Totally Share Discussion Threads

[sikhthetech] 15/11/2021 13:59

Spacedust, "anyone going to presentation. Pls ask.."

Read the TU.

The presentation is online.

You can ask the questions yourself.
Now, TODAY..

" Questions can be submitted pre-event via the Investor Meet Company dashboard or at any time during the live presentation"

Feel free to ask whatever you wish.

[footballl] 15/11/2021 13:51

I can confirm, there is no debt !! I’ll say that again for those struggling to understand. There is NO DEBT !!

[longshanks] 15/11/2021 13:50

The company has taken great strides to clean up its balance sheet in recent years: including the cancellation of the share premium account to make the payment of dividends possible.If the company has negative net assets - technical or otherwise - it is still something that should be addressed to make performance criteria clearer. Whilst happy with the dividend increase, I would still like a meaningful ROCE value to apply when assessing performance.

[owenski] 15/11/2021 13:45

Always was a bag of spanners this one, worth a trade now and then, but the financials were always dodgy and opaque.
Looks like everyone on t'other board is pretending to be a finance director.
Wendy is never really that clear, she's more like a PR person where everything is wonderful rather than deal with the hard business questions, and what exactly is Bob doing there these days.

[gbcol] 15/11/2021 13:43

The trade & other payables does cause some confusion & gets asked about at the various presentations. From my last notes and from the last accounts (& I’m no accountant so don’t totally get the subtleties) it includes

Trade payables
Social security and other taxes
Other creditors
Corporation tax
Accruals and deferred income
Prudent accrual for malpractice (obviously may not crystallise)

I think this also includes rented properties liabilities but not completely sure on that.

I’m sure it will get asked about again tomorrow.

[spacedust] 15/11/2021 13:38

Any one going to the presentation tomorrow? If so plz aak the following:

Why is the only company in the entire LSE where

Profits up
Dividends up
Cash up = share price decline?

Why has excellent news for the past few months resulted in thr share price going drom 44p to 31p.

[nobbygnome] 15/11/2021 13:33

It's a technical issue not a real issue FFS!!

[nobbygnome] 15/11/2021 13:32

How many times do we have to say it, the company has no debt!!!

[marvelman] 15/11/2021 13:32

Is that the best you can do "football"?

[marvelman] 15/11/2021 13:31

Sikh...yes..but insurance premiums would be paid in advance and will be shown as part of Current Assets. The point I am constantly and unsuccessfully trying to make is that with a Balance Sheet showing negative Net Current Assets a dividend payment is not good practice because in effect it is off borrowed money

[footballl] 15/11/2021 13:30

Huge flaw in your comments Nobby you have to have a brain in order to be able to engage it.

[nobbygnome] 15/11/2021 13:25

Anyway it's your loss...

[nobbygnome] 15/11/2021 13:24

>> marvelman

I repeat it is a disgraceful position because if you bothered to research it properly, the issue is not a concern. It comes up at the time of every results so those of us who have researched the company thoroughly know it's nothing to worry about.

[sikhthetech] 15/11/2021 13:19

Marvelman, If you're an ex-FD then you would know all businesses pay insurance premiums to cover for any potential claims, whether it be healthcare, haulage, catering, manufacturing etc.

That's basic business.

Why would the NHS or any government dept accept work from an uninsured company?

I think they said the payables also include lease costs etc.

There is no debt.

[nobbygnome] 15/11/2021 13:05

I strongly expect the price will go up sharply in the next week or so. Today is all to do with short term traders who bought at the end of last week.

[spacedust] 15/11/2021 12:58

If this is what happens on amazing news id hate to think if there was bad news making a loss with a cut in dividends.

[sikhthetech] 15/11/2021 12:51

They have no debt.

[sikhthetech] 15/11/2021 12:50

They previously said payables inc insurance payments to cover potential patient liability. I think you'll find all medical companies/consultants etc have similar insurance policies.

It doesn't mean there are currently any patient liabilities.

I'm sure if you ask then they will clarify again.

[nobbygnome] 15/11/2021 12:43

The real point is would they really be paying an increased dividend or indeed talk about using the cash for an acquisition if there was a danger they would be insolvent in the near future. You need to engage your brain before making unresearched comments.

[footballl] 15/11/2021 12:41

Well said Melody. Totally have said from the early days that they are acquisitive and looking to build and grow the business and to diversify to limit the risk of being a one trick pony and help future proof the company. Self funding new acquisition opportunities has to be a sensible medium to long term vision.

[nobbygnome] 15/11/2021 12:40

>> marvelman

It's disgraceful that you come to an erroneous conclusion without investigating the meaning of the figures. Ask the question tomorrow and you will get the complete answer....I have previously asked it and since I am not an accountant did not completely understand the answer. However, the absolutely clear message from the company is that it's not something to worry about!

[napoleon 14th] 15/11/2021 12:40

Thanks, Nobby. "potential medical liability payments which never actually materialise"
makes it a question for tomorrow's session to identify what appears as more nebulous than thick fog...
It's also a major balance sheet item...as per marvelman's post.