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NHS England - waiting lists at record high.
Number of people on NHS waiting lists in England at record high
"Figures show 6.2m people waiting for routine hospital treatment, with A&E and ambulance waits also soaring"
https://www.theguardian.com/society/2022/apr/14/number-of-people-on-nhs-waiting-lists-in-england-at-record-high
Those are for NHS England only.
TLY, through it's insourcing division provides it's services to all 4 UK nations and since June last year, the Republic of Ireland.
Their other divisions, within their diversified business model, include Urgent Care, Planned Care, Wellbeing services for Company staff.
Growing recurring revenues of £120m+++, cash £11m, pays dividends.
Mcap £75m
Last year the fy TU was on 13th April, so hopefully we should get fy TU next week.
Growing recurring revenues of £120m+++
Cash in bank approx £11m.
Paying dividends.
Last 5 years:
period revenue, cash, adj Ebitda
2017 £21.3m, £11.3m, £5.6m
2018 £42m, £10.2m, £0.2m
2019 £78m, £7.5m, £1.1m
2020 £105m, £8.9m, £4m
2021 £113m, £14.8m, £5m
*2022E £122.9m, £11.0m, £5.5m
*2023E £140m, £13m, £8.3m
*Est is from Allenby, the company broker in March 2022.
sp 38p
Mcap £71m
"Insourcing is a system whereby hospitals subcontract medical services and procedures to Totally Healthcare who then utilise hospital premises and equipment for service delivery.
The insourcing model is cost-effective model and reduces the pressure caused by long waiting lists, while providing patients quicker access to care and a high-quality service.
This may be a small division in terms of Group revenue, but it is high margin and growing fast with Totally expecting significant growth from this segment as the government seeks to clear the vast NHS backlog."
https://aiminvestor.co.uk/open-positions/buy-totally-tly/
Tricky,
"stt1 states that TLY are integral to clearing NHS waiting lists."
It was the title of the article!!!. lol.
You really should read posts and do some research, it'll help you stop repeatedly embarrasing yourself. lol
Totally integral to clearing record NHS backlog
https://aiminvestor.co.uk/open-positions/buy-totally-tly/
TLY, through it's insourcing division provides it's services all 4 UK nations and from this year, Republic of Ireland. That's a huge footprint.
"Totally Healthcare – provider of insourcing to reduce hospital waiting lists"
https://www.totallyplc.com/our-businesses/totally-healthcare/
thanks Thordon
Good summary of TLY and it's business model and prospects.
Totally integral to clearing record NHS backlog
"The Government and NHS England have set the ambition of eliminating all waits of more than a year by March 2025, a target that will be funded through a Health & Social Care package worth more than £36bn over the next three years.
A company that is integral to the government coming anywhere near its NHS backlog targets is Totally (TLY)."
https://aiminvestor.co.uk/open-positions/buy-totally-tly/
Qwerty
"Anyway back to bouncing around for the next six months..."
agree. the vicious circle, US following UK following US until news.
The company (blnx/rthm/tap/trmr) has a history of buy backs, court cases, placings and massive director awards and then repeat. lol
There you go, nothing new then.
- months and still no new contracts
- months and still no DiM spin off date..postponed since last year
- still no DiM contradts.
- still please don't sell your Polb shares when lock in period ends - announce some contract news before lock in period ends and PIs won't be tempted to sell.
- still 95%/£50m booked for 2022, no new contracts.
If they don't publish audited results within 6 months, ie end June, then shares will be suspended.
A lot of talk, a lot of jam tomorrow.
Actions speak louder than words.
Chesire,
"Good to see what a difference some communication from the board can seemingly make"
They have been giving presentations throughout so comms is nothing new. is it?
Here's what they were saying a year ago. Whatever happened to the £60m covid contracts which were close to being signed???
Their communication didn't stop the sp from crashing because PIs soon realised that they were missing expectations.
They have a history over promising, missing expectation, no contracts for DiM, no spin off for DiM.
£100m mcap for jam tomorrow??
I see more gullible PIs are getting drawn in as they have been several times before only to be left disappointed.
Don't take my word for it, listen to last year's presentation yourself and then look at the company/sector newsflow and sp downward trend which followed.
Listen to their presentation last year and yoHere was their presentation last year.
Here is CF's presentation from a year ago where CF said he was very close to signing £60m of covid contracts, most would be £10m+++.
Whatever happened to that 'very close to signing'???
Yet what is the total expected revenue for fy2021? £40m-£50m...lol
Don't take my word for it, listen to his presentation yourself..
This was trader_3's post from last year.
Cathal stated on last year's presentation:-
Cathal Friel - £60 million plus for new Covid CHIM contracts?
~9 min 50 sec
"In the very close future we'll be signing quite a few Covid 19 antivirals, quite a few Covid vaccination trials and as soon as they're signed you'll see the announcements and most of those trials will be north of £10 million.these are premium products and this is the only place in the world you can get them done.
https://www.youtube.com/watch?v=qIQpEiS1ZmE&ab_channel=Proactive
Best to trade and not get caught out again by the baseless ramping..
"CF focused on spin-outs, things will I believe move forward."
He was focusing on spin-offs last year. The Polb spin off with it's 9 month lock in hasn't done well, esp as the lock in period ends next month, so there's a potential sell off by PIs as soon as the lock in ends.
Every presentation it's things are different but they haven't been. Look at the previous presentations and rns, a spike followed by selling.
Best to trade and not get caught out again.
For those who think the presentation is a turning point.
To back up my stance re the company having a history of over promising, missing expectations. Also my stance on the £75m being jam tomorrow..
This was CF's corresponding presentation from a year ago.
Note the 'in very near future' comment as opposed to current £75m pipeline.
Whatever happened to those £60m contracts to be signed in 'the very near future'??
Have a listen yourself.
Trader_3 - 22 Mar 2021 - 10:35:02 - 13422 of 20224
Cathal Friel - £60 million plus for new Covid CHIM contracts?
Cathal stated on his recent presentation:-
~9 min 50 sec
"In the very close future we'll be signing quite a few Covid 19 antivirals, quite a few Covid vaccination trials and as soon as they're signed you'll see the announcements and most of those trials will be north of £10 million.these are premium products and this is the only place in the world you can get them done.?
https://www.youtube.com/watch?v=qIQpEiS1ZmE&ab_channel=Proactive
So that should have been £60 million plus of contracts ˜in the very close future", in addition to everything else. Yet their total fy revenue for fy 2021 is around £40m-£50m.
£75m pipeline is jam tomorrow until contracts are actually signed. It means nothing. The company does have a history of overpromising, under delivering and missing expectations.
Still no contracts for DiM, still no DiM spin off date. It was originally planned for last year then early this year.
In terms of sp movement, have a look at the sp spikes following previous presentations and rns. The sp fell back following the spike.
I said that 4x revenues was too expensive and the mcap should be around £100m. The mcap did fall back to £100m, as expected
Investor meet presentation following Pioneer healthcare acquisition..
https://presentations.investormeetcompany.com/investor-meet-company/TOTALLY-PLC-Investor-Presentation
A strategically important and earnings enhancing acquisition
"– Extremely well positioned to support the NHS in reducing patient waiting lists - The insourcing and outsourcing services provided by Pioneer and Totally are positioned to support the NHS in reducing patient waiting lists for pre-planned treatment which at 6.07m people, has reached record levels. To put this number into context, if one person was treated every minute of every day (24 hours a day) it would still take over 11 years to reduce the list to zero."
"High demand but a limited number of qualified providers - Organisations qualified and on the respective key NHS frameworks to provide these services are limited, thus providing a significant barrier to entry. For outsourced services there are 37 such providers and for insourcing services there are just 18 (two of these belonging to Totally).
Pioneer is also one of only three providers known to provide both insourcing and outsourcing services."
"Immediately earnings enhancing – The acquisition will be immediately enhancing but will have minimal impact on Group results for FY22 (apart from the cash outflow from the initial cash consideration) but will be consolidated for 12 months of FY23 for which year we are raising adjusted EPS forecasts by 30% to 3.0p (yoy growth of 65%). For FY24 we are forecasting yoy EPS growth of 39% to 4.1p (26% above our previous forecast). At September 2021, Totally had cash of £18.3m and the Group continues to generate cash.
Therefore, cash balances are still expected to be more than adequate to fund working capital, even after funding the acquisition. To reflect the enhanced earnings and strong strategic positioning of the Group we are increasing fair value from 65p to 75p."
https://www.allenbycapital.com/our-research/?fwp_research_client=440
TLY continues to expand and acquires another company, Pioneer Healthcare, the 2nd acquisition within the last 3 months.
Great acquisition. There's a huge increase in business in both insourcing and outsourcing..
The AQP is a huge bonus as it allows direct selling to NHS patients. There's also the opportunities for cross selling of TLY's other services.
https://www.pioneerhealthcare.co.uk/
Rusty,
"Interestingly saying today, once its completed, might undertake another one ?"
The say the same every time. Here's the previous buy back announcement in Dec 2020 for the buy back which ended March 2021, a year ago. EXACTLY same wording, different dates, so it's not unusual.
"At which point, the board will review the merits of implementing a further share repurchase programme."
https://investors.tremorinternational.com/static-files/645f6633-5158-4bb3-b453-e5f62d65e4a5
That buy back ended in March 2021. They had a placing only 3-4 months later.
Not forgetting they also issue millions of options as well.
They have a history of buy backs, placings and issuing millions of options.
Pubmatic shares fall 11% after they announce qtr4 results.
https://finance.yahoo.com/quote/PUBM/
Tricky,
You and Eddie still show your complete lack of understanding of how NHS/TLY model works.
Private companies have been part of the NHS since it was created over 70YRS ago.
Contrary to your stance it would be political suicide for any party to scrap private companies within the NHS.
As to making profits, have you ever seen a poor GP, hospital consultant, agency nurse etc??? No, they are all racking it in.
Urgent care is just one of TLY's division. The division provides TLY with solid regular income, revenues and cash. It is their foundation to build their business model. NHS 111 contributes around 20% of TLY's revenues.
Since the foundation was set in 2019, TLY have setup and grown their other divisions using EXISTING MONEY.
Insourcing division was incorporated in Oct 2019 and has grown using existing funds. This division is growing fast and only a few months ago expanded their footprint to Republic of Ireland. RoI is NOT part of NHS nor the UK govn!!!
Insourcing is growing fast because the govn has RECENTLY changed it's priorities to reduce the backlog of operations. The new NI tax hike is due in about 6 weeks.
Planned Care - the govn is moving towards more out of hospital care and self-care, which is where physios etc come in.
EFP - TLY acquired this company a few months ago FROM EXISTING FUNDS.
Companies are responsible for their staff health and welfare whilst they are working, even if they are working from home.
You obviously know all this because you repeat the same misleading rubbish every few weeks and receive the same facts in reply.
lol
Rusty,
"This is a much bigger buyback programme than the last one, and at times they were able to buy very little or no shares on some days."
You forget the obvious.
This time they are Nasdaq listed, so they can play the arb and keep the sp lower.
Nasdaq short position is 452k (15th Feb), which is the highest it's ever been.
https://www.nasdaq.com/market-activity/stocks/trmr/short-interest
I actually say I treat all brokers targets, BB/social media posts with a pinch of salt. I don't rely solely on them as research. I ignored broker's targets when they suggested $30, backed my own research and stance when I traded at 844p... ;-)
Best to read company/sector newsflow.
Raymond James slashes the target price from $31 to $22.
This is for US ADS not UK. UK eq is around 800p.
https://www.benzinga.com/news/22/02/25835699/raymond-james-maintains-outperform-on-tremor-intl-lowers-price-target-to-22