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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
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
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
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
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."
Quite difficult for me to remember exactly what my trades were, but roughly:
- bought at 11p, sold at 18p
- bought at 15.5p, sold at 22p
- bought at 18.5p, sold at 27p
- bought at 24.5p, sold at 42p
- bought at 34p, sold at 32p (my first loss)
- bought at 23p, sold at 27p
- bought at 18p, sold at 15p (second loss)
- bought at 11p and still holding (for divi at least)
So, a couple of losses for me but the profits have far outweighed this. I have always sold out completely each time and bought back in. Its worked for me most times, but I do get the average down approach as this can also work well.
DYOR
That's going to take a LONG time imo. Always the option to average down and get out.
But liquidity in the stock has definitely improved since the share consolidation, so am pleased to see volumes of trades increasing. The spread has also narrowed at times, although does on occasions go to a really bad 10-15% at times, which is not good.
DYOR