Member Info for Jimzi

Still does not make sense.
Prior year sales should be reduced by 13m and net assets reduced by debtor balance plus NRV of stock.
Unless the stock is worthless [too specific?] writing off the full 13m is beyond the worst case - it is wrong.
Unless of course there are other facts not disclosed.
13m is a very material number that needs alot more explaining by the company.

The problem being a sale reversal into stock does not warrant a complete write off .
You would debit sales, credit stock on the P&L side and balance sheet side it’s debited - all fine and dandy and only lost margin is suffered.
Not what the results say . Serious questions and accountability as to comms here .
Anyone point to the validity of IC assertions ?

The strange day was caused by this and unless I’m thick doesn’t explain or tally with IC cause they allude to a big problem pre- Covid
Hence the complete balls up comms wise. On purpose or ?
Please feel free to elaborate

The Group has recorded an exceptional Item of £13.1m being substantially the write down of Amounts Recoverable On Contract ("AROC") brought about by the uncertainty of COVID-19. As set out last year, the Group had planned to reduce the significant debtor balance regarding AROC and the Group's management had undertaken several visits to China to effect this. That process looked very promising during the period up to January 2020, but the onset of COVID-19 in China, and subsequently the rest of the world, resulting in the financial status of the Group's customers becoming uncertain. Consequently, the Board has prudently chosen to take a full provision against the AROC balance.

now 22.5555.
I'm sure there will be delayed trades to fit the puzzle.

Real time trades please mms - we can take it!

Nah - if iis around a 500k quote is within the ask - atm its way over.
Just a square book with a tad of excess liquidity after the Monday rise.

Yep, there is a pesky 250k sitting on the ask at 21.36.
If someone would kindly buy it, we should progress!!

From results:
Commenced delivery on a significant $58.1m contract to provide an OEM customer with CZT detectors and associated advanced electronics for its state-of-the-art medical imaging systems.
Is this figure a typo?

a directors buy would be positive - and up one pops.
100k not earth shattering but better than nout.
[and he got his pricing wrong!]
Any others tempted to stick their head over the parapit?

Depends if they learn.
If they make sure POA's are mandatory in future,its a lesson well learned.
Pretty sure they have but there needs to be more info on this debtor and circumstances - almost vague on purpose.

Agree Mister - I listened to the pro-active vid and was blown away with the tech.
On that basis got 250k sb at 8.02.

Agree Brooko - hold above 20p for a day or so is just what we want.

So why does nothing happen?
Surely there must have been some plan beyond suspended animation?

Its a management problem esp FD.
A whole years revenue lost - how did the amount get so big - no POA.?
Covid is a screen - PRC has been back to normal for ages.
Urgent to get fresh CFO and internal treasury controls.
Its the debt is contractual so the Chinese are just refusing to pay - good luck recovering this.
Really unbelievable - no doubt Miton knew!

The Group has recorded an exceptional Item of £13.1m being substantially the write down of Amounts Recoverable On Contract ("AROC") brought about by the uncertainty of COVID-19.

But this is the same figure for the whole of the years revenue.
What does it relate to?
Glad I waited until results.

Yes, I fear Ironman is literally an iron man . As the sp goes up; so does the level of nonsense- same on most bbs.

Yep - as if forgoing tax revenue and sacrificing energy security won't factor in.
Some experts seem not to understand wider geo-political issues that occur in this world!
Seems to have frightened the crap out of some mug this morning - thats how you lose money - beleive someone called James Cocaine.

How does KMK monetise all its expertise beyond a single contract if its system is adopted?
Its huge but how do they make loads of cash?

Pretty certain it will tread water between 3-4 p until an event. Dull but comforting

How do some peeps make something that is extremely simple conceptually into so much headless gobbledygook?

Off out to write share valuations for beginners - £9.99 when available!

1.8p.
More likely the placing shares flipped - warrants not in the money enough atm.