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Are the labs they use sub contracted and shared with other providers of similar products?
Don't think so Jamrock.
Concepta is MHC - it just changed its name in 2020.
Concepta did sell its manufacturing site in Doncaster to ABDX in 2020, and at the same time agreed to outsource its ongoing development and manufacturing requirements to ABDX. Whether that agreement remains in force (at least for some MHC tests) is questionable I think given that all MHC LFT's are now manufactured in China.
Mhc sold concepta to ABDX!
Why!
Jamrock - if you go into the details of any MHC LFT here, you will see they’re all made in China. Other tests are made by Concepta, possibly in collaboration with ABDX going back to 2020 agreements.
https://www.boots.com/my-health-checked?paging.index=0&paging.size=21&sortBy=mostRelevant&criteria.category=MyHealthChecked
The Chinese tests, at least as far as I can see, are then white labelled by MHC before being sold in Boots.
Alamo
Do you feel we need to be announcing our own contracts or shouldn’t we have provided Boots with their own brand or am I missing something.
Are we producing our own or in collaboration with ABDX
Do MHC still have any arrangements with ABDX
MHC already have their Vit D test in Boots since last year. The way the posters are commentating over there you would think their Vit D test is the golden egg. I have already said that there are 2 Vit d tests in Boots already (inc here) so another will just be adding to the already large market. If you put in Self rapid test Vit D into Google you will find a lot more of the same.
May be MHC need to look for contracts with main supermarkets before Abington Health do.
I said MHC should of tried to get them on the cheap when they were in Trouble
Interesting contract announcement with a white label approach. Could MHC go down the same route with their products, or be pushed out?
DYOR
Some strange unknown share moves today!
Spindok
It’s a blue day so be happy. 😆
I am whistling that tune from Annie ...'The sun will come out tomorrow..'
Paul
The board is extremely quite these days and I suspect most people have put the shares in the top drawer.
Hopefully we get news soon but the share seems to have found a flaw and still above the 50DMA so hopefully can slowly build.
I do understand shareholders frustration and all I can emphasise is this was always a long term investment and inline with what Penny has stated it needed time to bed in.
I do believe we are gaining traction and was impressed this week with re stock time for Vitamin D tests.
I do need to add at the last update Penny stated we were nearly at breakeven and given we probably have in excess of 8m in the bank unlike shares like GDR, ABDX and other related stocks we have actually achieved a lot in this space. Self sufficient and building an incredible digital platform I hope the next update focuses on the build out of the new products that are selling well and gaining traction.
A share that offers an investment where it’s like investing £1 and knowing you have more than £1 in the bank is unusual in AIM and hopefully the market does eventually appreciate how prudent the company has been with shareholders money.
It’s a disappointment in the low share price but that’s out of the boards control and hopefully improves soon as ABDX did recently with good news.
I would like to see some Directors buying or a collaboration with other companies and more importantly news on new product traction.
Surely end of year results due soon.
Just thought I would see who is still around?
No need to reply - I have the answer. GLA
Hi - I’m not actually invested here (yet), but was wondering if someone could tell me who manufactures MHC tests?
Dunkirk
The company is financially sound and in a great financial position compared to a lot of companies.
It’s like cash for cash at these prices. 8m in the bank and under 7m market cap is a joke.
That said we need guidance on New product sales.
Every man and his dog knows it’s all about new product sales as Covid money slows. We are probably one of the only companies that actually still make anything out of Covid.
Anyway i do believe deals can be done and news will come soon as we approach next month when results are due.
I don’t feel we can knock the board because many called this stock bankrupt two years ago and we’re financially in a better position than we’ve been for ages.
5%!on 8 m in the bank is a decent amount for a small company valued at less than 7m!
I do not think we will hear much until mid April. If something does happen before its a bonus as long as it is positive news.
Jamrock I admire your stoicism but Penny just does sweet fa. So glad I got out but wish all holders well. This company has the worst communications I have ever known. My problem is the lack of information on the new products both from raising the profile and sales. Good luck.
Is it time for Penny to update on new products or new deals
Https://www.voxmarkets.co.uk/articles/this-indicator-will-signify-a-bull-market-in-small-caps-fcfba95/
What will the next results tell us!
Hopefully more cash and hopefully growth in new products
She need to update us
No longer Penny.. Now more like a halfpenny..
Spindok
I love you sense of humour.
It’s a crazy spread
Hopefully selling price is raised.
No reason for recent fall really
I remain Health Wrecked.... Sp can do what ever it likes...