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STTsBumbag,
"Seems the bear points and have some merit otherwise why else would to share price be falling like it is"
It's obvious the sp has fallen on small trades!!
You sound like a very novice PI.
It might explain why you held 70,000 rthm shares all the way from their eq. price of 2350p to 100p.
https://www.lse.co.uk/profiles/sttsbumbag/?page=4
I would strongly recommend you read a book on shares for beginners, maybe:
https://www.amazon.co.uk/Investing-Shares-Dummies-David-Stevenson/dp/1119962625
That's not true, is it, Bumbag?
30th July you posted the same copy of 1gw's bear points and they were countered on the day
You have a memory of a fish, hence why you keep repeating them!!!
Declining organic revenue
During a General Election there is usually uncertainty in NHS over new government plans.
"The year ended 31 March 2020 was a good year for Totally delivering profit before depreciation and amortisation during times of unrivalled political instability which included BREXIT and a General Election followed by the worldwide pandemic of COVID-19 which has impacted on every person and every business."
"New contract wins were adversely impacted by the uncertainty created by Brexit and the general election. NHS commissioning understandably paused during this time; nonetheless, the Group was able to secure extensions of several existing contracts across the Group, plus a significant new contract for Planned Care, in Manchester. The new Insourcing division delivered over £1m in revenues in its first period of trading."
Increasing losses
Same as your 1st point. Understandably, the NHS have been renewing contracts but have paused new ones.
"The loss before tax of £3.4m is stated after an amortisation charge of £2.8m relating to the intangible value of contracts acquired."
Weak balance sheet
"The Group is cash generative and responded with the distribution of our maiden dividend in February 2020. The Board is also proposing the payment of a full year dividend of 0.25 pence per share, payable in October 2020. The intention is to consider future dividend payments based upon the trading performance of the Group."
Possible share overhang
That's rubbish, as ex-GBH holders were expected to sell and new/current II have bought.
Miton trimmed down their TLY holding probably due to their investors withdrawing funds, as they have had to do on previous occasions, as stated in this article.
"To fund withdrawals, Williams has trimmed some of his holdings while selling out of others completely. The number of stocks in the portfolio has fallen from 89 at the end of May to 56 at the end of last year."
https://citywire.co.uk/funds-insider/news/gervais-williams-insists-he-can-bounce-back-as-fund-shrinks-75/a1317959
No visibility (lack of guidance/broker forecasts)
The timing of NHS contract tenders has been delayed due to Covid 19.
"Whilst we expect the business to grow in 2021 and beyond, due to current run rates and new contract wins, the timing of new tenders, which is a key part of our growth plans, remains uncertain due to the COVID-19 pandemic and its impact on the NHS. We are therefore unable to give firm guidance at this stage on our growth expectations for the current financial year and the Board has considered it appropriate for market forecasts to be withdrawn at this time. The medium to long term outlook and trajectory of the business however remains unchanged."
https://polaris.brighterir.com/public/totally/news/
dflynch,
"Will have to wait for results"
When are the results? They MUST be published by end of Sept, ie 5 weeks away. Otherwise the shares will be suspended like they were last year.
From their TU:
revenues around £6m
adj ebitda £250k (yes k)
cash £1.7m
https://byotrolplc.com/wp-content/uploads/2020/04/2020-04-24-TU-FINAL-pdf.pdf
£40m mcap - I think without details on deals and further deals, the potential is already in the price.
Have you seen a 'results date' rns?
Read the company and industry newsflow.
Totally Healthcare margins are 35%.
If THC win 1% of the £10bln = £100m
35% margin is £35m
which is the equivalent to the current mcap of the entire TLY business, including Planned and Urgent Care..
That backs up my view that EACH of the divisions could easily be worth the current mcap.
Bidding for Cancer and non-elective surgery. Restarted today.
Total value £10bln.
£10bln!!! for cancer and non-elective. How much just non-elective?
1% of that would still be £100m!!!
And TotallyHealthcare (THC) is represented at all Frameworks in England, Scotland, Wales, Northern Ireland and Republic Ireland.
and THC is just 1 of TLY's 3 divisions.
Mcap £35m
"This PIN provides early notification of the intention to launch a Procurement in September to establish a Framework Agreement of service providers able to support the reduction of waiting lists forecast to increase as a result of Covid-19 interrupting and reducing available NHS capacity.
The services in scope are 1) NHS inpatient and outpatient (including full supporting pathology and imaging) services and urgent elective care and cancer treatment to service users in line with nationally set criteria; 2)NHS inpatient non-elective care (either direct admission or transfer from an NHS organisation)."
http://bidstats.uk/tenders/2020/W34/733085760
fish,
"Last accounts 56% GM. 3x TLY.’s 18%."
Thanks.
THC (TLY subsidiary) GM is 35% not 18%.
LIKE FOR LIKE comparison for period, fy2020, March 31st for both.
TLY actual revenue £105m - 17x higher than Byot's (£6m)
adj Ebidta £4m - 16x higher than Byot's .(£.25m)
Cash £8.9m - 5x higher than Byot.(£1.7m)
https://www.totallyplc.com/wp-content/uploads/2020/07/Totally-plc-Annual-Report-for-the-year-ended-31-March-2020-.pdf
Byot:
revenue £5.6m
Cash £1.7m
adj ebitda £250k
"Gross cash balances at 31 March 2020 were £1.7m"
"Revenues of approximately £6.0m. This excludes a material but delayed new license contract
that was eventually closed in mid-April and that will now contribute to FY2021
• Adjusted EBITDA (pre exceptionals) of around £0.25m"
https://byotrolplc.com/wp-content/uploads/2020/04/2020-04-24-TU-FINAL-pdf.pdf
fish2,
"I think you’ll find the margins are rather different."
Obviously. TLY's gross margin was 18.1% before their new business, Totally Healthcare (THC), where the gross margin is 35%.
Can you please post what Byot's gross margin is?
"Gross margin improved to 18.1% from 15.5%, largely as a result of improved performance in the underlying Urgent Care business. "
https://www.totallyplc.com/wp-content/uploads/2020/07/Totally-plc-Annual-Report-for-the-year-ended-31-March-2020-.pdf
SLF72,
"can someone check on stt1?"
Why, what's wrong?
I see TLY has a lower mcap than Byot.. £35m v £38m.
Yet, today TLY announced £7.5m 'actual' contracts in ONE rns, which is about 70% of what Byot 'expect' in the WHOLE year and TLY is not dependent on Covid.
TLY revenues substantially higher, 9x higher than Byot, have nearly £9m cash, 5x more than Byot... ALREADY beat market expectations (as opposed to expect to) for fy2020 and already in the right place and at the right time...
Plus TLY pay dividends, next ex-divi next month.
TLY - fy2020:
Revenue £105m (2019 £78m, fy2018 £42m)
Ebitda £4m (2019 £1.1m, fy2018 £0.2m)
Cash £8.9m (2019 £7.5m, fy2018 £10.2m)
3 divisions:
Urgent Care
Planned Care
Insourcing
business is diversified so not dependent on Covid.
Mcap £35m
TLY insourcing division restarted in June..
Wendy said the Insourcing business resumed in June, so they should get a lot of business during Q2.
Tly is growing exponentially, foundation set and now in growth phase.
Cash growing, growing recurring revenues and paying dividends..
Revenue £105m (2019 £78m, fy2018 £42m)
Ebitda £4m (2019 £1.1m, fy2018 £0.2m)
Cash £8.9m (2019 £7.5m, fy2018 £10.2m)
Gross margins up
Paying dividends.
Mcap £30m
artrader,
"sanitisers are here to stay"
"Every business open to the public will be seeking Covid-19 compliancy to win back their customers"
Absolutely, agree on that..
However, question is will companies follow WHO/CDC/NHS guidance on sanitiser to make sure they are Covid compliant?
Unilever's hand santiser contains alcohol, as recommended by WHO, CDC, NHS etc. Although Byot's products work, they are not alcohol based.
"As long as the products could meet the WHO standards of a minimum of 60% ethanol content in sanitiser, we decided we wouldn't worry about bottle shapes or designs. When the priority is meeting demand during a pandemic, how the products look is much less important."
https://www.unilever.com/news/news-and-features/Feature-article/2020/how-our-hand-sanitiser-business-adapted-to-meet-global-demand.html
Official guidance:
WHO:
"Wash your hands frequently with soap and water or use an alcohol-based hand rub if your hands are not visibly dirty."
https://www.who.int/emergencies/diseases/novel-coronavirus-2019/advice-for-public
CDC:
"If soap and water are not readily available, use an alcohol-based hand sanitizer with at least 60% alcohol. Always wash hands with soap and water if hands are visibly dirty."
https://www.cdc.gov/coronavirus/2019-ncov/about/prevention-treatment.html
Dettol
"If soap and water are not available, use an alcohol-based hand sanitizer"
https://www.dettol.co.uk/about-us/understanding-coronavirus/
artrader
"across all markets"
So there's no proof where they mention schools, airlines, streets etc specially, which is what you originally stated and I asked for the proof.
All sanitiser and cleaning product companies have experienced exceptional demand in Q1. That 'exceptional demand' was quoted months ago, so it's already factored in the price.
artrader
"Schools, shops airlines, streets. Factories......who doesn’t use it?"
Lots of companies make sanitising and cleaning products.
Can you post a link to where the company mention schools, airlines, streets etc ?
There's a lot of competition out there atm.
STTsBumbag, you know those bear points were proven wrong on 13th July. The company results and Investor Presentation provide all the answers. Yet you have chosen to deliberately repeat them.
Read the company newsflow:
Results.
https://polaris.brighterir.com/public/totally/news/rns/story/w0lql6w
The Investor Presentaion.
https://www.investormeetcompany.com/totally-plc/register-investor
Those bear were proven wrong by the presentation and results.
Declining organic revenue
During a General Election there is usually uncertainty in NHS over new government plans.
"The year ended 31 March 2020 was a good year for Totally delivering profit before depreciation and amortisation during times of unrivalled political instability which included BREXIT and a General Election followed by the worldwide pandemic of COVID-19 which has impacted on every person and every business."
"New contract wins were adversely impacted by the uncertainty created by Brexit and the general election. NHS commissioning understandably paused during this time; nonetheless, the Group was able to secure extensions of several existing contracts across the Group, plus a significant new contract for Planned Care, in Manchester. The new Insourcing division delivered over £1m in revenues in its first period of trading."
Increasing losses
Same as your 1st point. Understandably, the NHS have been renewing contracts but have paused new ones.
"The loss before tax of £3.4m is stated after an amortisation charge of £2.8m relating to the intangible value of contracts acquired."
Weak balance sheet
"The Group is cash generative and responded with the distribution of our maiden dividend in February 2020. The Board is also proposing the payment of a full year dividend of 0.25 pence per share, payable in October 2020. The intention is to consider future dividend payments based upon the trading performance of the Group."
Possible share overhang
That's rubbish, as ex-GBH holders were expected to sell and new/current II have bought.
Miton trimmed down their TLY holding probably due to their investors withdrawing funds, as they have had to do on previous occasions, as stated in this article.
"To fund withdrawals, Williams has trimmed some of his holdings while selling out of others completely. The number of stocks in the portfolio has fallen from 89 at the end of May to 56 at the end of last year."
https://citywire.co.uk/funds-insider/news/gervais-williams-insists-he-can-bounce-back-as-fund-shrinks-75/a1317959
No visibility (lack of guidance/broker forecasts)
The timing of NHS contract tenders has been delayed due to Covid 19.
"Whilst we expect the business to grow in 2021 and beyond, due to current run rates and new contract wins, the timing of new tenders, which is a key part of our growth plans, remains uncertain due to the COVID-19 pandemic and its impact on the NHS. We are therefore unable to give firm guidance at this stage on our growth expectations for the current financial year and the Board has considered it appropriate for market forecasts to be withdrawn at this time. The medium to long term outlook and trajectory of the business however remains unchanged."
https://polaris.brighterir.com/public/totally/news/rns/story/w0lql6w
READ THE COMPANY NEWSFLOW.
Safi,
Good post.
I think there is going to be another stockmarket crash soon.
Too much economic uncertainty and too many uncertain events coming together in such a short space of time, which could trigger another crash.
Over the next 6 months:
US Presidential Election
Brexit - potentially no deal
China - US trade war
China - India border clashes.. also India, Australia, Japan military build up in South China Sea
EU - Turkey Potential confrontation over Turkey/Greek border.
UK economy - furlough coming to an end. 9m on furlough, potentially millions will lose their jobs, 2m mortgage payment hols coming to an end in Oct.
Do some research on CTV and TRMR...I think you'll find it's not the money spinner in terms of "organic growth" for TRMR that people on here are saying.
Good luck
Rivaldo,
"we now know that a poster called "Cooltools" who'd bought 10m shares sold them all at the highs " "This certainly helps to explain why the share price fell back from the 1.7p-1.8p levels."
That's not the case. He clearly stated that he sold on 10th July. The sp on 10th July was 1.06 to 1.25.
Whereas the highs of 1.7/1.8 were achieved 28/29 May, some 6 weeks earlier!!
So the sp was already falling before he decided to sell.
https://uk.finance.yahoo.com/quote/REAT.L/history?p=REAT.L
Dflynch
"after revealing that a surge in demand for Dettol and Lysol disinfectants had helped to drive an increase in its sales."
Rickitt Benckiser surge in demand was expected. Their products are alcohol based.
WHO, CDC are Dettol all promote alcohol based sanitiser. Byot's is not alcohol based, so while there will be a spike in sales for Byot's sanitiser, I thnk majority of the demand for sanitisers will be for alcohol based sanitiser.
WHO:
"Wash your hands frequently with soap and water or use an alcohol-based hand rub if your hands are not visibly dirty."
https://www.who.int/emergencies/diseases/novel-coronavirus-2019/advice-for-public
CDC:
"If soap and water are not readily available, use an alcohol-based hand sanitizer with at least 60% alcohol. Always wash hands with soap and water if hands are visibly dirty."
https://www.cdc.gov/coronavirus/2019-ncov/about/prevention-treatment.html
Dettol
"If soap and water are not available, use an alcohol-based hand sanitizer"
https://www.dettol.co.uk/about-us/understanding-coronavirus/
onebyone
"And is due to be available in USA for sale again very soon"
Surely they should have had their products already on sale. It's already months since the alarm over the Covid 19.
Their trial at Target finished at end of March. Unfortunate, bad timing.
No update from the company for over 2 months now.
There will be fakes, illegal products out there. Always best to buy a reputable product from a reputable retailers.