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Davand
You back with it again.
Remind are you invested in MHC.
My advice is drop the grudge with MHC.
The Markets are clearly favourable at the moment.
On a steady rise as you clearly observe.
The fact is they now have solid growth and products.
I’d be watching your investment elsewhere if I were you.
This is going nowhere until their own products start selling well. The update was just word salad . They've got barely anything without COVID propping it up. The market agrees unfortunately!!
Https://m.youtube.com/watch?v=as_PHfLOObg&t=376s&pp=ygUIY292aWQgdWs%3D
I’ve noted the spread is the narrowest I’ve see for a long time. Can dummy sell £10,000 for 14.02p and buy for 14.15p.
Let’s hope the signal at British Bull and positive moving averages bring momentum and a squeeze. This share should be back to 20s really on positive results yesterday that also indicates traction in the new products.
Still less than 1p pre consolidation
In August the price dropped rapidly from 16p after a disappointing first half set of results with only 2.5m revenue and a loss.
Since then we generated 8.5m extra revenue
And put an extra 2.75m in the bank also earning interest monthly.
Today the sits at 14p with extremely positive results and making again in the second half whilst also investing in new products.
It’s time for the market to show support for MHC and its current share price should be much higher based on the second half recovery alone.
The time has come testing to be promoted and encouraged otherwise the NHS will be overwhelmed.
Many trust like Worcestershire struggling to cope
Hotchip
Many Aim companies have no revenue and constantly issuing shares to survive as what happened at yourgene and we know how that ended.
MHC has been prudent and using Boots as its core strategy because it’s a safe one however I see new contracts and revenue streams opening that will project profits at a rapid pace.
Yes costs could be higher as advertising and marketing costs may increase but equally revenue should also increase so I see us in a stronger place.
How many people called these figures in August after a terrible set of results first half.
MHC constantly beats expectations all be it the first half year of 2023 blip caused by a government telling everyone it was “ Endemic “. That was irresponsible and I guess many lives lost as people dropped there
guard. If Covid keeps getting more problematic the government will have to spend more on long covid victims etc so it’s best encourage self testing if the government can’t afford the tests. They can’t afford the vaccines either which is why it’s anticipated private vaccines will be available soon in Boots etc.
MHC is a true growth story to emerge from the Pandemic and I believe the journey only gets better with new contracts etc
I wouldn't be expecting anywhere near 10m in the bank by June. My guess is this will go into product development, advertising and IT & maybe an acquisition, as has been intimated last year. The cash position is likely to remain stable or go down. It's good that there is optimism here, but my view is to balance things out and I see headwinds ahead.
Traction doesn't necessarily mean things are going great - could mean they have sold one more test per week than they did the week before. Without sales volumes and margins, we are just at the mercy of the words they use in the RNS.
Also, there is too much reliance on Boots - there are other outlets. Putting all your eggs in virtually one basket is very risky.
But, I do hope they will do well in 2024 - lets see what happens.
Or a PE buyout may be on the cards, as I am sure it is not cost-effective letting this run as a public company what with the associated listing, regulatory and compliance costs that come with it eating into their cash.
DYOR
RG
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=MHC.L
On a more lighter note our British bull has given the BUY signal
RG
I totally agree. Some of the most difficult conversations are the ones that cause controversy.
I have multiple HMO properties which I let as individual rooms.
There’s usually enough medication thrown in the bins to fill a chemist.
Yes you heard correctly and it’s all paid for by the tax payer.
One tenant said to me if I say I’m an alcoholic I get more benefits.
Come on it’s insane from benefits criteria culture to the NHS.
How many people come on Holiday and get NHS treatment and don’t pay.
We wonder why our taxes are so high!!!!!
I think the problem jamrock is that the NHS has become sacred. It desperately needs root and branch reform. it's manifestly not fit for purpose. But no politician can dare criticise it. Every conversation has to start out with statements about how wonderful the NHS is etc. It isn't. It's a great concept that is malfunctioning. Let's stop putting it on a pedestal and have a grown up conversation about it
RG
Correction
We are not able to use a proportion
Https://www.independent.co.uk/news/health/ae-waits-nhs-england-b2476902.html
The NHS is a mess 100%
It needs an overhaul but this won’t happen.
The time may be here when the NHS need the likes of MHC to cut out testing time and costs in many wellbeing tests. It’s a logical step.
Also I’m amazed that as a higher tax payer and all tax payers we are able to use a proportion of our National insurance to go into a fund that allows us to access it and use when we require it.
I’ve needed NHS treatment and had to wait years however I’ve seen people who don’t work get treatment before me.
I don’t believe anyone should get preferential treatment but when you make huge financial contributions and have to wait nearly two years for a simple hernia op when others in a different town get one in months it’s a joke.
The whole system is totally floored and this is just one issue
Https://m.youtube.com/watch?v=u3_J_bGo9s4&pp=ygUKY292aWQgbmV3cw%3D%3D
So from July until December we increased revenue by 8.5m so it’s reasonable to expect a similar amount of revenue in the first half of 2024 as the new products bed in and traction continues.
So it’s reasonable to expect another 2-3 million in the bank so we should estimate over 10m in the bank by end of June 2024.
So at sub 4%!in a bank account I expect £400,000 in interest.
The second half of 2023 was profitable also.
Covid
Demand high and you can expect it high until April I would guess. Actually we never know when a new variant will be coming.
They said Covid was over a year ago but WHO saying highest level in a year and 10,000’deaths in December.
How many Long Covid patients!!!.
Truth is we still have localised and a global pandemic but we are choosing to live with it. So it’s important people who are vulnerable keep testing to protect themselves.
MHC must also focus efforts on brand awareness for new products and try to negotiate new revenue streams for new products
Spread has closed. Decided to add a few. Not a game changing amount but hey ho..
The selling price rising is positive!
The squeeze is on, me thinks.
GLA
You can dummy sell 10,000 for 13.6p so the seller this morning needs to pay 14.3p to get back in!
I personally feel it’s setting up to move higher.
As a LTH I may be biased but I’m also able to see fundamentals are great
The would have been bound by closed period but now they do have the opportunity to show confidence and invest. Maybe they will!!!!!
A great shame that the BOD's refuse to put their cash into this, it would be a good follow up to a good RNS.
Is there an interview from Penny in the pipeline.?
ATB
Looks like volume will be good today. Still need to clear the seller. Strange for a persistent seller given decent results.
Volume yesterday was at a high for MHC. Will volume remain high today!
Traction in new tests which is encouraging!
Covid is running out of control worldwide so I expect the new financial year is off to a great start. So first half figures up to June will be significantly higher than 2023.
More cash in the bank than market cap !.
I like the word traction.
Let’s hope the markets are pleased
Quite relaxed. Goinng to have a lay in...
Jamrock, I hope they react after this RNS.
ATB
Https://investors.myhealthchecked.com/corporate-news/archive/2024/110124
Just as I predicted
Also cash in the bank has increased significantly
Strong position and cash to focus on products
Good comeback 2nd half.
Cyrusbiker
You would hope it should run but these shares never react how we think.
All we can do is wait until results day and if results are positive from the last update I would expect a positive move up.
The market is waiting for evidence regarding new products I pers feel.
There also seems a seller keeps popping up every now and then.
We should all know either way within 2-3 weeks. I’d guess if things are rosy Penny would want to convey this to the market ASAP.