The significant de-rating in Pets at Home's (PETS) shares has left many wondering whether the stock – now dwindling at just 120p compared with highs of 220p last October – represents an opportunity or a value trap for investors. Analysts at Shore Capital believe the pet market still offers plenty of structural growth, while others question whether the business itself is well enough positioned to benefit from this favourable backdrop. Truth be told, we’re still in the early stages of a three-year ‘transformation’ plan which the group only launched during the last financial year.
But it would seem non-executive chairman Tony DeNunzio is still confident in the company’s future – or at least his wife Julie is, following her purchase of 200,000 shares for close to a quarter of a million pounds. Mr DeNunzio was first appointed into his role in 2010, before joining the Pets board in 2014.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Alpha Real Trust | Phillip Rose | 13 Jul 18 | 752,525 | 133 | 1,000,858 | 752,525 | 1.186 |
Aminex | Max Williams (cfo) | 13 Jul 18 | 491,642 | 2 | 9,833 | 4,484,648 | 0.123 |
Aminex | Jay Bhattacherjee (ceo) | 13 Jul 18 | 492,341 | 2.009 | 9,891 | 46,406,815 | 1.274 |
Ariana Resources♥ | Michael de Villiers (ch) | 16 Jul 18 | 4,000,000 | 1.4269 | 57,076 | 52,500,000 | 4.954 |
Ariana Resources | Michael de Villiers (ch) | 16 Jul 18 | 500,000 | 1.43 | 7,150 | 48,500,000 | 4.577 |
Ariana Resources | Christopher Sangster | 16 Jul 18 | 263,431 | 144.25 | 379,999 | 3,467,278 | 0.327 |
Ariana Resources | Christopher Sangster | 17 Jul 18 | 249,566 | 144.25 | 359,999 | 3,716,844 | 0.351 |
Burberry | Julie Brown (cfo) | 13 Jul 18 | 8,543 | 2102.02 | 179,576 | 38,645 | 0.009 |
CQS New City High Yield Fund | Wendy Dorman | 13 Jul 18 | 48,000 | 62.009 | 29,764 | 112,000 | 0.028 |
Diversified Gas & Oil | Martin Thomas | 17 Jul 18 | 25,000 | 97 | 24,250 | 2,075,000 | 0.409 |
Diversified Gas & Oil | David Johnson | 17 Jul 18 | 50,000 | 97 | 48,500 | 200,000 | 0.039 |
Future | Richard Huntingford | 18 Jul 18 | 14,000 | 492.5 | 68,950 | 14,000 | 0.030 |
GYG | Rupert Savage | 13 Jul 18 | 35,500 | 70 | 24,850 | 2,570,731 | 5.512 |
GYG | Richard King | 13 Jul 18 | 35,000 | 70.5 | 24,675 | 130,000 | 0.279 |
GYG | Remy Millott (ceo) | 12 Jul 18 | 103,000 | 72.5 | 74,675 | 3,270,863 | 7.013 |
Helical | Michael O'Donnell | 17 Jul 18 | 33,500 | 342.4 | 114,704 | 33,500 | 0.028 |
KCR Residential REIT* | Dominic White | 12 Jul 18 | 57,143 | 88 | 50,286 | 57,143 | 0.580 |
KCR Residential REIT* | Timothy James | 12 Jul 18 | 28,571 | 88 | 25,142 | 504,492 | 5.118 |
Micro Focus International | Karen Slatford | 13 Jul 18 | 7,789 | 1271 | 98,998 | 17,704 | 0.004 |
PCI-PAL | William Good (cfo) | 13 Jul 18 | 15,000 | 30 | 4,500 | 140,000 | 0.329 |
Pets at Home♥ | Tony DeNunzio (ch) | 17 Jul 18 | 200,000 | 123.35 | 246,700 | 3,713,026 | 0.743 |
Playtech | Andrew Thomas | 16 Jul 18 | 2,500 | 510.2 | 12,755 | 10,000 | 0.003 |
Polymetal International♥ | Christine Coignard | 17 Jul 18 | 5,500 | 659.96 | 36,298 | 5,500 | 0.001 |
R E A | Michael St. Clair-George | 16 Jul 18 | 9,985 | 341 | 34,049 | 20,134 | 0.050 |
SciSys♥ | David Coghlan | 18 Jul 18 | 100,000 | 170 | 170,000 | 106,276 | 0.360 |
Shaftesbury | Richard Akers | 17 Jul 18 | 2,000 | 923 | 18,460 | 7,000 | 0.002 |
Summit Therapeutics | Glyn Edwards (ceo) | 13 Jul 18 | 150,000 | 38 | 57,000 | 383,333 | 0.468 |
Summit Therapeutics | Frank Armstrong (ch) | 16 Jul 18 | 25,000 | 39.5 | 9,875 | 39,442 | 0.048 |
Telit Communications | Simon Duffy | 16 Jul 18 | 11,657 | 171.3 | 19,968 | 11,657 | 0.009 |
Telit Communications | Miriam Greenwood | 16 Jul 18 | 11,500 | 171.6 | 19,734 | 11,500 | 0.009 |
Trufin | James van den Bergh | 13 Jul 18 | 75,000 | 202 | 151,500 | 75,000 | 0.077 |
Urban&Civic | Duncan Hunter | 12 Jul 18 | 100,000 | 305 | 305,000 | 861,678 | 0.594 |
Vianet | David Coplin | 12 Jul 18 | 3,000 | 118.2 | 3,546 | 3,000 | 0.011 |
Xpediator | Rob Riddleston | 16 Jul 18 | 2,003 | 82.85 | 1,659 | 2,003 | 0.002 |
Zenith Energy | Andrea Cattaneo (ceo) | 16 Jul 18 | 460,000 | 3.74 | 17,204 | 8,486,992 | 5.540 |
Zenith Energy | Andrea Cattaneo (ceo) | 17 Jul 18 | 2,000,000 | 3.74 | 74,800 | 10,486,992 | 6.845 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Majestic Wine | Justin Apthorp | 12 Jul 18 | 400,000 | 460 | 1,840,000 | 300,000 | 0.420 |
Majestic Wine♥ | Justin Apthorp | 12 Jul 18 | 150,000 | 460 | 690,000 | 150,000 | 0.210 |
Obtala | Miles Pelham (ch) | 13 Jul 18 | 9,000,000 | 8 | 720,000 | 10,264,286 | 3.113 |
Sanderson* | Christopher Winn (ch) | 16 Jul 18 | 3,686,924 | 90 | 3,318,232 | 8,000,000 | 13.339 |
SciSys | Klaus-Gunter Meng | 18 Jul 18 | 100,000 | 170 | 170,000 | 2,587,826 | 8.775 |
SciSys | Klaus-Gunter Meng | 18 Jul 18 | 10,000 | 173 | 17,300 | 2,687,826 | 9.114 |
SciSys | Klaus-Gunter Meng | 16 Jul 18 | 10,000 | 180 | 18,000 | 2,697,826 | 9.148 |
SciSys | Klaus-Gunter Meng | 13 Jul 18 | 75,000 | 182 | 136,500 | 2,707,826 | 9.182 |
SciSys | Klaus-Gunter Meng | 13 Jul 18 | 50,000 | 190 | 95,000 | 2,782,826 | 9.437 |
Severfield | Ian Cochrane | 16 Jul 18 | 1,000,000 | 85 | 850,000 | 2,352,863 | 0.774 |
Tristel*♥ | Francisco Soler (ch) | 16 Jul 18 | 1,750,000 | 285 | 4,987,500 | 6,723,834 | 15.567 |
Tristel* | Paul Swinney (ce) | 16 Jul 18 | 502,915 | 285 | 1,433,308 | 468,129 | 1.070 |
Workspace | Graham Clemett (cfo) | 18 Jul 18 | 10,000 | 1091.36 | 109,136 | 152,432 | 0.085 |
Workspace♥ | Graham Clemett (cfo) | 18 Jul 18 | 30,000 | 1091.36 | 327,408 | 122,432 | 0.068 |
Workspace | Jamie Hopkins (ceo) | 18 Jul 18 | 25,000 | 1091.36 | 272,840 | 133,308 | 0.074 |
Workspace♥ | Jamie Hopkins (ceo) | 18 Jul 18 | 15,000 | 1091.36 | 163,704 | 118,308 | 0.066 |
*Placing/tender/open offer ♥Spouse/connected party |