The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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I follow Simon Thompson.When he says a share is worth double or triple......take note.....I have made plenty ....taking note and investing.....when he suggests that.....
You're conveniently ignoring all the "duds" Pedro, of which there have been plenty, especially the past 12 months. Look at his buy tips on BATM, LoopUp, PCF, ThinkSmart, to name but a few. All tanked. The guy really doesn't walk on water.
MIKE, Justo to say Thanks for your time and notes. Appreciated. I missed the event due to work.
Everyone still views KMK as they have these past several years and Its the awareness of all these different opportunity's, and how close we now are to opening of new Tenders / contracts that the market is currently missing IMO
Sounds like the covid tech has a while to go yet - but could be mega - but with so many other tenders waiting to be unveiled - anything else is possible and that's the attraction here - this year should be different to others ...I know it sounds like dogma ...but surely we are now approaching the cusp of what everyone has ever longed for here. Now is not the time to give up IMO.
The distribution constrains from, and the fear of in house CZT supply issues of some of the majors sounds like a short term bonus to take market share.
Buying at 16p is not as if we are chancing our arm at the top of the market ...so its a BUY from me.
Bostonboy14, You are absolutely spot on. Way too many duds in recent years. VLG is another dud tipped repeatedly by ST you forgot to mention.
I can even draft ST's next article on KMK in a few months from now: "no jam so far, but jam tomorrow."
Mike ( anyone). One point in your recent notes from the presentation. You mentioned that the £58 million contract was from GE?
I assume you mean GE Healthcare ( part of General electric) who I understood is a competitor of KMKs !
You would think that GE would have their own "in house" supply also.
Any idea why GE came to KMK . Who do they usually use ? Do you think their is a world shortage / disruption of accessing CZT . I know that KMK are now the only independent manufacturers in the world but I'm wondering if this is just a one off thing , or could other company's also come to KMK for supply. Do all KMKs competitors have their own supply?
Sorry so many questions but I'm obviously not well read up on this CZT and its distribution etc
Cheers GL Vas
https://www.gehealthcare.com/about/about-ge-healthcare-systems
Hi Vascular, I've left my notes at work, and I'll check when I'm back in, I tried doing some digging on the other new OEM product launched Naeom**? with no luck, there's been 2 in the last few months GE and I think Siemens, Kromek s big contract 58 mil being with I think GE, but might have got it the wrong way round. I've tried to read up on the general global market for CZT but there's not much going, an Israeli CZT manuf got bought out 8 ? years ago to. Cannons take out of the Canadian company just being the most recent
Why is everyone assuming Canon will refuse to supply Redlens clients after purchasing Redlan? I assume I’m missing something...
Aqc888, you are missing the pie in the sky beliefs around KMK. No jam so far, no jam tomorrow, that is the history of KMK.
L3Trader, I see x3 triggers that have the potential to have a dramatic effect on Kromeks share price. The biological pathogen detector, the nuclear detector tenders, the divestment of the CZT business. Each has the potential to have a dramatic effect in the near future. What’s your view on why these three triggers won’t happen, apart from Kromeks history?
I think / agree that historically KMK kept their heads down and worked on the technology and IP an they picked up what they could contract wise as they went along. Today, the landscape is much more in KMK s favour. And their technology is ready /nearly ready for what amounts to an absolute humongous wave of money from Governments related to Health, security, nuclear and Bio pathogen detection and KMK no longer need to search for the opportunity's , the opportunity's are appearing right in front of them.
And don't forget that KMK is actually working with several of the government departments who will be tendering for several years in developing what they need.
They do not need to dominate the market to do extremely well , just get a small percentages of even some of these emerging markets and KMK will be a winner.
If you mean by "keeping their heads down" they weren't trying their hardest to achieve maximum commercialization that is a kick in the teeth to the share holders who have held for 8+ years suffering huge dilution every 2 years and devastating losses. Remember:
16th Oct 2013 - SP = 51p
Arnab Basu, CEO, commented: "We are delighted with our oversubscribed fundraising. After many years developing the business and our technology, Kromek is ready to begin harvesting value by seizing the opportunities to sell our technology and products into the medical imaging, security screening and nuclear detection markets.
No. I did not mean that .
What i meant was that they have kept their heads down, and survived what is to many the most risky part of the company's progression and individuals investment !
Its common knowledge here on AIM some company's / many company's go bust before they have had the length of time to realise their goals, others are just crap company's and never produce anything etc. Others continue with disappointing results for upto a decade ( CyanConnode, etc ) and only then their cutting edge technology comes into play, they are at last in the right place at the right time with the right technology and most importantly Governments are putting up Billions to buy it.
Destiney, Luck, Planning, Chance, Zeitgeist - whatever you want to call it - some company's are crap investments for years, and survive with excellent technology at the end , that changes their fortunes.
So no disrespect to long termers - we have all been long termers in shares in AIM only to sit and watch them die of old age with no revenue.
KMK is IMO through this stage and is transforming into a new entity.
Can see strong demand here with back over 20p in coming days IMHO DYOR
They haven't just kept their heads down, there has been Very basic strategic and operational errors year after year.
On top of this we have major, major issues with BOD ethics and integrity.
Kmk would be in major cash difficulty if it hasn't been for the unquestioning uncritical support of ST and his cult like followers.
Skid, if Kromek hadn’t made “ basic strategic and operational errors year after year” - we wouldn’t be able to pick it up today for a bargain price. We need to focus on the future, which will be lead by the quality of Kromeks products. All of which look promising. But even more importantly than that the markets which Kromek operate in all look extremely promising. A bright 2022 awaits. I’m increasingly confident Kromek will appear in the ST 2022 bargain shares edition in 3 weeks which will add a further 20%
“I’m increasingly confident Kromek will appear in the ST 2022 bargain shares edition in 3 weeks which will add a further 20%”
That only takes us to an SP of 0.186p from from current price. Not really worth getting excited about if you’ve been here since IPO.
How many times can he tip KMK to the same audience? I'm also not convinced ST provides anything more then a short term bounce. The only thing that matters here is Basu actually delivering something that assures the market no more placings!
Aqc.
You may well be correct, but that exactly what was said two years ago when it was mid twenties.
It does remind me of the new girlfriend going out with a 10 times divorced bloke, it will be different this time, he's changed....
Smoke and Mirrors Plc, sometimes called Kromek. reminds me of the Scietist who invented the light bulb the lasted forever and only used 10% of the electricity. Each bulb cost £50,000 for some reason sales never seemed to "take off" For Scietist read Scientist or Kromek.
Nice to see healthy buying and rising confidence…
It didn’t last long did it?
Some staggering drops today, Augmentum fintech which I luckily sold last month, down 16.5% today. Many other tech shares down hugely. How long will this sell off last? A lightening attack on Ukrainian capital is ft headline. I think the sell off is being over done, but will drop further I fear. Kromek will likely suffer here if further falls persist
I suspect market will bounce back strongly tomorrow and Kromek also as people take advantage of the dip