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Pin to quick picksKromek Share News (KMK)

Share Price Information for Kromek (KMK)

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Share Price: 6.30
Bid: 6.10
Ask: 6.50
Change: -0.45 (-6.67%)
Spread: 0.40 (6.557%)
Open: 6.75
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TRADING UPDATES: Treatt hikes dividend as earnings jump in year

Tue, 11th May 2021 14:12

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Treatt PLC - manufacturer and supplier of natural extracts and ingredients for beverage, flavour and fragrance industries - Reports pretax profit before exceptional items up 71% year-on-year in the twelve months to the end of March to GBP10.4 million. Revenue, meanwhile, jumped by 14% to GBP60.8 million. Treatt declares a 2.0 pence a share payout for the year, up 8.7% on the prior year. The company says an improved performance was driven by an increase in margins from growth in higher value-added categories and improved citrus product mix. Treatt says it expects that ongoing investment in its capacity and innovation capability will fuel long-term growth.

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Polar Capital Global Health Trust PLC - investment firm - Reports net asset value per share improvement by 3.2% since the end of September 2020 to 276.63p as of March 31. NAV per ZDP share rose by 1.5% over the same period to 111.83p. The company's share price at the end of March stood at 242.00p, representing a 13% discount to NAV. In the same period the company's benchmark index, the MSCI AC World Daily Total Return Net Health Care Index in sterling with dividends reinvested, rose by 1.0%. This means that Polar Capital Global Health outperformed the benchmark as its NAV total return was 3.6%. The trust says dividends for the current financial year ending September 30, if declared, will be paid in August 2021 and February 2022.

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Summerway Capital PLC - company which invests in household and consumer goods sectors - Reports a loss after tax of GBP217,600 compared to GBP86,700 posted the year prior, reflecting operating expenses of GBP106,500, up form GBP97,900 the year ago. In addition, the company incurs one-off costs relating to the placing of shares and change in investment strategy of GBP92,200 versus none in financial 2020. Finance income, meanwhile, declined to GBP1,500 from GBP11,200 the year before. As at February 28, Summerway held GBP7 million cash, up form GBP5.5 million as at the end of August 2020.

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Conygar Investment Co PLC - property investment and development group - Reports NAV of GBP86.7 million, or 164.0p per share as at the end of March, down from GBP95.3 million the year prior. During the six months to the end of March, the company buys 740,000 shares, representing 1.4% of its share capital, at a cost of GBP810,000, which equates to an average price of 109.0p per share. The primary cash outflows in the half-year were GBP8.4 million incurred on development projects and investment properties, including GBP7.1 million to progress the development at Nottingham. These were partly offset by cash inflows of GBP1.0 million from the sale of King's Lynn and Fishguard lorry stop resulting in a net cash outflow during the period of GBP8.2 million.

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STM Group PLC - financial services firm - Reports pretax profit before exceptional bargain purchase gain of GBP2.0 million for 2020, down from GBP3.9 million posted in 2019. The decrease in profit is largely as a result of the higher professional indemnity insurance premiums, an increase which was seen across the market, which were introduced in September 2019 resulting in 2020 being a full year with these higher costs. Profit before other items climbed to GBP3.6 million from GBP3.5 million the year ago. Revenue rose to GBP24.0 million from GBP23.2 million year-on-year. STM Group increases final payout to 0.85p from 0.75p paid the year before. Total dividend stands at 1.40p versus 1.50p the year prior.

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Lexington Gold Ltd - gold exploration and development company - Reports net loss for 2020 from continuing operations was USD700,000 against the prior year loss of USD500,000. Total assets, meanwhile, jumped to USD5.5 million from USD400,000 recorded for 2019. The company does not currently generate any revenue as it is at the exploration stage after an acquisition of Global Asset Resources Ltd which, via its wholly owned US subsidiary, holds a 51% interest in and operatorship of four gold exploration projects in North and South Carolina in the US.

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AltynGold PLC - mining company - Says revenue jumped to USD10.1 million in the three months to the end of March from USD4.6 million reported a year ago, mainly driven by improved gold poured production and also by higher gold price. Production went up by almost 43% year-over-year to 131,733 ore mined, and the quantity of contained gold increase more than by 70% to 7,462 ounces. The positive momentum in production growth and improving contained gold is expected to be increased over the coming quarters, the company notes. AlynGold says it did not experience any negative effect from Covid-19 or interruptions on its production operations during the quarter.

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Vector Capital PLC - commercial lending group - Says GBP3.1 million gross proceeds from IPO, received in December 2020, have largely been deployed into new lending and will provide the base for drawing down further on debt facilities. The company says current trading in 2021 has been in line with expectations and its pipeline of new loan opportunities remains strong. Vector is now concentrating on loan book growth by enhancing its engagements with its broker network.

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Kromek Group PLC - supplier of detection technology - Achieves significant sequential revenue growth in the second half over the first half of its financial year to April 30, and expects to report revenue and earnings before interest, tax, depreciation and amortization in line with market expectations. The company says it continues to maintain tight cost control, improve collections and manage cash flow. Kromek says it is well-placed to capitalise on the opportunities across its business and continues to look to the future with increased confidence.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
28 Sep 2023 17:14

IN BRIEF: Kromek Group completes refinancing of borrowing facility

Kromek Group PLC - Sedgefield, England-based detection technology supplier - Completes the refinancing of its borrowing facility, with the signing of a new GBP5.5 million secured term loan. The new facility is being provided by Polymer N2 Ltd, a significant shareholder in the company. It has a repayment date of March 27, 2025, with an option to extend for a further 12 months. It carries a fixed interest rate of 9.5%, which is payable quarterly, and Kromek has the option to pay the interest through the issue of new ordinary shares.

Read more
21 Sep 2023 15:50

UK shareholder meetings calendar - next 7 days

Friday 22 September 
Argos Resources LtdGM re members voluntary liquidation
B&M European Value Retail SAGM re appointing Lasry as director
Faron Pharmaceuticals LtdEGM re election of new board members
Stranger Holdings PLCAGM
SysGroup PLCAGM
TI Fluid Systems PLCGM re waiver resolution
Odyssean Investment Trust PLCAGM
Monday 25 September 
Amte Power PLCGM re share issue to raise GBP2m
Ondo InsurTech PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re appointment of new directors
Tuesday 26 September 
BSF Enterprise PLCGM re placing, subscription and broker warrants
Cohort PLCAGM
Ediston Property Investment Co PLCGM re disposal of the property portfolio
Fulcrum Utility Services LtdGM re AIM cancellation
James Cropper PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Mycelx Technologies CorpAGM
Orient Telecoms PLCAGM
Redde Northgate PLCAGM
Saietta Group PLCAGM
Scholium Group PLCAGM
SulNOx Group PLCAGM
Supreme PLCAGM
Tern PLCGM re management changes
Wednesday 27 September 
4Global PLCAGM
abrdn New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
Baltic Classifieds Group PLCAGM
Coral Products PLCAGM
EDX Medical Group PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
Pharma C Investments PLCGM re executive changes
Riverstone Energy LtdEGM re tender offer
Samarkand Group PLCAGM
System1 Group PLCAGM
Schroder Real Estate Investment Trust LtdAGM
Voyager Life PLCAGM
Thursday 28 September 
abrdn Japan Investment TrustGM re merger with Nippon Active Value Fund PLC
abrdn Japan Investment TrustAGM
ActiveOps PLCAGM
Babcock International Group PLCAGM
Boussard & Gavaudan Holding LtdEGM re managed wind-dow proposals
CentralNic Group PLCGM re name change to Team Internet Group PLC
CT Global Managed Portfolio Trust PLCAGM
Diageo PLCAGM
FIH Group PLCAGM
FRP Advisory Group PLCAGM
Kromek Group PLCAGM
Oxford Cannabinoid Technologies Holdings PLCAGM
Pembroke VCT PLCAGM
Polar Capital Holdings PLCAGM
Redcentric PLCAGM
Revolution Beauty Group PLCAGM
Roebuck Food Group PLCAGM
TruFin PLCAGM
Zoo Digital Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
12 Sep 2023 14:26

IN BRIEF: Kromek detectors used in Spectrum Dynamic's new scanner

Kromek Group PLC - Sedgefield, England-based detection technology supplier - Says customer Spectrum Dynamics Medical has launched an advanced imaging system, SPECT/CT, which uses Kromek's digital Cadmium zinc telluride detectors. Says the new scanner sets "new standards" in energy range, sensitivity and resolution.

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6 Sep 2023 16:36

IN BRIEF: Kromek extends credit facility repayment to end of month

Kromek Group PLC - Sedgefield, England-based detection technology supplier - Extends repayment date of its GBP5.0 million revolving credit facility with HSBC Holdings PLC to September 30 from Thursday last week. Says the move is taken as it finalises terms to refinance the borrowing facility. This follows a previous extension, as announced when publishing its annual results in late July. Says it will will make a further announcement in "due course".

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24 Jul 2023 11:25

Kromek reports "record" revenue; eyes positive earnings in new year

(Alliance News) - Kromek Group PLC on Monday said it delivered a year of "record" revenue thanks to "significant" growth in its advanced imaging and CBRN detection divisions.

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5 Jun 2023 10:50

IN BRIEF: Kromek wins USD1.5 million contract in Asia

Kromek Group PLC - Sedgefield, England-based detection technology supplier - Secures USD1.5 million contract in the civil nuclear market from an unnamed existing distribution partner in Asia. Says the order is for a new product, designed for civil nuclear applications, including the detection, identification and analysis of radiological sources. The product will be delivered over the next 15 months. Adds it will supply three new customers in Asia.

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26 May 2023 14:13

TRADING UPDATES: Triple Point Social quarterly net asset value up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

Read more
2 May 2023 11:00

AIM WINNERS & LOSERS: Longboat Energy signs Japex joint-venture deal

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Read more
2 May 2023 10:25

Kromek shares up on USD1.4 million order from new OEM customer

(Alliance News) - Kromek Group PLC on Tuesday said it has secured an an initial USD1.4 million order for its CZT-based detector modules from a new original equipment manufacturer customer.

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19 Apr 2023 14:58

IN BRIEF: Kromek shares up as partners to develop detector solutions

Kromek Group PLC - Sedgefield, England-based detection technology supplier - Signs deal with Analogic Corp to collaborate on detector solutions. Says the collaboration is for the medical imaging and security sectors. Says the technology can result in improved image quality whilst also providing "a gateway to material characterization and quantitative results, allowing early detection of life-threatening illness such as breast cancer or heart disease when used in medical imaging".

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18 Apr 2023 12:04

Kromek surges on seven-year agreement with Tier 1 OEM

(Alliance News) - Kromek Group PLC shares jumped on Tuesday, after it said it has entered an initial seven-year agreement with a Tier 1 original equipment manufacturer.

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29 Mar 2023 11:48

Kromek receives USD1.1 million orders from medical imaging customers

(Alliance News) - Kromek Group PLC on Wednesday said it secured repeat orders for its cadmium zinc telluride-based detectors from three medical imaging customers worth a total of USD1.1 million.

Read more
29 Mar 2023 09:27

Kromek secures $1.1m of repeat orders

(Sharecast News) - Radiation detectors supplier Kromek has secured repeat orders for its CZT-based detectors from three medical imaging customers worth a combined total of $1.1m.

Read more
31 Jan 2023 14:51

TRADING UPDATES: RBG ousts CEO over "cultural concerns" and strategy

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
9 Jan 2023 13:16

Kromek secures repeat US government order for radiation detector

(Sharecast News) - Radiation and bio-detection technology specialist Kromek has secured a repeat order worth $0.8m from a US government customer, it announced on Monday, for its 'D3S ID' wearable nuclear radiation detector.

Read more

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