Member Info for oliverthehardy

Swazers, Recent results by Zoetis in the US had the share price up 5.1% in a day. Unfortunately for the Pet Industry Zoetis is 23% below the Pandemic high. However, Pets.L is 41% BELOW THE PANDEMIC HIGH. Hopefully when intrest rates com,e down further and the economy picks up... Zoetis make an offer...

Dyor

Hi Ed1Mil, When the H1 results came out last Thursday, I used the forward guidance for H2 $400m operating profit which equates to 218 cents eps in six months time. With a p/e ratio of 13.3 and exchange rate of $1.28 = £, the share price next March should be around £22.65. Analyst forecasts in the US shows £22.96. About 12% rise in the next six months hopefully.

Dyor

Should see better share price with results, dividends and more buy-backs.

Thank you that I had Nvidia for the last year so I have a better pension....but not here!!

UK shares need to show us how we have a good share system or all my money will be in the US,,,,

Well done BHP, Hotel Chocolat, Darktrace and many others to be bought out, merger or move out to reflect value!

Feel sorry for the car mechanic who puts his money in UK based pension and at the end of his/her career said "How much?" ... it is less than I put in!!!

I think this is the norm for UK shares - good companies with good ideas (ie. cheap medicines for all) are punished. In the US they are celebrated.

I am down in this share. Why?

Imo the boys in the city need to make a living so they manipulate the share price up and down to take away people's ISA/pension money. The net effect for say a car mechanic when he retires is that he is lucky to get his/her money back.

It is far better in the US market...and best to leave these clowns to ruin their opportunity to make our lives better with our money.

Mr Picky,

My current share price estimate is 360p in the next 12 months vs your 350p forecast.

Having bought PETS during Covid - I will make sure I get a return on my capital... before moving away from UK shares... and let Jeremy Hunt watch his money go down!!

Currently, the CMA investigation is holding PETS down as well as the shorters.

The CMA said they will provide an update about the next steps in early 2024?!?

In the meantime, let's see PETS grow the eps further - and as the Management know the sp is undervalued .... they keep up the Buy Backs..

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.

RNS on Second Tranche of Share Buy Back programme to start.

Also update from HL has Forward price/earnings ratio of 12.9

and stated Average forward price/earnings ratio is 15.9....

so potentially +25% upside......

Mr Picky,

The RNS was conveying an upbeat position despite all these one-off costs to consolidate systems and the Distribution Centre into Stafford this year and next year as well as being scored highly on the best place to work.

On an eps basis, they have maintained PBT at £136m. That equates to a figure after tax of £100.64m with eps at 21.13p on the current level of 476.4m shares.

If we take the last ten tear's p/e ratio of 15.8. Analysts can arrive at a £3.36 share price figure on Final results.

How can PETS reflect it's true value of P/e ratio 17 x eps 23.7p = £4.02?

Ok. Some distribution problems and unwarranted investigation into all VET practices in the UK ...I blame the government for launching the investigation. Then Jeremy Hunt asking me to put hard earned cash into UK companies...No Thank You! Constantly shorted and someone stealing my pension by driving the price down!!

The Results are out tomorrow.................. we all know the share price should be much higher than £2.89.

Yet another prime candidate for a UK company to be taken over!!

Another underperformer due to the illiquid London market...better to be in the US market.

HIK should be in the region of p/e 13.3 x eps 169.7p = £22.56 - if it was listed in the US.

Time for another takeover like Hotel Chocolat !!!

AV. substantially undervalued with a 8 % dividend.

Pre-results : p/e 8.6 x eps 55p = £4.72.

On half year results premiums up another 13%

imo. Looks like a takeover will happen if the share price stays this low....

Agree, Short 5cum. Let's see them when Half Year results out next week.

P/E 17 x eps 23.7p = £4.02 for this year....

Let's see some pants on fire!

And so glad I have only a few UK shares!!!! Most of my money parked where i can make mnoney

Severely undervalued!!!

It was interesting that in the US - a similar company to PET which is called Petco health & wellness - announced yesterday a 7% increase on Revenues and the share price went up 15% in one day!
Would be nice to see this here?!? or if we continue at such a low share price - could they buy us?

Broker updates:
Deutsche Bank cuts Asos price target to 800 (900) pence - 'buy'
SocGen cuts Asos price target to 1,072 (1,300) pence - 'buy'
Goldman Sachs cuts Asos price target to 750 (950) pence - 'neutral'
JPMorgan cuts Asos price target to 1170 (1,260) pence - 'neutral'
RBC cuts Asos price target to 850 (1,000) pence - 'sector perform'
Liberum cuts Asos to 'sell' (hold) - price target 500 (700) pence

Hi ryanf,
I totally agree that the markets are forward looking and the share price 2 days ago priced in all the bad news.
The new CEO mentioned the key word "Lean".
I take that to mean the adoption and delivery of Lean Six Sigma principles in the business. The outcome will be improvements in Customer Satisfaction, improvements in Employee Satisfaction and an improvement in profitability as Waste and Inefficiency are reduced and productivity increases due to their capital spend on IT investments.

Based on 31st March 2023 guidance:
eps = Profit after Tax = £120.8m / 500m shares less buyback 14m = 486m shares = 24.85p for 31st March 2023.
Using average P/e Ratio of 16 means the share price in 12 months time = 397p.
Therefore , share price range is £3.70 - £3.97 for NEW CEO.

As per my previous post : Before all the analysts crank the numbers: Results shows eps at 23.16p x conservative p/e ratio = 347p. Based on the average Pets at Home P/e Ratio which is 16. Therefore 23.16 x 16 = 370p.

In Q1 BP announced Operating cashflow $8,210m vs Q4 2021 $6,116m. Therefore increase of $2.09bn divide by 1.25 = £1.67bn.
In Q1 BP announced Surplus Cashflow $4,089m vs Q4 2021 $2,998m. Therefore, an increase of $1.096bn = £877m.
Imo. A drop then share buybacks so that within two weeks back to 430p.

Really good results ....what they didn't tell you I have now moved up from 330p to ....
A Share Valuation with 500m in issue means eps was 23.16p x 15 P/e ratio = 347p.

25th May 2022 are PETS next results - already confirmed eps 22p x very conservative p/e ratio 15 = 330p
5 trading days to go before results!