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Totally PLC to Appoint Administrators and Suspend Trading

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Totally PLC to Appoint Administrators and Suspend Trading

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The latest announcement is out from Totally ( (GB:TLY) ).

Totally PLC has announced its intention to appoint administrators for the parent company after a strategic review failed to yield solvent offers. This decision, aimed at protecting creditors’ interests, has led to the suspension of trading in the company’s shares on AIM. The resignation of Canaccord Genuity Limited as Nominated Adviser and Broker further complicates the situation, with the potential cancellation of the company’s shares on AIM if a replacement is not appointed within a month.

The most recent analyst rating on (GB:TLY) stock is a Buy with a £20.00 price target. To see the full list of analyst forecasts on Totally stock, see the GB:TLY Stock Forecast page.

Spark’s Take on GB:TLY Stock

According to Spark, TipRanks’ AI Analyst, GB:TLY is a Neutral.

The overall stock score of GB:TLY is 53, indicating challenges primarily due to financial instability and valuation concerns. Significant risks stem from negative cash flows and inconsistent revenue. While technical indicators suggest bearish trends, insider confidence and recent contract renewals offer some potential for improvement.

To see Spark’s full report on GB:TLY stock, click here.

More about Totally

Totally PLC operates in the healthcare industry, focusing on providing services to patients through its group of companies.

Average Trading Volume: 3,178,575

Technical Sentiment Signal: Sell

Current Market Cap: £471.7K

For an in-depth examination of TLY stock, go to TipRanks’ Stock Analysis page.

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