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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...
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