Cvs Share Discussion Threads

[lomax99] 30/11/2017 09:24

Still holding CVSG stock bought for 76p, I think that I will give them the benefit of the doubt for the time being........

[gswredland] 30/11/2017 09:10

Jak - agreed does not look good

[jak1] 30/11/2017 08:49

Cant see things getting any better. Priced for perfection. First of three warnings I think...

[bulltradept] 30/11/2017 08:29

Uncertainty abounds..

[ewanwhose] 23/11/2017 20:07

The PE is high, but management have a good record of building the business. There is more organic growth by acquisitions in the UK and we're just started in Netherlands. Would this model work in other countries? I like the animal hospital and crematoria fed by the surgeries - maybe add drug distribution?Main question in my mind is whether the % expansion rate can continue.Share price is volatile, which provides opportunities for trading, but the trend is up and I would be a pure holder if it was more consistent.

[martinthebrave] 23/11/2017 11:00

Consensus PE to 30th June 27.9x. Two years ago it was 22.9x but PEG is only 0.8x, so it constantly grows in to its value. It has been a lovely Buy & Hold.

[hazl] 23/11/2017 09:52

A well -thought out response.
Thank you.
I still think that as the article states, Microsoft PE was 100 at one point when in its high -growth phase but then retreated as things changed.

Whilst PETS might be a different animal,
CVS at 75 ... surely cannot be compared to Microsoft!

Therefore it is not for me.

[saucepan] 23/11/2017 08:11

hazl: paying for quality?

PETS: latest eps growth 3.34%; forecast eps growth minus 12.27%

CVSG: latest eps growth 43.54%; forecast eps growth 110.72%

PETS is a retailer with veterinary add on

CVSG dedicated veterinary, with additions such as pet crematoria.

The closest company, by sector, is arguably DPH (animal pharma): not cheap either, but again quality.

[hazl] 22/11/2017 19:14

Why is this so much higher PE ratio than say Pets at Home?
Both seem to have good fundamentals but isn't 75 a bit rich?

Just curious on passing through the bbs.

[lomax99] 22/11/2017 18:27

AGM next Thursday, usually accompanied by a brief update, expecting this to kick-on accordingly. I have been buying the dips.

[saucepan] 22/11/2017 18:04

"What is going on?"

Well, no posts since 18 October!

It looks to me like the £14 level is significant level. It has held back momentum since June.

If it breaks again this time, I think it will be time to kick on again.

A very strong move this pm.

[spudleywoo] 18/10/2017 21:50

What is going on??

[martinthebrave] 12/10/2017 17:19

Hi one and all! I have been trying to find a suitable entry point to get in here for a long time. Finally bit the bullet and bought in today. Long term hold that I will add to hopefully. GLA.

[wobaguk] 05/10/2017 09:46

Positive little article in Shares magazine this week. Mentions the move into pet insurance, noting it wont see financial benefits in this FY.

[lomax99] 29/9/2017 08:08

Another excellent set of results.

[ariane] 17/9/2017 10:43

LOL

A NICE ONE TOO PET

[lomax99] 17/9/2017 09:43

Here is one that could not be considered a fleu or a tick!!

[ariane] 17/9/2017 06:56

is it not already in our kennel

if not it be likened no doubt to a fleu or tick on a dogs back



PET, GO GET

YER VET

[drobinson1991] 16/9/2017 20:54

Hi guys, relatively new to board so apologies if repeated. Is anyone aware of a company called VetPartners? Recently acquired our local vets and they have lost a lot of clients due to price hikes. Wondered if these were a threat to CVSG. Thanks in advance

[lomax99] 12/9/2017 08:47

Another useful acquisition:

Equine veterinary group sold to CVS

A Gloucestershire-based veterinary group has been acquired by Norfolk-headquartered counterpart CVS Group.

B&W Equine Veterinary Group was established in 2009 through the merger of established equine practices Bushy Equine Vets and The Willesley Equine Clinic.

The company is said to be largest specialist equine veterinary group in the South West of the UK with a practice based around a multi-disciplinary referral hospital in Breadstone, Gloucestershire. It also has practices in Cardiff, Gloucestershire and Bristol, employing more than 100 staff.

The acquisition is said to be a strategically important deal for CVS, providing it with a presence in the UK equine market. This division has grown rapidly over the last 18 months and now stands at 32 sites.

The group plans to continue to develop and grow the B&W business to optimise its potential.

Simon Innes, chief executive of CVS, said: "The team at B&W bring enormous expertise to the CVS Equine group, and we are thrilled to have them join us, particularly as we are growing so rapidly in our equine division.

"CVS looks forward to working with the B&W team to continue to deliver high levels of expertise and service as we deliver the next phase of growth together."

Momentum Corporate Finance advised the sharehlders of B&W on the sale. Partner Rob Crews said:"We are delighted to have advised the shareholders of B&W on the sale to CVS. The compelling strategic fit between the businesses means that CVS is the right buyer to help B&W continue its recent growth and we believe that it will be a supportive owner in the years to come.

"Following on from the sale of Highcroft Veterinary Group, this is the second leading independent veterinary group sale on which we have successfully advised. With high sales multiples being seen, and significant opportunity for further consolidation in the sector, this is an excellent time for veterinary group owners to consider realising their value."


Hopefully more details on the deal in the next results.....

[lomax99] 31/7/2017 08:51

Well the market might like to take a look at CVSG's 5 year share price chart, and contemplate the prospects for the sector/CVSG moving forward......

[gswredland] 31/7/2017 08:50

Anything with in line with expectations is getting punished.

[chrisgail] 31/7/2017 08:46

I think the market just thinks its pedestrian!