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Tpk and ff you both post excellent summaries that provides balance. I think ff in the short term is correct ,the market will see it very much as he does . Medium term Tpk could be right but of course the company deliver on selling products which people don’t have to purchase. I personally inclined to hold on .
Yes Krazy I agree, which comes back around to what you said I guess FF, the market will decide. Apologies I didn't mean to offend. We shall see what happens next week, it will certainly be interesting.
TPK, I am far from a naive investor, and we will see how the market reacts to the SP over the next couple of weeks. We are all here to make money? I do NOT ramp or deramp, I say it how i see it. That might be right or wrong. I have not said the money made these last couple of months is not good for MHC moving forward, I see the market seeing this as a very short term gain that will have little impact on share price. Everybody knows roughly what MHC will sell, the market in my opinion has already taken this into consideration. It’s not going to be a surprise, otherwise sell all your assets and invest here ? As always best of luck and DYOR etc etc…
The market for PCR test is not gone. There is still the need for testing for both the unvaccinated and others. From a recent neswpaper article ''More than a quarter of the population – some 28 per cent – is currently estimated to be unvaccinated. In numbers, that’s roughly 18.6 million people.'' and also holiday booking have said to surged by over 200% due to the announcement so there is more people travelling.
Even with less people travelling from May to End June MHC Made £3.27m and in Fridays RNS quote ''This trend has continued into Q3 with monthly testing volumes exceeding those seen in the final two months of H1.'' So we expect (as most anticipate) a Q3 trading update over £3m. Most likely double this as a minimum (IMO).
Then there is an update on the other projects which are due an update in the Investor presentation in a few weeks time.
The main thing for MHC for me is that it has managed to get a large cash injection from these PCR tests which are fully government accredited. Yes revenue is not the same as profit but a purchase order of £1m and revenues to start with of £3.2 up to 31st June is not to be frowned upon.
Also most AIM shares do not get to the point of revenue generation and are just carrot and stick. MHC is generating and has a relationship with one, if not the biggest Health and Beauty stores in the UK, Boots and also has its products being sold on one of the UKs largest Pharmacies, Lloyds Pharmacy. These should provide a platform hopefully for MHCs other projects once they come to the market.
We have to weigh up the current revenue injection and future potential and see if this is worth the £18MCAP it has already or is it worth more? Is MHC a one-trip poney or does it have more in its line to offer to the market? One thing I believe we can rely on is that soon it will be cash rich .. how it uses this cash will be important as to how the company proceeds in the future. Over Sold? Under Sold? The Market will decide.
No I didn't buy on the high. I've been buying all this week though because IMO it's now way undervalued. £16m market cap with £6m/7/8m+ revenue on the cards. I understand your point that the future product sales are extremely important. Absolutely. But that doesn't mean the results and amount of money we have made are worthless to the company. There are numerous reasons why the results are important and so will lift the share price. I found your comment naive and so assumed an alterior motive. I'm not going to filter as this is what these forums are for discussion, and it's okay to disagree in a respectable manner. Also, there are reports that holidays and flights are up 200% since the announcement, and many people will still need fit-to-fly tests as the RNS stated, so there is still money to be made from PCR tests even if we are all now looking ahead to the new products.
TPK, I write it as I see it. I aired my concerns over PCR testing for arriving into the UK, we’ll before it was announced on Friday! I also bought to everyone’s attention the tie up with Lloyds Pharmacy. Perhaps you have made the mistake of buying high, or falling in love with the share. Boots sales have fallen off a cliff and the long term future of PCR testing here at this present moment does not look good to me personally. IMHO I don’t see it any other way at the moment. If you don’t like my views, just filter me! GLA
FF - Of course the results at the end of the month matter! Did you by any chance downsize your position here last week and are now regretting after that late RNS? Genuine question, because your posts seem very negative for someone with a supposed vested interest. It's almost as if you want the share price to stay low. I guess we'll find out on Monday and the run up to the 29th how it will effect the share price. I'm expecting a different reaction to you that's for sure.
By the way it was going to negotiated trades on just £500 quotes in the last half hour on Friday. That was even with all the doom and gloom. After that RNS it should be an interesting morning, and the following week. All IMHO of course.
IMHO we are only going to be judged by the market on the future of the business and not money made over the last few months. I hope that the money made is invested wisely to grow the business. Due to this I don’t see the results at the end of the month doing much to help the SP. I might be wrong! DYOR. GLA
I’m glad the BoD made the announcement yesterday- it showed us shareholders that they’re aware as well they might be with their own large holdings.
I’m hopeful we might get some mention in the weekend press and this statement will provide reassurance for next week’s share dealings.
Some other big holders (like Tom W*********) will have been seriously impacted by the sudden falls this past week. For me, I tried to mitigate it by topping up - but the stock markets can at times feel like you’re catching a falling knife - so I topped up again yet ever lower but only to see it fall a bit more. I content myself knowing that MHC is doing really well and we’ve had confirmed that the money is still being raked in.
As sure as night follows day, that money will be the rock on which the share price will rise again.
It seems like a well times RNS to me. Confirming what we all suspected - that the revenue would continue to be high. Should stop the rot in the SP next week I think. Hope we get some indication of profit at the end of September results! Could be good
Yes an excellent announcement by the BOD…..reads a bit like a “speeding ticket” but in reverse :)
“As announced in the 7 July Trading update H1 revenues dramatically increased to £3.27m (H1 2020: £12,700) driven by COVID-19 testing services. This trend has continued into Q3 with monthly testing volumes exceeding those seen in the final two months of H1. Further information on Q3 trading will be provided in the results statement scheduled for Wednesday 29 September 2021.”
Very happy with my top ups this week and will enjoy this weekend but also looking forward to Monday when hopefully the market will react positively to this announcement and confident we will get some good results in the trading update and timeline on rollout of new tests on 29th September.
'Whilst the Government has announced the removal of Day 2 testing from an October date to be confirmed, the Directors remain confident that monthly testing volumes will remain a significant contributor to growth throughout the remainder of the financial year, even with levels naturally lower than the peak levels seen around summer holiday period. These revenues are still expected to contribute significantly to the results for the financial year ending 31 December 2021 and the Directors remain very optimistic about the business prospects for the full year.'