Totally Share Discussion Threads

[owenski] 24/1/2023 21:29

TLY is just a bloated wage machine.

[doobz] 24/1/2023 21:10

Isn't there an Investor presentation tomorrow, I'm sure the Bod will be clearing a lot of this up. Hope someone can watch and get a feel for how we are looking.

[doobz] 24/1/2023 21:10

Isn't there an Investor presentation tomorrow, I'm sure the Bod will be clearing a lot of this up. Hope someone can watch and get a feel for how we are looking.

[sikhthetech] 24/1/2023 20:50

ammons,

Oh look 15 contract extensions announced blocked together and not as you incorrectly claim they announce contract extensions immediately. So you're wrong and have no idea about the company or the way the NHS works

"Awarded extensions to 15 existing urgent care contracts amounting to c.GBP37 million in value, underpinning recurring income and reflecting the quality of service and strength of relationships with NHS partners"



They said in their presentation that they will have no hesitation dropping uneconomical contracts, which are not on their terms.


sikhthetech - 16 Nov 2022 - 11:26:51 - 19303 of 19456
Excellent investor presentation.
Honest, credible BoD.

Everything explained. All questions answered and not dodged like many other company's BoD do.

Well done Wendy and Lisa.

The presentation will be online later for those who missed it.

[ammons] 24/1/2023 20:33

Dearie me Sikh, stop trying to gloss over bad news. If the contract had been renewed because of TLY's wonderful performance they would have shouted it from the rooftops. If TLY had been performing well then they would have kept the contract. The contract "came to its natural end" because it suited the NHS to naturally end it due to TLYs poor performance. If TLY were any good then the NHS would have naturally re awarded it to TLY.

[sikhthetech] 24/1/2023 20:28

Thordon,

Absolutely, it was only 15months ago when HSJ published inaccurate story. After TLY corrected them and issued a rns, like today, HSJ removed the article.

We commented on it at the time.




And this was TLY's rns correcting HSJ. HSJ deleted the article.




Re PPE.
He's another troll. His "Nano" crashed 50% over past 2 weeks and he doesn't like me posting facts and opinions based on facts. Trmr(both BBs) is busy today gloating about TLY!!!

[sikhthetech] 24/1/2023 20:14

ammons,

You need to read the rns. It'll help you answer your questions.
My replies in bold.

"So the comment in the link regarding performance is of no concern"

The company released the rns to clarify that the contract came to a natural end. It's wasn't terminated early because of any concerns.

"So the company issued an RNS only after the news was published elsewhere"

They've issued the rns to clarify the contract end. The publication of the story was today.


"So the directors sold a good number of shares YESTERDAY when they must have been aware of this matter"

The HSJ was published TODAY. Look at the date in the story - 24th January.
If they had known about it beforehand then don't you think they would have corrected it beforehand and not spent money issuing a rns afterwards???
They announced news of the Employee Benefit scheme on 10th January, so 2 weeks before the HSJ story.

HSJ story - 24th January


Employee Benefit scheme - 10th January:



"So it is OK for the company to issue an RNS when a contract is renewed but they do not have to issue an RNS if a contract is not renewed."

Really. That's simply not the case. They publish contract news, sometimes in batches and not when a contract is renewed. This contract came to an expected end as per the contract, ie the contract was until 31st January 2023.

[paul planet earth] 24/1/2023 19:19

The more I look into TLY financials the more the similarities and risks look 'similar' to Carillion!

[paul planet earth] 24/1/2023 19:14

How is TLY going to maintain a 0.5p dividend paying nearly a £1m but earning little more on post tax profit...that's simply unsustainable having a near 100% dividend payout ratio!

No business pays out nearly 100% of its post tax profit!..there's nothing left in the tank to support growth let alone any cost rises particularly wage related!

[paul planet earth] 24/1/2023 19:08

Earnings look wafer thin have contracts been negotiated with contract revenues overstated but in reality we'll below cost base just to win the Government business..How do you justify paying a dividend of 0.5p when cash is limited and the cost base is rising rapidly with double digit inflation, crazy, unsustainable, what next dividend cut RNS to follow!

[paul planet earth] 24/1/2023 19:06

Auditors need to be called in what else is hidden away with these government contracts!

[paul planet earth] 24/1/2023 19:05

TLY no different to Carillion and that ended in tears!

[paul planet earth] 24/1/2023 19:04

This stinks to high heaven with directors off loading their shares a day before the RNS was released!

[baldrick1] 24/1/2023 18:53

On hindsight I sold @35p before this crash ..thanks to 24hours news on nhs crisis I saw danger. Sorry shik

[ammons] 24/1/2023 18:44

So the comment in the link regarding performance is of no concern
So the company issued an RNS only after the news was published elsewhere
So the directors sold a good number of shares YESTERDAY when they must have been aware of this matter
So it is OK for the company to issue an RNS when a contract is renewed but they do not have to issue an RNS if a contract is not renewed.

Smells bad.

hxxps://www.hsj.co.uk/quality-and-performance/ics-cancels-four-urgent-treatment-centre-contracts-after-performance-concerns/7034101.article

"ICS cancels four urgent treatment centre contracts after performance concerns"

[doobz] 24/1/2023 18:08

I think it was good tly released a statement straight away to share holders

[red army] 24/1/2023 18:01

Added to my position at these levels.

[sikhthetech] 24/1/2023 17:50

Dr Biotech,

"why it ended early",

It didn't end early.
The contract was until 31st January and so has ended as per the contract.


"TLY, a provider of frontline healthcare and corporate wellness services, has announced the signing of contract extensions for five urgent treatment centers in Northwest London.

The contract extensions are valued at a combined £19m and will run until 31 January 2023. They have been granted to
Totally's Urgent Care Division (UTC), which comprises wholly-owned subsidiaries Greenbrook Healthcare Limited and Vocare Limited ."

[dr biotech] 24/1/2023 17:38

It'd worry me. Its not the negligible financial hit of this contract finishing early, its the reputational hit that they will take and the potential extra scrutiny they will face elsewhere. Greenbrook has a large number of ICB/ICS contracts and its inevitable that whatever happened in NW London will soon be known across the capital. Of course as we don't know the details it may be fairly trivial, but it might not.

The same applies to the statement about why it ended early - could have been that they were ready to do so anyway, or that things were so bad they couldn't wait. Spin it as per your relevant position I guess.

[paul planet earth] 24/1/2023 17:33

This is such a disaster story, NHS cutting costs, dumping contracts, labour costs rising, TLY heading into losses as most of the revenue is used to cover overheads and paying wages with wafer thin contract margins feels like another dodgey Carillion business!

[muchodinero] 24/1/2023 17:23

Sickothetech, TLY looks to be going down the bedpan after todays contract update...oh dear!!!

[hybrasil] 24/1/2023 17:00

It’s the trouble of a site (which I really like,enjoy and use all the time) like this is that it does tend to attract nutters
I follow totally. I like the work they are doing and they are in the nature of things going to lose and win contracts
It doesn’t worry me in the slightest. It will probably improve their overall performance

[paul planet earth] 24/1/2023 16:56

Sikhthetech still hasn't answered my question why the share price has crashed 22%!