Totally Share Discussion Threads

[longshanks] 09/5/2018 09:11

The market cap seems crazy. They raised £18m last year, as of December 2017 had £11m cash (£3m ahead of expectations), are confident enough to moot share buybacks with some of their surplus cash and the company is only valued at £16m??I am in for a few.

[babbler] 09/5/2018 08:44

Selling at a loss? Can't be much profit taking as surely they'd have sold yesterday and this hasn't been much lower.... Imi

[dave4545] 09/5/2018 08:41

Be a good time for the company to buy some when the traders lose patience and move on

[babbler] 09/5/2018 08:29

And down. Idiots.

[someuwin] 09/5/2018 08:06

Up from the start.

[porky8] 08/5/2018 22:53

Nobby ..... Thanks for your feedback .... Been myself a few times ... just one question if I may ..... Do you recall the % For and Against the resolution .....

[dave4545] 08/5/2018 22:45

Sorry that was a misprint. I meant to say delaying the bigger buys not sales.

[sikhthetech] 08/5/2018 22:40

Nobby, thanks for the update...

[nobbygnome] 08/5/2018 22:27

Yes I am confident of further rises in the short term. Everything looks set fair....

[dave4545] 08/5/2018 22:27

I honestly thought the way the mm's were hoovering up all the sales at 26p the company might be already buying stock but the mm's were delaying the bigger buys and only showing the smaller sales to make it look weak when in fact the demand was there.

You just know any dip is going to get pounced on now. It's a case of how long before it trades over 30p, hopefully tomorrow but it makes no odds as it's going to happen soon enough.

[parob] 08/5/2018 22:21

Cheers Nobby, much appreciated. The BOD will want the shares much higher before further acquisitions, and of course that's where the share buybacks will come in.TLY seems to be gaining the attention of a new wave of investors so the next few weeks should be looking good.

[microscope] 08/5/2018 21:53

Thanks Nobby. Very valuable - more contracts sound virtually certain in the short term.

[someuwin] 08/5/2018 21:45

Cheers Nobby - all sounds very positive.

[escapetohome] 08/5/2018 21:33

Thanks for the feedback.

[nobbygnome] 08/5/2018 21:22

Ok so here goes. I was the only shareholder present at the GM so had free reign to ask as many questions as I wanted. Unfortunately Bob wasn't there but most of the rest of the board including the non execs were. Wendy answered most of my questions. So here are the major points

1. There are currently 12 Integrated Urgent Care contracts to bid for although TLY won't bid for all of them. To give some idea of the size the biggest is £96 million over 5 years so these are seriously big contracts. Of course the other major bidder is Care UK which is going through a bit of a hiatus at the moment so there is no doubt TLY are in a good position to win some of these contracts.

2. The 111 service in Wales is up for bids currently, although nothing has happened in Northern Ireland yet.

3. The final results will probably be early July although a precise date hasn't been decided on yet.

4. The Cornwall contract which effectively is an IUC type contract is the best performing service in the country

5. I asked whether Vocare is profitable and of course they wouldn't answer that question directly since they are in a closed period. However, they said the share buy back scheme is because they have surplus cash. So a business which was haemorrhaging cash would not have surplus cash and be in a position to do a share buy back. So I think it is safe to assume that Vocare is at least at break even, if not profitable!

6. Miton have sold all the shares in one fund but actually still have shares in another fund which they are holding on to. Killick sold out but then promptly bought a bigger holding right back, which seems a little strange. Wendy said she did not know of any other institutions which were selling.

In summary my take is that the board were oozing confidence and there was much talk of the 'ridiculous share price'. My assumption is that acquisitions will be put on hold until the share price is higher and so in the short term a share buy back is better use of the surplus cash. However, it is only an authority to buy shares and of course they may or may not use it! So I don't think there is any guarantee they will but I would be surprised if they didn't buy at least some of the 10% permitted.

All IMHO and reproduced with my best endeavour but I can't guarantee everything is 100% accurate.

GLA

Nobby

[microscope] 08/5/2018 20:01

Looks like they've been reported now, can see 2 x 50,000 in the last half hour or so of trading, at the prices you mention, second of them traded just after hours.

Last hour or so virtually every reasonably sized trade seemed to move the price. Sure sign they are out of stock imho

Incidentally the proposed near 10% buyback will tighten up liquidity too, and if this sort of insane volume continues, should surely squeeze the share price higher in the short term.. I am still convinced a bid is likely at some point this year

[parob] 08/5/2018 19:40

Another large contract win now the overhang has gone would also do wonders.One thing for sure, momentum is building.

[sikhthetech] 08/5/2018 19:31

I think the real change will come when they announce the fy TU/results.. If they can show business is doing well and growing....

[dave4545] 08/5/2018 18:33

Probably 2 hour delay for trades of 50k or over TBF ?

Strange time to sell or if you are just a trader fair enough.

[nobbygnome] 08/5/2018 18:17

Reffing a football match so will report back later!

[the big fella] 08/5/2018 18:03

Interesting that my 2 sales of 50k at 27.5p and 28p not been reported yet.

[spacedust] 08/5/2018 17:49

Songbird did buybacks from 100p and share eventually was bought out at 350p or something.

So tly would have 52m shares in issue after full buybacks.

[parob] 08/5/2018 17:34

Looking forward to you reporting back on the AGM nobby!

[dave4545] 08/5/2018 17:24

I had these around 33p in Jan and it shot up to 42p before it drifted and Miton turned up to sell.

Since the low 40's they have won numerous contracts, their cash is higher than forecast, they have cleared a huge seller in Miton and now can buyback their stock.

Price is 28p

Hence there is the real value at these levels

[barvin] 08/5/2018 17:08

Exactly, improves P/E and also gives positive hopes they will actually post a profit for once to show a P/E.Next have been doing buybacks in the past year, aiding a nice 25% increase in their share price.