Totally Share Discussion Threads

[nigeldoug1] 02/2/2023 13:45

The volunes havent been particularly high and I would think the large holders have held their positions.

[sikhthetech] 02/2/2023 13:11

1gw,

After buying Pioneer Health, the company merged their own Totally Health division with it. Pointless having 2 subsidiaries doing the same work, is there? The merger would mean changes to their working capital model, as they were merging their own division into the company they bought. Which is exactly what the company said:


"-- Cash position of GBP7.4 million at 30 September 2022 (31 March 2022: GBP15.3 million) reflecting the impact of changes in our working capital model and accelerated growth"


That was months ago, why mention it now? You're not trying to seize the opportunity of the share price falling and you being mischievous, are you? Honest.



You still haven't answered...
how many multiple ids do you have and why?


For someone who portrays themselves as being reasoned, you have an appalling performance record.
Down 70% or bust.

You make dodgy 2nd hand car dealers sound honest...
;-)

[sikhthetech] 02/2/2023 12:49

Barkboo,

There were hundreds of sells over the daily since last. There aren't hundreds of PIs.

It's not the scaffolders making hundreds of trades to manipulate the sp, is it?
The blnx(trmr) gang just happen to turn up at the same time as all those trades.
Not a coincidence, is it?
Honest guv.


BARKBOO - 30 Oct 2012 - 09:25:38 - 23685 of 27952
Listen - I make on average 500-600 bets a day on horse racing indexes, a lot more on big meeting days. I know how to achieve an edge, I vary rarely lose!

If that edge climbed to several 100% profit every day as opposed to several %, the betting patterns would show up, and the foul play finger could be pointed straight at me, I would pay the price!


THEN THE GANG WITH THEIR MULTIPLE IDS CAN CONTINUE TO LIVE IN NICE HOUSES.

BARKBOO29 Jan '20 - 14:25 - 1007 of 1007
With today's news - I have a whole gang of friends with six figures waiting to attack a moody Tosca low volume sting back....


BARKBOO - 01 Nov 2018 - 07:02:48 - 7292 of 7798
"The family manage to have nice houses, cars, holidays and social lives - we have had two or three big pay days here, with the fourth on its way - it sounds to me like you traded your pot like the others on here..and like the rags, you done a bit of swirling!





and your Nano mate, Paul Planet Earth claims TLY have gone into administration.
Where's the announcement? That was a blatant lie, as well, wasn't it?

Paul Planet Earth - 24 Jan 2023 - 14:29:59 - 19398 of 19543
<...>
JUST GONE INTO ADMINISTRATING OLD CARE HOMES!..DYOR!

As to Nano:

Well, I posted facts and opinions based on those facts.
Do you and your mates have a problem with someone posting opinions which differs from yours?
WHY?




Nano Mcap £120m on the HOPE of a legal 'settlement'.

TLY Mcap £45m with £122m revenues, cash and pays dividends.

[marvelman] 02/2/2023 11:08

GW...you are not missing a thing...and your posts demonstrate quite the opposite...some of us have been drawing attention to the tenuous nature of the Balance Sheet for some time. Net negative assets taking out the Intangibles with cash substantially represented by advanced deposits. On top of that we have Directors who appear to have been very "fortunate" in their dealings prior to this debacle. The market reaction is telling.

[888icb] 02/2/2023 10:28

The lawyers may simply be assisting with the TUPE issues in relation to the transfer of the contracts. There is a lot of work to do in a short space of time to speak to all the employees and transfer their contracts of employment. I think the speculation about this matter is unhelpful and has caused a ridiculous fall in the share price as traders see an opportunity to make some money. Once the situation is resolved the share price should quickly return to its former level.

[1gw] 02/2/2023 10:25

Just trying to get my head round the cash position here. As far as I can see:

£7m cash at 30th September
£5m paid out in contingent consideration/adjustments to Pioneer sellers
£1m paid out in dividend (final)
£1m to be paid out in dividend (interim)

Net cash flow from operating activities in 1H was an outflow of £6m, driven by working capital outflows, in particular due to growth and high debtor days at Pioneer.

But management expects the Pioneer working capital position to "normalise" over the coming quarters.

They appear to be counting on a big turnaround in operating cashflow between 1H and 2H, and yet look to have just lost the big NW London UTC contract and whatever working capital benefit that involved.

Am I missing something?

[nigeldoug1] 02/2/2023 10:05

The legality sounds to me about the termination of the contract. I cant believe either party wants to end up in court!

[pugugly] 02/2/2023 09:19

grahamburn re 19535 :- Very fair point . My red flag in respect of lawyers - either way - ( from experience) is that they are usually very expensive - tie up managers time and many love nothing more than going to court - this racks up their fees.

Far better to keep away from the courts as can very much be a toss-up either way and should only go there as a last resort.

MY only hope for current holders is that they have gone to Leading Counsel - and even they can get it wrong at times.

[1gw] 02/2/2023 09:05

"The ICB will be working with Greenbrook on a mobilisation plan between now and the contract commencement date to ensure the contractual requirements are met. "



In the light of the Health Service Journal article citing "performance concerns" I had a look back at previous new contract awards for UTCs and was struck by the above wording on mobilisation for the 12th December 2022 RNS. This was for a "new" contract covering 2 UTCs, but was to replace an existing contract that Totally already had for those two UTCs.

Why would anyone feel the need to add the phrase "to ensure the contractual requirements are met" if there were no concerns that this might be an issue?

Although other new contract award RNS's do sometimes have references to mobilisation, this wording appears unusual. I found it difficult to find awards of other new UTC contracts in recent times (just lots of extensions), but an RNS on 2nd August 2021 simply stated "Plans to mobilise the new service are already underway in preparation for commencement of the Contract" and before that an RNS on 11th October 2019 for a new UTC contract didn't mention mobilisation at all afaics.

[digitalis] 02/2/2023 08:57

Sikhs an expert that knows more and more about less and less until he knows everything about nothing

[thordon] 01/2/2023 21:38

Well Totally agree , we are in the dark on this matter.
It appears the contract have been awarded to a company that needs improvement but not on Totally Good Rating.
You pay what you get for value in contracts.
Contracts have been given due to poor standards of others , suspect we may be revisiting old contracts in the future.

[grahamburn] 01/2/2023 18:35

PUGUGLY

In your post earlier (19525) you quote from the second RNS from the company on the current issue with the contract as follows: "The Group continues to work with legal advisers on this matter."

Most people on this board have taken this to mean that the group is taking legal advice on the end of the contract. That may well be the caae.

However, it is possible that there is a different interpretation, given an article in the Health Service Journal about Totally a few years back (referred to by someone earlier last week). After a formal complaint by Totally regarding that earlier article, the HSJ were forced to issue an apology.

Perhaps - and only perhaps - the legal advisors are providing guidance on the recent article and not the contract. After all, the end of contract - extended in July until 31 January - was a fairly straghtforward matter so may not require legal advice.

This is only an alternative view of your highlighted sentence which is not based on definitive information, so should not be taken as a fact: just a possibility.

[pugugly] 01/2/2023 16:31

Says all that needs to said


Share Price Performance
Sample Period † High Low
1 week 30.75 24.15
4 weeks 37.50 24.15
12 weeks 37.50 24.15
1 year 49.00 24.15

11 day constant faller

[the ghost who walks] 01/2/2023 16:17

Follow the company news flow sik

[owenski] 01/2/2023 14:57

Still dropping like a stone, good to see, should get their act together and stop losing contracts.

Karma

[sikhthetech] 01/2/2023 14:55

1egal

"he wouldn't attract people settling personal scores with him. Sickothetech maybe you'll learn a lesson one day be careful what you wish for!"

You mean I shouldn't post FACTS about Polg had a mcap of £50m with ZERO revenues!!
or on HVO, Finncap the broker had a tp of 44p and it's now 35p.

Yes, sorry if facts interfere with your agenda.

Polb: Mcap was £50m with ZERO revenue


Or HVO - Finncap had target price of 44p last year, now they have 35p


or Byot - where 1gw was ramping, over playing the potential, even though company/sector newsflow suggested there were concerns:



"you'll learn a lesson one day be careful what you wish for"
What lesson would I learn?.
Is bullying and threats the way you and your mates get your way in society?

Most civilised people with 1 brain cell would actually be grateful for bull/bear points so readers can decide for themselves.
;-)

If the bear points can be countered, it makes the bull case stronger.
If the bull points can be countered, it makes the bear case stronger.

[owenski] 01/2/2023 09:44

Big trust issues hanging over TLY with performance standards in question.

Karma

[owenski] 01/2/2023 09:27

Another superb post worth repeating on this thread -

1gw 1 Feb '23 - 08:15 - 19531 of 19531
0 1 1
"The areas where the provider must make improvements as they are in breach of regulations are:

o Ensure that care and treatment is provided in a safe way to patients."

(link to CQC report in post 19491)

The problem IMO with the Health Service Journal piece drawing attention to “performance concerns” is that it is likely to make those awarding future contracts more aware of the detail of the CQC Northwick Park report on Totally’s performance, rather than just the headline “good” rating. So I think it is difficult to argue that it won’t have a reputation impact, pending a more comprehensive rebuttal by Totally.

Of course, if Totally can’t meet performance standards at acceptable margin then it could just try to move away from urgent care contracts towards other types of contract which it can make work both financially and operationally. But it may be constrained by its balance sheet (net current liability position) if this means replacing urgent care contracts (which appear to provide early cash) with insourcing/outsourcing contracts with more traditional working capital models. Note the reference to “the impact of changes in our working capital model” in the interim results.

Karma.

[1gw] 01/2/2023 08:15

"The areas where the provider must make improvements as they are in breach of regulations are:

o Ensure that care and treatment is provided in a safe way to patients."

(link to CQC report in post 19491)

The problem IMO with the Health Service Journal piece drawing attention to “performance concerns” is that it is likely to make those awarding future contracts more aware of the detail of the CQC Northwick Park report on Totally’s performance, rather than just the headline “good” rating. So I think it is difficult to argue that it won’t have a reputation impact, pending a more comprehensive rebuttal by Totally.

Of course, if Totally can’t meet performance standards at acceptable margin then it could just try to move away from urgent care contracts towards other types of contract which it can make work both financially and operationally. But it may be constrained by its balance sheet (net current liability position) if this means replacing urgent care contracts (which appear to provide early cash) with insourcing/outsourcing contracts with more traditional working capital models. Note the reference to “the impact of changes in our working capital model” in the interim results.

[legaleagle66] 31/1/2023 22:48

Sickothetech is getting very desperate now, especially on his LSE thread. Sickothetech has pi$$€d a lot of people off trolling on Hvo, Polb and other boards..it's a shame he doesn't just stick to the boards he has shares in and then he wouldn't attract people settling personal scores with him. Sickothetech maybe you'll learn a lesson one day be careful what you wish for!