valeite
04 Dec 2015
PH raises target Peel Hunt says buy and raises target price to £8.5
sharegardener
25 Sep 2015
results good again Rising turnover and profits, more practices bought and another animal crematorium added. As far as I can see all major metrics are on a sustained positive trajectory.Their new Lumbry Park site is a ''state of the art, major, multi-disciplinary referral centre in Alton, Hampshire. It provides a full range of specialisms, using the most modern equipment including both a CT ("Computerised Tomography"
and an MRI ("Magnetic Resonance Imaging" scanner.''Sounds more like an NHS hospital than something for pets!All the detail with pictures of their customers here - [link] unclear what a realistic share price should be here and the momentum could well drive the SP upwards until there are some results 'below expectations'. Im holding for the longer term.SG
oldjoe1
03 Jun 2015
Re: CVSG BREAKOUT....... CVSG: interesting to note one brokers SP TARGET........07 May Berenberg Buy 663.50 560.00 730.00 Reiterates730p.
oldjoe1
02 Jun 2015
Re: CVSG BREAKOUT....... CVSG looks rather dear until you take into account that EPS growth here is at a cracking rate. If investors bought while P/E was 50 plus why shouldnt they Buy whilst P/E is at forecasts of half of that. People spend a lot of money on there Pets. CVS Group PLCFORECASTS2015 2016Date Rec Pre-tax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)N+1 Singer 01-06-15 CORP 17.60 22.80 3.00 19.73 25.50 4.00Peel Hunt LLP 29-05-15 BUY 18.83 25.52 3.00 20.62 27.62 3.50Investec Securities 09-04-15 BUY 17.90 23.63 2.88 20.20 26.50 3.162015 2016Pre-tax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Consensus 17.90 23.63 3.00 20.20 26.50 3.501 Month Change 0.15 0.00 0.00 0.00 0.00 0.003 Month Change 1.18 2.10 0.00 1.70 2.58 0.00GROWTH2014 (A) 2015 (E) 2016 (E)Norm. EPS 18.69% 172.49% 12.16%DPS 33.33% 50.00% 16.67%INVESTMENT RATIOS2014 (A) 2015 (E) 2016 (E)EBITDA £18.30m £22.63m £25.48mEBIT £8.20m £m £mDividend Yield 0.31% 0.46% 0.54%Dividend Cover 4.34x 7.88x 7.57xPER 75.42x 27.68x 24.68xPEG 4.04f 0.16f 2.03fNet Asset Value PS -47.38p 61.80p 75.10p
oldjoe1
02 Jun 2015
CVSG BREAKOUT....... CVSG veterinary services, on the verge of a breakout and next leg up. Looks dear but EPS Increase next year with bolt ons.[link]
sharegardener
20 Mar 2015
Encouraging results today Improving turnover and rising EBITDA with more vet practices acquired. I like the way they link animal care with training up their own staff, internal specialist cross-referral and utilisation of their own labs together with some drug/nutrition products. When it all ends they have 3 animal crematoria as well. Several of their directors are directly or indirectly linked to the (human) funeral business and so this should also be lucrative avenue to build on. There seem to be ever increasing numbers of dogs whenever I go walking in any public open space and people spend a lot on their pets (perhaps paying more attention to 'Fido' than their own health). CVS reckon that they currently employ 5% of Vets and have 11% share of the small animal market. They may well be able to buy up individual practices selectively to give good geographical spread.On the risk side Im a little unclear about the rental costs of their practices and how this is projected to increase year on year. Compare say PHP where their health centre rentals rise 5% PA on a 25 year contract.Fund managers can reprofile their holdings at the end of the tax year so CVS may be a beneficiary of this.Good luck all holdersSG
valeite
31 Jan 2015
jim slater says yes veteran investor jim slater has family holdings in CVS and that is a good sign for me
valeite
18 Jan 2015
berenburg raises target... .....£5.6
androvitch
02 Dec 2014
Re: berenberg targets £4.10 I can see the stock being worth that in a year with further earnings growth, but for hitting 4.10 today, I think this one might be near a short-term peak on a long-term trajectory of steady growth as profits continue to improve with constant ROCE.
