Totally Share Discussion Threads

[nobbygnome] 28/3/2018 07:29

Well nothing in the results to merit the recent price movement! I only had a quick scan read but everything looks fine to me. Clearly the full year results in 3 months will be even more revealing with regard to Vocare but with £11 million cash they have a solid buffer.

Nobby

[microscope] 27/3/2018 09:00

Ah so simple pug. If only you'd posted that in the first place :)

A screen shot, or print of a trade that didn't actually exist at that stage if not completed. Perhaps it was the olde smoke and mirrors that clouded your vision... :)

Actually it was the phrase 'keep price' which really intrigued me. Rather like a fisherman's keep-net. A classic market maker phrase, I'm told - and who else would be privy to such a screenshot/print....

Anyway, moving on... looking forward to an update/numbers this week. I'm not expecting profit yet, but looking for strong progress with the integration of Vocare, and a good outlook. Cash we already know about. Profits will come in due course of that I am very confident

[sikhthetech] 25/3/2018 14:51

Results due this week, for period ending Dec 2017...
This was their TU in Jan...

I'm looking for confirmation of continued growth from their subsidiaries, especially Vocare..
Given we're in the final week of fy2018, hopefully, we'll get a TU for fy as well...

[sikhthetech] 24/3/2018 14:23

savage,
"this is a December year end not March (as previously)"
"So the comps will be difficult "
that's not true...



Previously, interims were end June. Fy were end Dec.

They have changed the accounting date so it is in line with the NHS...

The results due are for 6 months to 31st Dec, so there can be a comparison with last year's 6 months (H2) to Dec 31st. This year's results will also inc approx 2 months contribution from Vocare...
The new accounting date, 31st March, will inc. approx 5 months contribution from
Vocare. The fy 2018 accounts, 31st March, will be 15months.

Hopefully, the forthcoming results will include a fy2018 TU/outlook as part of their results, as they should have a good idea of current business for fy2018.



as per their rns:



As a result of this change the Group's next three financial reporting events will be as follows:

-- publication of unaudited interim accounts for the six months ended 31 December 2017 by 31 March 2018. This financial information will include the impact of the acquisition of Vocare Limited ("the Acquisition") in the period from the date of completion of the transaction;

-- publication of audited accounts for the 15 month period to 31 March 2018 by 30 September 2018. This financial information will include the impact of the Acquisition in the period from the date of completion of the transaction; and

-- publication of unaudited interim accounts for the six months ended 30 September 2018 by 31 December 2018.

[savagedstock] 24/3/2018 08:54

PUGUGLY

FYI - results due by end of March - this is a December year end not March (as previously), so you will get a truncated year end for 2017. So the comps will be difficult depending upon how transparent the company is of course. However, my guess is that the real questions will be about the period Jan to March, which is traditionally a very heavy demand period for Vocare services. So a clearer picture should emerge in the next 4 trading days (assuming they get results out before Easter)...let's hope there's no spreadsheet error as in the Conviviality numbers.....

[pugugly] 23/3/2018 19:23

microscope - Only just come back and seen your posts - It was a misinterpretaion from a screen print sent to me - Offer to sell in volume at 26.2 not a sale - OK

[microscope] 23/3/2018 16:25

Good stuff Sikh. I think if someone makes a comment on a public bulletin board, they should share any explanation similarly, not with a selected recipient.

Otherwise we are within our rights to guess on the board too (frankly though it's not hard to figure out the likely truth of the matter in this case! :)) ).

[sikhthetech] 22/3/2018 20:11

I've also been adding over the past couple of weeks, including a few today...

[pugugly] 22/3/2018 17:55

1gw- U have mail to explain =

[microscope] 22/3/2018 17:50

I too saw the original post 1gw

As you say you have no shares pugugly, how did you 'know' a sale had gone through but was not yet marked?

Very interesting.

[1gw] 22/3/2018 17:36

pugugly - what's going on with that post of yours? Did you mistake the big trade you were talking about in earlier drafts?

[pugugly] 22/3/2018 15:44

1gw: That was a keen price - Seems to be a big sell offer about at 26.2 -

[1gw] 22/3/2018 14:46

I've just bought some more there at a bit under 26.2p to average down from my initial end-November purchases. Hoping that the weakness is tax loss selling-driven, or general UK smallcap sentiment-driven rather than anything more fundamental. At least when I tried a dummy sale today there was a price quoted, whereas yesterday it seemed I could buy pretty much any amount within the spread but couldn't get a quote to sell a relatively small amount.

[savagedstock] 21/3/2018 20:40

cash balance is somewhat interesting...11m is the year end balance, but how much has been used up in the three months since then, which is historically the busiest time of the year? I note that Allenby never revised their cash forecast for March (old year end) was about £4M from memory. So it will be interesting just how much cash Vocare actually consumes - it is clearly a business on thin margins.

It is now becoming a call option rather than a share price - you pay your money you take your choice. Pugugly is quite right, this has drifted to the same level as when BH was brought in. You should also be aware it is quarter end, and a number of institutions are potentially nursing big losses - 50% since the 55p raise. cannot be sitting well with them. What the company needs to do is to get the results out quickly, followed by substantial buying by BH and the Board - this is a company where the tail is wagging the dog - the Harrison brothers are now the largest shareholders with no counterweight from the rest of the Board, a recipe for disaster in my experience. Having been negative since 55p, I am now having a look, but I remain sceptical of giving my money to two brothers who have reversed their way into a listed company, with zero track record of having made any money, and of course trousering £11M along the way.

[dave4545] 21/3/2018 12:01

Have to remember the small cap market has gone very bearish. If anybody with size turns up wanting to sell any stock they are going to hammer the price and have to drip it out.

Even at the low we have managed to attract just 14,000 worth of buys share wise not £

[pugugly] 21/3/2018 11:58

Feels like a massive iceberg dump taking place - Distressed seller ? A profit protection from the August 2015 placing at 17.5p - A cut-loss from the 55p placing and or news leaking - Perm any 1 from 3 - or could it be a mixture - Whichever the 55p placees must be hurting badly - Remember the 1st loss may well be the least costly to take. (but what do I know?) All I know is that the majority of holders are well under water - Still watching but not jumping in at the moment.

[sikhthetech] 21/3/2018 11:48

dave,

In Jan, they said they have cash of £11m.
The current mcap is sub £16m...
So £5m for the other subsidiaries.

If there is a material change in expectations then they would have to issue rns stating it.


"Totally now enters 2018 with a strong net cash position of GBP11.1m as at 31 December 2017* which is an improvement on the previously anticipated figure of GBP8m that was announced on 30 November 2017."

[dave4545] 21/3/2018 10:45

Given the cash they claimed they would have. Assuming a break even business the current valuation is around £6-7 mil given current market cap has dropped to sub £16

Does the company have to issue a Rns here to stem the flow ??

[dave4545] 21/3/2018 10:17

The 2000 trades are mm to mm the mm with the seller/overhang is taking them out.

This is brutal atm.

[dave4545] 21/3/2018 09:28

50k and 75k at 27.1p now

Assuming 55k got 26.5p yesterday they must be buys, the mm's would fleece any seller of this size atm

[dave4545] 20/3/2018 21:40

Happy to see that distressed sale at 26.5p explains the drop so 27.5p should be the low if no more panic sales

[sikhthetech] 20/3/2018 15:33

I just bought some more...27.5p

[dave4545] 20/3/2018 15:03

Somebody has just bought 25k at 27.5p

Must have a sell order to allow that size to go in so low

[spacedust] 20/3/2018 15:01

Shall we all agree to buy together when this hits 19p?

[dave4545] 20/3/2018 14:30

Scary the way they are slashing the price here.