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PVG Premier Veterinary Group Plc

34.50
0.00 (0.00%)
Last Updated: 00:00:00
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 301 to 322 of 1025 messages
Chat Pages: Latest  17  16  15  14  13  12  11  10  9  8  7  6  Older
DateSubjectAuthorDiscuss
10/8/2016
17:10
HYDRUS - Agreed not all the 10,000 odd American vets may sign up to the plans. Looking at the link from a few days ago we read one UK vet was selling 15 plans a week. It's clear from the accounts that the average vet who sells PVG'S plans sells just 1.4 per week. From that we can deduce that within PVG'S 442 vets in the UK selling the plans their is some dead wood. I would have thought PVG will be signing up more large contracts in the states and around the world as they grow. If they sign up another 10,000 within the next year or two then targets become easier to reach. It must also been remembered that at this stage in the companies growth to double turnover next year only requires about 64,000 new plans from the states.

TOTAL SALES TARGET 150,000 NEW PLANS FOR 2016 - 2017

REST OF THE WORLD SALES TARGET 86,000 2016 - 2017

USA TARGET 64,000 : 2016 - 2017

USA 9600 hospitals / clinics

PLANS REQUIRED TO BE SOLD

10% take up rate 2016 - 2017 USA

1,000 @ 10 a year 10,000
1,000 @ 25 a year 25,000
1,000 @ 50 a year 50,000
1,000 @ 75 a year 75,000
-------------------------------------

25% take up rate 2016 - 2017 USA

2,500 @ 10 a year 25,000
2,500 @ 25 a year 62,000
2,500 @ 50 a year 122,000
2,500 @ 75 a year 186,000

------------------------------

100% TAKE UP RATE 2016 - 2017 NOT GOING TO HAPPEN.

1 per year 9600
10 per year 96,000
15 per year 134,000
20 per year 192,000
25 per year 198,000
50 per year 392,000
75 per year 580,000


If PVG sign up 10% of the US vets and they sell the plans at the same ratio as those in the UK and Europe then next years target can be achieved. After that one would hope that penetration rates would have gone well past 10% and new contracts would have been won to enable growth to continue. 600 vets from the first American contract signed on 2nd June are expected to produce 200,000 plans within five years. 100 vets in the Netherlands have sold 10,000 plans to date so we might even get my target from the small US contract in not much more than a years time. 60,000. 🌻🌻 looking good in the garden tonight.

pet lover
10/8/2016
12:36
Petlover one area to be a little cautious of is perhaps number of vets signed up. Clearly PVG have access to 10,000 odd vets through the massive distributor contracts but what we don't know yet is what that actually means in terms of vets signing up to the pet plans. I imagine it will still be up to the vets to decide whether they want to run with the programme or not. I would hope a large number of them do sign up over time as the benefits are so clear and the distributors will be pushing them hard for reasons discussed. One things for sure the contracts will result in a much faster adoption than if PVG were having to go to each vet themselves directly. Perhaps we will see further contracts in future directly with vet chains also.
hydrus
10/8/2016
11:50
I should point out BOO get all the cash from a sale on the day the sale is made.PVG only get 1/12th of the sale price on day 1 the rest in equal amounts over the following 11 months.That results in a cashflow drag for PVG. The flip side is that PVG keep pulling in the cash each month for years and years from that one sale. BOO has to not only find customers to replace its last sale but another 30% more each year.
pet lover
10/8/2016
11:32
Lunch Hour 🍴.

I have been sent a report on BOO results yesterday from a mate of mine who is a fan of them.BOO sell fashion on the Internet to youngsters they are growing sales at 40%
////////////////////////////////////////////////////////////////////////////////////////////////

# One of the reasons for the incredible share price surge is that boohoo offers investors something which seems terribly difficult to find right now: organic growth.

Without the need to acquire other businesses or leverage up, boohoo has been able to use internally generated profit to ramp up its marketing spend and its stock turnover in a virtuous cycle of accelerated growth.

Sales increased by 27% and 39% in FY 2015 and FY 2016, respectively, and the company has guided this morning that it believes sales growth for FY 2017 (the year ending February) will be in the range of 28%-33% (previous guidance was 25%-30%).

That will push sales into a £250 million-£260 million range. Going on past margins, that would generate a gross profit of around £150 million and it will then be a question of how much operational leverage can be generated through the achievement of relatively fixed costs.

Today’s statement is bullish on that front, saying that operational leverage will result in improved EBITDA margins.

If marketing and other expenses did not increase against last year, then about £50 million of operating profit would be left over. Interest is negligible, so pre-tax profit would be around that level.

Marketing expenses are the great imponderable with this business, however: it needs to spend a lot on marketing to seize market share and to build the power of its own brands.

Brokers are currently anticipating that after increased costs, c. £21 million of pre-tax profit will be left. But I expect that they will need to revise these forecasts materially higher after today’s statement.

It feels strange to say this for a company on a trailing PE ratio of 72, but I suspect that boohoo is not wildly overpriced at this level.

Given today’s update, perhaps it can generate, on an after-tax basis, something closer to £20 million in profits this year.#

////////////////////////////////////////////////////////////////////////////////////////////////

The reporter points out that even at this price BOO shares might be good value at £800M market cap for £20M of profit this year. It's its perceived growth rate in the next few years that is still attracting investors at today's sky high price. The hound and I don't want to buy stocks in companies like BOO after the growth rate has been spotted by the wider market hundreds of fund managers and the lady next door. BOO and PVG have a few things in common and a few that are not. Both have the attraction of very fast organic growth.Both have markets for their products. They are also proven although PVG is reinvesting its cash this current year at the expense of any profit. PVG have one edge over BOO by way of its recurring revenues.BOO has nothing to fall back on if they hit a sales blip over a period of a few months. PVG is valued at £20M today but it's growth trajectory over the next five years could see it make £20M of profits in five years time. Those profits could be a great deal more stable than any BOO ever produce.Margins are 97% on PVG'S pet plans BOO'S are 60% of sales. Is it pie in the sky to think PVG could be worth £800M.? In short no I don't think it is. 10,000 vets signed to date selling 1.4 plans a week each @20.00 a time is £60M in sales by year 4. Year 5 only gets a third of the income the rest goes into year 6. Total after 5 years is £65M in sales. That would leave £45 million for other costs.This assumes no more vets are signed up which to be frank is silly. Forecasting is terribly difficult at the best of times and five weeks is a long time let alone 5 years. Since sales growth at PVG is running at around 100% a year and might increase on that shareholders might start to be rewarded sooner rather than later. Any share price that doubles in five years is paying you 20% a year a terribly good return. At £800M market cap in five years you could beat that no less than 38 times. Now theirs a thought.Time for ☕️ then back to work.

pet lover
09/8/2016
20:42
Thanks ginger.
In the article she mentions signing up new plans at a rate of 15 per week. Obviously some practices will have more success than others but it could make some of pet lovers predictions in #291 look conservative.

homebrewruss
09/8/2016
08:40
Totally agree Hydrus, will have a look at their website as well.Found this case study about PVA, we are mentioned in the Welwyn practice. She sum's up our product and gives a great sales pitch. PVG have trained her well.Link belowhttp://spvs.org.uk/wp-content/uploads/2015/11/Issue-6-12-14-Pet-Health-Plans.pdf
ginger_ninja1
08/8/2016
19:42
Banfield is a very large private veterinary chain in the USA with hundreds of practices. Look at their homepage to see how prominently they are pushing their pet wellness plans. Clearly an absolute cornerstone of their business plan. Worth checking out the FAQ section.http://www.banfield.comRemember that vets are professionals who actually care about the welfare of the pets they see as that's why most of them became vets in the first place. BUT they also need to make a good living. That's why wellness plans are so great. They ensure the pets are healthy and they provide regular visible income to the practice, plus customers who are linked to a practice through a wellness plan are very likely to go there should their pet need surgery etc. Long term benefits for the practice. PVG are helping independent veterinary practices compete with the big chains like banfield by setting up their own wellness plans. Plus, PVG are helping chains who don't want to start from scratch do it also. More recently, they are linking in with massive pet product distributors as its a win for them too, helping shift more vaccines. It's all about how quickly they can get vets and pets signed up now but they are really doing very well to date so I'm confident.
hydrus
06/8/2016
00:10
Biggles, see my post #295
homebrewruss
05/8/2016
14:00
Pets at home great results - optimistic here anyone know when to expect latest update from company??
bigglesbingham
01/8/2016
11:27
Agree ginger-ninja1 and bigglesbingham. Great news that Company the size of Zoetis can see the benefits of being associated with PVA's Premier Pet Care Plans. Just under a year ago Zoetis launched their new Versican Plus Vaccine in the UK and Europe. This offers more disease coverage in one vaccination than any previous puppy vaccine. Definitely will be an additional point of interest for Vets selling the Care Plans.
the dogsbody
01/8/2016
10:48
Cracking news, surprised this hasn't ticked up today.
ginger_ninja1
01/8/2016
10:35
Excellent news again , targeting distributors is a superb way of accelerating the sales.
bigglesbingham
29/7/2016
07:56
looks like a growth share.
ten bag man
25/7/2016
08:52
Thanks homebrew.It would be interesting to get an update at some point although in terms of actual trading, revenue for this year will be low. As the new contracts kick in though over the next few months I would expect to see a very significant increase in pets signed up which will be what drives revenue in future years.
hydrus
20/7/2016
08:21
Hydrus, yes I also saw that the other day on ITV4 or one of the other 'lesser' channels.

I made brief contact with the company the other day asking when the next trading update might be and they said there will be the standard final results update in January but a decision has not yet been made as to whether there will be another trading update between now and then.
That of course ignores any other contract or other regulatory news they need to release between now and then.

homebrewruss
19/7/2016
20:58
I noticed a TV advert tonight for Vets4Pets who I believe are owned by Pets at Home and have around 100 practices. The advert was for their preventative pet care plans. Can only be good for PVG as although it's competition it will just push small practices towards pet plan offerings to enable them to compete.
hydrus
09/7/2016
08:29
Haha I'll even drive him
ginger_ninja1
08/7/2016
13:28
Ginger. Mr Clayron should jump on his 🚴🏼🚴🏼 and get down to PVG "S office then.

From: Bristol BS2 9AG, UK
To: Bristol BS1 5HL, UK
Distance: 2.5 miles (show in km)
Time: 11 minutes
Reverse this route | Plan a new route

He might be ecstatic given what he likes in a company.He don't like debt. He is after big margins. He gets a large return on assets.My favourite recurring revenues and soon to be serious cash generation. 💷💷

pet lover
08/7/2016
10:11
Ramble from the hound and myself a bit bored waiting for a delivery of grub for him. Today my last day off a stab in the dark on the number of Pet Plans that might be sold in the year starting October 16 - 17. My initial thoughts were 150,000 taking the total by September 17 to 300,000. On reflection this may now be way off the mark. A breakdown might look like this. UK 40,000 same as this year. The Netherlands 18,000 France 10,000 ROI 5,000 Nordic 10,000.Europe others not yet signed 5,000. Total so far 88,000 out of 150,000. 62,000 additional plans required. Now the USA. Last weeks contract. PVG CEO Dominic Tonner said: "I am delighted to announce this deal with one of the oldest and most respected distributors in the southeastern United States. "The agreement will very significantly enhance growth and market share".This is in addition to the 600 USA vet contract 4 weeks ago.How quickly can these two contracts gear themselves up to sell in volume.The 42 reps from the recent contract and other staff will need to watch a short film to get the hang of the product,a team of trainers also needs to be appointed.Its not rocket science I would have thought a heap of FAQ should clear up most issues. One guide to base some assumptions on is when PVG entered Europe in 2014.No plans had been sold in Europe in 2013.From a standing start 58 vets were signed during the year who sold 3,000 plans. We don't know which month the various vets were signed up but they would have been spread across the 12 months. The upshot being each vet on average sold one per week.In America PVG now have 9,600 outlets and at one per week they might produce 480,000 in 2016 - 2017. For PVG to produce 100% year on year worldwide growth of a total of 300,000 by September 2017, just 62,000 plans are required from America. It now seems a distinct possibility that if PVG and their new partners get their skates on total worldwide plan numbers could exceed 300,000 in 16 - 17 by a considerable margin.🚀 8640;
The hound and I don't want to get ahead of ourselves plan growth compounding at 100% for five years is quite enough for now. Still waiting for some guidance from the new broker.✍

pet lover
07/7/2016
12:03
Came across this article from HL. It talks about share selection and I think he perfectly describes PVG as a company that should be invested in. Let's hope people follow the criteria and find PVG and buy buy buy.

Link to article below.

ginger_ninja1
05/7/2016
12:12
No guessing required on that its 97%. PVG then have to deduct all the other costs of running and growing the business. These include the LSE listing head office and field staff.The listing costs fall as a percentage of the overhead as more plans are sold.The same applies to directors pay.Today they are both high in relation to current income.The field and head office cost will increase with growth that I estermate runs about 6 to 12 months ahead of income.Extra training staff are required on the ground to teach the vet staff how to sell the plans.Mr Market understands this as although instant profits might not show the rate of increase in the recurring revenues certainly will.Any valuation of the company takes this into account.Amazon makes wafer thin profits as it pumps cash back in to put a stranglehold on the competition.One obvious way to keep a grip on the expansion wage bill is to pay a large part of their salary in the form of commission.Wages being the largest overhead. The real effort and expense cost of the last mile is down to the clinic not PVG. The clinic is rewarded with more recurring income bonding to its client and through that extra sales of other services and products.
pet lover
05/7/2016
08:38
Thanks pet lover I'm now well loaded with these and very excited about the prospects.
Does anyone have a guess at how much of the £20-£18 per plan would be profit for PVG?

homebrewruss
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