begins to improve. Shares in the company are currently trading at a forward P/E of 6.7, and even though City analysts expect earnings per share to decline by 16% this year, earnings declines are projected to moderate next year. The company is still highly profitable with an average pre-tax profit of £90m predicted for the next two years. This healthy profit should easily cover the company’s dividend payout during the period. Analysts expect the firm to pay a dividend of 3.4p per share for the next two years, which is equal to a yield of 7.7% at current prices. Based on this, even if the shares go nowhere, investors will still receive a return of 15%. If trading begins to turn around, the returns could be even higher as the market turns positive on the shares. http://www.fool.co.uk/investing/2017/06/30/2-dirt-cheap-value-stocks-looking-like-hidden-gems/

I understand any implementation of this charter will be challenged in the courts and will take considerable time to implement even if it is approved.

These value stocks could be trading at deep discounts According to various reports, the UK spends between £5bn and £11bn each year on its pets. Dog owners spend the most with an estimated average spend of £1,252 annually per pet. The UK pet business is big business, and it’s improbable that the industry will go through any recession, even during periods of economic hardship cats and dogs still need to be fed and groomed. Against this backdrop, Pets at Home (LSE: PETS) seems like a great investment. Unfortunately, over the past year its shares have dived as the company has struggled to meet lofty City expectations for growth. After four years during which pre-tax profit rose from £22.5m to £95.4m, for the fiscal year ending 31 March 2018, analysts expect profit to fall by around £10m to £85.6m and earnings per share to decline by 10%. Despite its large target market, Pets at Home is facing increasing competition, but as the UK’s largest pet-focused business, it is uniquely positioned to grab back market share. Management has unveiled several initiatives to bring customers into the company’s stores, including changes to branded food lines and price cuts on various items. The group is also becoming a one-stop shop for pet owners by placing vet practices and grooming salons in its stores. Nonetheless, despite these actions to try and turn around business performance, the shares have continued to trend lower. Luckily, after these declines, the business is trading at a desirable 11.9 times forward earnings, 25% below the average multiple of 15.9 times earnings awarded to the company since its IPO. As well as the discounted valuation, the shares also support a dividend yield of 4.6%. http://www.fool.co.uk/investing/2017/06/30/these-value-stocks-could-be-trading-at-deep-discounts/

On very minimal volume again...

You need to adjust for the 12:11 consolidation though remember. So 825p pre-consolidation is equivalent to 900p now. The buy backs will also reduce the number of shares in circulation still further.

To think this was 1050 only a few weeks ago. All utilities have been sold off and RSI's are now around 20 (very low)

Very harsh sell off of all utilities possibly sparked by talk of a rise in interest rate. RSI's now very, very low.

All utilities being hammered at the moment and over-sold. Some M&A activity probable.

Hitting 3 month lows and a 150p dividend [3.7% alone] next week Ex-dividend 6th July