Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Crazy low valuation
Spin
Many big sells today.
No rest for this one
There are a few buys today and it maybe because some form of update or results are due. I remain cautiously optimistic. Then I am bonkers!!
Albington health (ABDX) manufacture Boots tests.
Strange thing is sure we sold the facility to them.
I still think we should have put a cheeky bid in for them when the were struggling but the share price is slowly recovering as they continue to release good news. Still think ABDX are in need of a cash raise because the cash burn situation.
Do we know who manufactures or supplies the Boots tests? Could they just be white label versions of the MHC product?
Amber
Iron and vitamin tests available all over Amazon etc.
I do however agree they are aware of the tests that have most potential based on information.
MHC just need to have a plan of their own
So I see Boots now have their own brand tests - Vitamin D rapid Test £7.99 - same price point as our Vitamin D Test.
Positive step?
Have to assume Boots have done their DD and customer research here and see the potential ...
The flip is we now have a competing product
Heard a rumour they are working on a new Test. Seems ittests Patience zzz
Https://www.boots.com/flowflex-antigen-rapid-test-lateral-flow-self-testing-kit-25-pack-10315414
Never thought these were coming back but the fact they are selling just shows care homes etc still need them in large supply.
Not sure if this is new or I've just noticed it today, but there's a new PFP on the MHC twitter page. A rather uninspiring white 'm' on a bland green background.
Wonder how much of our cash has been spent on this 'graphic design is my passion' inspired marketing
All these will be questions to put a the investors meeting after results which must be due soon
Are the labs they use sub contracted and shared with other providers of similar products?
Don't think so Jamrock.
Concepta is MHC - it just changed its name in 2020.
Concepta did sell its manufacturing site in Doncaster to ABDX in 2020, and at the same time agreed to outsource its ongoing development and manufacturing requirements to ABDX. Whether that agreement remains in force (at least for some MHC tests) is questionable I think given that all MHC LFT's are now manufactured in China.
Mhc sold concepta to ABDX!
Why!
Jamrock - if you go into the details of any MHC LFT here, you will see they’re all made in China. Other tests are made by Concepta, possibly in collaboration with ABDX going back to 2020 agreements.
https://www.boots.com/my-health-checked?paging.index=0&paging.size=21&sortBy=mostRelevant&criteria.category=MyHealthChecked
The Chinese tests, at least as far as I can see, are then white labelled by MHC before being sold in Boots.
Alamo
Do you feel we need to be announcing our own contracts or shouldn’t we have provided Boots with their own brand or am I missing something.
Are we producing our own or in collaboration with ABDX
Do MHC still have any arrangements with ABDX
MHC already have their Vit D test in Boots since last year. The way the posters are commentating over there you would think their Vit D test is the golden egg. I have already said that there are 2 Vit d tests in Boots already (inc here) so another will just be adding to the already large market. If you put in Self rapid test Vit D into Google you will find a lot more of the same.
May be MHC need to look for contracts with main supermarkets before Abington Health do.
I said MHC should of tried to get them on the cheap when they were in Trouble
Interesting contract announcement with a white label approach. Could MHC go down the same route with their products, or be pushed out?
DYOR
Some strange unknown share moves today!
Spindok
It’s a blue day so be happy. 😆
I am whistling that tune from Annie ...'The sun will come out tomorrow..'
Paul
The board is extremely quite these days and I suspect most people have put the shares in the top drawer.
Hopefully we get news soon but the share seems to have found a flaw and still above the 50DMA so hopefully can slowly build.
I do understand shareholders frustration and all I can emphasise is this was always a long term investment and inline with what Penny has stated it needed time to bed in.
I do believe we are gaining traction and was impressed this week with re stock time for Vitamin D tests.
I do need to add at the last update Penny stated we were nearly at breakeven and given we probably have in excess of 8m in the bank unlike shares like GDR, ABDX and other related stocks we have actually achieved a lot in this space. Self sufficient and building an incredible digital platform I hope the next update focuses on the build out of the new products that are selling well and gaining traction.
A share that offers an investment where it’s like investing £1 and knowing you have more than £1 in the bank is unusual in AIM and hopefully the market does eventually appreciate how prudent the company has been with shareholders money.
It’s a disappointment in the low share price but that’s out of the boards control and hopefully improves soon as ABDX did recently with good news.
I would like to see some Directors buying or a collaboration with other companies and more importantly news on new product traction.
Surely end of year results due soon.
Just thought I would see who is still around?