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Please do.
How much do you get paid for your blogs. Any vacancies? Need to pull some of my losses back.
We could do with more like you M33 , so much faff about buys and sells means nothing. What sends up shares is company successes. News about their products for the uninitiated is always welcome. They've diluted their shareholders slices of the company in supporting the development of their products and now it looks as though they are on the brink of making profits. Patience required and hope they don't need to tap the beleaguered shareholders for more funds!
Hi Billy I don't post regarding share prices spikes or drops...JUST...news, there's a new radiation detection product launch coming in the next few weeks, maybe I'll post that for you to read about.
Now then, mick33. Is that little spike a repeat of what we have seen for the last 10 years? How far down till we see the next one? Perhaps we will only hear from you on the next spike……. If we have one.
Mike33. “ Hi S investor, it's a bit lonely on here being the only ones who think Kromek will come good eh?”
You got that wrong pal. I think most if not all on here want KMK to come good but, as the trend line shows, that’s not been the case since IPO. Also this rise now is not out of sync with the trend and, your posts are not out of sync with this rise either. Your back in with your positive blogs as usual.
Anyway, let’s hope it continues up for the sake of all us long termers!
Yes I did, was useful although they are not able to give any new material information in such forums for obvious reasons. Am hoping more new investors bring fresh analysis to the table. GLA
Hi S investor, it's a bit lonely on here being the only ones who think Kromek will come good eh? did you get in on the web presentation last Wednesday, I missed the first half but the good guys at the PR company sent me the link to watch it again.
Thanks Mike. Hopefully get some fresh perspectives on Kromek now. Comments in the article you have posted (both the bits you have pasted and elsewhere in the article) are a new input to me. Hopefully get fresh comments from others on forecasts and value realisation scenarios.
Recent Developments
Last Updated: Weds-26/07/2023
Kromek’s final numbers for the year to April released 24 July showed a materially better H2 performance than implied at the time of the placing (gross margin over 50% vs high 40s, and free cashflow of £1.1m vs broadly neutral). Sales for the year grew 44%, and they have 60% visibility for the broker forecasts of an increase to £21m – which looks modest, given over £8m work in progress at year end and would only be double H2’s level.
We met the management subsequently and were pleased that they anticipate that the medical imaging business, now the only independent supplier of the advanced CZT imaging material, is expected to sign up all of the OEMs without their own in house supply (six each in SPECT and in CT scanning) within the next 2-4 years, as the industry switches to this superior image quality product. Revenues from their unnamed Tier1 OEM (Philips) are expected to start flowing towards the end of this FY, and their existing Spectrum Dynamics contract is expected to bring in c $8m / year over the next five years.
As a reminder, the “unnamed”Tier 1 OEM medical imaging company- which they have previously revealed to to be Philips- has given them a seven year deal to integrate their CZT-based detectors into their OEM scanners. No value was placed on the deal. Brokers finnCap have suggested that this contract could be worth $120-150m over seven years.
The other CZT deal announced this year is a collaboration with the US company Analogic, a 50 year-old business taken private for $1.1bn in 2018 which has a range of medical and security imaging technologies. The deal is intended to develop next-generation CT scanners with improved image quality and reduced radiation emissions. Numbers were not disclosed though their brokers suggested that the scale of the business might be similar to the $58m 7-year contract they have with Spectrum Dynamics.
Nice rise today.deserves to be much,much higher. News lately set to transform this company into a cash cow...
Just realised we are having the usual twice yearly ST bounce as IC hits the doormats.
Let’s hope even a stopped clock is right twice a day.
Hi Skid
Yes hopefully brighter prospects now. I think Execution risk is now low and the new Tier 1 contract on its own should be much larger than the current £58m contract that is being executed. I can only see corporate restructuring for Kromek - spin offs, merger, take over etc as profits ramp with new wins and completion of the implementation timeline of 18/24 months for recent/ new wins in the medical field. Predators tend to swarm at some point as clarity of future longer term cash generation emerges. End of 2025 into 2026 should see real lift off in profits.
GLA IMHO DYOR
Cheers
Strat.
1. Nice end to the week. I have always called lows to myself at 15, 10 etc but hopefully with the overall AIM market stabilising and no more serious missteps hopefully this will continue.
2. Need the detailed annual reports but appears some good signs, negatives still of ridiculous stock levels and continued write offs as a % of cost of sales as well as non tangible assets.
3. Analysts at this level are really just fed by the company, but do therefore provide the thoughts of management.
4. Was always going to take some time for the new chair (as well as a cfo who can count) to get the governance and strategy right, hopefully we'll see the fruits in the coming years.
5. I have always said KMK has incredible options, but let down by operational weakness and very serious governance issues.the
For lths, hopefully we can get back to our averages, recent holders you may have bought in at the right levels.
I think the only way to analyse Kromek is to review the Analysts forecasts and reach you own opinion. I suspect analysts will increase forecasts as more contracts are won, as always it is easy to knock forecasts hence best to review in detail and make you own amendments.
The billboard here has been quite toxic historically with clashes of personalities and agendas. Hopefully better analysis going forward.
Good luck all.
Some chance! He has a knack of glossing over the ones that sink and trumpeting the ones that rise.
Just for Billy and rustynuts as I know they love to keep up with all things + about Kromek
"Every time this incredible machine is installed somewhere on the globe, we feel a new sense of satisfaction. Very proud to have designed it with Davidi Gilad, and very happy it is installed here in Israel."
https://www.linkedin.com/posts/alex-padwa-0a327b1b_every-time-this-incredible-machine-is-installed-activity-7087432302770679808-L3xP
I'm looking forward to the Philips? tier one sales, they will be a factor of 4 times I guess, oh then there will be product sales from Analogic to look forward too...can't wait..then a few other OEMs look likely to incorporate Kmks CZT, all probably long multi year contracts.
I hope he apologised for his earlier tips, now is probably the right time to be tipping but his previous timing has been awful. My tip which is worth checking out is Newmark Security. Due to report a tidy profit in September, 4x PE, US business is stella growth. If you like to take a little risk there is far more upside on offer than downside. I don't usually ramp but they've just revamped their website and are boasting about 3x revenue growth in the next 3-5 years. https://newmarksecurity.com/
Tipped today by ST in the IC ........ again. Hopefully he is right this time.
What's done is done. It has been awful. But looking forward there is hope.
"Kromek is on track to report an underlying profit (adjusted EBITDA) this year to April 2024" Basu added.
No I don't understand - sell and move on I understand - Hold and talk the price down I don't understand. Unless you actually want the stock to go down which is an odd thing to want for anyone holding stock. Only rational explanation is shorters talking the stock down to make money. Irrational explanations are chatting on a board that you hold no stock for to buy it lower, holding stock but wanting the price to go down or just feeling bitter for a stock youve lost money on. All a little sad really.
Sadly company says same old thing each period while pushing out losses.
Only way to play this is buy and pump along with IC but ST is surely getting bored as well. They never deliver.
Final results out today.
I don't think the market was impressed with an INCREASE in the loss from the previous year.
"Loss before tax was £7.3m (2022: £6.1m loss)"
Basically, this SP is not going to move north anytime soon. I think the market would want to wait to at least see the trajectory of the losses reducing. You could sell and come back in 11 months time, do something with that money, buy back in and the SP will be the same 5p.
Notsofast. It’s down already
Bet the SP is down at close today.
You are right! You really don’t understand do you?….