Member Info for Tricky_Dicky

bumble,

As we know, markets run up and down as a result of many factors.
It is obviously hard for TLY to show it is helping the NHS waiting lists in the current corona-related backlog.
Corona is now returning with a vengeance for sure.
There is ample opportunity for TLY.

stt1 says they are not covid-dependent.
But surely TLY are not just sitting on the fence and boasting about recurring revenues and dividend, saying 'everyone needs healthcare, covid or not'?

On 6th July 2021 it was stated that Planned Care revenues reduced by £3.2 million directly as a result of the reduction in face to face consultations.
Urgent Care and In-sourcing made some progress, resulting in 0.1 million profits.
Have there been material changes since then?

Sounds good to me bumble,
But the markets don't seem very impressed.

The earth is on an elliptical orbit (around the sun) and in summer it actually farther away from the sun.
But it is tilted towards the sun, on its axis of rotation.
In winter the earth is nearer to the sun, but is tilted away.

That is the general picture but polar jet-streams can disrupt the expected patterns by playing havoc with the weather.
Currently the jet-streams are having less effect.

just,

Yep, I have quoted The Kings Fund comments previously.
They opine that the provider of a service is less important than the quality and efficiency of the care they deliver.
That seems axiomatic.
The NHS can also benefit from partnerships and joint ventures with the private sector to deliver some clinical and non-clinical services.
Again self-evident, except to those who believe the NHS is being privatized by companies seeking to profit from tax-payer's money.
However, this has nothing to do with profitability.
Contracts can be awarded by the NHS to the best people in the world, privately, but that alone does not mean good profits will be made.

In life, as we age, there may be a time when we experience an Indian Summer, in a late flowering of happiness.

William Dean Howells' 1886 novel 'Indian Summer' uses the term to mean a time when one may recover some of the happiness of youth. The main character, jilted as a young man, leads a solitary life until he rediscovers romance in early middle age.
Hence, a poor start, and lost opportunities, may be rewarded with a final fling?

The Met Office Meteorological Glossary first published in 1916, defines an Indian summer as 'a warm, calm spell of weather occurring in autumn, especially in October and November. '

Perhaps more to come!

Will they 'wake up and smell the coffee'?

Plus an 'Indian Summer' on the doorstep!

So bumble,

You believe that THC has totally free access to tax-payer-funded NHS facilities (Theatres and equipment)
Plus surgeons, nurses, anesthetists and can make lots of easy money by offering them higher rates of pay?

We know what THC are about, but how can waiting lists be improved by outsourcing of NHS resources?
Surely the NHS can offer what THC are attempting?
Unless of course the pay is better under THC.
In any case the lion's share of the operation is the hire of the operating theatre and equipment, which goes back to the NHS anyway.
The actual fees of the surgeons. etcetera are quite small in comparison.
Perhaps that is why THC have to do an awful lot of work to make money.
And still the lists of waiting times are huge.

Wendy Lawrence explained that Totally Healthcare was launched (in October 2019) specifically to address the issue of reducing waiting lists in trusts and hospitals across the UK and Ireland “by utilising their spare capacity outside of normal working hours and weekends.”
To be fair Totally were not in business very long before Corona came along.
Now the waiting lists are the highest in history of the NHS.

Totally are allegedly trying to profit from urgent healthcare support.
If you have a cancer diagnosed there is a waiting list before you are assessed/treated.
Do 'Totally' manage to reduce the time you wait before you are seen by a consultant?
I see no evidence of this.

The experiment in market driven healthcare has failed.
Private companies will only take on NHS bottlenecks if it is in their financial and business interest to do so.
That is the nature of the (private health care) beast.

The pandemic has exposed the full extent of this failure and shown the need for urgent state intervention to take back control from those market actors whose primary interests lie in the bottom line.
Putting their financial interests first means private companies like TLY have chosen to undertake routine, non-urgent assistance, whilst patients with serious cancer issues are avoided as the profit-line is too low.

Any healthcare system which is designed around the principles of consumer choice and competition, and which seeks to eliminate all vestiges of ‘waste’ and inefficiency through using market forces, is fundamentally ill-suited to dealing with a sustained public health emergency. For not only is such a system designed to get rid of excess hospital capacity – which is now so badly needed to deal with the latest wave of the pandemic – but it also surrenders the control and co-ordination of state healthcare resources to the market.
Crucially, such a system also hands over control to private companies who, while outwardly promoting the values of the NHS, are legally constituted to pursue their own financial interests above all else, even during a national disaster.

Enjoy your dividends and share price growth at the expense of patient's needs.
Surely that cannot be right

geoffie,

In some sense (whether you like it or not) it is both about the past and also the present because the now NHS has the greatest waiting list in it's entire history.
Clearly TLY are hoping to help.
Hoping to profit.
Yet the current profits are miniscule.
Read the accounts.
Why is that exactly?
***The greatest opportunity ever presented***
Yet TLY are struggling to turn a decent profit.
Something needs explaining.

I am more than happy with Tremor, if anyone is not they can go simply elsewhere.
Anyone with a permanent 'vicious circle' msg stream should take a sanity check.

A business can have good cash flow and still not make a profit.
Growing and having steady cash flow does not mean you are making a profit.
A business cannot survive unless it is profitable.
TLY have good cash flow and do a lot of business but make very little bottom-line profit.
Check out the last two financial statements.
It is no good trying to pull the wool over my eyes.
I have heard it all before.

Thordon,

You would have to state figures, not just make 'airy-fairy' statements.

Mixed messages here Dyna,
Yes! Good to have a very stable company.
But If growth is on the cards then surely a dividend is not well spent?
Giving away potential cash that would be better spent on future growth?
And if TLY has enough FCF to maintain its current operations, but not enough FCF to invest in growing its business, then you need to define what you mean by Free Cash Flow.

There are the 'illegal' rings and cartels involved in the markets, with auctions of antiques.
They work to squeeze out the smaller players.
The same or similar most probably holds true for share dealing.
We are always up against much bigger players with deeper pockets.

bumble,

I work in the antiques/junk trade.
We have to judge the market.
We don't seek the maximum price at all.
That would mean hanging on to a lot of stock on the off-chance of a sale.
Greedy dealers don't turn stock over by waiting for a killing.
As long as you sell at a higher price than what you buy then at that is all that matters.

Share trading is slightly different as the markets are often quite volatile.
But the same principles apply.
Sell on a higher price than you bought and don't hang on forever.