The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The info was all there. My opinion was based on the info and my own experience. The outcome wasn't a surprise.
Turcan being as ex-NED, so is likely to know the parameters the company is working towards.
Shares not suspended.
Lombard selling significantly.
The rns stating 'lower end of range'.
It was a full and final settlement.
A backer and they would want their fees asap via the easiest route.
The talks going close to end of Stay period.
https://www.lse.co.uk/profiles/stt1/
You can't change the facts.
Gigawatt,
"The Edison guidance has been spot on given that the case didn't go all the way to court and an early settlement will always be at a large discount"
Exactly, a basic point which many don't understand.
It was a "full and final" settlement so would include everything, inc other jurisdictions.
The signs were all there.
The outcome is as expected.
My prediction was:
$100m net
As Turcan worked as NED, he would know the parameters the company is working towards, hence Lombard selling on 6th January, in total 4 rns of them selling.
BoD's hands tied as backers can walk. They would want their money via the easiest route.
Lombard selling, media quotes of "as high as $500m" and backers were the signs I pointed to.
https://www.lse.co.uk/profiles/stt1/
Well done to Gigawatt and other realists who countered the rampers on here.
Ginodog, this on top of 70% drop in Trmr, which crashed due to red flags I warned about. Glad you saw the red flags. NOT.
You must be feeling deflated given you started this thread.
Radium,
You really must check your facts.
After buying Pioneer Health last March, TLY company wanted to merge it with their own Totally Health division. Pointless having 2 subsidiaries doing the same work, is there? The merger would mean changes to their working capital model, as they were merging their own division into the company they bought. Which is exactly what the company said:
"-- Cash position of GBP7.4 million at 30 September 2022 (31 March 2022: GBP15.3 million) reflecting the impact of changes in our working capital model and accelerated growth"
unhooked,
From 16th November 2022
Totally (LON:TLY) – broker’s Target is 70p
Analyst James Wood at Canaccord Genuity Capital Markets rates the shares of this medical services outsourcing group as a Buy, with a price objective of 70p compared to the 31p, at which they closed last night after the group’s interim results.
They showed that turnover for the six months to end September was up 14.1% at £70.3m, while the interim pre-tax profit was £1.0m (£0.9m), with earnings easing fractionally to 1.06p per share.
Wood estimates that the current year to end March 2023 will see revenues rise from £127.4m to £140.8m, profits of £5.8m (£4.0m) with earnings of 3.3p (2.1p) and an unchanged dividend of 1.0p per share.
For the coming year he has £155.0m sales, £8.0m profits, 4.4p earnings and 1.0p dividend per share.
“We believe Totally remains well-placed to secure future growth by focussing on areas where demand for healthcare is outstripping supply with the group said to be well-advanced in securing capacity and staffing needs for the winter months. “
Radium should really post opinions from posters other than his fellow Trmr fans.
https://www.lse.co.uk/profiles/1gw_/
To counter the misleading post by 1gw.
His opinions in "". All proven wrong. Radium is yet again quoting another poster who has been proven to be wrong!!!
He should really check the facts before posting other poster's posts. It would save being repeatedly embarrased.
"So I think it is difficult to argue that it won’t have a reputation impact, pending a more comprehensive rebuttal by Totally."
Wrong.
It didn't stop TLY winning a £66m contract in SE London
https://ir.design-portfolio.co.uk/viewer/100/55210
"Of course, if Totally can’t meet performance standards at acceptable margin then it could just try to move away from urgent care contracts towards other types of contract which it can make work both financially and operationally."
That's complete rubbish and you know it. You're deliberately mixing 'contracts' with 'subsidiaries'. Given 1gw attended so many AGMs, looked at slides, asked questions, he would know they are different.
Wrong.
2 weeks ago, they signed a £10m pa contract for UC subsidiaries, so 1gw talking rubbish, as per usual. Why would they sign a £10m contract if they were moving away from UC????
https://ir.design-portfolio.co.uk/viewer/100/55546
1gw knows NHS 111 is a part of Urgent Care subsidiary. He claimed it would close due to covid. 999 and 111 services never closed.
What happened? 1gw were proven completely wrong, again.
" if this means replacing urgent care contracts (which appear to provide early cash) with insourcing/outsourcing contracts with more traditional working capital models."
Again, wrong.
UC contracts don't provide early cash, they provide REGULAR monthly cash.
Feeks,
" One is ending with Patent Peace (displays), and one is just getting started (sensors)."
It makes no difference. The settlement amount, if agreement, is what the majority of readers are interested in.
The BoD or investors can't move forward until the outcome of the litigation is known.
No point discussing other divisions with it.
I think Lombard are likely to know how much the remaining parts of the business are worth excluding the litigation outcome.
NGR,
They sold into a rising share price on the Fri 6th, day of 1st rns.
What about the other 3 times they sold??
They sold when the price wasn't rising and last reported sell, so far was 17th January when sp was in the mid 30s.
They sold 4 times within ONLY 8 trading days to take their last declared holding on 17th January to 12.16%.
https://www.nanocotechnologies.com/investors/regulatory-news-alerts/
Feeks
"They are prudently trimming some profit. It is not hard to understand. "
FACTS:
They held 19.97% before the 1st rns, Friday 6th January.
They sold 4 times within ONLY 8 trading days to take their last declared holding on 17th January to 12.16%.
So they sold a huge 7.81% or around a huge 39% of their holding.
That's some trimming!!! lol
If selling around 39% of your holding is trimming, I hate to see what your definition of significant is!!
https://www.nanocotechnologies.com/investors/regulatory-news-alerts/
I'd say they sold a significant chunk of their holding based on info they have, wouldn't you?
I'm not surprised by the selling given the company statement re settlement being at 'lower end of range'
Feeks,
" Why would LOAM not sell part of their stake to bank some profits?"
It's the timing. They sold significantly when 1st rns and then more few days later.
Why not wait for bigger profits if the expectation was a bigger payout?
Look at this £66m contract. Just the other side of London.
Greenbrook previously held it but have now renegotiated new service spec and financial terms.
Exactly what Wendy said in the investor presentation.
"Greenbrook had delivered urgent treatment centre services at Princess Royal University Hospital and Beckenham Beacon since 2013 and 2014 respectively, and recently re-tendered against a new service specification and financial model."
https://www.sharecast.com/news/aim-bulletin/totally-secures-new-south-east-london-urgent-care-contract--11676902.html
This contract with the Hillingdon CCG (same areas ICS) was signed last year for a period of 2 years until 2024. So if there's reputational damage, as some claim then this should have been terminated, given it's the same area.
But it hasn't been.
"Under the terms of the Contract, Vocare, which forms part of Totally’s Urgent Care division, will provide GP-led primary care services for Initial Accommodation Centre service users located within 34 hotels in the London borough of Hillingdon and neighbouring boroughs.
Today’s contract was initially awarded in February 2020 to meet the primary care needs of individuals seeking asylum in England who were located mainly within Hillingdon in London.
During the Covid-19 pandemic, the contract scope was expanded to include support for new arrivals into UK local airports who exhibited symptoms of Covid-19, the company explained. Under the new terms of the deal, the extension will run from 1 April 2022 to 31 March 2024.
Totally’s Urgent Care division has already been awarded three new contracts and multiple contract extensions, together worth a total value of more than £54m this month. These contracts will see the division deliver its services across several locations in England.
As a result of these contract wins, Totally will deliver its services across North East England, Staffordshire, Stoke-on-Trent and South East London. Vocare was awarded a contract with Staffordshire and Stoke-on-Trent CCGs for the provision of GP Out of Hours services."
https://www.**********.co.uk/articles/-totally-s-urgent-care-division-wins-further-nhs-contract-worth-1-3m-d749e0a/
If there was anything untoward following the NW London contract ending, significant changes to expectations etc, then I think the brokers would have published a note and the company would have issued a profit warning.
Allenby haven't published an update. The company haven't issued a profit warning.
https://www.allenbycapital.com/our-research/?fwp_research_client=440
Read my posting history - I've only posted on Nano & TLY over the past 30days, with the majority on Nano. Nothing on trmr.
https://www.lse.co.uk/profiles/stt1/
The disrupters have upped their nonsense and misleading posts over the past few days. They obviously have multiple ids they are using on Nano.
They've admitted to posting because of a personal vandetta and so nothing to do with any concerns over the company.
Enough said.
Hawi
"They need profits after their other holdings are performing so poorly."
Lombard just happened to want to sell a significant amount on the same day of the 1st rns, Fri 6th January just to take profits to offset other poor performing holdings!!! If the outcome was going to be so great then why not wait until it is announced???? Unless of course, the outcome is going to be lower than they expected.!!
You say other poorly performing holdings. Maybe they sold significantly as they were concerned their holding here becomes poorly performing!!!
lol
Giga,
"I doubt think there's any insider dealing stt1."
I'm not saying there was any insider dealing.
Does anyone really think, as a NED Turcan never attended Board meetings?.
And at those Board meetings the litigation was never discussed including expectations, business plans, business prospects???
Giga
"why a fund manager might sell shares for reasons other than that their critical unemotional analysis shows that the market has reached fair value."
Exactly.
Turcan worked as Ned at the company until Sept 2022. I think he knows the parameters the company is working towards, hence why Lombard was selling significantly when 1st rns was announced on Fri 6th January.