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Started: Yorkshireman, 28 Sep 2020 21:23
Last post: Billy157b, 16 Oct 2023 07:21
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!
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??
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.
Started: Gbbp2, 10 Jul 2020 14:08
Last post: Gbbp2, 10 Jul 2020 14:08
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
Started: Gbbp2, 7 Jul 2020 08:48
Last post: Gbbp2, 7 Jul 2020 08:48
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??
Started: Gbbp2, 29 Jun 2020 09:14
Last post: Gbbp2, 29 Jun 2020 09:14
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.
Started: abiconnect, 31 Jan 2020 08:19
Last post: abiconnect, 31 Jan 2020 08:19
No post
Started: beardozer, 29 Jan 2020 11:06
Last post: Dabbler1, 30 Jan 2020 14:38
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.
Started: Dabbler1, 9 Dec 2019 11:34
Last post: 13martyn13, 9 Dec 2019 17:24
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.
Started: Dabbler1, 29 Jan 2019 10:37
Last post: Dabbler1, 29 Jan 2019 10:37
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.
Started: Gbbp2, 10 Jan 2019 09:09
Last post: Gbbp2, 10 Jan 2019 09:09
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.
Started: abiconnect, 6 Dec 2018 10:05
Last post: abiconnect, 6 Dec 2018 10:05
Any news why?
Started: Giveusaclue, 24 Oct 2018 10:50
Last post: Giveusaclue, 24 Oct 2018 12:32
Hands up. Looks like I got it wrong here. Still think it will drop though.
Thanks for the straightforward reply which I found interesting.
Not ridiculous in my view. Gone from over £3m in the bank and heading for more than that in debt at high interest rates. The American adventure was worth trying but it has never really worked. Millions spent for 9,000 customers. I reckon every customer there has cost about £500 to sign up and that rate is not falling fast enough to turn the situation there around. A shame because the home business and the Dutch business is doing well. I think this will drift down to circa 35p in the coming months.
Things are going a bit slower than anticipated but customer numbers are increasing so a 43.5% drop in the share price seems a bit ridiculous. I wont be investing more in PVG but likewise I wont be selling any of my holdings either.
Started: Yorkshireman, 15 Oct 2018 18:50
Last post: Yorkshireman, 15 Oct 2018 18:50
Selling my shares - i predict £1 plus by next week :D and soon back to where it should be ...gl all investors .. i could sell now and more than double my money .. may sell some when about £1.50 but will keep rest long term.
Started: Yorkshireman, 13 Sep 2018 19:58
Last post: Yorkshireman, 13 Sep 2018 19:58
When this goes - i recon it will go big........ watch this space :D gl all
07-Sep-18 15:39:39 70.10 40,000 Sell* 69.00 73.00 28.04k
Best of All
Interesting, What makes you say that? The company was over valued at the time. however the instatuions invetsed at that kevel for a reason. So asumming issies are fixed and more opportunities like the US turn up why would we not see the same value come back?
Fair Value remains at £1 .
The past is not relevant to this company .
Of course better sales may dismiss current MCAP estimates.
Best of All
Steady she goes..... some more good news could see this stock boost right back. Looking to see some solid progress in the annual report!
Significant move towards £1 continues.
Well done All .
53p finish.
The trend up to £1 fair value, continues.
Best of All
Started: Gbbp2, 28 Aug 2018 08:43
Last post: APAcquisitions, 31 Aug 2018 23:37
Looks like some opportuist profit taking is holding things back a little after 2 great peices of news!
Many thanks Gb.
I watched this drop from 100p to 44p where I bought in expecting it to bounce, nearly panic sold at 25p but am holding tight!
Pre-price drop this share was heading to £3 per share and the instatutions got involved at £2.25. Lack of cash and a few unforseen issues in the US lead to the drop and it looks like the insations jumpedmstraight back out as soon as they got in. With the huge contract in the US signed it is now only a matter of time before the numbers start to look like what they should. Any more news like we had last week and the could go north of £2 now shirt term and be worth £3/4+ longer term. Not very scientific but if you believed the stiry before then you have ti believe it now!
Started: APAcquisitions, 26 Aug 2018 15:35
Last post: APAcquisitions, 26 Aug 2018 15:35
got an idea of 'fair value' here and how they reach the figure?
Any calculations or just 'gut'?
Many thanks, AP.
Started: Yorkshireman, 15 Aug 2018 18:47
Last post: Yorkshireman, 15 Aug 2018 18:47
Let’s hope this is only one of few irons in the fire and I am sure we’ll get there! Looks like a few disgrutalled institutions still don’t believe! With this news sub 50p are a bargin, you could get this price on day one.
Nah -- lets get back to £3 plus a share and more - this as the saying goes -- cheap as chips - if all goes well in America - this 10 bagger at least at this price.... Hold and buy ... gl all
Started: Gbbp2, 15 Aug 2018 09:28
Last post: bbr391, 15 Aug 2018 17:37
That sounds like a good plan Gbbp2 .
Looks like we could be here awhile.
Today`s news was great & may filter through slowly into share price .
Best of All
Signing a corporate like this in the UK was transformational to the the profitability. A big corner turned here! Before too long this business should be strong on all 3 fronts.
Last post: bbr391, 15 Aug 2018 08:11
Large contract.
Hopefully leading to better results.
Best of All