After consensus-beating Prelims we present revised numbers and our updated view of the risk/reward position here. The trajectory of our forecasts has gone from down to flat over the next three years. The swing back into more positive profit delivery in Retail needs in our view to be gauged for longevity as delivery on the services side is likely to be constrained by re-setting the JV part of the business. Buying on Retail prospects is effectively partly a bet against Amazon it should be remem
31 May 2019
Pets at Home
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Pets at Home
Pets At Home Group Plc (PETS:LON) | 264 0 0.0% | Mkt Cap: 1,233m
- Published:
31 May 2019 -
Author:
Tony Shiret -
Pages:
11
After consensus-beating Prelims we present revised numbers and our updated view of the risk/reward position here. The trajectory of our forecasts has gone from down to flat over the next three years. The swing back into more positive profit delivery in Retail needs in our view to be gauged for longevity as delivery on the services side is likely to be constrained by re-setting the JV part of the business. Buying on Retail prospects is effectively partly a bet against Amazon it should be remem