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Yes, still plenty of upside here. Results on Thursday will be positive as trading statement said. Analysts will need to upgrade their views significantly following that. I expect £20 will be reached and likely to top out there for now.
Just because it is at an all time high,doesnt mean it cannot keep going, yes,we will probably get a pullback soon,but that could be a buying opportunity. Look at the big picture,we are still tiny,i expect this could be in the 250 before long and eventually the FT100,you will then be looking at 10x your money
Well over £18 now, has the realistic value of CVS at last been reached ?
Lots of sell orders late in the day. Does this mark a current top? It certainly has exceeded my expectations.....but I only have a small holding here so may run it.
Much better. Just took the market a while to react.
8% in a week....is that what you were looking for? And a new all time high after peaking in 2017 and then crashing below 400.
It seems a steadier business these days with headlong expansion behind it.
Measured M&A now seems possible. I suspect there are quite a few small practices that will seek shelter in larger groups post COVID and of course there has been a boom in petcare. The long term commitment of owners will show through in 5-10 years as the pets age and they are offered expensive treatments.
IMO this is a good 10 year investment (just keep an eye on management that they remain prudent and do not pile on too much debt)
I do struggle to understand the lack of enthusiasm here. This stock should have broken the stratosphere. I guess the March half year results will have to spell it out more clearly to the market. Have now got 20k shares and plan to add more next week if this fails to lift off. There is no question there is huge value to be had here.
Berenberg @1700p
Just a Wow from me.
JWOWW
An even more positive update today than the full year results. Sales, EBITDA and staff numbers all up. That analyst upgrade is yet to come but this stock is screaming for it. We should be north of £16 and more with this announcement. GLA!
Last year 7 Feb with interim results end of March.
SP has taken off in the last two days.....pets still big business in lockdown which means 10-15years of solid veterinary income.
An end of year issue is likely to be vet vacancies and wages....Brexit requires a lot more inspections and certification. Could be a new business for CVSG or a risk of losing staff.
The sp may also be reading as cheap when compared to the potential IPO of a large vet group.
Amazing to see the SP at all time highs.
Interesting days.
There seems to have been some unexplained positive activity in the share price today and a trading update is due. More good news ahead? Pets at Home already reporting strong results for last quarter.
These are crazy figures. Each practice, on average is valued at 20 million. Some of these are small referral practices or recent start ups e.g. Livingston. If this valuation adds value to Mars then CVS is looking good, 7 referral practices on last count.
Mars has deep pockets. 80-100m is out of CVSG league without a fund raise.
Still it provides another comparator for analysts to value CVSG.
Well on its way to 1500. An A* rating from Mr Market.
I dont think this could be better. EBITDA increased in size and margin compared to this time last year. Above budget. We will have to have a re rating in the next few days. This should easily reach £14 and cover the lost ground from a few years ago. A new all time high? Maybe by January.
Really very good.
Sales up, margin up.
Three small acquisitions.....I think there will be many up for sale as owners retire or look to combine with others having gone through the pandemic on their own
The trading update should confirm strong Covid catch up and more cost controls (closure of smaller practices)....offset by additional cost pressures.
CVSG has survived and is on a good course, tomorrow will help consolidate recent gains. I can see further progress in the SP but maybe 2021 rather than now.
Last chance to buy ahead if interim results tomorrow morning. Expecting positive things. Am a big shareholder here. Pets at Home released yesterday with positive update and continued strong sales. GLA.
There is an article on the FT, the gist is the IVC business was marketed at an enterprise value of €3bn Last year and nothing has changed so how can this be worth £10bn....it implied this float is an overpriced private equity offering to avoid.
That said it makes CVSG something of a Relative bargain.
IVC is planning to float with valuation of £10bn. IVC is not 10x bigger than CVS. Could an upgrade be on the way? Interim report due on thurs so well worth buying ahead of update. Vets are flying, see Pets at Home.
https://www.google.com/amp/s/amp.ft.com/content/4a5bb92e-162b-404c-a156-2cfb5a305ddf
"CVSG has confirmed it has pulled out of a £5m partnership with the UK's newest vet school." (Keele)
They said they have made the decision to minimise financial impact and ensure medium to long-term job security of its colleagues due to the uncertainty in the global economy caused by Covid-19. . .
Tight ship or what?
Did not think a vaccine would be a big negative!
Can only think traders are selling safer more steady investments to chase the sectors beaten down by Covid...today’s gains may prove illusory once it sets in that the vaccine will not relieve the world for another 12-18 months because of production logistics and Healthcare capacity issues
This is always a good steady earner. Agree snap these up if they go under 1300.
The trading update should be positive....as the vets have been operating in catch up.
Good news they can stay open in the latest period of restrictions.
I also expect a few more branch closures to be announced as a useful cost management exercise.
The SP has recovered over two years...reasonably priced at present.
Buy if it goes back under 1300.