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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Patientline | LSE:PTL | London | Ordinary Share | GB0030221088 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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| 0.00 | 0.00% | 0.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
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| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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| - | O | 0 | 0.50 | GBX |
Patientline (PTL) Share Charts1 Year Patientline Chart |
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1 Month Patientline Chart |
Intraday Patientline Chart |
| Date | Time | Title | Posts |
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| 24/6/2012 | 11:02 | PATIENTLINE (Turnover Higher than its Market Cap) | 1,862 |
| 21/7/2007 | 10:20 | Patientline in the sick bed! | 39 |
| 22/3/2007 | 14:14 | Patientline takes AIM | 76 |
| 04/7/2006 | 10:56 | An Illness, Terminal | 1,398 |
| 17/2/2006 | 21:13 | Great Recovery Story | 10 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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Posted at 27/7/2008 17:06 by scribbler101 The TimesJuly 26, 2008Shareholders left for dead as rival snaps up UK assets of PatientlineCatherine Boyle Patientline, the hospital communications provider, was taken private yesterday in a deal that rendered shareholders' investments worthless. The company has sold its subsidiary Patientline UK to Hospedia, a newly incorporated company that includes Patientline's main competitor, Premier Telesolutions. Following the sale, shares in Patientline are expected to be cancelled from July 28, leaving 120 institutional investors out of pocket. The company's shares had sunk from their January 2002 high of 228½p to ¼p yesterday. Hospedia will be run by Tim Weil, chief executive of Premier, with Tim Sherwood, a director of Redstone, the communications company, as chairman, subject to approval from the Office of Fair Trading. It is understood that although Patientline executives will be kept on, none will be on the board. Related Links Patientline shares plummet after company reveals leap in losses Patientline was previously run by Derek Lewis, former head of the Prison Service, who successfully sued Michael Howard, the Home Secretary of the day, for unfair dismissal. Mr Lewis was ousted by a shareholder revolt in 2006. Patientline said yesterday that after working with its lenders to find a resolution to its level of debt and carrying out a review of its options, it had decided to file for administration, appointing Deloitte & Touche as its administrators. Patientline's debt is being cut by more than £35 million through a debt-for-equity swap in which the banks Royal Bank of Scotland, HSBC, Bank of Scotland, and IKB Deutsche Industriebank swap the debt for shares in Hospedia. Once the takeover is approved, Milestone Capital, which owns the majority of shares in Premier, will also become a shareholder in Hospedia, along with the management team led by Tim Weil. Hospedia will also receive more than £12 million of additional investment from Patientline's banks. The sale to Hospedia means that the company will continue to operate bedside console services in hospitals across Britain. Its handsets and monitors, fitted to 80,000 beds when Premier is included, can be used for telephone, TV, games, internet and radio. Patients or their families pay a fee to use them. Hospedia hopes to install a further 20,000 monitors. Nick Winks, chief executive of Patientline, who took over last November when the business was running £87 million of debt, said: "After . . . exploring many potential options, I am convinced that this transaction is in the best interests of our customers, staff and banks." Shares in the company plummeted in 2006 after it was the subject of an Ofcom investigation into overcharging for its services. It was exonerated, but the telecoms regulator recommended a review of its pricing structure and stopped it installing new terminals during the investigation. It has since suffered from management squabbles and posted losses each year. - Southern Cross, the stricken care homes operator, has secured a lifeline from its bankers and has managed to extend its loan facilities on a £46 million debt until October to allow the sale of property assets to reduce debts. The announcement last month that the company was in breach of its banking covenants, after the property market downturn, left it unable to sell some property assets and sent the price of its shares into freefall. Bedside manor 1993 Patientline founded Nov 1996 Raises £6.3 million from Mercury Private Equity Apr 1998 Derek Lewis, right, former head of the Prison Service, joins as chairman Jan 1999 Mr Lewis becomes chief executive as well as chairman Dec 1999 Patientline system given Millennium Product status by Tony Blair, then Prime Minister, and its products are displayed in the Millennium Dome Mar 2001 Lists on AIM and is valued at about £100 million May 2001 Jim Glover appointed chief executive. Mr Lewis stays on as chairman Apr 2004 Company criticised when it emerges that its television monitors cannot be switched off by patients and are being left on for up to 15 hours Jul 2005 An Ofcom investigation begins into the cost of calls to and from Patientline phones after it emerges that callers are paying up to 49p a minute to speak to patients Jan 2006 Ofcom investigation does not demand action from the company but registers concerns about the level of charges for incoming calls Apr 2006 Mr Lewis forced to step down after shareholders, led by Shore Capital, rebel Jun 14, 2006 Shares plunge more than a third after full-year losses at the company more than double to £24.7 million. The terminals cost about £1,400 a bed to install and Patientline is footing the bill for the work in return for an NHS contract Nov 2007 Nick Winks becomes chief executive |
Posted at 26/7/2008 13:57 by forallseasons and the fact that mobile phones are now again gradually been allowed to be used in hospitals.and the fact the you can now buy for around £80-00 to £100-00 mini tft tv's that even gets freeview channels. so what's left for PTL to make money on ? |
Posted at 26/7/2008 12:53 by kenmill As a brief investor some time ago at well over £1, I would remind everyone that PTL's demise is not really their fault. The whole premise in the early days was that the equipment would be used for NHS medical records so that consultants, doctors etc, when going round a ward, could access individual patient's records on the machines. The figures never stacked up for the millions of pounds spent on equipment if it was only ever going to be used for tele phone/vision. The NHS did what most government run orgaisations do - they screwed up the implementation of a large computer software package which never worked. A few private hospitals used the PTL equipment for this purpose but it was never rolled out. From that moment, PTL was doomed. I am just surprised it lasted so long. A painful experience for everyone involved. |
Posted at 25/7/2008 13:13 by cyberpost Appointment of Joint Administrator (Patientline)RNS Number : 9160Z Patientline PLC 25 July 2008 25 July 2008 Patientline plc (in administration) (the Company) Appointment of joint administrators Cancellation of listing The Company announced earlier today that it had instructed its lawyers to file a notice of intention to appoint administrators over the Company and its shares were subsequently suspended. The directors of the Company have appointed today as joint administrators of the Company, pursuant to paragraph 22 of Schedule B1 to the Insolvency Act 1986, Nicholas James Dargan and Nicholas Guy Edwards both of Deloitte & Touche LLP (Joint Administrators). A request has been made to the UK Listing Authority that the listing of the Company's ordinary shares on the Official List of the UK Listing Authority and the admission of its ordinary shares to trading on the main market for listed securities of the London Stock Exchange plc be cancelled. These cancellations are expected to take effect at 8.00 a.m. on Monday 28 July 2008. The Company acting by the Joint Administrators has entered into a share purchase agreement and has sold the Company's subsidiary Patientline UK Limited to a newly incorporated company Hospedia Limited. Shareholders should note that no value will be attributable to ordinary shares following the sale of Patientline UK Limited. Enquiries in relation to the administration of Patientline PLC should be addressed to Jamie Harley on 020 7303 4820, or Vimala Camadoo on 020 7007 5098. |
Posted at 25/7/2008 12:14 by jockblue nmf777 - this is all with the benefit of hindsight though - at the time the contracts were signed and the kit rolled out, mobiles were definately thought to cause problems to hospital equipment, and hence there was a clear openign for alternatives to the payphone/rusty old telly. This is in much the same way as mobiles are still not acceptable in planes (although that will probably change) or on petrol forecourts today.The mistake was clearly the form of funding, in which the government should have been forced to fund some of the rollout upfront. PTL had no money to make changes, improve the service or make significant inroads into helping its financing. However, once again, the call charges initially were not vastly different to mobile call charges at the time - 40p per minute was a fairly standard charge not many years ago.... Since then, PTL was up against it - rollouts didn't happen, wards were closed, a smear campaign by the Daily Hate, together with general incompetance from all concerned. A sorry tale, and one that all who had some interest in should learn from. I learned never to invest in companies that rely on government contracts - the odds are continually stacked against them. PTL has been my biggest investing mistake to date, and I was lucky to exit a couple of years or so back at 9p. |
Posted at 25/7/2008 11:53 by nmf777 no, mobile phones are the way forward. there is no problem with mobiles except for a few special situations. PTL know this, the hospitals know it and give tacit approval for their use in nearly all hospital environments. PTL were seeking to exploit the fact that there is nervousness about this in some quarters however. ultimately this was only ever going one way. |
Posted at 01/7/2008 09:38 by praipus This is probably (apart from the increasing cost of money) quite recession proof. Revenues will flow regardless of economic conditions. They also have monopolistic qualities. Share prices though can do anything. |
Posted at 20/5/2008 10:13 by pjh35 so much negaive talk and publicity, share price , unsure how much the systems are actually used within the hospitals |
Posted at 13/3/2008 18:53 by marben100 Can someone tell me what the fundamental problem is with PTL's business?IMO the problems have been as follows: 1. It has cost more to run the service than had been expected originally 2. When PTL's service was originally planned, mobile phones were a) not as widespread; and b) much more expensive than they are now. It was not expected that they would be widely used in hospitals. You probably remember the awful phone & TV service that was available in hospitals before PTL's kit came along. 3. PTL has had a terrible press with accusations of a "rip-off" service, as mobile phone services have become much cheaper and widely available and (reasonable) doubt has been cast on the validity of bans on mobiles being enforced in hospitals. How they can be accused of "ripping off" customers, when they have never made a profit is beyond me. 4. As a result of 2 and 3 usage of PTL's units & service by patients and relatives has been steadily falling, resulting in falling revenues per unit. 5. To cap it all, PTL installed their kit in many wards which hospitals then decided to close, due to funding shortages, resulting in the expensive kit lying idle. Moreover, I understand that they were originally promised that they would get additional revenues from use of their kit within the new planned NHS IT infrastructure. This never materialised. 6. In order to finance the purchase and installation of a lot of kit and infrastructure, PTL has large borrowings and their net revenues now barely cover the interest on those borrowings, let alone repayment of capital. It appears that the banks are about to foreclose and run the business down to recoup as much as they can from remaining revenues, without making any further investment. 7. The final nail in the coffin is that much of PTL's kit is, IMO, now obsolete based on very old technology. An object lesson in investment. HTH, Mark |
Posted at 25/5/2007 08:17 by palwing Hi JonC. Basically it was an article about Patientline "hard sell" tactics on the wards. Said that they are targetting the vulnerable etc ..all stuff that has been aired on here before. Also, they have been approaching nurses to sell Patientline services to patients. Nothing new of course, but being back in the headlines won't be good for the share price Also mentioned the huge debt. I don't see the PTL share price going anywhere unless some magical transformation takes place. Unfortunately I can't see where that can come from and this sad slow illness may lead to it's demise. This means it could become a customer to it's own service of coure, sort of Ironic huh? Luckily I got out at 27p, but still nursing a loss. Good luck all that hold. |
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