Totally is a top tip

WHEN top fund manager schroders takes a sizeable stake in an AIM-listed company with a market capitalisation of £4m, it makes you take notice.

Totally, at 42p, is my share tip for 2016. The company provides design, implementation and delivery of services to the healthcare sector.

Its clinical health coaching services business is the jewel in its crown and is expected to lead the way to profitability.

It provides one-to-one coaching from a nurse which helps patients self-manage their conditions.

Hospitals are happy as they save money on unscheduled admissions and some have already signed up.

Chairman Bob Holt, who has beefed up the board since joining in september, put his money where his mouth is by snapping up 600,000 shares in a subscription that raised £1.05m at 17.5p.

He also agreed not to draw any director’s fees until Totally is generating annual earnings of £1m.

An earnings enhancing acquisition is on the cards enabling that figure to be reached sooner rather than later.