Myhealthchecked Share Discussion Threads

[tia01] 09/8/2023 17:30

I’m shocked they didn’t talk about a buyback given the resolution was passed earlier this year to allow one. Think 10% springs to mind. A buy back and Directors buying would change the direction of the share price swiftly.
I so confused and disappointed that they never got any new retail deals with high street stores since Boots was Non binding.
It’s a missed opportunity as Boots alone looks a good step but a lonely one.
Why would Penny and the board destroy the opportunity from Covid Revenue!
Suicidal in my eyes but it appears they are happy to do so

[control1] 09/8/2023 17:20

Alternatively, and if we're not getting a divi, I would also suggest a buy back of 12m shares at this level, reducing us to 40m in total for the princely sum of circa 1m GBP...This would also probably help the share price no end...

[tia01] 09/8/2023 17:11

I agree they should resign if they don’t intend to buy before they milk the 5m in the bank.

[atlantic57] 09/8/2023 16:32

Markets are always looking ahead.
It is currently a blank screen until
They report results from new products

[gstarkey] 09/8/2023 16:07

The Board view this as a company to take money out of in salaries not buy shares in. Their options don't count as they were given to them free - they did not put their hands in the their pockets. Poor alignment with shareholders. If the directors don't buy at this level they are non-believers in the business model and should resign.

[tia01] 09/8/2023 13:37

I’ve looked and they need to buy other wise it sends the wrong signal. They had a few dilution over the last few years but no way would anyone support them again with current boards record.
Anyone on the board should be saying why ain’t they supporting the company.

[pictureframe] 09/8/2023 13:19

Tia - have a look at the May accounts - you'll see how many options the directors have and the price. It's millions ! They are not going to buy imo.

I'd also have a look at the salaries these people are taking out.

[tia01] 09/8/2023 12:03

No chance of any recovery in this one if Directors don’t show there hands

[tia01] 09/8/2023 10:27

The fact is MHC still have 5m in the bank and potentially sales of both Covid and new products. The company has gone through a transitional phase and now on a growth strategy.
How successful remains to be know with facts on sales.
Yesterday’s update was dire but not to be unexpected as we knew Covid revenue would slow.
So why over 40% down!.
Personally think lack of Directors buying and guidance on new products.
That said how many companies have only 52m shares, reinvested millions on growth. No debt and 5m to see them threw on the Aim.
Not too many so is the selling harsh.

[tia01] 09/8/2023 09:47

Market capital on par with cash equals a good gamble to me.
When penny and the gang buy the herd will follow.
Waiting for Penny is a long wait as she bleeds the company with huge salaries and give away bonuses.

[atlantic57] 09/8/2023 09:26

I give the Company credit for jumping on the Covid Bandwagon successfully and having the guts to make an acquisition ,launching new products.They have also successfully got contracts with big name retailers.

However the jury remains out until the results indicate that they have been successful.

[tia01] 09/8/2023 09:18

Back to Penny status
No buying from Directors!
Penny should walk with CFO

[tia01] 08/8/2023 19:03

Keith
I don’t think treating it as a start up is a correct analysis as it has self funded and has many potential revenue lines other than Covid ones alone so it definitely moving in the direction it set out from the start of the journey. From a £35,000 turnover in a pregnancy company to where we are is a huge achievement. On the negative side it’s clear it will take time and costs to promote and generate great sales from new products whilst Covid revenue diminishes. They still have money and means to turn things around but time is also a key factor. Maybe they are vulnerable to a takeover but most shareholders won’t get back what they invested I suspect. A value of 6m with 5m cash left seems an over reaction given we are debt free but who knows the true value. Then I ask what are new brokers doing to promote the share value!. Nothing just like the Directors who haven’t bought as yet despite the huge fall from recent 27p high so why should new money take risks!.

[tia01] 08/8/2023 17:27

Mercia are like us all well invested more than most. They clearly know that diluting the share is value destroying.
Penny did sale in April they were fully funded through growth stage but how much does one believe.
Also Mhc vulnerable for a takeover especially with trust in the board diminishing quickly along with cash.
No new contracts to report on so depending on Boots alone don’t seem a great strategy however I did see Boots have a TV add in the World Cup game this morning so if they contribute to one this may help

[tia01] 08/8/2023 13:55

I suspect the Directors will buy when the sellers done but to be fair still a lot of buyers today so Market Makers have a field day. Wouldn’t it be lovely to see a flurry of buying lead by Penny and the board.

[keithadaz] 08/8/2023 12:16

I think you need to treat this as a new company ,having 1 years cash in the bank, with new products but no demand as yet. Exciting .... Bad news is from previous news issued over the last 4 years, Mercia seem to not want MHC to issue a cash call which suggests creating a market is going to be down to competitors and MHC hitching a lift ....?

[pugugly] 08/8/2023 12:02

Tia01 - They know where the corpses are awaiting burial -

[tia01] 08/8/2023 11:04

How much did the previous CFO get paid!
How come no Directors supporting the share price with buys!
What a disappointment from leadership

[andymunchkin] 08/8/2023 10:40

TooManY spaced oUt p&dUmp merChants here doingThY bUsine$$

[control1] 08/8/2023 10:28

What I want to know is what happened to the help, guidance and assistance the company has received from its many advisors to whom we presumably pay a fair wedge...???Clearly the previous FD was out of his depth in terms of growing the business so where was all the sage knowledge from the paid flunkies...??

[tia01] 08/8/2023 09:47

Whatever happens one would expect with a new strain of Covid increasing sales for covid products from June and new lines bedding in in Boots it’s fair to say second half will be better.
So maybe the smart money tops up at these levels

[spacedust] 08/8/2023 09:30

Drip drip if thr new products figures are not released soon.

[mike2042] 08/8/2023 09:16

Penny + BoD what are sales forecasts for the new product lines????? This vanilla trading update is without any value for shareholders.