Pets at home Share Price (PETS)

Bought my first tranche here today at 297p - down over 7pct in the last week, looks overdone to me - plenty of money out there atm and personally I don't buy into the view that people are cutting back - I go to Pets at Home on a regular basis and there is no sign of a slow down - the vets and grooming business has plenty of scope imo - lets see

gla dyor etc

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PETS

An impressive performance by Lyssa McGowan at the investors presentation following the results. No need to repeat the results here except to say that eps were down (pet accessories had a difficult year). The tone, however, was distinctly upbeat. They are happy with current analyst consensus for underlying PBT, currently c£144m (compared with £132m this year and also ahead of last year). The Joint Venture veterinary practices are proving particularly successful and they believe their vets growth strategy is not threatened by the CMA's review into the vet sector. There is, they acknowledge, the possibility that Government might regard the regulatory framework of the veterinary business outdated and no longer be fit for purpose, a change in the framework may well affect them.

The divided was held (it is actually outside their guided percentage of profits) but they will be returning £25m to shareholders by way of a buy-back. They believe that they have designed and integrated business (much of it digital) that can deliver long term profitable growth, my impressions was that most of the analysts agreed. If the profit expectations are met this year and there is even a partial recovery in pet accessories then the shares are likely to march on.

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!!!

Next weds and divi week after