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PVG Premier Veterinary Group Plc

34.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Premier Veterinary Group Plc LSE:PVG London Ordinary Share GB00BSZLMS59 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 34.50 32.00 37.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Premier Veterinary Share Discussion Threads

Showing 251 to 274 of 1025 messages
Chat Pages: Latest  17  16  15  14  13  12  11  10  9  8  7  6  Older
DateSubjectAuthorDiscuss
28/6/2016
07:10
Just had a ADVFN NEWS Bing. The hound runs to the front door. What a week to take off work. 9,000 new clinics.🌞27774;
I thought they might pick up 5 or 10 a week state side. I look a bit stupid now after posting that a few weeks ago.I thought growth off 100% P/A on the back of PVG'S recurring revenues was as good as it gets. Clearly I was wrong on that count as well. This contract must bring PVG to the attention of the institutions both in the UK and the States.No longer just the few here and the odd line in the Daily Mail.The pricing would have been done weeks ago long before the pound plunged on Friday so can we can add another10% onto margins.?

pet lover
28/6/2016
06:28
I'll need to rethink my projections but roughly, in 5 years time they should have minimum of 250 pets signed up per practice. They have about 10,800 practices signed up I think. They get roughly £18 per vet.That's £49m revenue. It's very high margin revenue so profits will be a high proportion of that. I think we are talking profits in the tens of millions at that stage. Clearly over first couple of years of such a large contract there will be extra costs but using the 42 strong sales team at the 9000 chain practice will mean we don't have to go too nuts with extra staff.
hydrus
28/6/2016
06:17
Well that's the company maker right there then. Forget previous projections as they have just multiplied their hospital base by a factor of 7 or so. Incredible.
hydrus
28/6/2016
06:16
With a company with 42 incumbent sales staff too!!! Looking good
bigglesbingham
28/6/2016
06:15
I'm rubbing my eyes here - did I just read an agreement with 9000 hospitals?!
hydrus
27/6/2016
14:02
Good posts PetLover, are you a salesman in the real world? I'm really happy with PVG, they're covering all of my losses within my portfolio after the news this week and I'm still in the black. Roll on next year I say!
ginger_ninja1
26/6/2016
18:58
Pet lover - thanks for your reply, tempted to add a few more.....
lomax99
26/6/2016
12:56
Lomax99.

Good question I've done my best to work it out more than once. Originally I thought it was about £24.00 then the notes in the accounts stated billings were inclusive of VAT @20%. That lowered the amount to £20.00.To work it out you have to count the number of plans sold at year end .Then note how many new plans sold each month 1/12th for each month and deduct the income from the buying group. The accounts give you total revenues.I came up with £20.00 They also have a churn rate of 3% that number is found on the sales example on their internet pages.I would bet it's within 5% of that £19 - £21.The vast majority of the income goes to the vet each month with PVG getting a small commission.The vet does the selling of the plans and is rewarded with recurring revenues and client bonding to the practice. Revenues take a long time to build up as the month the plan is sold its not £20.00 in the bank to PVG its only 1/12th of that. The reason revenues are currently so low. The magic comes further down the line as the overhead cost base falls as a percentage of total revenue. Growth is running at 100% Per year. PVG had 31,000 plans running as of March 2014 that should hit a cool 150,000 by this September. CVS is a group of 230 UK vets listed on the market has got around 800 of their own in house plans per practice.That company has been exceptional good at selling these plans to the pet owning public.Get a copy of the their annual report and you instantly see just why they want every client on the plan. Help that gives you a better understanding.

pet lover
26/6/2016
11:15
Any idea approx. how much of the income from each plan sold does PVG retain? Thanks.
lomax99
26/6/2016
07:28
Lovely to get up on a Sunday knowing you don't have to go to work for two weeks.🌞774;
No yield here I am afraid.I was down at the coast a few weeks back hot day crowds 3 deep on the pavement all waiting to buy ice creams.For a few hours the cash tills we're bringing in hundreds of pounds at fat margins.Sunday bought rain and it was dead.The ice cream mans dream of a fabulous weekend of sales was over.The pubs in town no longer had anyone in the beer gardens.
The hound and I want growth high margins and recurring revenues.Software companies can give you those qualities but at a price.Rightmove can do the same again at a price.PVG are currently selling over 1,000 Pet plans a week the only constraint being the number of sales outlets namely vet clinics. The more outlets the more plans can be sold.Its a simple numbers game.All that is required is a smart sales / training team Its not rocket science. It's a proven scaleable model. GFRD is a share your looking to buy so I've had a quick look at it and it's sector.These are my conclusions.The market has been fabulous for the last few years as house price inflation cheap land and very low interest rates all worked in your favour.It has proved to be the best sector to have been invested in.Builders have had growth in numbers built and profits has been spectacular. The builders fell like a stone on Friday when the city realised all of those pillars could be about to crumble.Its a stright punt if they do or not.I personally can't think of a more dangerous stock to invest in.That is not to say I am right.its just not for me.If things turn nasty companies with growing recurring revenues will be in big demand.Companies that have to make the next sale each week have only one choice at the end of the day and that's lowering the price.When your competition is doing the same it hurts and some will go to the wall.
More on PVG.A few weeks ago the company won a big contract to sell Pet Plans in the USA.If the exchange rate stays the same as today the margin from that contract will have jumped as the pound slumped on Friday. The lower pound falls right into the lap of any British exporter of goods or services.🌞🌞

pet lover
26/6/2016
01:13
Thank you pet lover, You make a good case & are certainly passionate! Perhaps someone could accuse you of being "in love with the company"? Never a good thing I have been told. Still I am currently seriously considering PVG, GFRD (high yield and been knocked back a lot of the last few weeks) and another company that is a risk compared to PVG & GFRD. Will be watching next week with great interest.
lauders
25/6/2016
16:52
And the bonus is they have got rid of the idiot - ian Ross who ruined AKT. My opinion only.
bigglesbingham
24/6/2016
00:25
Thank you for your reply Hydrus. I was expecting you or Pet Lover to reply and so am not surprised you answered. I have been following the posts here for some time and never had sufficient funds to make a meaningful (to me anyway) investment, however I sold some shares in a company the other day and now have some funds and am looking where to diversify a bit more. I know people LOVE their pets and so hence the two options. I don't really know CVSG that well, compared to my reading of company matters here, and so was just seeing whether anyone had any useful comparisons. Appreciate your reply!
lauders
23/6/2016
16:34
You have summarised the high level difference between the companies. PVG is a small but growing company with possibility of rapid growth and CVSG is established larger company but also growing. They do very different things of course. I recommend you read the posts on here going back to the start of the thread and consider PVG and CVSG in isolation as I don't believe they are comparable and thus not sure why it would need to be one or the other.
hydrus
23/6/2016
16:05
Am interested in possibly taking a position in PVG or CVSG. Since I am sure that there are holders in both or holders here have done their research I was wondering what thoughts are on both please. I see PVG are loss making and don't pay a dividend while CVSG make a profit and pay a dividend once a year.

Need to do more research myself but this is a start. The RNS announcements here look positive and there are some passionate holders with a positive long term stance here.

lauders
15/6/2016
15:10
We should get the quarterly update on plan numbers next week.
hydrus
14/6/2016
10:18
Italy won't be far behind they just love there dogs and cats.
hibberts
10/6/2016
11:57
PVG might be onto a winner in France.Had a quick google about the French dog stats. There are around 17 dogs to every 100 people in France, one of the highest ratios in the world, and an unofficial dog population of some 10m (over 500,000 in Paris alone). Around 40 per cent of French people list their dogs as the most important thing in their lives (even more important than their lovers!) and the French spend some €3 billion on them annually; there's at least one 'poodle-parlour' ( salon de toilettage) in every town and there's even a canine pâtisserie in Paris, called unimaginatively 'Mon Bon Chien', where pampered pooches can be kitted out with haute couture clothing as well as treated to haute cuisine 'cakes'.
ginger_ninja1
09/6/2016
16:58
Home and hot. More action at PVG in the last few weeks than most companies have in a year.Director selling is often perceived as a sign something is amiss at the company in question. It seldom inspires confidence. PVG director holdings stood at about 80% and is now only a tad lower after the 250,000 sold by them in the last day or two. It will be interesting to see where those shares have gone. Today we learn France is the next market to be entered for rapid expansion. The hound and i have always thought this company is going in the right direction now I am utterly convinced it is. Only one problem with that though the hound and I seem to be the only ones to acknowledge PVG'S prospects. Time for a cool 🍺🍺or two.
pet lover
09/6/2016
15:04
Cracking news today, if the share price moves 10% with every contract announcement I'm going to be a rich man. Keep them coming PVG.
ginger_ninja1
04/6/2016
08:39
Walk done the hound has been after 🐇🐇far to slow to catch one.
:VPI has run wellness programs in the past, but PVA is the first to come to us with a model that delivers a product-led program with a comprehensive support package and delivering an end-to-end solution. We are a veterinarian and product driven distributor with very efficient delivery systems.:
I've had a chance to think about this quote in bed last night.We all know that PVG has great success in selling the Pet Health Plans though vet practices.Now the other side of the coin how does a drug / flea powder / vaccine distributor lift year on year sales. That is not so easy just holding margins and turnover level requires heaps of effort or your market share is desermated by rivals. What if you partnered with PVG who could increace sales at no extra cost while at the same time holding margins. PVG "S pet health plan increases compliance rates producing more healthy pets.These types of partnerships share the gain 4 ways. The pet is the real winner next comes the pets owner followed by the distributor and finally PVG. Salesmanship is usually hard work all round but I just don't see it here. Turned on its head is their a case for other companies like VPI to come knocking on PVG'S door looking for a solution to grow sales where a trusted third party does the work for you.I've come to the conclusion rightly or wrongly that growth might be even faster in years two to five rather than tailing off from 100%.



Why does vaccination compliance fall off dramatically between puppyhood and a two year old?
by Johnsheridan on January 9, 2014
The latest figures from the MAI report from AT Systems, indicate that in the UK, 78.8% of puppies and 58.1% of kittens are up to date with the recommended vaccination programme but that the numbers fall off dramatically to 58.4% and 47.9% respectively, two years later. Why does it happen? Well it is clearly an issue of poor compliance with professional advice. The first question is why? If anyone is to blame, is it the client or the practice? This is a major business management problem for practice and I was delighted to have an opportunity of talking to Andrew Carter, Head of Client and Member Services at the Premier Vet Alliance during the London Vet Show.

pet lover
03/6/2016
20:21
Agreed about not being able to link plans to revenue but investors (including some 'professionals') will look on this BB. There is some good research here, much of it by you. The company is making very good progress. It might take a move into profits to really get interest going. Alternatively, continued news flow from the USA is likely to spark some fund interest in my view. Who knows, it may already have started. If they sign up thousands of clinic I can see them becoming a bid target for American veterinary supply companies.
hydrus
03/6/2016
19:30
The yanks call them hospitals in the UK we call them Veterinary clinics.
pet lover
03/6/2016
19:22
HYDRUS it might take time for yesterday's news to sink in. Where would any would be investor be able to make a link between pet hospitals signed up,plans that might be sold and possible profits. I just don't think that can be obtained within the market right now.America was launched less than one month ago and those two new sales directors have managed to double PVG'S sales base.I am still pinching myself this contract can now simply be handed over to training agents with an overall contract manager. These two new sales directors have instantly proved themselves.Just how many new contracts could be won in the next 12 months in the US. In theory it could be another 3,000 hospitals. The trainers can't be that hard to hire the yanks are very motivated so rapid expansion looks to be achievable.PVG'S business model is so very simple as soon as the vet hospital is signed up its game on.🐶🐶;
pet lover
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