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Other than making inane comments just to make noise latest comments show how little understanding some have of the recruitment process for an appointment at this level but all in keeping with the other claptrap often spouted by said persons.
Yup no one wants the job don't blame them!
Still without a CFO - so hardly turned the corner.
This is a golden opportunity for all those looking at long/medium term to get in . TLY has not faired well this last year but i believe has turned a corner which results should show , not saying it will jump far just yet as this is not a volotile company but steady away it should pay off in months to come,has a honest straight talking board who are invested shows confidence in future. sit back and ride over 2 years ,should pay off and who knows the divi may return in that time.
Very Interesting …………..Late Rns
Agree that's probably why the CFO left knowing the dire state of the financials and a cash placement in the offing!
I wonder if there will be a big heavily discounted raise coming here as cash dwindles? Look what happened over at AVCT last week, the bottom dropped out of that basket case when massive cash call happened.
And your point is?
Oh sorry you meant firms like Totally who don't deliver get rewarded even more for delivering even less, great!
Budget facts and reactions:
"The NHS in England will receive a £2.5 billion day-to-day funding boost for 2024/25 and £3.4 billion in capital investment over the forecast period to help unlock £35 billion in productivity savings over the next Parliament by harnessing new technology like AI and cutting admin workloads - part of landmark Public Sector Productivity Plan to deliver better public services."
https://www.gov.uk/government/news/chancellor-delivers-lower-taxes-more-investment-and-better-public-services-in-budget-for-long-term-growth
"Today’s announcement shows the government continues to back the NHS and the £2.45bn of extra funding for next year ensures we have the support we need to make continued progress on our key priorities for patients."
https://www.england.nhs.uk/2024/03/nhs-englands-response-to-the-budget/
Down 9.5% confirmed basket case investment!
Labour won't win thr next election....FACT!
There is no more money..the Government is skint..FACT!
If the Government had more money, regardless whether it was a Conservative or Labour Government they would have spent it.
Totally Plc fails consistently to deal with NHS waiting lists...FACT!
To date waiting lists have become worse due to Totally Plc....FACT!
Whats needed is better service providers not throwing money at one particular private sector business that consistently fails to deliver....FACT!
From the today’s edition of the i(Paper for today) page 10…part two cont...
Mr Streeting has been clear that he believes spare private capacity could be used to cut waiting lists and that he wants to get "quite tough on NHS England" and encourage it to be more open to using private-sector companies. But Labour's faith in private hospital providers might be misplaced, according to Tim Gardner, assistant director of policy at the Health Foundation, a research charity.
The 1.8 million routine operations and treatments on offer from private providers would still have to be paid for by an NHS with a fixed budget. "Local NHS commissioners have to think about a whole range of other services, including urgent and emergency care where there is substantial growth in demand," he said.
Explaining his members' plans, Mr Hare said: "They are looking to expand and bring in new services on the basis that they can be confident that whoever wins this year's election is not going to try to knock the private sector out of frontline NHS service delivery.
"Providers are looking at what their opportunities are for hospital sites, for specialist centres, like ophthalmology clinics and diagnostic centres."
They were prepared to quickly build new surgical hubs from scratch or by converting existing buildings. These hubs would focus on busting through large numbers of operations, like cataracts, hip and knee replacements, and other relatively simple procedures.
But the news is likely to alarm sceptics such as Labour's Manchester mayor Andy Burnham who has said that private-sector involvement in public bodies "doesn't get you the right answer for the public".
Another obstacle to Labour's ambitions is that NHS and private hospitals would be "fishing in the same pool" for a limited supply of health professionals, according to Mr Gardner. They could "just be shifting patients from one hospital to another without adding any value", he warned.
Jim Easton, the chief executive of Practice Plus Group, agreed there would be no point in creating extra capacity in private hospitals without attracting new staff. "Most of my doctors are full-time employed and we don't want to be cannibalising staff from the NHS to set up new centres," he said. But he pointed out that the independent sector treatment centres that the Blair government introduced to cut NHS waiting lists had had to seek out their own staff.
"They were required to create a great slug of capacity without denuding the NHS of staff," Mr Easton said. "That was the challenge back then and the industry responded brilliantly and produced exactly that."
The Labour Party was contacted for comment.
From the today’s edition of the i(Paper for today) page 10…(part one)
Private companies line up to harvest benefits of Labour's NHS policy shift
Sceptics warn of pitfalls in plan to cut long waiting lists. By Keith Cooper
From hip replacements to cataract removals and ultrasound scans, private healthcare companies are preparing detailed new plans to provide billions of pounds' worth of services to the NHS under a possible Labour government, i can reveal. The shadow Health Secretary Wes Streeting has said his party will be "holding the door wide open" to private sector "entrepreneurs" who think they can improve the NHS. Healthcare firms are responding enthusiastically by pledging to make their hospitals available to more NHS patients, it is understood.
They also aim to build a string of new dedicated "surgical hubs" that could help them cut a 1.8 million-case swathe through the huge NHS waiting list over a Labour government's five-year term - by focusing on performing large numbers of straightforward operations quickly. But experts are warning that the move could create more problems for the NHS which would still have to pay for operations carried out by the private sector from its own fixed budget and would then be left with the most difficult cases.
Sally Gainsbury, a senior policy analyst at the Nuffield Trust independent health think-tank, said that a greater shift to the private sector could "bake in a permanent reliance" on it. "That is a problem," she said. "Because the private sector are usually unable to treat complicated cases - which can make up around a third of cases." More than one million cases could be treated during a Labour administration by using spare appointments, beds and operating theatres in the private sector, according to David Hare, the chief executive of the Independent Healthcare Providers Network.
He said that its healthcare provider members had been buoyed by Labour's recent "ideological shift" in favour of the private sector. And another 800,000 cases could be treated in that time by 10 new "surgical hubs" that one large firm, Practice Plus Group, has revealed it will be ready to open.The change is likely to mean hundreds of millions of pounds extra for healthcare companies. Annual private sector income from the NHS is predicted to surge to £3.9bn in the post-election year of 2025, healthcare business consultancy LaingBuisson told i.
This projection amounts to a 9 per cent increase in a year and assumes a Labour government that seeks to "show it is making a dent in the waiting list", says LaingBuisson's Private Acute Healthcare, UK Market Report.
Tim Read, the director of research at LaingBuisson, which advises investors on healthcare in the UK, said Mr Streeting's endorsement of the private sector was "the best outcome they could have realistically hoped for".
Cont...
Totally Fooked has failed to address the long NHS waiting lists why would the Chanellor reward a failing business when it could engage in better service providers. Pretty obvious that competition leads to better service when TLY are clearly not up to the mark!
Still no new CFO clearly when the one closest the money pot jumps ship you know the financial results will be dreadful..An utter basket case of a business, no prospects, one customer the Government, high overheads, no money, hihh cash burn rate, low margins only 1%, limited credit lines just a sinking ship heading onto the nearest rocks!
Next stop a cash placement to keep the utter basket case afloat for a few more months!
Nonsense, rubbish business this.
I will never buy this company
The Budget is on Wed.
This is likely to be the last prior to the GE, which is due within the next 12 months.
Given the waiting lists are still high and the GE is due, I'd expect the Chancellor to announce plans and/or more money to bring the waiting lists down quickly.
This is likely to include using more private providers like TLY.
Still a long way to go to bring down NHS England waiting lists. To do so, the NHS will need to be using private providers for a lot more work.
NHS waiting lists falling but will stay above pre-Covid levels until 2030, IFS says
Length of time patients must wait for A&E care, diagnostic tests, cancer care and surgery will remain high, report predicts
"However, in sobering news for the Conservatives and Labour, the thinktank also said that whoever forms the next government will not get the waiting list back down to pre-pandemic levels by the end of the next parliament, which is likely to run until the end of 2029.
The length of time patients are forced to wait for treatments such as A&E care, diagnostic tests and cancer care, as well as planned surgery – already the worst on record – are also likely to remain frustratingly long.
In January last year the prime minister said that “NHS waiting lists will fall and people will get the care they need more quickly” was one of the five promises he asked voters to judge him by. However, he admitted recently that he had not fulfilled that promise.
The waiting list stood at 7.2m when he made the commitment but by December it had risen to 7.6m. Sunak blamed strikes by NHS staff since December 2022, which have forced hospitals to rearrange 1.4m operations and outpatient appointments.
The size of the waiting list, which covers procedures patients are waiting for under the NHS’s referral to treatment scheme, has fallen in each of the past three months, from 7.8m to 7.6m. That is primarily because hospitals have made determined efforts to tackle the backlog, for example by putting on extra sessions of surgery in the evenings and at weekends."
https://www.theguardian.com/society/2024/feb/29/nhs-waiting-lists-falling-but-will-stay-above-pre-covid-levels-until-2030-ifs-says
Unhooked.
News due just after the next cash raise I believe!
I think its not as good as you are at loosing money,is it ? TwoGOOD
Sorry to drag this worrisome matter up, but still no news on a replacement CFO. The last CFO resigning without a word of thanks to her in the notification was and is a concern.
Maybe I'm being foolhardy but I'm refraining from selling my shares down here. Still, I am nervous and can't wait for an update on trading and the cash position. Anyone have an idea when it's due?
I think it's good at losing money if that helps!
“Labour may well very well lose the next election”?! What planet are you on, TwoGood? You’ve gone too far now. And what imminent results RNS are you on about? The year doesn’t even end until 31/3. Here’s a thought - maybe you just don’t have a clue what TLY does?
And down she goes 7.79% soon sub 5p!
To bad ..Two Good it wont happened and why are you so interested anyway ? Is it because you like to see all your *rap on here all the time ? When the results do come out inevitably you will just disappear back down your hole like before.