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Dividend
The Board has recommended a final dividend of 7.5 pence per share, an increase of 36% on the prior year.
This takes the total dividend for the year to 11.8 pence per share, an increase of 48% on the prior year, reflecting our strong cash performance and balance sheet.
The final dividend will be payable on 12 July 2022 to shareholders on the register at the close of trading on 16 June 2022
14th June - Last Day to buy to get the dividend - buy before close of trading
15th June - Ex Dividend Day
16th June - Registrar Day of those Holding at close on 14th June
12th July - Dividend Pay Day
Eleonora Dani, analyst at Shore Capital, said:
"As we continue to believe that [Pets at Home's] valuation does not reflect the underlying quality of the business, we reiterate our 'buy' recommendation.
Strong balance sheet with net cash (excluding lease liabilities) of £66.0m and intending to launch a 12 month share
buyback programme of up to £50m - Final dividend per share of 7.5p,
We anticipate that FY23 Group underlying pre-tax profit, excluding the impact of the accounting policy change in relation to IAS38 Intangible Assets3, will be in line with analyst consensus, which is currently £151m, with a range of £146m to £157m.
Including the impact of this accounting policy change, we currently anticipate that FY23 Group underlying pre-tax profit
will be £131m, compared to £126.4m for FY22 on a 52-week basis.
Bang. Already we hit £3.00.
Now the question is how high can it go? And hold?
RNS still not published on the London Stock Ex! Market visibility won’t be good. This site stated that the results were out yesterday.
Those results are very strong. The outlook ahead for the next year reads really well too. Should be pushing back over 300p today!
Wow, strong results. Turnover £1.32 billion with a clear plan to achieve £2.3 billion.
Yes,
Looks like we're in positive territory at the open and that 7.5p divi will come in handy
UK's Pets at Home full-year profit jumps 65%
Pets at Home PETSP.L , Britain's largest
pet supplies retailer, reported a 65.3% jump in annual profit on
Wednesday, helped by solid demand for its pet products and
veterinary services.
The pet care retailer, which has more than 450 stores, said
its group underlying profit before tax came in at 144.7 million
pounds ($181.34 million) for the year ended March 31, ahead of a
company-complied consensus of 141 million pounds.
https://twitter.com/surprised_trade/status/1529349757507883010
excellent results , Record customer acquisition to accelerate future growth in market share,
free cash flow of £95.0m, up 40.9% , Final dividend per share of 7.5p, an increase of 36%
Don’t know where the RNS is! Not here or on the London Stock Ex, at the time of typing, but great results and a final div of 7.5p.
It’s very difficult to know how the FY results will be received in this market. Take two FTSE250 examples last week, PFD was up 15% and RMG down 15% on FY results.
We should hit top end of the profit guidance. The key points which will determine the direction of the SP are the forward guidances and potential impact on inflation, supply chains etc. PETS have done some great work on mitigating these additional costs so good luck for tomorrow all.
Took a chance on 2 lots of 1000 today with an average of £2-79 and if tomorrow's numbers come in as expected, that price will be a very fair one.
Agreed Krgesu. I have a friend who bred their dog and had a litter of six during lockdown. The pups fetched £1500 each and went within hours of posting. Dogs aren’t cheap to keep and these owners will continue to spend for the next 5-10 years for these animals.
I think the sheer amount of pets that people bought over the pandemic will drive the profits forward for the next 5 years.
No worries. Wanted to try get some forecasting off/DCF but was short of time. Let me know if you guys have trouble accessing the spreadsheet etc.
Widely reported that PETS had exceptional growth during the pandemic the worry now is can they maintain the growth. I would expect forecast to predict flat growth and poss small decline in profit as the rise in costs continue.
I gather we will know soon enough - like tomorrow - whose tail we are chasing, a bull or a bear.
Not looking great today for the run up to the results. So annoying.
That’s a brilliant thread Cirl. Thanks for sharing. Overall it has to be bullish from me on the company. They are net cash and I take a view that pet care will rank highly in a families household budget during a cost of living crisis.
Bull & Bear case on PETS.
Have a read, wonder around the excel spreadsheet & play about with the numbers. Admin for the past 7 years done.
https://twitter.com/CirlBunt1ng/status/1528908169346527233?s=20&t=kdY-UbiPBMpSdHUu7Ipnwg
I agree with you Tony. PETS offers high quality pet food, well trained and knowledgeable staff plus a trusted VETS service. Those customers who are retired with inflation linked income will remain loyal, putting PETS in a stronger position.
25th May 2022 are PETS next results - already confirmed eps 22p x very conservative p/e ratio 15 = 330p
5 trading days to go before results!
Pets found it bottom, when cost of living goes up this winter, people shopping for accessories in home bargains, pets be eaten basic, never Mind folk long Term share.