Member Info for mick-b

You timed it RIGHT!
Their should be an RNS tomorra morning on ICON...as this was reported after hrs.......

The venture capital firm has signed a management services agreement with London-listed company Iconic Labs, a new media and technology business, for Iconic to manage JOE and Her, while the company that operates the digital media brands will be renamed as JOE Media and Her Media.
Iconic Labs chief business officer Liam Harrington said this was “a new beginning” for JOE and Her in Ireland.
https://www.irishtimes.com/business/media-and-marketing/greencastle-completes-purchase-of-joe-and-her-media-brands-1.4376893

Very well presented and accurate video of desert storm
THANKS KENNY!!

Its better to own the IP, than to license it from another party. who can re-licence it many times.
An IP can be worth millions, as well,

"about 30 years ago, russia was bombing the heck out of armenia,"

Think you mean this...
he 1999–2000 battle of Grozny was the siege and assault of the Chechen capital Grozny by Russian forces, lasting from late 1999 to early 2000. The siege and fighting left the capital devastated. In 2003, the United Nations called Grozny the most destroyed city on Earth.[10] Between 5,000[8] and 8,000 civlians[9] were killed during the siege, making it the bloodiest episode of the Second Chechen War.........(Chechnya is part of Russia)

https://en.wikipedia.org/wiki/Battle_of_Grozny_(1999–2000)

ALSO
There was in 1991 .....
https://en.wikipedia.org/wiki/First_Chechen_War

Answering by own question above...
Found this single sentence in the last years results/report

"· Five new patents were filed and 20 were granted during the year "

Thanks for the AAZ info
I'm dumping AAZ when/if I break even.....145p
TOO high risk.......didnt know anything about the history of the previous recent conflict/wars in this region.
Only that is was part of the USSR and now under Putins sphere of influence.
NOW I know why it was so cheap!
As it didn't add up.....v low PE of 7.... no debt...3% Div...

https://www. research -tree.com/companies/uk/kromek-group-plc/research/equity-development/revolutionary-new-pathogen-detector/478e26f2-69eb-40f1-a97e-dfe02cd0e7bf

Correct link above BUT take out the space both sides of "research"

Many of the world’s best and most important products (eg Space exploration, nuclear medicine/power & the internet) were originally invented by the military. It’s happened again – but this time to combat airborne pathogens like Ebola, SARS/MERS and all manner of other biological nasties doing the rounds. You see on 10th December 2018, Kromek was awarded a $2.0m contract by DARPA (research arm of US Dept. of Defense) to develop a vehicle-mounted bio-threat detector. The idea being that this should be able to rapidly identify (within 1 hour) any dangerous germ that might have been released into the environment, say by terrorist groups, organised criminals &/or rogue states.

Well 18 months on, and Kromek has come up trumps. In fact once finished, using stateof-the-art RNA/DNA sequencing, the solution will be able to continuously monitor & collect airborne microbes, which are condensed into single droplets of water. These samples are then genetically coded, with results available in <60 minutes. Not only detailing exactly what families of viruses & bacteria are present, but also which specific strain or mutation.

Nothing else comes remotely close. This is really is ground-breaking stuff, that long term could potentially revolutionise how mankind deals with any deadly pathogen. Especially in high footfall locations such as airports, hospitals, city/shopping centres, sports arenas, theme parks, government buildings, schools, offices, airplanes, cruiseships and so forth.

Don’t get me wrong, Kromek’s smaller civilian version is not yet ready for deployment in an urban setting. However, DARPA are sufficiently confident that the project’s primary goal will be reached, that it has awarded a new $5.2m extension to the initial $2m agreement. With the objective of having a fully operational system by June 2021, or earlier.
https://*********************/companies/uk/kromek-group-plc/research/equity-development/revolutionary-new-pathogen-detector/478e26f2-69eb-40f1-a97e-dfe02cd0e7bf

CONTINUED.....

Given the track record I’m waiting for more concrete signs that these developments can translate into shareholder profits, or at least materially reduced losses.

What’s probably grabbed people’s attention is the following extract:

The Board believes that the Company can continue on its current pathway towards profitability it believes, at this point in time, that it is important to all its stakeholders to ensure that it has explored all strategic options to capitalise on the potential market opportunity and to deliver shareholder value, including options for making acquisitions, forming partnerships, separating the activities of the Group or a potential sale of the Company.
As of yet, no interested parties have come forward but it’s early days.

Conclusion

A lot has changed at GFIN since I followed it in any detail so I don’t want to attribute previous false dawns to the current management team.

That said, this is a strong price reaction to a company effectively hanging up a ‘For Sale’ sign.

GFIN has a lot going on and eSports is a great space to be in for some operators. Others will pour their heart into building the infrastructure only to see their timing is wrong, they run out of cash, and other players swoop in to reap the profits.

There is value in this market, but where does that value ultimately accrue? I would suggest that it goes to the owners of intellectual property - the games makers - but perhaps others disagree.

I certainly don’t know for sure but I’m still not tempted here. There are plenty of signs suggesting it might be better to wait for more tangible signs of profitability and cash generation. On that note GFIN is targeting profitability by the end of Q1 2021, so let’s see if it can make that happen.

I’m wary of this stock given the track record of losses and shareholder dilution. Stockopedia classifies it as a Highly Speculative Micro Cap Momentum Trap (!) so there’s a warning for you.

That said, it’s up 23% today on the announcement of a strategic review. I remain open to the idea that GFIN can prove itself as a viable high-growth business, so let’s take a look at what’s changed.

Strategic review

The group says that considerable corporate and strategic development post-COVID has left it ‘exceptionally well positioned’. It is now focused on three key areas:

JV's and partnerships with an initial focus on virtual motorsports;
Expanding the Company's own community franchise; and
Using its tech platforms and production know-how to build communities for others.
It’s a move away from delivery of physical eSports events. I did actually visit one of these events a few years ago and it was fun, but not really at the level of the huge arena-style events you might imagine. It also seemed like a potentially cash-hungry endeavour.

So a move away from single-handedly developing that business and re-focusing on other avenues could be a step in the right direction.

GFIN is now targeting profitability by the end of Q1 2021 calendar year.

There’s a frenzy of activity in the update but precious little in terms of trading figures.

Digital media

Launched Gfinity Digital Media in July 2020 which generated over £130,000 of revenues in September 2020;
New sites launched;
Partnered with YaLLa Esports to expand its RealGaming101 offering into the Middle East-North Africa (MENA);
Gfinity Plus, the ‘reward-based product’ driving increased engagement across the sites; and
On track to deliver target revenues from digital media for this financial year of approximately £2m.
Joint Ventures and Partnerships

Partnered with BT Sport to deliver a series of celebrity led gaming entertainment shows;
Partnered with ViacomCBS to deliver Street Fighter experiential event at Vidcon London 2020; and
Entered into a five-year agreement with Abu Dhabi Motorsport Management to design, develop and deliver a esports racing championship (ERC), to be jointly owned by Gfinity and ADMM.
Building communities for others

Continued partnerships with brands including: F1 Esports Series; EA Sports; ePremier League; Activision Blizzard and the Forza Racing Championship;
Chosen to deliver the new F1 Esports Virtual Grand Prix series extended into 2020 and 2021, and the 2022 qualifying events;
Selected by premier cricket broadcaster Willow TV (owned by the Times Group) to design and deliver "The eCricket Challenge", in partnership with Betway;
Appointed to operate the inaugural and follow on ePremier League ("ePL") Invitational tournaments; and
Partnered with BT Sport to co-produce a new entertainment based competitive gaming series, "The BT Sport FIFA Challenge".
Given the track record I’m waiting for more concrete signs that these developments can trans

ALL the KMK trades are shown on the LSE link below.
Click the download for the complete list.
https://www.londonstockexchange.com/stock/KMK/kromek-group-plc/trade-recap

The ticker feed that is purchased from an approved London Stock Exchange supplier,
that is tailored for this site, often stops in the late afternoon.

NOTE the correct closing price is 13,90p

The UT trade at 16-45 was 13.90p. This is the after hours auction that clears the order book
which ALWAYS gives the official closing price.
Hope this helps

*****REPOSTED AGAIN....FROM WEDNESDAY ON-LINE INVESTORS CHRONICLE******

Kromek being able to prove a shipping date. It is unable to provide this at present, hence the £13.1m write-down to AROC in the accounts.

However, all the stock remains on Kromek's balance sheet (and in its UK facilities) ready for shipment and delivery in the future, hence why the directors still expect the position to reverse, at which point Kromek can book a hefty exceptional credit. I am not sure investors have fully grasped
this accounting point.

Kromek’s rebound potential

I am not sure they have grasped that a rebound in the 2020/21 financial year is on the cards either.

Firstly, Kromek has now started delivering on a delayed seven-year Original Equipment Manufacturer (OEM) contract worth US$58m (£45m) to provide its cutting edge CZT detectors and advanced electronics in state-of-the-art medical imaging detectors. The contract should deliver revenues worth “millions of dollars” in the current financial year, says Mr Basu. The same is true of another delayed contract from the 2019/20 financial year.

Secondly, the company continues to win new contracts in other parts of the business. Kromek was awarded $1.1m worth of contracts to add technical innovation capability to its D3S ‘dirty bomb detectors’ by US government agencies. They are proving popular in Europe, too, with the European Commission and Irish Civil Defence also using them. Given the heightened terrorism risk across the world, the 22 countries currently deploying the technology is likely to grow.

Thirdly, Mr Basu reassuringly notes that Kromek’s revenue is now back to pre-Covid-19 levels following the disruption of the first quarter to 31 July 2020. That’s important as it means that concerns over the company’s cash position should now ease, another reason for the share price fall since May. Finance director Derek Bulmer says that the company had gross cash of £9.4m at 30 April 2020 and gross debt of £5.6m. Since then it has strengthened its gross cash reserves by over £2m and varied bank covenants on its HSBC facility. Given that revenue has returned to pre-Covid-19 levels, and stocks are now being delivered on delayed contracts, the company should have the funding in place to operate without the need to tap shareholders. This may not have been made clear to investors.

The bottom line is that the 40 per cent share price discount to net asset value of 13p should reverse when investors cotton onto the huge commercial opportunities for Kromek's ground breaking DARPA airborne pathogens technology that is being piloted. Buy.

MY NOTE...... Seems investors AGREE

115 -135mph winds!!
Holy sh-it !!

Michael Goldfarb looks at how eliminating a simple broadcast regulation in the United States, The Fairness Doctrine, led to the birth of right-wing talk radio, Fox News, political polarisation, and the rise of Donald Trump. He explores whether the First Amendment, with its guarantees of free speech and a free press, can survive the polarisation fed and watered by unrestrained partisan "fake news".
https://www.bbc.co.uk/sounds/play/live:bbc_radio_fourfm

Having a live medical inspection tonight
Probably rigged on FOX TV
Will we see him stripped off .........UUUUUUUR!!
BARKING.............MAD!!!!!

live spot $1924

Just bought 1m ORR @0.385
Real spread was 38/385 not the 38/40 shown
Awaiting the Senegal drill results...could be v high grades...fingers crossed
Will buy more if they are good.

WELCOME BACK SUNSHINE!!!!
Great to see you touching base
CHEERS

ASOS PLC (LON:ASC) and Boohoo Group PLC (LON:BOO) saw their shares rise on Friday after investors read-across from a strong upgrade by German-owned online fashion rival Zalando.

Zalando bumped up its full-year profit guidance to €375-425mln from €250-300mln after stronger than expected third-quarter sales and profits.

As both ASOS and Boohoo have reported, Zalando said it has benefited from lower returns rates and the digital shift from consumers, profits also benefitted from the reversal of exceptional stock write-downs in March.

Just last month, Boohoo upped its own guidance as it reported a continuation of the strong trends into early autumn.

Analysts at broker Peel Hunt said: “Our sense is that both ASOS and Boohoo will continue to benefit from the step-up in actives over lockdown and an acceleration in digital trends across the market, with both offering upgrade potential over peak.”

The Zalando update comes ahead of final results for ASOS due next Wednesday.

https://www.proactiveinvestors.co.uk/companies/news/931099/boohoo-and-asos-shares-strut-higher-in-rival-s-reflected-glory-931099.html

rolls royce flying again....240 now