Dmitrii Ishutin @DmitriiIshutin: "End of month update $PETS.L -..."

United Kingdom

End of month update $PETS.L (Pets at Home Group Plc) - speculations about a potential acquisition by a private equity firm became a positive catalyst for the share price. A 5.45% dividend yield is amazing, and valuation multiplicators are attractive. Fundamentally, the number of households owning pets in the UK has grown from 40% to 60% since Covid, so although the cost of living crisis in the UK makes people watch their expenses closer, current share price levels present an attractive entry point. $SGRO.L (Segro) $PHP.L (Primary Health Properties) $CCI (Crown Castle International) $LAND.L (Land Securities) - I am bullish commercial real estate. The sector has been hammered hard by high interest rates, however I believe in a fundamental shift in investor's attitude. As rates start to decline (more on that below), REITs will benefit a lot. TMF - the largest portfolio holding. Russia-Ukraine peace talks are of course welcome news for the market. More calm and stability will push global commodity prices lower, which in turn should lead to lower inflation. Today's PCE stats was good. We already start seeing this materialise in the US 10Y and 20Y yield charts - yields are near or below 200-day MAs. I have been bullish bonds for the last 2 years, and hopefully - finally - this conviction is starting to materialise. $Wizz and $vws are my speculative plays that should benefit from the end of the war in Ukraine.