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Just a reminder, this was before summer hols..
From trading update RNS..
The COVID-19 testing service has been the main commercial driver of performance in the first half. MyHealthChecked's services have been included as one of the suppliers on the Government list with "Fit to Fly", "Test to Release" and "Days 2 and 8" testing, and the Company has established a key commercial partnership with Boots UK Limited ("Boots"). The MyHealthChecked COVID-19 at-home nasal swab kit and PCR laboratory testing service launched in April via www.boots.com and across over 500 Boots stores in Great Britain. MyHealthChecked subsequently signed a second agreement with Boots to provide COVID-19 test kits and laboratory testing services for day two and day eight coronavirus testing for international arrivals, which launched mid-May.
As a result, there has been a significant uplift in sales for the period, particularly driven by higher COVID-19 testing revenues during May and June. Revenues for the six months to 30 June 2021 were £3.27m (H1 2020: £12,700), with just over £3m of these sales booked in the final two months of the period. Whilst customer discussions are ongoing and there is still no certainty over ongoing volumes of sales, it is likely that these increased revenue levels will continue into the summer and will have a positive impact on the results for the financial year ending 31 December 2021.
Cash balances at 30 June 2021 were £2.21m, reflecting investment in personnel and marketing in readiness for commercial growth, and higher than normal inventory costs during the period as stock is built up in anticipation of continued strong sales in H2 when the company expects to be cash generative (H1 2020: £1.35m).
16 posts is dead really. Top5 chat today is 96 posts so far so hardly loads of bullish posts. Just those who are here are bullish as the numbers suggest MHC is going to be a cash cow these next two months.
Under the radar, Look at the other testing companies with no sales. Very busy boards. Clearly a seller from the early days here. Placing a good few months ago was 1.75p. Always going to get flipers who took part. Once seller is cleared, trading update comes and this will re rate imo.
Many Many bullish posts yet the share price continues to go lower why is this ?
Yeah, they have 8 partners of which BOOTS is one. Boots has the benefit of being a known brand.
Out of those 8 partners you think our test with BOOTS is only going to sell 1% of sales??
I'd say 10% very very easily would go with BOOTS, a known and trusted brand.
Don't get me wrong, the numbers MHC have sold already are fantastic and justify a much higher SP than we already have. I expect them numbers to jump significantly now, but, there's cheaper testing out there and most folk will go with that over a known brand like Boots. This is an evil necessity not a chosen luxury!
Have you been on the easyjet website and had a look at the PCR tests on offer? If I'm travelling easyjet then I'm obviously looking for cheap travel, and cheap PCR testing too!
Zombi3.
It could be a lot more than 10% my friend.
How many private PCR tests are there around to buy?
How many have a fantastic Boots agreement?
I'm not opening the champagne yet but it's in the fridge!!!!!
GLA
10% of that 135000? You're dreaming! 1% of those passengers would be good, there's also a lot of other travellers who will be buying MHC too.
Just Easy Jet's 135,000.
Fit to fly tests = £8.775m
10% of that would be £877k just this weekend
Come on MM's, take it down more.
FrankiesFortune.
We should get at least 10% of the market here.
People just don't understand the potential here.
GLA
Grabbed a few more this morning. Those amber routes need to spend a lot of money on testing.
Fit to fly, Day 2 and Day 8.
Serious cash cow here by the looks of it.
https://news.sky.com/story/covid-19-minister-apologises-after-travellers-complain-of-total-chaos-at-airports-12363887 see the amount of EasyJet travellers
FrankiesFortune.
It's shaping up very nicely here.
GLA
I would say acquisitions could well be on the cards. You never know. Maybe a special divi.
One thing for sure, It's going to be a lot more the next two months than the £3m the last two months.
Could see sales as much as the market cap from the 3/4 months of summer.
You're right there LM!
I can tell you what they’re definitely not spending it on.
Marketing &PR!!!
My only query is what they're going to do with all the money they're making? So they bought Nell Health a few weeks ago, but that was with shares. They're going to have (tens of?) millions in the bank, what could they spend it on?
Weathergeek.
I think this is the most exciting share over the next six months.
Numbers will HUGE.
GLA
"Heathrow Airport expects 60,000 passengers to depart daily, while Gatwick says it expects 250 flights a day - up from a low of just 15"
3m sales in May and June... Growth is about to go large..
Posted that last week, 1.5m Easyjet passengers for June.. Lets see what July says..
"Covid-19: Air travel takes off on busiest weekend since pandemic began"
https://www.bbc.co.uk/news/uk-57948383
GravyTrainComing.
We all know what's coming here.
Fantastic numbers that are just going to get larger and larger.
GLA
Read and weep.:…
This is from ezjs report this week. Passenger numbers.
April 21 524k
May 2021 870k
June 2021 1591k
Q3 2021 2985k