Totally Share Discussion Threads

[grahamwales] 31/1/2018 10:39

Cheers Nobby
Notice they are advertising for new medical director. They wil no doubt be able to bring experienced staff with them especially if they recruit from the NHS.

[sikhthetech] 31/1/2018 10:36

Nobby,

thanks for the writeup.. very interesting...

Margins are thin but hopefully, with new management and direction, there should be scope for improvements within Vocare to improve them....

I had read that Wales were planning to introduce NHS111 but didn't know NI and possibly Scotland were as well...

[1gw] 30/1/2018 23:19

Thanks for the writeup nobbygnome, sounds encouraging.

[nobbygnome] 30/1/2018 22:58

So why on earth is the company valued at only £25 million....

[microscope] 30/1/2018 22:19

Thanks Nobby much appreciated. Good to know that, as most of us here realised I think, Vocare is a superb acquisition that will enhance performance and reputation. Good to be in here ahead of the crowd :)

[nobbygnome] 30/1/2018 21:49

PS Forgot to say they are already cross selling between Vocare and the other businesses. For example if someone comes in to A&E and is redirected to the non urgent pathway run by Vocare, when the patient needs a physiotherapist, one of the 2 TLY physiotherapist companies is likely to be used.

[nobbygnome] 30/1/2018 21:36

So a very interesting discussion with the entire TLY team. It was good that Bob, Wendy and Lisa the FD were all there.

The most important fact I ascertained is that VOCARE IS PROFITABLE so is not draining the cash in the business! Yes the margins are thin at the moment but they are looking to improve the margins to high single digits in the near future. They said there was much scope to modify the organisation and processes within Vocare to improve the financial performance.

In addition, they are bidding for multiple new contracts associated with the NHS's move towards integrated urgent care contracts. There are only 2 companies who are currently licensed to bid for these contracts of which Vocare is one. Northern Ireland and Wales (and maybe Scotland) are also about to introduce 111 services as in England which means there are those contracts to bid for as well. So this means there are multiple further contracts Vocare will win in the near future. Apparently the biggest problem is having enough people to put all these bids together for the large no of contracts!

In terms of acquisitions they are being approached all the time by suitable companies. They are looking at 2 seriously but my feeling is that these won't happen in the very short term. They want the share price higher for if/when they need to raise more money for these acquisitions. In terms of the current share price they are as bewildered as I am as to the ridiculous low valuation. I think once it is clear that Vocare is not going to drain cash, there will be a sharp rerating. Interim finances to end of Dec will be published in March (because they are changing the year end to end of March) and these will show that Vocare is not a financial issue. The other businesses continue to win contracts but because of the relative size compared to the overall turnover, they have stopped reporting them individually. They confirmed all the other businesses are profitable.

So my considered opinion is that investing in this company is now a complete no brainer! It is clearly ridiculously undervalued and the management expect a rerating in the short term. IMHO it is a strong buy and I will continue to put my money where my mouth is!

GLA

Nobby

[grahamwales] 30/1/2018 12:56

Nice one Nobby

Wendy sounds a very nice woman.

[nobbygnome] 30/1/2018 12:52

At the investor meeting and TLY actually have a stand! I have spent the last hour chatting to Wendy, Bob and the finance director. I will write a report later but suffice to say my conversations were extremely positive. So much so that I bought the 10k which just moved the bid!

Nobby

[microscope] 29/1/2018 16:39

Certainly would be happy to see 60p Nobby. These things invariably seem to take longer than anticipated, but no doubt imho there's substantial upside here.Just an aside, Private Eye apparently has had a pop at Virgin Care's accounts. Basically Branson bankrolling them, they suggest. I'd say Totally are going to have no such issues, far better run imho

[nobbygnome] 29/1/2018 11:46

Yes you can sell up to 15k at 40.4p! Perhaps a big delayed buy will appear later.

[dave4545] 29/1/2018 11:33

Online spread is tight again. 40.4-41p..next to monitor 40-42p

[nobbygnome] 29/1/2018 10:58

>> microscope

No resistance up to just below 60p as far as I can see! Then we would complete a very nice 'bowl' formed over 4 months. Should be completed in the next week or so IMHO.

Nobby

[sikhthetech] 29/1/2018 10:47

I hope we get a video or transcript of the presentation...

[microscope] 29/1/2018 10:20

Pretty much no chart resistance imho to over 50p. Looks like another up-wave could be starting! :)

[nobbygnome] 29/1/2018 09:26

Likewise I couldn't get 10k. In the end 2500 moved the price. I am now being quoted 40.8p to buy 10k.

Chart looking good so onwards and upwards IMHO. It will be interesting to hear the presentation tomorrow. I will try to ask the relevant questions about Vocare....

Nobby

[dave4545] 29/1/2018 08:30

Just been refused a fill or kill for 5k at 39p

Could have swore the NMS was 7500 ?

[grahamwales] 26/1/2018 17:13

ACO consultation starts

hxxps://www.england.nhs.uk/2018/01/consultation-aco-contracts/

[grahamwales] 26/1/2018 16:38

Wonder if they announce the next acquisition prior to seminar

[dave4545] 26/1/2018 16:21

Probably the stock people were selling to them at 36p at start of the week.

fwiw you cannot buy a thing online, just tried.

[nobbygnome] 26/1/2018 16:20

Talking to myself here but not even 1k available online now....

[nobbygnome] 26/1/2018 16:16

Only one MM left on 39p (Scap). The next best offer is 42p! Where do they get all the stock from.....

Nobby

[nobbygnome] 26/1/2018 16:03

More upward movement! It appears the sellers have dried up....

[sikhthetech] 26/1/2018 14:05

Dave, great... good to see they sorted your toothache..

The Health Service needs to educate people to use the services wisely, like you did...



Not like this stupid person... people like this should receive fines....


Most ridiculous 999 call ever? Woman calls emergency services over broken eggs in her fridge

[nobbygnome] 26/1/2018 13:22

PS shame it's not Bob but it will nevertheless be interesting to hear Wendy speak.