|Premier Vet Grp
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Premier Vet Grp Share Discussion Threads
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|We might, but they seem to bang results out the door fast so if not,by mid June I would have thought.
The buying group sale should also have gone through by then I hope.|
|Great cheers PL I wonder if we will get an update on pet plan numbers in early April.|
|Premier Pet Care Plan
2 hrs ·
Great week with Rick Heimendinger! Several clinics on board with the Premier team!!!
From PVG America Facebook.|
|Thanks for the graphic pet lover.
You can see why they need to increase the staff this year, they currently have staff covering a number of states each.
Looks like they are already up to 13 staff if not more from the 11 the reported on the day of the AGM.|
All we know for sure is the numbers from the last RNS.
1,000 by December 2016 had been sold and I am looking for at least a 200% rise 1/4 on 1/4 and with luck nearer a total of 5,000 in total by 31/03/17.
That might be over ambitious though as the increase in staff numbers to drive growth is only about to materialise in the next few months.
|Any info / estimates on American sales to date petlover?|
|Well it won't be the institutions that bought at that price. Maybe some late declarations of those that sold as part of the placing of those shares?|
|Earlier in the week? Advfn today is showing some meaty sales at 225p.|
|Au contraire Lomax! I loaded up this week with more at 238p region while that was available (and still is of course).|
|Some semi-decent offloading going on, anyone want to 'fess up'? They certainly cannot relate to the recent Director share sales as they all went through at par.
There will be a lot of focus on US plan growth numbers, Invesco's recent forecasts should have provided some assurance to those who bought in the Director's share sale.|
|RNS holding out
440,000 of these shares are held for a unit trust operated
by Marlborough Fund Managers Ltd, for whom Hargreave
Hale Ltd manages the investments on a discretionary
basis. The remaining shares are held on behalf of other
|Spread appears to be back, wonder if yesterday's tightening was a blip|
|I'm surprised the spread has tightened so much and the share price not gone up further. Perhaps not all of the shares sold by the directors have gone directly to institutions but some onto the open market to increase liquidity. Or the institutions only ever planned on holding a subset of the shares and selling a few to increase liquidity:
'Following interest in the Company from a number of institutional investors, and with the aim of increasing the liquidity of the Company's shares'|
|Ok thanks sounds reasonable.|
|I don't think they have huge competition (hence the big land grab) apart from smaller vets who have their own inhouse plans and personally think the barriers to entry will be pretty high. Most vets won't be interested in saving a few quid when they already have increased sales and pet visits and cashflow cos of these pet plans. The wholesalers are already onboard cos of huge increased volumes.
I'd think there's more a chance of PVG getting taken over if they get any kind of monopoly due to their low market cap even if they doubled/tripled from here .|
|What I dont know is what competition they have and what are the barriers to entry?|
|Thanks, nurdin. I'll try and stop buying but I'm struggling to get my head around a measly £33 million valuation for what seems a huge opportunity in the US.|
|An interesting stock mitie,thanks.Havent looked at all the details yet but seems to me it is set to have stonking top line growth going forward.Meaningful profits are a bit far away but I know from experience that market is generally sanguine about short term profits in growth stocks, as long as revenues are accelerating, which they are in this case.
The share price has shot up quite a bit (presumably after the announcement of entry into the US market) so guess I will have to bide my time to get a decent entry price. So stop buying until I have ! :o)
Addendum : I note that the stock is capitalised at just 3.6x 2018 forecast revenues.That is cheap imo.The forecast will no doubt be revised upwards as the business gains traction,specially in the USA .|
|Yep if no updates then the shares will be fed into the market at around 237 making the institutions 5% and increasing liquidity. Not good for existing holders over short term. But it puts a firm downside at 225 so those who have been in for reasonable time will be comfortable that they don't have to sell their holding to secure profit as the 225 effectively does this. Hope above makes sense. I still expect an update this week , I wonder if institutions had an idea of total sales to date in states prior to investing as it's so important to the future of the business and justification of £2.25 per share, it would be nice if we were privy to this too.|
|Yes, bones, clearly a big seller at 2.40. I'd imagine, as you suggest, there will be some sellers from the placing to get through before we can move up in the absence of news.|
|Buying price is £2.40 not selling price|
|Someone is unloading at 5k a clip at 240p, maybe a new 225p investor skimming off the top perhaps? Whatever the case, once 240p goes, it could be plain sailing up.|