The TLY reality27 Feb 2022 19:00
Tricky - it doesn't take a genius to realise that you have little, or no understanding as how to appraise a company for investment purposes.
Your comments such as, the Government "tightly control, restrict and monitor the profits made by private companies" is total nonsense. This is NOT how capitalism works in a democracy - this isn't Russia (thank goodness!).
The Government were not even concerned about the billions of pounds squandered by the NHS, when buying faulty PPE products in the early days of the pandemic. So I doubt if 'Big Brother' will be keeping an eye on small companies, such as TLY, whose care services account for a few crumbs of the NHS eye-watering budget.
And frankly, I reckon TLY would bite your hand off to get 'a few crumbs' every year from NHS's annual budget of £200m plus.
Assuming you understand that cash is king in any business, an indicative sign of true success is being able to convert paper profits into hard cash.
So Trixie, here are a few salient facts about TLY, which you may wish to digest:-
Since March 2020 (when the Covid pandemic was about to begin with the resultant global economic downturn):
1. TLY's annual trading loss of £3.1m (2019/20) was completely eliminated and it actually posted a £250k profit for the ye. 31 March 2021.
2. Net profitability continues into 2021/22 with a trading profit in H1 of £900k.
3. Cash balances have more than doubled from £8.9m to £18.3m (@ 30 Sept 21) and that is AFTER payments to shareholders of two dividends totalling £900k.
4. Current borrowings reduced by a further £1m.
What's there not to like here?
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