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Hi Skid
Yes hopefully brighter prospects now. I think Execution risk is now low and the new Tier 1 contract on its own should be much larger than the current £58m contract that is being executed. I can only see corporate restructuring for Kromek - spin offs, merger, take over etc as profits ramp with new wins and completion of the implementation timeline of 18/24 months for recent/ new wins in the medical field. Predators tend to swarm at some point as clarity of future longer term cash generation emerges. End of 2025 into 2026 should see real lift off in profits.
GLA IMHO DYOR
Cheers
Strat.
1. Nice end to the week. I have always called lows to myself at 15, 10 etc but hopefully with the overall AIM market stabilising and no more serious missteps hopefully this will continue.
2. Need the detailed annual reports but appears some good signs, negatives still of ridiculous stock levels and continued write offs as a % of cost of sales as well as non tangible assets.
3. Analysts at this level are really just fed by the company, but do therefore provide the thoughts of management.
4. Was always going to take some time for the new chair (as well as a cfo who can count) to get the governance and strategy right, hopefully we'll see the fruits in the coming years.
5. I have always said KMK has incredible options, but let down by operational weakness and very serious governance issues.the
For lths, hopefully we can get back to our averages, recent holders you may have bought in at the right levels.
I think the only way to analyse Kromek is to review the Analysts forecasts and reach you own opinion. I suspect analysts will increase forecasts as more contracts are won, as always it is easy to knock forecasts hence best to review in detail and make you own amendments.
The billboard here has been quite toxic historically with clashes of personalities and agendas. Hopefully better analysis going forward.
Good luck all.
Some chance! He has a knack of glossing over the ones that sink and trumpeting the ones that rise.
Just for Billy and rustynuts as I know they love to keep up with all things + about Kromek
"Every time this incredible machine is installed somewhere on the globe, we feel a new sense of satisfaction. Very proud to have designed it with Davidi Gilad, and very happy it is installed here in Israel."
https://www.linkedin.com/posts/alex-padwa-0a327b1b_every-time-this-incredible-machine-is-installed-activity-7087432302770679808-L3xP
I'm looking forward to the Philips? tier one sales, they will be a factor of 4 times I guess, oh then there will be product sales from Analogic to look forward too...can't wait..then a few other OEMs look likely to incorporate Kmks CZT, all probably long multi year contracts.
I hope he apologised for his earlier tips, now is probably the right time to be tipping but his previous timing has been awful. My tip which is worth checking out is Newmark Security. Due to report a tidy profit in September, 4x PE, US business is stella growth. If you like to take a little risk there is far more upside on offer than downside. I don't usually ramp but they've just revamped their website and are boasting about 3x revenue growth in the next 3-5 years. https://newmarksecurity.com/
Tipped today by ST in the IC ........ again. Hopefully he is right this time.
What's done is done. It has been awful. But looking forward there is hope.
"Kromek is on track to report an underlying profit (adjusted EBITDA) this year to April 2024" Basu added.
No I don't understand - sell and move on I understand - Hold and talk the price down I don't understand. Unless you actually want the stock to go down which is an odd thing to want for anyone holding stock. Only rational explanation is shorters talking the stock down to make money. Irrational explanations are chatting on a board that you hold no stock for to buy it lower, holding stock but wanting the price to go down or just feeling bitter for a stock youve lost money on. All a little sad really.
Sadly company says same old thing each period while pushing out losses.
Only way to play this is buy and pump along with IC but ST is surely getting bored as well. They never deliver.
Final results out today.
I don't think the market was impressed with an INCREASE in the loss from the previous year.
"Loss before tax was £7.3m (2022: £6.1m loss)"
Basically, this SP is not going to move north anytime soon. I think the market would want to wait to at least see the trajectory of the losses reducing. You could sell and come back in 11 months time, do something with that money, buy back in and the SP will be the same 5p.
Notsofast. It’s down already
Bet the SP is down at close today.
You are right! You really don’t understand do you?….
Notsofast.
From my posts its not talking down the stock, its facts based on prior management commitment and execution countering the blind faith of some.
A brief look, some positives some negatives.
Major issue still seems to be working capital management with continued write downs of debtors and stock year after year, why don't customer want to pay according to contract terms ? Stock increased now to 26 months.
I really don't understand why anyone holding shares would constantly play down the stock. Ok maybe there are a few on here who feel bitter about some of the past and that they are down but that still doesn't mean it makes sense to constantly have a go. We all want to see the price go up right? That is right isn't it?
FY23 results saw revs +44% and an encouraging move to an adj EBITDA profit of £1.63m in H2. We see that momentum extending into FY24, introduce FY25 forecasts and retain a 26p/share fair value.
As you can read/hear in full new research note below:
https://www.equitydevelopment.co.uk/research/encouraging-h2-supports-a-positive-outlook
Hey mike33 what's your real name? It's Arnab Basu isn't it! Ha ha you've been found out! Dude, get on the phone and do some cold calling! Please try to make a profit! My life savings depend on it!
Also please take a salary cut.
Ironknut. Legal or not. I’ll have a go. Has to be more exiting than this load of bull. Haha.
Billyb, i think we might both fancy something of what mike33 is taking.. Two questions: Is it legal and can you get it without being "an in patient".
Get a grip, Mike33. Your as fake as Basu the bu11sh177er!
And now the Veriton has full FDA clearance in the states hopefully they will sell well up against the tier suppliers, their tech is amazing
https://www.linkedin.com/posts/spectrum-dynamics_snmmi2023-veriton-dspect-activity-7078896944521080832-bayU?trk=public_profile_like_view
Gilad Yoeli on LinkedIn: #spectrumdynamics #veriton |
https://www.linkedin.com/posts/gilad-yoeli-8863b01_spectrumdynamics-veriton-activity-6962343762186407937-CvlU
A Spectrum Dynamics Veriton with 12 Kmk CZT camera modules getting installed in a hospital with a view.