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From ST at the IC. "Funded for explosive growth Another good example is Sedgefield-based Kromek (KMK:31.5p), a radiation detection technology company focused on the medical, security and nuclear markets. I had been patiently monitoring the company for some time, noting a raft of contract wins, but what prompted me to recommend buying the Aim-traded shares at 25p in late February was news of an oversubscribed placing and open offer which raised £20m ('Follow the smart money', 27 Feb 2017). It was an unusual fundraise as Kromek didn't need the money, but tapped shareholders to strengthen its position when negotiating contracts with government bodies and original equipment manufacturers (OEM) customers who had concerns about the company's financial strength and ability to supply significant quantities of its core cadmium zinc telluride (CZT) technologies. It's a hot area to be operating in given the geopolitical backdrop and heightened risk of terrorism. In fact, Kromek revealed this week that its next generation standalone radiation detector was deployed by the European Commission Counter Terrorism Unit during the NATO Security Summit and the visit to Brussels last month of US President, Donald Trump. It's a strong stamp of approval for the company's technology and can only be supportive of Kromek's revenues ramping up sharply as more potential customers sign on the dotted line. Bearing this in mind, although analysts Hannah Crowe and Paul Hill at research firm Equity Development predict Kromek can lift revenues by more than a third to £12.5m in the financial year to end April 2018, prompting a move into cash profitability, only £2.24m of this sum is dependent on new shipments. That's because £7.2m of the £12.5m revenue forecast is backed fully by a flow-through of the order book, and a further £3m is supported by repeat or expected orders. It wouldn't take many new contracts to accelerate the move into profitability. Reassuringly, while I was on annual leave, Kromek announced in a pre-close trading update that "products continue to gain traction in all our business segments from the increasing adoption of CZT-based technology and other products. The company expects to continue to win new customers and, together with the momentum of contract wins, it expects a step change in revenue growth in the new financial calendar year." Equity Development's forecasts look on the money to me. In the circumstances, it's hardly surprising that Kromek's share price subsequently hit my 34p target price. That was the cue for some profit taking, but after consolidating gains the share price looks well placed once again to achieve that discounted cash-flow-based target price. Rated on 1.8 times book value of £44m, and with pro-forma net cash of £22m equating to 8.5p a share, I would run profits ahead of next month's results."
Kromek's Dr Arnab Basu hails use of security devices during Trump visit 11:55 13 Jun 2017 Dr Arnab Basu, chief executive of Kromek Group PLC (LON:KMK) tells Proactive's Andrew Scott the use of their radiation technology at high profile political events - such as US President Donald Trump's visit to Brussels - validates their business model. Kromek was informed that the deployment was successful and its radiation detection systems performed well and met the desired high standards for accuracy and efficiency.
Its an update from the Questor column and they obvs got in touch with Gervais Williams founder of Miton Group who likens KMK to Fever Tree and Boo Hoo and says he is very happy to continue holding. He thinks there is an investors drought just now due to the election amongst other things. He said lack of news makes retail think they should sell but he said that its a buying opportunity. He basically states we should be valued the same as Fever Tree and Boo Hoo. He said "I am very happy to hold it"
Yes Vasc it does have that look about it but so far today I know of none that tipped it last night. That''s not to say they haven't though. One thing is for sure though and that's that this could rise in £££'s not pence if the sort of deal they are negotiating comes to fruition. This is not hype this is what they expect. If the US cities deal is rolled out one at a time then we could still rise 50p in a day and more. This is so way way undervalued its beyond belief considering that terrorist attacks are what this company is set up to prevent with its tech. Its a matter of when a dirty bomb is used not IF remember and that's from a top official licensed writer for MI5 has stated.
A professional chartist will have absolutely NONE of that nonsense on his or her screen. They will have all the "levels" set and they will play them and them lone following the "price action" very closely. Look to the left (although its past history) Set the levels. Follow the price action and volumes. Thats how you chart professionally. The rest is just faff for the punters to waste time and money on. You dont need 4 screens etc one will suffice. And use it to trade fast moving indices and markets and currencies. And dont get your feet wet . GL.
All chart mechanisms whether it be the RSI or the Williams or stochastic's are all PAST TENSE they rely on what just happened not what is about to happen. Apart from one that is. And its certainly not bollinger bands which is for kiddies. Nor is it Elliot Wave theory or Fibonacci's. GL though.
I used to be a full time professional chartist it was part of my job. I know charting inside out and could read this chart within about 2 mins if required. Its mumbo Jumbo and only works with fast moving currencies and volume markets like the Dow and of course some commodities. I am a Chief Chimp or ex rather...... trading colleague shall we say. Im not being rude but only retail punters try and chart stocks . Yes there are a small few that can be but they must be massive like Apple or Amazon etc. If you don.t know the Chief Chimp then you are not a chartist in the professional sense. GL though.
Sorry but this has nothing to do with charting mumbo jumbo. From opening bell people started piling in and still are. A few profit takers are jumping ship but this HAS TO BE a leak. A deal must be done and dusted and being announced soon. People were lined up at the gate this morning and as soon as the doors opened they piled in. Hard to say for sure but lots of small trades says to me its retail that are in the know in some way. Like the staff of a defence agency or purchasing dept ? Im just guessing of course but its very suspect!!
Vascular , you really should phone the company and have a chat. Darpa are helping them roll this out in Europe and are keen for it to happen. Look at whats happening around the world. The nature of the business means they cant tell us what they would like to but the deals and revenues will more than compensate. They would have to be complete imbeciles with a death wish to RNS a "step change in revenues going forward" Now there are companies and directors who are and would but this is not one of them. Do yourself a favour and phone them for a chat. They are eager and happy to engage with investors especially because the nature of the business limits what they can say , so they enjoy chatting to investors to explain why this is so etc.
Radiation detection firm Kromek PLC (LON:KMK) has been included in the ‘1000 Companies to Inspire Britain 2017’ report produced by the London Stock Exchange. Arnab Basu, chief executive, said: “It is a privilege to have been featured by the LSE in such a prestigious report. Not only is it fantastic recognition of our scientific innovation, but it also highlights the exciting growth prospects for the company as we have moved from the R&D phase into the full commercialisation phase.