Totally Share Discussion Threads

[cottoner] 11/5/2018 14:49

Last years figures wrt revenue are irrelevant.

Acquisition of Vocare increases revenue to c£100m.

[che7win] 11/5/2018 14:46

What is the investment case here?

The NHS is strapped for cash.

The business is burning money, on 6 month results:
"EBITDA profit before exceptional costs £15,000 (Year Ended 31 December 2016: EBITDA loss £1,159,000)"

"EBITDA loss including exceptional costs £1,053,000 (Year Ended 31 December 2016: EBITDA loss £1,653,000)"

"The twelve month period showed turnover of £21,351,000 (2016: £3,977,000) and a loss of £2,061,000 (Year ended 31 December 2016: £1,516,000). "

Operating loss of £2m on £21.3m turnover, and thats just for 6 months!
Previous year no better - £1.5m loss.

Current assets only slightly above current liabilities - another massive red flag.

Burnt over £3m cash on OPERATING ACTIVITIES in 6 months, you think this is investible?

Cash outflow for 6 months - over £6m!

[dave4545] 11/5/2018 12:15

Friday lull, strong week, lots of traders with small amounts getting bored and selling down.

Usual stuff

[spacedust] 11/5/2018 09:33

It won't. If there was an rns today confirming that vicare was not awarded a 1.5m renewal contract we would have been around 22p now.

[the deacon] 11/5/2018 08:41

Common sense will prevail.... Eventually..

[nobbygnome] 11/5/2018 08:35

It looks like I am gong to be surprised 😳

[nobbygnome] 11/5/2018 08:09

Likewise by Spreadbet. I would be surprised if we don't go into the 30s today.

Nobby

[hybrasil] 11/5/2018 08:07

bought a few more

[nobbygnome] 11/5/2018 08:06

I think we may be witnessing a bit of a PR offensive. After all this is a contract which is only about 1.5% of turnover. Nevertheless I guess that CCGs are renewing contracts is a definite plus because that apparently is one of the worry of the institutions, who don't get the business model! This was discussed at the GM.

Nobby

[hybrasil] 11/5/2018 08:00

Yes its all very positive.
I think we will see a very gradual move to 30p

[parob] 11/5/2018 07:23

And with the Miton overhang cleared, this is now free to move.

[someuwin] 11/5/2018 07:14

11 May 2018

Totally plc

("Totally", "the Company" or the "Group")

Vocare confirms renewal of contract worth c. £1.2 million per annum

Totally plc (AIM: TLY), the provider of a range of out-of-hospital services to the healthcare sector in the UK, is pleased to announce that its wholly-owned subsidiary Vocare Limited ("Vocare"), one of the UK's leading national specialist providers of urgent care services, has renewed a contract (the "Contract") with Northumbria Healthcare NHS Foundation Trust ("Northumbria FT"). The Contract is worth a total of c. £1.2 million per annum.

Following a competitive tender process to provide a single urgent care service to NHS North Tyneside CCG, Northumbria FT has renewed Vocare's contract for the provision of GP Out-of-Hours services. The Contract, commencing 01 October 2018, will run for 3 years until 30 September 2021, with the option of extending a further 2 years.

Wendy Lawrence, CEO of Totally, said:

"We are delighted to be working with Northumbria FT to provide GP Out-of-Hours services to North Tyneside CCG. The renewal of this contract not only reinforces Vocare's continued ability to provide a high-quality service, but also demonstrates the importance of a collaborative approach with regards to emergency care services across the UK which have been subject to increasing pressure.

"This clearly highlights another success under our direction, confirming our continued focus and aim of becoming a partner of choice for the NHS and providing patients across the UK with high-quality care where needed whilst avoiding hospital admissions."

ENDS

[dave4545] 10/5/2018 23:10

Somebody managed to buy 78k at 27p delayed late on.

Weird it closed 27.05p to sell 27p to buy.

It's like there's a big buy order and big sell order atm ???

[parob] 10/5/2018 17:09

Much appreciated Sikh!

[sikhthetech] 10/5/2018 16:45

Parab,
"aren't there some conditions, ie up to 105%"
"I’ve seen this quoted a few times but haven’t found it myself."




Page 8 of Buy back document

"The maximum price (excluding expenses) which may be paid for each ordinary share is the
higher of:
(i) 105 per cent. of the average market value of an ordinary share in the Company for
the five business days prior to the day the purchase is made; and
(ii) the value of an ordinary share calculated on the basis of the higher of the price
quoted for:
(a) the last independent trade of; and
(b) the highest current independent bid for,
any number of the Company's ordinary shares on the trading venue where the
purchase is carried out.
"

[longshanks] 10/5/2018 15:43

Thanks microscope.

[microscope] 10/5/2018 15:23

Yep longshanks, they had unprecedented (near 11%) demand for redemption on one of their funds. Seems they pretty much had to sell anything with any liquidity. Looked pretty undignified to me at times! Done now, they still have some TLY in one of their other funds apparently, which i didn't realise. Presumably they are keeping these as no pressure to sell.

given that they finished the redemption fund selling after redemption date, i guess they either were given an extension, or had to borrow to pay up.

[someuwin] 10/5/2018 15:22

MITON UK MICROCAP TRUST has sold down to zero.

MITON UK SMALLER COMPANIES FUND has sold down to 3.59% and intends to stay at that level (apparently).

[parob] 10/5/2018 15:19

Aren't there some conditions for the buy back, i.e the company can pay up to 105% of the average price over the last 5 trading days? I've seen this quoted a few times but haven't found it myself.

[dave4545] 10/5/2018 15:19

Must be a buy back.

When do you get 27.05p to sell and 27p to buy in this stock lol

[longshanks] 10/5/2018 15:14

Has someone already explained the rationale (or lack of) for Miton to evacuate the building?I find it odd that they, being one of the founding supporters of Bob Holts vision, should have exited just as the business is starting to deliver on the "buy and build" strategy.

[microscope] 10/5/2018 15:03

Wondering if this is somewhat 'inspired' markdown to get stock ahead of the buyback.

Blabber, wouldn't be an RNS for 300k. 600k is one per cent, so they probably wouldn't cross a threshold with 300k

[someuwin] 10/5/2018 14:46

Time to get buying again - imo.