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which email? do you know more?
Marc has stated that they don't need money and that they have a war chest to roll out the strategy. The email to investors may tell us more when it lands today.
with the loss rate of 1.2mio pounds per quarter compared to the cash of 3mio pounds they do have 2-3 quarters in increase revenues. otherwise they need to raise cash again
https://www.accesswire.com/724518/Goodbody-Health-Limited-Publishes-Financial-Results-Q3-2022
Goodbody Health turns focus to preventative diagnostics
03:15 Fri 11 Nov 2022
Jai Singh
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Goodbody Health Ltd
AQSE:GDBY
OTCQB:GDBYF
Goodbody Health Ltd - Goodbody Health turns focus to preventative diagnostics
Goodbody Health Ltd (AQSE:GDBY, OTCQB:GDBYF) said its focus is now on preventative diagnostics as it looks to become a “leading aggregator” of innovative technology and tests.
The health diagnostics firm said in a third-quarter trading update that it will focus on blood and genetic testing alongside other services at its 258 clinics, including ear wax removal.
“The range of opportunities to develop our proposition in this exciting growth market to support the NHS and help people have better health outcomes are very exciting,” said chief executive Marc Howells.
“This direction of travel is one we embrace and look forward to delivering in the post-covid UK."
In the nine months to 30 September 2022, the AQSE Growth Market-listed company said revenue fell 6% compared to 2021 to £9.29mln, largely due to reduced but ongoing Covid testing delaying the roll-out of other tests.
Gross profit in the year-to-date also slipped 16% to £4.46mln, “reflecting the competitive environment”, a statement said.
As a result, it said the expected outcome for the end of the year will be lower than anticipated due to the current economic client, a squeeze on consumer spending and lead time for new products.
3rd quarter results are out. We now have 258 clinics and more products on the way. Dip in gross profit as predicted.
Allied have 50+ pharmacies. We are only in 17 at the minute. Same with Superdrug. Lots of scope everywhere....
fingers crossed. hoping you#re right.
The share price is effectively at rock bottom. It cannnot get any worse. Unless of course they go bust.
Take heart from the fact that they are signing deals with major players in the market . They have a massive potential market with more products coming online soon and they are expanding all the time with their own money.
One day this share price will explode but it will not be over night. It maybe years before I get my money back, if at all.
Geremy asked the long term holders to hang in there. Long term holders are only too familiar with this sitution. Its rough going but its an exciting business that we are invested in. Enjoy yor day Lebad, things will get better.
i don't get it anymore. nearly writing on a daily base to GDBY.
I don't know why they have still not startet shareholder communication in UK via sharecast to inform all possible shareholders. In addition to that, i still don't get it why they are not sharing on a detailed news flow when they add new locations.
I think they added more than 25 locations for earway microsuction. What is the expected revenue?....
Pretty hard currently
800.
have you mathced the entries on health.goodbody.com with goodbodyclinic.com?
That puts the market cap at below £2m now by my reckoning. Share price is out of sink with whats going on in the business.
Cheers Lebad. I make that 217 locations...what was the target for the end of the year?
https://health.goodbodyclinic.com/our-clinics/
I tried to add new locations to my google map but it is really difficult. Therefor i reached out to GDBY to get an excel sheet with all current location to be able to update it.
https://www.google.com/maps/d/u/1/edit?hl=de&mid=1tw7vKhcoYWBTXrjmg_fOEO7hz_T6xvce&ll=53.22231788509549%2C-3.46850793728561&z=6
Shareprice is just a joke. 3.5p unbelievable
Where do you find the list Lebad? Im never able to do so.
When I took a closer look at the clinic, I noticed that there are many new locations especially for earwax microsuction
Looks like new pharmacies for Scotland. 13 locations. Nice
https://dearspharmacy.co.uk/findus/
@alarno
let's hope so.
But they are way behind the expected clinic numbers they shared earlier this year. They need to change something to get realistic market share when this big study in UK about blood collection will start.
As hard as it is, we need to keep the faith. I am in exactly the same position as you MPBUK but we now have 200 clinics online with more channels opening up all the time. They will generate £16m again soon enough to replace Covid testing. There will be more deals going on in the background that we do not know about yet.
And even then...if that comes to pass, there's no way it's worth 96% of my original holding. I literally have £200 quid left in.
I think Q3 will be released by mid (earliest)/end of November.
They still need to prove the business modell. And not only Marc brought 6 companies to a sale position. Also Geremy did. But it will take way longer than expected.
Anton Kreil explains the 90/90/90 principle very well. We are all suckers to the market. We must wait for the value to build in the business to allow Goodbody to sell. Marc said he has brought 6 companies to a sale position. This one will be no different. We will see our money at the point of sale. There will be lots of prespective buyers if they prove that the model works. Are 3rd quarter results out next week?
Hahaha!
Maybe they know something we dont! Good luck to 'em!
And us existing holders! GLA
@MPBUK
thats really bad. That hurts if money is gone and you as an investor have the feeling that the company just did a lot of mistakes.
I don't think they don't care about shareholder issues. I also don't believe that they are incompetent.
I just think that they are not focused enough on the issues due to lack of manpower. They are working on too many topics in parallel. Doing a lot of testings and try to find the right setup. Furthermore, nothing has changed in terms of shareholder communication in the UK.