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Pets at Home

January 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PETS
  • Price:
  • 288p
The hedge fund shorters who were around when I recommended Pets at Home in the September 2017 issue (at 176.5p) have clearly come unstuck. The usual culprits had been placing bearish stories in the Times back then as they tried to bring down the share price but Pets has turned the ship and just reported a strong first half, saying it is on track to deliver full year profit growth ahead of plan.  Pets ended September with 452 superstores, having opened just one in the six month period. Pretax profit was up 19% year-on-year to £45m on sales up 9% to £546m.The key to the group’s success was the retail division, which saw like-for-like sales growth of 7.8% to £479.8m. Overall, Retail EBIT went up 15% ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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