The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Kromek Group plc (AIM: KMK), a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments, gives notice that it will be announcing its interim results for the six months ended 31 October 2023 on Tuesday 30 January 2024.
Dr Arnab Basu, Chief Executive Officer, and Paul Farquhar, Chief Financial Officer, will be hosting a presentation for investors at 6pm GMT on Wednesday 31 January 2024 via webinar.
Mike.
- I pointed you to the relevant pages of the annual report. It isn't 3m, this was just one year. Due to the drop in the share price most appear now worthless.
- I don't think you understand modern executive compensation, especially LTIPs. These aren't based on whether someone has set up the company, that is irrelevant, it is on future performance and aligning management and shareholders.
- Salaries seem appropriate for a company of this size, it would be nice if they hit short term performance targets to be paid an in year bonus and be paid more.
- You have correctly stated the opportunity, I want the best management team to execute against this. I don't think basu is CEO material.
- For the nth time I don't work in an investment house.
- I didn't say they were making the wrong type of czt. I said there were grades of czt, where I work we haven't bought czt from kromek.
Thanks for correcting me Skid,
so the CEO of Kromek has had 3m shares gifted over the last how many years...10, 15,
so even at 10p a share that's £300k, a company he's created from scratch, and you moan that's excessive.
I've looked at the management salaries and not considered them excisive and below UK average.
I was hoping you would bite a bit harder and give us the full list of management salaries, against the UK average ones.
But you probably don't want to.
None are excessive, how about the CFO chief finance, from memory £180k....a tube driver on the new Jubilee line earns £70k ....you're mates at your investment house probably wouldn't get out of bed for that.
The CZT tech that's taken all the tier one OEMs, Canon, Philips, Siemens and GE 10+ years to develop and adopt will likely be utilized for the next 20 odd years.
Hence Siemens building from scratch an £800 mil site already owning a Japanese £200m? £300m plant......you moan a lot on here Skid when you should be joining up the dots....always about the management....they are the last man standing on CZT tech in the world where all the rest have been bought out by tier ones....they now have all the tier 2's as potential customers which no doubt want to keep up with the sea change in medical diagnostic imaging.
Come on Skid you told us all not long ago Kmk were making the wrong type of CZT....2/10 for understanding the business
Mike.
Challenge accepted.
You're really not the sharpest are you. Best read a little before you spout complete rubbish.
Annual accounts 2023 page 57.
Bash awarded 2.5m shares at 1p Dec 22, 0.8m at 1p apr 22.
Those are the facts.
Kromek is at the bottom of the scale and is not an "average UK tech company".
There is a very slight difference between a CEO and non exec chairman.
No, I didn't say I worked for a tech investment house.
I think you have an average buy price, judging by the time you started posting, of between 8.5 - 10p? Can you honestly say you are satisfied with the management of the company?
'Facts are objective truths established through evidence, while opinions are subjective beliefs shaped by personal perspectives'
Unless you're name is Skid
Blimey Skid that's a bit rich, you endlessly moan like an old woman on here month after month, a slip of the pen.. chairman...CEO of dear dear...
On the subject of facts, the last time I checked the CEO 's pay was at the very bottom of the scale of average for a UK
listed tech Company, and with all the multiple international projects that Kmk are working on, any the many foreign gov's and delivering on them and gaining repeat business. You have the nerve to criticize the management pay.
You say you work at an tech investment house and have account ing exp and some kind of qualifications that might impress us..so you know all this without me reminding you, and what share options are you referring to I've never heard of any In the last 5 years.
Come on Skid don't play us all as idiots like your
mates on here.
Yes, the comments of the CEO quoted in the Times demonstrated what an arrogant and inept character he is.
Do keep up.
He is CEO not the Chairman.
With the pay, pay increases, repeated share options etc as a shareholder I am firmly entitled to my views on the CEO backed by facts. The Times article did provide an insight into the complete and total lack of self awareness of the CEO.
He is certainly tech product savvy. But he’s no business man.
Glad someone gives some company news on here instead of the incessant insults of the Chairman...perhaps he is the dog's wotsits up in the NE.
Contract wins simply don't cut it as can be seen by market reaction.
The AI theme is hilarious.
The market is waiting to see the accounts (and detailed notes) to see how the company is being run.
From the pathetic "poor me" / "my wife doesn't understand me" Times article it clear Basu has learnt from past mistakes and thinks he the dogs b######.
I might feel positive if Basu and his fellow wealthy BOD members were buying significant numbers of shares. I think it is called "putting your money where your mouth is ". Something Basu has never done .
Small fry orders and heard it all b4
Petty orders but hopefully increasing in frequency and quickly adding up.
The encouraging recent strong run of orders continues: in Advanced Imaging they have won 4 new orders from existing OEM clients, worth a total $1.6m and cover CT, gamma imaging and gamma probes.
CEO delighted with evidence of the repeatability of business in the AI segment✔️
Another small step £1.6m in the right direction, still in good uptrend buyers paying more.
Mrlof, I would so love for you to be proved correct. Sadly Basu has been making claims for close on a decade. The story of crying wolf, does of course end with Mr Wolf finally arriving. In this situation hopefully a happy ending.
No medication just not looking backwards! This has been a shocker but that’s why it is where it is, cash burn is reducing and the czt business is extremely valuable. Not a fan of basu but he has built some decent tech which is only now seeing the benefits which is typical of tech it always takes longer to monitise than investors expect. Can’t seeing it staying private with such a gap between stock market value and business value. You only have to read the guff on advfn to see investors are all one way ….there lies the opportunity as most pis don’t spot the change! All imo dyor
Jan 3rd 2024
Philips mentioned in last paragraph re Photon counting CT development, also Uniting imaging and Fujifilm plus others....all pushing ahead with CZT based Photon counting CT systems.
Trends and advances in CT systems at RSNA 2023
https://radiologybusiness.com/topics/medical-imaging/computed-tomography-ct/trends-and-advances-ct-systems-rsna-2023
Correction - according to CrunchBase $340M https://www.crunchbase.com/organization/redlen-technologies
Its been brewing for quite a while that's true so baby is taking its sweet time to pop out... but market forecast does look favorable and competitor was bought for $200M.
Mrlofer, what medication are you on . Not being rude but really wonder what is going on. Why on earth should the sp improve given the history and facts available to all, including the boasts and promises from Durham now dating back almost a decade ??????
Share price is telling us something ! 5.5p to buy now, perhaps 2024 is the year when value is realised. All imo dyor
Basu , Saviour of Democracy. What a hero. Maybe one day he will do something for Kromek shareholders.
Article in Times 1 Jan 2024
Radiation detector dogs signal danger on battlefield.
Dogs carrying radiation detectors the size of mobile phones have been dispatched to Ukraine to provide troops with early warning of a nuclear disaster.
Real-time data on radiation levels collected by 8 dogs will be sent to soldiers on the ground, allowing them to decide whether to move into battle
The radar technology, made in Sedgefield, is so sensitive that it will pick up even the lowest levels of radiation. It can also identify the exact nature of the radioactive source material, such as plutonium or uranium.
Arnab Basu, CEO of manufacturer Kromek, said “The canines are going to add an enormous new capability to the Ukrainian forces. We are able to provide the highest quality information to people who are responsible for protecting or monitoring the field. If you have the right information you can act in the right way, and that saves lives.”
………..
Ukraine has 15 operational nuclear reactors that generate approximately 54% of its electricity needs.
“They are not areas where you want to have active fighting. The threat of nuclear incidents increases if you use nuclear power plants as a battlefield. It is an accident waiting to happen.”