Premier Veterinary Share Discussion Threads

[joeblogg2] 02/7/2015 11:41

good to see this recover, only thing stopping me from buying more is at what price and when they will raise funds.

[fillipe] 26/6/2015 15:14

Nice to see the uptick - I guess the AGM today went well, even without any official statement.

f

[pet lover] 05/6/2015 19:45

Stolen from the PETS AT HOME BB.





Is This The Secret Of Success For Dixons Carphone PLC, Pets at Home Group PLC & Halfords Group plc?
The Motley Fool UK‎ - 23 hours ago
Business is booming at Dixons Carphone PLC (LON:DC), Pets at Home Group PLC (LON:PETS) and Halfords Group plc. What do they all have ...

[pet lover] 29/5/2015 21:03

Home at last hound asleep on the bed.PVG results were just what I was hoping for a reduced loss of £400,000 down from £900,000. £100,000 profit at the operating level hit by finance and loan repayment charges of over £500,000.The new loan now being used is only going to cost £150,000 in the second half at 12%.That changes things by a mile.Vet turnover was flat but margins were up 6% points as I've said in the past these bore me and are a waste of time at 15 in number 150 are required to get me interested. The buying group again flat turnover and profits but chips into the overhead costs of the group.Onto the reason I bought into PVG those Pet Health Plans. In the past I've said that I think they are worth about £23.00 per year to the company.it might be £27.00 or £21.00 it's only a guess.The results today tell us its paid a bit each month not in one lump.For that reason it's hard to work out just how much they are worth at any given time during the year. A Pet Health Plan might get sold today with the first payment due in 3 days on the first of the month but it will take a full year for the £23.00 to be collected by PVA.Todays results show 56,629 Health Pet Plans as of the end of the first half but a plan could have been sold in Dec that has made just 4 payments to the end of March when the accounting period ended.PVG brings in £887,000 a month from the plans x 12 months is £10.6M. 56,629 plans into that means each plan is costing about £190.00 a year to the pet owner. As a cross ref to my guess what PVG make per plan it's about 12.75% again that seems very fair and I bet the vet does 30% plus he gets the pet owner to visit the vets far more often. The pet owner gets the whole package cheaper than in the past so he or she is also happy.From all the new and old vets now selling the plans in the UK and Europe let's hope they can do 25,000 plans in the second half worth £600,000 to PVG in a full year or about 1/4 of that in the second half. The reason it's just a 1/4 is that after 6 months of selling the £23.00 turns to £12.50P as is just half a year. It then needs to half again as some plans would be running the full six months others just one month.The good news is that plans sold prior to the second half realise the full amount after a full 12 months.The big point here is to take account of the time lag from health plan sold to bringing in the full £23.00 per plan per year.If PVA can sell 25,000 plans in the second half and 50,000 in The next 12 months from March we might be on for £1.2M of extra recurring revenues. That should be very highly valued in the range of 14 to 23 times.Time to feed the dog.

[ginger_ninja1] 29/5/2015 10:47

The results are pretty meaningless in my eyes but they're clearly on the right track. They have a clear strategy laid out and following expansion plans, I look forward to seeing the strategy succeed. I can understand today's profit taking but it's no skin off my nose for a long term investor like me.

[joeblogg2] 29/5/2015 10:12

Happy with results. Only slight concern is possibly some fund raise:
A significant investment will be required in connection with these European expansion plans that will have an impact on the Enlarged Group's profitability.

[au24] 29/5/2015 08:59

Nice thread

[joeblogg2] 19/5/2015 09:28

And back up we go :)

[fillipe] 18/5/2015 15:35

....and to think one could have sold for 99p not that many hours ago. Looks like a determined dump, but there was no pumping in advance, that I could see of.

f

[joeblogg2] 18/5/2015 14:47

Certainly wasn't expecting a huge pull back so soon after the recent rise.

[pet lover] 18/5/2015 09:10

If PVG can get get 1,000 vets under its belt in quick order then the hound and I will invite Mr Slater to High Tea.He is loaded up in CVSG. The Pet Health Plans growth rates will bring all sorts out into the open.Traders and long term investors house wife's retired gents a right mixed bunch all looking returns that beat their local bank. The hound is looking at me for a two weeks away this summer in some nice hotel on the South Coast.🙀€576;

[joeblogg2] 15/5/2015 11:14

Looking good!!!

[pet lover] 08/5/2015 19:12

Hound had some fun this week chewing at the Labour candidate in town no blood just fun made me smile as I don't like the chap.The big election shock last night turned my stocks blue as well.PETS CVSG and PVG all caught up in today's bull run. The shock Tory win got me thinking as to wether PVG could do the same in the right sort of way.In the election to win each party had to sell what voters wanted and field enough candidates. If one of those two elements is missing you lose.The Tories pulled it off in style but only 48 hours ago no one had a clue what was about to happen. Pet health plans make large profits for PETS CVSG and here at PVG.PETS and CVSG have one big flaw in that they can only sell the pet health plans to those owners who they come into contact with. Each of the two companies have under 250 sites to do so. PVG has way more 400 third party vets last year plus the new 110 vets of MEDIVET 29 more vets in Europe and at least another 100 in the Nordic region.If PVG can get more vets in Europe signed up and fast today's 640 might grow to 1,000 over time. If management are up to the job in hand a few years down the line PVG might have the capability to do what the conservatives have just done namely grab a very large chunk of the bounty.
Sunny tomorrow so its down to the river.

[ginger_ninja1] 06/5/2015 20:43

Nice post pet lover, you've raised some interesting points. Sorry Joe, I think £3.00 is more likely in the near term.

PVG's model is like having a cash register sitting at your desk, the software is already commisioned and all it needs is the vet employee's to smile and do their bit and we're quids in.

Going by todays performance £3.00 isn't far away.

[joeblogg2] 06/5/2015 12:33

Slowly edging up £6.00 would see me well in profit!!!

[pet lover] 03/5/2015 15:44

Ten mile romp over and done.Bit of rain bit of sun and a pint or two to finish. Now a few thoughts Full first half results on May 29. Looks like a loss on its way as money being spent of future growth.Each time I look at the £6.00 share price of CVSG I'm thinking that's where PVG is headed.The trading statement shows the orders in position its now just a case of selling those pet health plans.looking at the 70,000 CVSG sold in the last 12 months it can't be that hard and should come along naturally.Europe might be a little harder on the other hand they might fly off the shelf.Some research I read this weeks shows female vets in training at 75/25 to the men.It strikes me they much better pushing the plans than men in a way that gets results.The only number that I care about is the pet plan sales growth 73% year on year for PVG.From March 2015 onwards that seems to me to be to low and should be nearer100% for starters. This comes about like this. Old contracts with over 400 vets page 28 of the prospectus has been the driving force up to now and pet plan sales to them is still way off saturation point. With the new wins of Medivet and those in Ireland The Netherlands and Nordic region 1,000 sales per week might be achived.Medivet alone has 110 vets add in the 29 in Europe gives 140 with the Nordic region rolling out late in the year.That's a total of 540 : Exc Nordic :vets needing to sell just 2 plans a week each. CVSG has 230 vets and sold 70,000 last year.:1 sale per day per vet: CVSG is one company though and might be much better at selling than 400 independent vets.Assuming PVG do manage to sell 50,000 plans or more in the next 12 months then recurring revenues from them might top Two million pounds.The following year they might be able to double them again to Four million pounds if new European and UK contracts can be signed. The client pool is their within each vet it's just a matter of winning large numbers over. If and its not a certain PVG has tight costs and £4M of repeated revenues flowing in by 2017 then the stock in theory should be valued accordingly. At ten times £40M at twenty times £80M.Food for thought.

[pet lover] 30/4/2015 20:32

If work was so good the rich would grab it all.Home now with the hound who has bad breath not sure if I can live with that for much longer.At last got round to this new trading statement for a full rundown. One vet has been sold which is great as does not seem to have made a bean.Gross profit on the others up from 45% to 52%. I think the vets themselves are only any good to cover the overheads of PVA and unless PVG gets another 50 or 100 vets a bit of a waste of time. The lumps I like are the buying group and I just love the pet health plans. The buying group was flat and again in my book needs another 200 vets to get it moving. So the only reason to buy into the group is these health pet plans as far as I can see.the company only updated 3rd party plans yesterday going from 32,000 to 56,000 bringing in £890,000 per cal month. Most of that goes straight out of the door to the 3rd party vets with PVA keeping a slice. That slice is not easy to work out the prospectus gives an idea but few of the plans have run for the full 12 months so it's not a case of dividing plans into revenues.If you do that you get £16.00 per plan per year. If only half the plans have run a full year then one needs to bump up the £16.00 to £23.00. One vet group posts it's pet plan prices on the screen for all to see big dog med dog small dog cat rabbit and so on. The commsion as a % of the yearly cost of about £150.000 @20% would be £30.00 a year. That might be to high or to low 15% would be £22.50.My best guess is £23.00 and unless another poster knows or PVG tells us or it comes out in a research note I hope I've got it about right. I know it's not under £16.00 and the rate of growth from the plan sales puts it in that ball park.With that in mind now a stab at just how many plans might be sold and what size the doggie bag could or might be over time.56,000 now growing at 72%.If I have read it right they are all from the UK and from contracts won in the past not any that have come to light yesterday.How many more can be delivered from them is a guess but if each vet has picked up 10% much room to grow yet. I very much doubt if they ever get half their clients as some will not even have bank accounts others will be very old, some will refuse point blank and so on. Going on that 100,000 from today's 50,000 is my stab in the dark.The new Medivet deal could deliver another 100,000 from 110 vets. That would match what CVSG has just doneThe 29 new vets in Europe might do 29,000 and the Nordic group another 100,000. 329,000 plans would see this company bringing in about £8m a year for itself.Their will be a price to pay for this growth in the form of lower profits as stated yesterday.so long as they are not out of order it should be ok.The recurring revenue streams from these plans will be prized by investors as the cash is delivered monthly for years and years.

[ginger_ninja1] 30/4/2015 16:45

After reading the trading statement yesterday, i've looked at the Medivet website and found this blog below. Some interesting reading and 114 more vets on the books. Lot's more monthly payments coming our way. Good news and I don't the market are aware of the company yet.


Introducing the Medivet Healthcare Plan
This entry was posted on November 19, 2014, in News, What's new? and tagged Medivet, Medivet Healthcare Plan, preventative healthcare, Veterinary. Bookmark the permalink.
This week marks a monumental moment – our 100th post on the blog!

To mark the occasion we thought we’d talk about what’s hopefully going to be a monumentally good scheme for you and your pets! We’ve recently introduced the Medivet Healthcare Plan (MHP).

This is designed to offer both your pet and your pocket complete protection and peace of mind. The elements of the plan have been carefully designed to make sure we give your pets the most comprehensive and effective preventative treatment.

Our plan is designed to cover your pet for all preventative treatment. We’d also advise insuring them so they are covered for eventualities that you just can’t plan for.

Erica Waldron black & white cat

Plus, seeing your pet every 6 months means we can fine-tune their preventative health provision to match any lifestyle changes, as well as identify any health issues that may be developing at an early stage and get their treatment started.

We’re aware that unexpected expenditure like flea treatment can really affect your budget. That’s why the plan allows for you to pay equal amounts by Direct Debit throughout the year and spread the cost. This also means that you know you’re buying everything you might need.

You’ll also get 10% off all other medications and treatment with us*, meaning we can help you with the unexpected costs as well as the routine ones. This includes operations such as neutering, as well as treatment your pet may require in consults.

And, since we’re all clearly in the festive spirit already, we’ve also introduced multi-pet discounts for you too.

This means that when you register 3 or more pets on the MHP scheme, you get the first month free for the 3rd pet. And the 4th. And the 5th.And so on!

They don’t have to be registered at the same time, although if you do register all your pets together we will just give you the first month free for the most expensive plan.

What’s included in the scheme?

All-MHP-Icons

Annual booster vaccinations
Dogs: Distemper, Parvovirus, Hepatitis, Leptospirosis, Parainfluenza and Kennel Cough

Cats: Feline Enteritis, Flu & Leukaemia

Rabbits: VHD and Myxomatosis

Complete Worm protection programme- An effective worming programme, tailored to the particular needs of your pet (including lungworm when required)
Flea control (and tick and fox mange control when required) – Modern, safe and highly effective treatments, tailored to the needs of your pet
6 monthly Vet Health checks in between annual boosters (includes urine test)
Microchipping (if needed)
We’ve always been passionate about the benefits of microchipping in helping your pet be reunited with you should they become lost. But did you know that from April 2016 it is a legal requirement for all dogs in the UK to be microchipped? Your pet can be ahead of the game by getting their chip now!

Who is eligible?

All cats, dogs and rabbits can join the scheme. Puppies and kittens are also eligible (you’ll be asked to provide a small supplement to cover their initial vaccination course).

Interested? Want more information? Visit www.medivet.co.uk to find your local practice and call them for a quote.

We’re off to have a party to celebrate our 100th post milestone…

Singing Saint Bernard puppies with birthday party hats

See you next week!

[hibberts] 29/4/2015 14:40

Defiantly one to tuck away for the long term and buy on any weakness.

[pet lover] 29/4/2015 14:17

Results out and a trading statement as well. After reading the results the hound was snoring at my feet this lunchtime. Then the trading statement made up to 31 March 2015.😛ԅ39;😛 He set off round the room up the curtains and half out of the window.Those good old pet plans jumping from 32,000 to 56,000 is far higher than what I had in mind. That's only the half of it.110 Medivets is half the number that CVSG has and has hit 200,000 plans to date.That gets topped by the new Nordic contract.Yet more from the Netherlands and Ireland. Back to the grindstone this afternoon have a good read tonight.

[pet lover] 22/4/2015 20:06

This is cool

WWW.youtube.com/watch?v=-py6OBOOJsQ

[ginger_ninja1] 21/4/2015 17:17

If anyones interested, please have a look at PETS trading statement today.

Nick Wood, Chief Executive Officer, commented:

"We are delighted to be delivering on expectations in our first year as a publicly listed company. We have seen strength across both merchandise and services, demonstrating the broad range of levers through which we will successfully deliver further profitable business growth."

link below to the statement.

[ginger_ninja1] 21/4/2015 17:12

Hi Hibberts,

Just come home from work and checked my shares.

If thats what you call a dabble than please crack on! roughly 40000 shares today, not a bad day at all.

long may it continue.

[pet lover] 19/4/2015 12:01

Hibberts.

CVSG now have over 200,000 pet health plans on the go.Their is a press release out to that effect.
This is from their last report pet plans sold. They run from year to year direct debit as far as I know.

2010 17,000
2011. 28,000
2012 64,000
2013 111,000
2014 170,000

The report also says they have 260 vets under their arm.
I bet the poor souls at the front desk have to sell so many a week or the area manager puts a rocket up their backside.Anyway it's worked and it's worked very well . How far they can go I've no idea but one could see a time when vets tell pet owners that they will only treat their pet if it's up to date on the jabs flea and wormers .111,000 to 200,000 is staggering over 15 months. What got me thinking was the 550 vets that buy through PVG 'S buying portal twice the number of vets CVGS owns.The item above shows that the buying group and pet plans feed off each other.Back to the PVG prospectus page 27. 31,428 plans up and running as of 31/03/14 a year ago.It strikes me and the hound that with double the vets not company owned so one could say it's not comparing like with like but even so. Over a few years PVG might lift those plan numbers from 31,000 to 400,000. Page 27 also says PVG has now got activities in Ireland Netherlands and the Nordic region so if the pet health plans do well their 500,000 might be a long term goal.Fund managers are pouring in cash into CVSG having seen the quality of the earnings repeating each year till the pet goes to heaven.If PVG can push those plans with as much vigor as CVSG has done and make a profit on them we me and the hound will sleep sound in the woods.