Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ambers235 yes and that's just online sales for the fit to fly test. There's also 500 Boots stores to take into account, as well as the online sales from Lloyds Pharmacy and their own website. So the sales are still strong at the moment.
It does look like the bid is moving up. Also, it's going to negotiated order on £6k at 2.1p so again not much stock left at this price.
I completely agree jamrock. Some people seem to be under the impression that per test income will completely stop this month, but you are right fit-to-fly tests will be here to stay for a while yet depending on each separate countries regulations. Penny mentioned that they expect more people to start flying as well due to the change in testing requirements which could make up for some of the lost income on the return 2-day test. Also, I listened to Zaks podcast yesterday, and one of the chaps was referring to MHC like it was just a covid test company and nothing more. I'm not sure if he's even aware of the future products/potential. His comment made me realise that a lot of people may have this view, hence what happened with the share price over the last month. When people get over this idea and start to look at firstly what's been achieved, and what is to come, then we could see some healthy moves up and consolidate at a higher price IMO. Also, again I have to agree about the excellent management!
It's looking a lot better here today. Looks like there's no stock left at this level as well as going to negotiated order at 1.9p on just £1k quotes. The chart looks a lot healthier now as well so we could be looking at a move up from here IMO. GLA
A company with £10m+ revenue and £1-3m potential profit, improved infrastructure, X2 acquisitions, good relationships with Boots and Lloyds Pharmacy and new products on the horizon is down and out? Haha sure thing mamboman
Now going to negotiated trade again so it does look like that was the bottom (IMO). Now to look ahead to next week!
Okay the asks just ticked up!
So we're now sat at market cap £12m with revenue looking at over £10m. I've heard of panic selling but this is just silly. Saying that this could be the bottom because I can't even buy £500 worth without it going to negotiated trade.
Obviously future products and income matter but this is madness. I'm looking forward to the updates.
I just hope it holds up at this support at 1.7. I daren't even look at where the next level is. Looking ahead to January/February now for new products. GLA
So the Mictrotox PD is working, up and running on un-named sites and therefore must presumably be available for sale? Excellent news!
17:30 in the interview is very interesting. It sounds like they're already working with some government or "state enterprises". Will have to keep an eye out for the pictures he said will be posted on the website.
Muggins - There's nothing wrong with offering "free" trials, or giving stuff away if it increases brand awareness and revenue in the long run. In my business we ran a marketing campaign where gave away a product for free, and just made money on the postage. It was a successful high volume approach and revenue went up 8000%, and also profitable.
Believe it or not it can also be tricky actually giving stuff away online unless you frame your offer correctly. I've been getting targeted by the STC ads on Facebook and Insta, and one thing I would say is that they need to mention how much the free skin test they would be getting is worth (£79 or whatever). People think free stuff is worthless unless you attach a value to it. Just a thought if GB or any of the marketing team see this.
I'm looking forward to seeing what the new agency come up with.
FrankiesFortune: Okay I'll hold my hands up and apologise. It looks like I was wrong about the effect the results would have, and it also looks like it's going to take longer for the price to recover. Until we hear news about the new products a suspect you will be right about it lulling around 1.8p-2p Lord Paul unfortunately. :/
Yes good point Paulcon. Apologies to anyone that was annoyed by that post. If it makes any difference, I'm actually down 20% overall on my portfolio, and the reason for my enthusiasm was because I see this as the opportunity to make it back (and more). Good luck all!
I'm not sure if I should just thank all the de-rampers. There has been such small volume here recently with low news flow and I've been watching the price erode, but I didn't think it would go this low. I've just piled now with a good holding (the most I've ever held in DVRG). Very happy with this mornings investment!
Well I'm buying at these prices that for sure.
To be honest I was surprised by the £8.5m in Q3. I was expecting more like £5m-£6m. I agree with you on the branding. These results also show that they've managed the growth in orders well, and have obviously developed an infrastructure that can handle volume. Solid management.