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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Premier Veterinary Group Plc | PVG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 34.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 34.50 | 34.50 |
| Top Posts |
|---|
Posted at 20/4/2019 16:00 by tarlok Nice item on bbc business news about pet insurance " Senior policy adviser for pet insurance, Joe Ahern, said: "There is no NHS for animals, so if you've not got a pet policy in place, you risk having to foot veterinary bills out of your own pocket ". Also " Nearly 4.3 million pets were covered by insurance last year, more than ever before, and an increase of 50,00 on 2017But the ABI said there was still a "worrying level of under-insurance" among cat owners. There are thought to be 7.5 million cats in UK homes, but only 1.3 million are insured, whereas 2.8 million dogs are insured out of an estimated 8.5 million pet pooches. All good foe PVG |
Posted at 10/1/2019 16:53 by mr dexy Could have ended it at..."PVG requires additional funding to support the directors" 11k pets on plan in the US at Dec 2018... 'nuff said |
Posted at 15/8/2018 09:01 by hibberts Hopefully this will be the turning point in the companies progress in the USA. |
Posted at 10/8/2018 21:54 by bbr391 Could be a trend change .In my estimation reasonable news could soar PVG back to 70p . Good news and the sky is the limit or £2 plus . Bad news we will not contemplate . Best of All |
Posted at 22/6/2018 08:27 by bbr391 This has been a dog in the past year .At £4 million . PVG seems reasonable value . Best of All |
Posted at 15/6/2018 08:08 by mr dexy Dominic Tonner, CEO of PVG commented:"blah blah.... whilst at the same time reducing the continuing cash burn in this territory." i.e.... not my salary Regards to all Mr D |
Posted at 12/12/2017 08:31 by mr dexy Always had potential.... however, don't forget"In our trading updates released on 22 September 2017 and 18 October 2017, the Board highlighted the Company's potential need for funding towards the end of the current financial year. The Company has today entered into a committed facility with Bybrook Finance Solutions Limited ("BFSL"), whose sole shareholder is Rajan Uppal, a director of PVG." Rajan lending money to the company that he got by selling shares in the company... Just be careful. Regards Mr D |
Posted at 13/11/2017 21:25 by hydrus Where's that chump pet lover these days? Ramped LEG, BST, 7DIG and PVG but disappeared after they all ranked.Assume he/she will come back under a different name and try some other companies. |
Posted at 11/3/2017 13:01 by mr dexy Hi H,The great thing about this board is the ability to discuss and exchange ideas and points of view in a respectful and knowledgable environment. We all see things slightly differently and personally, fwiw, I would see 15% dilution... as opposed to £5m additional cash on a £35m mcap company as being pretty much as broad as it is long... under normal circumstances.. but for the reasons below... not my preferred choice at ths time. With the sale of the vets.. and now the buying group, PVG is essentially a "one trick pony" with the medium and long term success of the company dependent upon the rapid "land grab", particularly in the US, of Vet Groups, Vets and ultimately, individual Plans. The update ahead of the AGM put particular emphasis on the US.. and I think most of us would agree with that plan. They said at the time they expected to put £2m into that... so, as an alternative, why not raise the £5m by dilution... then perhaps open that up to PI's on the same terms (i.e @ £2.25) using something like Primarybid for a further, low cost, £1m ( this would actually aid liquidity, which the sale yesterday didn't as it didn't increase the number of shares in the overall pot ) and by retaining the buying group giving £750k pa ( as you rightly say, not growing... but £750k nonetheless ) you are looking at a pot in the region of £7m to execute that sales push. Surely, with that level of resource, one could expect controlled, managed, rapid expansion at a significantly greater pace than they will get with £2m. The rate of controlled expansion, is, I would suggest, at this time, critical, particularly as PVG will now have only 1 sring to it's bow and is arguably at it's most vulnerable. As good as the plans are, there aren't enormous barriers to entry to this particular market and there is little to stop a bigger, better resourced player coming in and undercutting PVG to grab the market from under their noses.. which would leave PVG where? Ideally, this plays out as either : 1) Growth, profit.. bigger player comes in reasonably early and buys PVG out rather that going through the leg work to compete.. 2) Growth, profit... long term returns and still the possibility of a "mature" buy out. But there is the very real risk that PVG don't go at this hard enough to get to a position where either of the above is achievable. And that is, essentially, my disappointment with the share sale. When I was looking for a statement of intent from the BOD.. what I actually see, is them taking the cash that could have gone to the company.. for everyone's benefit.. Just my thoughts of course, fwiw.. Sorry for rambling... and, as ever, best wishes to all. Regards Mr D |
Posted at 26/3/2016 08:43 by pet lover 4 days off at last. Rain over the weekend will keep most indoors so the hound and I can get out and about. RIGHTMOVE PLC is an example of the type of company an investor wishes he bought ten years ago. They trade on a PER of 35 and make around 66P in the pound on turnover. It's a pure dream with the growth rate running at 30% as it has done for years. They have the market just about to themselves. The stock has grown about 40 fold in that time.This week PVG updated the market with Pet care plan numbers. Plans sold outside the UK doubled in just 3 months from 5,000 to 10,000. It's not the 100% increase that did it for me. Any company can have a great product and brand but fail to execute outside their own borders. Both Marks and Sparks and Tesco are great examples of this in years gone by, massive write downs and total failure.Shareholders can now be reassured that these Pet Health Plans can and do sell abroad with ease. The directors have clearly cracked this one. PVG'S model is so very simple sign up vets sell the plans and share the profits.The pet is the real winner with improved health followed by the client. Yes the vet and to a lesser degree PVG also come out on top. PVG can over the next 5 to 7 years grow into a very large company. Competition in the UK is a fact but around the world it's not far off non existent.PVG have fixed head office costs and its main market listing does not come cheap for a small company. These costs need to be covered by selling more Pet Health Plans. The first 100,000 plans plus the buying group revenues should cover this {£3.25M}on an annual basis. I would then like to think any new income would produce around 66P in the pound in the early years rising towards 80P within 3 years. For new investors to get excited PVG needs to add vets at breakneck speed with plan sales following hot on their heels. I am convinced that PVG can now do this,it stands to reason if they do the shares will be rated accordingly. PER ratios should track growth rates. 10% growth PER of 10. Growth of 20% being rewarded with a PER of 20 and so on. PVG will have extremely high quality earnings. Recurring revenues,growing untapped market proven management all driving year on year increases in Vets, plans and hopefully profits. PVG is set to update the market each 1/4 with plan numbers split UK and abroad so growth rates can be tracked regularly. Over the next year or two the numbers I will be looking at is vet sign up rates knowing that over time the plans will follow. It's tricky to attempt to value the company today as profits are non existent. Any investor however can deduce that once profits materialise the company will have real value. I envisage each million of profit being worth 25 to 35 times or even more if growth exceeds 40% year on year. At the top end just one million of after tax profit would value the company at £30M {18M today}. For the life of of me I can't see profits being held back by anything bar investment for future growth. The shares are not particularly cheap today as its still a waiting game. One has to take a view what 2017 - 2020 will bring. Or are they, clearly without profits and to some extent dividends which PVG have said will not be paid only a small section of potential investors will be in the slightest bit interested.You can't blame them as so often at the end of the day companies continually underperform profit expectations during the early growth stages.PVG although not making profits today most certainly would be if they were part of a larger company where listing and the head office cost base would fall dramatically.From that angle the company is cheap right now and if it can grow at 50% plus for a few years it's more than cheap.That gives me comfort as do PVG'S recurring revenues. |
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