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Wife of Pets chairman buys in

The pet chain is facing a difficult struggle to maintain its competitive edge in an increasingly crowded market
July 26, 2018

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.

IC TIP: Hold at 120p

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       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Alpha Real Trust Phillip Rose13 Jul 18752,5251331,000,858752,5251.186
Aminex Max Williams (cfo)13 Jul 18491,64229,8334,484,6480.123
Aminex Jay Bhattacherjee (ceo)13 Jul 18492,3412.0099,89146,406,8151.274
Ariana Resources♥Michael de Villiers (ch)16 Jul 184,000,0001.426957,07652,500,0004.954
Ariana ResourcesMichael de Villiers (ch)16 Jul 18500,0001.437,15048,500,0004.577
Ariana Resources Christopher Sangster16 Jul 18263,431144.25379,9993,467,2780.327
Ariana Resources Christopher Sangster17 Jul 18249,566144.25359,9993,716,8440.351
BurberryJulie Brown (cfo)13 Jul 188,5432102.02179,57638,6450.009
CQS New City High Yield Fund Wendy Dorman13 Jul 1848,00062.00929,764112,0000.028
Diversified Gas & OilMartin Thomas17 Jul 1825,0009724,2502,075,0000.409
Diversified Gas & OilDavid Johnson17 Jul 1850,0009748,500200,0000.039
Future Richard Huntingford18 Jul 1814,000492.568,95014,0000.030
GYG Rupert Savage13 Jul 1835,5007024,8502,570,7315.512
GYG Richard King13 Jul 1835,00070.524,675130,0000.279
GYG Remy Millott (ceo)12 Jul 18103,00072.574,6753,270,8637.013
Helical Michael O'Donnell17 Jul 1833,500342.4114,70433,5000.028
KCR Residential REIT*Dominic White12 Jul 1857,1438850,28657,1430.580
KCR Residential REIT*Timothy James12 Jul 1828,5718825,142504,4925.118
Micro Focus International Karen Slatford13 Jul 187,789127198,99817,7040.004
PCI-PAL William Good (cfo)13 Jul 1815,000304,500140,0000.329
Pets at Home♥Tony DeNunzio (ch)17 Jul 18200,000123.35246,7003,713,0260.743
Playtech Andrew Thomas16 Jul 182,500510.212,75510,0000.003
Polymetal International♥Christine Coignard17 Jul 185,500659.9636,2985,5000.001
R E A  Michael St. Clair-George 16 Jul 189,98534134,04920,1340.050
SciSys♥David Coghlan18 Jul 18100,000170170,000106,2760.360
Shaftesbury Richard Akers17 Jul 182,00092318,4607,0000.002
Summit Therapeutics Glyn Edwards (ceo)13 Jul 18150,0003857,000383,3330.468
Summit Therapeutics Frank Armstrong (ch)16 Jul 1825,00039.59,87539,4420.048
Telit Communications Simon Duffy16 Jul 1811,657171.319,96811,6570.009
Telit Communications Miriam Greenwood  16 Jul 1811,500171.619,73411,5000.009
Trufin James  van den Bergh 13 Jul 1875,000202151,50075,0000.077
Urban&Civic Duncan Hunter12 Jul 18100,000305305,000861,6780.594
Vianet  David  Coplin 12 Jul 183,000118.23,5463,0000.011
Xpediator Rob Riddleston 16 Jul 182,00382.851,6592,0030.002
Zenith Energy Andrea Cattaneo (ceo)16 Jul 18460,0003.7417,2048,486,9925.540
Zenith Energy Andrea Cattaneo (ceo)17 Jul 182,000,0003.7474,80010,486,9926.845
Sells       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Majestic Wine Justin Apthorp12 Jul 18400,0004601,840,000300,0000.420
Majestic Wine♥Justin Apthorp12 Jul 18150,000460690,000150,0000.210
Obtala Miles Pelham (ch)13 Jul 189,000,0008720,00010,264,2863.113
Sanderson* Christopher Winn (ch)16 Jul 183,686,924903,318,2328,000,00013.339
SciSys Klaus-Gunter Meng18 Jul 18100,000170170,0002,587,8268.775
SciSys Klaus-Gunter Meng18 Jul 1810,00017317,3002,687,8269.114
SciSys Klaus-Gunter Meng16 Jul 1810,00018018,0002,697,8269.148
SciSysKlaus-Gunter Meng13 Jul 1875,000182136,5002,707,8269.182
SciSysKlaus-Gunter Meng13 Jul 1850,00019095,0002,782,8269.437
Severfield Ian Cochrane16 Jul 181,000,00085850,0002,352,8630.774
Tristel*♥Francisco Soler (ch)16 Jul 181,750,0002854,987,5006,723,83415.567
Tristel*Paul Swinney (ce)16 Jul 18502,9152851,433,308468,1291.070
Workspace  Graham Clemett (cfo)18 Jul 1810,0001091.36109,136152,4320.085
Workspace♥Graham Clemett (cfo)18 Jul 1830,0001091.36327,408122,4320.068
Workspace  Jamie Hopkins (ceo)18 Jul 1825,0001091.36272,840133,3080.074
Workspace♥Jamie Hopkins (ceo)18 Jul 1815,0001091.36163,704118,3080.066
*Placing/tender/open offer ♥Spouse/connected party