Member Info for Monkfish6

I’m looking forward to the MGM quarterly update at the end of the month. I’m buying every few days currently. No doubt we’ll see a decent bounce on those results. Even if it’s short lived it’s a great opportunity for a short term return. In the medium and long term I cannot see how you can fail to make profits at these very low prices, even with the increased regulatory scrutiny that abounds currently. IMHO, this is significantly undervalued currently by the market. The broker ratings and targets alone make it attractive longer term.

Absolute muck. All time lows. I fear it’s drifting lower unless a really positive trading update comes tomorrow!

Unless the trading update is very positive on Thursday this may well have a ways to run. Looking it’s crazy that this jumped like it did in August and has since given all that back and more on comments made by another company CEO. It’s clearly a share under a lot of pressure.

Same pattern every day. Small rise in morning then bigger drop in afternoon. Absolutely rubbish. No bottom in. Looks to be headed for £2. Pathetic.

This just keeps dropping. Incredible to see a 25% drop in just two days. You’d think this was an Aim stock. Presumably, a trade update will come on Thursday and if it’s positive I believe we could see a decent bounce. If not it could get really ugly. I dabbled on Friday in this on the back of what seemed an exaggerated drop but am already regretting it. Cash position is strong with clear objectives and progress. Unfortunately, too much short interest but otherwise good signs.

Stupidly pulled the trigger halfway through Friday not expecting a further 15 point drop in the afternoon so pretty nervous this morning. Looks like a classic market over reaction. Surely, if they’re aiming for cash positive next year this has gotta be close to the bottom. I presume the huge capital expenditure is on CFC construction so surely as time progresses these costs will reduce. Looks quite promising longer term but SP performance has been appalling from day one. Is it just a money pit?

I hope the shorters are starting to get a bit hot under the collar. The vet sector is bouncing back as the CMA looks to now be justifying its investigation but ultimately enforcing little as the corporates show signs of moderating prices. Surprise, surprise, the CMA is revealed to be toothless as always. The vet sector was a soft target rather than taking on supermarkets or energy companies. Headed back above 250p I reckon.

Absolutely spot on Teddy. The veterinary sector is a very easy win for over zealous regulators because of utter ignorance from the general public given the emotion associated with pet health care and a misconception regarding excessive costs. If only the CMA applied such stringent judgment in the supermarket sector, we might all be a bit better off. The investigation was always a sham.

Short positions continuing to increase. Now at 3%. The market hates uncertainty and the stinking hedge funds love it.

There’s also a new short position been opened. There are some red flags!

I’m finding the price action here more and more surprising. SP clearly headed sub £9. A price not seen for 4 years. They do say don’t try to catch a falling knife and it appears this is continuing to drop. At what point the market will decide it’s fairly valued is totally beyond me at this point. Knowing the industry well I’m completely perplexed by this valuation to be frank but it seems the spectre of the CMA and a weak set of results has made this a dog for now. Illogical.

The way the SP is walking down 0.5-2% every day looks really contrived. Most days there are minimal sells so the drop doesn’t make sense to me at all. It’s now at a price not much over what it was at the start of Covid. 550 plus vet practices along with labs and crematoria. At this price each practice is valued at about a million only. That is nonsense. Yet Pets at Home remains intact??

As has been suggested previously, is there a profit warning around the corner. It appears the smart money knows something that the dumb money doesn’t as per usual. My only thought is that the forthcoming NI hike for employers is now weighing on this. The fundamentals remain unchanged and debt is going to get cheaper moving forwards. The market truly is crazy much of the time. Oh well, hold and wait and average down a touch.

This has sunk consistently since full year results released. Every day down about one percent. I can’t justify why. It does seem rather oversold but there’s no sign of any let up. Any thoughts hive mind?

6% drop and still going today after new investor. Ugly - what are they gonna announce tomorrow for us retail clients? Worrying.

There’s been a significant SP drop after an initially favourable response to the full year results. Mcfly raises some valid concerns. Although, the reality is that the CMA cannot specifically target corporate groups over independent practices with their very limited interventions. All recent UK CVS acquisitions were pre authorised in effect by the CMA so they can’t force sells on CVS. In addition, things like a limit on prescription fees will be sector wide and be a non entity in terms of financial impact. Ultimately, the CMA cannot control practice fees. Take a look at Petrol Stations - they only want fee comparison tools which will be pretty impossible for practices beyond very simple procedures.

The issue for me wrt CVS and all the corporate vet groups is the inept, unnecessary layers of middle management that provide poor value for significant costs.

As borrowing costs reduce, profit here will increase. I wonder whether CVS wants to be taken over by a bigger entity or private equity as an end point. The loss of senior vet executives recently is relevant and of concern IMHO. Is more going on behind the scenes?

An alt season doesn’t appear forthcoming this cycle. Will keep a close eye on KR1 over the next couple of years and dip back in due course when the price has further retreated. I think the directors need to negotiate better seed money terms in future.

Portfolio value according to Cointracking now only a smidge over 86 million pounds. That’s a staggering 70% drop in the past 5 months. I’ve changed my mind. I think I’ll wait until 28p before dipping back. Ugly!

35p soon enough then might dip a toe. This could drop a lot further. Tia will be worth jack by the time the 12 month lock in is over.

Down, down, deeper and down.

I’m watching and back in at 35p.