Member Info for stt1

The cash balance just about covers the Total Liabilities, as of fy2022.

Cash:

30th June 2023 £31.3m

Expected cash Dec 31st 2023: £28m

July TU:

"Net cash of £31.3 million as at 30 June 2023 (H1 2022: £15.9 million)"

https://polaris.brighterir.com/public/hvivo/news/rns/story/rno86jw/export

Total liabilities:

According to AR fy2022, they had total liabilities of £31m

https://hvivo.com/wp-content/uploads/2023/04/hVIVO-Annual-Report-2022.pdf

The cash just about covering total liabilities might explain why some of their customers largely footed the bill to setup the new facility, with those customers getting favourable treatment.

It also explains why they have the intention to pay only a nominal dividend.

Let's see if they provide an up to date cash balance as of 31st December 2023.

The CEO was granted 7m options. 1 director.

The were granted less than a year ago but back dated a year and exercisable in a year.

Read the conditions attached:

Here's the evidence the company is being talked up because of Mo's options.

Mo took over in Feb 2022 when the sp was around 20p. After he took over, the sp then fell away towards 10p.

I'd say that Mo felt the company had reached it's peak and so approached the BoD wanting to leave. The Bod then granted him the huge options. Note no other director received such huge options.

It's not a coincidence this is being talked up just before the options can be exercised.

Look at the conditions for the options.

"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 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/export

Given the CEO has huge 7m options, I expect the update will be very positive.

The 7m options were granted less than a year ago and are exercisable in a year.

This is being talked up.

Cashking,

Those are the only 2 I'm aware of. They work for me, so could be a setting on your device.

Cashking,

H1 presentation.

The company answer a lot of questions.

https://youtu.be/uTWJEQ9git0?si=BY2xDKocCQLunXU1

or

https://www.investormeetcompany.com/totally-plc/register-investor

Bubblebee,

Like Hallsworthy, 1gw_ is invested in HVO and was also in Trmr, byot. Remember Radium?

Read 1gw posts on TLY thread on advfn. Nothing he has said has come true.

Read Nano thread on advfn. Search for "SOL"

The post tells you exactly what has been happening on TLY.

Cashking,

Absolutely. Not only Pioneer Healthcare. Urgent care and Company Staff Wellness divisions.

UC recently won a £13m contract, with 30% uplift from the original, from NHS England, national level. That alone counters the misleading deramping posts.

Revenues £100m with a recent £13m contract at national level.

Cash as of H1 £1.7m

Mcap £8.5m

1gw_

You post selected metrics to suit your agenda, depending on whether you're ramping/deramping.

HVO has liabilities yet you prefer not to mention them. Likewise, so did Trmr, Byot, rthm etc, Byot crashed 95% and the others around 80% based on the red flags I posted.

TLY paid upto £13m, part cash, part deferred cash, part share issue. That is perfectly normal for a company to do so. In fact your Byot and HVO have done exactly the same, yet you don't express any concerns with them.

"The total consideration for the Acquisition is up to £13.0 million (the "Consideration"), on a cash-free and debt-free basis. The Consideration is to be paid 80% in cash and the remaining 20% will be satisfied by the issue of new ordinary shares in Totally. £6.9 million is payable on completion, on a cash-free and debt-free basis, and up to £6.1 million is payable on a deferred basis, based on the financial performance of Pioneer in the year ending 31 March 2022."

https://ir.design-portfolio.co.uk/viewer/100/29531

Parob,

What happened?

I haven't posted any company newsflow, bear points or obvious red flags on HVO since 10th. Yet the same HVO posters have continued to post misleading posts here.

Not surprising though, was it?

Meconopsis

Sorry for the delay in replying to your post last Sunday.

I agree with the vast majority of your post.

"You can’t equate a distressed sale with the state of the housing market for house builders. "

I think you can because sellers are distressed due to need of money, whether that be due to high debt or affordability.

"I don’t know where you get the supporting evidence for there being “a huge debt crisis”."

Official figures which show govn debt is around 100% of GDP. A lot of govn around the world built up huge debt since GFC. Look at China where the housing market is collapsing. I think the assumption was interest rates and inflation will remain low but nobody allowed for the biggest pandemic in 100yrs.

https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicspending/bulletins/ukgovernmentdebtanddeficitforeurostatmaast/march2023

Local councils going bankrupt, Birmingham is just one with loss of hundreds of jobs.

Businesses closing down.

Number of individuals with high debt.

"One thing to remember about interest rate cuts is they take effect more quickly than interest rate rises. If the interest rate falls then you can make a choose to remortgage to a lower rate. You don’t do that when rates rise."

Agree but the problem is for those whose with 2-5yr fixed rate mortgages, due to re remortgage, the rates are still significantly higher, double what they have been used to. Compared to 1990s, nowadays 2 partners take on the mortgage at 5-6x income and use a significant portion of their income on the mortgage. That doesn't leave much headroom is they run low on disposable income. They can't work any more. Previously, it used to be 1 person took on the mortgage at 3-4 x their income, so if needed a partner could look for part time work to make up the shortfall.

In terms of govn help as the GE is due. Govn help only makes things worse and pushes the problem further down the road.

I think govn need to look at whether there is a 'cartel' with the HBs. It certainly looks that way to me.

I believe the huge debt is a pack of cards which will collapse.

There's also the increasing threat of the war in the ME spreading. That together with the other conflicts/potential conflicts around the world, so there's increasing likely to be a stock market crash. HBs sps are not immune to stock market movements.

Backs up my stance that there's 4 separate NHS systems at National levels, in the UK. NHS England, NHS Wales, NHS Scotland, NHS NI.

Each country's NHS takes a separate view on how to deal with healthcare within their own country. That's 4 different customers at National level.

From the official NHS Confederation website.

Devolution in the UK has led to four different health systems, each taking slightly different approaches to delivering health and care.

https://www.nhsconfed.org/articles/can-we-make-direct-comparisons-between-nhs-england-and-wales

TLY's £13m contract (extension), with 30% uplift from original, was awarded by NHS England (National level).

It's obvious some posters don't understand and are ignorant as to how the NHS works. They see "NHS" and think everyone is controlled by the UK govn!!!

Crossley,

The housing market outlook is still very uncertain. The HBs have stated that. There's a lot of reliance/hope on interest rates falling. Whereas I believe the problem is affordability.

Look at the TUs. % usage of incentives have doubled. Order book is down and cash has declined.

They don't know how long the downturn is going to last, so need to conserve cash.

There's a huge debt crisis.

In terms of the housing market, there have already been hundreds of properties sold by REITs at a huge, avg 68% loss.

137 properties sold at average 68% loss

https://www.investmentweek.co.uk/news/4130172/home-reit-offloads-137-properties-average-68-loss

During covid, TLY also withdrew their guidance. This was because some parts of the business were impacted due to the covid restrictions.

Once all divisions were re-opened, guidance was re-instated. The shares surged.

I think the current guidance was suspended because of the Junior doctors strike. Elective Surgery would be impacted but the demand for NHS 111 services would surge.

TLY's diversified business model.. lower demand for one division, higher demand for the other.

TLY diversified business model:

Urgent Care

Elective Care

Company Wellness

https://www.totallyplc.com/our-services/

Elective surgeries cancelled, NHS 111 calls surge

The elective operations will still need to be performed sometime in the future, so even more business to come.

Junior doctors’ strike led to more than 110,000 patients in England having care cancelled

Impact of six-day stoppage means NHS has had to rearrange more than 1.3m appointments over past 13 months

"In all 113,779 appointments were cancelled. That total included 104,551 outpatient appointments and 9,228 elective – or non-urgent – operations. But the true number of appointments postponed is “likely to be even higher in reality”, Powis said, because many hospitals now scheduled less care on days when junior doctors would be on strike."

https://www.theguardian.com/society/2024/jan/10/junior-doctors-strike-led-to-130000-patients-in-england-having-care-cancelled

Those who read a d v f n BB.

Look at TLY threads there.

Look at the "Don't forget the warrants" thread.

Search for "2010".

There seems to be a good explanation in the 1st post as to what has happening, especially with the hundreds of trades.

I didn't think the TW. TU was good.

The figures from the TU shows how the housing market/HBs remains weak and uncertain.

TW:

Weekly sales rate falling.

Order book down 8.7%.

Net cash declined, 21%, £180m to £678m.

Outlook remains uncertain

Previous times, it's taken years for the market to recover. They need the market to recover quickly or conserve cash, sell assets, cut dividend. If there's another major drain, like Ground Rent scandal or fire safety improvements, they could find themselves using more cash than they expected.

Taylor Wimpey's full-year average weekly private sales rate fell from 0.68 to 0.62 as a result of "difficult market conditions".

The group completed 10,848 new homes over 2023, down from 14,154 in the prior year. Average private selling prices in the UK rose by 5.1% to £370,000.

Taylor Wimpey's order book slipped 8.7% lower to £1.8bn. The group's net cash position fell from £864mn to £678mn.

Full-year operating profit is expected to be at the top end of the group's £440-£470mn guidance range.

Heading into the new year, the market remains uncertain but Taylor Wimpey expects recent mortgage rate reductions to improve affordability for buyers. Build cost inflation is set to run at around 4% in the first half.

https://www.hl.co.uk/shares/share-research/202401/taylor-wimpey-profit-expected-at-top-end-of-guidance

I didn't think the TU was good.

The figures from the TU says it all

Weekly sales rate falling.

Order book down 8.7%.

Net cash declined, 21%, £180m to £678m.

Outlook remains uncertain

Previous times, it's taken years for the market to recover. They need the market to recover quickly or conserve cash, sell assets, cut dividend. If there's another major drain, like Ground Rent scandal or fire safety improvements, they could find themselves using more cash than they expected.

Taylor Wimpey's full-year average weekly private sales rate fell from 0.68 to 0.62 as a result of "difficult market conditions".

The group completed 10,848 new homes over 2023, down from 14,154 in the prior year. Average private selling prices in the UK rose by 5.1% to £370,000.

Taylor Wimpey's order book slipped 8.7% lower to £1.8bn. The group's net cash position fell from £864mn to £678mn.

Full-year operating profit is expected to be at the top end of the group's £440-£470mn guidance range.

Heading into the new year, the market remains uncertain but Taylor Wimpey expects recent mortgage rate reductions to improve affordability for buyers. Build cost inflation is set to run at around 4% in the first half.

https://www.hl.co.uk/shares/share-research/202401/taylor-wimpey-profit-expected-at-top-end-of-guidance

NHS England waiting list 7.61m v 7.71m in Oct.

NHS Waiting lists higher than when pledge made by PM to reduce them.

The govn will have to do more, including more use of private providers, like TLY, if they want to win the GE. Given the NHS is used as a political football when it's come to the GE, I'd expect to see more business coming TLY way.

Everyone needs healthcare.

NHS waiting list even higher than before Rishi Sunak pledge

The PM ‘increasingly unlikely’ to hit target to reduce the waiting list – as pledged a year ago – with just months until April deadline

"Fresh data from NHS England shows the waiting list for routine hospital treatment in England has fallen for the second month in a row, from 7.71m in October to an estimated 7.61million in November."

"But analysis shows the waiting list stood at 7.21million when he made the pledge at the start of 2023. There would need to be a 400,000 drop in the December 2023 data – which is not yet published – to return the waiting list to what it was when the pledge was made, let alone cut it.

The statistics – which relate to the period before the latest round of junior doctor strikes – also show a number of other key NHS targets are being missed, including on cancer, ambulance handovers and the number of patients waiting longer than 18 months for treatment."

https://www.independent.co.uk/news/health/ae-waits-nhs-england-b2476902.html

Vox's opinion:

Continued Trust and dependence by NHS on Private Partnerships

"The contract extension is not just a testament to Totally’s operational efficiency and expertise in handling high-demand healthcare services but also signals a continued trust and dependence by NHS England on private partnerships to support public health systems. "

"Moreover, this development highlights the ongoing challenges faced by the NHS, particularly in meeting the increasing demands for urgent and emergency care services.

As Totally plc steps into its extended role, the focus will be on maintaining service excellence and adapting to the evolving needs of the NHS 111 service."

https://www.voxmarkets.co.uk/articles/totally-awarded-key-nhs-contract-extension-valued-at-13-million-efb424e/

The fact the % use of incentives doubled

Help to Buy ending and higher mortgage rates has impacted demand.

Housing market remains uncertain. Use of incentives doubled.

I see HBs as "best to trade"

From the TU:

"albeit with demand lower than previous years as a result of high interest rates and the removal of Help-to-Buy."

"We anticipate market conditions will remain highly uncertain during 2024, particularly for first-time buyers and with an election likely this year. However, mortgage rates are beginning to ease, and the response to our recent Boxing Day campaign has been positive, generating a substantial number of leads for our sales teams. "

Totally gets one-year extension to NHS 111 contract

"“Totally has significant experience in providing quality, resilient and responsive NHS 111 services,” said chief executive officer Wendy Lawrence.

“To date we have answered almost half a million calls as part of the NHS England's National Resilience programme.

“These calls would otherwise have gone unanswered leaving those seeking to access care without the support they needed.”

Lawrence said that as demand had increased, Totally had increased capacity to help ensure that calls to NHS 111 nationally were not abandoned.

“The extension of this contract for a further year means that Totally continues to be a core partner in the delivery of NHS 111 services until February 2025.”"

https://www.sharecast.com/news/aim-bulletin/totally-gets-one-year-extension-to-nhs-111-contract--15809116.html