RE: Omicron27 Nov 2021 12:46
Facts
Previous results MHC increased its Revenue from £12,700 to 3.3m. Reduced its debt to £278,000 from 1.3m the the year before. That’s up to July
They stated they expected Revenue in the next results to increase to no less than 8.5m and EBITDA of 1.4m. They will also be cash generative as stated.
The shares dropped to 2.44p because the government changed the rules Regarding PCR tests and put the focus on cheaper LVT tests which we were not in at the time, our shares plummeted as a Result. The shares fell as low as 1.5p and are still only 2.88p.
Now we are in LVT testing in a sector that will boom with new variant.
The fact is those figures the board announced were blow out figures for any company. The fact is we now have to factor the revenue generated from LVT tests along with PCR tests, Fit to Fly tests and let’s not forget the new products to be launched.
I’d expect an RNS soon enough revising these figures up as a result of the change in strategy towards LFT and the fact the new variants will only add to the pent up demand.
Yes I am a long term investor with a vested interest but the FACTS are there in black and white. I would ask anyone on this board to find me a company that has grown this quickly and produced such stellar figures and with all this only has a market cap of 21m.
Yes I really did say just 21m, 21m,21m!!!.
Please somebody take the challenge to find me another company with better results and in a sweet position like we are.
I must remind all that the company is run by a woman, so for once we have a company that will scare the top 100 companies and hopefully embarrass them into promoting woman to the top. Just as MHC are heading for the top.
I hear people bag on about 10 baggers etc and not for once stating this is although it has the ability based on facts to be.
The markets will rerate this share soon enough as demand for the share rises. Everyone selling is met by bigger buyers so ask yourself why!.
I mentioned a company that rocketed from pennies to £11.00 yesterday and I’d like some to tell me if there figures are any better than our. Not at all because ours are built on FACTS.
Please don’t think I’m saying or ramping ours to these heights but merely comparing and trying to show how undervalued we are with FACTS not fiction.
Hope everyone enjoys the weekend break. Good luck and remember to do your own research and share any positive findings. Blessings