Totally Share Discussion Threads

[riverway] 31/10/2017 16:53

Sikh - the Allenby report also says the CQC has not yet changed the rating. There is a new plan that has been submitted, which the management hope will result in the CQC rating changing.
Any company that has received an inadequate rating will be running to stand still. There will be a spotlight on them, and even if they can turn the rating around, it is likely to affect the success of new tenders because of reputational issues within the NHS.

[sikhthetech] 31/10/2017 16:48

riverway,

The CQC report.. the issues pre-acquisition, reported by the CQC were already addressed... Bob said that the reason the DD took so long was because they wanted those issues resolved...
That's not to say more issues might arise but the ones that were known at the time of acquisition were addressed....
I would hope TLY/Vocare would address any other issues in the future...and given Vocare BoD are still there to manage the transition and issues, I would expect them to resolve any further issues..


Again, How well do you know Vocare? What are the issues you are referring to? Maybe we can find out if they are still outstanding.

[riverway] 31/10/2017 16:47

Sikh - Totally PLC is an Aim listed company listed under healthcare. It has a board that among other things looks at the future strategic direction of that company. As I mentioned before I am surprised they do not have a medical director on that board. For a healthcare company that is extremely odd.

[sikhthetech] 31/10/2017 16:42

riverway,
I answered that...

Totally Plc is a HOLDING company...
why do they need a Medical director for a holding company?

The company was also a holding company for Totally Communications, remember?

[grahamwales] 31/10/2017 16:42

As for Vocare problems they are well on their way to getting them resolved. As per the Allenby report.

Ignore this clown he is getting a bit worried that he might not be able to close his short.

New director deal will hit the press tomorrow so let's see what attention it gets

[grahamwales] 31/10/2017 16:37

Sikh

Your wasting your time with this idiot, he's probably got a short open and trying to justify it pmsl.

They now have 2 FD's so I'm not sure what River is getting at. No doubt once the new FD has got her feet under the table the old FD will move into the background.

This is soon to be a £100 million revenue company. Looking good here long term and will be holding for at least £5 per share increasing my holding as the months go by.

[riverway] 31/10/2017 16:37

Sikh - again I am not sure if you are being deliberately obtuse but a CQC rating of inadequate is pretty damning to a private healthcare company. Vocare has three such ratings. Vacare has apparently submitted a new plan but th CQC ratings have not yet changed. Certainly the NHS authorities will be taking the CQC ratings very seriously because they will have to take the rap for giving the contract to that cmpany.

[riverway] 31/10/2017 16:32

Sikh - I’m not sure if you are being deliberately obtuse but I made it very plain that I am surprised there is no medical director on the board of Totally PLC. Currently there is no medical director on the board of Totally PLC.

[sikhthetech] 31/10/2017 16:31

riverway,
how well do you know Vocare?
what issues do they have to resolve?

[riverway] 31/10/2017 16:31

Sikh - yes I do know Vocare and yes I do understand in great detail the major negative effect the CQC inadequate ratings have had on the reputation of that company.
Both BT and Capita have suffered from large NHS contracts being terminated early (not Npfit, which BT actually completed as it was not taken away from them). Any contract that has a CQC rating of inadequate is in danger of being terminated early. Totally may have hear contracts at the moment but if they cannot turn the CQC rating around they will almost certainly lose them.

[sikhthetech] 31/10/2017 16:27

Totally plc are a HOLDING company....

Totally Health has a Medical Officer,

Look PPH also has a medical director...
How many do you want to see?..

[riverway] 31/10/2017 16:24

Sikh- the current FD is leaving his operational postion. He is taking a non exec postion. Lisa Barter has yet to prove herself in the Totally PLC environment.

[riverway] 31/10/2017 16:23

Sikh -you have found a Medical director but as I said there is no medical director on the board.

[sikhthetech] 31/10/2017 16:22

riverway,


FD leaving, new one has to prove herself...
No...Don is not leaving, he's staying on as non-exec... he has a positions in several companies and I would have thought TLY needed someone full time...
Lisa is coming from Care UK and has over 10yrs experience of working at Care UK, in healthcare... she's also worked at EY & Oracle...

[sikhthetech] 31/10/2017 16:12

riverway,
no medical director... so you never checked before questioning...

There's Chief Medical Officer...

[sikhthetech] 31/10/2017 16:05

yes, email Wendy, you have her email address....

[grahamwales] 31/10/2017 16:04

River

E mail Wendy I'm sure she will answer any questions you have

[sikhthetech] 31/10/2017 16:04

riverway,

well you couldn't have read the documents, if all your questions still stand... Have you any experience/knowledge of Vocare?


BT & Capita, you mention these... yes, NPfit (I'm assuming you know what it is) was a huge disaster... loss of hundreds of millions by Labour govn on a project which was always doomed to fail from day 1...
There has always been waste at govn depts...
A&E consultants are very expensive to treat non-life threatening conditions or ltc, aren't they? These should be managed outside of A&E, which is where UCC are needed..

[riverway] 31/10/2017 15:57

Thanks Sikh- yes I have read the documents and my questions still stand. They have not been adequately addressed by the Allenby report.

[grahamwales] 31/10/2017 15:55

Bob buying again

[sikhthetech] 31/10/2017 15:54

Bob bought 50k shares yesterday @ 40p...

and if you look at the trades...50k was showing as a sell...

[sikhthetech] 31/10/2017 15:48

Riverway,
Have you read the 2 documents, Admission Doc and Allenby Notes. They answer most of your comments?

[grahamwales] 31/10/2017 15:26

As I said Wendy confirmed that contracts do not have to go back out for tender. Everything stays as it is and Vocare will be keeping its name.

All good and very excited at recent takeover.

[riverway] 31/10/2017 14:48

Sikh - they may not have to retender for contracts as that takes a lot of work, money and time on both sides - Totally and the NHS- but there is no doubt that the NHS side will be looking closely at Totally’a takeooever and management of the contracts.
All of the contracts will have early termination clauses which can be activated for many reasons and they will also have severe financial penalties if Totally don’t perform. This has happened to large organisations with NHS contracts such as Capita and BT. Totally will have to find excellent managers to turn the CQC ratings of inadequate. They will not be cheap. Also Vocare being a not for profit has relied upon goodwill from both the local staff and NHs to gain the contracts. This attitude from the NHS is likely to change with a for profit company.
My reservation is does Totally have the right calibre of operating staff to a) attract the right staff at the right price? b) the expertise to run such a large company efficiently?and c) the experience to turn around the CQC’s inadequate rating?

IMO the answer to all three questions is currently no.

There are also many changes within Totally - the FD is leaving and the new one has to prove herself. The CEO has no experience of running such a large company, and I am surprised that they do not have a medical Director on the board. Bob has a good track record and he is acting as good chairman in raising the funding but he can’t do the operational stuff all by himself.

[sikhthetech] 31/10/2017 14:01

savage,

so where's the change in Mem & Articles and having to re-tender for contracts????
and where's all these issues that you are VERY familiar with and Vocare are meant to be dealing with....






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..