Patientline Share Discussion Threads

[pjh35] 03/11/2007 22:18

richardbees - thats almost where we are now with this firm with their share price so low , almost nothing left for the share holders

[richardbees] 03/11/2007 22:01

scrib - but surely that'd mean the end of the game for shareholders?

i.e. debt for equity

[scribbler101] 03/11/2007 21:53

that's why they have to stop paying interest

[pjh35] 03/11/2007 21:21

The only problem I see is that the revenues are steadily reducing and as they (PL) said in there last update a problem with liquidity will occur (in the near future?).

[richardbees] 03/11/2007 21:15

Scribbler, I see your reasoning - and hope it works out.

[scribbler101] 03/11/2007 17:43

pjh35 - my theory runs as follows.

PTL has a cash producing business. It is just not producing enough cash to pay for the investment made. Its lenders can drive it into receivership, or let it keep on going in the present company. Receivership will cost a fortune in fees and probably lead to a fire sale of assets. It may also trigger default clauses in contracts with trusts. Equipment might even be forfeited!

So I think it is in the interests of creditors to let it carry on. To do that they have to have shareholder approval of any restructuring; d/e, whatever. That has a price. I think the price is more than 1p/share.

[pjh35] 03/11/2007 16:57

Would anyone wan to buy this stock considering the state of the company or is there something I am missing

[scribbler101] 24/10/2007 23:40

richb - is right. Not long ago I managed to buy 500k only just above the BID price (ie the wrong side of the vast spread).

[richardbees] 24/10/2007 21:06

harold, as scrib says, 'share centre' prices are calculated on the same formula as 'the quote' on this site, and meaningless on such a small volume deal that doesn't match the quoted bid/offer price.

The only real test is (with enough £cash in your dealing account) to try buying 100k shares and see what price you're offered.

However, imho it's not been looking good for ptl ever since oftel / R4 'You and yours' ....and the recent relaxing of use of mobiles in hospitals must be the death knell.

[scribbler101] 24/10/2007 16:27

htg - means nothing. price quoted 0.5-1.5 so mid price is 1.0. Someone sold at 0.6 so they call that the price; down 40%. If someone bought at 1.4 it would be up 40%. There is not enough market do determine a meaningful single price.

[haroldthegreat] 24/10/2007 16:08

£600 sale and the price drops 40% ? according to share centre prices

[scribbler101] 24/10/2007 14:29

palwing - looks like someone wanted to sell 100,000 in the opening auction and someone else graciously took it for 0.6p. Might have done so myself if awake.

More trades on + ; two sells and 3 buys - about 100k each way. MMs making a few quid!

[scribbler101] 24/10/2007 14:28

palwing - looks like someone wanted to sell 100,000 in the opening auction and someone else graciously took it for 0.6p. Might have done so myself if awake.

More trades on + ; two sells and 3 buys - about 100k each way. MMs making a few quid!

[scribbler101] 24/10/2007 14:28

palwing - looks like someone wanted to sell 100,000 in the opening auction and someone else graciously took it for 0.6p. Might have done so myself if awake.

More trades on + ; two sells and 3 buys - about 100k each way. MMs making a few quid!

[palwing] 24/10/2007 12:32

SP not looking good...hold on tight. Summat in the waters?

Good luck all...

[scribbler101] 22/10/2007 17:36

good idea. We could have "Ban the ban" marches.

"What do we not want?"

"Bans"

"When do we not want them?"

"Not now".

[debaleb] 22/10/2007 17:33

scribbler

True, i'd like to see them run the country ahead of attempting to turn the place into a nanny state, i'd also ban the word "ban".

[debaleb] 22/10/2007 17:31

jock

The tax from cigs and booze should be ringfenced for building hospitals for the smokers and drinkers amongst us, i'd bet they'd be the nicest, cleanest, best, well financed hospitals in the land.

They'd probably also subsidise Patientline tv's for patients with some of the money left over.

[scribbler101] 22/10/2007 17:27

when the NHS stops infecting patients because of hygiene standards that would get a takeaway or a cruise ship closed down it may have scope to preach.

debaleb - you seem to misunderstand. Under NewLabour; "freedom to chose" means "freedom to choose to do as we want"

[jockblue] 22/10/2007 16:05

Yeah, freedom of choice. Perhaps the NHS staff could exercise freedom to choose whether to treat self-inflicted problems caused by ciggies and booze as well....

Sorry, going ever so slightly off topic here...

[debaleb] 22/10/2007 15:22

They don't sell Ciggies in the hospital shop at my local infirmary, poor decision given that many patients will be smokers, whatever happened to freedom of choice!!?

[scribbler101] 22/10/2007 15:11

Surprised they sell crisps at all in NHS.

[richardbees] 22/10/2007 12:33

In Local Government SLA stands for "Service Level Agreement" e.g. agreeing not to stick stuff out of bedside tables!

[debaleb] 22/10/2007 12:16

I wouldn't say 42p was that high a price for crisps.

[cezary] 22/10/2007 12:07

Its not just Patientline that charges excessive prices.
If u go into the cafetaria in hospital u get a shock at the prices they charge.
A small bag of crisps cost 42p.