Totally Share Discussion Threads

[grahamwales] 26/10/2017 22:41

As you say the reason for the holding announcement are the increase in overall shares which reduced their percentage.

Today’s largish sales could be small parties who also received shares in the recent takeover of Vocare.

[sikhthetech] 26/10/2017 22:34

I calc that Miton increased their stake by 163k shares...

[sikhthetech] 26/10/2017 21:27

savage, where did you get those figures from...lol
The holdings reduced due to the issue of shares to Vocare..
Note the date the threshold was crossed is same as date new shares were issued.. ;-)


also, you said you are very familiar with the issues Vocare need to deal with...

Can you please let us know what these issues are?

Plus why would they need to change Mem & Articles and re-tender for contracts?.. that's simply not true...


savagedstock24 Oct '17 - 16:56 - 1591 of 1624 0 1 Moderate | Ban
graham
but they certainly showed a LOSS...LOL...i know a lot about it thanks, and am very familiar with the issues vocare are meant to be dealing with....

so...if you buy a not for profit company, what are the hurdles you have to go through the change the Mem & Arts, re tender for all the contracts etc, as presumably TLY are a for profits company (though they have never made any).....not easy to change a CIC reliant heavily on handouts from the public sector..

[savagedstock] 26/10/2017 21:07

you had that already today
legal & general sold at least 0.14% of the company
Miton sold 0.59%

so abut 430,000 shares give or take. Wonder who bought them?

[sikhthetech] 26/10/2017 19:47

might get TR-1 for the 100k sells...

[sikhthetech] 26/10/2017 19:39

agree..
They had no problem in the placing, earlier in the year, when they announced they were looking at bigger opportunities... now they have bought Vocare...

They did exactly what they said they would...


"The Group has identified a strong pipeline of potential acquisitions in the UK outsourced healthcare sector. Of the identified pipeline, the Directors have a preferred list of four target companies although no formal approaches or negotiations have yet begun. The anticipated consideration for the pipeline of acquisitions identified by the Group ranges from GBP3 million to GBP15 million with the pipeline of acquisitions having revenue of up to GBP60 million."

[grahamwales] 26/10/2017 16:20

Bob seems to have major support from ii's. Don't think cash would be a problem if he wanted to buy something bigger next time.

[sikhthetech] 26/10/2017 15:22

graham, I agree with you... They took part in the April placing... I incorrectly thought there was a placing to IIs this time...

[grahamwales] 26/10/2017 14:56

Check out holding announcement dated 4th April 2017.

[grahamwales] 26/10/2017 14:44

Fill your boots finance director buying lol

[sikhthetech] 26/10/2017 14:16

I was looking at the Admission Doc, section 6.2... which I would take as the most up to date, as it's only couple weeks old... plus any changes mentioned in recent TR-1s...



From the doc..
their holding of 5,450,000 was unchanged pre and on admission..

now, as you correctly spotted, they have 5,650,000 9.33...



Section 6.2
Lombard Odier Investment Managers 5,450,000 10.38 5,450,000 9.11

[grahamwales] 26/10/2017 14:03

Looking at their holding announcement in April it looks like they bought in on the placing.

[grahamwales] 26/10/2017 13:56

Not looked at that did they not participate?.

Last shareholder list dated 11th October so they bought those 200k between then and now but we haven't come close to 200k worth of buys so where did they get those shares from.

[sikhthetech] 26/10/2017 13:29

re LO,
Why didn't LO buy during the placing?

[grahamwales] 26/10/2017 08:01

So how did pick them up in last 2 weeks or have one of the market makers overstretched themselves and now shorting in an effort to get the shares from price investors

[sikhthetech] 26/10/2017 00:10

graham,

well spotted.. you're right, Lombard have increased by 200k, 0.33%...

[grahamwales] 25/10/2017 21:45

Can either of you check Lombard Odiers holding I work it out that they have increased 200k from the last Investors list.

[grahamwales] 25/10/2017 18:17

Cumbrian

I keep topping up no where near your volume yet, but making headway. Not sure if you have seen vocare accounts for 2015/16 but made a significant profit. Since then revenues have increased substantially so wouldn't surprise me if they have made profits yet again for 2017.

Must be a reason directors are buying small quantities at the moment perhaps to build up their holding without alerting the market and pushing the price up to much.

Either way will keep buying as the months go on.

[sikhthetech] 25/10/2017 17:19

graham, true... maybe get some more TR-1s over the next few days...

[grahamwales] 25/10/2017 17:12

May even see some of the institutions buying to maintain their %.

[sikhthetech] 25/10/2017 16:43

Cumbrian.... expecting PR and guidance soon....

The GM was on Mon, so we have the adjusted holdings cause of the placing... Good to see Wendy buying some, albeit 4000 shares...

Now the acquisition is complete hopefully we'll see some more director buying???

[cumbrian2] 25/10/2017 15:59

Also added a further 18,274. Cant believe that Bob has bought a dud in Vocare and can surely turn such a high turnover into generating a ''reasonable'' EBITDA next year? They also still have a good cash pile for further earnings enhancing acquisitions although may want to digest this one first. All my instincts tell me this is too cheap but some positive news would be useful. Own 160K here and now in my top four holdings! Come on Bob - buy a few more for yourself!!

[sikhthetech] 25/10/2017 15:54

I've added a few as well...

[grahamwales] 24/10/2017 20:01

Vocare were due to declare results in December this year, so now they have been taken over they won’t need to.

Think about it the brothers were never going to make much money from Vocare. They profits had to be donated to the communities. So the only way they were ever going to be millionaires was to sell the company.

TLY would have sight of the accounts under due diligence and no doubt the only company to approach Vocare.

In 2016 Vocare made a profit after tax of over £400k on lower revenues than 2017.

If they know profits are good the million pound bonus is already in the bank and their shares will be worth millions more.