Member Info for jamrock

Given up early gains!

Sain
Yes you may be correct things were different and the government were in a position to slash rates to help. This time they are powerless and interest rates rising as a result of government actions. Costs for material and labour rising and demand for end product will dry up with no mortgage availability.
On a better note builders are better capitalised but this may be at the expense of dividends being cut. Sorry but it’s clear also many landlords must be considering selling which may cause over supply which will further cut demand.
It’s all one’s opinion but I personally have memories of when interest rates went to 15% and similar factors are in play.
Cutting taxes for the wealthy 1% isn’t healthy when the working class majority will suffer.
Hope I’m wrong I truly do but I really don’t think I am.

Buster 94
You could well be correct but never forget Taylor wimpy once went to 4p and had to sell its American arm to cover things. This time it ain’t got that to sell.
I know it’s all ifs and buts but the facts of inflation and rising interest rates could seriously derail all builders. No mortgage availability could kill it and then dividends will be pulled. Sounds harsh but likely in my eyes.
Remember what happened the last time we had a run on the £. Let’s prey this government does something very soon as I also see mid 50s and even lower.
Sales drying up means no cash flow and no workers needed if demand goes. No mortgage availability makes it more than plausible.
Government need to intervene and reverse to mini budget or kill an already sensitive market.

Glad I took the risk yesterday. Anything below 10p was perfect entry.

Henry Spain buying spree again I see

Maninpink.
I’m sure your correct and I also am involved in the property market.
Have you seen the news today. Top three lenders pulling mortgage products due to uncertainty.
They are clearly expecting the Bank of England to prop up the market meaning the falling pound with higher interest rates. All thanks to a the Mini budget. Also how many of your 40 plots are allocated to housing associations!.

I think all builders may suffer as the economy slows. Yes they may well have plenty of cash at the moment but with rising costs and slowing sales we could have the problem of land bank needing to be down valued. Dividends could be the first thing to be cut however hopefully we get a statement soon. Higher inflation will result in higher interest rates which will definitely lead to sales falling due to affordability.
Then if the government really want to help first time buyers all they have to do is reduce capital gains tax and the market will have a flood of landlords cashing in and prices will fall as supply outstrips demand. This would be good for inflation as raw material suppliers such as wood suppliers would need to reduce prices as demand dries up. Sorry many products up over 100% prior to lockdown is crazy.
My reading may sound bleak but houses will always be needed but the share price falling below £1.00 for the first in many years serves as an early warning that the market see a huge slowdown coming with the help of the government who secretly would enjoy a fall in house prices.
Then finally there’s affordability to think of in the mortgage process!

I’ll get exited if the selling price is raised. The spread is killing us. Back to 11% from 2% last week.

Sorry to say I predicted 10p when the shares were nearly £1,00. The board have created this mess and destroyed shareholders value

Some large unknown trades last weeks. I wonder if a RNS will follow if these transactions are linked to someone with a vested interest!.

Cuvio
It’s 100% that money is flowing out the stock market However whilst we’ve held up the last few months it’s crashed from it highs of 7p which was probably only 7p due to cheap money being pumped into the markets. That’s gone so it’s only the best companies that will survive and I actually believe we are one that will grow however these new and existing products need to show that they really can bring in revenue.
I’ve always stated we shouldn’t try to to distance ourselves from the Covid situation because it’s actually the revenue that’s got us to where we are however what would happen if this unpredictable government said no more testing. This is far fetched I know but who thought they would have a mini budget like the one they just announced.
I truly believe and trust in the MHC board but wouldn’t it be nice for Penny to buy a few million shares!

I hope I’m wrong because I’m a large shareholder but twice this year the share price has dropped to 1.25 and 1.3p and the market conditions were nothing like today. Today the the whole world looks to be heading for a recession and nothing is immune from the slowdown coming. I have to say I hope MHC continues to hold up in the face of gloomy predictions for the economy but unless real positive news with material effect such as a contract with boots and Lloyds regarding new products we could easily fall back to 1.4 -1.5p. The fact we are generating cash and In a healthy place means nothing in these markets when people are panicking. News regarding contracts with Boots and Lloyds needed urgently because this is the key to revenue in my opinion. Covid revenue has been amazing but now we need more revenue coming through from new lines.

Peakyblinder
Any thing possible but at least more activity today. Hopefully the board will buy if they believe in the company and wish to install confidence

Some large moments in the shares buying and selling. All unknown but a lot of activity and we seem to be moving up slightly. Next to no spread so hopefully we get a positive reaction

Unless management and large shareholders like Thomas Spain or HRNET start buying shares to show confidence there’s no saying how low it goes in these market.
Other competitors having great results however the markets not interested in macro environment.
I personally believe this is well undervalued but needs good news to underpin it.
The board have destroyed the share holders value and the wall of silence by lack of updates doesn’t help.

Never had the chance to listen in unfortunately so hopefully get the chance to again. What were the main talking points and was there anything on current products. Anything on shareholders value or share price!

Let’s see how they answer questions tomorrow. Interest rates in America will cause jitters but hopefully in the near term we can recover. Many questioned the fact we were seen as a Covid stock. The fact is without the Covid revenue what would happen!. Just hope they are transparent tomorrow and offer more on products. I personally think they need to be on sale in Boots and Lloyds to have a greater chance of people choosing them over the likes of randox.

Dactions
I personally don’t share the same opinion and see it differently. I see the revenue tripled and and we now turned a profit of 1m from a loss of £269,000. New products in blood testing to come and delivered on current products. We all know they are building a brand for when Covid related products fall however this is continuing whilst they reinvent in the development of new products.
MHC is debt free so now interest payments rising like many other indebted companies and a clear froth strategy. This market in every sector is challenging with current macro economic conditions and I see these results as MHC demonstrating they intend to grow organically and with other lines of sales. The lack of share payment in my view is another way to show how prudent they have been in setting targets and not just giving shares away freely which dilutes the value.
I’m frustrated but not overly disappointed but will await tomorrow’s meeting and scrutinise what is said.
I do agree and also expected that the share price should be at least 3.5p however the markets are totally depressed but that’s the time to buy in my opinion

Need them 1m buyers to come back in.

The early shares seem to be getting mopped up. So hopefully we continue to rise.