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Almo
Ok. Don’t they still sell our flowflex tests online!
Jamrock if you are referring to Lloyds pharmacies they are now defunct, they are now Alliance healthcare. Looking in my local store they stock about 50% of what Lloyds did and majority of people only go there for prescriptions, so as far as stocking Mhc's products I think its a big no!
JBongo
The sad thing is investors bought in at 70- 80% higher than these prices accounting for consolidation. The Covid slowdown was inevitable and we were alerted to revenue decline so the markets had no reason to be shocked in July. The key is definitely the new products and traction in new opportunities to promote them to increase sales and awareness.
I do feel the board could easily of demonstrated a positive signal and purchased shares but the Chairman would say he has at much higher prices.
No large shareholders selling and no shorts.
I haven’t sold and actually used it as an opportunity to top up and average down.
As in all small companies risks are attached but I’m drawn to the fact MHC are growing sales and digital data which is a must.
My one disappointment so far is the failure to secure new deals and contracts to keep the good news flowing since the Boots deal. I seriously don’t want us to become a company dependent on Boots alone as this strategy don’t sit well for me. Lack of promotion in the run up to Christmas is shocking especially as we have the cash to launch an advertising campaign. People spend millions on chocolate for Christmas so surely we can encourage people to spend on testing to keep our loved ones healthy at Christmas. Especially with over 20 new products.
I do believe they will ramp up things in 2024. I also believe the board are vulnerable to a take over because having millions in cash and not a plan to promote and increase sales could make them vulnerable to large investors looking for a return. As for now they have the support but I for one am disappointed in share price. Especially when many companies with no products and sales on the AIM have risen from lows!!
There's aren't any shorts in MHC (over 0.5% anyway).
I forgot to mention the 2000 stores selling covid tests and 801 stores with the new MHC range instore. If this is successful I expect them to be rolled out to all stores.
I’d also expect more contracts to be announced shortly in the run up to end of year results.
Lloyd’s selling new products must be an obvious one as well as corporate contracts. Surprised they are not pushing contracts for corporate clients who have a huge amount of cash to spend to keep staff etc fit and healthy. Contracts with Gyms etc to sell news products. The options for growth are endless but we need a plan in action for promotion 100%
Karl
I actually believe it’s highly likely a takeover could happen given it’s a small company with a low valuation and a strong cash position.
It clearly has a prudent management that wouldn’t allow a low ball figure given the options they have etc. They also must be aware of the vulnerability MHC is in with such a low share price and more cash than valuation. The interest earned alone will amount about 8% of the valuation if we end with about 8m in the bank. Then we must remember the value of digital data we along with our portfolio of products in Boots and online. This is a huge achievement and a company in a transformational period with focus on new product growth.
TLY recently had terrible results but its wellbeing section was the one success story. Whatever happens finding a company on the AIM with cash and no debt and growing is rare. At some point I expect given we are at near all time lows we could see a jump if results come in better than expected in January. Remember we had 3m paid for tests at last update being converted to cash daily as seen on the Boots site with daily sales figures that can be tracked. Averaging 120-150 5pack tests and 8-10 25packs and new products selling also.
Lots of positives and Covid revenue will definitely be ongoing given constant new outbreaks seasonally.
Just hope institutions get behind MHC as 52m shares don’t need another consolidation as that’s a low amount when over 11m in the hands of long term holders so around 40m on sale!. Not a lot really if news is positive. Shorts will be squeezed
@Jamrock After carefully considering your previous statements about company takeovers or buyouts, as well as the current share price, I have realized the importance of assessing my position and deciding on the next move for Penny & the posse.
First and foremost, it is disheartening to see the decline in the share price. However, it is essential to acknowledge that MHC Plc does not have any historical data or a record of a low share price.
In terms of risks, there are a few factors to consider:
1. Further consolidation of shares: This seems unlikely as the company has already undergone consolidation and repurchased shares.
2. Possibility of the company buying back shares to increase their stock: This strategy may be pursued if the company is still profitable, which would make sense.
3. Potential buyout by another company: While this remains a risk, it is improbable given the CEO's plans for the company.
These are my thoughts, but with 52 million shares , and company on profit , I feel happy
Https://m.youtube.com/
Many people calling for a travel ban with China in the USA. Imagine China exports viruses however it controls 80% of the ingredients for the drugs needed to treat the diseases.
That’s an astonishing fact and probably explains why they won’t give over vital information to WHo
Look at shield Theraputics. It’s making gain in its Iron Tests in the USA. Maybe MHC should be considering its options abroad to expand. The American market is huge given they don’t depend on the NHS
The crazy thing is a cash shell company is literally that!
We are being treated like a shell company but the funny thing is we’ll probably have in excess of 8m in the bank come January with 5% interest only cash deposit. Over 20 products being sold and still get a revenue stream from Covid products. However our valuation is 5m!!!!!!!.
If I were looking for a takeover I’d look no further than MHC.
How many companies have products(revenue) and are valued less than cash in the bank.
Contract with Boots alone is a golden nugget to a lot of companies wanting a high street presence.
That said I think Penny would fend off any takeover as she definitely has a vision for the future direction.
TLY recently crashed but the one bright area was wellbeing which grew 40% for them. There’s. Definitely a growing market 100%
Hi Jamrock,
I understand your argument and the need to believe there is a positive future. Like yourself I have been involved as a shareholder since Concepta days and Uncle Eric and was a million digit holder before consolidation accumulated over a medium term. I am resigned to stay and hopefully see a return or reduced loss! A positive, healthy and rewarding Christmas to all.
RTB
Any takeover won’t help us at MHC unless it’s at 30. - 50p. Most people bought at around 3p pre consolidation so won’t even break even at 40p.
The sad thing is MHC had so many large investors and people like me piled in because we believed in the long term strategy. Nothing has changed but it’s painful to watch. A company like MHC at near lions. It has delivered and continues to make progress but people seem to have all but given up. I just Hope MHC gives us a pleasant surprise because it’s quite sad when investors don’t see a return especially when a company is performing well in these economic conditions.
Will the Market reward us soon!
I had hoped it would have risen passed 11p yesterday but maybe the wait goes on.
I did however have another top up
My Christmas hope is no takeover offers unless at consolidation price. We are definitely sitting on and earning a lot of cash for a small company and at last seem to be well run - after those years of Uncle Eric lol!
You know what be great is either a share buy back or another consolidation.
Imagine 8 million pound of profit with 25-30 million shares in play.
Acquisition are extremely dangerous with skeletons in the cupboard x
Will we see a golden cross situation !
Who knows buts our day and moment will come soon hopefully
My gut feeling is we will see a positive upside very soon and hopefully the low is in. 10p taken out and then a move up to 11p would be nice
Spin
I think we’d all love an update but end of year is December 31st so I personally don’t see one until next month.
Unless they have good news to get the share before then!!!
All I want is an update in the next few days. The last one was on September the 8th. Nothing much seems to have required pen to paper since...
Karl
Many have touted a dividend by as shown in TLY it’s not always a smart move. I’d love a special dividend but would I like the company to spend the money on growing the business by way of acquisitions etc.
I don’t know what’s best but I agree it’s definitely cheap and I believe the board has done little to support the share price. I just wonder if MHC is vulnerable to a takeover itself given it’s portfolio and cash position
The low share price can be attributed to the lack of historical data available for prediction. Instead, what we have is a sense of caution and careful financial management.
However, I am optimistic that a special dividend is on the horizon. This assumption is based on the logical reasoning that comes with share buybacks and consolidation.
Karl
I agree but even with all the news of new outbreaks and new tests starting to sell. Nothing is moving this!. The sad thing is other shares full of debt etc flying. You can’t make it up but unfortunately the market just don’t like MHC ATM. Maybe a spike out of nowhere would help get investors interested but fundamentals are looking good. The second will be much better but I seriously can’t call this anymore. That said I’ll remain positive and hopefully our day will come. I’ve bought more at lows but you have to say at some point is the wait worth it while others are flying we’re just standing still!.
Forget Black Friday sale the buy price at these levels is absolute steal........
But that's my thoughts, if you can't afford the risk don't do it....or don't embarrass yourself later by complaining
Https://m.youtube.com/watch?v=szSM-ZSOVWs
Should we all be concerned that China won’t share data on new virus outbreak.
Should we take precautions against China and restrict travel or reinforce testing of Chinese citizens!!!!
Https://m.youtube.com/
Many American senators urging Joe Biden to reintroduce a Ban on China until more is known!
England is sleep walking and saying nothing, waiting for guidance from the USA as usual.
England can not cope with breakout that affects children mostly as the impact on the children is bad enough but the effect of the NHS will overwhelm already stretched services.
I’d suggest PCR testing for travellers would be sufficient for now and LFT tests for all incoming travellers and only a travel ban as last resort. The aviation industry is just starting to recover but it’s
Paramount the government do
Something as voters won’t be forgiving if many children suffer as a lack of action
Https://www.totallyplc.com/our-services/corporate-wellbeing/
Notice the importance of digital data which MHC appear to be investing in big. I believe MHC fully understands this area and the need for a digital platform. I do believe it will pay off given its a growing niche market