Member Info for busicat

Much better than chasing deals with top 3 just now, IMHO. Scaling up predictably and manageably with existing partners in existing geographies makes more sense to me at this stage than chasing big wins at this stage. Less dilution of stretched resources while recurring revenues base is built, margins improve and commercial negotiating power improves.

228.6 was lowest this year, so maybe this is near the bottom for the sell off?

Solid interims, glad of bargain price to top up today.

Very pleasing to see how they've presented progress and potential with the snapshot results on their website:

https://wp-ondo-2021.s3.eu-west-2.amazonaws.com/media/2024/07/SNAPSHOT-FY-24-Results-for-Website-29.7.24.pdf

Also from that, I just noticed who the Chair is. Mark Wood is a big name in insurance and very hot on the financials. Encourages me to think my money is safe here.

That's more like it!

And here's a Motley writer article link from that same page...nice to see someone thinking same as me:

https://uk.finance.yahoo.com/news/ftse-100-stock-down-50-115737633.html

Pre-results leaks clearly not detected here!

Frozen pipes detected?! Results on Monday and presentation on Tuesday so far not drumming up the interest I expected.

Looking FAB!

...and now we have lift off on hardly any buys :)

SpencerG, I don't know enough to say how good an investment this is or whether anything negative is upcoming - pre Revenue always especially a risk!

I just know the company is seemingly on track towards commercialisation going by 2023 results (and subsequent milestones) and interim results are due out 20 Sept.

...rocket continues. 40p peaks last two big runs, including from under 10p last July, show what's possible when this one gets momentum.

Mon 29/7 for results and presentation should be interesting.

You're welcome, Totdy :)

Big % price drops pre-results then rises in July into early August have emboldened me to be more reckless than following your sensible suggestion, which comes too late, Chameleon, as I've now filled up here. You may well turn out to be right that now is too early. On the other hand from day lowest to highest was about +60%, 88%, and 40% (or 117% if starting at 7 July for 2023). I'm hoping that allows some margin for error if history repeats itself. Which of course it may not. Fingers crossed.

Price low pre results surprises me given the progrees so far and the director buys just before the closed period, especially the Chair's £48k buy at 14.8p.

Maybe blind folly but, yes, I'm tempted throw some more in here over the next few days.

10% pop up followed buying pressure arriving as soon as I decided to trim. As ever. You can all thank me later.

Price up on the increased volume this time :)

1 July interview still relevant I'd say, thanks Suart - very interesting. Brings to life what the tech is avtully being used for, plus CEO comments on share price question:

Q “Although the shares have started to gain momentum since this announcement, they have failed to gain the momentum you would have expected after the funding arrangements announced in February.”

A “Yes, you are right, particularly as the AGM held on March 4th agreed all these arrangements. As I told the Times in an earlier interview, in my view, it was a mistake to list on AIM as there are limited analysts and investors who understand the true worth of Kromek and our technology. There are many trades making 2 or 3p a share gains but few long-term holders. Perhaps we should have considered a Nasdaq listing?”

“Notwithstanding that lack of understanding in your technology, which I compare to that excellent company Graseby in the 1908s which was eventually gobbled up by Smiths. Would you consider a trade sale?”

“I have always said that I would prefer Kromek to remain a standalone company. We are the sole remaining CZT technology company not to be part of a larger company. Our three competitors were all purchased, one for 4x earnings. Having said that, if an offer came along, I wouldn’t turn it down!”

£290k buyer at 15:05:00 for 457.73 presumably agrees, squadraazzura