Member Info for Tricky_Dicky

Tremor will be issuing some of the shares it is buying back through options granted to management.

Surplus cash is now being used to buy up their stock in the open market, which is the opposite of what they should be doing, which is reinvesting to facilitate growth.

If you need an elective, (i.e. non-emergency) operation.
Let's say you are a driver who needs to drive, to earn a living, perhaps a taxi-driver.
You may have a condition, say carpal tunnel syndrome (it affects the hand).
The waiting list for surgery on the NHS may be over 6 months.
It would be better to pay about £1500 to receive private consultation and surgery, to correct the condition, rather than
to wait a long time, without wages, if the condition is quite serious.

It is no use relying on the NHS, in its current state, so you would pay for private care, otherwise risk losing more money in the longer term.

Buybacks reduce equity.
I dislike these buybacks.
Reason being:
In ideal circumstances, if you own a house and pay interest on a loan, but over the years the housing market puts a higher value on your house, then you can sell and make a relative profit.
You can increase your equity, over the years, in simple terms.
But, in the case of buybacks, you are, in effect, being put into a contra-equity situation.

Thordon,

The NHS would be much more efficient were it to be privately run/managed with tax payers money paid to fund it.
Instead we have an inefficient service, where staff are difficult to sack, take there own sweet time (except in emergency) and many take sick-leave that should not be accepted anywhere else.

TLY hanging on the coat-tails using the same staff is not the answer.

Boding can be good or bad or indicative of a variety of outcomes.
Foreboding is generally negative, foretelling of harm or difficulty.

We’ve known for years that 111 is worse than useless.
It is a national scandal that this is allowed to continue.
TLY make 20% of its money from this outfit.

stt1,

Private companies have been part of the NHS for a long time.
Nobody is disputing this.
For example, almost all the GP practices, dentists, pharmacists and opticians who treat NHS patients are private businesses, and have been since the inception of the NHS in 1948.

TLY diluted its shares via cash-calls in 2016.
Wendy stated that “We remain focused on progressively adding to the Group through strategic and value accretive acquisitions in 2017, and look forward to updating the market further to this effect in due course."
In afternoon trading, Totally shares were up 0.9%, or 0.5p at 59.5p, having gained over 7% in the year-to-date, giving a total market cap of around £30mln.
Chairman Bob Holt – who invested £1mln in the group at 17p a share when he joined the firm just over two years ago - said he is targeting a market cap of around £100mln for Totally, in the short term, by the end of this year.

Today, in 2022, market cap is 61 million.
What went wrong?

Proof of the pudding!

So, how much cash does TLY now have in the bank after all these years of acquiring companies and contracts?

stt1 made a hash of investing here in the past.
Hates what happened.
Failed to benefit.
Pretends to have sold out on a high.
Doesn't understand the business model.
Thinks he could do a better job than Ofer.

The NHS is really not about allowing huge profit-making by private companies.
Private companies may take up some slack, but will always be scrutinized heavily.
It has never been the intention for independent providers, as corporate entities, to sit on Integrated Care Boards, nor for an individual to be appointed there to be a representative of such an interest in any capacity. The new commissioning bodies being set up are all public bodies and will not, and indeed cannot, be controlled by private providers.

The work of Integrated Care Boards is driven by health outcomes, not by profits. There are safeguards in place to ensure that the interests of the public and the NHS are always put first.

So, companies such as TLY will never be hugely profitable as they are tightly controlled and monitored and restricted by government.
TLY only (and will only ever) receives crumbs from the NHS.
The markets knows it will always be political suicide for private companies to be seen to be profiting massively from tax-payer's money.
Hence the sp will always be held back - doesn't take a genius to figure this out.

stt1 - you are a very sad person - get a life!

Yes!
Those that hold debt will need to service it - okay if they can.

We've done buybacks already, haven't we?
Why not try a dividend to reward shareholders for their patience?
I don't see the harm in that.

stt1,

How do the general public know if they have an urgent problem on their hands that is non-life-threatening?
They are not medically trained.

Whether NHS 111 is a solution for handling non-emergency situations depends on the public being aware of the fine line between a huge range of potentially life-threatening situations.
It is not a matter of choice, it is a matter of seeking advice.
Clearly NHS 111 would be a very bad choice if in doubt.

If NHS 111 just sit on their laurels and treat all queries as non-emergency then they may do more harm than good.
Surely even you can see the danger in your logic.

'Seeking Alpha' is not a credible source of information.

doggy,

Yeah!

Sure looks like its going to be a bumpy ride all the way.

doggy,

I agree, however the landscape is shifting so rapidly that fundamentals 'now' are not always going to be reliable in the future.
Cash reserves sufficient to tackle future challenges are the answer, as long as they are not left sitting around idle.
Tremor has built up plenty of reserves (in banked cash and Treasury shares) but are sitting on the fence for now.

doggy.

Yet you cannot deny that speculation plays a part.
Speculators buy and sell at prices that are not based on a company's intrinsic value
Not pure numbers alone, markets are sometimes very fickle.
That is why we see a severe beating down from some pretty fanciful prices.
It is a supply and demand-based auction system, where more people who want to buy into a stock push the price up.
Where there are more sellers the reverse is true.
Goodness knows what or who influences the sentiment, a novel niche that promises future profits (earnings) perhaps.
A narrative (story) that captures interest.
To my mind that is what drives the markets and always has done so.

Perhaps Tremor does not have a strong enough narrative to crystallize the business in the minds of investors.
Humans aren’t designed to be responding to percentages and averages.
The stocks that are doing well right now are typically the ones that have the best storytellers.
Once a narrative takes hold, it can drive markets.