Totally Share Discussion Threads

[fast lane] 13/1/2024 14:07

If you want to understand why water is so essential.
H2O

Look at this symmetry

PHI



36, 36, 108.



LOOK AT THE NEW DESIGN FOR THE CANAL FROM GAZA TO AQABA.

FREE RENT FOR THE ZIONISTAS FOR EVER.

SUEZ EXTINCT.

BUT THEY DON'T GET IT. LIKE ALL YOU MORONS.


“The Absurdity of Government is Baffling”




Listen to your government. Then you will die.

[1gw] 13/1/2024 13:34

If anyone would like to do some actual analysis, the Vocare Limited and Greenbrook Healthcare (Hounslow) Limited accounts (FY23) have both just been uploaded on to the Companies House site. See what you can find of interest...





ps: Totally Healthcare Limited as well:

[sikhthetech] 13/1/2024 13:24

TLY's diversified business model.. lower demand for one division, higher demand for the other.

TLY diversified business model:
Urgent Care
Elective Care
Company Wellness


Elective surgeries cancelled, NHS 111 calls surge
The elective operations will still need to be performed sometime in the future, so even more business to come.


Everyone needs healthcare




Junior doctors’ strike led to more than 110,000 patients in England having care cancelled
Impact of six-day stoppage means NHS has had to rearrange more than 1.3m appointments over past 13 months


"In all 113,779 appointments were cancelled. That total included 104,551 outpatient appointments and 9,228 elective – or non-urgent – operations. But the true number of appointments postponed is “likely to be even higher in reality”, Powis said, because many hospitals now scheduled less care on days when junior doctors would be on strike."

[cupra kid] 12/1/2024 17:46

Everyone needs water so bought into Severn Trent today lol

[pierre oreilly] 11/1/2024 16:18

That's another one of your weird posts shreek.

Yes, everyone needs healthcare.

Everyone needs food, but it doesn't mean you should buy the food retailer you happen to hold.

Your posts are often so vague as to being beneficial to tly they are pointless. I guess you're stuck for any real substantive reasons to buy tly. At least we have that in common.

----------------------------

I don't like vagaries. I don't like (the several) hints such as 'the directors are helping with the cost cutting'

Why not 'directors have taken a 50% pay cut'? (because they haven't).

Why not the details of exactly what sacrifices the senior management have made to help with the current cash position?

Could you find that relevant info shreek? As opposed to your extremely vague posts?

I doubt the management have any loss at all over whatever help they are giving to cut burn rate. If they take say a 3 grand decrease in salary for 3 months, I bet they will be compensated by much more than that in 3 months time.

Beware vagaries, and value straight factual disclosure talk.

[sikhthetech] 11/1/2024 14:18

NHS England waiting list 7.61m v 7.71m in Oct.
NHS Waiting lists higher than when pledge made by PM.
The govn will have to do more, including more use of private providers if they want to win the GE. The NHS is used as a political football when it's come to the GE.

Everyone needs healthcare.



NHS waiting list even higher than before Rishi Sunak pledge
The PM ‘increasingly unlikely’ to hit target to reduce the waiting list – as pledged a year ago – with just months until April deadline


"Fresh data from NHS England shows the waiting list for routine hospital treatment in England has fallen for the second month in a row, from 7.71m in October to an estimated 7.61million in November."

"But analysis shows the waiting list stood at 7.21million when he made the pledge at the start of 2023. There would need to be a 400,000 drop in the December 2023 data – which is not yet published – to return the waiting list to what it was when the pledge was made, let alone cut it.

The statistics – which relate to the period before the latest round of junior doctor strikes – also show a number of other key NHS targets are being missed, including on cancer, ambulance handovers and the number of patients waiting longer than 18 months for treatment."

[sikhthetech] 10/1/2024 22:03

1gw

"That looks more like a reduction of up to £7m doesn't"

That's rubbish. The original contract was for £10m, the new for £13m. That's a 30% uplift. As they have stated before, they have clauses for uplifts if there's significant demand more than expected, which is what looks like happened here.

Why would they give an update on revenue? They've already said only 6 weeks ago, they are expecting upto doubling of revenue on the original contract of £10m.

Are you expecting they give an update weekly/monthly and if not then it's 'significant', according to you? Really? Sounds like more desperate, fiction stories to me.

[1gw] 10/1/2024 21:21

So at face value they've gone from old resilience contracts of £10m base (Feb'23 to Feb'24) + up to £10m additional (Oct'23 to Mar'24), to £13m base (Feb'24 to Feb'25).

That looks more like a reduction of up to £7m doesn't it in terms of financial year revenue from 111 resilience contracts (FY25 vs FY24)? They may be hoping again to be awarded additional 2024/25 winter capacity nearer to the time but that may have to be bid again if the additional capacity hasn't been committed at the same time as the base contract renewal.

Do you not think it is significant that they did not update (in this morning's RNS) on the revenue to date from the additional winter contract, which is now more than 1/2 way through?

[sikhthetech] 10/1/2024 20:07

1gw,

"So how does the £13m relate to the statement in the interims about potentially doubling the original value thanks to the additional winter capacity?"


The contract is to provide resilience during the year. The contract values are circa based on expectation of that service. If there is higher demand than expected then the actual amount could be higher.

The potential doubling of original value refers to the original, current, contract up to March 2024.
The new contract extension with c£13m, 30% uplift, refers to the new extension starting next month.

You clearly don't understand nor read company newsflow correctly.


H1 2024:
Note the word "Original", "Additional capacity agreed" "Winter Months"
(The "March 2023" reference is clearly a typo, as previously noted)

" Fully mobilised GBP10 million contract announced in January 2023 for NHS England 111 Resilience support. Post period additional capacity mobilised to ensure resilience during winter months."

"The additional capacity agreed for the period 1 October and 2023 to 31 March 2023 has the potential to double the revenue originally confirmed for the original NHS 111 resilience contract."

[savagedstock] 10/1/2024 15:59

re post 20961....

yes agreed, good news on a contract extension. Guessing the uplift is to cover the inflation increase, so will help.

Will listen again to the results presentation, positive they have cut costs, (though didn't get a feel of how much), interesting to hear the Board have shared in the pain....if no cash raise then should support a bounce......

this is now a trade imo, rather than a lock away and leave. am looking to accumulate a few as it not the worst i have seen in this sector. a lot of sme tech driven companies are now going bust, so if it can get its act together, should be able to pivot into higher margin areas....

much will depend on the new chairman.....

[pierre oreilly] 10/1/2024 15:53

sikh,

Currently, the existing contract to which the recent news is an extension, is bringing in money - so why did tly report a nigh on 2 mill loss in the most recent accounts? not sure, with rising costs, even the higher value will reverse the loss. Afterall, tly has rising wages, and this extension requires 'higher commitment' and presumably must satisfy the 'growing demand' for the 111 service. That seems to imply additional resources for tly above the normal inflation increases - maybe not to you obviously, but it does to me.

Any idea of the increase in staff tly must commit to this extension?

I'd expect the cash to come in for the first month's service from feb probably around June (3m after the first invoice). That probably, to me at least, means cash being drawndown from their loan facility before then if they choose that route, or alternatively maybe a placing if they want to also fund the expansion you talk about. Whatever, cash atm doesn't look great and the extension doesn't alter that for several months.

[bountyhunter] 10/1/2024 15:32

£13m, that's more than the market cap right now, will this ever recover!?

[jugears] 10/1/2024 15:10

Don't get too excited, 13 million is peanuts in the grand scheme of things, what the bottom line is is what counts, I just hope they have negotiated a better deal than in the past or will this be another loss maker??

[pierre oreilly] 10/1/2024 13:23

Obviously the contract signing is good, but entirely expected, news - it enables the debt facility to be more likely available for tly to draw upon until the contract itself provides some cash flow. Whether the eventual cash flow exceeds the cash burn rate is the important question. In any case, this being an extension means the current burn rate is net of the cash from existing 111 contract, i.e. the extension merely maintains the cash burn, not improves it, afaics.

This extension must have been worked into projections - it's the bread and butter contract. If this hadn't been renewed, it seems pretty obvious where tly would go without it.



The framework agreement the nhs undoubtable has with tly requires due diligence - and when I was involved with contracts with the sort of equiavlent nat grid, due diligence in part meant the contractor had to establish a few years of good profitability (the nhs or ngc don't want contractors going bust on them half way through a contract).

Not sure tly would pass, having recently declared a loss) this element of due diligence if for some reason ot had to be performed officially again. Could you throw light on this shreek?

[sikhthetech] 10/1/2024 12:30

Fantastic to see the resilience contract being extended and with a 30% uplift.

It proves the NHS trust TLY to deliver. It proves the diversified business model is working.


£10m mcap with £100m+ revenues.

[parob] 10/1/2024 10:29

So 30% uplift in value of this contract extension.What would really secure a shift in sentiment would be some brand new contracts so fingers cross for some over the coming weeks.

[1gw] 10/1/2024 10:09

They have no debt???

They have £2.5m of "borrowings" on the balance sheet, a further £2.8m of lease liabilities and a total of £15m reported (but I think more probably £12m actual) net current liabilities. All as of the interims balance sheet date, 30th September.

[parob] 10/1/2024 10:06

Yes I agree I think the risk/reward from this level is favourable.Incoming chairman who has now started must have thought the same as he spent over £85K in the past few weeks buying 1.5M shares at an average above today's price Stonehage also increased further following the interims.Link to full presentation here for anyone interested:hTTps://youtu.be/uTWJEQ9git0?si=BY2xDKocCQLunXU1

[bmcollins] 10/1/2024 10:01

@GBCol/@parob
I agree, it is a shame this BB has so much emphasis on petty disputes instead of being about TLY & its prospects as an investment!
I watched that recent webinar they did again closely yesterday to see if, in the light of the current SP, they were still worth holding & I ended up with a good feeling about them & made a timely (but far too modest) top up.
I think for people swaying it is well worth a second viewing given the current SP, I found the 3 directors on it to look competent & keen to control costs in this climate, witness what I assume must have been a very cheaply produced webinar but given to inform shareholders & keep them up to date. Far too few boards do this imho.
And they have no debt, a massive plus in my book for this type of stock.

[1gw] 10/1/2024 09:57

So is that additional £3m enough to cover the loss of SSOT contract revenue if Totally's SSOT contracts are considered non-viable without the regional Midlands 111 contract?

And why is there no mention of the additional revenue that they flagged in the interims ("potential to double the revenue originally confirmed for the original NHS 111 resilience contract")? Does the contract renewal not include terms for this additional winter capacity next winter? Or is that what the "extra" £3m is for?

[parob] 10/1/2024 09:46

Totally Awarded Key NHS Contract Extension Valued at £13 MillionhTTps://www.voxmarkets.co.uk/articles/totally-awarded-key-nhs-contract-extension-valued-at-13-million-efb424e/In a significant development for UK healthcare, Totally, a premier provider of frontline healthcare services, has been granted a noteworthy extension to its contract with NHS England. This extension, valued at approximately £13 million per annum, will continue Totally's role in providing national contingency support for the NHS 111 service, a crucial component of the UK's healthcare infrastructure. The contract, initially set at around £10 million per annum, was first announced on 16 January 2023. The extension, effective from 16 February 2024, marks a substantial increase in value and commitment, reflecting the growing demand for NHS 111 services. NHS 111 plays a vital role in offering healthcare advice and access to urgent care through telephone services, addressing a wide array of healthcare needs. Totally plc, through its subsidiary Vocare Limited, part of Totally Urgent Care, has already made a considerable impact.??Wendy Lawrence, CEO of Totally, commented on the company's achievements, "To date, we have answered almost half a million calls as part of NHS England's National Resilience programme. These are calls that would have otherwise gone unanswered, leaving those in need without crucial support.??The extension of the contract until February 2025 solidifies Totally's position as a central figure in the delivery of NHS 111 services."

[1gw] 10/1/2024 09:32

In terms of contract renewals, I am keeping an eye out for news of SSOT (Staffordshire and Stoke on Trent) contracts in light of the University Hospitals of North Midlands meeting minutes which queried the impact on Totally's SSOT 111 & GPOOH services if Totally did not get the regional 111 contract (post 20461 for details).

It looks from this SSOT ICB report dated 27th November, that the regional 111 contract may be heading to Derbyshire Health United Healthcare, a not-for-profit organisation.



"Derbyshire Health United (DHU) Healthcare has moved to preferred provider status for the NHS 111 contract covering the entire Midlands region and will begin the process of agreeing and signing of a new contract to cover the System. "

The same story with a few more details in this blog:


"DHU announcement as NHS 111 Provider West Midlands

Following a robust national procurement exercise, NHS Derby and Derbyshire Integrated Care Board (ICB) and NHS Black Country ICB are pleased to confirm on behalf of all Midlands ICBs that DHU Healthcare has moved to preferred provider status for the NHS 111 contract covering the entire midlands region.

DHU Healthcare is the long-standing NHS111 services provider for the East Midlands and has also more recently held the similar contract in parts of the West Midlands. The contract will deliver consistent patient pathways to our patients, improving their patient experience and supporting a positive patient journey to achieve the vision of right care, first time at the point of access.

As the preferred bidder, DHU Healthcare will now work with ICBs to agree and sign a contract that will last five years. Once signed, the new contract will cover more than 11-million patients across 11 ICBs."

[parob] 10/1/2024 09:04

Yeah it's such a shame.Let's hope we see some further buying by institutions over the coming days & weeks.Liontrust and Stonehage Fleming were the last ones increasing in Oct and Dec 23.

[gbcol] 10/1/2024 08:48

Absolutely Parob. This BB is pretty much trash now, which I guess was the intention.

[parob] 10/1/2024 08:10

Double bottom on chart.Hopefully we see some further contract announcements over the coming weeks to help boost sentiment. Current sentiment here not helped here by STT trashing other stocks like HVO (which I also hold) and those holders coming here and the lse bb to trash TLY and get revenge.