CVS Group – “pleased to announce” sales growth, so why a further 10%+ share price slide?

A year ago I concluded on veterinary group CVS (CVSG), house broker N+1 Singer has trimmed forecasts and its latest numbers suggest a price/earnings multiple, with the shares currently at circa 1100p, of approaching 24x. Given the reported situation, that still looks high and this looks a sell. Today another AGM update – and the shares currently more than 10% lower on the back of it… at 650p…

Table of shorted AIM shares - week to 05/04/2018

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

CVS Group (#CVSG) – proposed c. £67m placing at “not less than 1050p” for debt reduction & future acquisitions

CVS Group – AGM commences “pleased to announce” re. sales, so why are the shares slumping?

Shares in veterinary group CVS (CVSG) are currently sliding despite an AGM Statement commencing “the board is pleased to announce that in the four month period ended 31 October 2017 the group's total sales grew by 20.6% and like-for-like sales grew by 4.3% compared to the same period last year”…

CVS Group (#CVSG) – AGM statement notes some slower recent growth, comparators moderate as year progresses

CVS Group (#CVSG) – FY revenue and adjusted EBITDA “anticipated to be in line with market expectations”

It's Raining Cats and Dogs for the Vet with 20 Million Patients

Hello Share Buglers. If you have cats like me, or dogs, you’ll be painfully aware of how much vets charge these days. I’m sure they need years of training and the drugs they use don’t get any cheaper, but the price I pay for two daily tablets to keep my cat’s thyroid problem at bay is rather unnerving.

CVS Group (#CVSG) – underlying profitability ahead of expectations

Table of shorted AIM shares - week to 04/11/2016

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

CVS Group (#CVSG) – FY adj. EPS +31%, DPS +17%, outlook “remains very promising”

CVS Group (#CVSG) – strong H2, “anticipates further like-for-like growth although this is likely to moderate”

Table of shorted AIM shares - 13/11/2015

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…

Table of shorted AIM shares - 18/09/2015

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…