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A late in the day (4:07pm) “Trading Update” from Premier Veterinary Group (PVG). Uh oh…
Writing around this time last year on Premier Veterinary Group (PVG) I warned including that it looked to have little choice in more narrowly focusing resources and concluded a bargepole stock. The shares had risen strongly in recent months, but are currently slumping back towards 50p on the back of a “Trading Update”…
A March AGM update saw Premier Veterinary Group (PVG) “confident in the prospects for the US business and has agreed to significantly increase PVG's investment commitment in the current financial year in the US”. An update today includes a narrower focus of resources in the US “until such time that the changes the group is implementing to improve sign up rates take effect and are sustained”. And there’s worse…
What is interesting about the daily chart price trace of Premier Veterinary Group is the way that even though the shares have been in a rising trajectory since they came to market in the spring of last year, there has not apparently been any fresh liquidity gathering in the stock.
For your average vet, pricing power in a deflationary environment is something he or she can enjoy. All of this wonderful fundamental backdrop is currently reflected on the daily chart of Premier Veterinary Group.
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