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Earl will this really do a 11 bagger
Barnacle
so 174 CDCs approved,
contract value per Centre is c£500k
thats a staggering £87M
Mcap only £7m
over 11 bagger to start off!!!
Once the QVH contract has been awarded, and based on data from the the pilot, it has to go to Feedback, I believe the number of new contracts won will begin to accelerate rapidly, as mentioned in the results:
With over 174 CDCs now approved and under construction, Feedback has a growing market to sell into. At a target contract value of £400k - £600k/annum per CDC on average, this creates a sizeable opportunity for the Company. Having worked on a pilot with QVH/Sussex ICS for over two years, the Company is now awaiting the results of the current procurement process which will soon complete. The rest of the NHS will be closely following the outcome of the QVH/Sussex ICS procurement process, and management is optimistic that success here would lead to more rapid contract conversion at other sites.
Coffeecups - I’m a little surprised by the lack of any negative reaction to this morning’s announcement. Perhaps it’s because the lack of any concrete positive news was already baked into the SP. As IB has said SP pretty much at atl.
As regards India I think Tom needs to be clearer about where exactly their target markets are. They have one guy out there and who is he talking to? The potential is huge but you need to know where to target most effectively your limited resources. At least this guy has pedigree and very good knowledge and links to the Indian market. So that is encouraging.
I think, as regards to the NHS and specifically CDC’s they WILL crack it. It’s just taking longer than optimistic people like me hoped. There isn’t any longer any question as to the benefits of Bleepa AND they have a large moat and a USP (only certified medical imaging device in UK)
It’s all about the money being made available to build up the digital side to garner those benefits. Have investors got the patience?
Not many cottoned on to FDBK potential for
put it simply, it's the Medical App equivalent to the likes of UBer, Just Eat and Deliberoo to Food industry!
that's the essence of Feedback plc and in a nutshell
even when UBer start up was valued 100s of millions.
NHS contract coming soon,
India as shown tremendous interest in FDBK, FDBK winning awards in India.
Ceo said India revenue is c£1Billion per year soon!
NHS contract will be in billions also
one to hold IMO
Mr Earl
Have a look at GCM - it will be staggering rise there soon.
Govt of Bangladesh about to give go ahead for half billion tonnes coal development with Power China JV.
Used to be in the ££s now 2.10p and set to head back into ££s with development go ahead.
DYOR & Watch GCM!
GL
Uber, Just eat and Deliberoo of medical industry
FDBK tech saves time and effort
NHS contract coming soon and India.
this is truly the UBer, Just Eat and Deliberoo of medical
Also India is which is around £1Billion per year.
huge potential here
If £500k is per hospital then its £430m
if £500k is per trust then £107m
thats only From NHS per year
add private hospitals over 200 and in the UK
huge numbers here
This and India is how I'd promote it.
The recent Information Commissioners Office ("ICO") ruling against NHS Lanarkshire for the clinical use of WhatsApp and 500 associated patient data breaches has also seen a resurgence in the interest from Trusts around Bleepa as a WhatsApp replacement tool. This was the original value proposition for Bleepa when the product first came to market, but the Company pivoted into the cross-provider CDC space when Covid saw the broad acceptance of WhatsApp as part of the pandemic response. This renewed focus by regulators on the data risks associated with WhatsApp and other unregulated platforms is welcomed by the Company and is likely to result in direct commercial opportunities. Indian regulation is also following suit with Q1 CY2024 seeing the implementation of the DPDP Act 23, a GDPR equivalent legislation that will see data privacy and security enshrined in law and enforced by financial penalties. The Company believes that this will lead to opportunities with NHS hospital customers, an estimated total addressable market opportunity of £28m, who will be affected by the new legislation and that are keen to avoid the financial penalties for non-conformance.
Based on £500k per hospital income from FDBK tech
As of 2022, there are 215 NHS trusts across the UK.
The actual number of hospitals in the UK, correct as at August 2023, is 1148 hospitals in the UK. This number includes the NHS Trust-managed hospitals and the additional private hospitals that are currently in use. Broken down further, there are 930 NHS hospitals
I think we’re very close. He has taken an understandably more cautious tone than previous - with enough encouragement on the flip side. I would say funding is good for another 12-18 months so no probs there for the time being.
For me QVH is KEY to unlocking the potential here.
On opening bell
I think we're close. SP near atl. If there's a dip I'll be in for some more. Gla
With MIP
Bill, if you believe this works, entry here is fine, cashed up forc2 years.
But, can Tom do more than provide boyish charm and a positive spin in an interview?
He has 18 months b4 he needs to place again, so plenty of time.bleepa and care locker are great stories, so far without any execution
Be interesting to see what Tom has to say later. I've been following the story for years and I still believe it will come good one day. One thing I will say is that if I was a new investor looking in I'd say that any dip today might be a good entry point. There are (as always) a few near term catalysts that could propel this much higher. All imo.
And more:
"Key milestones in the upcoming period will be the outcome of the QVH/Sussex ICS procurement which is anticipated to lead to further business within the southeast region if converted, successful delivery of the current pilots utilising central funds disbursed by NHSE with a view that this will unlock both contracts and further potential pilots in new areas in the coming NHS financial year (April 2024 onwards), and the conversion of a deep and growing sales pipeline of both local and regional opportunities."
Now that Feedback has the evidence that Bleepa is saving time and money, at both QVH and the NCA, I believe we will start seeing more contracts being awarded over the coming months. I like this paragraph from the report:
With over 174 CDCs now approved and under construction, Feedback has a growing market to sell into. At a target contract value of £400k - £600k/annum per CDC on average, this creates a sizeable opportunity for the Company. Having worked on a pilot with QVH/Sussex ICS for over two years, the Company is now awaiting the results of the current procurement process which will soon complete. The rest of the NHS will be closely following the outcome of the QVH/Sussex ICS procurement process, and management is optimistic that success here would lead to more rapid contract conversion at other sites.
Your only positive is they have a cash runway of 24 months.
Up from £2 1m to £2.5m
How much do the BOD pay themselves?
We’ve got more than easyjet.
Yes Bill, very frustrating. FDBK great at pilots. NHS we know are glacially slow, but QVH - where is that ???
The sweetener rns is quite interesting:
https://medicalimaging.org.uk/
Doesn't really make up for the other rns though. Isn't it a shame that private health care is ready to embrace a proven improved pathway method yet the NHS will um and arr over it for who knows how long. Trying to be positive it looks like revenues are H2 weighted and it would only take one decent cdc contract win to more than double those figures. I'll wait.
That's the issue Earl. Can they clinch a few contracts let alone the whole CDC space. Zero to date. This is a tough share to follow.