4 cheap UK shares to buy under £4

I’m searching for the best-value stocks to buy for my shares portfolio today. These four cheap UK shares might be too good to miss, in my opinion.

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

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I dont think investors like me need to spend a fortune to build a five-star stocks portfolio. Let me give you a flavour of some top, dirt-cheap UK shares I’m considering buying today.

#1: Pets at Home

Pets at Home is a great example of brilliant shares that can be bought without a premium rating. At 469p, the animalcare retailer trades on a forward price-to-earnings growth (PEG) ratio of just 0.5. A reading below 1 suggests that a share could be undervalued by the market.

Pets at Home is a one-stop shop for everything your furry friend might need. It has a market-leading position and has boosted its offering with expansion into vet services in recent years. Despite the problem of intense competition, I’m expecting it to thrive as the broader animalcare market takes off. Mordor Intelligence thinks the British petcare industry will grow at an annualised rate of 4.5% over the next five years.

#2: STV Group

The strong turnaround in advertising spending is powering the sales recovery over at STV Group. Revenues at the broadcaster rocketed 35% in the first six months of 2021. And, pleasingly, the post-coronavirus spike is expected to continue into next year, driven in large part by the video-on-demand (VoD) sector. Statista reckons spending here will soar 13.9% in 2022.

STV has spent large sums bulking up its VoD proposition in recent years, putting it in the box seat to exploit this upsurge. I also think the huge investment in its STV Player will help deliver long-term growth. However, it may need to paddle hard to beat off the competition posed by US streaming giants like Netflix and Amazon’s Prime platform. STV shares go for 315p a pop.

#3: Primary Health Properties

I’m also thinking of adding Primary Health Properties to my portfolio to add a bit of muscle. This UK share invests in and operates primary healthcare facilities across the country. So while it exposes investors to acquisition risks like disappointing returns and unexpected costs, I think the defensive nature of its operations make it worthy of serious attention.

I’d also buy Primary Health Properties because of its above-average dividend yield. At 152p per share, the yield sits at a meaty 4%.

#4: Tyman

I think door and window parts manufacturer Tyman could experience strong profits growth over the next decade. Rising population levels mean that housebuilding activity will inevitably continue to climb, fuelling demand for Tyman’s products. Like-for-like revenues at the firm shot 10% higher between January and June, versus the same period in 2019.

I also like this cheap UK share because its broad geographic footprint helps insulate profits at group level from tough trading conditions in one or two markets. I think Tyman’s a top bargain buy, despite the problem of severe cost inflation and supply chain strains. At 388p, it trades on a forward PEG ratio of just 0.7.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be considered so you should consider taking independent financial advice.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Amazon and Primary Health Properties. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

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