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Think that sums it up nicely stt1......its just a matter of time really .not if but when is the question.
There should be a TU within days.
My thoughts.
given the sp is below nominal value, I fully expect some CA, which could include capital reorganisation or going private.
Positives:
Both Labour and Tories have endorsed the use of private companies to bring down waiting lists.
TLY provides it's services in all 4 UK Nations AND Republic of Ireland.
NHS have endorsed TLY services, which is evidenced by the national contracts awarded to them.
Over £55m revenues in H1, so expecting around £100m for fy.
c40% held by institutions and some increased. So TLY management are backed by significant holdings by IIs.
New Chairman was co-founder of Liberum and has been buying shares. He's obviously got contacts with IIs, who would back the company.
Consultants strike has ended
Wage inflation should have reduced considerably
Mcap only £9m.
Negatives:
Junior Doctors strike is still ongoing. That is the biggest problem facing the NHS.
Sp is below nominal value. Obviously the sp was manipulated lower by certain people to get to the position where TLY are forced to act.
Therefore, I expect CA, which could be capital restructuring as they did in 2019 or going private.
I, for one, have no problem if they go private because clearly there's huge demand for their services.
The company is clearly trusted by the NHS as evidenced by the contracts, especially the national contract awarded a few months ago.
If the company goes private and then they can concentrate or building the business without the distraction of muppets manipulating the sp. Then they can come back in 2-3 years time, multiple of today's low valuation. That would be a great bonus for retirement planning.
Large trades at the end of the day yesterday. Look like buys?
@TG2D
Do you have nothing better to do than keep repeating yourself ?
Why not use what appears to be a lot of free time at your disposal to more fruitful use.
You post on this board as if you have a bad stammer, you can never quite finish what it is you are trying to say, hence the constant repetition...
Reality check!
Totally Plc
LON: TLY
OverviewFinancialsCompare
4.28 GBX −0.32 (7.07%)today
17 Apr, 11:13 BST • Disclaimer
This BB is for discussing the business prospects and not for spamming the BB day in and day out ..unquote from ANG board
Dont you think your abit of a hypocrite TwoGood ? after all you say on here, Ship sure is taking along time to sink. when it doesnt you will be the one sinking in quicksand thats for sure ..it seems your non to popular on that board either ...wonder why !
Nice 490000 Scoop …….
Shocking! 😲
Totally Plc
LON: TLY
OverviewFinancialsCompare
4.32 GBX −0.28 (6.09%)today
16 Apr, 14:16 BST • Disclaimer
Totally Plc
LON: TLY
OverviewFinancialsCompare
4.32 GBX -0.56 (-11.48%)past 5 days
16 Apr, 14:16 BST • Disclaimer
Totally Plc
LON: TLY
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4.32 GBX -1.18 (-21.45%)past month
16 Apr, 14:16 BST • Disclaimer
Totally Plc
LON: TLY
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4.32 GBX -2.93 (-40.41%)past 6 months
16 Apr, 14:16 BST • Disclaimer
Totally Plc
LON: TLY
OverviewFinancialsCompare
4.32 GBX -9,010.62 (-99.95%)all time
16 Apr, 14:16 BST • Disclaimer
The same private healthcare firms that poach staff from the NHS and pay their executives handsome bonuses for failing to deliver!
Both Labour and Tories are committed to using more private companies to help reduce waiting lists.
Labour's Wes Streeting attacks 'middle class Lefties' opposed to his plan to use private healthcare to help the NHS recover if Labour wins the election
https://www.dailymail.co.uk/news/article-13283879/Labours-Wes-Streeting-attacks-middle-class-lefties-opposed-plan-use-private-healthcare-help-NHS-recover-Labour-wins-election.html
Even the CFO has done a runner its that 👎 bad!
No cash, running on fumes, high fixed costs, terribly thin margins, one customer, just a broken business model!
Totally Plc
LON: TLY
OverviewFinancialsCompare
4.46 GBX -9,010.48 (-99.95%)all time
8 Apr, 14:26 BST • Disclaimer
Better off going private not fit as an investment model!
Why on earth would a bank offer more debt and place itself at even more risk to this utter basket case which is virtually already penny less generating next to zero profits...wouldn't surprise me the least if this firm ends up on Sky News for all the wrong reasons!
Hoping someone can respond to my concerns below. Very worrying figures and serious red flags to me, given the CFO scrambling for the exit. What is going on here?!
Why would the house broker buy in, if placing is in the offing?
Also, if they do need cash, and if (?) they have exhausted their credit facilities, could they not opt for debt instead? Stuck between Charybdis and Scylla; debt or placing - IF cash burn is accelerating and not decelerating.
But silence on trading update is never good.
I doubt the FY trading update will come before the huge, discounted placing!!! If update is as bad as expected they wouldn't be able to get the huge placing away. Hopefully still time for people to get out of this with a little beer money left for the weekend. ATB
Redinjun
"trading announcement normally in March"
Always best to check facts rather than believe what is posted on BBs.
According to their website, the fy TUs over the past 4 years have been:
2020 20th Apr TU for fy2020
2021 13th Apr TU for fy2021
2022 25th Apr TU for fy2022
2023 2nd Mar TU for fy2023
2023 2nd May TU for fy2023
Therefore, since 2020, they've only had a TU in March once, last year, and they still had another in May 2023. Last year was an exception than the 'norm'.
They 'normally' have their fy TU mid to late April.
'sign'
:-)
Don't CFO AWOL and trading announcement normally in March, so that doesn't bode well either 'sigh'.
Agreed and I'm very worried about the finances and their trajectory; H1 showed revenue DOWN over 20% but far worse was EBITDA DOWN a very worrying 68%. Cash DOWN £6.5m to 1.7m?! And then worst of it all, swinging from a profit of £1m to a big loss of £1.7m. What’s the cash burn here? is it fair to say we might be running on fumes? It makes it all the more worrying we rely on so few clients as if the NHS bail, we are completely and utterly stuffed and the margins are bad to begin with
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