Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Game changer
First US Department of Homeland Security Contract for Biosecurity
Award of $5.9m contract from US Government
Kromek Group plc (AIM: KMK), a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments, is pleased to announce that it has been awarded a $5.9m contract from the US Department of Homeland Security ("DHS") Countering Weapons of Mass Destruction ("CWMD") Office for the research and development of technologies focusing on an agent agnostic bio-detection system. The contract has been awarded under a four-year programme, which commences immediately, and the Group expects to receive $874k during the first year base period.
Arnab Basu, CEO of Kromek Group, said: "We are pleased to have been awarded this new contract for the research and development of agent agnostic biosecurity technologies, which will build on our existing expertise and technology in the field of automated bio-detection solutions. It is our first biosecurity contract from the Department of Homeland Security and underscores our belief that there are significant market opportunities in this area, as our technologies align well with government biosecurity strategies.
"This programme directly addresses a CWMD Office priority focused on the detection, classification and identification of bioterrorism attacks. Biological threats are an increasing priority for governments, particularly in light of the pandemic. The output of the programme is aimed at providing increased capability to detect and identify biological threats in response to the operational needs of the Department of Homeland Security and will be an important step in making the world safer from the threat of bioterrorism and other biological threats."
Very, very clear someone trading on inside information yesterday.
Canon now aggressively expanding into the medical sector?
CEO/Chairman -Fujio Mitarai: Yes. Examinations are the starting point for treating most illnesses, particularly cancer, and medical exams that are precise and fast are key. We want to strengthen our business in diagnostic equipment. We want to rank first in CT scanners globally in the future.
‘’In the global medical imaging sector, Canon ranks among the biggest names. But the company—a top maker of diagnostic medical imaging equipment—sees more room for growth. In a bold move, Canon acquired Canada’s Redlen Technologies in September. Redlen has devoted decades to perfecting the manufacturing processes for cadmium zinc telluride (CZT) detectors—a key technology in photon-counting CT scanners that’s also regarded by many experts to be the best performing’’
https://partners.wsj.com/canon/next-gen-medical-imaging/
Pedro.
Sincerely hope so and this is not, yet another, false dawn - but as you say some of the blocks coming into place....but remember this is KMK.
Brokers notes are worthless for a company the size of KMK, just repackaged top level CFO handouts from a wet behind the ears public school graduate.
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Cross over, children. All are welcome. All welcome. Go into the light
Brokers projecting a cash profit this forthcoming year,on big increases in revenue......hugely different to recent history......A huge step change....yet to be appreciated by the market...
Not needing cash for operations? Come again?
Simon Thompson has a record second to none over the years.He obviously can see the massive potential of this company,but,has got his timing wrong in the past.The company is doing well know,and not needing cash for operations,it is now standing on its own feet and expanding its revenue.A totally different scenario,one which the market has not given credit....YET......
Pedro talks of bitter shareholders and the bargain sp of kromek. Well there is no evidence this outfit will ever tutn a profit or ever pay a dividend. Meanwhile due to world events there are many Aim companies whose sp has taken a beating. There is a real bargain picking them up now. Cannot claim i know which to go for, but Pedro has no idea if he thinks Kromek is one.Some time ago on this site i asked for names of worse Aim companies than Kromek. Only one person responded naming a company more inept than Kromek. Pedro nothing has changed. Be a smart investor, starting by avoiding the clowns from Durham
Pedro look at the pattern. Repeated over and over again. Simon Thompson writes an article in the investors chronicle pumping kromek almost identical to the last one he wrote. Stock rises for a couple of weeks then falls and falls and falls the. He writes another article. No amount of articles will change the direction of this share. More and more debt and very little in the way of an explanation of when or how the profit will begin.
The future may not be so bright for the lenders if they get their interest payments in shares, to say nothing about their original investment. I hope the gloom and doom is over stated but until a series of significant and profitable sales contracts is announced, one can see why so many are sceptical- to put it mildly.
The past is the past....Look to a company now paying its way and reaping the benefits of past investment,in a new era of increasing orders.....Investors are now in a great position,as opposed to being in a company running through money.....Instead they are in a company very much undervalued by the market and due rapid expansion with much of the order values going straight to bottom line......I can see this multibagging soon....
Future is bright? Maybe for those lending the money to Kromek and the board members with high salaries but not for the shareholders.
The future is bright.Simon has a record of profits to be proud of ,over the course of many years....he timed this wrong,but,a company making profits is an entirely different entity to a company requiring funds...The future is very bright...for new investors at this juncture....just not so good for those that invested too early......Instead of being bitter and twisted,there is plenty of time to join the new investors,set to make huge profits on a company,experiencing huge demand for products....
Simon Thomson knows his stuff Pedro. Tell us the sp of Kromek every time your pal Simon has said invest in this outfit. Most taking his advice here will be looking at massive losses .So tell us Pedro. If the future is so bright at Kromek explain the sp.
Dad and lad
Simon Thomson knows his stuff....Beats the market by a long way ,taken over several years....I think this has turned a corner,and will make profits going forward.Some on here just bitter because they have lost on this....When something reaches a point of profit,it usually rerates...This is set to rerate,with so much to look forward too.....Multibag about to happen....mark my words....
Disgusting how he pumps this worthless debt-ridden share. obvioulsy has as much regard for his readers as the board in this joke of a company. They will default on the new loan arrangement and dilute the company further by paying in shares. Mark my words.
Mike,
Really unsure how many times ST has written this piece, slight different phrasing each time.
Hopefully, eventually even a stopped clock...
Https://www.investorschronicle.co.uk/ideas/2023/10/23/why-kromek-shares-are-a-bargain-buy/
I only think it will change when KMK shows they do not need to come back for additional dilutive funds, very similar to a lot of AIM companies at the moment.
At the moment, with additional bad debt provisions / high debts and debtor days / high inventory and inventory provisions they really dont show they have control on their balance sheet and working capital.
Thats outside the other issues, like Basu simply not being CEO material and a complacent board.
Oh no, it's going down again 😭
Please mick33 buy some now to push the price up 🙏 my retirement fund depends on it please
Yay, the share price hasn't gone down for a couple of days wooooo hoooo
True Billy, but then being in love is irrational very often.