Totally Share Discussion Threads

[grahamwales] 29/1/2021 12:03

hybrasil

I get that but should they have perhaps asked for advice before going for the GM lol. Anyway that's long past now and just need Covid to ease back for operations to take place.

There are plenty of people suffering even dying due to lack of operations which doesn't make the headlines.

[hybrasil] 29/1/2021 11:59

Graham

They got that wrong but I spoke to the company after the meeting and the strong advice they had received was that a buy back would do no good for the share price.

That was why they didn't do it.

[hamhamham1] 29/1/2021 11:58

Looking at todays movement, anyone would think Elon Musk mentioned this in a tweet!

[grahamwales] 29/1/2021 11:53

Sikh

If they had no intention of buying back shares why hold a bloody GM to get it approved.

[spacedust] 29/1/2021 11:53

Longshanks forked tongue? You better not kiss me then when the share price hits 60p.

But yes i said 6p when the price was 24p and boy did it get close??? We were a little south of 9p so close enough call. But it will hit 60p and its now almost impossible for it not to hit 60p

[sikhthetech] 29/1/2021 11:43

graham, how could they have a placing at 10p followed by a buy back at 10p?
Would not have made sense.

They raised the money to buy GBH.

I've always maintained that they are following the right strategy and Wendy and Bob are the right people to build the business. Bob with his strong connections with the city and Wendy with her strong connections within NHS and healthcare.

[microscope] 29/1/2021 11:43

Good to see the Telegraph catching up here with the investment case most of us were making when the shares were 10p.

[hamhamham1] 29/1/2021 11:41

I bought a few more.

[spacedust] 29/1/2021 11:34

I go away for a day and you chaps have the cheek to jump on the runaway train. Well well well. Who now believes 60p will happen when i said it at 9p????

This will be on the main ftse one day. Reminds me of ADT when tbey went from 10p to 400p. An aim tiddler that started paying dividends at 1p from their profits.

Not seeling a dime until 150p

[nobbygnome] 29/1/2021 11:34

>> graham

So you know more than the fund manager 🙈.....

[grahamwales] 29/1/2021 11:32

Also still want my £100 million m cap.

[grahamwales] 29/1/2021 11:32

Nobby

Nope still think they should have done a share buy back at 10p and put them away to buy up another Greenbrook. :-)

[nobbygnome] 29/1/2021 11:25

>> graham

I hope you have taken notice of the comment that the TLY management team are 'the most prudent among all the companies we invest in'. You have been a harsh critic of them in the past so I hope you are coming around to the realisation that Wendy et al have done a magnificent job!

[sikhthetech] 29/1/2021 11:15

A lot of investors didn't understand the TLY model or are unaware of the company.

Then there was the General Election/Brexit uncertainty. News articles claiming Labour will take back private contracts. Investors miss the fact that the NHS has been using private companies since it's inception. There are CCG's/GPs/Locums/agency nurses/cleaning etc run as independent businesses.

NHS 111 is now on the public's mind as the 1st port of call. That is good news for
A&E and TLY.
Insourcing will help reduce the ever increasing NHS waiting lists.

[spursspurs] 29/1/2021 11:14

the 2nd one :)

[grahamwales] 29/1/2021 11:10

lol spurs

Your now either a telegraph reader or a hacker.

[hybrasil] 29/1/2021 11:07

Thank you spurs

[longshanks] 29/1/2021 10:58

I knew you had it in you Spurs.

[spursspurs] 29/1/2021 10:55

This Aim company is quietly delivering more and more NHS services – profitably
Totally runs urgent care centres. Even if patients never realise, investors may want to take a look

Richard Evans
image
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.

image
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.”

image
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,” he said. “It has the expertise – the management team is possibly the most prudent among those of all the companies we invest in.” 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.”

image
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.

Questor says: buy

[longshanks] 29/1/2021 10:54

I didn't know Richard Sneller read the Telegraph

[marvelman] 29/1/2021 10:54

A lot of Telegraph readers seem to agree with Questor it would appear

[nobbygnome] 29/1/2021 10:53

The chart suggests a rapid rise to 40p; I reckon by the end of next week is quite possible.

[grahamwales] 29/1/2021 10:51

close to 300 trades in one day, that used to take about 2 months not so long ago lol.