RE: Jamrock19 Sep 2024 21:01
Considering MHC had a consolidation of 15-1 shares ratio it’s still below 1p of old price. At the height of Covid it went to 7p with only Covid revenue.
It had a Market Cap of over 40m in Covid peak with only Covid revenue!
It now is evolving in the digital data arena and is in over 900 Boots with nearly 8m in the bank as of last results.
It now has a Market cap of just 7m with no debts! Over 20 products in 900 Boots stores plus!.
Is 7m way undervaluing a company who has been through a downturn, high inflation and interest rates and come out debt free.
I think the market will rerate quickly if Penny delivers news as anticipated.
Good luck to holders and hoping for better times ahead.