Pets at Home Group (PETS)

Sector:

Retailers

Index:

FTSE 250

280.20p
   
  • Change Today:
      2.00p
  • 52 Week High: 322.60p
  • 52 Week Low: 254.40p
  • Currency: UK Pounds
  • Shares Issued: 459.57m
  • Volume: 18,672
  • Market Cap: £1,287.73m
  • Beta: 1.24

Sunday share tips: Adriatic Metals, Pets at Home

By Alexander Bueso

Date: Sunday 09 Jun 2024

LONDON (ShareCast) - (Sharecast News) - The Financial Mail on Sunday's Midas column called attention to silver producer Adriatic Metals, arguing that its shares may "prove rewarding for the adventurous punter".



Its boss, Paul Cronin, had managed to take the miner, which was based in Bosnia and Herzegovina, from the exploration phase through to production in only seven years.

Cronin was also looking at a potential second mine in Serbia, as well as elsewhere on the Continent, that could help Europe cut its reliance on Chinese and Russian commodities.

Annual demand for silver meanwhile had grown by around 200m ounces since 2014, the second-highest figure ever, but supply was about unchanged.

Hence, as stores of the metal shrank, prices were seen jumping from $30/oz. at present to $35/oz. by the end of 2024 and to above $50 by December 2025. Long-term predictions meanwhile suggested a price of almost $350/oz. by 2030.



The Sunday Times's Lucy Tobin told her readers to 'buy' shares of Pets at Home.

Last September the Competition and Markets Authority had launched a review of the £5bn veterinarian industry, resulting in the shares erasing around a quarter of their value, she mused.

But she judged the risks from that review to be limited.

Indeed, the business had "significant" growth potential left vet and grooming services.

Tobin noted research from Liberum regarding the company's new single distribution centre, which the broker's analyst, Wayne Brown, was akin to an Amazon Prime for every pet.

The new centre would also give the business access to more client data, Brown added.

However, Tobin conceded that a share price recovery might not materialise in 2024 as Britons might not be ready yet to splash out.

Hence, he thought the shares were "alarmingly cheap".

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PETS Market Data

Currency UK Pounds
Share Price 280.20p
Change Today 2.00p
% Change 0.72 %
52 Week High 322.60p
52 Week Low 254.40p
Volume 18,672
Shares Issued 459.57m
Market Cap £1,287.73m
Beta 1.24

PETS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.89% above the market average48.89% above the market average48.89% above the market average48.89% above the market average48.89% above the market average
56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average
Price Trend
19.28% below the market average19.28% below the market average19.28% below the market average19.28% below the market average19.28% below the market average
4.76% above the sector average4.76% above the sector average4.76% above the sector average4.76% above the sector average4.76% above the sector average
Income
44.79% above the market average44.79% above the market average44.79% above the market average44.79% above the market average44.79% above the market average
30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average
Growth
89.82% below the market average89.82% below the market average89.82% below the market average89.82% below the market average89.82% below the market average
80.95% below the sector average80.95% below the sector average80.95% below the sector average80.95% below the sector average80.95% below the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 1
Sell 1
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PETS Dividends

  Latest Previous
  Final Interim
Ex-Div 06-Jun-24 07-Dec-23
Paid 16-Jul-24 12-Jan-24
Amount 8.30p 4.50p

Trades for 22-Nov-2024

Time Volume / Share Price
08:26 1 @ 280.20p
08:24 143 @ 280.20p
08:24 171 @ 280.20p
08:24 3 @ 280.20p
08:24 293 @ 280.20p

PETS Key Personnel

CEO Lyssa McGowan

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