Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
Watching Oil closely here, if it moves strongly above $80 i3e has likely bottomed out and will be the time to load up big style.
Tony + GGG have been here before. If the SP moves up significantly they will be buddies again :)
majid out. what is the point of him being ceo when all the money making operations are in canada and he sitting here in the uk? he's not even a good hype man his interviews are **** poor.
I don't think we can give louis the credit for oil dropping from $90+ a barrel to $75. I don't remember him saying to sell beacuse the oil price will crash. Regardless, I3e is becoming a very frustrating share and i believe the best thing would be for Majid to move on/forget the North sea and hand it over to the Canadians. The sentiment here is in the toilet and we heading for 10p.
"The contract has been awarded under a four-year programme, which commences immediately, and the Group expects to receive $874k during the first year base period." £874k only first year and how much of that is actually profit?
oil closes the year above 100$ and i3e back at 20-22p fill you boots chaps the buying opportunity here is insane. people are acting here like i3e won't make **** tons from these high oil prices. of course the share price will eventually react
"mike33" Doesn't actually own any KMK shares chaps. I think that's pretty obvious at this point. I offered to donate money charity if he and "strategicinvestor" prove they actually owns shares which was ignored then back to the copy/paste ramps
Who cares about Twitter. Tony doesnt need to shill himself on twitter for subscribers he has a real job. He has MANY followers here who value his posts.
Twitter accounts with suspiciously low follower engagement usually indicates paid for / fake followers
Tony, Don't mean to be a pain but any chance of an updated spreadsheet? Your last one was much appeciated. Also, i not sure what the negative posters are on about. The share price has crashed beacuse price of oil has crashed from highs and we have a big seller. They selling beacuse they up loads on their invetsment and want out. We also have JP Moragn loading up and a very confident John Festival who is much more knowledgable regarding our assets then the forum trolls on here. Bottom line is if you think oil is going up over coming years this is good investment as any.
Literally no point of Majid being here especially if he is unwilling to show belief like JF has today.Let the Canadians run the show .
Posted this on 11th May. This share is dodgy... very very dodgy... and honestly needs investigating...
"It’s so obvious what’s going on here it’s laughable. They have engineered a rise in the share price to sucker people into the placing and the rampers (strategic investor and his merry men) are out in full force. Once they get the placing through , the share price will collapse below 5p. EXACT same thing happened with covid detector placing."
Baf3 - New investors need to stay away. Please tell me what has changed.
- The Company has raised £15 million before expenses through the sale of new ordinary shares at a price of 51 pence per share in an oversubscribed fundraising. At admission, the Company will have a total of 107,607,335 ordinary shares in issue.
Arnab Basu, CEO, commented: "We are delighted with our oversubscribed fundraising. After many years developing the business and our technology, Kromek is ready to begin harvesting value"
- Kromek, a radiation detection technology company focusing on the medical, security and nuclear markets, is pleased to today announce a conditional Firm Placing and Open Offer to raise up to £11.0 million before costs at the Offer Price of 25 pence per Ordinary Share;
"Kromek has made good progress this year, in which we achieved a lot of important operational targets, increasing our customer base and strengthening our relationship with our OEM partners. This fundraise underpins our plans to realise the value of our technology"
- Firm Placing and Open Offer to raise up to £21.0 million at the Offer Price of 20 pence per Ordinary Share
"The present fundraising will considerably strengthen our balance sheet, underpinning our plans for the sustained growth of the business and supporting increasing commercial activity through the deployment of our proprietary technology. Kromek has made good progress this year, in which we achieved a number of important operational targets, enlarging our customer base and strengthening our relationship with our OEM partners. This resulted in significant contract wins over the past 18 months which have given us forward visibility over revenues in excess of 85% of market expectations for the current year."
- Proposed conditional Firm Placing and Directors' Subscription to raise £10.0 million through the issue of 66,666,667 Placing Shares to new and existing institutional and other investors at 15 pence per Placing Share
"The net proceeds of the Transaction will be used to de-risk and commercialise bio-security/pathogen detectors and increase the rate of commercialisation, to expand sales and marketing for the Group's nuclear detection and medical imaging activities and to strengthen the balance sheet and provide the Group with flexibility to address and capitalise on the current and emerging opportunities"
The last time there was an open offer was the covid detector placing.The share price help firm at 17-18p for a while and the open offer was15p so suckered quite a few of us in. Not sure why anyone would take part right now.
For those who don't read the other shares forum. Post from "Quepassa" who has been calling this correctly for some time.
"1.
In my opinion this is a seriously worrying development.
No prospectus being issued due to time and cost considerations.
2.
A DEEPLY DISCOUNTED SHARE ISSUE (DISCOUNT OF 25.4%)
IT IS CLEAR WHEN AND WHY A COMPANY NORMALLY NEEDS TO ISSUE SHARES ON A DEEPLY DISCOUNTED BASIS.
3.
The conditionality of the Placing ON A REASONABLE ENDEAVOURS basis and the warranties and indemnities from The Company to the placing agent are to be noted.
Given the massive percentage of shares held by Private Investors through share-dealing platforms, there is clearly a concern whether enough shareholders will vote in favour to pass the required resolutions.
4.
Post 6719 refers. (As referenced above by Ark)
5.
"...and to strengthen the balance sheet to facilitate the restructuring of the Group's debt".
RESTRUCTURING OF GROUP DEBT.
"50-60% to strengthen the balance sheet to facilitate the restructuring of the Group's debt".
Sounds to me like they have fire under their feet on their debt pile and debt maturity profile.
yet more substantial dilution for long-suffering shareholders.
6.
One notes that the CEO has agreed to subscribe for £5,000 (five thousand pounds) of shares or 100,000 shares.
However, after resultant dilution the CEO's holding in the Company will further reduce from 0.69% to 0.52%.
One notes that The Chief Operating Officer is not participating.
7.
The announcement does not mention the current or future status of the Company's HSBC banking arrangements.
-----
One can but wonder to oneself how long another £6.5 - £7.5million (after expenses)will last given their high cash burn rate and massive salary payroll.
The gulf between the very upbeat tone of so many recent RNS's against today's RNS detailing an urgent need to raise yet more cash on a deeply-discounted basis is in my view absolutely staggering. And disgraceful.
ALL IMO. DYOR.
QP"