valeite
03 Apr 2017
Re: cvs well spotted delotte . used to own dignity but sold out too cheap hence my purchase of CVS which is ,as you say, a similar business model with plenty of room for growth .money has to remain cheap of course
delotte
03 Apr 2017
cvs Has anyone noticed that the ceo of DIGNITY is a non exec at CVS?DIGNITY have exactly the same business model (buying up small independents and centralising admin, purchasing and finance)Also both operate crematoria.DIGNITY's progress has been unspectacular of late... a bid for CVS would provide a logical springboard.
valeite
31 Mar 2017
Re: Earnings Highlights another excellent set of figures as you highlight eadwig.....berenberg point out that CVS have managed to increase operating margins and are investing in its staff (always a good sign ) .....so it's a buy says berenberg and now target £12.2.....and i should mention still plenty of cash to increase the portfolio of practices/ancillary business's
Eadwig
31 Mar 2017
Earnings Highlights · Sales growth of 28.5%· Like-for-like sales increase of 7.2%· Adjusted EBITDA up at £20.7m (42.4%)· Adjusted EPS 21.5p (46.3%)· Net debt £68.0m (June 2016: £93.1m)· £29.6m (after expenses) raised through an equity placing in December 2016· 13 practice surgeries acquired during the period and 20 after the period end
valeite
16 Feb 2017
bullish berenberg new price target raised to £12.....oh i do like a bit of optimisim with my breakfast
valeite
09 Feb 2017
berenberg comments oh CVS berenberg lists 15 sm/mid caps it likes for growth and it' gratifying to see CVS in there .we all know how good its uk model is but they heap praise on the dutch move.....lots of opportunity in a highly fragmented market.it's a solid hold for me
Eadwig
31 Jan 2017
Added Today First tranche on the pull back of what I hope will become a large holding in long term growth story or take over target, eventually.
Speculative SIPP
24 Nov 2016
Re: CVS Yes, I am up almost 180% since purchasing in September 2014. Its business plan is appealingly simple with massive potential for future growth.Its a good job I ignored the sell advice on the 22nd July when the closing price was 711.50 !!!!
Lorinnae
24 Nov 2016
CVS Yes I too am a believer - I've been in here since 4.11.14, during that time have taken some profit but currently 157+% up; some like this I keep for a longish time, others short in all about 30 odd shares. Excellent new story this morning.Regards Lorinnae
valeite
24 Nov 2016
first the uk.... ....now the netherlands and it's exciting that CVS is moving into the euro area .animal welfare is recession proof (so far) . am i alone here at this party ....give us a tick if you're reading this
valeite
29 Jul 2016
strong recovery post brexit fall soon reversed and berenberg s raise target price to £ 9.1 .
gamesinvestor
22 May 2016
Business model Is CVS growth going to turn out to be expensive?I'm interested in this, but trying to get my head round what all the fuss is about.What I mean is -- there are many thousands of VET practices in the UK and many schemes already in place for annual subscriptions on drugs/treatments and consultations. In my town there many reputable VET practices (about 8) and non are owned by CVS.Given all this is in place, surely CVS's growth comes at a price, by having to pay a premium every time it bolts on a new practice. Ignoring the crematorium and Animed which yields small returns, my fear is that this is rather pumped up.The P/E back in 2011 was just 8, today it's 25 --- rather a hefty rerating no?To get this growth, the cash drain applied to investing (buying and paying for finance on these new practices) has grown from £6M in 2011 to £27M in 2015. At the same time the operating cash flow was £14M in 2011 and £18M in 2015.In other words the exapnsion means that they have gone from a position of cash flow covered over twice in 2011 to being uncovered in 2015.During the same period, operating margins have shrunk from 6.26% to 5.8% -- neither figure is high.Looks like high risk to me, but others might have another explanation.I'll keep reading up on this.Games
TuscanNutter
18 Dec 2015
Climbing steadily Great short term / mid term share up 30% since end April with legs to go further? GLA
valeite
17 Dec 2015
berenberg says buy and targets £8.8 .and that seems a reasonable target for 2016
sharegardener
05 Dec 2015
Re: PH raises target Its the linking with crematoria as well as the vet centres and lab services giving wider national coverage (now in Scotland too) that appears to be working well. New refinancing on better terms also. My concerns are around the potential for rising premises rental costs over time and also skilled staff retention. Perhaps getting a bit overvalued now but theres definitely momentum in the SP and pets arent going out of fashion. Our neighbours cat had chemotherapy the other week - cant be cheap. SG
