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Read across from PETS at home.....people spending lots of money on companion animals.
Supportive social environment bodes well for Vets now and the future.
Ready to kick on from here.
Reiterates the positive drivers of this business....
BTW have you seen the price of puppies during lockdown....those pooches are going to need a lot of care in the future.
Just had a read of the RNS - looking good!
Those are all positive......the market wants survivors and then winners.
I think the future s bright on a 3-5 year horizon for CVSG..what the market will make of the results On Thursday is a guess. They have been flagged as good.....but if the govt clamps down on vets (can’t see why given they are operating safely) then it will be a big downer.
Either trade and be a hero/loser or do nothing and watch for next time.....but no regrets either way.
Friends in practices say they have had their most profitable 2 months ever - people sitting at home just looking at their pets, and noticing problems with them. Plus vets have mostly remained open during lockdown. plus reduced staff wages due to furlough. PLUS they have closed 22 loss making clinics. SP jumped around 10% at last trading update (based partly on 7.1% like for like growth over the preceding 8 month period). And they have just partnered with bristol veterinary school equine department - although this won't directly affect sales figures, it will promote business amongst the next generation of vets and further increase cvs profile PR wise. I reckon results are going to exceed expectations, and that SP will jump further - I maybe a lot further? But I am a newbie at trading, so I might be wrong - what do you reckon?
Returned from the Vet......they have sorted out a way of working under Covid.....can’t see why they would be shut down again....plenty of demand.
Obv a bad start to the week, expect SP to be flat (maybe up vs market this week)
I would be surprised if there is a massive uplift from here.
A lot must already be in the SP given the rise in the last 6months.
The trading update gave details that led to a price of 1270p.....so there could be an upward move towards that level.....but I would not expect more unless there are more positive statements.
My cats are getting their annual visit for the cat flu jab on Monday. The vet says they are working through a 3 month backlog so there is plenty of business to be done in the next few months. they will have worked through how to operate safely albeit maybe with increased costs But most of this should be passed on to clients.
The business seems to be operating with enhanced commerciality closing small units. I expect this will continue and that there will be practices available at lower prices for some growth to return in the medium term.
I see some upside from here, but perhaps only 10-15% over the next couple of years.
I am new to trading, but results are going to be big. I don't know how much of this is already factored into the SP though, although going to top up if further dips in next few days.
Anyone buying ahead of the results?
The results should be decent following the trading update.
Who can guess the market reaction these days.
I guess the chart showing revenue back to pre Covid days is reassuring and the statement about leverage reduction is useful.
I still think practices will be cheaper to purchase in future, so rapid expansion could be back on the agenda.
Will be this week. The sp reaction will be about forward looking statements. The last quarter will have been poor, but if it is stabilising / improving the mark down should be limited.
Anything overtly negative for more than 6 months likely to see an initial 10-15% off, but likely to bounce and recover 50% of any loss.
Looking through the current pandemic, CVS likely to benefit from lower acquisition costs.
Steady recovery since March 19th. Sector historically recession resilient. Profession quoted takings down 50 - 70% in April and 4% practices closed down. That means more clients to share. CVSG tends to bomb at intervals. I rode the last one up to 1160. Should have gone back in April. Balance sheet will tell, No recuiting problems at the moment. Waiting for 500 - 600 again.
Expecting that fee income will be down due to lower footfall for regular treatments and minor ailments.
Hoping that staffing levels have recovered positioning the company for a positive unlock.
Anyone else with views?
Seems v low coverage or activity.....would be nice to have a second opinion near berenbergs 1400p
As I wanted.....a decent update showing the business has continued to operate with stability.
Rebuilding investor trust.....and we will be rewarded with steady SP gains
I just don’t get 107. Using last reported 2019 EPS of 46.7 and current SP of 1240 I get P/E of 26.55
I suspect it reflects the last FY profits being v low and does not reflect the improvement in performance in 2019.......remember the share bombed to under 500.
P/E = 107 looks bonkers. Is that a data error?
RNS available on cvsg website appears to be what the veterinary surgeon ordered. Hope the market likes it.....although the good run may mean some profit taking today.
The strategy looks stable to exploit the strong fundamentals in this market...
But not accompanied by volume, so more likely MMs Walking the price up hoping to suck some day traders into the momentum....
I am hoping for a low market reaction to what comes out tomorrow.....just stable trading since the last announcement will be a positive.
I believe that veterinary services has a supportive demographic backdrop with more private medicine for pets becoming a long term trend......CVSG is well placed for profitable growth, as long as it does not get over ambitious and watches its credit rating and cash flows.
Bit of a rise today. news of good results leaking out?
Last year it was released on 29 jan and caused a significant fall.
The situation appears to have stabilised and hopefully there are no nasty surprises.
SP is largely recovered I quite a short timeframe......makes you wonder why there was such a fall in the first place.
And the update is mildly positive......a continuation of the H2 progress and fewer acquisitions.
Pets not going out of fashion.