Totally Share Discussion Threads

[macthepak] 06/10/2017 11:43

This is a bad purchase.

All you will hear is Vocare has this many millions in revenue, this many patients and and covers these parts of the country.

The one thing you will not hear is that Vocare has a negative free cash flow. They are bleeding money!!

[sikhthetech] 06/10/2017 09:59

New FD, Lisa Barter.. Don to become non-exec director of enlarged group...


With effect from 24 October 2017 Lisa Barter will join the Board as Finance Director in conjunction with Don Baladasan (the Group's Existing Finance Director) moving to become a Non-Executive of the Enlarged Group.

Lisa Barter has been a chartered accountant for over 20 years and has extensive finance experience having spent the last 13 years working in finance in the independent healthcare sector. Prior to joining Totally in August 2017, Lisa was the Head of Divisional Finance for the healthcare division of Care UK and was employed by Care UK for over 10 years in a senior finance capacity. Care UK is England's largest independent provider of NHS services and has a diverse portfolio of healthcare services which include elective surgery treatment centres, provision of healthcare in UK prisons, urgent care centres as well as OOH and NHS 111 services. Lisa also played a key role as Financial Controller at Mercury Health Ltd during which time she established a team and implemented finance processes and systems prior to the company's acquisition by Care UK in 2007. The healthcare division of Care UK continued to grow to become a GBP380 million revenue business. Lisa started her finance career at Ernst & Young in 1990 where she qualified as a chartered accountant and she has also held roles as finance manager in both Hewlett Packard and Oracle.

[sikhthetech] 06/10/2017 09:41

Good mix of revenue sources...majority of revenue from OOH services...

"For the year ended 31 March 2017, the NHS 111 services provided by Vocare generated revenue of GBP21.8 million representing 28.4 per cent. of Vocare's overall revenue (year ended 31 March 2016 - GBP15.3 million)."

"For the year ended 31 March 2017, the GP Out-of-Hours services provided by Vocare generated revenue of GBP31.1 million representing 40.6 per cent. of Vocare's overall revenue (year ended 31 March 2016 - GBP30.0 million)."

"For the year ended 31 March 2017, urgent care centres provided by Vocare generated revenue of GBP16.5 million representing 21.4 per cent. of Vocare's overall revenue (year ended 31 March 2016 - GBP7.9 million)."

[sikhthetech] 06/10/2017 09:31

"Vocare has experienced substantial revenue growth with revenue growing from approximately GBP32.4 million in the financial year ended 31 March 2015 to approximately GBP76.8 million in the year ended 31 March 2017 (equivalent to 137 per cent. growth over the two financial years). This revenue growth has been driven by Vocare securing substantial new contracts covering both NHS 111 services and urgent care."

[sikhthetech] 06/10/2017 07:55

Excellent acquisition... adding Urgent Care to the existing businesses.... Also adds a £76m to revenue..I think it will be a very interesting day...

[cumbrian2] 06/10/2017 07:42

looks like a good acquisition today - suspension lifted. could be an interesting day!

[sikhthetech] 01/10/2017 12:38

Porky,
yes,

"Diversify"... so more opportunities to sell existing services as well...

"address some of the challenges the UK faces in terms of healthcare" - and these challenges are regularly in the news and mentioned by Political parties... Even on last week's Question Time, there was a debate about healthcare...

[porky8] 30/9/2017 21:43

Significant scale ..
We are confident that, when completed, the acquisition will add significant scale to the Group and diversify the services provided by the Group, as well as see us continue to deliver on our stated vision of building Totally as the pre-eminent provider of out of hospital services to help address some of the challenges the UK faces in terms of healthcare and in turn deliver shareholder value through the growth of the Group.

[sikhthetech] 29/9/2017 12:07

More acquisitions planned...

"<...> in addition to finalising our near-term acquisition, we continue to seek out and have a number of further opportunities in the pipeline as we continue to build a profitable platform for growth for the Group."

[sikhthetech] 29/9/2017 12:00

Looks like MyclinicalHealth hasn't really taken off as the BoD anticipated...

"Our existing businesses (Totally Health and My Clinical Coach), which were part of the Company prior to the formation of the new Board in November 2015 and subsequent buy and build growth strategy, performed below management expectations in the first half, but through the services they offer have been supportive of the growth in the acquired businesses ensuring streamlined costs and economies of scales to benefit the plc bottom line."

[sikhthetech] 29/9/2017 11:52

was hoping for takeover news.. Got H1 results....

looks like they are near completion - announcement due 1st half Oct...



"-- At an advanced stage of due diligence and finalising terms to complete an acquisition as announced 21 July 2017, which will constitute a reverse takeover under the AIM Rules - Totally to update market first half October 2017

"

[sikhthetech] 27/9/2017 18:59

Porky, it could be that arranging the finance took time and couldn't produce the document without the necessary info...
all speculation, we'll know soon enough... I hope it's worth the wait...

I agree with Edale, we might get the H1 results at the same time...

[porky8] 27/9/2017 16:34

Sikhthetech
Why do you think they suspended the shares ....... Im sure other companies carry on trading ......

[edale] 27/9/2017 09:25

Half year results were announced on 29th Sept last year so maybe a double RNS before the end of the week.

[sikhthetech] 26/9/2017 21:22

Porky, yes, leaving it very late...
They have exclusivity until this Sat...
It could be arranging finance options and producing documents that's taking time... although I would've hoped it was all done by now...


I suppose if it wasn't going ahead, they would have told us by now...

a big announcement but without a huge placing would be perfect... wouldn't be bothered by a smaller placing...

Let's hope we hear something tomorrow or Thurs...

[porky8] 26/9/2017 18:55

Sikhthetech
Bobs taking it to the wire ........ Likes to take his time ......
Big .. Big ..announcement ... Pleasssssse....

[sikhthetech] 23/9/2017 11:48

Thanks Edale...

[edale] 22/9/2017 17:48

Not a new holding :-

11. Additional information(xvi)
--------------------------------------------------------------------------------------
This disclosable event is as a result of the acquisition
of Hargreave Hale Limited by Canaccord Genuity Group
Inc., through its wholly-owned subsidiary Canaccord
Genuity Wealth Group Holdings (Jersey) Limited.

[sikhthetech] 22/9/2017 11:46

New holder, 4%

CANACCORD GENUITY GROUP INC


I assume the deal must have been completed and near being announced, if they are announcing new IIs..

[sikhthetech] 22/9/2017 11:32

They said exclusivity until 30th Sept, so should get an announcement next week...
I assume the takeover is still proceeding, otherwise they would have said so, according to their rns...


"Whilst the Company has entered into an exclusivity agreement until 30 September 2017 regarding the potential acquisition, any transaction remains subject to a number of factors, including completing due diligence and negotiations to the Company's satisfaction. "

"The Company's ordinary shares will remain suspended until such time as either an admission document is published or an announcement is released confirming that the transaction is not proceeding."

[geraldus] 22/9/2017 08:28

Two months now,must be one helluva deal.

[sikhthetech] 19/9/2017 14:52

Report reveals increased use of connected care technologies in UK

[sikhthetech] 18/9/2017 11:40

article from Aug...

Secret NHS cost-cutting drive to reduce hospital referrals revealed

[sikhthetech] 06/9/2017 17:17

Totally PLC About Health - £331,750 p.a. 4-year Contract

" this contract represents the first opportunity to enter into a formal partnership with such providers to deliver a truly integrated service to CCGs. It is an exciting opportunity to deliver better, more cohesive services and opens up new opportunities for About Health to work in partnerships with other NHS Trusts and roll this model out in other parts of the UK.""