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The Dow drops 500 points as Fed Chairman Powel says the new strain could keep people working from home. This is telling me that the world is petrified of the new strain. It’s clear the emphasis has to put on testing like the Chinese have done.
Bakky I think you have given a very good summary of the negatives in mhc. Billy on the other hand makes a very good case for the buy.If Governments lurch towards panic mode then there must be a distinct possibility that testing will become a permanent feature for some time to come.I think things will be clearer in a few weeks when government policy in response to the latest variant will become clearer. Either way I'm very surprised by todays fall.
Sorry, I’ll spell check next time before posting.
In a hurry to go out.
Fair enough. I know you mention they are just shout Covid.
Point is they are a healthcare company and exploited the opportunity to go into the test market.
Plenty if companies get into markets that are short lived or trends.
Look at Filofax and what they sold for.
If no one got in to long term markets then no one would sell Xmas tress each year.
That’s pretty seasonal.
MHC we’re on target for 12 million revenue up to and including 3rd quarter I recall.
Even if you guess the last quarter as a third of the third quarter revenue then we are looking at around 15 million revenue. Cash positive in the third quarter and millions in cash.
PCR will keep the company ticking over and enable the launch if the new products.
They e set their own lab up paid for by PCR revenue which will now be good to go for new product launch.
I seen little downside and results should be amazing and demonstrate longevity.
The next trading update for year end must have launch date for new products to keep momentum going.
You clearly are confusing me. Why buy any if you don’t believe in them. I guess you never brought enough and 1.8p so hoping you get a second bite of the cherry. I suspect this will bounce off the lows today around 2.9p and carry on its journey. Nothing goes up in a straight line. I’m glad you brought at 1.8p though as we all want to make money. Just tell me again why you believed in them to buy them just over a week ago at 1.9.p
Billy, not at all, as I said already have some. Just don't want to get too excited like some seem to be. Much prefer it when they get their own stuff moving.
Bakky. I am assuming you are talking this down as you want to buy in cheaper so continually posting negative comments.
got some at 1.8p so not too bad eh? Already bought and sold previously too. We will see what happens, it's trying to get back there today.
Let’s level up. Vaccines haven’t stop numbers rising so surely testing and prevention is the best cure. The fact Penny and the team were smart enough to go after the LFT market also is testimony to there quick thinking. Do you think they didn’t see a need for LFT straight away. The timing was perfect. Look how far this company has come since being a pregnancy test company. One has to seriously admire a talented board
I think you missed the boat at 1.6p. That boat sailed two weeks ago
the Boots numbers have been nothing to shout about either.
and it's all covid related, that's the problem!! Let us see how and when their own products sell. Then then the sp will be underpinned and move forward. This still might retrace back 1.6p again if this new variant turns out to be overdone.
Fandango 123
You, me and many others on the same page but it’s healthy to have people putting there views forward. I’ve always said let the figures and results do the talking.
The £8.5 million revenue was just for Q3 of course. From the 29th Sept RNS. "The company also provides an update on further strong trading in Q3 (revenues of at least £8.5m, adjusted EBITDA* of no less than £1.4m, and cash generative for the first time".
Since then a new rapid anti-gen testing service has been launched for travellers.
This company is just at the start of an amazing growth story.
Zak Mir once again for the Six day in a row giving us a technical charting analysis. He’s saying the risk reward is in favour of us pushing higher. We all expect a little profit taking this will push on again very quickly. Bill gates and George Soros did buy Mologic with intentions to supply Cheaper LFT to poorer countries however MHC are in a sweet spot make huge profits and turning this company into a huge growth story. From £12,700 last year to 8.5m projected turnover and EBITDA of 1.4m expected. Cash positive expected. Please tell another company your in with better results. Do you really think G7 convened a meeting for no reason. The world needs to get a grip of the virus and testing is the only way my friend. Vacation is not a cure but merely a vaccine to lessen the effects and many people vaccinated still catch it more than once. Prevention is the best cure 100%. Please look at the website and tell me there new products don’t look like money spinners. Show me a company that grew faster this year please.
jamrock, so what else are they selling..Don't care much for plans as they often go wrong. There is also much competition for the future products they intend to sell. As for 7p, well it was super hyped/pumped/dumped by TW and guerrilla man Dan.
Bill Gates bought Mologic as a vanity non profit project to make affordable LFT tests for poorer countries.
Do people keep forgetting Bill Gates and George Soros recently brought out a Covid business. I really think they believe covid tests are going away any time soon. These are the smartest people around so I’ll follow the real money men and do as they do. I think there wealth speaks for it self. More Testing on the way.
Covid Is here to stay and we have no control on what requirements other countries state they want. Do you think they will let people from the Uk to enter with clear tests if this variant keeps rising. I doubt it.
Bakky
I certainly don’t see MHC as a one trick Pony.Have you not listened to there plans. Haven’t you realised there new products will be here shortly. I think you must be reviewing the wrong company. They went 7p before when they started the journey. Sorry disagree and we’ll see how this plays out but I love the volatility as I get them at a bargain. Delivering on everything it promises and even more
IMO we will dispense with the tests and open up everything again....and much sooner than you think. This is when the variant is confirmed as not a concern, although highly transmissible, only causes mild symptoms. Therefore, no justification to have these restrictions and we are ok not to test as intensive as we are now.
So, the uptick in tests will be very short-term, nothing to get excited about, and the SP settling around the 2.7-3p mark is justified re market cap. Shouldn't be rated higher than this based on fundamentals.
DYOR
you can't really compare MHC to Ygen. I still think many see MHC as a bit of a one trick pony until the other products come onboard. You just need to look at Ygen's website to see the difference with all the products and clients/customers they handle.
I was looking for a company to Campari MHC and the only other one I think is Yourgene. I was shocked to discover that despite the blow out results in October and the positive statement put out the shares haven’t gone up like MHC. In fact they haven’t moved even with all the good news regarding Covid and great results and fact they will be delivering there results around mid December. I expect these to blow the market away and the shares to move quickly However
I couldn’t help notice they had a Market cap of 90m compared to MHC which today sits at 26m Market Cap. This clearly shows how undervalued MHC really is. Whilst I also think Yourgene is an excellent company which is undervalued it made realise just how undervalued MHC really is. I’m sure the investors much realise this surely. With all our recent news and new products we must warrant and similar if not better Market Cap than our Piers
We smashed through 3.60 this morning and we will try again. Once we break and hold this I strongly expect a major move upwards as new rules come into place. The board will have no choice but to make a statement revising the figures for earnings upwards based on early data and the fact LFT are now available. The figures show more sales in Boots etc so it’s clear and the government can’t drop these tests like last time. They are seriously aware of the previous mistakes when dropping PCR tests
8p and its a start of december, new year range into double figures..good luck all
But as the virus spreads there are fears short-haul European airlines such as EasyJet could also be hit.
Mr Lundgren told the BBC's Today programme his airline had not so far seen the same impact on bookings as when previous restrictions were introduced.
He said the customer booking changes had mostly been people moving imminent trips to early next year.
Mr Lundgren said he was supportive of the swift re-introduction of the "red list" crackdown on travel, but "there's a question mark around the blanket PCR testing" for infection.
"It's not obvious to me that if you're travelling in from a country… that doesn't have any reported cases of the Omicron, that you should assume that you should have to take an expensive PCR test," he said.
Contradicts what Moderna saying about the zombie on variant though. They seem to have introduced the PCR tests very rapidly for a mild variant. MHC also HAS its own LFT as well as the PCR tests. So wide range of products.
What do you feel Johnny that the Radio is right or the Worlds Leaders that are trying to keep Omnicron at bay ?