Totally Share Discussion Threads

[1gw] 18/2/2019 08:35

And now got a 2nd lot away at just over 13.5p.

[nobbygnome] 18/2/2019 08:34

>> 1gw

A bizarre time for a long termer to sell...but each to his own.

[1gw] 18/2/2019 08:32

I've managed to get 1 lot away at just over 14p for about a 50% hit on my average purchase price. Couldn't get a firm quote for a second lot. Don't like taking a loss but amazed the price stayed up this morning and decided to reduce my exposure.

So that's my first sale of tly shares.

[the deacon] 18/2/2019 08:18

At £8m this is hugely undervalued. Downward pressure removed now, so time to start the recovery. Even without further news this is an easy play back into the 20's. When more contracts are announced, then this will prove to be a very rewarding buy from this level.

[football] 18/2/2019 08:15

Don't worry there will soon find another million down the back of the sofa the some mug punter to buy

[nobbygnome] 18/2/2019 08:09

Only 1 MM left on the 14p offer...

[nobbygnome] 18/2/2019 08:05

Sustained buying this morning and consequently level 2 is improving rapidly!

[the deacon] 18/2/2019 08:01

That's fantastic news today. Quickly back into the 20's imo

[nobbygnome] 18/2/2019 07:26

And the shares taken up by existing and new IIs. To me that has got to be good news....

[longshanks] 18/2/2019 07:17

Confirmation: Harrison's are now out

[sikhthetech] 17/2/2019 19:22

Porky, yes agree...

Harrison's couldn't sell because of the 12 month Lock in period.... After which I think like TLY and others were waiting for the NHS10 yr plans before making their next move and those 10 yr plans were due to be published months ago.. Yet weren't published until a month ago...

[1gw] 17/2/2019 10:53

I agree porky. There are various possibilities here. If you look at timing and pricing I think we have:

14th Feb @ 12.5p

11:55 3,697,954
12:00 2,040,000

Total 5,737,954 - most obvious explanation is sale by Harrisons, although if they hold in each of their own names not entirely clear how they can record a single sale of more than one brother's holding - perhaps both held with a nominee?

14th Feb @ 12.525p (part 1)

12:57 160,000
12:57 480,000
12:59 150,000
12:59 150,000

Total 940,000 - most obvious explanation is buy of some of the 12.5p shares


14th Feb @12.525p (part 2) and @14.25p

13:11 2,550,000 at 12.525p
13:13 2,550,000 at 14.25p

Possibilities:
A. Both purchases of the rest of the 12.5p shares plus a few more
B. First is a purchase of 12.5p shares, second is onwards sale (nice profit)
C. A separate back-to-back transaction (sale and purchase)

The problem with B. and especially with C. is that there are then a lot of 12.5p shares unaccounted for.


15th Feb @ 12.5p

16:26 110,000

This transaction is also interesting. Given the price appeared to have recovered by the end of 15th, why such a low price for a relatively small quantity? Or is this somehow linked to the initial 12.5p sales?

Hopefully, all will become a bit clearer tomorrow.

[porky8] 17/2/2019 09:43

2,550,000 buy @ 14.25 p ..... Sold @ 12.5 p ( Harrison's ) bought @ 12.525 p ( ? ) bought 14.25p ( ? ) ...... Three way transaction ....... There's another 940,000 which were bought @ 12.525 p ............ Certainly action going on ........

[porky8] 16/2/2019 22:17

Vaguely remember someone posting ....... A While back ....... Sometimes You just need to sell ..... Just bad timing ..... This I believe is more like it ......

[nobbygnome] 16/2/2019 21:32

IUC contracts...

[1gw] 16/2/2019 21:07

A bit of a leap of faith to say that if it is the Harrisons then this will be positive for the shareprice.

I guess the argument might be that (part of) the market may have known for a while that they were looking to sell and so once they have sold that particular overhang is gone.

But the counter-argument surely is that if even the Harrisons have given up on Totally turning round Vocare sufficiently to boost the shareprice in the short-medium term then that's a bit worrying. What does that do to the case of the remaining shareholders to stay invested?

This might be a good time for Tly to come out and say that they are going to implement the share buyback. If they can effectively present this transaction (assuming it is the Harrisons selling) as the reason they haven't embarked on the share buyback before now then maybe that will remove some doubts over the balance sheet and their ability to generate cash going forwards.

[nobbygnome] 16/2/2019 16:39

Great stuff porky. Should be nothing to hold the price back now....I think I may have said that before🙄!

[sikhthetech] 16/2/2019 14:45

looking at the conditions for disposal of shares by Harrisons brothers..

The 1st sentence doesn't apply it's over 12 months... but the 2nd does..

They are bound by "orderly market restrictions"... and the 'certain limited exceptions'

They would have followed those 'orderly market restrictions' and it's entirely possible the conditions included TLY to buy the shares..


We'll find out soon enough...


Pg 32:
"12. LOCK-IN AND ORDERLY MARKET ARRANGEMENTS
The Vendors have undertaken to the Company, Allenby Capital and Cenkos Securities that, subject to certain limited exceptions, they will not dispose of any interest they hold in the Consideration Shares for a period of 12 months following Admission. The Vendors have undertaken that, for a further period of 12 months thereafter, they shall be bound by orderly market restrictions in respect of their Consideration Shares"

[porky8] 16/2/2019 13:27

Footy

... So they must have some
..

[grahamwales] 16/2/2019 08:34

If it is them then it knocks £2 million of the purchase price for Vocare.

[1gw] 15/2/2019 19:57

Fair enough. Looks more likely to be the Harrisons on that basis.

Funny though, because I asked Wendy directly at the AGM about their holdings because of the suggestions on these bbs that they might want to sell (or even that the company might want to use the share buyback to buy them out). As far as I can remember I got a clear message back that they wouldn't be interested in selling at the then-current price (20p+) because they expected the share price to go much higher (or words to that effect).

So in itself, that's pretty depressing if they've now bailed at 12.5p. But it's probably better than seeing Unicorn or L&G bail. And if there's a decent institutional buy on the other side then it could be the catalyst for a shareprice recovery.

[porky8] 15/2/2019 19:47

Someone bought 2,550,000 @ 14.25 .......Curve ball ....... Bob .........

[sikhthetech] 15/2/2019 19:11

Micro, yes there has been a question over if/when Harrison's would sell...
Now that uncertainty is over...

From Jackbal's post..well done Jackbal...


Jackbal14 Feb '19 - 19:38 - 7464 of 7509 Moderate | Ban
0 2 1
Hi all,

I bought some of these today and was advised that a large individual holder/seller was keeping the share price depressed and that the large crossing trade was to take the shares out of the sellers hands and into potentially stickier hands.

I obviously asked why the seller wanted out and was told it was simply a large holder wanting to do something else with their money and that Cannacord has 50p target.

<...>

[porky8] 15/2/2019 18:57

Ile chuck a couple into the ring ..... Unicorn ...... Totally ........