Share Name Share Symbol Market Type Share ISIN Share Description
CVS Group LSE:CVSG London Ordinary Share GB00B2863827 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 915.00p 910.00p 912.50p - - - 0 05:30:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 271.8 14.5 18.5 49.5 643.56

CVS Group Share Discussion Threads

Showing 476 to 499 of 500 messages
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
DateSubjectAuthorDiscuss
09/8/2018
15:14
Had a few more.
lomax99
09/8/2018
13:21
Missed this one, another PE vulture swoops: BC to buy £700m VetPartners in sector's biggest UK takeover BC is buying the veterinary services group VetPartners, which trades from 260 UK sites, in a £700m deal The private equity firm BC Partners is close to sealing a £700m takeover of VetPartners in a deal that will mark the fast-growing sector's biggest UK deal. Sky News has learnt that BC, which owns British companies such as the Cote restaurant chain, is putting the finishing touches to an agreement to buy a controlling stake in the 260-site business. If completed, the deal, which insiders said could be announced later this week, would mark a bet on Britons' continued propensity to spend ever-increasing sums on the welfare‎ of their pets. York-based VetPartners employs roughly 3000 people, making it a substantial British employer‎. Its sale is expected to generate a handsome return for August Equity, the private equity group‎ which backed the company in 2015. The deal will come just months after Ares, another investment firm, ploughed about £500m into VetPartners through a combination of debt and equity instruments, giving it a substantial minority stake. Both Ares and VetPartners' management team are expected to reinvest in the business as part of the sale to BC. Speaking at the time of the Ares deal, David Lonsdale, a partner at August Equity, said: "We see significant further growth potential in the business and a market with a very long runway. "With high-quality earnings, high levels of fragmentation and private pay dynamics, veterinary services is a highly attractive sector for private equity." The fragmented nature of the British vets market has created scope for private equity groups to develop 'buy-and-build' tactics aimed at achieving scale for companies which benefit from synergies in areas such as marketing and equipment procurement. CVS, which is one of few London-listed providers of veterinary services, has a market value of just under £700m. It operates about 360 practices across the UK and the Netherlands. Assuming the VetPartners deal goes through‎, it will be the latest in a string of deals involving British companies in the sector. Mars, the confectionery-to-petfood conglomerate, recently took control of Linnaeus, while EQT, the Swedish investor, is reportedly examining options for Independent Vetcare, which it bought in 2016. Https://news.sky.com/story/bc-to-buy-700m-vetpartners-in-sectors-biggest-uk-takeover-11463449
lomax99
09/8/2018
13:15
Perhaps the new FD might like to dip his toe in the water, for an initial purchase?
lomax99
09/8/2018
08:28
Thanks, lomax99
saucepan
09/8/2018
05:08
IC comment:CVS disappoints shareholders, againVeterinary group CVS (CVSG) has admitted that trading in some of its newly acquired practices has been disappointing. The group – which bought 52 new surgeries for £51m in the year to June 2018 – blamed poor weather for the performance and said that normal like-for-like growth would resume in the current financial year. Still, unimpressed shareholders wiped a fifth off the company's market capitalisation in response.CVS can't afford any slip ups. The group's aggressive acquisitions strategy has made it the largest owner of veterinary practices in the UK and investors have come to expect seamless integration and solid underlying growth. But competition is on the rise, forcing CVS to enter into expensive deals in order to keep rivals at bay. What's more, as many of these practices are being bought from private owners, retaining the vets and nurses has caused a big hike in staff costs. The extent of the spending will be revealed when the group announces its annual results at the end of September.IC ViewFollowing its spectacular growth until the end of 2017 and despite the positive trends of the market, CVS has struggled to regain favour with investors since its profit warning last December. But we think investors have over reacted to the recent update. A forward price to earnings valuation of 19 times looks good value considering the long-term potential. Buy at 939p.
lomax99
04/8/2018
17:54
First post but I am involved in this buisness area so have a reasonable understanding of how things operate in this market. Like for like in the practice division is what you need to see to drive increased profit. After the short term gain of improved GM post acquisition of practices the hard yards are all about keeping that turnover going forward. CVS claims that owners often stay post acquistion. My experience is not for long and some even leave to then open a new venture competing against their old practice. Keeping and motivating professional staff to drive turnover is hard but without good staff in surgeries clients walk out of the door.
tristan1561
03/8/2018
09:41
New Investor's Champion Blog considers whether it is time to give up on this hitherto high-flying cash machine, or keep the faith?
investorschampion
02/8/2018
23:44
Welcome to Advfn tristan1561, I see that you have just joined today and that this is your first post. I suspect that they know what they are doing - they have been acquiring, and successfully integrating, practices for quite some time......
lomax99
02/8/2018
23:19
Take out the 2% contribution to L4L by animed which is an internet pharmacy buying turnover with rock bottom pricing and you get left with just 2.9% from the practice division. Current prof staff cost pressures in this sector means you need significantly more growth than this for profits to even stand still. Buying practices is easy you just throw money at owners. Running them to achieve turnover growth is hard and I am not sure CVS Group has a real strategy to achieve this. Recent share price has been supported by Mars buying Linnaeus but there are other PE backed non listed groups that would easier for Mars to acquire so dont bank on that as a future way out. They have missed out on the majority of recent large practice acquisitons to PE backed vet partners. Hard to see where the growth will come from going forward
tristan1561
02/8/2018
09:40
Would imagine because paragraph 3 clearly suggests a profit warning, albeit a mild one.
staverly
02/8/2018
09:11
why is the stock down so much? deterioration in underlying organic growth vs. the last update?
shooting_star
02/8/2018
09:08
good buying in point at share price drop.
nimrod22
02/8/2018
08:48
Adding here.
lomax99
02/8/2018
08:44
Ouch. One for the purists to wait this out I guess but similar prices seen in Jan I guess,..
hkre3
02/8/2018
08:10
'expects that the further benefit of the acquisitions made during the year ended 30 June 2018 will add significantly to the profitability of the Group. Further acquisitions are expected and the Board is confident of good progress across all of the Group's divisions.' SP over reaction IMO.
lomax99
02/8/2018
07:18
Solid update, acquisitions continue apace.
lomax99
31/7/2018
11:57
Pre-annoucement jitters or a leak? Dignity share price stable today. No other reason?
hkre3
20/7/2018
11:23
Doubt it, suspect other reasons.
lomax99
20/7/2018
11:15
Hmmm. Is that suspicious news with the years numbers released in 10 days?
hkre3
20/7/2018
07:49
New FD (why?), results soon (sometime w/c 30 July). Https://uk.advfn.com/stock-market/london/cvs-group-CVSG/share-news/CVS-Group-plc-Board-Changes-and-Notice-of-Trading/77900956 Promoting VETS: Https://www.vettimes.co.uk/news/cvs-turns-to-vets-to-lead-business/
lomax99
17/7/2018
19:32
New veterinary centre planned on Keele University's campus, a joint project to help train/recruit a future generation of vets.Https://www.stokesentinel.co.uk/news/local-news/major-plans-unveiled-north-staffordshire-1784383
lomax99
12/7/2018
13:59
A 'partnership' with an equine veterinary practice in Ireland: Https://www.agriland.ie/farming-news/irish-veterinary-practice-takes-on-uk-investment-partner/
lomax99
03/7/2018
09:55
Long overdue.....
lomax99
03/7/2018
08:37
Closing in on 1200p
its the oxman
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V: D:20180820 06:52:10