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Good write up investors chronicle
What’s struck me this week with the latest flurry of Kromek agreements announced with OEMs securing their CZT module designs and ensured CZT future supply, and the all revealing Finncap write up detailing clearly the unique position Kromek finds itself in.
is how this has all been foretold and predicted by Kromeks management.
They've watched for years the medical imaging OEMs adoption of CZT by GE initially then Philips, Spectrum Dynamics, and even Siemens who have in house Acrorad of Japan (but it seems un-suitable CZT Spect grade supply) and the moves to buy out the very few companies who make it.
It’s been a concern for some that Kromek would be split up and taken out at a discount of its true worth and potential with
patient shareholders not seeing the benefit from the years of R&D hard work and investments put in.
Many here relentlessly criticize the management and its business plans to date, when it looks to me they've quietly played a very shrude policy of not falling into bed with one OEM or another, probably resisting offers of 10, 15 % stake company investments
(as Cannon with REDLEN) from large OEMs that would shackle them and limit their ability to offer any truly independent supply to other companies. What’s happened this week is the confirmation i hope/believe that Kromek will remain an independent CZT supplier to many
global customers for years to come and go on to be a sizeable and respected and very profitable company.
one for the pension pot.
Mike are you joking? When KMK launched 10 years ago the share price was 51p and you think they’ve been shrewd?!
Well GE only launched the first ever CZT in 2017, and there was no market for CZT then, it's been a slow train coming, Kromek weren't a company many would have considered a investment then, just wearable + static radiation detectors, I'm talking about recent history...last few years..then trains now arrived at platform 1
Mike33. How much do you get paid for your blogs?
Well Ark, this is a general comment here, ie not just at you're good self, but I don't bother to post on any another of all the companies I follow. I don't because every other one I follow mostly tech innovative, disruptive call them want you want all have full on very informed savvy (who can even spell) posters, they are all over the companies (SRT, Nano,+) here that's not the case for some reason, all the serial moaners on here one single quality..they never do any research..never post any links never look at the future potential here..just bang on about the past...why this is just on this board I can't fathom, I'm just an engineer who knows how long it takes to get things thro' testing and approvals, etc but there's posters on here that endlessly post negative posts who are hairdressers, some even say they have stif-icates . Just remember empty vessel's make more noise.
I remember when the biological pathogen detectors were being developed and the research notes by brokers were talking of £500m market for them and Kromek would get a 20% share of the market… I remember all the unique and excellent IP Kromek talked of. I was suckered in (luckily got out before it crashed). But I always had in the back of my mind why aren’t the management buying shares, why is the ceo taking a tiny amount at the fundraising at 16p. Well it’s all clear a few years later. It was all bu***it. Today we see more “excellent news” yet still no buying, anyone wonder why? Kromek is at a near record low 6p. I find it pretty offensive that a founder &ceo owns such a tiny share of the company and hasn’t bought any as the price tanked. If I saw a board member invest £100k plus I would radically change my view of Kromek. Till then, I’ll assume all they have is more bu***it in the tank.
As a number of posters have stated we have had these type of MOUs, not contracts before - actually we have also had contracts which turned out not to be contracts with the CFO and board basically making sets of accounts up with a dart board.
Most other companies would have doubled with the news of the last two days, but with Basus and the board past ability to execute even of 1% of what they promise this is effectively discounted to nothing.
Looks good with tangible material commercialisation. Real game changers as most point out. iMHO DYOR GLA
Well,,Acq888 and skid35 you have "nailed it "... Empty promises and lack of any investment from Basu over many years explains why the recent Wonderful news has seen the sp barely move..Long term investors think in terms of snake oil salesmen. A share price close to 10p requires many new investors ignorant of the history of Kromek. To invest now is to believe something has changed in Durham..My thoughts are on the lines of "doing the same thing over and over again and expecting a different result !"
and interview
..........
https://www.proactiveinvestors.co.uk/companies/news/1012757/kromek-group-announces-two-key-contract-wins-1012757.html
............
A slow rise to 30p over a year to 18 months will be rewarding to those who believe this company has a great future........
The significance of these milestone contract wins is only just starting to be fully appreciated by the market.
The IC article is bound to attract a number of new investors over the coming days and articulates the potential upside very well.
For the first time in many months I am once again feeling sanguine about KMK's prospects.