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We really needed that statement. Cash burn under control and revenues rising. We could finally be heading out of choppy waters. Only time will tell.
Waohhhh !!! a sigh of relief Kromek are delivering.
We’ll done all !!
Key words from Vascular were "Kromek expects ". They have been expecting/promising more times than most of us can tolerate. The sp continues to dive,as few believers remain.Wonder what the sp will fall to before the Dead Cat Bounce arrives ?
On the 31st Jan 23 the share price was 10.5p at the time of the interim results and today here we are at 5.4p a 50% share price collapse even with a very positive outlook for the remainder of 2023! Does anyone here have a handle on what is the cash position of KMK today! Are we likely heading for another raise shortly ? Can they survive on revenue?
"Cash and cash equivalents at 31 October 2022 were £1.0m (30 April 2022: £5.1m) Cash position improved post period, with cash and cash equivalents of £1.3m at 23 January 2023
· Expecting strong revenue growth in H2 with continued contract wins in both the CBRN detection and advanced imaging segments. Engaged with eight tier 1 and tier 2 OEMs in key target area of medical imaging and Board expects to announce a number of contracts across the Group in the near term
· On track for record revenue for FY 2023: Kromek expects to report over 45% year-on-year growth"
Could be a good recovery here if what they say comes fact!
Just don't want to have the pleasure of another dilution.
Oh for Basu to have even a vague understanding.
.....and the chair Sharma has lost more than half his money. Any decent chair would have basu back in a backroom lab and a professional CEO installed by now, there are plenty of good CEOs around with a technical science background, but with a vague understanding of finance, legal, marketing and sales - and the ability to recruit key people.
Wow some people actually buy this garbage to-day. Hopefully more will follow would love to take a big loss and get out at,say, 7p.
Looks like directors buying here previously and at much higher price ....must be close to bottom.........bouncing .........
I have got a "tip" for Simon Thompson. Stick a pin in a list of Grand National runners and "put your shirt on it" Not sensible ? Compared with backing Kromek it would be an act of financial brilliance.
I for one cannot understand his consistent support of KMK and in particular the CEO Basu, who he clearly has a regular call with providing information not in the public domain. He has been fed such a load of rubbish from Basu surely he goes back to his notes from 6 /12/18/24/30/36/42/48 months ago and asks him why what he said would happen havent happened ?
ST I believe is a qualified accountant, but he clearly doesnt read the accounts which were, under the old CFO, basically made up.
When you have complete buffoons in IC buying off the back of what he says, of course it looks like he gets it right.
ST full of quagmire too!
Serious allegations of corruption need to be backed up by serious proof.Have you any proof?......Are you willing to be sued?.....The mans reputation has been seriously besmirched by your statement......
Are you accusing him of malpractice ?......He has a following because he consistently makes money.....where is your proof to make such allegations?....
After watching Simon Thompson tip KMK time and time again when its clear the management are FOS (they won't even buy themselves) i have come to tthe conclusion he is a dodgy dude. If i had to guess he is getting paid to promote them and probaly making money pumping and dumping on the side. Look as last time he tipped. His followers bought it up to 10p then "someone" started dumping for a nice profit. Just my opinion.
Simon Thompson outperforms the market every year.....by considerable margins....I would always listen to him......Who gets every call right?......Staying in this as he has a following for many good reasons.....
Basu the bull****ter should be jailed. Con, con , con.
Yes giving up my subscription to Investors Chronicle has saved me from losing even more money.
I still find it incredible that there is still a bounce with an ST write up, even the twentieth one that we are on now.
Basu clearly lied to him on the Chinese contracts being reversed and made him look a complete fool As he swallowed it hook, line and sinker without any further understanding.
I'm not sure i've seen such a gap between opportunity and management incompetence as w this company. (And I write as someone who bailed out of this stock more than once.) Even if they start to turn it around and sign a series of contracts, shareholders will take months and years to have faith in the stock. What a waste.
Bought this share in early 2021 on the basis of ST's recommendation of jam tomorrow. Since then I was promised more jam if I stayed the course and even a bigger and imminent dollop of jam if I hung on. OK, I have learnt several expensive lessons regarding ST's recommendation of AIM shares. Few of them actually make it!
Wonder how Boffin Basu feels knowing shareholders view him as nothing more than a CON man. Maybe in keeping with that role he has no conscience and has a very good laugh at our expense.. A well i have done daft things before,so investing in Smoke and Mirrors of Durham is just one more. Good luck in the future to my fellow victims on this site.
Is the current drop the Newlands chucking the towel in ?
No they're not particular on who they cover, the only criteria is £££ to them.
PI’s have been truly conned here. Bull****ter Basu et al should be jailed. And, of course, the MMs for falsifying SP and buy/sells etc
New all time low and no way back. As the saying goes they are "a dead man walking". There will not even be "a dead cat bounce" No one will be foolish enough to invest even at 1p