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Real-Time news about Patientline (London Stock Exchange): 0 recent articles
|pjh35: so much negaive talk and publicity, share price , unsure how much the systems are actually used within the hospitals|
|pjh35: The thing I do not understand (among many) is that how are they still actually trading, what with their share price, how much the firm is worth. Is there some news coming?|
|pjh35: By the look of the share price some sort of deal has been done and the shares are on the up, could be OK for those who still hold the shares (or am I being overly optimistic?).|
|pjh35: richardbees - thats almost where we are now with this firm with their share price so low , almost nothing left for the share holders|
I don't think the shares will be worth anything. The banks just declare PTL in breach of its covenants and appoint an administrator to run the business for them. I'd expect the shares to delist.
I'm not a corporate lawyer, so I don't know the detailed procedure for doing this but I'm sure there is one, given that shareholders already have negative equity in the business (see the balance sheet in today's results). I can't see why the banks would give existing shareholders anything, given that the banks are already severely out of pocket themselves.
It would me nice (but unlikely) if the FSA could track down whoever it was that ramped the shares recently, encouraging ignorant speculators to bid up the share price from the level it was at before and which it has returned to today.
|jonc: Let us hope that the hard sell is increasing revenues. Even a marginal increase would do wonders for the share price since PTL has reported declining revenues per unit since time immemorial.
Thanks for the report.
|forwardloop: Snippet in the Sunday Mail following article on "hawking". Goes on to talk about other gripes incl car parking charges & bedside phone rental.
Reports on Commons Health Select Cttee report ... DoH signed a 12 yr contract with 3 cos making installations, biggest of which is PTL.
DoH Patient Power Review Gp should have reported last summer - findings expected within weeks.
G White Chair PTL : wants to bring charges down. TV/ internet charges not considered to be excessive. 10p min outgoing also considered to be OK. Cost of incoming is unpopular. Invested £155m in equipment - signed a deal - will not cut costs without compensation.
c 50% of £55m rev income from incoming calls.
Financial Mail has established that the cost of bailing out of phone contracts will likely cost taxpayers more than £100m.....
...the co (PTL) might expect compensation of more than £100m to cut the prices of incoming calls to the same level as those for outgoing...
So as I see it - PTLs game plan is :
PTL wants business to continue ie lower call costs but with a return on investment. Contractual agreement through DoH. Might therefore have a legitimate expectation of the business model delivering. Certainly in DoH not pulling the rug.
DoH will want to see - resolution of PTL problem. Lower charges to incoming callers (a joint PTL / DoH / Customer aim)
- no litigation, come out of this as the good boy - the saviour - smelling of roses, but with minimum cost to taxpayer
If I was a betting man I would say that DoH would subsidise the incoming calls. That will move the problem on to another Minister, it creates an ongoing revenue cost & everyone can blame all else & remain happy.
(see my comment below hinting about how the civil service works)
Now PTL at 5p is capitalised at £3.8m only.
BUT it has debt of c£85m.
Turnover c £55m (falling due to ward closure & bad press on costs issue)
Banks have a right to convert debt to 10% shares to come.
Qu - Are Shore still the biggest holding with c 20.3% so will have a say.
I see a couple of potential outcomes:
* DoH delay & kick for touch - debt & the banks take out PTL and remove a problem - not a good move for the govt if it wants to retain credibility
* DoH / PTL Director / Shore stich up of shareholders - Quite a risk I suspect. "Failed" talks, co in discn with banks - contrived so as to take the co private where deals are thrashed out out of the public eye??
* Deal with DoH to subsidise outgoing call costs as above - most likely IMHO
* Combination - with Share issue - probably a placing (not Rights) resulting in massive dilution at shareholder expense. (note 5p share price is par with the certificate price )
Is 5p to buy a bargain? Possibly. You pays yer money you takes the chance.
Todays local rag - hospital raises parking fees (again) to pay for hospital treatments
Er... So its not ethical to charge the ill & infirm for their treatment - so we will place an extra tax on the public who visit (they, of course, will be sympathetic for the need for NHS money)
Er... so its not OK to charge the patients 49 p / minute call cost, but 10 p is acceptable.
But its not OK to charge the relatives 49 p / minute either, why not - Oh yes, they have been fleeced on parking so it would be unethical to charge them again on call costs ........?
Funny old world we live in!|
|quotes_4_u: Nilip when he has bought and is in ramp mode !
nilip - 15 Feb'06 - 12:06 - 304 of 440
PTL Still looking like a strong buy IMO.
Looks like the recent bullish press could well be very right on this one ...
PTL is down from a high of 160p ... reckon we may be due a nice strng bounce here.
If we get confirmation of Derek Lewis being ousted as chairman it will act as a catalyst to boost the share price - probably into the 40's IMO.
The city doesn't have faith in Mr. Lewis and SCAP's intentions are very welcome - they'll get a lot of support.
Looks like the BUY recommendations last week in the Independent and Shares mags are calling this one right.
Also, telegraph last week :
Patientline rings in hidden value. The Government is keen on making patient records available online, and the potentially lucrative earnings stream that could follow is a substantial factor that does not appear to have been factored into the current price. Buy.
PLUS the recent OFCOM news giving PTL the all clear ...
Bring on the new chairman ...
Things are looking to get a lot healthier for PTL in 2006.
Nilip when he has dumped !
nilip - 9 Mar'06 - 10:41 - 439 of 440
Is there anyway of assessing the current situation that PTL finds itself in ...
It seems which ever way you look at PTL the news is negative.
(i) Recent damning BBC breakfast & news coverage on TV.
(ii) Problems with chairman currently on the defensive to being ousted by SHORE Capital and major share holders.
(iii) Technically, looks like it's back on the down trend :
The current management are a disgrace IMO and have succeeded in demoralising this company.
Share price looks like going back to the low 20's - the lack of good news and on-going negative sentiment is proving the deciding factor.|
|nilip: bothdavies / quotes_4_u,
IMHO this is now rediculously over sold.
Even more rediculous, given that OFCOM have given PTL the thumbs up !
In June and July of 2005 PTL announced that OFCOM was looking into PTL's
business and any contravension of the use of 070 numbers and it's charges.
The share price plummeted from over 80p to about 42p - it almost halved ... the share price has since been falling, primarily largely, I'm sure, due to the concerns and uncertainty over OFCOM's on-going investigations ...
OFCOM has finally given Patientline the all clear ... excellent reassuring news indeed ... that uncertainty has been removed, yet the share price does not seem to have reflected that news IMO.
It truely is a very material sigh of relief for PTL. However, I dont think the market has quite realised the significance yet.
The share price has hardly recouped any of the massive fall it suffered when OFCOM first announced it's investigation.
PTL now supplies comms devices to over 75,000 NHS hospital beds ... the infrastructure has now been given the all clear by OFCOM and they're also satisfied with PTL's charges ...
PTL has a firm foothold on patient telephone and internet provision within UK's NHS hospitals ... this is now fully expected to expand further given OFCOM's news ...|
|cfb2: palwing: Thanks for your kind comments. I think that PTL share price may be in for a rough time in the immediate future, even if it's only the herd mentality effect. If only I knew whether the BMA will be able to sway the government's stance I would be a happier man. My personal opinion is that wards will be a no-go but hospitals would have areas where mobiles can be used, but it may take some time for the share price to recover from this. I am currently trying to find out the terms of the contract negotiated between the NHS and PTL with regard to exclusivity of product - it's just possible that this might have something to do with use of mobile phones in the vicinity of Patientline equipment, although the bad PR from trying to enforce this would probably make it worthless.
Best of luck to you too,
Patientline share price data is direct from the London Stock Exchange