Cvs Share Discussion Threads

[undervaluedassets] 11/12/2010 09:16

unconvinced.

very slim margins (which perplex me somewhat)

And balance sheet is parlous

And now, even at these subdued levels for the share price quite chunky director selling - and this the second batch....

...Ceo Mr Innes sold 3/4 of a million quids worth at 1.75 and now another 100k at 95p.

not very confident behaviour... which gives me 'paws' for thought ( I am so funny)

[lomax99] 09/9/2010 08:11

Fall was completely overdone, results should bear this out.

For a business that had grown largely by acquisition, I am surprised that it took as long as it did to replace the Ops Director.

[u813061] 01/9/2010 12:50

Overhang has gone.

[standish11] 31/8/2010 16:25

Up 14 per cent today but no news as far as I can see.Wassat about.....?

[m.t.glass] 20/8/2010 10:23

a whole bunch of trades just raced through in under 60 seconds. Wassat about?

[undervaluedassets] 09/8/2010 12:37

Given that the venture capitalists who puffed this up for flotation at circa 230p are known to have made 10 times their money when CVSG came to market..

...Does it not follow therefore that this (patently struggling) - business might logically be worth what the venture capitalists originally paid for it - ie one tenth of the float price...

Not a dificult sum - you just knock a nought off the float price.....so 23p then.

23p has a right kind of ring to it. At that price risk and reward may come back into some sort of balance

Investors who bought the IPO were clearly shafted as promised synergies have not materialized.

Ceo appears to be no fool either and has fallen over himself in a rush to divest himself of nearly £1 million worth of shares in the last year but at rather nicer prices than todays

see my post 127

[masurenguy] 09/8/2010 11:25

Like the concept but not the debt or financial model. Some 60% below their IPO and I can't really see what will turn the share price around at the moment !

[undervaluedassets] 09/8/2010 11:21

overambition is the problem here.

october's result will be horrid - the company has said as much.

[uncletomg] 05/8/2010 21:33

They say you should invest when there is blood on the streets. Does that mean in the case of CVS a few poodles will have to be sacrificed?

[undervaluedassets] 30/7/2010 15:47

there is something so wrong here

[campbed] 23/7/2010 15:48

It looks from the trades this afternoon that 400k shares may have been found new owners. There certainly has looked to be an institutional overhang here from disappointed holders. Some may return from their hols and decide to get out as clearly buy and builds like CVSG will be out of favour until bank credit becomes more available.

So I reckon there is not likely to be much point in adding, even at a share price of 75p, until after bank credit eases and a future trading update indicates organic sales growth and operating margin improvement.

[undervaluedassets] 23/7/2010 10:14

I know that a similiar operation to the one my dog had is one third of the price in Germany.

He (a border collie) had replacement cruciate ligament and it cost £5,500.00. He bit me hard when I went to pick him up I might add.

I think we get taken for a ride in this country by the vets.

If the regulators swarm all over them then margins could well collapse. As dog owner I think rightly so.

As a potential investor I am more ambivalent of course.

Was cvs group mentioned in the panorama documentory? does anyone know?

[m.t.glass] 23/7/2010 08:43

mike - how do you dispute an itemised receipt that includes charges for functions not carried out or for product quantities not used? My cousin is a vet and admits that she's seen numerous examples at surgeries she's worked with - often as a way of bumping up a bill with extras to allow for basic services being advertised at lower prices.

"Vets bills have trebled in the last decade" (BBC)

[mike24] 23/7/2010 08:25

worth adding if touch 80p

[m.t.glass] 22/7/2010 15:23

From today's trades, it looks like one or two folk are convinced that tonight's tv programme will do no harm.

[mr hangman] 21/7/2010 16:36

Yes to right, it's about time these vets where exposed..the money i was
charged when poor George got hit by a car, dissgraceful

Yeah we have all heard those words, when taking your loved one into the
practice, "is your cat insured"...

[m.t.glass] 21/7/2010 16:29

Looks like a few people have taken fright ahead of tomorrow's programme..
Or else there's a further warning in the pipeline perhaps?

[m.t.glass] 20/7/2010 19:25

Representative organizations are understandably edgy ahead of the programme. Here is a message sent out to members by the BVA:




And a bit from a dog blog:

[zoa] 20/7/2010 18:53

Well done Glass for finding so much info, we will have to keep our fingers crossed that CVS is not named or invoved. Medivet are quite big players and hopefully CVS if not named will gain long term.

[m.t.glass] 20/7/2010 15:39

and this, naming MediVet:

"A veterinary group featured in the long-awaited Panorama programme on the profession broke cover ahead of its broadcast, claiming it would treat any solid evidence of wrongdoing raised in the show "very seriously".

In a statement released ahead of the programme, which is scheduled for broadcast on Thursday, July 22 at 9pm on BBC One, Medivet revealed the show would feature footage shot secretly more than a year ago by an undercover journalist employed as a trainee veterinary nurse.."




Here is a description of the MediVet chain from its website:


It appears to have no connection with CVS Group as far as I can see. But the viewing public will presumably believe that all vets are like whichever ones are shown.. And presumably CVS will need to do some damage limitation - such as having printed handouts available at all its branches, distancing themselves from any negative aspects.

EDIT: Knowing that MediVet is mentioned in the tv report doesn't necessarily mean that other chains won't be named of course.

[m.t.glass] 20/7/2010 15:27

Found this statement re the programme:

[zoa] 20/7/2010 15:08

Does the Panorama program on Thursday regarding sharp practices at vets, specifically target CVSG or is it a rival that is to be exposed? If it is a rival CVSG will pick up business, however the outcome if it is CVSG doesn't bear thinking about.

[undervaluedassets] 15/7/2010 10:09

See post 170

Even that looks optimistic now.

Hard to say where the bottom will be on this.

certainly not worth buying unless and until newsflow turns positive

meanwhile 50p does not seem a silly price for this stock.