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Just the same 'talking up'.
As commented before, it's been talked up....
You have to wonder why, with all the talking up suggesting business is booming, the Chairman/Founder dumped the majority of his holding recently??
The facts haven't changed.
The CEO has a huge > 7m options which were awarded a year ago and exercisable in a year.
Chairman/Founder dumped majority of his holding recently.
Growth has slowed significantly.
Clients largely paying for the new facility.
Despite all the talking up, no evidence of significant buying/holding by institutionS.
I see a questionable business model, where growth has slowed significantly.
Read the company newsflow.
An increasing number of Elective Care procedures are being carried out by Private Providers.
Revealed: The ICBs most reliant on private hospitalsBy James Illman23 February 2024 Bath
Up to 20 per cent of NHS elective patients are now being treated by private hospitals in some areas, analysis by HSJ suggests.
https://www.hsj.co.uk/quality-and-performance/revealed-the-icbs-most-reliant-on-private-hospitals/7036620.article
Great to see another contract win in Republic of Ireland.
Shows those that say TLY have only 1 customer are clueless.
TLY provide their services in all 4 UK Nations and Republic of Ireland. Each UK Nation has many local NHS Bodies.
Given the NHS year end is 31st March, I would expect to see some contract wins/extensions within the UK, either during March or April.
Hallsworthy,
"Stt "Still no TR1s""
Where's all these TR1 showing significant holdings by InstitutionS you refer to? I've said there's no evidence of significant buying/holding by InstitutionS 2021, 2022, 2023. Some institutions hold 1-2% but institutions do take punts in companies.
Look at TLY, the share you claim you held and like to comment on:
https://www.lse.co.uk/profiles/hallsworthy/
TLY have published several TR1s over the past few months with institutions increasing. In fact, there was another only a couple of trading days ago, Thurs where the Canaccord declared > 5%. I'm asking where's the similar run of TR1s here????
"Having no idea what a nominal dividend is"
The company themselves have said they INTEND to pay a Nominal dividend. You're claiming it will be 1p, I'm saying nearer to 0.1p based on my experience and company statements.
Why do you have a problem if someone disagrees with you?
There were several media tips early in the year.
My comments have been consistent and based on company newsflow.
This was/is being talked up so they can sell and the Chairman/founder did.
The Chairman and founder dumped majority of his holding so soon after it was talked up.
The CEO has a huge 7m options, awarded a year ago and exercisable in a year.
The revenue growth has slowed significantly.
This is being talked up.
Read the company newsflow.
Hallsworthy,
"I don't think Stt knows what nominal means. Add that to the list of misunderstandings"
It's best to read the company newsflow. It saves making such ignorant, clueless and embarrassing statements. It would also help you understand the business.
If they declare a nominal dividend then it'll clearly be nearer to 0.1p than 1p.
Your lack of understanding their intention to pay a 'nominal dividend' explains why you're clueless in understanding the other bear points and red flags I've raised:
Questionable business model.
The CEO has huge 7m options.
CF dumped majority of his holding recently.
Growth has reduced significantly.
Lack of buying/holding by institutionS. Still no TR1s but institutionS.
Their clients largely paid for their new facility.
Huge shares on loan throughout 2023.
etc
Budget facts and reactions:
"The NHS in England will receive a £2.5 billion day-to-day funding boost for 2024/25 and £3.4 billion in capital investment over the forecast period to help unlock £35 billion in productivity savings over the next Parliament by harnessing new technology like AI and cutting admin workloads - part of landmark Public Sector Productivity Plan to deliver better public services."
https://www.gov.uk/government/news/chancellor-delivers-lower-taxes-more-investment-and-better-public-services-in-budget-for-long-term-growth
"Today’s announcement shows the government continues to back the NHS and the £2.45bn of extra funding for next year ensures we have the support we need to make continued progress on our key priorities for patients."
https://www.england.nhs.uk/2024/03/nhs-englands-response-to-the-budget/
They have stated they intend to pay a nominal dividend, which should be announced alongside fy2023 results.
Last year, the fy results were announced towards end of April, so these are some 6 weeks away. The ex-divi date will be several months away.
As they said the divi will be nominal, it's likely to be nearer to 0.1p than 1p.
From H1 2023:
Dividend
The Company intends to pay a nominal annual dividend going forward, details of which will be announced alongside publication of the Group's audited results for FY23.
https://polaris.brighterir.com/public/hvivo/news/rns/story/rgz9g3w/export
CF dumped majority of his holding. I think he would have waited had they intended to pay a proper divi soon.
The nominal divi payment will be several months away.
Questionable business model.
CEO has huge 7m options.
George
"Wouldn't surprise me if Private Equity are doing their due diligence right now, this can take 4 months or more"
Why would it take 4 months+++???
Apart from that, CF has dumped majority of his holding and some IIs have taken a tiny stakes.
CF would know if there was any interest already going on. If so, he wouldn't have been able to sell his shares and IIs wouldn't have been able to buy.
I doubt there's any organisation who were carrying out DD, whilst CF was dumping majority of his holding. Even if there was interest, the fact CF dumped majority of his holding, would have dissuaded many from having an interest during Feb.
P00rman
"Surely if you didn't care you wouldn't respond.."
Exactly. I've posted company newsflow, fundamentals and opinions based on facts.
The fact is the company was/is being talked up. The sp has fallen back as expected.
Everyone should read the company newsflow, the fundamentals and not the jam tomorrow.
Growth has reduced significantly.
CF dumping majority of his holding is a red flag.
Questionable business model.
Some are rattled and prefer to pull the wool over reader's eyes.
The Budget is on Wed.
This is likely to be the last prior to the GE, which is due within the next 12 months.
Given the waiting lists are still high and the GE is due, I'd expect the Chancellor to announce plans and/or more money to bring the waiting lists down quickly.
This is likely to include using more private providers like TLY.
Still a long way to go to bring down NHS England waiting lists. To do so, the NHS will need to be using private providers for a lot more work.
NHS waiting lists falling but will stay above pre-Covid levels until 2030, IFS says
Length of time patients must wait for A&E care, diagnostic tests, cancer care and surgery will remain high, report predicts
"However, in sobering news for the Conservatives and Labour, the thinktank also said that whoever forms the next government will not get the waiting list back down to pre-pandemic levels by the end of the next parliament, which is likely to run until the end of 2029.
The length of time patients are forced to wait for treatments such as A&E care, diagnostic tests and cancer care, as well as planned surgery – already the worst on record – are also likely to remain frustratingly long.
In January last year the prime minister said that “NHS waiting lists will fall and people will get the care they need more quickly” was one of the five promises he asked voters to judge him by. However, he admitted recently that he had not fulfilled that promise.
The waiting list stood at 7.2m when he made the commitment but by December it had risen to 7.6m. Sunak blamed strikes by NHS staff since December 2022, which have forced hospitals to rearrange 1.4m operations and outpatient appointments.
The size of the waiting list, which covers procedures patients are waiting for under the NHS’s referral to treatment scheme, has fallen in each of the past three months, from 7.8m to 7.6m. That is primarily because hospitals have made determined efforts to tackle the backlog, for example by putting on extra sessions of surgery in the evenings and at weekends."
https://www.theguardian.com/society/2024/feb/29/nhs-waiting-lists-falling-but-will-stay-above-pre-covid-levels-until-2030-ifs-says
Dustofnations,
"the insinuation that having to win new contracts implies a "questionable" business model is objectively wrong "
Where have I said having to win contracts makes the business model questionable or are you making it up??
I see the 'rational debate' doesn't exist either.
I also see no one has posted any links to where they accuse me of lying. That's the problem, posters suggesting I'm lying or making up stories and twisting what I've said.
I've posted company newsflow and opinions based on facts.
Just like I did on Nano, Trmr, blnx, Byot etc - all of which inevitably crashed due to the red flags I posted.
https://www.lse.co.uk/profiles/stt1/?page=17
Re TLY, again I've posted the facts. c40% held by institutions and revenues should already be around £100m. Mcap £12m.
FatherTedCrilly
"There will be other companies, with ties to Labour, that may be looking to move into this space."
Are there? Name these other companies who have ties with Labour. What space are they looking to move into. Unless of course, you are making it all up?
"Changes in Government often result in changes of supplier."
Do they? Why, so you're saying the NHS would disappear ? What about if SNP win in Scotland, will their suppliers also change? Or NI, Republic of Ireland.
Prove you're not blatantly lying and show why a change in govn will lead to change of NHS.
Blackrhino
"rational debate gets them nowhere when dealing with a cretin"
Where's the rational debate?
I'm posting company newsflow and opinions based on those facts.
Feel free to counter the bear points/red flags.
Where have lies been posted?
The CEO does have over 7m options.
CF did dump majority of his holding.
Revenue growth has slowed significantly.
There's no evidence of significant buying/holdings by institutions in 2021, 2022, 2023 and so far this year. Where are the TR1s?
The business model is questionable. That's my opinion based on facts...
Where's the lies?
When posters resort to personal attacks and abuse, they've lost the argument.
The facts don't change just because you don't like them.
Read the company newsflow - not the talking up, jam tomorrow but the figures, which have been mentioned in TUs and results. Growth has slowed significantly. It's all there.
With such reports of growth, why would CF dump majority of his holding???
Read the company newsflow and you'll see why...
You'll all see that growth has slowed significantly over the past couple of years. In fact, there's hardly any growth. That tells me why the company is being talked up and why CF dumped majority of his holding.
There's a questionable business model.
Huge 7m options held by CEO.
No evidence of significant buying/holding by institutions.
BillB
"Octopus with 7.7m and River and Mercantile with 6.6275m."
IIs buying tiny amounts. IIs do buy in small amounts in various companies.
That's tiny compared to the size of the company, isn't it? :-)
Where's all the significant buying/holding by multiple IIs?
None in 2021, 2022, 2023.....
" we could all listen to stt1 and sell up and buy TLY!"
It doesn't bother me who you listen to. The facts are:
40% of TLY are held by IIs and some were increasing since H1.
Batterseafish,
Exactly my point.
Look at the conditions attached to the awarding of the CEO's huge 7m options. These were back dated a year and are exercisable from next year:
This tells you why I believe the company is being talked up.
"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.
hxxps://polaris.brighterir.com/public/hvivo/news/rns/story/x21q5mw/export