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It is fair to say that based on this volume we are heading out of the single digit share price territory. 30m shares traded in the last 3 days plus more today. We went down so quickly in the last month a rise back to 10p seems reasonable in the next few trading days if the volume continues. Let's hope for some weekend press coverage.
Slow rise to 30p will do me......This company has the technology.....just need to get it out there.....Next 18 months will be interesting.....
We were at 11/12p a few months ago before recent game changing news. Will be short term traders and maybe some volatility but suspect market has been given major assurance now from Kromek actions…Only £36m market cap !!!! IMHO DYOR GLA
Impressive company -
https://www.analogic.com/wp-content/uploads/2021/05/Analogic-Compressed-1.mp4
Hmmm?
given that Kromek signed a $58.1m 7-year supply agreement in 2019 with a Tier 2 OEM now just announced as Spectrum Dynamics,
(i previously thought it was with Philips)
It’s probably safe to say that the Bath's RUH Hospital's recent purchase of a new Spectrum Dynamics VERITON CT scanner uses Kromeks CZT modules.
this being the first of its kind to be installed anywhere in the UK.
https://spectrum-dynamics.com/royal-united-hospitals-bath-nhs-foundation-trust-united-kingdom/
Hmmm?
Thanks Mike - the fact that Kromek have been delivering against this contract on a continuous basis must have given others confidence and is a significant recurring revenue stream. Obviously wouldn’t expect Kromek to issue details of whether they are exceeded or not the original forecast volumes…. IMHO DYOR GLA
So that is it. Wonderful news from this impressive outfit. The sp struggles to cling on around 8p.. Seems there are only a few mugs buying into this great story. The majority read the same old promises, promises tag line.
Looking back over old articles and broker reports on the number of OEMs that KROMEK have said they’ve been engaged with,
It’s been steadily rising from 11 OEMs in July 2018 (IC article) to 15? odd now as mentioned by Finncap recently.
Along with the CZT furnace capacity increasing by 5 fold UK & US Pittsburgh? to x154 using funds from the last fund raise, they are well
placed to ramp up production for these new contracts and delivery agreements just announced, and any news ones to come.
the other OEMs which are expected to sign formal contracts have been
working with Kromek for a similar considerable number of years as well by the look of it. so likely in advanced prototype testing and validation
phases and planning to launch CZT based scanners in the near future , so more OEM contract news coming soon hopefully.
From the last paragraph of the Finncap report it was stated...
''The validation and endorsement that this agreement (first tier 1 customer signing) brings is expected to drive the remaining OEMs to source CZT from Kromek.
This group of OEMs accounts for est 10-15% of the current market, which represents a current end-user CT CZT market value of the region $0.8-1.0bn.
We expect Kromek to win additional customers looking for CZT detection solutions in both SPECT and CT.
Tier 2 CT OEMs accounted for an estimated 12% share of the CT market in 2022''
So who's left -
Philips Medical Systems (last tier 1) - been mentioned many times but yet to sign on the dotted line
So the remaining tier 2 CT CZT medical imaging companies that Kromek are engaged with are -
UNITED IMAGING - regularly mentioned
NEUROLOGICA - subsidiary of Samsung
FUJI - Medical Systems
MARS Bio-imaging - metabolic and functional imaging for drug development studies
Mediso - of Budapest
Toshiba - Japan
Hitachi - were engaged with Redlen (Canon now) - 2016?
GMI+ can't find anything on them..
++++ a couple of others unknowns by the sound of it.
Every OEM Medical Imaging contract bagged will very likely be a long production runs, with good earnings visibility.
I can’t see the share price staying at this level for long when the penny drops.
I always think one of the OEMs could create a strategic market advantage by acquiring Kromek - maybe the spread of shareholders makes this difficult and also hard to build
up any sizeable holding on the open market. Certainly if I owned a sizeable OEM this would be high up on my list to assess. iMHO DYOR GLA
They do not make money.
Ceo promisses progress, none comes and they dilute with continued equity raises.
Sadly they have a bad reputation for being vague, not delivering and diluting.
A good stock to play on news releases but not one to hold.
Thw volume explains all. Intense on article, now everyone loosing interest