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I can't really see them going any lower than the green standard of one PCR .
don't forget there are still may countries that will want a pre arrival pcr before you leave for their country.
Yes, I still think PCR will play a big part as Shapps has said tests will maybe go from 3 PCR tests to maybe one. Handjob has mentioned taking lft instead of quarantine but yet to be decided. I still think PCR will have to be used to track and sequence for variants.
I meant after return from holidaying in what are now amber countries, after regs are relaxed.
Does anyone know if PCR tests will be mandatory on returnafter regs are relaxed? I have a neighbour who is going to France this week and has to take a PCR test before arriving there... which after research... he is doing at Boots just before boarding Eurostar!
As penny Mc said, they are a totally different machine from last year, and with much better products to launch. In meantime they are making hay with the PCR offering which are selling like hot cakes it seems.
LargeGin / Bakky - fair points to make. I know they've said quarter 3 and I know it's a new Board but my background is from when they were called Concepta and for all the greatness of that particular product, their turnover was only around £50,000 for the whole year 2019 and again for 2020.
yes, they say it's too early for any figures as they have only been selling tests for a matter of a couple of months. At least give them a full quarter to get their teeth into.
dactions, a couple of points ;
1. they had a fund raise in Feb
''Post the year end we strengthened our financial position by raising £3.4m (gross) at 1.75p to support the commercial launch of our wider product range and to fund the development of a portfolio of easy to use DNA tests. These funds will also allow us to double our team by December 2022 and increase our investment in marketing to accelerate commercial growth''.
2. Cash flow is fantastic, they get their money upfront direct from the customer, every hour of every day, (£100k + week) so don't need to wait for funds, they get it before anyone else, and I expect they have great terms with Ygen too.
Price to buy right now is 2.94p.
There's been some good points made as to the current weakness - not least that possibly MHC had reached a peak too soon and which was unsustainable. Clearly they must be shifting a good level of test kits, but the longer this goes on without publishing any meaningful figures - we are really in the dark. I could imagine that if the sp stabilises around this level, there might be a temptation by the BoD to raise additional funds - for no better reason than they can and to meet cash flow needs - as the last published figures for end 2020 showed their cash position was low. Income flowing in from the likes of Boots would be on delayed payment terms.
I think a cash raise would be supported by II's and I only say this because many companies have raised additional funds this year and it's a concern for me with MHC when we don't have sight of any trading figures yet.
Your right copro, probably should never have hit them highs! I'm just starting to hurt now since I swapped over from an investment account to isa on April 6th,the day they announced the boots contract! So although I look nearly 50% down I'm not, but I can't work out just how far down I am!
Agree Copro.
GLA
The reality is it should never have been at its peak of 6p. TW and Dan L were both so enthusiastic it caused a spike that has proved unsustainable. If you are convinced this company has a remarkable opportunity with testing which will lead to product launches with a solid sustainable future, then ignore the recent "collapse" in the share price and think of this as the right time to buy.
Bakky, although I have every confidence these are flying off the shelves and MHC are making a lot of money, the share price has dropped 45% in the last month alone. It's time they released some numbers and let us work out for ourselves how this will play out going forward.
We've had a couple weeks of one beach holiday destination on the green list followed by continued sales without any real green list holidays.
Things are obviously really going to ramp up come the school holidays and more green list countries added but that could be another month or more and the SP will really be down the pan.
Just listened to this song and thought of this share
https://www.youtube.com/watch?v=WlhyLCS0KXs
what makes you think the Bod don't seemed concerned ? All they can do is keep raking in the cash, which they are doing atm.
Been a while since I have held a share that has fallen daily. Will this ever rise again? BoD do not seem concerned!