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Https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=MHC.L
It’s at a critical point after recent rise. 200 EMA needs to be broken to truly confirm we are out of a negative trend at 12.5p. Still happy to see it rise over the last few days on relatively average buying.
Any pent up buying pressure and we could break out!
MrM
I take on board your views however given how terrible many similar companies have performed and had to dilute many times to survive I personally feel Penny and the board should be commended.
Many may say I’m biased but MHC have been the one company able to make money from Covid sales after the endemic. Revenue that has enabled it to remain with a strong balance sheet and self sufficient.
I think all of us including me would welcome a growth plan strategy to enhance future revenue. One thing is we have opportunities to expand and remain in a strong position compared to peers however the markets haven’t rewarded MHC accordingly in my opinion.
Many said MHC would run out of cash two years ago however it has proven it has a prudent board able to manage cash burn to the extent it is on the verge of breakeven. Yes it has challenges ahead but if the wellness and wellbeing market has the support of an incoming government who truly wish to help shorten waiting times to see a GP then MHC is well placed to enable its tests to be used in a smart cost effective way.
I personally feel MHC should share a similar valuation to ABDX who truly have a cash burn issue however almost 2.5x the Market Capitalisation.
Penny should relish the 4th to demonstrate the future of MHC and maybe reward shareholders with good news and a potential dividend. I expect positive news on many new products however it’s still in early stages of traction.
The 4th will be interesting.
https://www.britishbulls.com/Default.aspx?lang=en
I like the fact this has a good level of cash, but I don't love how quickly that could end up being burnt through, if they aren't able to replace the Lateral Flow Revenues.
The other products look promising, but are they really getting the traction they need to be?
There's an argument to suggest it should be trading higher than it is, on cash alone, but if you're valuing this on future outlook, you have to ask about how ambitious the BOD are and is that really factored into the current SP? AIMHO, GLA, DYOR.
Only roughly 35m shares available on open market!
It’s easy to see a huge push upwards if demand for these continues.
All we need is any positive news on sales of new products and this could rocket.
Equally the opposite it not good news but one hopes Penny and Chairman have been busy doing deals to coincide with results up to December 31st due on June 4th.
30% plus of shares tied up!
If only I had more spare cash
All we need is demand for the shares to keep up. Once selling price rises we can move up again. Hopefully good news about new products on the 4th and a new chapter for MHC begins.
Some decent buying yesterday but will we get follow through.
Still a tiny Market Cap compared to similar companies like ABDX who are burning cash. Not knocking ABDX because I’m that also but MHC are the ones with a healthy balance sheet and no share dilution etc.
At breakeven point!!!!!!!
Fact is the RSI dropped to a ridiculous 19 and with a market cap of below 5m many who understood that jumped in yesterday to average down etc.
Well that’s what I did.
Penny has a perfect opportunity to drop some positive news before results to get this party started.
Hopefully we test 12p early and break it with volume and momentum. If this happened we could see a vast rise to high teens. All possibilities but as we know these markets are unpredictable.
Still most 80-90% down so let’s get it into perspective.
Penny over to you to drop the news
Let’s hope that the leak is a reliable one
MHC in the top risers?! What year is this, 2020!?
How long before selling price is raised to encourage sellers. Spread is a joke
Giz, I believe they are engineering this bird virus to take many more out this time. Upto 50% fatality some reckon. These elites need stopping . Hope this corrupt govt don't sign up to the WHO pandemic treaty on Friday. Gives them control over lockdown, vaccine mandates etc.
This test is quite interesting, Thryoid issues can indicate some pretty serious diagnoses. So it makes sense why this test would sell well.
Hopefully there is something of interest with the upcoming reuslts. It has been far too long now.
Hi davand ..if shareholders want growth ...it fits
My question to the board is how much old rope did Adam Reynolds and Lyn Rees make last year and how much will they be paid for it?
Does the company have anything for bird flu, as it's coming to your neighbourhood soon it appears. As Gates said, it'll get people's attention this time. Already released in the US and NZ. Wonder when it will escape one of our labs. Gain of function man made it seems, funded by the US . What a surprise.
My Question to the board is why so few deals with other retailers and Tik Tok shop etc. Also is it possible to work with the NHS to allow changes so patients can eventually buy tests and self test to save GP appointments. Hence saving for NHS = Profit for MHC.
Finally why no Directors buying!
Lots of questions I guess
Hopefully the bounce has started with today
At last a rns but with hardly anything to base a appaisal to buy would be a pure gamble...
Finally a date for results. Going to question why there are so few trading updates and if board are aware of negative perception no news brings.
Article in Cambridge News with comment from MHC ahead of World Thyroid Day on Saturday
Https://www.boots.com/myhealthchecked-thyroid-stimulating-hormone-%28tsh%29-rapid-test-10322822p
53 sold in 24hrs!
Is MHC in trials with NHS or something!
Never seen this many sold in 24rs before. Need MHC to do a deal with NHS allowing patients to buy direct tests without GP appointments needed.
Maybe I’m a little optimistic but seems a perfect way to gain traction.
The government recently announced 7 products not ours to be sold direct to patients to help with Overload on GPs.
Come on Penny surely the time is near for some announcements
Will Penny deliver!.
I think MHC must prove new products are bedding in.
Markets not interested in anything other than good news.
Pennys time shine!
Says it all for me and everything that’s wrong with Penny who was lauded as the Messiah…..laughable
(Alliance News) - Abingdon Health PLC on Wednesday said its saliva pregnancy self test is now available across the UK and online.
The tests, which have been developed in partnership Salignostics and Crest Medical Ltd, will be sold as a Boots UK Ltd own brand product.
If it halves again which is possible as well as doubling then it’s one of them situations but when most are down 80% already does it matter either way!
I’ll wait to see see results but I remain positive and believe cash is king and for a small company they have not needed to dilute so that’s a positive
Rightly or wrongly I've sold out today. May be some upside but the lack of communication and progress suggests otherwise.
All the best to those who stay. If it doubles in the next few weeks then congratulations.