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When Dan Poulter stood down as none executive director I thought to myself, is that job done Dan, have you steared the company through all the regulatory hurdles in preparation for the GP service taking on the role of the NHS online. After all he is a conservative MP and a doctor. Heading into an election year the Tories will be looking for all the good press they can get, whoever gets this contract it will be something for them to claim as a significant achievement.
The GP Services Online was already integrated in nhs when kanabo acquired, it’s shame Uk investors under value potential of online gp services when nhs already crippled to meet demand and rest of world specially US has billion dollars companies who are going digital only GP services.
Certainly GP Service Online will be top contender for this contract due to two reasons…already deeply integrated in nhs as well as Uk pharmacy echo system and second it’s local company so less regulatory concerns…
Regardless of this contract kanbo we’ll position to exploit market in alternative medicine, in case 300m contracts lands up it will be historical share price ride in LSE due current company valuation and contract size
Fingers crossed
I meant the presentation
I thought I’d start a new thread with this rather massive headline.
The poster ‘Nil’ gains credit for finding the link, well spotted indeed.
Https://www.digitalhealth.net/2023/10/nhs-england-launches-300m-tender-for-new-digital-pathways-framework/
The £300M contract begins on 24th January 2024, it was advertised for tender on the 18th October 2023.
What is interesting here is that Kanabo bought the GP service several years ago and have spent all the time since acquiring it, integrating it into the NHS, and concurrently expanding its telemedicine operations into a network of over 4000 pharmacies, so it now offers a seamless service from online GP consultation to prescription access.
The GP Service cost KNB circa £15M, and a further 2 years of development to access full NHS integration.
I suspect they could be well positioned for a successful tender, and it seems more than coincidence of the sudden interest in this stock.
Let’s see how things move on January 3rd.
I’m not sure what you mean by ‘I know it’s a year ago’?
The £300M contract begins on 24th January 2024, it was advertised for tender on the 18th October 2023.
What is interesting here is that Kanabo bought the GP service several years ago and have spent all the time since acquiring it, integrating it into the NHS, and concurrently expanding its telemedicine operations into a network of over 4000 pharmacies, so it now offers a seamless service from online GP consultation to prescription access.
The GP Service cost KNB circa £15M, and a further 2 years of development to access full NHS integration.
I suspect they could be well positioned for a successful tender, and it seems more than coincidence of the sudden interest in this stock.
Let’s see how things move on January 3rd.
Thanks for that Nil, I know it’s a year ago however this is the progress that might have been made.
I’m expecting an update to the market very soon, maybe we hear something this weekend.
Https://www.digitalhealth.net/2023/10/nhs-england-launches-300m-tender-for-new-digital-pathways-framework/
may be this could be, as nhs looking 300m online gp contract, and all requirements seems exactly what offered by The GP Services Online which acquired by kanabo
Https://www.youtube.com/watch?v=YYZ6T4KhnOU
please watch out, they are certainly having best in class product and most likely they will be first CE approved medicine in this area, and it will open huge market which is not limited to EU only.
Second there are additional two huge possibility:
1. NHS get and promote Kanabo products on prescription
2. GP Service is tech , operate as white label solution provider other other players and their tech is already approved by NHS . So might be big player interested leverage GP Service tech may be including NHS itself for remote consultation.
lets see early next year
130% in two days with no news, that took me by surprise. I was in profit today, not a lot but it was good to see.
Still a long way to go for me, I'm still 90% down (
Thats me done, but i have a feeling that this is going to go a lot higher, Goodluck to all those in.
We had a similar run jan 23 when the share price doubled just before a big business update and drifted back over the weeks that followed . I would agree this is likely same and CE mark approval most likely. They were expecting it in the third quarter so looks like some in the know buying ahead of the news.
MCap has doubled to £17m no idea what value would be with CE approval, stick finger in the air. Have to raise for sure soon but much better position to do it from. Make hay whilst the sun shines I guess.
Looks like news might have leaked after two days and over 100% rise. CE mark is due but who knows with Kanabo. we will just have to wait until next year to find out. As for a placing, why not just buy some shares and enjoy the ride.
Even at these prices, the company is still undervalued. Some people must know about CE approval. Don’t think it will be anything but.
Expect to see the RNS first week of Jan IMO. Very bright future here and I have next to no complaints about the way they do business.
I wonder what the catalyst is for this increase?
Perhaps the e-pharmacy services are doing really well?
Read Isthisawinners posts, whoever they are every post is full of FUD. It’s ok to have doubt, it’s your investment after all however their posts like I’ve heard this or that very laughable.
Of course you have 😂
Sounds like you’re an MM after some very hard to come by stock.
Be careful...heard there is a placing been sold.
Only 3 hours until the market closes until January 3rd, most will want to be in, not out, especially from these very low levels.
This Company is very well run & I’m extremely confident to hold for the longer term, having someone with the calibre of Ian Mattioli CBE as Chair, with his own £500K investment here gets my vote.
Mattioli Woods Plc is a highly respected Wealth Management Company, and I’m sure some of his clients will be watching this with interest!!!!
I can sell for 2.65
2.75 to buy on HL
We seen the same last year (end of q4) which was based on the CE certification being issues, obviously that didn’t happen and the share dropped to an all time low, im guessing there is something that takes place in q1 around certification being issues that’s given us this current boost… hopefully not a false alarm this time!
Wrong board!