Cvs Share Discussion Threads

[ariane] 18/2/2022 07:50

(MT Newswires) -- The UK Competition and Markets Authority is initiating an in-depth investigation into CVS Group's (CVSG.L) acquisition of Quality Pet Care, also known as The Vet.

The move follows a phase 1 investigation into the deal, which was found to raise competition concerns in five local areas in the UK, according to a Friday filing. The locations are Bristol, Nottingham, Portsmouth, Southampton and Warrington. CVS has five working days to address the concerns.

CVS shares were down almost 1% at Thursday's close.

Price (GBP): £1874.00, Change: £-10.00, Percent Change: -0.53%

[waldron] 18/2/2022 07:27

Outlook

The board of CVS remains confident in the future growth prospects of the Group and will provide further detail on current trading and the outlook for the full year when it publishes the Group's interim financial results for the six month period ended 31 December 2021 on 24 March 2022.

[robertball] 18/2/2022 07:25

Yes but 43% held by a few large groups

[robertball] 18/2/2022 07:18

Referring of an 8 practice takeover by the CMA?no more consolidation. Imho

[km18] 15/2/2022 18:25

...from last year....


Company overview:CVSG is one of the largest integrated veterinary services providers in UK with more than 480 surgeries in UK, Netherlands, and Ireland, four laboratories and seven pet crematoria. The company operates Animal Direct, which is an online store selling animal related products such as food, medicines etc. The company is focused on delivering quality clinical care based on industry-leading clinical training and implementation of innovative techniques across practices. The group has been following a hybrid path of both acquisitions and organic growth from development of their investments and personnel. CVSG has seen strong growth in both sales and EBITDA during the interim reports in December and the latest trading update on 20/07/2021. EBITDA is expected to be above H1 FY21 of 18.4% driven by strong trading momentum....from WealthOracleAM

[dogwalker] 25/11/2021 09:29

Yes. Definitely wants to drop off its highs these days.

[waldron] 08/11/2021 12:31

soon be ex divi day




Consensus


Mean consensus OUTPERFORM

Number of Analysts 7

Last Close Price 2 450,00 GBX

Average target price 2 667,14 GBX
Spread / Average Target 8,86%

High Price Target 3 100,00 GBX
Spread / Highest target 26,5%

Low Price Target 2 200,00 GBX
Spread / Lowest Target -10,2%


mickey if always happy when most shares are down and CVSG, EITHER IT GIVES YOU A BUYING OPPORTUNITY FOR THOSE SHARES or alas you have put all your eggs in one basket

not wise in my opinion

take care

chuckle and cheers

[mickeyb] 08/11/2021 12:12

Always happy when most shares are down and CVSG are up. This will trend up in next 3-4 months.

[tomps2] 28/9/2021 09:35

CVS Group (CVSG) full year 2021 results presentation September 2021

CVS Group’s CEO Richard Fairman, CFO, Robin Alfonso & COO, Ben Jacklin present full year results for the year ended 30 June 2021. Impressive numbers with total sales growth up 19.2% and adjusted EBITDA +37.3% with strong tailwinds in the UK pet care sector.

Watch the video here:

Or listen to the podcast here:

[robertball] 26/9/2021 19:26

No. But usually is. May be IVC or InflexionPartners?

[lomax99] 26/9/2021 10:12

Has that been confirmed/who is it? Thanks

[robertball] 26/9/2021 08:53

Yes. Complaint from a rival

[capitalist] 25/9/2021 11:03

I am guessing that the CMA have received complaints from a specific area where CVSG could end up with a monopoly. Best guess is they are looking into that situation and fishing for other possible monopoly situations. Hopefully their review will be quick.

[disc0dave45] 24/9/2021 15:21

Agree, but that wasn't really my point.

[lomax99] 24/9/2021 15:08

Well CVSG probably have less than 15% of the veterinary practice market in the UK, hardly a monopoly!

[disc0dave45] 24/9/2021 14:52

Re post 653But if the CMA are investigating such a small acquisition then it has to stifle further UK growth opportunities in the future.How long will it be before a decision is made and the earnings allocated to the CVS Group?.

[robertball] 24/9/2021 13:39

I agree. It's a straw in the wind

[lomax99] 24/9/2021 13:13

Not necessarily, they could be intending to restrict acquisitions of multi site operations above a size?

[robertball] 24/9/2021 12:56

But it means that CVS cannot acquire any more UK vets.

[lomax99] 24/9/2021 12:54

It is hardly going to stifle competition in the market, their 8 clinics represent c 0.2% of the number of practices in the UK. Their turnover last year was c £11.3m, which represents only c 2.2% of CVS's turnover.

[wad collector] 24/9/2021 12:34

After yesterday's good news....

The U.K. Competition and Markets Authority said Friday that it has served an initial enforcement order on CVS Group PLC over its completed acquisition of Quality Pet Care Ltd., preventing the companies from fully integrating while it investigates the deal.

The regulator also said that it is considering whether the deal will lead to a merger situation under the Enterprise Act 2002. It is inviting interested parties to comment on the deal and has set a deadline of Oct. 8 for responses.

CVS Group bought Quality Pet Care, which trades as The Vet, on Aug. 29 for 20.4 million pounds ($28 million). The business has eight animal veterinary practice sites across the U.K.

[tomps2] 23/9/2021 08:45

CVS Group (CVSG) Full Year 2021 results overview September 2021


CEO, Richard Fairman gives an overview of full year results for the year ended 30th June 2021.

Watch the video here:

Or listen to the podcast:

[wad collector] 23/9/2021 08:35

Indeed, and an ATH.

[lomax99] 23/9/2021 08:30

Excellent results!

[davr0s] 31/8/2021 19:49

Ath I think - or near as it