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Why would it move when it is simply in line with expectations..ie no nasty surprises.
The SP was cratered by the CMA and probably the economic outlook which again seems to be in line with expectations or even a bit ahead.
The market often seems to over react to CMA reviews which turn out to have limited impact…..my guess is that this will rise 20% when the CMA result is known…..IMO there are likely to be increase price disclosures to customers and some undertakings not to load prices of on-premises sales of medicines, there should be greater clarity about the level of local competition that has to be maintained…..I would bet that most people use the nearest Vet and few choose based on price. It is private healthcare after all and the vets can charge more or less what they want to.
A bit more admin, a few forced disposals……not much to get too excited about…and to compensate - then divert some growth investment where it has more effect (eg Australia).
Anyone care to put the downside case?
Joke share this is
...the shares didn't budge!
Fair value...(that'll do...)
2,122.9291p
26% discount
Updated 14/11/2023
Https://www.youtube.com/watch?v=im0jnSNYB1U
11 mins in
Medivet has ambitious plans to expand so are obviously not too worried about outcome of CMA Report
I think this is shorts taking advantage of low volume through their algo sells, they are the 5cum of the earth imo
Just a reminder as the share price appears to have forgotten CVSG is in excellent shape 👍
Revenue increased by 9.8%, to £608.3m from £554.2m,
The Group delivered adjusted EBITDA growth of 13.0%, to £121.4m from £107.4m
Profit before tax increased by 49.7% to £53.9m from £36.0m
Proposed dividend per share (p)7.5p+7.1%
Cash generated from operations (£m) £107.9m+15.9%
https://www.cvsukltd.co.uk/wp-content/uploads/2023/10/CVS-Group-plc-2023-Annual-Report-and-Financial-Statements.pdf
The whole market is up - even Aston Martin...
Yet CVSG is down... what the actual!
What do they know we don't - or what do we know they don't...
Hopefully it's the latter
I might half jump off at 1700p...
It is moving up because the SP is so undervalued and the CMA debacle will evaporate. Just don’t forget to jump off at 1700p .
Not just that - many of the Covid pets are breeds that are problematic...bulldogs for example. Anything with short noses or lots of flappy skin...
OH is a vet, if I haven't mentioned that before ;)
The big money is in referrals - she went to visit Dick White's referral centre last week - HUGE referral business at Six Mile Bottom near Cambridge.
Agreed, Covid pets will only just start needing more than the usual treatment in the next year or so overall I suspect.
Any ideas on why the price has show up in the last hour?
Of course smaller dividend means more to reinvest. The *theory* is that dividend payout % has little effect on overall long term return to the shareholder. But a small % payout does make it less attractive to some investors..
I'm quite happy that they keep the money to reinvest as demand for vet services is only going to increase...all those Covid pets getting to ages when they start to need more expensive treatments
This all started with the fear of the CMA enquiry. Price is now not reflective of the business IMO. Results look solid, only thing is the Divi is tiny % which wont help, other than that just need some good news (or the CMA to sort itself out) and this will fly back the other way.
I bought back in here again today, great Business. I would not worry about parking your cash in here if you are going long. I am hoping it will be pushing 1700p in the next few weeks.
Sold 560K, bought 1.74M. Suspicious how SP could drop 4% today
Maybe general market decline of up to 10% hasn't helped...
Becoming a target for a takeover?
Have to sit on my ~£4k's worth of shares for now...
It's getting silly now 🤪...2100p 6 weeks ago to 1400p today in company that is sound and as stated by the brokers ' the Competition and Markets Authority’s review is unlikely to result in a negative outcome''
Nope! seems scared to leave 1500, like a child clinging to its mummy.
i have no idea what the trading in this means. beyond my understanding.
daresay it'll get back to the old level at some point but what triggers it, beyond a buyout...
Most broker targets are still north of £21 so...
No sign of BoD buying even though their historical buys seem to have been around 1800?
bounce almost happened, up to 1690 then fell back and trapped a few, i'm sure. at least it moves slowly so plenty of time to decide what to do but, still... odd!