Wendy Lawrence of Totally: Opportunities are massive and we are undervalued
Episode 1381, May 02, 2023, 11:17 AM
Wendy Lawrence CEO of Totally #TLY comments on their trading update for 12 months ending 31 March saying opportunities for the business are massive and that the company, compared to its peers, is undervalued.
Highlights
Financial performance in line with revised consensus
Based on unaudited draft numbers, the Group anticipates reporting EBITDA* for FY23 in line with consensus market expectations. At year end, the Company had gross cash of £6.4 million (31 March 2022: £15.3 million); net cash at the same date was £3.9 million.
A healthcare market full of opportunity
The Totally management team is working closely with healthcare commissioners to respond to opportunities to support the reduction of record waiting lists for elective care and help meet or beat waiting time targets in urgent care.
Totally's insourcing and outsourcing revenue, delivered through Pioneer Healthcare, doubled in FY23 compared to the previous year, and the Company recently announced two new contracts for urology services in Ireland and a key position on a new framework agreement in Wales.
Within Urgent Care, the Company successfully retendered and mobilised a five-year contract for the delivery of two Urgent Treatment Centres in Bromley, and was the first provider to fully mobilise on NHS England's Single Virtual Contact Centre model, enabling rapid mobilisation of additional NHS 111 services where required.
To read the full RNS click here
Highlights
Financial performance in line with revised consensus
Based on unaudited draft numbers, the Group anticipates reporting EBITDA* for FY23 in line with consensus market expectations. At year end, the Company had gross cash of £6.4 million (31 March 2022: £15.3 million); net cash at the same date was £3.9 million.
A healthcare market full of opportunity
The Totally management team is working closely with healthcare commissioners to respond to opportunities to support the reduction of record waiting lists for elective care and help meet or beat waiting time targets in urgent care.
Totally's insourcing and outsourcing revenue, delivered through Pioneer Healthcare, doubled in FY23 compared to the previous year, and the Company recently announced two new contracts for urology services in Ireland and a key position on a new framework agreement in Wales.
Within Urgent Care, the Company successfully retendered and mobilised a five-year contract for the delivery of two Urgent Treatment Centres in Bromley, and was the first provider to fully mobilise on NHS England's Single Virtual Contact Centre model, enabling rapid mobilisation of additional NHS 111 services where required.
To read the full RNS click here