Primary Recommendations

CVS Group - “Buy & build” vet practice group gearing up for new growth spurt

November 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Having recently taken delivery of two puppies, I was given a heads up from a friend to take out pet insurance. According to animal charity, PDSA, the minimum estimated lifetime cost of a dog is between £4,500 – £13,000 depending on the breed, size and lifespan, but in some cases it can top £30,000 when health problems mount and pets don’t come cheap. Bearing this in mind, I met with Richard Fairman, CEO of CVS, which was established in August 1999 to acquire and operate veterinary practices, with well established client bases in their local community. This strategy has paid off handsomely with sales and EBITDA increasing from just £39m and £5.1m in 2007 to £554m and £107m, respectively, in FY’22 so little wonder the shares went on to te ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Hunting - Oilfield services firm benefits from US resurgence; order book doubles

CVS Group (April 2024)

CVS Group (October 2023)

CVS Group (March 2023)

CVS Group (January 2023)

CVS Group - CMD unveils new target to double EBITDA (December 2022)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X