The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Give us some news, tell us that you have a better future as a private company and you're de-listing, anything to put us out of this endless misery....
Anything that Sikthetech has been ramping for over 10 years on a premium BB site its got to be an utter basket case to avoid like the proverbial plague!
Might be worth a trade around the 3p mark. Wouldn't hold overnight though in case the heavily discounted placing hits the next morning! Definitely not a share for widows and orphans.
Down another 10%!
Sinking faster than the Titanic!
Totally Plc
LON: TLY
OverviewFinancialsCompare
4.30 GBX -0.50 (-10.42%)today
2 Apr, 16:30 BST • Disclaimer
Doesn't have any utter basket case heading for a cash placement!
Totally Plc
LON: TLY
OverviewFinancialsCompare
4.30 GBX -2.95 (-40.69%)past 6 months
2 Apr, 16:30 BST • Disclaimer
Patients on long NHS waiting lists will get private care
‘Carrot and stick’ tactics to make the worst hospitals more efficient
https://www.thetimes.co.uk/article/patients-on-long-nhs-waiting-lists-will-get-private-care-gcmz87nhx
There you go, yet another one of 1gw_'s shares crashes.
Byot now delisting, down 99% from where 1gw_ and his mates was ramping.
Is it a coincidence posters who post on shares ramped by 1gw_, where I've raised questions and been proven right, also deramp here?
Why's that 1gw_?
From my post on this thread, 21st March 12.04:
"As you know, we have both posted on the same shares for many years. Trmr/Byot/HVO/RTHM.
What I find amusing is that the derampers who appear on here also post (invest) in shares you ramp. All those shares subsequently crashed based on the warnings I had posted.
Is that a coincidence?"
My post 21st March 13.25
There's nothing wrong with posters presenting opinions but the amusing thing is 1gw_ You do overplay the potential and underplay the risks on shares you ramp. Whereas, you overplay the risks and underplay the potential on shares you deramp.
For someone who portrays themselves as well researched, why do virtually all your shares crash and based on the warnings I post?
Byot down 95%, STU bust, Trmr down 80%, Rthm down 80%
Byot - down 95%:
Mine - posting of company/sector newsflow, warning of the risks. https://www.lse.co.uk/profiles/stt1/?page=78
https://www.lse.co.uk/profiles/stt1/?page=76
1gw_ - https://www.lse.co.uk/profiles/1gw_/?page=3
"Sttsbumbag" posts on Byot and TLY https://www.lse.co.uk/profiles/sttsbumbag/?page=2
Sorry, problems with my lap-top. I can't be bothered to finish the post.
...of
Reading the last few RNSs and nothing clarifies. I read a significant Director buy, but then I realise its the new Chairman and it would look real bad if he was shareless, so of course he has to buy. Then I read a significant TR1 (+5%), but then I realise it's Canaccord, the new Corporate Broker and I wonder are they really independent? I read of a couple of contract wins, but they are small. I'm a shareholder, I want to be optimistic, but I keep finding qualifications to every bit of 'good news'.
However, the real problem, as Im increasingly seeing it, is this company's tiny market cap of
Doing well here down 9%!
Hi 2Good!
TLY - share movement today 0%
NANO - share movement today after interim results DOWN 8% - enjoy!
In summary it's f@@ked and in a similar position as Sikthetech still ramping this basket case for over 10 years despite the obvious and numerous Red Flags and Warning Signs a cash crisis was on the cards!
Change of name proposed. To 'Totally Cream Crackered' Anyone got the fee?
Only down 7.67% si it's good day for Totally F@@ked!
I guess the market smells an imminent cash placement given that the business, yeh I know, a joke really, is running on fumes abd CFO has done a runner!
Totally Plc
LON: TLY
OverviewFinancialsCompare
5.08 GBX −0.42 (7.67%)today
26 Mar, 15:41 GMT • Disclaimer
Ah sweet irony, to say "You do overplay the potential and underplay the risks on shares you ramp"
Then list out a bunch of shares and not mention TLY down 92.6% in the 10+ dire, dire years you've held.
Worryingly stockopedia now rating this a "Value Trap":
The great modern value investor, Seth Klarman, has warned "value Traps are a dagger through the heart of value investing". This is the domain of broken business models, sectors in decline and generally one of the worst places to be in the market. The key lesson to learn is to give loss making, out of favour, cheap shares a wide berth unless they start to show confirming factors. Learn more about avoiding value traps here.
https://www.stockopedia.com/share-prices/totally-LON:TLY/
A boring share with no prospects which no one is interested hence lack of liquidity and going down hill fast!
Extreme intraday movements this afternoon (+/-16%). Minimal liquidity....
So many 'Red Flags' now has to be soon watch the press I say!
You missed one Sikthetech,enjoy!
Over 10 years paying premium on Advfn and utterly f@@ked!
Totally Plc
LON: TLY
OverviewFinancialsCompare
5.33 GBX -9,009.61 (-99.94%)all time
21 Mar, 10:27 GMT • Disclaimer
TLY is an illiquid share, small trades can move it in either direction.
Every company has risk/reward.
There's nothing wrong with posters presenting opinions but the amusing thing is 1gw_ You do overplay the potential and underplay the risks on shares you ramp. Whereas, you overplay the risks and underplay the potential on shares you deramp.
For someone who portrays themselves as well researched, why do virtually all your shares crash and based on the warnings I post?
Byot down 95%, STU bust, Trmr down 80%, Rthm down 80%
Byot - down 95%:
Mine - posting of company/sector newsflow, warning of the risks. https://www.lse.co.uk/profiles/stt1/?page=78
https://www.lse.co.uk/profiles/stt1/?page=76
1gw_ - https://www.lse.co.uk/profiles/1gw_/?page=3
"Sttsbumbag" posts on Byot and TLY https://www.lse.co.uk/profiles/sttsbumbag/?page=2
Trmr down from around 850p to 200p(now called nexn):
Mine - facts, company newsflow https://www.lse.co.uk/profiles/stt1/?page=72
Radium - posts on trmr. tly and refers to 1gw a lot https://www.lse.co.uk/profiles/radium1/?page=7
TAP - down 80% (now part of nexn)
https://www.lse.co.uk/profiles/stt1/?page=114
etc
You have to understand the company/sector, as well as economic, political newsflow. Just picking out comments from rns or TU doesn't always tell you what is happening.
1gw_
(another HVO poster!)
As you are aware, the BoD have explained many times the reasons for the liabilities/assets. In fact, you have been mentioning it (on advfn) for many years (just search for "Horrific" on advfn).
The fact you don't understand how the NHS model (or indeed other suppliers to Govn bodies work) doesn't mean it's a problem for TLY.
Companies win and lose contracts all the time. You mention the NW London contract, yet they have won other contracts within the same division(which you fail to mention!), since the NW London contract came to an end.
Dec 2022 (just before the NW London contract ended)
SE London c£66m contract
https://ir.design-portfolio.co.uk/viewer/100/55210
1st March 2023
National contract c£10m
May 2023 c£12m
https://ir.design-portfolio.co.uk/viewer/100/57538
Mcap £10m
The fact is they expanded their business model to include Elective Care (EC) in 2019. This is a higher margin business and in significant demand. Waiting lists are high and govn needs to bring them down.
It is good business practice for companies to want to end unfavourable contracts and go for better contracts.
As you know, we have both posted on the same shares for many years. Trmr/Byot/HVO/RTHM.
What I find amusing is that the derampers who appear on here also post (invest) in shares you ramp. All those shares subsequently crashed based on the warnings I had posted.
Is that a coincidence?
Thanks 1GW for that cogent explanation; rather than rant.
Thanks for the post 1GW , dont like it but yes,now i understand the breakdown and your correct ...well put and thanks again for a rational explaination,
A really bizarre thread this one. The numbers are all on display in the balance sheet (Interim Consolidated Statement of Financial Position as at 30 September 2023) reported by Totally in the RNS of 28th November.
£18.4m Current Assets
£30.3m Current Liabilities
If you subtract current liabilities from current assets you get -£12m. i.e. net current liabilities of £12m. Not total liabilities or net (total) assets but net current liabilities. The "current" in current assets and current liabilities means assets or liabilities that are expected to be settled (paid, received, work completed etc) within 12 months.
It doesn't help clarity of course that Totally itself quotes net current liabilities of £15m in the same balance sheet and appears to have added in non-current liabilities to get this higher number.
Net current liabilities is not a new thing for Totally and the company explicitly addressed this in their last annual report.
"The Group has consistently had net current liabilities in recent reporting periods which reflects the nature of the contractual terms with customers and suppliers. "
The position arises because Totally get paid in advance (at least in aggregate paid in advance of having to pay their suppliers and employees) on some of their contracts - particularly the urgent care contracts - and have chosen to use the cash generated in this way to fund their acquisition-led growth. That was OK so long as the company could continue growing its urgent care business (the larger the business, the more cash up front they would have) or could generate meaningful operating cashflow (excluding this working capital effect) from its overall business. The risk was always that, for whatever reason, there would be a change to this source of cash - either because the contract terms changed (to more traditional pay upon invoice after work done terms) or because the company's "pay up-front" business started shrinking. What we have seen recently is the materialisation of this latter risk - the "pay up-front" business started shrinking with the ending of the North West London UTC contracts and some Covid-related contracts. As a result cash disappeared from the balance sheet as those contracts came to an end and Totally settled the bills (relating to the cash received up front) with its own suppliers and employees.
With £12m of net current liabilities (at 30th September), gross cash of only £2m and a net debt position, Totally doesn't appear to have a lot of capacity left to withstand further loss of material "pay up front" contracts. That may not be a problem if it can return to growth in the "pay up front" contract business, or if its overall business can start generating sufficient cash, but it seems to me the risk is relatively high at the moment.