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Nm
Based on the market size, the fact the company has done most of it spending on expansion, making a healthy profit and paying a dividend, the MCAP should be in the £2b range.
Just the UK alone the Vet industry is worth over £2b a year.
If there's not a TR1 coming on who the seller is then this is just the new level (which i find hard to believe).
see what happens when BoD dip their toes again. If they thought that 1800 was cheap last couple of years then 1550 must see them shovelling the stuff.
Yes should make good progress once the bureaucratic scroungers have gone back to their kennels.
Https://twitter.com/surprised_trade/status/1704740468876059006
Profit before tax increased 49.7%, final dividend of 7.5p (+7%)
Everything is on track still.
Not too shabby when your profit before tax increases by 50%.
“Nope sorry, the last two had the same time’.
FFS , you need to buy a book on investing and understand what an actual UT is.
Nope, sorry. the last two had the same time... either a rolloever or a UT. but doesn't matter as not a lot anyone can do about it, now.
we'll see what's what at 0700. and then look for TR1s later.
No they weren’t, they were trades.
The ones you highlighted were, i think UTs...
CVS should take the CMA to court for destruction of share price value.
CMA had no basis to release the news, as the price rises are due to the macro inflation issues.
More than £500 million was wiped off the stock market value of a big veterinary company after regulators initiated a wide-ranging review of the sector.
The Times understands that the CMA assessed the announcement and deemed it not to be market-moving, largely because it had not yet made findings or used its formal powers. Yet shares in CVS Group fell by a third.
https://www.thetimes.co.uk/article/competition-review-leaves-veterinary-group-looking-poorly-bz67tj5nx
It is a perverse situation that good results strengthen the regulators hand, and poor results mean the recent share price collapse has accounted for a profit warning.
FWIW I expect the Board will say soothing things about the CMA review, but it is only when the results arrive that there will be a change in the SP.
There was a lot of big multi million £ buys this week, and looking at the data it would appears these are shares being bought from the pre-2020 period, with the sellers making a profit now and the buyers expecting great results and dividend payments (win/win situation).
The fact that the British Veterinary Association has come out with a strong statement to say that CMA are wrong is great for CVS
The price isn't rising on folk taking positons. if they are then there's balanced sells also.
recent days have seen pitiful trading volume but the fact that noone seems to be loading up is relevant.
will have to see if BoD load up, post results and out of closed period as current price is well below their buying prices over the past two years.
exciting but also a bit nervy.
Well played by the MM and funds, even buys to sells as the hold down the price to clean up any spare shares.
results due on the 21st Sept, and company already expecting stellar results.
Get ready for a big re-rate back to the 20's!
Over £5m in buys today, and 3 trades alone are £1m each!
18-Sep-23 16:21:58 1,496.50 91,205 Buy* 1,465.00 1,468.00 1m O
18-Sep-23 16:21:45 1,496.50 91,205 Buy* 1,465.00 1,468.00 1m O
18-Sep-23 16:21:45 1,496.50 91,205 Buy* 1,465.00 1,468.00 1m O
Get ready for a massive run back over 20's!
Hi Beardozer,
Can’t comment directly on the CMA remit but the reason why independent Practices sold out was essentially financial as they were offered huge sums and many kept their clinical duties but lost the admin side associated with their previous owner/ clinical director role.
I know many who basically did not need to work again in their 40s/50s and the current trend is to reopen as an independent practice in competition to corporates.
ATB
I jumped in again this afternoon, the trading is starting to gear up.
From the July Trading statement:
FY23 Financial Highlights:
Continued organic revenue growth with a 7.3% increase in like-for-like sales2 (FY22: 8.0%), consistent with the Group's organic revenue growth ambition of between 4% and 8%;
Adjusted EBITDA3 margins also expected to be within our stated ambition of margins between 19% to 23%
As such, expect great results on Thursday!
Been reading your posts with interest. First thing that comes to my mind: have you read any books about investment?
Before or after starting to invest: both are commendable.
Second thing is that by now we all know your OH is a vet.
Third thing is that you're an investor in SMT where timing really was everything.
There's a huge difference between investing in an Investment Trust and a single company where timing still remains everything!
Best quote: "Not sure about the uncertainty".
That goes for most of us! Obviously, CMA interest is going to have a negative impact on the SP and "wrist slapping" could be a huge underestimation. If there's talk of lack of competition then surely forced sales of practices must follow - totally illogical but what would anyone expect? The CMA could try asking why independent veterinary practices sold out but why bother? I bought the day it plunged and now wish I'd sold the following morning when it was up 240p. This sort of cloud can hang over a share for a long time. So a golden opportunity for a takeover while the SP's depressed?
Have towonder when, exactly, is the reversal going to kick off! into the weekend? will need to see 1580 stick before i'll believe it's finally happening.
gla