IPO Pets At Home

jayship

With a few IPO likely to come on the market in the near future I am trying to decide whether to subscribe for Pets At Home offer with a minimum amount of £1000.


Only 15% is made available to retail investors and possibly a small premium in the early stages. What is the opinion of forum readers.


Thanks

Blackdog

I am considering it. I know the current owners may have squeezed the value out of it but I still like the look of it. If I do go for it I will probably sell quickly if there is a an immediate rise in share price, I did the same with merlin and made a few quid.

jayship

Thanks Blackdog. I have invested the minimum today and will sell it asap if there is a rise in the price.

planteria

what do you like about it?

racing_blue

Master stroke! Might risk a Guinea on this. There is no doubt they have pedigree. Great lead.

Party_Animal

Not sure about this. Need to paws for thought. I assume they produce a catalogue.

BlueTree

£1.3 billion valuation seems overvalued in my opinion..think they only made a profit of about £20 million last year.

MABLE

Not sure about this one. It appears they are raising the money to pay off the present investors and not being raised for growth.

This is what happened with Infinis and the share price has just drifted lower.

BlueTree, You need to check your figures.

Pets at Home, which has 371 stores, made a pre-tax profit of £41.3m on sales of £515.1m in the 40 weeks to 2 January, according to the report, with like-for-like sales up 2.4%. The price of the shares will be set on 13 March with trading due to start the following week.

DaveTheMus

I've looked online but I'm none the wiser......where can I buy the shares?

ignore hl.co.uk

Fanmail

I was going to say the same as DaveTheMus - are they available yet? Where do you apply?

Fanmail

Ah - there is a link on their website under 'investors' and 'intermediaries offer'.