London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
If you want to know why the share price is going south, Canaccord have dumped some shares to reduce their holding from 12.74% to 9.2856%. Maybe more dumping soon.
Ha. Ha ha. Haaaaaaaaaaaaaaaaa
Welcome Batterseafish , new boy in Town. Well this has been going on for over 5 years now. A long list of promises and good news announcements..The phrase making the same mistake over and over and expecting a different result.!!! The long term you refer to passed many months ago. Some quality Aim shares are out there at low sp values.. Kromek is not one.
Https://www.smithsdetection.com/press-releases/sdi-agreement-with-kromek/
It seems as if Kromek supplies radiation sensors to Smiths rather than chemical detectors.
'The Ministry of Defence (MoD) said thousands of personnel would get access to wearable personal chemical agent sensors that allow them to detect dozens of toxic threats.'
https://eandt.theiet.org/content/articles/2023/10/uk-armed-forces-to-get-88m-sensor-upgrade-to-detect-chemical-threats-in-battle/
I thought that this KMK's bread and butter?
The fact that major shareholders are happy to take more shares is a positive. They have driven a hard bargain and it is they who will benefit if the share continues to decline. I rate this a weak buy as a positive return may still be 12 months away and the share could move lower before it goes higher.
Not sure critism is fair. His recommendations are generally long term value. Always best to hold off buyjng immediately after tip as MM adjust prices. As for Kromek.........no rns issued contradicts the analysis of his most recent article. Of course it could still all fall apart but the recent trading updates are encouraging. Also. lets not forget we are in a vicious bear market on AIM and generally on UK stocks.
Surely you know the term "snake oil salesmen". Not to be taken literally. They are thriving well working out of the Durham area. Whether your pal Simon T. is one i do not know !
Seriously look at his track record. Check the price when he wrote the article and what the price is after. He then writes another article on the same share that dropped since his last one pumping it again and it drops again. How does he get away with this? Its not only Kromek he does it with.
https://muckrack.com/simon-thompson/articles
Snake oil salesmen can make a living? Do they even exist?
Incredible there are still some people out there buying shares in Kromek. No wonder snake oil salesmen can make a living. Truly incredible
HR.
Correct.
AIM not the place to get cash at the moment, even if it's a well run company....
Https://www.linkedin.com/posts/olivier-cannet-98635b29_eanm23-nuclearmedicine-digitalhealthcare-activity-7108119397352775680-jQRv
in Vienna a couple of weeks ago, the first all new CT CZT based scanner by Veriton after the original 400 series design was based on Redlen's modules now taken over by Canon.
VERITON Innovative System Design: 360° CZT
Spectrum Dynamics product portfolio foundation is built on CZT solid-state digital detector technology.
The goal is to maximize the benefits of CZT in routine clinical applications in nuclear medicine departments
Skid35,
Oh yes your right on point 2 on the conversion price, but as you say it will mean further dilution of the current 600,000,000 shares already in issue lol. I think I'm right on points 1 and 3 though.
High-roller.
What is a surprise is that it is kmk who decide whether to pay cash or shares.
On 2. You have completely mis understood this, they will not convert at a 1p price, it's a trailing 10 day market price.
Major issue with The market cap so low it's just more dilution.
"Carrying a fixed interest rate of 9.5% payable quarterly in cash or shares, the refinancing was hailed by chief executive Arnab Basu ..."
1. Why did Basu ask if it could be repaid in cash or shares? That is really worrying. This shows he has 0 confidence in being able to generate any free cash to pay the interest. Why would you ask "err you know, would it be possible to pay you in shares like if you know, we can't pay you in cash?"
2. Why such a low price for the shares. 1p. Couldn't he have said 2p? 1.5p? Basically that's what Basu thinks it's worth to make it attractive to the crazy loan shark.
3. In any case, when it comes to repay (every quarter), do you think Basu is going to pay cash, that might jeopardise paying his 200k salary, or just issue some worthless paper? He is going to do the latter and dilute us even more. Hence: Get. Out. Now
I don't understand Ark87 too why he has managed to keep his 200k p/a job. I thought shareholders owned the company? Why do the big shareholders like kick him out. It's a mystery.
Top 3 mysteries of the universe (in order)
1. How has Basu kept his job
2. Why did the universe come into existence
3. How did life begin on Earth
Haha. Circus - He should be jailed.
And so should mick33!
Blaggards!
51p to 3.8p in 10 years. He has basically lost everyones money but gets to keep his job with pay rises a long the way. Why is Basu not being forced out?
Time for some honesty. For a start change the company name. I should not be alone in calling it Smoke and Mirrors. At least then investors would have a clue of the nature of these Durham Boffins. It does seem as if they do indeed have no shame. Is Basu still earning a fat salary for destroying all shareholder value.Surely nobody remotely sane will buy any shares ever again even under the name Kromek !!!!
Wow, now hitting rock bottom, issuing new shares at 1p. Does Basu have any shame whatsoever? Scientists should study his brain, as a medical science freak. Or be put into a circus freak show. "Behold, the man with no shame". Gasps for air will be heard throughout the audience as he is wheeled out for display.
Hahaha. KMK Group say they are confident but no one else is.
Have you bought in yet, mick33?
Some decent product sales could help financing!
That was my immediate reaction, 9.5% isnt that bad !
Not sure what all of us are worried about, they said 3 years ago the provision from the Chinese deal was temporary and would soon be reversed so no working capital issues, also repeated reiterated by the brilliant ST on every occasion.
That is great news...Now no reason for this not to rerate massively.....Simon Thompson of IC will probably do an update.....This now has a clear pathway to multibag......