of 600,000 shares coincides with the drop in the SP at 11am, since the fundraise sales far outweigh buys, I have now initiated a stop loss that at this rate will activate next week, certainly do not feel like averaging down,
Given current cashburn rate, the latest fundraise will run dry in 4 or 5 months, we have had 3 raises in 1 year, of course the market will expect another 1 Q2 2022, IF the SP does gather upward momentum due to decent contracts, I think you will find that the investors who participated in the last two raises will be quick to offload, the SP here will continue to fall ( Nov 25th last blue day) until contracts land and FID for I.M. As I live in Ireland I will not be at the AGM tomorrow but hope that the board get a GOOD kicking, I hate to say this about a company that I am invested in, but they do deserve it,
volume than normal today, selling pressure might push price lower today, not surprised by lack of forward looking statement in the interims, might need larger sedatives !!
At a guess there will be an trading update mid January, until then nothing. Dactions, letsgetchecked is huge, actually an Irish co but US funded, current value $1bn + , probable nasdaq listing 2022 if it does not get taken out, very good website with over 60 products in the self test at home market, one of the main investors is Rory Mcllroy, imagine the PR coup to them if he became the face of the co for mens health, I would hope that MHC have taken a very long look at it. If listed I certainly will invest. re FLX very dissapointed by interims and lack of forward looking statement. Roly.
Stokey12, My own current opinion is that I have lost faith in the board for a few reasons, 1 Outright lies re not another fundraise for 12 months, and the RNLI rns, furthermore the CEO & CFO current salaries as per last reported accounts show that between them they earn about 8% of the current MKT CAP p.a. this is unheard of, you will struggle to find a better paid duo, those type of financial packages are reserved for fellows running main market companies that are producing profits, dividends and therefore shareholders value.,
TTNY, I think I read that a FID for I.M. might not be until Q2 2022, what I do not understand is the recent valuation of the project stated by Cenkos of £35 - £50 M. I find this on the low side for a project that will cost App £ 375 + to construct and generate substantial revenues for 40 years, I would like to see HARL retain 25% of the equity which will be to the benefit of all stakeholders and would continue to provide generous income for the Co, especially in a time of recession when other parts of the group could struggle to generate profitable revenue. Having said that I am not sure that JW is that forward thinking, and probably thinking along the lines of another bonus post sale of the entire project next year.
And there you have it..................she goes down on small volume and then up on small volume, good shout Mr D, Quite a lot of green rants the past few days, but beware, it is a Friday and they are let out for the weekend.
Hello dactions, I saw some selling pressure tuesday, mainly because some thought there might be an announcement about PCR testing on the monday, not on wednesday though, I use ADVFN live as it is accurate. My SP forecast of two years is based on new product range launched during 2022, this range very different to PCR product so therefore it might take up to a year to see how the consumer reacts to the range and only then will we get an idea of numbers, I would be hopeful that the range will be in boots/lloyds which on its own is huge, but MHC will need to put aside quite a sum for marketing / brand awareness, if all this pans out and the numbers are enough then I would expect a SP in the range that I quoted within that timeframe. I look at MKT CAP as well as SP and ask myself the question, will the company be worth that ? based on my SP forecast.. so let us say a SP of 15p within two years, this equates to a MKT CAP of £120 M, you get my point, Roly.
Jamrock, I am not panicking, just was trying to highlight that i found the fall strange, on no news or selling pressure, I sold ODX @ 51p to buy here @ .17p so for once got that right up till now, still need 4p to break even (incl ODX loss), but think it will come. The fact that they are in Boots & lloyds I would hope/expect that both will stock the new range of at home testing products, it is the way testing is going instead of clogging up GP's waiting rooms. As I said here before MHC are trying to establish their own brand, a very tough business but if successful the SP here will be high teens within two years, am happy to hold and see what happens. Roly
Jamrock, 25% down in two days !! I watched the close live on ADVFN, it should of closed at 2.65 which was the price at 1635, then 1 trade flashed up @ 2.45 followed by the last trade @2.50 which was the recorded close, this is being pulled down and not by selling, I wonder why ? Roly.
Good find, Thanks. Given that the SP was raising here before the news about the new strain of covid, I to am surprised by the 20% drop the past two days, but will hold as I want to see how the market reacts to the new product line up 2022. PCR testing will last until COVID has mutated so much that it is no longer a risk to society, how long that will be no one knows atm. Roly
Hi Yanis, Noel was onboard here some time ago to the tune of 6M shares when the share issue was less than it is today.
Not sure why we have seen a decline in the SP on very small volume and do not expect news here till Jan/Feb 2022 when we will see a trading update and H2 figures for 2021. If FLX confirm the recent growth and break even moving into profit for Cyber this will fly, so a bit of patience here could reward, I intend to hold here until then. Roly
Trying to catch up here as was offline since Friday, there seems to be an issue with the RNS 8th November which HARL stated that they have a framework agreement in place with the RNLI for the , haul out, repairs,maintenance etc..... for the RNLI'S FLEET of lifeboats, at the time I was dubious of this RNS as I stated here and Stokey replied to my point, has something occurred that puts that RNS in doubt ? Roly.
Thanks All, Will not be waiting in anticipation of a reply, but it will be an old fashioned letter addressed to John Wood, it will not be rude just quite strong wording. I am still very concerned about the fundraise, amount/discount to SP, clearly they were running fast out of funds, and at current recorded losses the funds will again deplete in four months time, unless the promised break even/ profitability transpires . Roly
I am sure that the poster known as Wolf not happy about this continued rise here and his recent move from ABDX to ODX !
His posts were removed from this board yesterday but he was calling yesterdays rise a pump & dump.
Hello fellow (Bewildered) HARL Investors, I have to say I am still smarting from the recent fundraise and S.P. destruction. I am in the process of writing to the board (probably a waste of my time) posing many questions and my opinion of recent events especially highlighting the PROMISE of not another fundraise for 12 months which is nothing more than a complete lie. I have 2 questions for this board, when was the online investor presentation (which i watched and was pulled) ? What did the last accounts show for directors remuneration, salary, bonus, share options, I ask because unable to find since the name change, but understand that the CEO's salary punches above it's weight for what is a micro cap AIM company, and his salary appears to be more inline with a full FTSE listed company, Thanks in advance, Roly.
Have to agree with you dodgepot, a small dip on small volume, looks like they were both let out a day early, one green box is N.S. and the usual post from FK1, will have to chat to their Warden again !
Great news today which just shows that MHC are doing their best to capitalise on the covid testing space, generate revenues which will all go to the launch of what is their main focus being a at home medical testing company for numerous conditions, also with the estimated revenues from the Covid space this will reduce the need for a further fundraise, however we will have no idea of the revenues being generated till January 2022 when we will see a trading update with outlook. At the end of the day MHC is about branding and the new products will be their own, not badged MHC and given that they are currently in 4700 stores plus their own direct sales, I have no doubt that the new product line up will generate profitable revenues, I for one think that the MHC board is doing a great job and that the future looks rosey for MHC, not something that I often say about microcap/aim companies, a bit of patience here will reward, GLA Roly.
I think that the credibility of the board is now in tatters with LTH/PI's, given the recent promise of NOT another fundraise for twelve months, I think that this is the 3rd raise this year, everytime the SP begins to perform and confidence begins to return here, there is a raise followed by carnage with the SP, the last raise at 30p when the SP was about 45p and then the drop to 17p, and then today and a further drop to mid teens will follow unless JW finds a large contract X2. I for one have now lost confidence in the board, what I do not understand is that the raise was quite small but at a 30% discount to the close yesterday, wow..........I think they need to replace the CFO and advisors Cenkos. At the end of the day HARL is no different to all those other AIM companies which lived off fund raises till the lights went out, what a pity, will now look for an exit. Roly.