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I tested positive for boredom... Now for some reason I cannot stay awake. I am also totally stressed by what might happen to me if this put out something positive to give it an erection!!
Https://www.boots.com/flowflex-antigen-rapid-test-lateral-flow-self-testing-kit-5-tests-10312496
Will the game today cause a spike in covid as many gather to watch the match. Looks like Covid sales have increased month on month however news needed urgent.
Lack of news is holding this back as markets need updates to encourage momentum.
Penny will be aware she needs to convince the market and also aware COVID Sales will dwindle year on year. However she will also know the importance of news regarding Boots phlebotomy testing etc. B2B deals also. I hope she pulls it off because the markets will lose patience the longer it goes with no news. She did say in the investors meeting she hoped to share news shortly however will that be after or before the election. Will Boots sign off any potential agreements!. We must get a plan for huge growth and I trust Digital Data will play a part.
Hopefully news then an open road for Directors purchasing once news released. The next few months are crucial either way for MHC and share holders.
Stay strong and believe in the strategy as MHC are definitely onto something as the NHS is struggling!.
Https://www.boots.com/flowflex-antigen-rapid-test-lateral-flow-self-testing-kit-5-tests-10312496
It’s noticeable that the sales of Covid tests appear to be ticking up just many people appear to be getting COVID. Also probably it’s noticeable the weather has been a damp squib for the time of year. I haven’t seen 90 tests sold in a 24hr period online for a while and if this is reflected in instore sales we see an RNS to reflect a seasonal rise. Last year half year figures were released and then we had a rapid rise in Covid sales however if things continue as they are we could see the seasonal uptick earlier this year. Also as people enjoy the football it’s noticeable how few if any take precautions with masks which could add to the uptick in Covid numbers.
As an investor I truly believe Penny has a vision and is well aware the future is phlebotomy testing and COVID tests can still offer great revenue to enable the growth in this area.
Also let’s not forget Penny has alerted to the fact she expects our products in 950 stores this year.(fully costed).
I still see a need for pharmacy first to be expanded to include some of MHC tests that could help elevate stress on the GPs appointments situation.
MHC, BOOTS and NHS go hand in hand.
I urge those who hold shares in MHC not panic sell and stay the course. I’m sure news will flow in the months ahead to demonstrate to the market MHC is a company to take note of.
Wondered how long it would be before someone thought they should have a testing kt for 'Euphoria'. Currently I am struggling having tested positive for 'Boredom'
One thing is 100% clear is that by working with Boots MHC has access to the public both with online presence on Boots website and also instore. Boots clearly in place in many stores facilities which allow the public to book appointments privately. If MHC can in some way agree a strategy and exclusive agreement with Boots that allows people to buy the tests and the bloods taken in store etc this will be significant both for private and future NHS testing. At present it’s the private sector I believe that this facility applies to however even Rishi Sunak stated last night in his talk on TV that pharmacist has a role to play in Reducing waiting lists etc. This will have to in some way include in store testing in my opinion. I truly believe the future is Boots testing service and MHC has worked that out. We all know Boots has been around a long time and no other high street brand more recognised and trusted like Boots for healthcare. MHC fully funded to stock products in another 200 stores as recently stated in the meeting.
I personally believe an announcement due in due course that could be game changing.
Penny is Professional and understands her field. Hard for many LTHs to understand the long term picture when the short term is painful.I could be wrong but definitely feels like both governments are aware of the need to tackle the GPs waiting list issue.
Amy
So based on your theory a capitalist market doesn’t work. I would say it definitely feels that your theory is plausible over the last 2-3 years since both Covid and the Ukrainian war that has had a dramatic impact on a lot of companies. If not as a direct result but the macro economics attached to the effects of the war. Inflation has killed many companies and rising interest rates both as a direct result of the above mentioned.
I’d say MHC has balanced the books extremely well given the events over the last year however the markets certainly haven’t been kind to MHC. All they can do is try and do do deals and continue with a plan to growth which it can turn in to profits.
Many companies have really burnt cash at an astonishing rate. The Aim definitely ain’t been kind to investors over the past few years and most certainly it could be argued you’d have been better and safer with your cash in the bank.
Hopefully MHC has it time but will it help most investors. I suspect most won’t recover original investment unless they average down.
Rarely pays to invest long term over multiple years. Most stocks are on AIM to have access to funds via dilution. There are some amazing cycles to exploit buying extreme oversold conditions or quiet conditions, then selling when europhia inevitably kicks in at somepoint. The cycles don't lie but often the long term trend is down for the majority
Jamrock, I am frightened to check my average for break even! Like you have been in here since Uncle Eric was in charge (wonder how the child birth figures pan out in China - probably lots of excited young mums!). Oh well. I only stand to lose 35k if the company folds or is taken over - don't miss it now as accumulated over more than a decade lol!
happy days everyone and good fortune
I what the average share price to breakeven is for most holders!
Morning all
So MHC has a valuation of 5.5m and approximately 8m in the Bank.
HE1 has a valuation of 24 m and constantly raising cash to keep lights on
MHC has products and opportunities to grow,
HE1 has a product but struggling to extract it.
Maybe MHC should be valued like other sectors and we would probably be £1.
When and will the markets get behind MHC.
When a CEO is prudent and focused on growth whilst conscious of the balance sheet she must feel a little aggrieved when see other companies with no cash getting better Market caps. Companies like GDR, HEI all be it in another sector but in principle shouldn’t a capitalist world apply valuations equally!.
Unfortunately even I know markets don’t act rationally and are determined by heard mentality. Maybe news soon and the heard will flock to MHC. Definitely deserves a valuation comparable to competitors like ABDX.
That would put it on a price of high 20s.
Valuation-it-is. Try and find a stock where they don't dis-apply pre-emption rights in the AGM. Very routine thing.
Anyway, this share would make a great swing trader if I had the guts!
My view its primed for takeover however I believe the board would totally resist especially given the cash position and potential growth if deals are. Penny has alerted to expected news with Boots however as any professional an RNS would be issued in agreement with Boots. It’s clear Penny has a bigger picture the LFT testing and it’s also clear she’s aware of the B2B market. I seriously think a lot of companies would love to take over MHC based on cash and Boots deal alone. The best way to fend off a takeover is convince the shareholders and market so price rises. As it Stands many unhappy shareholders so a takeover at premium may get a look.
Why would MHC want to be taken over is the question when they have cash, product and yearly revenue now from new tests and continuing seasonal COVID revenue.
What would its value be if the new government truly wants to cut GP waiting time and costs attached to appointments and allows MHC tests in conjunction with Boots pharmacy!
If and Buts but at 5m market cap against a possible 8m in the banks is worth a bet
Interesting take on valuation Jamrock, always good to get your view on MHC.
What's your view on a potential Takeover at this level? With the MCAP at discount to cash, one has to question if an established Healthcare Company, with credible digital marketing strategy, could jump in here?
Valuation
My view is MHC are self funded and actually selling products unlike many companies that are diluting just to survive however that said anything possible. I personally hope MHC are able to announce new deals and hopefully within a working relationship with Boots regarding phlebotomy testing etc. I believe MHC has a unique Digital platform and with approved requirements to enable it grow and help relieve the NHS such as GPs etc. It’s just my personal belief but I’m sure Penny is aware of the potential. For a company like MHC that has actually grown from nothing really through Covid and not diluted it’s a great achievement. Now they need to win over current and future investors and a buy back could do wonders. Take a look at GDR who squandered 200m and once hit £2 and now being diluted at 1.5p with a market cap of 9m.
Even cash alone without anything else should put MHC on a similar valuation to ABDX which is 13m.
MHC is approximately 6m market Cap. I feel something not quite equal but these are strange markets.
Just imagine if Penny drops news of a contract before half years figures. I’m sure it would rerate.
I’d certainly hope so lol.
Spindok
Love that one
This really made me chuckle :)
I've tucked a fw away today around 10p
Its good that MHC have not diluted.
The warning signs to watch out for are
1. A BoD that ownsfew shares.
2. The BoD proposing to dis-apply pre-emption rights - it may suit their brokers it may suit the BoD, but it sends a signal to existing shareholders that they may be excluded from a discount offering of shares. And leading on from that it becomes self-fulfilling as alll existing shareholders then holdoff from buying hoping for a lower price tomorrow.
Vote against disapplication of pre-emption rights!
Thanks for your replies. It does not take much to move this down or like today, up..
This goes up and down faster than a Singapore airliner!!
Felt the price drop was overdone so had a few more this morning at just over 10p.
Whatever opinions we have and everyone’s is personal and valid the fact is MHC haven’t diluted and killed shareholders value as others have like GDR and today HE1.
The share price is out of MHCs control and you have to believe news will come to change the course of share price.
It has an opportunity to show the markets over the next few months with deals etc.
I do believe a share buyback would also help
400,000 sold v 200,000 roughly bought I meant
So the growth is 45% post period!
You say £290k
So apply a similar increase in the 2nd quarter you may get £450k
Then we need to add Covid sales which were extremely strong in January and February then they slowed.
Probably a third of January and February.
So it’s fair to assume first half in 2024 will be higher than 2023.
We will be in a better cash position than 2023 first based on current sales of wellness and covid products.
Nothing exciting but enough to realise it’s fully funded and will will have even more cash following cost cuts.
Then if we get a deal as regards phlebotomy testing this will increase second half results along with the 200 stores stocking wellness test so we will have tests in 950 Stores. Approximately half Boots stores so plenty of growth over time.
The word is time and we need nerves of steel and patience. The market are clearly in need of news regarding new deals. Remember Penny also stated they are not exclusive to Boots so I expect new deals.
Hopefully sooner than later.
I also note the slide suggests over 50% of 52m shares in circulation tied up by large shareholders.
Any good news could easily cause a large bounce.
But was today’s large fall really warranted on 400,000 shares sold v 200,000 roughly sold.
Next few months up to update will be critical and crucial for LTHs.
Markets are news Junkies unfortunately
The £344k wellness test sales are for the reporting period Jan to December 2023. As the products were launched in May 2023 it’s roughly 7 months sales. I assume Q4 sales were higher than Q3 so I guess Q4 was around £200k which would mean Q1 2024 was £290k.
Roly
Penny only said a 45% increase from Q4 but she never gave a figure for Q4. I think what Retired Banker is saying the £344k figure was the figure for the first 3 months when the tests were launched not upto December 31st.
I think that’s correct but it does beg a question why the last 3 months sales figures in 2023 weren’t given so we could fully understand what a 45% increase in sales means. I felt the opportunity for Penny to be a bit clearer was missed.
Any way the share price is what it is.
Such a huge drop on what!