Member Info for stt1

Hotchip,

"Always a good idea for a CEO to be given share options. "

The red flag is the timing and events which followed.

The huge 7m option was awarded to only to 1 exec

The options were granted only LAST year, BACK DATED a year and excersiable from just over FOUR months time.

Since the back dated options were awarded, the company has been talked up, some investors have bought in but the chairman dumped his entire holding!!

Feb 2023 - options awarded, back dated:

https://polaris.brighterir.com/public/hvivo/news/rns/story/x21q5mw/export

Dec 2023 to Feb 2024

Tipped in several publications

14th Feb 2024 - Chairman dumps majority of his holding

https://polaris.brighterir.com/public/hvivo/news/rns/story/xe1g9jw/export

17th July 2024 - 'positive' TU

https://polaris.brighterir.com/public/hvivo/news/rns/story/ryoe29x/export

23rd July 2024 - Chairman dumps his remaining holding

the chairman dumps his entire remaining holding just 4 working days after the TU/Investor presentation

https://polaris.brighterir.com/public/hvivo/news/rns/story/xpdodqx/export

From interims:

"Poolbeg had a cash balance of £10.1 million as at 30 June 2024. The loss for the period amounted to £2.3 million (H1 23: £1.8 million) comprised of R&D expenses of £0.7 million (H1 23: £0.9 million), administrative expenses £2.1 million (H1 23: £1.4 million), and tax rebates and other income & charges of £0.6 million (H1 23: £0.5 million)."

Exactly as predicted

Cash & admin costs as predicted. My predictions £10m & £4m pa (cash & admin costs) compared to £10.1m & £4.2m reported.

Revenue NIL. Increasing losses, increasing admin costs.

I think they need a placing, as per my previous comments. The question is whether it will be a discounted placing and how deep that discount will be.

From my post 28th June 2024 @ 12.48pm

"Their admin costs have been increasing and with the new recruits, I think admin costs are now likely to be around £4m pa.

Therefore, as of H1 end 2024, end of next month, I think they will have around £10m cash.

They have had NIL revenue over the past 3 years.

I, therefore, think they will need a placing by end of H1 next year."

< 5 months before the CEO can start to exercise his options.

They were awarded ONLY last year, backdated a year and can be exercised from next year. Hardly long term.

"The LTIP has been designed to reward, incentivise and retain Mr Khan to deliver sustainable growth for shareholders. The deemed date of award is 24 February 2022, which is the date Mr Khan was appointed CEO. Under the LTIP, Mr Khan has been awarded 7,227,273 nominal cost long term incentive options ("LTIP Options") over ordinary shares of £0.001 each in the Company.

Vesting of the LTIP Options is conditional upon a three-year total shareholder return ("TSR") performance against an initial 11p reference price. A portion of the LTIP Options will vest on the third anniversary of the date of award subject to the achievement of a minimum 10% CAGR TSR performance increasing on a straight-line basis to vesting in full subject to the achievement of a 22.5% CAGR TSR performance.

The award of the LTIP Options is also subject to continued employment, malus and clawback provisions and will vest in full on a takeover of the Company."

https://polaris.brighterir.com/public/hvivo/news/rns/story/x21q5mw

BillB

"But stt1 still knows best"

Do you believe the chairman knows more about the company than any II or PI?

You're obviously backing your assertion and loading up at 29p+ and won't be selling a single share until the company reaches the £100m revenue.

You won't commit to it because you know the chairman dumping his entire holding is a huge red flag.

Readers have a choice. Either believe the chairman or II and current PIs some of whom were buying in at over 40p and who obviously want the sp to increase so they could sell .

If the sp is falling despite IIs loading up then what do posters suppose will happen when IIs stop loading up?

They won't continue loading up for months.

The chairman dumping of his entire holding whilst the company was being talked up was a red flag. It seems some investors maybe beginning to agree....

Amazing,

If the sp falls, it's the price is being manipulated....

If the sp rises, it's big, knowledgeable investors buying in.

it can't be that investors were disappointed with the lack of strong revenue growth rate, the lack of contracts, the lack of interim dividend

or it can't be investors following the chairman's lead and selling out.

Honest guv

;-)

Thompi

"We do want to hold on to our cash."

Why would a company want to hold onto so much cash?

They should have announced an interim divi but didn't.

The new facility was largely paid for by clients.

They certainly not looking at spending that sort of cash on M&A.

So why hold onto so much cash?

They obviously have ongoing cash needs and for projects.

The lack of contract news and revenue growth rate has significantly slowed is concerning.

I think the business model is questionable.

Elland,

"Doesn't matter what.goid news is coming out of the company,share price hardly moves!"

What good news?

The revenue growth rate has slowed significantly.

Order book is down.

No contracts announced despite claiming 2 months ago that they were close to signing.

No forecasts for fy2025, despite claiming strong visibility.

Crucially, the sitting chairman dumped his entire holding in 2 tranches, 28p & 29p. I believe he knows the company better than any II or PI, don't you?

If the chairman thinks the company is worth 28p/29p then why would others think different?

The company is being talked up. The CEO has huge >7m options, awarded only last year and backdated a year.

What good news are you referring to?

Absolutely, whilst this was a report on current state of NHS and there will be a report on Labour NHS plans at some point and it will be years before there are changes, TLY is already providing some of the services, like Care Home visits.

As an existing provider, they should win more contracts.

From website:

"Acute visiting service

Totally provides an acute visiting service (AVS) as part of an integrated care system in certain regions across England. The service is for patients who need to be seen in their home or care home. Operating during the day to support primary care, AVS can be delivered as part of an integrated care system. The service helps to reduce inappropriate hospital admissions and enables patients to be cared for in the most appropriate setting."

https://www.totallygroup.com/our-services/urgent-care/

The service is already offered.

TLY in the right place at the right time.

As mentioned, the report into the state of the NHS.

The focus is on Out of Hospital Care, which is great news for TLY.

TLY's business model is out of hospital care, with their subsidiaries including Urgent Care centres, Physio, and Corporate Business Wellness.

As well as Elective Care to reduce waiting lists.

TLY have adapted to the requirements of the NHS and as those requirements have changed, so have TLY.

https://www.bbc.co.uk/news/live/c0qejx03zjnt

Burton

FACTS:

The chairman dumped his entire holding only 4 working days after the July TU/investor presentation.

I believe the chairman knows the company better than anyone else. Him dumping his entire holding is a huge red flag.

"£71mn closing order book offers strong visibility"

The order book is c10% lower than H1 fy2023, £78m.

If it offers strong visibility, what is the guidance for fy2025 ?

"Revenue up 30 per cent to £35.6mn"

Compared to H1 fy2023. Yet the company own figures show revenue growth rate has slowed significantly.

Growth slow significantly

Fy2022: £48.5m (+30%)

Fy2023: £56m (+15.5%)

Fy2024: £62m(+10.7%)

"Full year revenue of £56.0 million, an increase of 15.5% (2022: £48.5 million)

Revenue guidance of £62 million for 2024"

https://polaris.brighterir.com/public/hvivo/news/rns/story/xopzn1r/export

Brum

"Cathal got the opportunity to cash in recently as he prefers to invest in his other earlier stage ventures. I’d rather have long term institutional investors on board than him. He has moved on"

No, he hasn't.

I would agree if he was an ordinary employee or ex-chairman.

However, he IS the CURRENT chairman and hasn't moved on.

As current chairman, he is supposed to represent the interests of the company and it's shareholders and not his own.

If he wanted to just invest and then sell at a profit then he should have resigned ages ago and invested as he wished. Yet he didn't.

In fact, when I previously mentioned CF had sold a majority of his holding and saw it as a red flag, I was told that he still retains a significant interest.

That's not true anymore.

Further to the huge red flag of sitting chairman dumping all his shares, whilst the company was being talked up, the CEO has huge >7m options, which start to exercise in < 5 months. He only needs to keep investors onboard for a few more months, doesn't he?

Where's all the contracts that were touted only 2 months ago?

Where's all the significant growth that was touted only earlier this year?

Hallsworthy,

Oh dear, another HVO holder deramping TLY.

You think the purchase by the new CFO was paltry.

What do you think of the chairman of HVO dumping his ENTIRE holding just 4 working days after the TU??? That's a huge red flag, isn't it?

How many shares has the HVO CFO bought?

The CEO of HVO has huge 7m options.

It's strange you're ramping HVO when the sitting chairman dumped his entire holding, isn't it?

Clueless, hyprocrite.

Brum

"Mo said they have never had so many IIs on their register. Not bothered with Kathal being out"

TLY have c40% IIs.

The new CFO just bought shares, announced today.

Plus they won contracts recently.

Mcap £18m

Yet Hallsworthy is busy deramping them citing lack of director buys.

Odd, on HVO, he doesn't say the same about HVO's chairman dumping his entire holding or the lack of buys by CFO or CEO.

Double standards, depending on which he is ramping!!!

Brum

"Mo said they have never had so many IIs on their register. Not bothered with Kathal being out"

The IIs came onboard over the past year or so, didn't they? It's not a coincidence that the CEO was awarded >7m options, last year and back dated a year and start to exercise in < 6 months time.

The sitting chairman selling whilst the company is being talked up is a huge red flag. No CEO would say it's a red flag as it would crash the sp and the CEO can't let that happen before he gets his options.

" HVO target of £100m revenue by 2028 implies 12% cagr from £62m this year."

That's exactly my point. Proven right by the company statement.

Revenue growth rate has slowed significantly.

So Chairman sells as growth has slowed significantly.

Look at the CEO's options, exercisable starting in < 6 months.

They just need to keep investors interested for a few more months.

"The LTIP has been designed to reward, incentivise and retainMr Khan to deliver sustainable growth for shareholders. The deemed date of award is 24 February 2022, which is the dateMr Khan was appointed CEO. Under the LTIP,Mr Khan has been awarded 7,227,273 nominal cost long term incentive options ("LTIP Options " ) over ordinary shares of £0.001 each in the Company.

Vesting of the LTIP Options is conditional upon a three-year total shareholder return ("TSR") performance against an initial 11p reference price. A portion of the LTIP Options will vest on the third anniversary of the date of award subject to the achievement of a minimum 10% CAGR TSR performance increasing on a straight-line basis to vesting in full subject to the achievement of a 22.5% CAGR TSR performance."

https://polaris.brighterir.com/public/hvivo/news/rns/story/x21q5mw/export

Were you actually expecting them to say that the chairman dumping all his holding is a bad thing. That would cause the sp to crash, wouldn't it?

As I've said before, obviously the company will continue to be talked up.

The CEO has huge >7m options, awarded last year and exercisable in < 6months time.

They just need to keep investors onside for few more months.

As to IIs interested, there have been several large trades without the chairman having to sell. That proves he didn't have to sell, doesn't it?

As to CF, well his comments already appeared in an article, suggesting I'm alright jack, who cares about the PIs....

www.businesspost.ie/news/six-or-seven-million-quid-for-my-shares-thats-bloody-good-cathal-friel-on-selling-hvivo-stake/

"Decent explanation on cash/revenue and order book and opportunities."

Really?

What is the current weighted order book then?

Where's the contracts they spoke about 2 months ago?

Doesn't seem like they have an answer, does it?

Anything on why the chairman dumped his entire holding just 4 working days after the TU/investor presentation? Oh

Jam tomorrow, lack of facts today.

No wonder the chairman dumped his entire holding 2 months ago

Let's see if the chairman was right to dump his entire holding 2 months ago.

Any clues from the investor presentation on lack of revenue/order book growth.

"love the fact that there's £40m of contracts close to being signed"

Didn't they say they were close to signing contracts 2 months ago???

What happened?

Oh, the chairman dumped his entire holding only 4 working days later.

What they actually say is, short to medium term POTENTIAL opportunities..

"Pipeline of live opportunities continues to expand including interest in new challenge models and new revenue streams with short to medium term potential opportunities of c. £40 million"

https://polaris.brighterir.com/public/hvivo/news/rns/story/w0z1jpr/export

So nothing about being close to signing £40m contracts then!!!

Short/medium term potential isn't same as close to signing, is it?