Patientline is begining to reach critical mass with its penetration of the NHS.
This from their website:
"The market-leading pioneer of bedside communication and entertainment services within the NHS healthcare sector since 1994.
We offer a comprehensive solution partnering Trusts in delivering digital TV, telephone, free 24hr radio, internet, email and information services direct to bedside.
Our state of the art technology delivers a range of Trust focused facilities designed to reduce hospital staff workload thereby improving patient care.
Patientline is exclusively focused on providing bedside services and remains committed to improving the hospital experience for patients and streamlining patient care for our hospitals.
Patientline continues to be the market leader in offering bedside communication and entertainment services."

A round of fundraising in June 2002 saw the company raise 128m - this on top of 40 from its flotation in March 2001.
On 15th December, PTL delivered a strong set of results which reassured many in the city that the company is on track to corner the patient bedside information/comms/entertainement niche in the NHS.

The rollout is going to plan and PTL now has 51% share of the hospitals in its target market with 19% yet to decide.

Revenues are now at 16.1m - up 77% in the first half, with operating margins up from 44% to 50%.

PTL's business plan is augmented by the Government's Patient Power Directive which is promting bedside TV and communication services and has stipulated that any hospital >400 beds must have contracted a service provider by end of 2004.

However compelling the core business is , the exciting kicker here could be provided with the possiblity of dislpay of electronic patient records at the bedside. For anyone who has worked in the NHS and experienced the frustration of being slow - or even unable - to find patients notes, especially in emergencies, this could be very important if PTL's network is used to facilitate the bedside delivery of the Integrated Care Records Service.

Techncially, the stock looks strong having broken out of a 4 month consolidation.
Next level seems to be around 1.40 however any more positive newsflow could drive it quickly back to old highs over the 2 mark.
With the next few months seeing a number of key NHS IT contracts being awarded, 2004 could well be a pivotal year for PTL.

Please DYOR.

I have a brokers note should anyone care to read more - email me at ninadan@hotmail.com
http://www.patientline.co.uk

Hi
Have been looking at these myself ,went to john radcliffe n oxford and had walk around to see any of these terminals in use but didnt find 1 which i thought was strange , so not so sure this is such a great thing at moment but protential is large but would like to walk round and see lots in use but that was def not the case so might wait a while before dipping into this as share price reflects a usage already so could easly dip if figures dont show a great take up
Also they say usage of patients records could be one use but walking around the wards some of the nurses etc can hardly speak english so how would they cope with trying to use this !! alot of them might have a job turning it on
no disrespect to the nurses who do a great job but this product is quite like using a pc time will tell but thats the situation in jr in oxford which is a large hospital !!

Biffa18,

I think you are very insular, thinking that because some people speak little English they cannot learn and perform their duties correctly. Did you know they have to take a test before they are given their visas to work in the UK? Let me inform you that so far there has been more cases of 'English speaking' nurses and doctor administering the wrong medicaments to patientes. These foreign nurses are well qualified to do their jobs, What REALLY makes you think that they cannot operate a PC???

Anyway that should not be the case for not investing in a company. The charts indicate it is a buy in the short term & possibly in the medium term. However, it would be interesting to see some more news or/and facts and figures before entering... Anybody know of anything. Thanks

xmortal
sorry if i sounded like that was not meant to be , the point i was trying to make is that i work in the pc world and i know whats its like trying to get people to take on board new ideas/technology such as this when its a new thing for them to learn as we all know the nurses havent time to do what they have to now!! and this will be a another thing to learn and show in their limited time, some will love it and others will hate it but the share price has risen on the news of contracts in hospitals having and using, but my experiance the other day suggests otherwise Also the thing is the person i went to see is pc orientated and when i said lets have play with patient line he said he couldnt be bothered with it , i wonder if that will be a common reaction as most people in hosp are quite poorly !!!
as for the administering of drugs etc your prob right as from personal experience i know some of the foreign nurses have a much better attitude than our own !!
As for investing in a company you need to see the product in use and try if poss the charts do say buy but have you been in the hositals etc and had a look ! if the usage figures are crap then this share wil dive big time and that is a fact if you look at other companys such as cybit talked abou alot on this board this has a proven product and is working but share price is only 3p

No worries biffa18. If you thinking investing here for the long term I recommend you to use technical analysis, I feel since the recesion more people are using it than ever before (no one want to loose money) and are more cautious. I personally invest for the short term. I prefer more risky ones, I have made some money and lost too (mainly when I started, never used the charts either). I do feel there is some money to be made here, the gov is to spend more on public services and the NHS is a prime target. Thanks

xmortal
agree the potential is massive with such a captive audience also i trade the smaller shares i have been for 6 yrs now and been very successful such as pcm days when i bought my 2 mill for .5 and sold at 14p and shorted bt from 12 down to 6 and sold my ten tho at 6, and i use the charts as well and everything else if i can, this year i think will be good for the smaller share picking the right one will be the problem but cybit is def 1 for 2004 which i hold 500000 from .5 just a bit of ramping there, i wish you luck with your investments !!

I think this company is very interesting. my husband was in hospital in Exeter last year, and found the patientline facility brilliant for tv and 'phone...almost as good as being a private patient.

Biffa18

The JR in Oxford does have these terminals, but only as a trial in the private wards for the moment. My wife and I were so impressed with the facilities (tv, phone, email) available on them that we both bought shares at 82p. I would think that the JR will roll them out in all the wards soon, along with many other NHS units.

Hi
BT has won 2 TEN YEAR contracts worth 1.616 mil with NHS to provide IT services i see part of this deal is to provide applications etc to provide patients records on a national data base and make them accessable by nurses and doctors at a local level at any NHS hospital , BT IS QUOTED AS SAYING THAT WILL MEAN PATIENTS WILL NO LONGER NEED TO REPEAT INFORMATION AT VARIOUS STAGES OF THERE VISIT TO THE HOSPITAL as all notes will be accessible in all wards and IN real time ,this is being provided by bt,s syntegra subsidiary this will also provide a messaging service and will mean electonic transfer of perscriptions and monitoring of,and also electronic appt booking acessable at any level nationally
surely this can not be good news for patient line as some of these services were rumoured to be on their system especially the patients records etc if thats the case then i can see this share maybe dropping somewhat !!

1.45 next level - then its 2.20
go and buy em back biffa...BT Syntegra are not likely to install bedside terminals in hospitals when there is already hardwear in situ. BT Syntegra are more likely to use an already installed system. Do not be surprised to see an annoucement along these lines from PTL as PTL have a close working relationship with BT - this is precisely why I think PTL could go nuts in 2004 - as the penny drops.
PTL will more than likely provide the conduit whilst BTSyntegra provide the software and support.

Hi Cat
you could be right i might of sold a bit early remains to be seen but chart etc looking good so good luck if your holding ,in the mean time im snaffling up as many cyBIT as i can now that is one to watch ,famous last words as it plummits !!

funny how little interest with this one - spose thats a good sign
:-)

Just to let u know that the share is doing marvellous over 30% since the begiining of the year. I was reading the Metrpo news in the northwest and found that patienteline is recruting staff in the following hospitals (due to their rapid expansion , it read)

Hope Hospital, Salford
Leighton Hospital, Crewe
Trafford General Hospital, Manchester
Rochdale Infirmary, Rochdale
Royal Bolton Hospital, Bolton

So Biffa18 you may need to revise this one. It has potential it will move above 200p b4 June.

2.20 next level

Just opened a new position in these. Looks like it as a monopoly position in the NHS in its business. Cat says 220p next level up, good stuff. Not doing so well today mind a lot of small caps arent. Think were waiting for the off from the Yanks.

cheers GF.

Not a good day for the majority of small caps.

cheers GF.

Just read through the last broker report on these from Evolution Beeson gregory an 8 page report and it makes for superb reading.

This company have a virtual monopoly of the Uk market and Holland.

It really is a cracker of a growth stock and worth buying on the broker note alone. Will post more of it out in the morning.

cheers GF.

Some of the main points taken from the Evolution Beeson Gregory BUY note published just recently..................

1. Under the Governments Patient power directive, it as a virtual ownership of this market under long 15 year contracts and has huge potential for the future.

2. PTL now has 51% share of the market in its targeted range with 19% still to decide.

3. Operating margins before central costs have improved from 44% to 50%.

4. At present the enterprise value of the business is 114.2 million and increasing.

5. In England the government as now stipulated that the very large hospitals with greater than 400 beds must have selected and contracted a provider by the end of December 2003 and the services installed by the end of 2004.

6. Present revenues continue to be based primarily on phone calls and Tv charges, but other revenues from the internet and e-mail are at an early stage.

7. New revenue streams coming online, include catering menu- displays and menu ordering, screening of information videos and advertising, and satisfaction questionnaires.

8. Electronic patient records will provide significant extra revenue streams, this is seen as a massive new area.

9. PTL has a massive presence in Holland and further growth is seen there.

10. Cost are being reduced all the time through economies of scale, and EBITDA margins have been maintained above 20% despite the growing network.

11. Critical to the company is the cashflow position and cash of 1.7million was generated in the last 6 months which more than covered interest charges. This is a big plus as it highlights the commercial viability of the model once the sites become mature.

12. Terminals most are now second generation models which offer , telephone, e-mail, internet, radio, TV, as well as access to the hospital intranet. Patients are charged for usage whilst Patientline staff are on site to maintain the units and provide customer care. ENDS

All in all an excelent Business model I feel and one worth backing.

The only doubts I had before reading this note was the cash flow position, but my mind as been put at rest by the figures produced within the report and also the last company interims.

cheers GF.

Strong looking TA and chart.



Positive Candidate (Medium term) - Jan 20, 2004
Has risen 279% since the bottom on 4 Apr 2003 at 38.00. Has broken the rising trend up. This signals an even stronger rate of growth.

Period Vol.bal. Volatility Liquidity +/- %
1 day - 1.41% 64.34 -1.03%
5 days 39.25 6.07% 54.46 +7.46%
22 days 31.10 19.42% 42.61 +36.49%
66 days 42.92 43.85% 25.48 +85.81%

cheers Gf.

still in the blue and going north.

cheers GF.

From Robbie Burns Frequenttrader...............

The market makers are up to their usual tricks with Patientline, a rise followed by a lunchtime dip - come on guys you're not fooling anyone - all us holders have to do is wait for this one to hit 200!

Yup and 200p seems a little conservative to me Robbie.

cheers Gf.

Big holders are being bid for stock by the market. Something could be going on here.

Great news cat its up 4p aswell. Many thanks for the tip, I really think we have a gem of a share here. I initially was fearfull of the cash flow as I am with any cental government and local government orientated business, but when I went through the accounts I saw that net cach inflow was positive and cash generated was easily eating up interest paid. Well done a real find.

cheers GF.

I make 1.80 next level - but any positive news and then could fly st. thro to 2.20

Exciting news indeed cat and they are flying this afternoon despite the best attentions of MMs to try and keep them down. Will have to have a look at the free float on this one.

cheers gf.

A few words of experience from Robbie burns the Frequenttrader........

Patientline continues its excellent progress, there’s the same pattern every day – up 3 or 4p, then a tree shake with a markdown and then it rises back up later.

cheers Gf.

Hoping this one goes up then like Robbie Burns points out above.

cheers GF.

A fantastic piece of research from the Robbie Burns site..........

The mm's continue to play with Patientline - they keep trying to scare out holders but it is not happening and the shares will continue to rise I reckon. A couple of interesting comments from readers regarding Patientline: One reader reckons:

"This company will in my opinion, do very well if they can keep up with the expenditure of installing each site which averages 1.5 million- for an average of 350 beds, approx 4300 per bed head. Given that each bed generates approx 5 per bed head, per day the repay period is approx 860 days.

It is estimated that each hospital will have an installed lifespan of 5 years, before terminals and cabling need replacing, giving a notional profit of 2.1 years per bed head at 5 per bed head per day.

The cost of maintaining the site is also minimal. This will improve obviously if they can push up revenue per terminal. This will generate some serious cash surpluses."

And Dave comments: "My daughter has just spent 4 weeks in a hospital with Patientline installed. It cost me a fortune and everybody was using it.

TV 3.20 per day, Phone inbound 39p per min off peak, 49p per min peak, outbound 10p per min. Internet 10p per min. Kids under 16 get free tv and over 65's get half price tv.

I haven't done the sums, but bearing in mind they are not installed in 50% of UK hospitals yet and they have got a captive cash customer base you might need to review your target price.


regards Gf.

got the latest note from Evolution on PTL - out today - still rating it as ADD - update outlines the potential for the electronic patient records delivery ...

anyone want a copy email me ninadan@hotmail.com

Cheers cat got a copy from a pal and here it is very upbeat aswell.........

Evolution Beeson Gregory

Patientline (PTL) Add (unchanged)

Mkt cap: 133m Net cash: -26m

IDX success bodes well for Patientline
Fujitsu, partnered with IDX software, has won the last of the 5 LSP regions
up for tender. IDX is already the supplier in the London region where it is
working closely with Patientline in delivering records to the bedside.
Fujitsu Services has been appointed the Local Service Provider (LSP) for the
Southern cluster; including Kent, Surrey, Sussex, Hampshire and the Isle of
Wight, Berkshire, Oxfordshire, Buckinghamshire Somerset and Dorset, Avon
Gloucestershire, Wiltshire, Devon and Cornwall; an 896 million contract.

The Fujitsu Alliance, includes IDX Systems as preferred supplier for the core
clinical applications, whilst iSoft had been partnered with Plexus in this
tender. Although the iSoft share price weakened on the news, the failure of
this bid still leaves iSoft with 3 of the 5 regions, a very creditable result which
will underpin revenues for the foreseeable future.

The IDX success is a good geographic fit since it already supplies many of
the clinical applications in the London region, and indeed is part of the BT
alliance which won the 996m tender for the London LSP region. It is good
news for Patientline, which already works closely with IDX to supply
electronic healthcare records to the patient’s bedside in London. One of the
hospitals leading this innovative area is the Chelsea & Westminster Hospital
where IDX supplies its LastWord integrated care records system using
Patientline to deliver the information to more than 600 bedsides. Similarly
the UCLH will be deploying IDX’s system, this time to over 1,000 beds.

Patientline continues to roll out its network on track, and it should receive a
significant boost from additional revenues earned by delivering electronic
healthcare records securely to the bedside. The market environment is very
much moving in Patientline’s favour and in spite of the steady rise in the
share price we continue to rate the stock an ADD.

cheers GF.

One for cat to have a look at.

cheers GF.

Plexus Secures Exclusive Supply Chain Contract With Patientline PLC
PR Newswire (US)
05 February 2004
[What follows is the full text of the news story.]
NEENAH, Wis., Feb. 5 /PRNewswire-FirstCall/ -- Plexus Corp. , a leading global provider of electronic manufacturing services, today announced that it has secured an exclusive contract with Patientline PLC to manufacture, supply and install the Patientline bedside multimedia and entertainment system.

The contract gives Plexus sole manufacturing rights over a two-year period and covers the whole of the UK. According to the agreement, Plexus will provide complete product engineering, testing, volume manufacturing and installation services for the bedside units.

The contract also includes Plexus managing the complete supply chain for Patientline from component sourcing to warehousing, logistics, installation and repairs.

The state of the art Patientline unit has now been installed in over 100 hospitals throughout the UK. The bedside unit brings TV, Telephone, Radio, Email, Internet and Entertainment access direct to the patients' bedside.

Ms. Jo O'Connor, Managing Director of Patientline PLC, added, "Plexus and Patientline have enjoyed a long and productive relationship which recently culminated in the appointment of Plexus to the role of exclusive Supply Chain partner. As Patientline's UK operation is currently installing hundreds of units per week in acute hospitals it is essential to maintain a highly effective supply chain and this new agreement will cement the strong partnership between the two organizations."

Andy Allen, Managing Director of Plexus Corp (UK) Ltd, commented, "This new contract has further strengthened the already close relationship between Plexus and Patientline, a relationship which has spanned 8 years. We look forward to continuing to help Patientline enhance their reputation as a supplier of a world class product."

About Patientline PLC

The Patientline system was first installed in Northwick Park Hospital, Harrow, early in 1995. By mid 2000, contracts were in place at 25 hospitals; demand was then further accelerated by the Patient Power initiative within the NHS Plan, published in July 2000, setting a target for the introduction of such services in all major hospitals in England by 2004.

Patientline is one of only four full licenses to provide Patient Power services and is still the only service provider with experience of providing a fully-managed, integrated communication and entertainment system across a substantial number of acute hospitals throughout the UK. For more information visit http://www.patientline.co.uk/ .

About Plexus Corp.

Plexus provides end-to-end product design, test, manufacturing, fulfillment and aftermarket solutions to branded product vendors in the medical, networking/data communications, industrial, commercial, defense and computer electronics industries.

The Company's unique materials and manufacturing solutions, strategically enhanced by value-added product design and engineering services, are developed to optimize lowest total cost, scalability and responsiveness for programs requiring flexibility, technology and quality. Plexus provides award-winning customer service to more than 150 original equipment manufacturers (OEMs) in Europe, North America and Asia. For more information visit http://www.plexus.com/ .

nice write up this weekend
:-)

In the newspapers I take it.

cheers GF.

Must admit, just love this company, cant wait for it to break into a ongoing net profit position. It has fantastic potential.

cheers GF.

On its way to 200p me thinks.

Cat's going to tip Harrier next GF (HRR)

Many thanks Dil, but this one will do me for a while what a fantasrtic break out. Think Cat is a magician.

cheers GF.

lol

Dil didnt know she was into the defence sector. Mind they are good planes.

cheers GF.

ps, keep buying PTL at this knock down price before it gets a way.

GF,

One hell of a jump in PTL's price today - 11p (7.5%). Seems an awful lot just on the back of the above news. I can see how an exclusive supply chain can give PTL cost savings and perhaps increased ability to react to circumstances, but I do wonder if somebody somewhere got wind of a new contract ?

Regards.

PitBull.

keep buying
:-)

Yes think your right.

cheers GF.

You gonna miss the boat on HRR if your not careful.

Everthing looks very promising with PTL.

cheers GF.

ps, hear its been tipped in Sharewatch this weekend.

Yes it got a small mention .... page 1 , 2 and 3 :-)

HRR breaking out GF.

Chart looks very strong.



Positive Candidate (Medium term) - Feb 11, 2004
Has risen 311% since the bottom on 4 Apr 2003 at 38.00. Is within a rising trend, which indicates a continued growth. The stock has support at p 72.00.


Period Vol.bal. Volatility Liquidity +/- %
1 day - 1.28% 75.22 -0.12%
5 days 31.09 5.43% 66.39 +9.31%
22 days 40.38 19.33% 53.76 +22.12%
66 days 37.70 46.11% 37.37 +108.42%

cheers GF.

Tipped in share watch`s latest. Has good track record by all accounts. Heres another source of usefull companies to watch. Again, a good track record.

Patientline was one of the companies covered at 78p. Called it spot on, and well ahead of the city pundits.
http://www.lemminginvestor.com/Patientline.html

From Robbie Burns site the frequenttrader on friday...........

"I did say I expected Patientline to be the share of the year and still feel that way, more good rises and hopefully the recent market maker tree shake shook out a few weak holders."

cheers GF.

PHEW...glad to see the recent tree shaking has stopped...was getting worried.I suppose after the meteoric rise of late it was inevitable that we would see a pull back.A lot of nice buying today with 2 x 25000 buys going through this afternoon.The chart looked like a head and shoulders was forming and that might still be a possibility but IMHO i think the rise of today will continue.Fingers crossed. Good luck to all. Rick.

About time Cat shorted these!

Lol , what makes you say that Bones ?

Not yet, I've just bought in. Missed the first boat to leave so hoping this one goes further.

Will buy these once I free some locked money. I shold have bought back in Dec, when I first spotted it. Will wait for another dip. Thanks

Lets not nitpick, we could all benefit from a little patience here. Time's on our side

Agreed, just love this company.

cheers GF

Down a tad at the opening but looking for this one to do big things this week.

cheers GF.

recently got out of Hosp & tried PTL. Internet is offline, some vending machines for the cards don't work, and the picture quality is at times a bit iffy. I was told someone would come bedside to supply a card by they didn't show. Had to find another machine in another ward. Very little in the way of instructions or terms & cons are available to the patient either on screen or in writing.

Certainly a useful and popular service, partic the phone & long term a winner. My only worry is that like Cable TV, the huge infrastructure cost will have a long payback time and will need good bank support to get to critical mass.

I'll stay out for now, there's too much future priced in, IMO.

Hi Folks

Am totally new to this game but liked the look of this one (AQP). I tried to buy on line and by phone and was told by both firms (Ample and Hoodlessbrennan)that I was unable to deal in this share.

Can someone please explain why this is? Any advice would be welcome.

Cheers

B2B

Share price seemed to have tumbled away recently from 160p-odd to 128p (and falling) today. Any thoughts why - lack of news ? something nasty becoming known ? bit of profit taking after a good run ? worry abut annual results ?

BTW#1 Anybody know when the results are out - I see the year end is 31/03 so assume sometime in mid-May ?

BTW#2 Looking at the yearly graph, is it forming what's know as a head-and-shoulders, and what is the general meaning/result of this ? (as you can tell, I'm not a chartist !)...

Regards.

PitBull.

Well at last a turnaround after a few days of profit taking.

cheers GF.

You taking the p*ss by any chance PitBull ?

I would also like to know what one of these "head and shoulders" things mean, should i buy some?, help!

Dil - huh ? in what way ?

Regards.

PitBull

PitBull
Ignore him, he's probably drunk, just rang my mum, she says a H&S is bearish, so i'm not buying yet, she actually said, and i quote.....

"Dailos my darling, The head and shoulders pattern is generally regarded as a reversal pattern and it is most often seen in uptrends. It is also most reliable when found in an uptrend as well. Eventually, the market begins to slow down and the forces of supply and demand are generally considered in balance. Sellers come in at the highs (left shoulder) and the downside is probed (beginning neckline.) Buyers soon return to the market and ultimately push through to new highs (head.) However, the new highs are quickly turned back and the downside is tested again (continuing neckline.) Tentative buying re-emerges and the market rallies once more, but fails to take out the previous high. (This last top is considered the right shoulder.) Buying dries up and the market tests the downside yet again. Your trendline for this pattern should be drawn from the beginning neckline to the continuing neckline. (Volume has a greater importance in the head and shoulders pattern in comparison to other patterns. Volume generally follows the price higher on the left shoulder. However, the head is formed on diminished volume indicating the buyers aren't as aggressive as they once were. And on the last rallying attempt-the left shoulder-volume is even lighter than on the head, signaling that the buyers may have exhausted themselves.) New selling comes in and previous buyers get out. The pattern is complete when the market breaks the neckline. (Volume should increase on the breakout.)

Love Mum xxx

P.S here's a picture son...

Does that mean its going up then lol.

cheers GF

If you are the PitBull of old then you know damn well about Head and Shoulders ... clears dandruff in a week apparently. If not then ask Dailos ... he knows everything about everything except when it comes to rugby.

:-)

Regards

Dil,

Sorry - not the same PitBull - I'm a fairly recent joiner on MoneyAM having been (fairly quiet) on TMF for a few years. Also don't have dandruff problem (and Nizoral is better than H&S - apparantly!) :-)

Cheers.

PitBull.

Time for a bin-bag thread methinks.

One to tuck away......



Here's something similar, yet apparently one is a long and one a short. Go figure.

Maybe Cat uses a stop loss Bones , I certainly do , try it you'll sleep better.

There are and have always been far more "rampers" than "derampers" on the bprg threads but the price is still falling which imo suggests that anything said on these boards has very little effect.

Good luck but 100p for bprg now looks on the cards looking at the above chart.

Appears he does Bones.

Cat - 9 Mar'04 - 12:28 - 7812 of 7843


PTL - wouldnt touch it at the moment - cud go back to the quid.



Regards

So why doesn't he inform his readers on the PTL thread here that he has sold?

I am happy with my approach thanks. I still have a 200% profit on my overall BPRG dealings and do not intend to sell those I have (I have traded some on the way up). The thing is I am not holding BPRG for trading reasons overall so it is irrelevant to some extent so long as the outlook hasn't changed which I don't think it has.

Think he did , not going to fall out with you over this - I posted my reasons for calling it down when I did and believed them to be very valid regardless of the companies fundamentals which I still know very little about.

Good luck Bones.

An excelent post from Robbie Williams The Frequenttrader............


A few concerned e-mails about falls in Patientline although my response these days tends to be "you bought it - you decide whether to sell!" (Aren't I a tough guy!)

One bloke got very angry with himself and was shaken out at 126p. I replied and said you might be glad about that if it goes below!

Look, the market makers are our enemy! They are out to play mind games with us and want you to feel pain.

All I can say is if you did your homework and you think you are in a stock that has a good growth story stick with it and it'll come good over time. If you change your mind and that growth story is beginning not to look so rosy, get out! ENDS.

Couldnt agree more Robbie, and thats why I am staying put in PTL and adding more.

cheers GF.

Sorry to spoil this but I can see a visible shoulder-head-shoulder formation. IMHO if I had some shares here. To me the next stop is 110p. This is just my view. I will keep an eye on this one as I really like their business they are in. Thanks

">

RNS stating that Deutsche Bank client now holding 12.95% of the company - investment or stakebuilding?

Broker update from Ev Bee Greg. (noticed that BJ not sure)

Patientline (PTL) Add

Mkt cap: 123m Net cash: -26m Trading update Price/Target:135p/145p
On target for terminal rollout

In the past the ability to rollout the bedside terminal networks has proven
the most serious challenge. PTL has learned from several years of
experience and now the implementation is almost ‘clockwork’.
At the beginning of the year we predicted a rollout of c.20,000 terminals in
the year to March 2004, and the Company has hit that target in the middle of
the month. This level of predictability is a far cry from the early days of
operations when delays and uncertainty in ward availability led to the
company missing its rollout targets. To some extent this was beyond PTL’s
control, dependent upon the NHS and the supply of terminals. Experience is
having a real impact here and allowed the Company to take that control.
With 55,000 terminals now installed the company is a long way through the
crucial UK rollout phase. We originally envisaged a total rollout of 75,000
terminals, however given the success of its NHS IT partner IDX in winning
LSP contracts London and the SE, this is likely to be higher. At 20,000
terminals p.a. there is likely to be another two years of rollout.

Once downtime has been found for the wards to be fitted out, the rest of the
business model is actually quite predictable. We expect the average revenue
per terminal per day will continue to grow steadily as patients become more
familiar with the terminals, offset by the pull-down of new terminals being
added with low initial usage. Encouragingly revenues from mature T2 sites
are ahead of T1, demonstrating the value of the new services on offer.
We also expect gross margins will be raised by the rollout of digital services
this year, and that overheads will remain steady during the rollout phase
and drop off significantly thereafter as the costs of the rollout disappear.
Depreciation and interest will remain the major draws on profit. Cash
generation will of course be strong and constant.

Based on a 20,000 terminal installed this year our DCF valuation in
December estimated a fair price of 124p on a high discount rate of 10%.
Patientline is meeting that forecast and the model is looking more certain
everyday. On that basis the risk and discount rate is steadily falling and we
therefore raise our price target to 145p.

cheers GF.

This ones being doing very well in these horrible markets.

cheers Gf.

NHS patients may reward patience
Midas, Mail on Sunday
28 March 2004

EW things are better for a company than having a captive customer base. Communications and entertainment services provider Patientline has one of the best.




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It provides digital television, phone and internet services to patients' bedsides in more than 115 NHS hospitals.


Patients pay for the service, though some elements are free, and there is no cost to the NHS trusts that operate the hospitals or to the hospitals themselves.


Patientline installed its first system in 1995 and joined the stock market in 2001 at 175p a share, raising 40m in the process.


It raised a further 38m last year through a share placing* at 131p and increased its debt facility to 90m to help fund expansion.


The driver for its growth is the so-called Patient Power initiative in the Government's NHS Plan for the future shape of the health service. Published in July 2000, the plan set a target of this year for the introduction of communication and entertainment services in all major hospitals in England.


Patientline has one of only four full licences to provide Patient Power services and earlier this month said the total number of beds in NHS hospitals capable of receiving its services had reached 55,000.


Interim results announced in December showed turnover of 16.1m, against 22m in the whole of the previous year, and flat half-time losses of 5.9m.


Shares in Patientline, which is chaired by Derek Lewis, the former head of the Prison Service and a former chief executive of media group Granada, closed last week at 134 1/2p to value the company at 122m.


Midas verdict: Valuing a company that has yet to post a profit is tricky and you have to believe in the growth story, but Patientline looks to have one.

The rate at which it is installing terminals continues to beat forecasts and the next update on progress will come with full-year results expected at the end of May.


Do not expect a profit until 2007, which means you must take a lot on trust, but as a speculative growth company, it is worth buying

Just caught an article on the news re: Patientline and Tvs in hospital. It was a negative report on the basis that the technology is too complicated and that no one can turn them off so they are annoying everyone and also the screens are too small.

Worth trying to catch BBC news today if you hold

Didn't the BBC show a documentary on Jarvis (which was very negative) about a month ago and week after Jarvis shares were trading about 40% higher ?

Regards

Some better trades out there imo, such as long SPS, short HRR.
NAG DYOR MFI RAF

bog off Dai :-)

is this worth buying yet

No...it has crash through the support level of 1...and it going down further...buy at 60-70p.

94.5p now

Sad , made a packet on these a couple of years ago , hope you didn't follow your own advice and buy at 60p hyleo.

http://news.bbc.co.uk/1/hi/health/6449557.stm

Hospital mobile phone ban lifted

A ban on patients and doctors using mobile phones in hospitals in England is to be lifted this spring, the government has announced.
Restrictions have been in place because of concerns phones could interfere with medical equipment.