I did highlight these when they were trading at 2.10p, on ADVFNs Jekyll & Hyde. They kicked on up to just under 5p over the proceeding weeks, settling into a ‘holding pattern’ of 3.25p (at time of writing) as the placing shares came into play. They’re fully funded and are doubling head count in their Manchester Laboratorie/s.
Sources are indicating that a huge, potential company making contract, much bigger than first rumoured, is in the pipeline, the ‘Nuts & Bolts’ (Details) of which should begin to leak out. I ‘suspect’ that MHC have been in negotiations either directly with the UK Department of Health and Social Care (DHSC) or indirectly through an affiliated partner via the UKs ATAMIS Procurement primary tendering portal.
Now here’s the nub. We all hear plenty of ‘Jam Tomorrow’ whispers. Bear this in mind. If, like me, you’re holding, then feel free to sell at any time. If you’re looking to buy in, then don’t. Wait for MHC confirmation of the contract/s win. Remember: A contract isn’t in the bag, until it’s in the bag!
It’s almost certain that MHC has an ATAMIS procurement registration with the Department of Health and Social Care as My Health Checked are a Government approved provider of Test to Release and private COVID tests.
As I understand it news should come within the next 21 days however it could drop at any time on a major Covid 19 contract win. If that comes, regardless of when, then this SP will almost certainly charge towards 10/20p and could go higher, depending on the contract/s value…..
Remember you heard it here first!