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Placing on way?
No value here until seller clears. Regardless of great company and IP, there is clearly a seller and overhang to clear.
Covid detection is thus corona virus detection, it’s starting to get silly!
Is this investable?
I read the NYT article and found it very interesting , yet slightly unnerving. Thanks :)
That old chestnut about where there is crisis there is opportunity, rings somewhat true in KMKs case. I'm thinking that along with KMKs present day markets of medical, security screening and the nuclear market they have been given the opportunity to add a fourth potential market of Covid detection and urban survalance and prevention. This new market if successful could be yet another game changer for the company, going forward , just as The homeland security market is expected to be at some stage.
Along with the virus came along an entirely new market, one that was not there this time last year and who's potential size is also hard to imagine. What will governments pay for such technology .
It is an interesting comment and I remembered reading your post when I read the Bloomberg article below. If the tech will work on a plane then the potential is there to use it in workplaces, retail malls and leisure facilities.
And this will not be the last zoonotic disease; Kromok's knowledge base might be able to identify instances of an as yet unknown outbreak of a deadly virus and people are going to want to be more prepared in the future. This NYT article is interesting:
Interesting comment from John Howell.
"John Howell: I agree absolutely. We need to do all we
can as we go through the covid-19 crisis to make sure
that we retain key industries and jobs in our country.
Climate Assembly UK also recommend investments
in the development and use of new technologies for air
travel. There are different aspects of that to consider,
including the development of sustainable fuels—some
investment in that sector would be good—and the work
of companies such as Kromek in Sedgefield, which is
developing technology to analyse the air on an aeroplane
between take-off and landing to see whether the virus is
present on the plane. If we can test on the plane, we do
not need to test at the airport—we will know whether
there are people carrying the virus on the plane. I would
encourage investment in those sectors, which could
make our airlines safer and cleaner, and give confidence
to both business and leisure travellers.
The aviation sector is vital to our economy, to jobs, to
trade and to growth."
If successful, I hope they put them on the tube and buses as well.
For a company that is IP driven I cannot understand the threads on this board focussing on ventilators.
It is a very short term, low margin revenue gain - it does help cover fixed costs of equipment but that's about it.
Have they said anywhere what the revenue share with the partner will be for the new ventilators ?
What stood out for me at the recent directors talk interview re the above. KMK have a timeline to market release of this product in May 2021. Imagine if they managed to meet that timeline, Covid is not going anywhere soon, with the likelihood is that it will remain in out communities for many years and a surveillance device that could be used in the community such as this, could be invaluable in picking up hot spots.
The only thing i'm unsure about is considering that the US Sigma etc funds are payrolling this technology, will KMK have freedom to sell product throughout the world independently or be constrained in any way or form ?
What we really need is proof of concept for the miniaturised version of the above. It sounds like science fiction at the moment but would be incredible if it really could detect a range of airborne pathogens including Covid19. The PCR reagent technology is impressive enough when used on a biological sample such as a nasal swab, but here we are talking about millions of cubic metres of air!
I made good money at 24 then more at 21 a short while after. Having followed the trend the SP failed to recover as I reinvested at 18 and then 15.
I know someone involved at a senior level and the inside story is a good positive one with several positive messages that haven’t been published.
Poor PR and communication from Kromek. I can only imagine it’s suits the board to see the SP reduce for some reason!
The company and product story is good though so watch this space. I’m certainly following it with a potential upside coming when the SP bottoms out. I think this is when we’ll see the board buy into the business.
Wish I had done the same. Does look like a traders share, good if you get in and out at the right times within a six month window.
Medium term worries that airports / customs business is dead with lower travel volume, and healthcare budgets focused on Covid. Ventilators just short term noise and distraction.
Real lack of communication from the company is a major issue, either nothing to report or bod are poor and unnatural communicators - likely a mix of both.
Matthew. I was invested a long time ago and sold , And I'm back , that's why I have started posting again. I wished I had reinvested in April this year at 10p, but didn't. I recently bought some more and to be honest I don't mind if it tests 10 p again, as I'll buy some more. It's very likely kMK will get over 20 p again and possibly much further ...so if you want to sell at 24 p again it's probably a good bet to buy the share at today's prices or cheaper.
As the SP slowly and steadily drifts down Vascular is still here after many years talking the SP up. Glad I got out a 28.
Yes manufactured in Vietnam. Two thousand order. But it looks like your right. Shame.
So the Ventilators were made in Vietnam? If so they are not the ventilators made by Kromek, simply the same model made under licence from Metran Co.
more here, again translated into english
More than 1,000 MV20 ventilators have been donated, providing timely support to local and hospitals in anti-epidemic and COVID-19 treatment.
from February 2020, when the COVID-19 translation broke out, the Business Association of District 1, Van Lang University and Van Thinh Phat Group actively promoted project to manufacture 2,000 breathing machines for Vietnam.
This is the second handover of breathing apparatus of Van Lang University and Van Thinh Phat Group, District 1 Business Association (Ho Chi Minh City) to the Government of Vietnam and localities.
Eight localities to receive this number are Quang Nam, Hue, Da Nang, Can Tho, Dong Nai, Tay Ninh, Lam Dong and Ho Chi Minh City. We think that universities must also solve problems of the community, society and the country. In the process of manufacturing ventilators, we do not care how much it costs, but we want to comply with the schedule and quality as committed with the Government.
I seem to remember KMK said in their RNS hat the ventilators were for sale in the UK and globally.
Well form this information they seem to have Vietnam covered with at least a 1000 units.
Compos MV20 is the name given to Kromek's new ventilator. Manufactured in UK by Kromek under license from Metran Co., Ltd (“Metran”), a Japan-based leading developer of medical ventilator products and technology to support the COVID19 response.
Metran is the japanese manufacturer and distributor of the ventilators.
Metran have called this ventilator the ELICIAE MV20. If you visit this page and read the first seven news posts , they are very insightful, imo. They detail the pilot, the success of the ventilator, reviews and a manufacturing award form Vietnam for the MV20 ventilators.
If you then read this translated text (from Vietnamese to English) from here
It states "Ministry of Health confirm that the MV20 ventilator meets the standards of the ventilator manufactured at Vietnam, suitable COVID-19 prevention. Products are allowed to circulate in Vietnam as well as export without limitation.
"On July 27, 2020, the Ministry of Health issued the Decision No. 3335 / QD-BYT for the ELICIAE MV20 ventilator for COVID-19 epidemic prevention and control. At the same time, on July 30, 2020, the Ministry of Health of Vietnam issued the Certificate of Free Sale (CFS) for the ventilator model ELICIAE MV20."
"After more than 5 months of design, adjustment, clinical testing, professional evaluation and mass production, up to now, a total of more than 1,000 MV20 ventilators have been awarded to local, local hospitals, timely support. support the Vietnamese health sector against the COVID-19 epidemic."
So it looks like there may have been delays but they are now over and in just one country they have shifted 10000 units in July20.
Im thinking that the two new products launches along with their presentations over the coming few days and weeks will be the turning point for another share price rise. They should have some customers waiting on the sidelines - they have done the R&D for these two fantastic products for a reason, there must be customers waiting.
I think and hope this tests 10p but historically now is a much better time to invest than 20p....and I have been invested in and out for a number of years. Have a lok at the graphs.....and KMK are in a better position now than ever imo.just don't be greedy.
Aloha. I've bought in here a few times then sold at a loss, watched it keep going steadily down and bought back in when I felt it couldn't get cheaper only for it to continue falling. Just seems like a bargain even when it was in the 20s...?? Clearly not my best choice of company so far but luckily my others have done OK and have more than compensated but is there a date we are expecting news or do we just live in daily hope...? As things stand I'm torn between adding even more or selling up I am erring on putting more in I think
giancotti - we could do with those positive news statements !
The outstanding returns from kape etc have been large enough to more than offset kmk.
Came to this share originally after seeing gw was a key shareholder
Pronation proved to be more effective as far as I am aware - be interesting to see the financial implications of the (mis)adventure; as a recipient of a Queens Award it would be no surprise if the Gov bought them as part of an International Aid initiative though.