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appleby, the backlog is secondary to the immediate issues in hospitals. Immediate issues are emergency treatment and care of patients presenting with respiratory problems that seem, more often than not, to be a direct consequence to covid infection. Those admitted are, for the most part, unvaccinated.
The NHS in the UK is going to be in for a very rough winter with both seasonal 'flu and covid19 in whatever variant is most prevalent. FWIW, I suspect that there are going to be simple measures re-introduced such as the mandatory wearing of masks in all public places and a ramping of effort to encourage vaccine takeup. I would not be surprised if there is a clampdown on those that either knowingly or unwittingly spread false or misleading information which is having effect on some.
Although I had bought more shares in my ISA account, I have disposed of my shares in 2 dealing accounts to raise money for a new car. Now that I have my new car, I will be building up my dealing accounts and will look to increase my exposure to those equities that are likely to have strong growth. At the moment, I am reluctant to invest more in TSTL and await results that are usually published in late September / October.
Breaking out
Radio 4 , Quoted a 6million backlog of operations will take 3 years to clear .
That has to be good news for this company.
Huge order fill at 600, been going for weeks .
GLA
Lots of buying around 600-605 in the last week a clear sign someone is building a position .
sorry just reread my post , should read, hoping for a big spike down to buy in full position , sub 540p.
Hoping for a big spike down here to buy in . sub 540 p would be good .
I cannot provide any verifiable evidence to support my contention, but I will bow to the comments of my younger son who is a hospital Doctor in a teaching hospital in Scotland. Elective admissions are starting to replace emergency admissions and the backlog of cases deferred is beginnig to be addressed. A full blown plan is being created to make full use of operating theatres during “working hours”.
These are not working hours for hospitals but that that can be reasonably rolled out to patients….. 8:30 to 17:45 thus getting the quickies out of the way first and last thing or using them to fill gaps in surgeries that are outide typical times for procedures or cancellations
Topped up , very nice set up forming .
And another tranche today. Hopefully once news of licencing in USA is confirmed the share price will advance pretty rapidly.
Have taken the opportunity to add a few more to a SIPP. Seems a no-brainer not to take advantage of the price drop.
Most of those "patient examinations with medical devices that Tristel's products disinfect" will still need to be done. Just that much more urgently. Tragedy for some, and real problem for many. A friend of mine in Canada had his procedure postponed due to Covid and has had a much bigger problem, with all the worry that will go with that for years to come.
And I expect the surface disinfectant usage rise will be slow to drop back again, if at all.
Yes, I didn't think it was bad... just lacked the confidence to say so! Never been in business, nor a clue as to accounting.
To what us in fact rather a good update. They are sitting on a cash pile and I expect one day a special divi will be declared here. The divi is safe and their market is opening up again post covid. Just a temporary blip in the SP.
Well, third wave gathering momentum. I suspect a peak in cases in early August and more patients clogging up wards for treatment. The frivolous comments that voluntary mask wearing in enclosed enviromnet by politicians is unhelpful.
The bonus is that those of us that continue to add to our holdings can continue to accumulate with out paying too great a premium
Hi Alas. Imo if it wasn't for the backdrop of the Delta variant then the SP would be alight. I expect a third vaccination shot in September which might assuage such fears. The SP is bubbling up so I may take profits when it hits 700p again after seeing it sink last time. The hospitals will be under pressure to clear backlogs so TSTl's market will be opened up again then for sure.
More drivel from me.... chatting away merrily to self..... have things changed in the last 10 days? Well the share price has recovered lost ground but there has been no cunning plan either at hospital or political level to address the millions of elective procedures that had been cancelled in the last 18 months.
We know these will be put into effect, but the timing is not within our determination.
Government has been disturbed with the changes evidenced in the last week so new initiative from that source is unlikely. It is of comfort that the share price advanced today
Since my last post, the SP has weakened considerably. Hospitals saw a huge drop in both elective and emergency surgeries over the last 18 months and the managers of individual trusts seem emasculated.
TSTL is a well run company but until there is a Consultant led focus to address the backlog of surgeries missed the SP will continue to wallow. I like to average up. Recent moves have been sharp and down. Today seems no exception. Grrrrr
The notes that accompanied the Trading Update in April gave a pretty downbeat picture for shareholders and the headwind faced for the company to generate revenue (and profit) in our home market. A couple of weeks ago, the BMA published a paper with a precis of the current situation compared with previous years and the ensuing growing backlog.
https://www.bma.org.uk/advice-and-support/nhs-delivery-and-workforce/pressures/pressure-points-in-the-nhs
It seems that the UK is not yet out of the woods in terms of Covid 19 care and patient admittance. Vaccine rollout has certainly knocked the bulk of cases on the head, but not to the extent that we can all draw a collective sigh of relief. Australia has placed Melbourne once again in lockdown so it is inevitable there as restrictions are lifted there is the danger of transmission of the virus in whatever viable variant that the virus needs to survive and this could have flareups to stifle progress.
Sure, it is good to see the share price recovering, but I am not sure that until there is announcement that NHS Consultant led plan is agreed that the upside has much further to run. I've not pressed the sell button, but am very tempted to sell into any strength. Any thoughts?
Matched bargains I think. An explanation might be movement between separate funds as too large for domestic transactions such as bed and ISA
Looks like some unknown trades today at a tad under 2mil - I guess buys, but not fed into share price as yet, not reflected in totals for the day either.
Interesting though. I think it'll bounce back.
Nice to note that the CEO has bought 8,104 shares today, though not sure if this is simply symbolic.
My buy order was dealt at 574p. It will take time to get on top of the backlog of case in the NHS. Hospitals do not have the more pressing urgency of Covid 19 to cope with that is the heart of the problem. Sorting out backlogs are usually Consultant led so that teams from different specialist areas work to tackle ALL procedures to make best use of the nursing, recovery and equipment needed. Headline numbers for backlogs are pretty meaningless (except to the penpushing managers).
There might be a little more downside, but UK orders once they begin to return will be back to typical levels AND it will give further incentive to the senior management to expand the countries to which they supply and perhaps also the breadth of range for additional revenue streams, particularly in off-site Vet care products with washes for farmers
Hmmmmmmm........not so good. Bought GBP 5k more at 5.88. let's see.
Well, the news is out. Mr Market does not like it, despite dividend remaining and diversifying from UK to international markets, particularly USA.
Jam tomorrow with a rough day in store today.
Looks like the 6% drop was a good buying opp, slowly edging its way back up to 670-680p area again
It was showing the same on HL - tried a few test buys/sells they seem normal.