Totally (TLY) shares are down 75% today at just 0.35p as it has admitted that its shares are almost certainly worthless. How many times have I told y’all. This explains why Zak Mir is so popular and I am so hated.
On St Valentines Day I reflected in a bearcast special about how, having lost a major contract, Totally (TLY) was more up shit creek than ever. As a perma bear my concern has always been the balance sheet which is a total mess. Today, Wendy Lawrence, CEO for the past 12 years so the woman responsible for creating this mess has resigned with immediate effect.
In the past, and at much higher levels, Brown Envelope Man has promoted this company with his usual voodoo analysis. At just 8.75p it is now capitalized at £18 million. Surely the involvement of Mir is enough of red flag?
Interim numbers out this morning are truly dreadful. The balance sheet as ever is a timebomb waiting to blow up the company and, to put the icing on the cake, Totally (TLY) chairman Bob Holt who is the only grown up at this comedy show, has suffered long enough and his successor is a clown
Describing itself as “a leading provider of frontline healthcare services which increases access to quality healthcare across the UK and in Ireland by targeting the reduction of waiting lists and waiting times for patients, alongside corporate fitness and wellbeing services for corporate customers”, Totally plc (TLY) today states that it “is pleased to announce its preliminary results for the 12-month period ended 31 March 2023” and the shares have currently responded towards 13p – er, down over 20%!
Totally (TLY) is probably insolvent, in that it cannot meet its existing current liabilities from existing resources, but we do not quite know as today’s trading statement is just so much meaningless gibberish. What exactly is CEO Wendy Lawrence so desperate to hide?
I have been greatly puzzled by the slide in the share price of Totally (TLY). The shares are now 36p valuing this enterprise at c £22 million. Something's not right. Time to crunch a few numbers...
Unbelievably, just as the welts on my back are just about healing from my Totally (TLY) related self- birching a few months ago (HERE), it transpires that the CFO, Don “Two Jobs” Baladasan is leaving after all, although he did find time to spend £11m before he left on a business that appears to be in a bit of bother – perfect!
I must apologise. Yesterday I wrote an article stating that Totally was in breach of AIM regulations in not making an announcement about its CFO getting another job. I was wrong; I have given myself a good and proper birching this morning and am here to beg forgiveness.
It must be exciting times at NHS supplier Totally (TLY) at the moment with the buy-and-build strategy taking shape and an RTO in progress and a busy time, particularly for the CFO, Don Baladasan, who also has the interims to prepare but, er, has he just left to join CentralNic (CNIC)?







