Member Info for jamrock

Maybe shorts having to cover!

Will the buyers come back in today.

Maybe the selling price needs to rise to narrow the spread

Https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=GDR.L

Could they be correct!

They did call a rise at 2p though.

Who knows

Whatever is going on. The price is rising!

Spin

Penny also alerted to other companies haemorrhaging cash at an alarming rate. I genuinely believe the company is well run and extremely prudent in cash burn etc. She wouldn’t answer questions regarding cash burn as no would really expect her to answer that question. She was clear they had a healthy balance sheet and well funded which is good news for shareholders. Additionally adding 200 stores stocking products will come at a cost to kit the stores etc. Penny alerted to opportunities in the B2B area also. I hope Penny and the board are in a position to offer news soon to change the direction of the share price. The market is brutal and there’s no way a company with funds to self fund should be on a market cap of around 5m. Many companies with much higher market caps in dire positions compared to MHC but hopefully news can change this. I do feel that MHC should have gone out to win the contract ABDX won but I guess Boots were also thinking about ABDXs other test(pregnancy one) when they awarded it. Is the space going to be full of acquisitions because I don’t believe there’s enough money for all of them to be viable. I believe this is why MHC has a different strategy with digital data and phlebotomy tests in the future to ramp up revenue. Also open opportunities in B2B area. I do believe MHC should also look to Gyms etc for deals as most conscious people looking to take control of personal health try a gym at some point.

I hope for all LTHs MHC is able to get news flowing before the next results because the markets can destroy a company as easy as it can make it.

Good look all

Spin

Penny was clear that LFT weren’t her priority However Covid revenue had been and continued to important.

LFT tests were small margins and she stated phlebotomy tests were her focus.

It’s understandable why she wants to expand stores for tests I suspect news on a deal with Boots allowing Rhe phlebotomy tests to be carried out in Boots. This is why they are focused on the digital data etc I guess. They clearly have an idea and if the deal gets over line it would be a game changer in my opinion.

In the short term who knows where the share price goes but this is why I feel the boards hands are tied to buy shares personally.

Just my view

Definitely no point in existing holders bailing unless you’re happy to materialise loses. It’s definitely going to be interesting to listen to the board meeting.

It will interesting to see if any asks about the board’s intentions to buy at these levels!.

I personally feel the best opportunity for MHC would be if the Pharmacy first was extended to include More tests that include MHC products but that is more of a wishful thinking at this point.

I do feel Covid revenue will be ongoing at lower levels but MHC need to show growth in new tests to convince the market. Its current valuations warranted based on competition companies who have survived by dilution etc such as ABDX.

These results were no surprise however they have cash to survive so I’m interested in a plan. The survival and expansion will need growth in new tests 100%. The time has come for the board to show leadership and a meaningful investor’s meeting is required. I’m not disappointed by the lack of a dividend however would have thought a buyback inevitable given the share price!. Maybe given they have left it so long to issue results up to 31st December they may have something else to announce when first half figures announced. They have prepared us for a Covid slowdown however all eyes on new products.

Most investors over 80-90% down you have to sit tight in my opinion.

The positive is they shouldn’t need any cash raises however the revenue growth must be shown.

Smudge

It appears the new tests are gaining traction however it appears a bit vague on things. We all it will take time but I personally feel we can not depend too n Boots alone. Whilst it’s a great strategy and valuable moving forward we must realise Boots have no loyalty demonstrated by the recent contracts with ABDX.

The cash could be used to expand into other main stream retailers,Gyms for weight management tests and vitamin tests etc. Also expand into Tik Tok shop etc. Maybe they will offer something later.

These results are what most anticipated and it’s positive to see new tests appear to be gaining traction however it’s a challenge to get them noticed as a change from normal habits of calling a GP.

Still we must commend them for be self sufficient.

Anyway I’m probably biased towards MHC as do believe they are onto something if they utilise the digital data etc. The problem is how must the digital data costs compared to income derived from it.

Stay positive

Https://investors.myhealthchecked.com/corporate-news/archive/2024/040624

Mostly what we anticipated.

Increase of 45% of new product sales on previous quarter

Slowdown in Covid sales

Focus on new products

Hint of possible new tests

Focus on balance sheet.

Https://news.sky.com/video/general-election-tories-would-free-up-20-million-gp-appointments-by-the-end-of-the-next-parliament-says-health-secretary-13146752

Can MHC eventually benefit and help the Government reduce GP appointments by encouraging them to allow pharmacy’s first to take up some simple tests that can be performed over the counter on the NHS. Will they expand the already 7 tests allowed to be increased to include MHCs tests. Is this why Boots are starting to have their own brand in Iron tests and vitamin D tests etc. Will Penny offer any information regarding plans. The time has arrived for a detailed strategy outside of Covid Revenue.

Will long term holders get some good news or will it be an opportunity missed

So it’s tipped below capital raise price !

Not a great show of confidence

Hopefully some positives in the results however I hope we see through Covid revenue slowing and concentrate on new product sales

It truly looks like a sad story. Reminds me of Taylor Wimpy when it went to 4p. That bounced back because it had assets in the USA to sell so hopefully this can happen at Mobico.

When employees can hold the company to ransom for a 18-20% pay rise when nurses and doctors struggled to get 4% then there’s not a lot of positive things to say.

Just hope they can sell USA assets so LTHs get something to help support the share price.

Announcement would be perfect to push us up to 2.5p!!!!

Under National Express

£2.50 these went to £12.00 many years ago when they came to the market

Https://finance.yahoo.com/news/theres-no-shortage-growth-recently-083330384.html

Seriously no one expects a multi bagger but can Penny get it back on track to better times moving forward.

Surely given its share price decline despite its cash position it due a re rate.

If Markets don’t get behind companies like MHC who have been prudent with cash through tough times you have to question the whole existence of stock investing.

Many companies end up private as a lack of value and support makes it impossible to grow if share prices are subdued because it’s impossible to use paper stock to leverage in order to finance deals to make acquisitions.

Imagine how many smaller companies MHC would have swallowed up if it was awarded its true valuation based on market average.

Is a market cap of less than 6m justified for a company with cash probably in excess of 8-9m despite reinvestment (ROCE).

Many will say I’m biased but if we look at the books of MHC compared to competitors it’s not difficult to see MHC have embarked on cash building rather than revenue growth. Can they now embark on a plan to grow revenue!.

Penny is at a critical point and must win the markets over with a convincing plan to grow revenue outside of Covid revenue.

I seen HE1 dilute at .19p only to rocket over 10x.

If only with this one.

Guess not so lucky

Even though it’s due a bounce what a total shambles it’s is. Desperate for 6m when squandered how many millions

Looks good for a bounce north of 2.5p in coming weeks