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Young cancer survivor aims to increase £250k to extend application encouraging people connect for assistance

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Young cancer survivor aims to raise £250k to expand app helping patients connect for support
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27-calendar year-old who survived most cancers 2 times is aiming to raise about £250,000 to grow an app that helps clients link with each other for aid publish-prognosis.

Brad Gudger was diagnosed with chronic myeloid leukaemia aged 19 in 2013, and went into remission ahead of relapsing aged 24. The 2nd time all-around the application founder experienced to go away his lifestyle in London and return to his parents’ residence in Yorkshire. He felt isolated and lonely whilst in a healthcare facility ward awaiting a bone marrow transplant, as his immune program was so vulnerable he was not equipped to leave his home.

The advocate made a decision to try to build some thing that would let himself and fellow people to really feel significantly less by yourself, to quickly talk with other folks heading via the same issues – even if they could not meet in human being.

Working with contacts in the charity sector and utilizing donations from generous survivors, Mr Gudger expended the earlier number of yrs creating a crew and creating non-revenue application, Alike.

Londoner Brad Gudger, 27, established the app soon after his very own battles with leukaemia

/ Alike

The application, which can be downloaded on the Apple Application Keep and on Google Engage in, delicate-introduced before this yr and has given that seen a lot more than 600 signal-ups.

It presents a social media platform for folks with most cancers, or who are in remission. The overall procedure is led by most cancers survivors, and buyers can join dependent on a combination of analysis, tales and fascination.

More than 80% of young folks identified with cancer practical experience loneliness for the duration of and just after cure, in accordance to recent investigation. The notion is to give a system for peer support – to allow persons to have a space to talk to inquiries, to make friends, or just to talk with people who absolutely understand their scenario.

The founder explained: “Originally I was nervous about the start. This has been with the workforce for the earlier two yrs, and now there are people I have by no means met right before sharing their tales and experiences. I am observing actual individuals hook up. It’s an indescribable experience.”

Jay McLaughlin, 41, a vogue photographer from London is currently in the middle of cure for Phase 3 Colon Cancer.

He said: “Treatment is brutal and it’s invaluable becoming able to ask a bunch of folks who have gone by way of it or are heading as a result of most cancers weird thoughts, like ‘is this ordinary to crave this type of food’ or ‘should I be sensation this?’ – all of that things. It’s far more humanising to know there’s a particular person connected to the label of cancer.”

The app’s designer Max Kramer, who dropped a near pal to cancer, donated his time for absolutely free above the earlier year to design and develop the application.

It can sustain alone at this degree with volunteer help, but wants all around £250,000 in further funding to help the founder to shell out for new characteristics giving added support, and for whole-time staff associates to enable the application “realize highest impact”.

Mr Gudger, who has also been supported by Soho Dwelling and will work from their outlet on The Strand, mentioned: “Technologies is costly.

“We have been supported by a number of big donors, who have generously supported us. But now we’ve developed the app, and we are seriously wanting to scale it up and we need economic assist to do that. We have to have the money to expand.

“I cannot wait around to take this to the future degree… We want to build know-how that helps our partners as effectively. We want to utilise a site services element that would assistance survivors locate individuals in their possess space, and also construct a signposting instrument serving to cancer patients and survivors find regional experienced psychological overall health support.”

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The 30 major companies doing £8 billion of share buybacks, and why they’re doing it

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The 30 major companies doing £8 billion of share buybacks, and why they’re doing it
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he City is calling it a Buyback Bonanza.

In the past fortnight, both Unilever and Diageo have announced they are buying back their shares to the tune of billions of pounds.

Research for the Evening Standard by share trading platform AJ Bell shows major UK companies have announced pland to buy back more than £8 billion of shares so far this year.

Of the 30 top names, some of the UK’s biggest companies feature, ranging from BP and Standard Chartered to Barclays and Balfour Beatty.

But what do buybacks mean, who does them and why?

When companies have built up a lot of spare cash from selling their products and services, they have three choices; invest it in something new that will hopefully generate more profits further down the line; keep it for a rainy day; or hand it over to shareholders.

If they choose the latter, they can either give it to the investors as cash – usually done as a dividend – or they can do it by spending the money on buying back the company’s shares from the investors.

What’s the point in that?

A share represents a slice of the value of a company. If you reduce the numbers of shares in issue, theoretically each share should be worth a bit more.

Also, it means that the big institutions get cash back for their shares when the company buys them. They can then invest that money elsewhere to get a higher return.

Generally, a company will tell a broker to go into the market and buy up a certain amount of stock, generally from the big City investors. UBS is doing the deed for Diageo.

Retail investors don’t generally have their stock bought back but they do benefit from the appreciation in the share price and a bigger share in the future dividends.

Why are so many buybacks happening now?

Through the Covid crisis, companies cautiously held onto as much cash as they could to get through the economic calamity brought on by the pandemic.

Many held back on paying dividends to investors, or reined in their spending on marketing, research and development or takeovers.

Now there seems to be an end in sight to the pandemic pain, those who can’t think of anything better to do with the cash are handing it back to shareholders.

Russ Mould at AJ Bell says super low interest rates are also driving the buyback trend: “Low interest rates mean firms are not gaining a decent return on any liquid assets,” he says.

Does the share price always rise when buybacks happen?

Not necessarily. BP has been doing them for years and it’s had little impact on the price, although you could argue that it’s impossible to say exactly what influences a share fluctuation. It’s possible BP stock would have fallen further if it had not been buying some of it back.

How should investors interpret a share buyback when considering a company?

Views are different. Most investors see them as a sign of confidence coming out of a recession, in that it shows management are less cautious about holding onto cash.

AJ Bell’s Mould says buybacks may also suggest management considers the shares are too cheap. After all, everyone in business wants to buy low and sell high. It is, then another vote of confidence in the company.

But it can also suggest management has run out of ideas about where to invest. That can be an indication either of unimaginative management or a boring, low growth industry. It could also mean management is risk averse, which could be a good thing.

E-commerce player The Hut Group this week issued new shares to expand its fast growing operations. That diluted existing shareholders but the stock rose because investors hoped the company would be worth more in the long run as a result of the deal.

Fast growing companies, particularly in tech, will often issue new shares to raise to cash because there is so much to go for in their markets to boost future profits. The slice of the pie may be thinner, but the pie itself will be larger.

Yes. Buybacks have come in for criticism because management teams have been accused of using them to juice up their bonuses.

Some bonus schemes are based on earnings per share (EPS) of the company. EPS is a measure where you take the total profit made by the company and divide it by the shares in issue. Naturally, if you reduce the number of shares that are out, hey presto, the EPS rises.

Some investors see buybacks as a form of financial engineering rather than improving the actual operations of the company and investing for solid, long term growth.

There is also evidence to suggest that, while management teams may think the shares are cheap, buybacks are generally done during bull markets when shares are actually at their highs.

More than £10 billion of share buyback plans were cancelled in 2020 when shares were probably at their cheapest. Buybacks done in, say, March last year would have been at rock bottom prices, producing a maximum EPS boost.

AJ Bell also warns that some companies are under so much pressure to give back cash to investors that they go into debt to fund the buyback. That could destabilise the business.

So, be wary of companies who buy back shares at any price, preferably setting a maximum they are prepared to pay and explaining why, and be cautious of those who do buybacks when their debts are high.

Diageo is quite highly indebted and its share price relatively fully valued, some analysts have warned. While the shares shot up more than 3% today, some of that could have been due to big profit upgrade it also announced rather than solely the buyback plan. It remains to be seen whether the buyback alone is a significant factor.

Mould says the final word should go to Warren Buffett, the so-called Sage of Omaha who, with his sidekick Charlie Munger, has been beating the markets for decades: “Charlie and I favour repurchases when two conditions are met: first, a company has ample funds to take care of the operational liquidity and needs of its business; second, its stock is selling at a material discount to the company’s intrinsic business value, conservatively calculated.”

Diageo

£1bn

Unilever

£2.6bn

BP

£360m

IMI

£200m

Quilter

£187m

D4t4

£300,000

Natwest

£1.13bn

Ferguson

£290m

Arix Bioscience

£25m

Raven Property

£7m

Somero Enterprises

£1m

IP Group

TBC

Balfour Beatty

£150m

Gamesys

TBC

Domino’s Pizza

£45m

CRH

£216m

Sage

£300m

Trans Siberian Gold

£1m

Rightmove

TBC

Griffin Mining

£7m

Spectris

£200m

Standard Chartered

£181m

Berkeley Group

£129m

Glanbia

£44m

CML Microsystems

£8m

Barclays

£700m

South32

£180m

Plus500

£18m

Zytronic

£10m

Contour Global

£23m

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