Market's view on Totally

Published on April 2024

  • Some stock watchers have raised concerns about the manipulation of share prices through small trades, despite supportive evidence showing institutional support with a chairman buying shares and no evidence of cash issues given the dividend payment and AGM resolutions passed.
  • Observations were made regarding the potential for either positive or negative surprises in trading updates, which could significantly influence stock prices.
  • There is a debate on the evidence of institutional selling; some watchers argue that major shareholders are reducing their stakes, affecting stock confidence and suggesting possible manipulations by retail investors.
  • Discussions included the potential strategies companies might adopt in response to their financial situations, such as going private or capital restructuring, influenced by the current market price and company valuation.
  • Various sentiments about the healthcare sector’s reliance on private companies to reduce NHS waitlists were shared, noting both the political and operational landscapes that could impact company performances.
  • Concerns were voiced over the ongoing junior doctors’ strike and its impact on the healthcare sector, with a specific focus on how this could affect companies providing services to the NHS.
  • There is speculation about forthcoming trading updates, with some predicting the announcements could happen soon based on historical patterns, which keeps investors on alert.
  • The discussion included considerations of financial strategies like dealing with goodwill on the balance sheet and the potential for significant fundraising efforts relative to the market cap, which might lead to delisting to resolve issues privately.
  • The overall sentiment is mixed, with some watchers remaining optimistic about recovery through operational improvements and others cautious about potential declines due to unresolved financial and operational challenges.
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