Cvs Share Discussion Threads

[ted32] 16/9/2009 10:50

Hootster.... Thanks for pointing out CVSG. Took your advice and bought a month ago. Cheers!

[hootster] 16/9/2009 09:12

All Buys this Morning Looks like we are Ready for our Next Leg up ;-))


REGARDS

THE HOOT............

[hootster] 15/9/2009 10:18

Wins getting knocked off the Bid.. Someone wants the Stock Bad ;-))
Results Next week and Company have indicated total sales increased
significantly by approximately 23%, with GBP6 million of additional sales
delivered by businesses acquired during the financial year. EBITDA is expected
to be broadly in line with market expectations. The net debt position has
improved since the half year.

IMHO I see that the stock overhang is out the way Morgan Stanley Agressively adding recently and no reason price back to near IPO of £2.05


DYOR


REGARDS

THE HOOT..........

[hootster] 14/9/2009 19:00

ssshhhhh Dont tell Him he will be Over here Like a Rash :-))


Regards


The Hoot........

[hootster] 14/9/2009 11:33

Looks like sizable Delayed trades to come ;-))


Regards

THE HOOT

[hootster] 14/9/2009 10:20

Level 2 Someone Pushing Hard for Stock Can't find any Sellers ;-))


Regards

THE HOOT.....

[hootster] 10/9/2009 15:01

Unusally High Volume Looks Like the Train is Ready to Leave the Station :-))


Best Regards


THE HOOT

[hootster] 09/9/2009 14:52

50K Buy will we see another RNS Morgan Stanley increasing, either way serious buy pre-results ;-)


Regards

The Hoot......

[hootster] 07/9/2009 14:50

Been trying to pick up stock for last few days not that many sellers out there... L2 Looking like it is Ready to Go!!


Regards

The Hoot..

[hootster] 07/9/2009 14:46

Very Quiet obviously not many picked this one up on the Radar Moving Forward Nicely :-)

Morgan Stanley filling their Boots lately and results in next 3 weeks ;-))

Recent Broker revised target price of 195p Still below initial Float.

Nich cash business and Acquisitions funding with own cash.

As always DYOR Etc....


Regards


The Hoot...

[nurdin] 07/9/2009 14:43

Chart starting to look horny here :o)

[hootster] 02/9/2009 14:23

Just had this one brought to my attention, I am reliably informed institution was forced seller and now overhang out the way, reason for sharp mark up recently.

I was also informed that company is performing very well and no reason that you wont see these motoring all the way back up to float price which was £2.05.

DYOR ;-)

BEST REGARDS THE HOOT

[value viper] 27/8/2009 10:14

MS have increased

[serotine] 26/8/2009 12:25

looks like they were dumping at 18p and someone buying at 20p. I bought some more today

[value viper] 26/8/2009 12:10

someone dumping here it seems at 120p; but someone buying on the other side too; perhaps it can go up now ? seller clearing - NRI

[serotine] 28/7/2009 07:36

bought some yesterday - its been a long wait! As Lomax pointed out although their debt looks high they can easily cover the capital repayments/interest over the next 4 years so risk is low. I would have no probs if they did a placing to buy some more good practices in the future although if they can do it out of profits then so much the better. I think its going to be a long, slow, steady upward climb in the share price from now on..

[nurdin] 10/7/2009 12:02

Picked up a few more.Trading statement Tuesday....bet its pretty positive :o)

[lomax99] 18/6/2009 16:01

Some more news on how they intend to cover the Operations Director's departure would also not go amiss!

[lomax99] 18/6/2009 15:59

Very quite on the acquisition front, hopefully we will get some more news before the end of their financial year, which is at the end of this month.

[nurdin] 08/6/2009 11:00

Midas tip made a compelling case for me,so I bought a few this morning.

You just have to look at their last interims to see how cash generative the business is....£5.6m from operations which was 41% up on last year.

I dont think they need to increase their debt to fund acquisitions but it would help to strengthen the balance sheet.

[lomax99] 07/6/2009 11:47

The article above refers to fears over the amount of debt they are carrying, this is not so much a concern to me, more of a frustration!

A recent IC commentary said that the broker suggested that EPS would increase by at least 30% pa for the next three years, that should be achievable with a combination of more acquisitions and margin improvement, and could see adjusted earnings increase steadily to c. £13M by YE 30/6/12.

What will hold the group back is the c. £4M pa they need to make in loan capital repayments, in each of the next financial 3 years (first payment due December 2009). I am not generally an advocate of debt, but the 'virtuous circle' referred to in the article above would be spurred on if that money could be re-directed to earnings enhancing acquisitions.

Indeed, even in the current climate, I would probably be in favour of CVS increasing debt (if that were possible!), or raising more equity (as long as it was not too dilutive!) to provide additional funding (£10-£20M) for their acquisition led growth strategy. In the absense of being able to do this 'Buy and hold' is the right strategy, for those with patience.

[lomax99] 07/6/2009 11:21

Mail on Sunday tip:

MIDAS: Profits poised to soar at vet practice chain By Joanne Hart and Andy Brough
Last updated at 12:14 AM on 07th June 2009
Comments (0) Add to My Stories We claim to be a nation of animal lovers and we certainly spend serious amounts of money on them, making sure they get the right food and pills for good health.

CVS Group is perfectly placed to benefit as it owns and manages vet practices across the UK. Formed with the purpose of creating a nationwide group of vets, it has 60 practices and 167 surgeries as well as a pet cemetery and four diagnostic laboratories.
Originally backed by private equity, CVS joined the Alternative Investment Market in 2007, since when it has delivered muscular growth, both organically and through acquisition. Sales in the year to June 2007 were £39million and this year turnover is expected to be £77million, rising to more than £90million in 2010. Profits in 2007 were £2.3million and should top £6million this year, increasing to at least £8million next.
Time to care: Pets like CVS because it reduces their administrative burden
Yet the share price has not done well. CVS shares floated at 205p and rose to more than 270p last year. Since then, they have fallen back to just 142p. The decline is largely due to concerns about the group's debt position. Capitalised on the stock market at £73million, CVS owes its banks £44million and some analysts worry this is too much.

These fears are almost certainly overdone. CVS generates plenty of cash and is perfectly capable of paying off its debts as they fall due. Customers pay vets immediately so there is little danger of the company running into cashflow problems.

In fact, chief executive Simon Innes and finance director Paul Coxon are sufficiently confident about the company's position that they believe they can continue to acquire practices out of existing cash.

Innes is an experienced operator. He was chief executive of optician group Vision Express from 2000 to 2004, during which time he transformed the company from a lossmaking business to one of the most profitable optician chains in the UK. Coxon, meanwhile, provides a steady hand on the tiller, having spent 19 years in finance and accounting.

CVS is not completely immune from the forces of recession. Some pet owners are grooming their animals less frequently or buying them fewer toys, but they are still extremely focused on pet health, often spending more money on their animals' wellbeing than their own.

Midas verdict: CVS Group still has less than eight per cent of the vet market for small animals but it is keen to grow and is well positioned to do so. Many vets prefer to devote their time to caring for animals rather than worrying about the administrative burdens associated with running a practice. CVS gives them this freedom and is the largest company in its sector. The more it grows, the more profitable it becomes and the more vets want to be a part of it. This virtuous circle has already begun and should gain momentum over the next few years. Also there is always the possibility of bid interest from overseas. Buy and hold.

[u813061] 01/5/2009 11:58

Nice bit of stakebuilding going on.