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Iron/ive been doing this a long time. Ive come unstuck a few times but they pale insignificance with my winners. Thursday is a big day,i should have my position by then. Then if it goes up,its a long term hold. If it gets beaten up,i will end up with a bigger position. GLA
Loved your final comment, stevie.Keep buying and how you make "akilling".
Iron/i agree. Im not too worried ,what ever effects us will effect our competitors to some degree. In the long run it might be beneficial for us. As for the SP ,it will depend on earnings ,if the earnings are ok the SP will rise. I would like to thank the CMA because they have given me the opportunity to buy this cheap
The CMA are a bunch of weak pathetic pen pushers. They see an easy target in CVS. BIG price control companies they would not dare challenge. Like all government funded scroungers they move VERY slowly so it will be many months before they go away. So the sp we can expect will show little movement for many months , i fear.
Joo/ i hope your right. How did you come to that conclusion ,was it in a dream?
Dick .
Well good luck with that pal
True its sliding down
think will bottom at 6 then start to rise
Gary/Im not a trader. I do add and top slice but i tend to hold for 5yrs on average. I bought this about 3 yrs ago for £14 i only sold it for £19 because i needed the money for something else. Im now building a position. i have 13K shares,i would like 30K. Im happy to buy under £10. We all have our own strategies ,for me its about risk and reward. The market hates uncertainty.i believe the market has overdone the drop.
Hi Stevie. It's a bit more civil over here.
I've traded this a few times. When it moves it can move well.
I managed to make a positive trade over on SDRY 1st think so bought on here again. Average is 969.00 for me.
Best wait a while longer 🤔
Looks like it.
No signs of turning yet .
Ive bought more today ,,"when theres blood on the streets"
This is still dropping convincingly. Headed for £9 or lower at this rate. Bizarre.
Hi All,
Some good comments and in general agreement.Will look at next CMA response and judge accordingly.
Fortunately I know this space like the back of my hand so confident I can predict the impact of any investigative action even if not the timeline.
Enjoy rest of w/ end
Monk/im 50/50 on whether we will see a drop in the SP after the report,it could go either way,but it doesnt matter because it will come back to £20, in the short/medium time. Opportunities to buy quality companies at cheap prices are few and far between . I also heard the interview on Radio 4 by the CMA representative. I thought she was "playing to the gallery".
Monkfish I'm not sure it will necessarily drop more. I mean it's already had 2 significant drops. Market pricing in the worse.
Let's hope the measures announced and enquiry are not so majorly punitive . The announcement after April 11th would have an investigation period of 18 months so a long period to go through. But with the company making more acquisitions in Australia will hope to offset some of it?
Totally agree. I suspect this will drop more on the next CMA announcement. Business impact as most of us agree will be limited in reality but that doesn’t seem to matter at the minute. It’s pretty damming that the CMA have decided to flex their muscle in the veterinary sector yet the limit of its action on the fuel stations monopolised by supermarkets was to suggest a price comparison website in spite of concluding long term price fixing. In a Radio 4 interview the CMA representative went to lengths to emphasise their powers to act on unfair pricing by directly setting prices. Shame this approach wasn’t taken on the supermarkets! I just hope they aren’t too cavalier in their next announcement because ultimately I don’t think they’ll do much at all other than limit prescription fees and possible drug mark up and suggest practices publish prices on a website. If drug markup is limited, this loss of revenue will be recouped via higher service fees and the CMA can’t justifiably interfere with these. As others have mentioned, the profit margin here is not excessive by any means so they can’t use that as a stick.
Clients need to get used to appropriately higher fees and the fact veterinary practices are private businesses. There is no NHS for pets.
Ivy/totally agree.the SP is in limbo until the report comes out. I have been buying this week and probably will next week. Its just too tempting at these prices. If it goes down on the report i will"back up the truck".
Morning don’t see any movement out of current range until 11th April when next CMA communication comes out.
Then depends on what action they decide.
If they go for a full investigation then this could drop further not on fundamentals imo but on general sentiment so lot of money waiting on sidelines but this is not a typical AIM stock
Morning all,
Had a good read back through previous posts and interesting that PI'S been buying around the 1500 mark in the hope shares go back to £21. Alot been buying on way down.
Shares closed yesterday at 977p. Seems a hell of a drop.
What's the view from LTH'S on where the SP goes from here?
Also do you think they could be a takeover target now?;
Don't see many posts of PI'S buying ATM. And price seems to be in the 970 - 1050 range bound ATM. It can't seem to sustain any rise....
Many corporate groups allow varying degrees of clinical freedom and CVS are one of most restrictive and have a lot of white label products but they could argue that helps keeep prices competitive.
No worries,
It is not CVS way to respond in same way but they have along with couple of other corporate groups made approaches to CMA about a more limited half way house investigation but not sure if that will work.
You have to look at individual corporate models and how any possible wider investigation may impact the different groups and the fact the SP here has fallen so much.
So the underlying business here is still robust and they did make most of there U.K. purchases a long while ago so less likely to be in a monopolistic situation locally and plus they have been very careful with U.K. purchase since as well as establish new Practices like Southport.
They can easily change their local names and they also have ANIMED so an on line presence plus Vet buying group as well as related business.
So yes they have a big exposure to Vet market but as I said SP has halved and I believe the CMA will leave them relatively unscathed so imo this will bounce back nicely in time.
Thanks Ivyspivey, for your comments. Perhaps a more robust response from CVS should have happened. We agree the drop is overdone. Wish i had spare cash to buy in at these silly low valuations.
Better day today.
PAH are much less exposed to the specific Vet sector than CVS and also they issued a more robust response based on their specific model.
However still believe this drop is well overdone
A little more life in it today. Let's hope that we don't see below 1000 soon. And we begin to get nearer a more sensible valuation. Fall here has been overdone ....