The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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This will be back over 1000p soon. Just made an animed order for cats flea and worming spot on treatment. Nearly always cheaper than elsewhere. How can CSV be the best value but still ripping off customers? I think this will settle around 1100 to 1300, still uncertainty but shares are too cheap down here imo.
Shear/,they have already made their mind up ,whatever that may be. As for internal meetings and procrastinations, they are probably taking their dog for a walk in the park. As they all work(dont make me laugh) from home.
@steviewonder, 2 days to decide whether or not they do a full market investigation, with all that would entail? Surely you can't be serious? This is a public body, any decision will likely require dozens of internal meetings & procrastination
They closed the initial consultation in November and didn’t report until March. I doubt they’ll be rushing out their final verdict. The tone of the initial release is very negative and it’s absolutely clear they want to do a full investigation and try to flex their regulatory muscle. Unfortunately, it’s also clear that the CMA has a very poor understanding of the sector. The report is all about justification of their chosen course. I find it quite frankly utterly bizarre that the CMA have decided to target the veterinary sector given their complete absence of interest in changes to optometrist and dental services in the UK or of course fuel stations and supermarkets in general. Let us not forget that their staggering action against petrol stations was price comparison websites only even after disclosing years long price fixing!
There is also no acknowledgement in the report that the consumer respondents are likely to be disproportionately dissatisfied clients so most of this feedback was always going to be very negative. Any attempts by the CMA to set pricing beyond prescription fees will be farcical as practices will simply increase other fees to make up losses and consider reducing provision - this has already been seen with European travel certification. Ultimately, what is to stop consult fees rocketing even further to compare to private doctor fees? The CMA need to be very careful or they’ll inadvertently hurt consumers. As has been stated before on here the margins of the corporate groups are not eye watering so I think they will face stiff resistance to anything punitive.
Shear/yeah,take 2 months and leave companies in limbo. It should be 2 days maximum.
5.9
"Following careful consideration of the responses to this consultation, we will publish a final decision on whether or not to make an MIR in respect of the supply of veterinary services for household pets in the UK."
If the consultation closes today, surely 'careful consideration' means a month or two?
Just seen 5.4 in link I posted and deadline for submitting response is 5pm tomorrow so maybe no full response tomorrow
FYI this is full consultation document proposal which will be finalised tomorrow and May be of background interest.
https://assets.publishing.service.gov.uk/media/65eee4015b6524420bf21a93/Veterinary_Services_for_Household_Pets_in_the_UK_-_Consultation_on_proposed_market_investigation_reference.pdf
I was referring to communication tomorrow.
Do think they will investigate further and that full report could take 12 months or more but I am looking at the detail of what areas they want to look at closer.
I can then judge how it will affect the industry and especially the individual corporate groups like CVS.
When will the CMA report be released though? The consultation closes tomorrow, but that doesn't mean they will be publishing their decision on how to proceed any time soon...
Morning yes the CMA report should be revealing.
The general thrust is very predictable but the fine detail is the important bit and how the corporates respond.
I've joined in with 752 @ 930p... & let's see what happens next once the CMA reports.
Monk/ive been buying this daily ,today i paid 933p. I have my position now ,so i shall wait for the report. This isnt being shorted ,so theres no selling pressure .None of the big institutions have been selling The world and his dog knows this is dirt cheap. So its all now down to the report.
Nope, still dropping.
Pleasantly surprised by the relative lack of a drop today after the release this morning. This makes me think we might be nearing the floor now. Keeping powder dry until after the CMA announcement later in the week.
Brillo/ whats with the negative vibes? Im also holding DARK,they will be in there and will have it sorted, in no time. It looks like the SP is going nowhere until the report comes out on Thursday.
Yep, still no floor i think. Recent news of a complete computer shut down and huge data breach i see. Run for the hills! [LINK REMOVED]
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.