Totally Share Discussion Threads

[marvelman] 16/7/2021 13:06

Well looking further I can see that taking out the Goodwill the company has net liabilities of circa £4000. IMO it really should not be paying a dividend. I won't be re-investing and won't be commenting further unless someone can counter my points. I do not want to be seen as a de-ramper.I genuinely thought this would be a safe haven for a LT hold but cannot come to that conclusion now

[midasx] 16/7/2021 12:37

sikhthetech16 Jul '21 - 12:19 - 10876 of 10876
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Remember Shroder. He came up with 'convincing' reasons when he was ramping blnx/rthm. I found holes in his ramping. He disappeared.

In a hyped sector, when all shares within that sector are rising, it is very easy to convince people to buy.

Best to trade and not get caught out again.


You trading here Silky?

[marvelman] 16/7/2021 11:45

Appreciate your thoughts savagedstock. I would really like to see a breakdown of the payables but cannot see it in the BS notes.

[hybrasil] 16/7/2021 11:41

While turnover is for vanity etc it’s still £100 m

[savagedstock] 16/7/2021 11:31

Yes, it may well be silly season, but those who actually do analysis will come up with something like this.....

the headline the company wanted investors to focus on is the high cash balance at the end of the year....the presumption in most peoples' mind when the original RNS was released, was that the increase came from profits. But when you do the sums
looking at operating cash (everything else is not relevant) - overall improvement +6315 broken down as

better payables (longing out suppliers) + 2044
better cash collection from NHS +2710
improved pre-provision profit +1000
other odds and ends +500

so the underlying trading performance was better, but nothing like what can be assumed from the first glance rns re cash position.....

on the positive side - insourcing is on an annualised run rate revenue of £7M, and on 25% (roughly) margin. So operating cash should increase £1500 this year, plus whatever else OOK, 111 improvement is (no indication on that).

[marvelman] 16/7/2021 10:43

I do feel a little uncomfortable about the the difference between current payables and receivables in the balance sheet ( 17455) which if fully released would leave cash in a minus 3,000 situation...does anyone have a view?

Current Assets/Liabilities

Trade and other receivables 8,675
Trade and other payables (26,130)
Cash and cash equivalents 14,797

[midasx] 16/7/2021 10:27

Will it bounce from 30p or fall straight through it?

[football] 16/7/2021 10:12

Another predictable full today! we were told by stt and the gang of rampers that this was a unaffected business by Covid19 and the money was rolling in and there would be a bigger dividend could be paid.When in fact it has been savaged by covid due to facilities being closed and the pandemic shows no sign of letting up there for their operations cannot open up and will be a further strain on their cash flow.It's ok having money in the bank but how long would it take to start eating into that and if your liabilities are more than the cash in the bank you're actually in debt.

[gswredland] 16/7/2021 09:31

As you say. silly season atm

[hybrasil] 16/7/2021 09:27

The stock market is a funny place. The results were exactly as per the trading statement and yet the price has gone from .43p to .33p. It is the silly season though

[football] 15/7/2021 14:22

LOL! STD you couldn't make that sh1t up




sikhthetech15 Jul '21 - 14:08 - 18128 of 18128
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The investor presentation

[sikhthetech] 15/7/2021 14:08

The investor presentation

[microscope] 15/7/2021 13:42

Presentation also available on twitter now via Totally account

[kilgallp] 15/7/2021 12:56

Thanks hybrasil, found it where you suggested.

[gswredland] 15/7/2021 12:50

Looking at the chart maybe 30-32 a good entry point

[sikhthetech] 15/7/2021 11:57

Nobody knew covid was coming.

Despite having parts of the business closed due to covid, they still increased revenues, cash and profit.


They are aligned to the NHS and are prepared for the NHS ICS contracts.

[muffinhead] 15/7/2021 11:42

Ebitda £5mill
Ebit £0.2mill
ROE 0.94%

hybrasil... you are missing something in your analysis....

The depreciation and amortisation has reducted shareholder equity per share as seen on balance sheet. EBIT is a better measure of progress. All those contracts have an expiry date. Any new contracts or acquisitions paid with company cash will need to top up equity and also need to be value/earnings enhancing with a better ROE to get me excited.

Good luck with that Wendy bendy!

[hybrasil] 15/7/2021 09:52

They usually are.
Try investormeet website

[football] 15/7/2021 09:05

Read the news flow and not stts ramping and the gang of rampers that work with himFor 4 months they have been saying increased dividend look at the proof read the posts and do your own researchAfter yesterday's presentation you're lucky to get dividend so the company reckons due to market circumstances and you're only getting that because they did a placeing which you're paying for your own dividendAnyone notice why they didn't mention Northern Ireland or none of the rampers here put forward a question about itIs it because it's lost making?

[kilgallp] 15/7/2021 08:40

Sadly, missed yesterday's presentation. Anyone know if it's online somewhere?

[hybrasil] 15/7/2021 08:14

If you strip out the cash you have £5 million of ebitda for £50m. I think that’s cheap on any metric. For me this is my 2nd largest holding.
Share prices tend to balance out but it could take some time
They should not do buy backs at the current growth phase. They may need cash for acquisitions

[gbcol] 15/7/2021 07:28

Personally I think they are a bit naive. They were shocked at the share price reaction when then removed market guidance. They are shocked at share price reaction this time - which I think is substantially down to not increasing the divi.

It is naive to think that quietly getting on with the day job will drive the share price

Over 20% down since the results!! They are clearly not getting their story out there to attract investors and need to up their game in that respect IMO.

Buybacks aren’t always the answer but if they believe share price should be nearer 60p and with stacks of cash in the bank, then surely this would help.

This is my largest holding and I have continued to add in recent months as I look into the detail of the company and see the medium/long term prospects but this share price performance is becoming rather frustrating.

[thordon] 14/7/2021 22:19

Just been over the presentation todays by the CEO Wendy

The first Q&A was the slander of a court case by individuals on multiple chat boards and confirms this is untrue and will be investigated.

The other was the shock that the share priced had dropped and not a true reflection of Totally value.

Also now this board is now back today as we have in the past without the negatives posted.

so Wendy has said that emails was sent regarding this , suggest we also follow suit.

[sikhthetech] 14/7/2021 20:44

The other interesting point was with the pandemic there are many new short term opportunities such as:
Long covid.
Quarantine.

There's a lot going on relating to covid. Given the fluid nature of the pandemic these are short term and flexible.

[thordon] 14/7/2021 20:43

Well presented and interesting comments on growth , acquisitions and slander.

Dividend was disappointing point but understandable