Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Quote Jeremy Hunt re NHS productivity Plan:
“Making changes on the scale we need is not cheap. The investment needed to modernise NHS IT systems so they are as good as the best in the world costs £3.4bn.
“But it helps unlock £35bn of savings, 10 times that amount. So in today’s Budget for long-term growth, I have decided to fund the NHS productivity plan in full.”
I imagine hats are being thrown in the air this afternoon @ Feedback Towers. This sounds incredibly positive.
“We will fund improvements to help doctors read MRI and CT scans more accurately and quickly, speeding up results for 130,000 patients every year and saving thousands of lives”
Read that carefully. Does that not sound remarkably like a more efficient clinical communications system? ;). You know, the one that has provided independent evidence that it could be saving the NHS millions?
Elartu yes I also noticed this whilst researching. I guess my first question is where did they get the number 40 from? Surely it wasn’t a random number plucked out of the air. Did they make it up? I think the answer is I doubt it. Was it a genuine mistake? Possibly. If it was a mistake, it’s rather a glaring one because as we know that number carries a huge amount of financial significance for feedback. Roughly, £25 million ARR worth of significance!
I guess all will become clear in due course.
I’m still substantially down, average of circa 9.7p. I thought that was cheap when I bought!
I prefer to use EV to MC as a valuation metric and on that basis it’s currently £4m which, imho, is a snip. Nothing wrong with the company or product. It’s management lethargy that’s been the issue. I think that is finally being addressed now with a more proactive commercial focus.
We’ll see. If all else fails this is a hands on TO target for a bigger coatings company.
I won’t consider re-entering until the finances are resolved. There is going to have to be a cash raise in the next two months. And recently there have been some heavily discounted placings so lord knows what the price will be. Under 10p? I would not be surprised.
Sixth on the Leaders Board. 14p rise. Up 16.77%
Decent volume
If Somebody had offered me that before the start of play, I would’ve taken it. :)
Haven’t checked the technicals but I reckon we’re in an uptrend now.
Onwards and Upwards.
Jimbos - I suspect many people are unaware of the level of institutional shareholdings in this company. Over 46% of FDBK is owned by four financial institutions. And that, I would suggest, is very unusual for a micro cap like this.
Unicorn Asset Management Limited* 18.21%
Octopus Investments Nominees Limited* 12.75%
Premier Miton Group PLC* 9.5%
Mole Valley Asset Management Ltd* 6.15%
Between them they have invested eight figure numbers here and all are sticky holders. Impressive I would say. And not a lot of free stock.
Anyone who thinks this morning was a P&D is, to be blunt, anignorant fool. No P&D gang would attempt a P&D here. I would not work because the stock is far too illiquid.
Lesson: for a successful P&D you need LIQUIDITY.
And here’s the link to the TB article in the Indian press Barnacle ;)
https://health-economictimes-indiatimes-com.cdn.ampproject.org/c/s/health.economictimes.indiatimes.com/amp/news/industry/feedback-wins-ihw-digital-health-2024-gold-award-in-india/107449329
It’s surely implausible that having won such a relevant award that Bleepa should consequently fail to be a part of the planned TB screening programme given the acknowledgment that digital technology has to be at the heart of it.
Modri wants to eliminate TB from India by the end of 2025, a very ambitious target. He’d better get a move on then!
Just to continue on from the same theme of yesterday. The TB opportunity (if realised) is HUGE for Feedback. There isn’t really an adequate word to describe it tbh.
To give an illustration (going on information previously provided by TO in 2021) the cost (in 2021) for the Indian government to provide an individual screening per patient was £20.
Tom stated that Feedback could provide the Bleepa offering for £2 per patient giving an EBITDA return of 80% margin! That would leave 90% for other partnership providers (such as Quere.ai and AWS to take their slice.
In terms of patient numbers to be screened, India is huge, so we are talking many millions per state. One state could provide in excess of £15m revenue (if population 7.5m x £2 for a random example)
The numbers are truly staggering and it’s no exaggeration to say that IF they are chosen to participate in the screening as a digital partner, and we know the trial was clearly successful this would 20, 30, 50 bag from here.
Radio silence. When is this company going to update the market. They started drilling back in January and suggested they would be updating as and when? Helloooo
Digital Personal Data Protection Act 2023: Impact On Indian Healthcare Industry
‘The Digital Personal Data Protection Act, 2023 (DPDP Act) is a new law regulating personal data processing in India. It aims to protect the privacy rights of individuals and create a framework for data governance and accountability. The DPDP Act will significantly impact the Indian healthcare industry, which is still in its early stages of digital evolution.’
https://sujeetkatiyar.medium.com/digital-personal-data-protection-act-2023-impact-on-indian-healthcare-industry-f8e52321dc14
Yes it is. The key to all this was the (imo) inspired appointment of Rohit Singh. This guy worked for the UK India Business Council for I think over ten years. Can you imagine the network of connections he built over that period? If you check out his LinkedIn profile you will see he is highly respected and well known in Indian business circles. Note the recent awards. As Tom pointed out in the recent webinar the ‘Jury’ which made the decision on the Digital Healthcare Award was made up of Indian government officials and big hitters in Indian business. All the type of influential decision makers you want to be noticed by. The best sales and marketing pitch Bleepa could have had!
Rohit also gave a talk at the same conference which was stated in the Key highlights as ‘Expert session on Digital innovation in clinical communication comply with Data Protection Act 2023 and other Use cases.’
What more can I say?
Yes it is. The key to all this was the (imo) inspired appointment of Rohit Singh. This guy worked for the UK India Business Council for I think over ten years. Can you imagine the network of connections he built over that period? If you check out his LinkedIn profile you will see he is highly respected and well known in Indian business circles. Note the recent awards. As Tom pointed out in the recent webinar the ‘Jury’ which made the decision on the Digital Healthcare Award was made up of Indian government officials and big hitters in Indian business. All the type of influential decision makers you want to be noticed by. The best sales and marketing pitch Bleepa could have had!
Rohit also gave a talk at the same conference which was stated in the Key highlights as ‘Expert session on Digital innovation in clinical communication comply with Data Protection Act 2023 and other Use cases.’
What more can I say?
Coffee - yes indeed. Human beings eh? No matter their background can be remarkably resistant to change. They get comfortable with what they have and seemingly less concerned with patients data security than their own ‘convenience’. One strongly suspects they will have to be dragged screaming into change. So be it!
‘ India implementing largest digital programme for TB surveillance, says official’
Read more at:
https://health.economictimes.indiatimes.com/news/industry/india-implementing-largest-digital-programme-for-tb-surveillance-says-official/107899554
I suppose it’s a mere coincidence that Feedback were awarded a Gold Award for Digital Innovation in Rural Healthcare in India (for their TB screening) at pretty much the same time that the news about a digital TB screening programme filters out.
https://health-economictimes-indiatimes-com.cdn.ampproject.org/c/s/health.economictimes.indiatimes.com/amp/news/industry/feedback-wins-ihw-digital-health-2024-gold-award-in-india/107449329
WhatsApp use is endemic in the NHS. What if there were an easy to use alternative for clinicians to use?
https://www.htworld.co.uk/news/digital-health/patient-care-will-suffer-if-new-laws-end-whatsapp-use-in-nhs-doctors-fear-nhs24/?amp=1
Further to my last post checking out Shelby’s latest investor presentation in February.
Under the Multi Speciality heading (they run 10 hospitals) the following quote:
‘Adopting and leveraging technology to bring better medical outcomes and patient reach’
Hmmm I wonder who could help there? Join the dots.
VERY interesting post today by Feedbacks MD in India Rohit Singh. This is what he says….
‘ It's always my pleasure meeting you Dr Sanjay Durani, Medical Superintendent at Sanar International Hospitals, now part of Shalby Limited. Your dedication to excellence in healthcare is both admirable and inspiring. Learning about the unwavering commitment of your hospital to deliver exceptional healthcare services and prioritize patient experiences as the cornerstone of its mission is truly uplifting.’
OK so Sanjay Durani is the Medical Superintendent at Sanar International Hospitals. The MS in India is the person who is in charge of and runs the enterprise. You could say the guy who makes decisions about organisational strategy and working procedures amongst other things. The only role above him is the MD. Sanar international hospitals is owned by Shelby Limited.
https://www.shalby.org/about-us/about-shalby/
On their website Shalby talk about ‘patient-centric’ care. Now where have I heard that phrase used before? ;)
Now Rohit is showering praise on this guy in the LinkedIn post but I’m sure his visit was more than just about mutual pleasantries with a cup of tea don’t you think? ;)
Rohit has a mighty big smile on his face too. I wonder why? ;)
Anyone else think they were striking a Bleepa deal?