Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Part 2
But it is the pandemic, despite its short-term impact on parts of the business such as planned care, that offers Totally its chance to grow and to change the way healthcare is delivered.
“Outsourcers still account for a tiny proportion of NHS work – there is huge scope for growth,” Mr Davies said. “Even even if the health service outsourced just another 2pc of its operations the effect on companies such as Totally would be huge. Waiting lists are the longest they have ever been and outsourcing is the only way to catch up.”
Totally shares should qualify for the inheritance tax exemption, according to Investor’s Champion, an Aim specialist.
A further point in the firm’s favour, from Questor’s point of view, is that Mr Holt owns a decent stake of about 2.2pc of the shares and has let it be known that he is willing to buy more if sellers emerge.
https://www.telegraph.co.uk/investing/shares/questor-aim-company-quietly-delivering-nhs-services-profitably/
Part 1
Questor: this Aim company is quietly delivering more and more NHS services – profitably
Questor Inheritance Tax Portfolio: Totally runs urgent care and 111 services. Patients may not realise but investors may want to take a look.
Coronavirus has led to a huge rise in the number of people on NHS waiting lists and greater use of private companies may be the only way to bring the numbers down when the pandemic is conquered.
One such company is Totally, which is quoted on Aim. Patients may never realise but it runs several NHS services that they will come into contact with – and it runs them very well, judging by the ratings of the Care Quality Commission.
Totally is responsible for the 111 non-urgent phone line in some areas and runs some urgent care centres. It also provides out-of-hours GPs, supplies staff such as surgeons to the NHS and delivers “planned care” such as physiotherapy for police and prison officers.
“It is trusted by the NHS,” said John Davies, who holds the stock in his Seneca EIS Portfolio Service. “Some of its contracts, previously managed by firms that it took over, needed to be turned around but these contracts are now in the top two CQC ratings brackets.
“Totally has shown that it is able to bring services up to the required level. For example, it upgraded the telephony for the 111 services it runs to the point that the NHS now sees it as the gold standard. It is a safe pair of hands.”
The company has expanded by acquisition, something that always causes Questor some anxiety. But Mr Davies said it had a good record of integrating and improving the firms it took over.
“One, called Greenbrook, was probably in a worse state than Totally expected but it still made a success of the purchase in the end. It has the expertise – the management team is possibly the most prudent among those of all the companies we invest in,” he said.
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Mr Davies said he especially admired Bob Holt, the chairman, who previously ran Mears, the housing and social care provider.
He added: “Some acquisitions were seen as vanity purchases at the time and this made some investors steer clear for a couple of years. But now the company has the opportunity to buy businesses with poor CQC ratings for next to nothing and make them work.”
Totally has net cash on its balance sheet, so it is in a good position to make acquisitions without taking on debt. It even pays a dividend.
In its latest interim accounts it reported pre-tax profits of about £1m on sales of £54m. “I think profitability will improve. The firm has some fixed costs so a bigger top line will help margins,” Mr Davies said. “We first invested when it had about £2m or £3m of revenues because of our belief in the management team and the opportunity that existed.”
We are currently looking for nurses and consultants across multiple health specialties to meet continuing demand following the postponement of some elective surgeries and treatments during the pandemic.
https://bit.ly/3rqXCU2
NEXT STOP 42 COMING SOON.
https://simplywall.st/stocks/gb/healthcare/aim-tly/totally-shares
https://twitter.com/share_talk/status/1288770587603529728?s=21
Gold Deposits.
The most notable mineral deposits in the district are those
in the Simon mine where two large, irregular, chimney-like shoots
were developed. The ore bodies were replacement deposits in
Luning limestone localized along an alaskite dike; ore minerals
were galena and sphalerite which were enclosed in a jasperoid
mass (Knopf described the ore as an argentiferous lead-zinc
jasperoid). Associated minerals were pyrite and arsenopyrite in
a gangue of calcite and limestone. The outcrop of the ore shoots
were composed largely of siliceous gossan containing considerable
plumbojarosite and locally some galena and cerusite. The dike
rock has been silicified and sericitized; it locally contains
sulfides and quartz veining but did not contain sufficient metal
to constitute ore. A belt of silicated rock consisting of
garnet, diopside, actinolite, and calcite, lies parallel to the
dike rock in the limestone adjacent to the mine (Knopf, 1921, p.
370-372).
The other major deposits located in this district, goldbearing quartz veins in Tertiary volcanic rocks, occur in the
north end of the range. The largest of these deposits is the
Olympic (Omco) mine located about 4 miles north of Simon. The
ore at the Olympic mine consists of fine-grained white quartz,
much of it clearly pseudomorphic after platy calcite, containing
a gold-silver alloy so finely divided as to be invisible.
OLYMPIC GOLD MINE
The Bell district, Mineral County, also known as the Cedar
Mountains district, is located in the Cedar Mountains in eastern
Mineral County near the Nye County border. The central part of
the district is about 18 miles east of Mina on U.S. Highway 95
and is accessible via gravel and dirt roads that lead east across
a low pass in the Pilot Mountains to Stewart Valley and the Cedar
Mountains. Mines in the eastern part of the district are
accessible via gravel and dirt roads extending from Gabbs, 18
miles to the north in Nye County. Mines in Nye County, in the
eastern foothills of the Cedar Mountains are sometimes included
in the Bell district; we place these mines in the Athens district
of Nye County and do not cover them in this report.
HISTORY
The Simon mine, in the central part of the district, was
discovered in 1879 and small quantities of lead ore were mined
from the gossan outcrop and shipped. In 1919, silver-bearing
lead-zinc ores were discovered in the sulphide zone beneath the
gossan outcrop. A 100-ton flotation mill, later enlarged to 250-
tons, was erected and, between 1921 and 1927, $741,278 in silver,
lead, and zinc was produced (Vanderburg, 1937, p. 72).
The Olympic (Omco) mine, at the north end of the Cedar
Mountains, was located in 1915 and a 70-ton cyanide mill was
erected on the site in 1917; this mill burned in 1919, another
was built in 1920 but closed in 1921. The mine was then operated
by various lessees until 1929 when it was sold at a tax sale. In
1932, the mine workings were caved by a severe earthquake
(Vanderburg, 1937, p. 72-73). Total production from the Omco
mine, through 1940, is about $800,000, mainly in gold .
This will be Huge on Monday.Might be News on working Axis shield.
https://clinicaltrials.gov/ct2/show/NCT04351646?cond=Covid+19&cntry=GB&draw=2&rank=3
https://oxfordbrc.nihr.ac.uk/common-antibody-test-can-be-adapted-for-covid-19-study-finds/
He is being paid 6730 per week. 350k per annum
Zero debt and cash worth US$4.4m cash burn was US$2.2m over the trailing twelve months. That means it had a cash runway of about 2.0 years.
We should Expecting Something Exciting in next rns,lets us see what Howard got for his shareholders.