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My GOD 2 massive buys
15:50:39 1,600.00 30,000 480.00k O
15:50:39 1,600.00 30,000 480.00k O
"now all effect" meant snow ball effect
Think Stop Losses must have been activated so by causing a now all effect on the share price looks like bottom feeders have piled in like my self as she's creeping back up
Angelis. I agree it has been falling recently and I have watched it with dismay. But a further £3 drop in a single day seems to me to be overdone. Maybe you disagree ?
Bought in just for the bounce way over done lets see Monday will be happy for a 5% increase
rugs, its been selling off for months. Its come down from 2500 where you been, the moon?
Seems ridiculously overdone. All because of 5 small vets. Surely the market has misjudged this?
I can not believe the drop, I thought a lot of this news was already priced in, I’m now thinking we have another obstacle in our path!!!
79k buy confidence here
looking better more buys now, guess people in early panic
I guess the strategy would have to move towards more acquisitions in Netherlands and other European states if it becomes more difficult to pursue UK practices. As we already own some in Netherlands that looks an opportune market to grow in the medium term.
1M says this is moving north!!!!!
SP started decline since the news broke out that CMA was investigating their recent acquisition deal. For a high P/E stock like this to justify it's high ratio it banks on its M&A strategy to drive future earnings growth. If it can't easily acquire more vet practices then I am not surprised the market start to doubt CVS group.
Agreed. I thought the numbers were positive and don't understand why the market has marked the shares down.
I’ve been watching from the sidelines and was surprised to see such a big fall in sp. However, the trading update this morning has tackled the staffing issue head on saying there has been a 9% increase in vet numbers over last year and vet vacancy rate remains stable at 10%. Revenue up 11.4% (yesterday pets at home reported vet revenue up 4% so CVS giving better performance here). A lot to like here at a bargain share price so I’m buying in this morning again.
This really is pants.
Despite all the positive news i am nervous that inability to recruit could in the long term prove damaging. The sp fall makes me wonder if the smart money has moved out Staying put as an investor for the "long Hall". Hope i do not have big regrets.
We forget this is still an AIM company despite the massive MCAP. Chart shows several 15 - 30% fulctuations from time to time such as you can expect from the likes of Braveheart etc
If it was a buying opportunity yesterday at 2390, what is it today at 2165? Never will understand SP movements!
Sales up 13.4%, marking up 50bps.
Sell the news….creates a buying opportunity
Staffing levels should resolve with higher pay…as long as it does not morph into poor service it is containable and .the customer will pay more. who will say they let their pet suffer.
My dog got bitten by another dog yesterday…..owners ran off. The check up and some antibiotics cost £84 which is a billing rate of about £300 ph….comparable to private medicine/dentistry….if the managers/ directors get greedy and price gouge clients when they are vulnerable that is when the reputation of all vets will suffer….
The ever going staffing point is making me nervous. Still holding but in two minds.
Your feedback from the frontline is valuable.
It is a people business…..neglect them at your peril…..
Staffing was a major concern in the profit warnings a few years ago. They are atleast being more transparent about vacancy rates.
The SP s certainly fully priced….and I don’t fault you for moving on from this share.
I must be honest and say I’ve just sold my shares and had a fantastic run. This really looks over valued now. My own concern is in recruitment as I have a close vet friend working for CVS and they feel the workload has increased but without a proportionate increase in new starters. Therefore CVS may be right to say they have a stable vacancy rate but this ignores the business growth and you only need to look at recent news articles to see there is a recruitment crisis in the profession. My own (CVS) vet is a nightmare currently as cannot get appointments quickly and staff sound broken when you speak to them - they’re a lovely lot. I fear a CEO with strong a financial background is at sea when it is the people that deliver results in this service sector and he seems to be failing to understand the problems in this company. I’m out but good luck to the rest of you.
Press release from CVC Capital Partners just now saying they’ve bought Medivet, a 300 site vet corporate, for £1bn. Should be good news for CVS ahead of full ur results next week.
CVC Capital Partners VIII has agreed to acquire a majority interest in Medivet, a leading veterinary care provider in the UK, Germany and Spain for an undisclosed amount.
With over 350 branches in the UK, Medivet is a leading provider of veterinary care, delivering a full spectrum of small animal health services including routine check-ups, 24/7 emergency care, lab & diagnostics and advanced surgery to companion pets across the country. Medivet has a clinical excellence led ethos and unique partnership model delivering a gold-standard of clinical care to patients, whenever and wherever they need it. From its UK foundations, the company has recently expanded with operations in Germany and Spain, with ~50 sites in Europe in partnership with local founders.
With CVC Funds’ backing, Medivet will pursue a strategy focused on driving both organic and inorganic growth, while further enhancing Medivet’s established reputation for exceptional care and service to its clients. Benefitting from both CVC’s UK presence and strong international reach, Medivet is poised to continue its growth as a leading provider of veterinary services in the attractive animal health and wellness sector.
Commenting on the announcement, Deirdre Burns, CEO of Medivet said: “I am delighted that CVC has decided for its funds’ to invest in Medivet to fuel and support our ambitions and growth plans for the UK and Europe, and look forward to working together to bring them to fruition. Over the last 34 years, our Central Partners, Branch Partners and all our people have worked hard to build an outstanding business, centered on delivering exceptional care and service to our patients and clients. In the last few years, the management team have built upon these foundations, transforming the professionalism of our functions and operation, and we are primed to continue our expansion – both in market presence and in the depth of our clinical care, service and expertise.”
Arnold Levy, on behalf of the founders of Medivet, said: “It is with great pride that we see Medivet in the position it is today, and would like to extend our congratulations to all our outstanding staff who endeavor daily to make pets’ lives better. Deirdre and her management team have worked tirelessly to build on the Company’s track record in recent years, and to ensure it is well placed to continue its growth in the years to come. In CVC, we have found a new investor and partner who appreciate our industry, our business and its model and we wish them all the best for the next phase of the journey.”
Dominic Murphy, Managing Partner and Co-Head of UK Investments at CVC, commented: “Medivet is a fast growing and attractive business, where we are delighted to be backing the management team, led by CEO Deirdre Burns, to further grow the UK