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Did anyone manage to sell their shares?
As long as the Director makes money -- it appears that all small investors - lose their savings -- sorry investments -- lets hope Karma wins in the end.
The text below is from the smaller print in the RNS... so it is PVG that will be de-listing and it is probably in the best interests of the major shareholders but certainly not in the interest of private investors. So I would probably have to agree with 'absurd' and also 'dodgy'.
For the reasons set out above, the Directors believe the Delisting is in the best interests of the Company and its Shareholders.
Following Delisting, there will no longer be a formal market mechanism enabling Shareholders to trade their Ordinary Shares. While the Ordinary Shares will remain freely transferable, there will be no trading facility in place post Delisting and the Ordinary Shares will be more difficult to sell. It may also be more difficult for Shareholders to determine the market value of their investment in the Company at any given time.
The Company will consider implementing an off-market trading facility post the Acquisition or a relisting of shares on an appropriate index in the future.
Shareholders should seek their own independent advice when assessing the likely impact of the Delisting on them and their shareholding in the Company.
I read news feed bulletin and thought the company it was buying was being delisted, but apparently PVG are delisting? I would assume shareholders keep shares, its just harder to sell shares and to ensure fair conduct with share dealings when not listed on exchange?
I then read part of rns bulletin director states acquisition is good for the “shareholders”? Even though they are delisting in September. Also debt from acquired company seems to be taken on as shares on company. So share dilution? Very little info on delisting, as to anything and what shareholders are left with.
I'm not an expert but this seems a bit absurd, or something dodgy going on. Enlighten me please.
Looking at this PVG have bought the Simplyhealth Vet book. Which would make PVG the no.1 player in the UK market. By the looks of it simplyhealth get some money and paper in return.
Great deal, just a shame its going off market!
Dabbler1Posts: 939Price: 42.00No OpinionRE: Dirty Business30 Jan '2010 March 2017. Directors sold 2,350,000 shares between them at 225p per share following Interest from institutional investors. Not long ago PVG had nearly £3m in the bank.
The only thing I could make head or tail of, is the fact they are delisting.
Glad I sold out of here a couple of years ago.
I posted this on this thread several months ago:-
they are aren't they? it's a v confusing update
This has dropped as if PVG are delisting.. that's not the case is it??
What is going on with this share price?? 10p drop after that good news??
Mental!!!
Two flexible financing solutions make essential pet care more affordable in the wake of COVID-19
BOISE, Idaho – MWI Animal Health, a part of AmerisourceBergen and a leading distributor of animal health products, today announced two new offerings designed to increase access to affordable veterinary care as practices and their clients grapple with the financial impacts of the novel coronavirus (COVID-19). The offerings enable practices to provide flexible financing solutions for clients who may be struggling to afford quality care for their pets or who may just want more certainty in an uncertain economic landscape.
“As part of our commitment to creating healthier futures, we are always listening, adapting and responding to our customers’ evolving needs—particularly today as veterinary practices and their clients continue to navigate the long-term effects of this global health crisis,” said Brian Topper, Vice President of Product Strategy at MWI. “We know that COVID-19 has led to uncertainty and unemployment for millions of people who are now having to make difficult decisions. Whether or not to get necessary care for their pets should not be one of them. These new partnerships will ease the financial burden of both routine and emergency pet care, while also helping practices achieve more consistent revenue, long term client engagement, and, most importantly, better outcome for their patients.”
Through MWI, veterinary practices can now offer the following financial solutions to their clients:
Premier Pet Care Plan: The custom-built care plans provide gold standard medicine, such as vaccinations and preventative care, via monthly payments to help spread out the cost of routine products and services. By offering a simple, manageable way for clients to meet essential pet healthcare needs, and simultaneously removing much of the administrative burden from practices, the Premier Pet Care Plan enables veterinarians throughout North America to focus on what matters most – providing best-in-class care. Practices can get up and running quickly and manage their plans easily.
Scratchpay: This simple and unique financing platform is designed to increase access to healthcare through immediate and transparent payment plans and touchless payments. The platform makes patient financing easy and transparent for practices. Clients can apply for financial support in just 90 seconds via any internet-connected device. Once a payment plan is selected by the client, practices receive the funds in as little as two to three business days while the client pays over time with no deferred interest or prepayment fees. Scratchpay positions itself as the most accessible “Care Now, Pay Later” provider for pets in the U.S.
MWI’s latest offerings expand upon the company’s commitment to helping veterinarians manage the impact of COVID-19. In April, MWI announced a series of technology tools to facilitate virtual engagement between practices and clients.
For more infor
Very encouraging to see a massive organization publicise working with Premier Pet Care Plan to help combat the challenges of Covid-19.
Great article from MWI an Amerisourcebergin company.
https://www.mwiah.com/newsroom/press-releases/mwi-animal-health-announces-new-offerings-to-alleviate-financial-burdens-of-pet-care
Surely a steal at 40p??
Interesting comment in the interim results about AmerisourceBergen!
· During June PVG agreed a new US collaboration agreement with MWI Animal Health part of AmerisourceBergen and a leading distributor of animal health products to co-promote Premier Pet Care Plan nationally.
No post
10 March 2017. Directors sold 2,350,000 shares between them at 225p per share following Interest from institutional investors. Not long ago PVG had nearly £3m in the bank.
I can’t find the relevant RNS but there were substantial director sales near the all time high two or three years ago. That was not long after some institutional money went in.
Now they are basically saying that they don’t want to buy the business at today’s price.
I reckon this will go below 25p.
I did hold this a while ago but glad I sold when I did. Kept watching as thought I might buy back but can’t see myself buying until it is debt free like it was a couple of years ago.
And the loans at 1% compound per month! £500k borrowed turns into over £563k owning in 12 months.
A Director lends money to his own company and charges an arrangement fee of £100k! Money for old rope.
We could do with some news Dabbler1, got trapped here the last time PVG spiked over a £. Could do with the BOD taking us over and put us out of our misery.
Before results anytime.
The directors have got this by the short and curlies. Ordinary shareholders, once again are second or third class citizens. You would think that this and cvs group would be fine defensive businesses in uncertain times. Not on today’s evidence they aren’t.
That looks like a significant contract in the US and they are expecting to be in profit over there this year.
Starting to look excting again!
A bit. Now on the radar.
Any news why?
Hands up. Looks like I got it wrong here. Still think it will drop though.