AHX do not appear to have reported the significant loss of pig clients between prospectus and today. Non AHX pig vets have fought off the AHX strategy of cornering the market in vaccines etc and winning low prices to sell at high prices- It appears manufacturers now see AHX as just another vet and are keen to work with other vets - when at their strongest AHX did have clout on some products- no longer . Pig prices are lowering and pig farmers are stopping spending on non essentials - more are looking for health solutions that do not involve high antibiotic use.
The Manufacturers indicate a similar fightback by dairy vets - and a tough market due to low milk prices. Unsure of the feedlot market - but it would surprise if other vets did not put up a fight.
AHX will have plenty of competition in a receding market.
Ann: Ceasing to be a substantial holder, page-9
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Mkt cap ! $83.46M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
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