RE: Late 1.5million shares buy today - is it a good portent ?31 Aug 2022 11:25
Finally the technical charts are giving hints of a new leg up. We seem to have bounced off 1.8p and hopefully we can hold 2p in the near term.
I seriously hope the incoming news on new products is positive and results go well. Whilst we are steadily moving up in the right direction with the share price since it’s lows we are struggling to breakout into a clear upward movement trend. It appears that we keep getting rejected at 2.2p so hopefully good news will help us breakout.
I do however caution that any bad news on either Covid products or new products may have a negative impact on sentiment and we may head lower. Hopefully this is not the case.
I personally do feel we may need to consider acquisitions to expand more
Aggressively in a depressed market when so many companies are struggling. There pain could be our gain given our financial strength.
It’s clear that the board have navigated and delivered through a difficult transition from a pregnancy company and hopefully the markets reward MHC and shareholders