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Disappointing to see the recent fall and all eye on the 50 and 100 moving day average for support. The RSI holding above 50 is positive but a catalyst needed for a surge back to 16p.
The company probably won’t say anything before March as results were March 3rd in 2023. Then again they may spring a surprise to get the price moving!. Maybe Penny will buy some shares!!. Now that would be a positive surprise
Spindok
Relax have confidence it will rise again. I guess someone needs to clear a tax bill lol.
The key is will buyers come back in to mop up the shares sold!
Sometimes we need sellers to get things moving as it was at a stalemate lol.
Covid tests still selling all be it a slowdown of 50% I’d say since mid February however some of the other 20 products picking up so hopefully the new lines showing traction.
It’s going to take time but we will overcome some day!!!
The way I feel today I need my health checked . Been wiped out. Going bsack to bed!!
Https://www.voxmarkets.co.uk/articles/this-indicator-will-signify-a-bull-market-in-small-caps-fcfba95/
This makes an interesting listen.
They discuss what most of us feel!
MHC is a company which is one of the only companies still making money from Covid whist growing other test revenue.
They actually state it’s amazing they have more cash than market cap and state it’s priced wrong.
The key is growth in the new tests and then we will see a flurry of investors trying to get in.
I hope we get an update shortly to clarify things regarding strategy and revenue from new products!
However I do believe the markets unfairly punished MHC for the first half results in 2023 that were expected whilst they under went a transitional period from Covid revenue to new revenue streams.
I believe the market will soon understand how prudent they have been in conserving cash whist developing new products.
Now we just need traction and growth then boom times.
Spindok
I understand that also.
All too often we invest I. Companies that forget about shareholders and it does make you question why.
The truth is it’s all a risk but banks are a stable investment ATM. That will change though as interest rates fall.
The problem is the market are way to quick to punish companies for the slightest and you wonder how they survive.
MHC have been shrewd to keep cash reserves and not diluting has helped.
I just hope we can get more traction has Covid sales drop off.
Any signs of a deal with GPS and Chemists etc with NHS patients and this share would go ballistic.
Maybe I’m getting ahead of my self lol.
Just nice to see us slowly ticking up even on pullbacks.
Directors could restore confidence by buying also.
Even a small buyback using interest earned from cash in the bank would be a wise investment by the board.
Spindok
It’s crying out for an update and Direction from the Directors. It’s so Amazing they haven’t bought in at low levels.
Is news coming
Two buys at 14p.... Every little helps..
Over the years I have learnt that jumping about does not really pay. Do your research and hold.... Truthfully though I am beginning to think I am no longer interested in risk.. I can now get 8 per cent in the building society and 6 in an isa!! I want to play as soon as the sun comes out without having to dig myself out of market down turns ect..
Spindok
I’m in your court.
I’d love it to jump to get some attention and more share movement. The thing is we could do with some news and it would be game on otherwise anyway possible in this markets. The thing is it’s holding solid atm. Hope I don’t speak too soon. Lol
I have patience. Just content to wait.
Spindox
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=MHC.L
Let’s Hope British Bulls can get it correct.
MHC should really be in its 20s based on fundamentals.
If only we could get a positive RnS.
Maybe even Directors buying!
Let’s hope so
Blue sky now to 16p. This will get noticed again soon.
I agree they should invest but I do believe they have been prudent and professional keeping imus with a decent balance sheet and no need for funding. This share is about market belief and one day hopefully the market will warm to MHC. Unfortunately most shareholders suffering waiting for good news
The share price is ticking up, but still extremely under valued.
Just hope they don't come with the begging bowl, when it does get higher.
ATB
Hi all, I find it inexcusable that Penny and co, can rock up at an interview and promote an excellent company, which it is, and not put their hands in their pockets and invest.
They need to have a word with themselves,
Not very professional.
ATB.
Market cap still less than cash in the bank. That’s absolutely absurd.
The PE 4.4 is also crazy.
A shell company with no products or revenue gets rewarded better status on the market.
Definitely time for a rerate and time for the board which was the only female CEO at one point to get better respect from the market. You’d actually believe the the markets had it in for successful woman leaders but HE1 demonstrated how powerful woman are leading the way.
Penny will also receive the same credit soon however I would welcome a share buy back or Directors buying to show confidence however it’s their personal choice. The problem is shareholders look to them for guidance
Https://zakstraderscafe.com/bulletin-board-heroes-february-14/8433/
Is Zak correct about 16p then 21p!!!!
I think we would all agree this is a reasonable assumption and it’s well undervalued at these levels.
A cash shell gets a better valuation than MHC but the market appears to be waking up.
A write up in the Daily Mail yesterday.
Not Many sellers and more positive buying so now would be a decent time for a positive RNS if Penny wants the share price moving in the right directions
Wessley
You once flew the flag also!
Maybe you should again!
It’s risen a bit in the last few days so maybe the markets are thinking the price was too low.
Most investors happy to see a rise for now.
The Directors would do well to buy a few
Https://www.google.com/search?q=mhc+share+price&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari
Mhc up 11% today!
Not a sign but still cheap. Less then 1p pre consolidation.
Is this a the start of a new higher floor price as we track the 200 DMA or will fade!.
Either way it’s a positive move and any positive RNS could significantly move this up.
Wessley
I’m definitely flying the flag.
Just need to also fly the flag and buy some lol.
Today was expected as British bulls predicted it.
It’s still in a uptrend from lows but definitely feels slow.
Glad some of my others like QBT and Argo doing well today.
As sure as night follows day - you can be sure that hop on to this BB and loyal Jamrock will be here. Flying the flag.
Penny is so lucky to have a complementary investor relations associate.
Jam - sell and spend the money on your family.
Morning all
This would be fantastic moment to drop a decent RNS to give the momentum a reason to keep going.
Looks like selling price rising so hopefully the buying price keeps going.
More cash than valuation is absolutely crazy.
No debts
PE of just 4 criminal
Decent level 2 in MHC
Someone just paid nearly 13p so I expect selling price to be raised to encourage sellers.
Https://zakstraderscafe.com/bulletin-board-heroes-february-6/8392/
Zak’s saying 16p again by end of February.
Time for update from the company I thinks