Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on PETS AT HOME GROUP PLC. We currently have 6 research reports from 2 professional analysts.
|30Nov16 03:45||RNS||Director/PDMR Shareholding|
|24Nov16 07:00||RNS||Directorate Change|
|24Nov16 07:00||RNS||Half-year Report|
|03Nov16 08:37||RNS||Appointment of Joint Financial Adviser & Broker|
|20Oct16 10:08||RNS||NOTIFICATION OF MAJOR INTEREST IN SHARESi|
|12Oct16 02:22||RNS||Notification of Transaction of PDMR|
|29Sep16 07:00||RNS||Holding(s) in Company|
Frequency of research reports
Research reports on
PETS AT HOME GROUP PLC
PETS AT HOME GROUP PLC
25 Nov 16
"With US markets closed yesterday for Thanksgiving and in the absence of significant overnight news, Europe is expected to have a quiet opening this morning with the FTSE-100 seen just 5 points either side of unchanged in early trading. Markets across Asia ended fractionally higher with even the Shanghai Composite moving positive after falling sharply in opening trade, as conflicting views of regarding the potential impact of tariffs on Chinese imports proposed during Trump's electoral campaign and optimistic scenarios that China now finds itself ideally placed pick up the TTP baton that will be dropped on his first day in office, circulated. Elsewhere in the region, the Nikkei set the early pace with the Yen hitting an eight-month high against the US$, along with similar weakness against the basket of other major Asian currencies, boosting competitivity for this export-led economy. Japanese consumer prices fell by 0.4% in October, although this eight-consecutive decline was in line with consensus and smaller than the 0.5% reported for September. Given also that the ECB is now thought likely to not only continue its EUR80bn monthly asset purchase but also to extend the program out to September 2017, the continuing ascent of the US$ ahead of the Italian Referendum and run-up to the French presidential election, now has forex traders are suggesting parity could between the two currencies could be achieved early in the New Year. Oil meanwhile remained subdued ahead of the OPEC meeting scheduled for 30th November, while Gold fell back again on dollar strength and reduced Indian buying. UK macro releases due today include the second GDP estimate, the CBI Quarterly Distributive Trades Survey and the Hometrack UK Cities House Price Index. Just a few, mostly smaller UK corporates are also due to report earnings or provide trading updates this morning, including Fastjet (FJET.L), Triad Group (TRD.L), Pennon (PNN.L) and Zambeef Products (ZAM.L). Traders will also remain sensitive to further reports from the Western allies who have been pressing Iran for several months for a firm commitment to proceed with proposed cuts to its enriched uranium stockpiles, for fear that otherwise these sensitive negotiations could be scuppered upon Trump's move to the White House in January." - Barry Gibb, Research Analyst
Dominant, defensive and highly cash generative
24 Nov 16
Pets at Home have reported a strong set of interims for the 28 week period to 13th October which highlight the investment strengths. This is a high quality retail business that enjoys a dominant position in an attractive and highly defensive subsector. The company has a pipeline of profitable store openings, reports consistently positive like-for-like growth and is highly cash generative. We therefore reiterate our Buy recommendation and price target of 271p.
14 Stocks due a Referendum Bounce
21 Jun 16
We have now entered the third and decisive stage of the UK’s EU referendum campaign. The launch of campaigning on 15 April saw the beginning of stage one as momentum was captured by the Remain campaign. A series of economic analyses identified the referendum as a risk event damaging to household finances and proved key to a rebound in Sterling. This momentum was recast as the UK entered stage two during a 24-hour period on 26 May. The net migration numbers for 2015 (333,000) were released and the government ceased to be supported by the Civil Service as a result of purdah. This momentum then sat with Leave until 16 June when a combination of the murder of the Labour MP Jo Cox and the third and final phase of campaigning got underway, which is set to benefit the status quo and the better organised and funded campaign – in this case Remain.
27 May 16
"Following quiet, low volume overnight trading across the US and Asian markets, London equities are seen following suit at this morning's opening with the FTSE- 100 little changed. Crude-oil prices fell back after climbing above $50/bbl during UK trading, which spurred profit taking in the materials and energy sectors, while utilities, telecommunications and consumer discretionary equities gained modestly as investors repositioned after days of buying riskier stocks. With little other consensus amongst investors, today's principal focus is likely to be on Fed Chairwoman Janet Yellen's speech this afternoon, from which further hints regarding timing and extent of prospective rate hikes will be keenly sought. This follows Powell's anticipation yesterday that such an event should be expected 'fairly soon' and that subsequent moves will proceed at a gradual pace, while the G-7 noted downside risks to the global economy still remained, as it called for major economies to ensure they sustain balanced policy. No other major data releases are anticipated from Europe or the US today, while results or trading statements are only expected to be seen from Bodycote, Caffyns and Conviviality." - Barry Gibb, Research Analyst
Panmure Morning Note 12-05-2016
12 May 16
Pets at Home is a high quality retail business that enjoys a dominant position in an attractive and highly defensive subsector. The company has a 53% share of the advanced nutrition food market, a 36% share of the pet accessories market, operates twice as many stores as its five nearest competitors combined and has been taking share across every single vertical (both in-store and online) since 2009. The stock justifies a premium rating given its defensibility and cash generation; we therefore initiate coverage with a BUY recommendation and a price target of 271p.
N+1 Singer - Morning Song 30-11-2016
30 Nov 16
Sanderson has delivered full year results in line with expectations and the 19 October trading update after a strong finish to the year compensated for a slower start. A healthy level of pre-contracted recurring revenue (50%), incremental sales to existing customers and new customer wins at higher average order values helped deliver solid revenue growth in both the Digital Retail (+9%) and Enterprise (+12%) divisions. A decent order book and good sales momentum suggest that the company is on track to deliver on unchanged profit expectations for the current year. We continue to view the valuation (FY17 EV/EBITDA 8.6x) as undemanding given an attractive combination of accelerating growth potential, strong cash generation and growing dividends.
30 Nov 16
Abzena (ABZA): Interim results indicate happy customers (BUY) | Horizonte Minerals* (HZM): Fund raise completed (CORP) | SacOil* (SAC): Half-year trading statement (CORP) | Revolution Bars (RBG): New openings (BUY) | Amino Technologies* (AMO): Multi operator FUSION roll out (CORP)
N+1 Singer - Marston's - Delivering growth and standing out from the pack
30 Nov 16
Marston’s is our solitary positive stock pick in the sub-sector. Recent finals reflected a year of further strategic, LFL and earnings progress. We believe it is operationally in a strong shape to make further solid progress in FY17, not least as it does not have the acquisition integration or turnaround issues confronting GNK, MAB and RTN. Moreover, it is relatively better positioned to manage the cost headwinds. We forecast 11% TSR returns in FY17 and feel the shares with a 5.5% historical yield and 12% FCF yield (FY17e) are oversold. We are buyers with a revised 12m TP of 150p.
05 Dec 16
These interims show LPEs by is ahead of its plan to recruit 360 LPEs by April 2017 and is making impressive progress in Australia. The statement (and we expect the results presentation) provide considerable evidence of Purplebricks’ progress in building its brand, increasing its LPE footprint, developing its technology, creating engaging marketing and selling properties. We leave our forecasts unchanged. Investor confidence in Purplebricks’ ability to deliver sustainable profitable growth should result in share price appreciation towards a valuation based on its results for the year ended April 2019.