Member Info for stt1

Iwantthatone,

" If you think the cost of a self-employed contractor is less than a permie I think you are deluded!"

You need to look at the business model.

The elective procedures take place over the weekend and evenings when OT are not normally in use. Procedures take place as and when there's a match between procedures required and consultants availability.

As procedures happen weekends, why would it be cheaper to hire a consultant on full time, sitting around on weekdays when there are no procedures planned?

It's cheaper to hire a specialist as and when there's a procedure, in which they specialise takes place.

TLY do also have full time staff, needed regardless of procedure, eg nurses during operation, aftercare.

You're assuming that the same contracted consultants are needed for every procedure, which is clearly not the case.

Kilman,

They should also be receiving income from Polb. Polb had access to HVO data FOC until Sept, this year. That should counter some of the excluded R&D credits.

They should have the new facility setup within the next 4 months, ie Q1 2024. This new facility was to increase capacity and they have already booked jobs for 2024.

Given the new facility will be setup in Q1 2024, why hasn't the revenue expectation gone up significantly for fy2024? The forecast is c10% increase compared to 2023.

ShandyPants,

Re your post of 18th Dec 10.07

"c7m options is just over 1% of the company's shares so it's not overly significant."

c7m options for 1 director, CEO, is significant. Why weren't they awarded to the other directors, like the CFO?

By the same reasoning, I have said the IIs holdings here are insignificant. Where are all the IIs scrambling to buy in, where are all the IIs holdings above 3%?

"whilst the options are quite generous i think there are 2 things driving this -

potentially Mo was approached by another company and these options ensure his continued employment."

"it is well known that CF's end game is a sale. If Mo wasn't happy that his employment might cease in say 2 years, then this is a nice sweetener for him"

I'm glad you agree with me that they are generous (contrary to your 1st point!!).

Your reasons for the huge options is exactly why I see them as a bear point. My point was the company is being talked up so that MO can exercise his options and CF clearly want's to sell the company.

If the company was growing strongly and has a great future then raises a questions as to why would anyone want to sell so soon? So don't they see strong growth beyond next year, fy2024?

Investors normally sell their business/investments when it's near it's peak. Given the Nomad thinks a target price is 29p, they are likely to advice the company that any offer around that price is fair - so 26p-30p. Where's the growth?

Iwantthatone,

"the point is that if a Labour Gov intends to put extra funds into the NHS (eg paying consultants overtime) to do weekend working to cut backlogs then presumably that work will no longer be performed by TLY. "

I agree with Justdeezerts, you miss the point.

One important factor, you also miss.

Pensions liability.

Where will the money come from to pay the additional pension burden? Who will pay the NI bill and subsequent pension liabilities to pay the overtime for NHS employed staff? Taxpayers, who are already paying the highest tax burden???

By using private providers, the pension burden is removed from the NHS. TLY uses self-employed staff as well as full time. When there's a need for elective surgery, staff are hired on a contract for that job. Therefore, staff hired for specific jobs are responsible for their own tax and pensions.

Iwantthatone,

This was originally announced by the Labour Party in October.

It's just repeating what TLY and other providers already do.

TLY's Elective Surgery works by using hospital facilities when they are not in use, ie weekends to conduct operations.

8th October:

https://www.bbc.co.uk/news/uk-politics-67043603

TLY:

"Totally provides entire teams of highly specialised substantive consultants across a range of medical and surgical specialities, including anaesthetists, advanced nurse practitioners, senior lead nurses, theatre nurses, HCAs, decon technicians and clinical physiologists who utilise trusts facilities during weekends and bank holidays to target the reduction of waiting lists."

https://www.totallyplc.com/our-services/elective-care-outpatient-services/

Thinice,

My posts are all there to see.

Read my posts and the evidence yourselves:

I was warning of the red flags on the following shares, which were rising. They all crashed with the company newsflow later confirming the red flags/bear points as the reasons for the decline:

RTHM - crashed from 590p(new money) to 100p

TRMR - crashed from 870p to 200p

BYOT - crashed from 10p to 0.6p

NANO - crashed from 70p to 18p

Read the company newsflow.

Huge options granted to CEO but no other director. These options were backdated and are can be exercised in just over a year.

No evidence of significant II buying since July, despite claims by some.

Questionable business model

Huge shares on loan.

No dividend payment, despite the huge cash pile. There's intention to pay a nominal dividend but why nothing more.

Read the company newsflow

FACTS:

fy2022 £50m

efy2023 £55m

efy2024 £60m

So, where's the substantial revenue growth?

Fy2023:

H1 2023: fy2022 £50m to fy2023 guidance £55m - that's around 10-11%

"hVIVO increases its revenue guidance to GBP55 million (excluding other income) for 2023"

https://polaris.brighterir.com/public/hvivo/news/rns/story/rgz9g3w

So even with the new facility up and running in Q1 2024, they expect fy2024 revenue to increase by ONLY £5m. Really?

30th June 2023 £31.3m

Expected cash Dec 31st: £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

Hallsworthy,

So you still fail to list any bull points, which I've asked the bulls to list.

Obviously you won't list any because I've easily countered them previously, here, on Trmr, Byot, rthm etc.

Just trader usual talk and sp manipulation...

the price moving upwards, which has happened lots of times in the past before falling back.

Readers can look at the graph and see the sp is around similar levels it was in Feb before falling back.

The CEO was awarded 7m options, which were backdated by a year and can be exercised in just over a year.

That is just 1 red flag.

There you go, I asked 1st for the bull points and not one bull point mentioned for it to be discussed.

I countered moniman's misleading post about the company 'finally...margins up from 15% to 20", which is clearly misleading as the company mentioned 19% 5 months ago. So according to the company newsflow, the margin increase is a fraction of what Moniman has been implying.

No bull points then.

What are the bull points?

Dustofnations.

Feel free to discuss what the bull points are.

I've already countered Moniman's misleading comments with facts from the company themselves.

BillB,

"you have to be about the worst de-ramper going. Every time you pop up HVO SP goes up. "

Funny, I had similar reaction when I posted the red flags on Trmr, Byot, Nano etc. All crashed.

Readers can see the evidence for themselves.

Trmr was around 850p, now 170p.

Byot was around 10p, now 0.7p

Nano was around 70p, now 17p

etc

The company themselves stating the red flags which I pre-warned about.

My posts are there for all to see.

https://www.lse.co.uk/profiles/stt1/?page=10

Anyway, feel free to load up at 23p and hold for 2 years.

Hallsworthy

"Tly Vs hvo is a non event"

You mean like Trmr, crashed all the way down from 800p, based on the red flags I warned about.

Well, TLY is up 7% so far today.

;-)

"That's about a confusing as the carp you keep putting on here"

It's from the company's own TU. Are you saying the company post carp????

Really??

You are clearly misleading readers by suggesting otherwise.

Your comment, which goes against what the company has already stated:

" finally Hvivo stating margin growth from circa 15% to 20%, this just shows how much leverage Hvivo has got and increasing cost efficiency within the business"

My reply:

Really!!! That's not true and it's misleading.

They announced margins of 19% months ago in July's TU, so the 20% is a small improvement.

From the company's July TU

"EBITDA margin c.19% (H1 2022: 12.7%)"

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

Proving you are talking rubbish.

Moniman

"I believe the upcoming move to new world class Canary Wharf facilities will finally be the big turning point for this business. "

Really? Why? Banks are moving out of Canary Wharf, so landlords are desperate to fill the spaces. Nothing more than that.

HVO have a questionable business model, whichever way you look at it.

Just because you were buying at significantly higher prices and desperately need PIs to buy in so you and your mates can sell doesn't change the facts.

Moniman,

" finally Hvivo stating margin growth from circa 15% to 20%, this just shows how much leverage Hvivo has got and increasing cost efficiency within the business"

Really!!! That's not true and it's misleading.

They announced margins of 19% months ago in July's TU, so the 20% is a small improvement.

"EBITDA margin c.19% (H1 2022: 12.7%)"

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

As of Sept, there were around 10m shares on loan.

2023

Jan 11807363 1.96%

Feb 10421130 1.73%

Jun 11313693 1.73%

Sep 10228014 1.56%

There's no evidence of significant buying since July by IIs.

Why haven't IIs been scrambling to buy over the past 2 years?