Member Info for HotChip

You pushed the buy button, not them. Traders, always beware with anything on AIM. It's a cowboy market

DYOR

Pashman - news was indeed imminent, as you say. And not in the way you thought.

DYOR

Depends what your entry and proposed exit point is, in terms of whether you are comfortable with the current SP or not imo. I bought in around the 9p mark, so unless it shifts back there, then I am ok with c.19p. However, if I bought in the 20s, or worse, the 30s, I would be really unhappy with where we are now.

Everyone has an agenda and intentions here, otherwise we wouldn't be invested. One person's panic or anxiety does not mean this is reflected in others, as again, it depends on your own agenda / risk profile etc and vice-versa.

DYOR

Its just the biggest shareholder selling up - maybe a good chunk of the stock, maybe more. This could end soon, or take a while. Its nothing to worry or get anxious about in terms of SP going lower imo. Just put your shares in the drawer and stop looking at the SP. Obviously its an opportunity to increase my holding which I am currently doing so.

DYOR

Takeover - by whom exactly and why? I can't see anyone suitable that would want to buy this. I believe there is a possibility of this being taken private instead.

DYOR

And what's wrong with selling may I ask? isn't that why we are all invested in the first place, to make money / topslice etc..

DYOR

A key dependency in Boots is high risk for me. if they pull the plug / don't extend contract, where does that leave MHC?

DYOR

Perhaps a management buy-out and to be taken private is the likely outcome now....

DYOR

There is only one positive for me and that's the low cash burn. This gives runway into next year imo. I would be interested to see how much advertising spend has been made so far and the resultant sales from this, which I feel is going to be very low. I foresee a raise early next year, hopefully from existing management and ii's. Otherwise, I see a cap in hand to PI's with dilution.

I think the best outcome right now is a buy-out, but cannot see anyone in the marketplace that would be interested in MHC, although current mcap is low enough to gain some interest imo.

DYOR

Always good to hear diverse views on this thread. Moni is no exception...his contributions, whether you agree with them or not, are essential and make for a very interesting read.

That's alot of debt on the balance sheet. I'd like to see a good chunk of this reduced before I climb aboard :)

DYOR

Any news is not always good news. It can be bad too :)

Is it me, or does Majid start mumbling and sounds quite a bit 'down' and miserable, every time he talks about or is asked a question about, Serenity. It's like he's all but given up on this asset and can't wait to see the back of it. And despite his 'encouraging' words so to speak, I remain unconvinced this is going to progress in the way he says and will simply be like a lead anchor around his neck as we (or he) moves forward...

DYOR

Just late.....again. No consistency, no comms, just rubbish really and so unreliable. Does not give me confidence at all. But then again, it is AIM after all, so I need to lower my expectations...

DYOR

You should always be sensible and take profits when they are there. Once you have reached your target, that should be it. By all means, leave some invested, but never be greedy as it rarely works. be grateful for the profit you have made and crystalise it.

AIMO DYO

We should now only be seeing half-yearly & year-end results, unaudited and audited, as a minimum via RNS, now that the company has grown / matured. There is now no need for contract announcements, nor do I expect to see any, unless they are of great significance. Which is fine by me and how they should operate.

DYOR

Jamrock,

Yes, fundamentals have improved as per Boots filling their online and offline shelves with the new products and the covid tests are still selling albeit at much reduced (and expected) levels. I believe this is the bottom and during the quieter summer trading months, we may see the SP settle around the upper teens, I believe as further trading updates come in, we will see a gradual move upwards to at least the low to mid 20s.

Slow and steady wins the race :) & one for the bottom drawer for now...

DYOR

Sorry jamrock, my bad. It was the 18th May - I have no idea why I said 'this morning'. I must have been hallucinating :)

DYOR

"As quickly as it goes down it can go back up just as fast!!"

You could say the same about any share on AIM, that's how it works.

A raise? Where did you get that from? The statement in the RNS this morning stated that they were self-funding the next stage of their investment in their technology platform, which has been mentioned many times previously (see below). So, I am unsure why a raise would be considered....unless I have missed something here that suggests otherwise?

Penny McCormick, Chief Executive Officer of MyHealthChecked PLC, said: "We are delighted to be working with Boots with the launch of our extended portfolio of at-home tests online and in stores, whilst demonstrating execution of the next stage of our strategic plan. Our tests reflect a change in consumer needs as we see more customers take their health into their own hands. Following the launch of our extended product portfolio, our focus will turn towards ongoing customer guidance as we self-fund our investment in the evolution of our technology platform."