RE: Equity Research on the London Stock Exchange9 Nov 2021 16:36
You're welcome roly12; obviously, we are awaiting not only the introduction of new products in 2022 but also the figures which will enable us to gauge the extent to which MHC was affected by the change of rules regarding the requirements for PCR testing for those returning to the UK, although the company indicates it still expects good levels of income to be maintained for the simple reason that PCR testing for outbound travellers remains in place for many countries. Having said that, the company suggests that its objective was always to use the income from the Covid testing to fund the development of their new range of home tests. The Covid testing was seen as an opportunity to raise income. Over the course of the year, since the contracts with Boots were announced, we hit highs of around 7.45 in mid-April, but are now hovering around the 1.50-1.70 mark. All the best.