Member Info for skid35

Money makers always a good listen.

Bought this at 72p when I thought near the bottom, will top up.

Pedro.

Sincerely hope so and this is not, yet another, false dawn - but as you say some of the blocks coming into place....but remember this is KMK.

Brokers notes are worthless for a company the size of KMK, just repackaged top level CFO handouts from a wet behind the ears public school graduate.

01234,

Amazing - they will say they have a yacht on order, or two villas in Italy next.

Everyone focusing on the financial wizard stuff with bergen.

As two days ago, this is still a very, very poorly run company - commercially, financially, business development and general strategy / operational execution / Business control.

Apart from the cfo no board changes reflecting the issues they have had.

This in a market of big players, long lead times from discussion / investment to cash, a lot of kissing frogs on the way.

Mike,

Really unsure how many times ST has written this piece, slight different phrasing each time.

Hopefully, eventually even a stopped clock...

Joe.

Perhaps if they had managed the company just slightly better the decision might be in their own hands

Agree with comments.

Would be great to have much more context in terms of how this impact go to market and strategy in India, the wider development of the tata relationship, and any expected ramp and over what period.

JB. Only if you're a trader prepared to loose the lot.

Looking at a lot of these renewables and thinking surely they can't go any lower, and still They do.

I only think it will change when KMK shows they do not need to come back for additional dilutive funds, very similar to a lot of AIM companies at the moment.

At the moment, with additional bad debt provisions / high debts and debtor days / high inventory and inventory provisions they really dont show they have control on their balance sheet and working capital.

Thats outside the other issues, like Basu simply not being CEO material and a complacent board.

Funny with CNS - always a days market delay to an RNS.

As a large element of my role I actually work in the space / satellite sector - would like to know the customer but this is the future.

Https://www.theguardian.com/environment/2023/oct/18/scientists-call-on-ministers-to-cut-limits-for-forever-chemicals-in-uk-tap-water

Pressure adding in the background here.

Another great rns extending market potential.

Very happy to hold.

Eth. Actually and unfortunately agree with your view, they are clueless. The further issue now is they are distressed, everyone knows just how desperate they are.

Anyone believing the Chinese issue has just suddenly cropped up in the last few weeks is wrong, despite the fact that in know at least one private shareholder was informed directly by MR in H1 everything was fine with these chinese contracts.

To be frank,and my worry in the past few months, is that D L Can make more money now letting this go to the wall and cherry picking the ip behind tarana. As a standalone piece of business this is worth, what c£10m, it all the "no brainer" / "transformative" products that have a negative value.

JB.

The time has gone for anyone placing any degree of confidence in anything in the whole BOD.

Really poor decisions on market understanding, their position in the market and capital allocation. This aligned to non existent financial /risk/ commercial management, and a business development / sales / pipeline management and understanding like the worst Dragons Den presenter.

I think with DL backing raises with his own cash he was in a bubble of his own making, arrogant and deluded, and with a Chair / CFO just idly standing by - the quote to a group "we know more about telecoms than anyone" simply ridiculous.

I have worked in some of the best US tech companies, the level of daily intensity on sales and operational execution and excellence is engrained in these companies even when they are smashing it - I never got any sense of urgency from DL / MR until they realised 6 months too late with no alternatives.

On China worth looking up the issues KMK had about 3 years ago contract signed c £10m of product left in their warehouse (their years revenue), you cannot have a business with such a narrow portfolio. Unfortunately with ENET every deal (India, china, Israeli) outside Tarana seems to have been terrible.

Really hard to read where they are from the base accounts.

I'm sure a lots not said due to commercial confidentiality but a view of key supermarket customers / amazon / pub chains / export market as four key routes to market would be welcome - an event in Brighton really isn't of interest or more importantly material.

If they can move up a gear or two and get P&L leverage at higher sales levels the balance sheet looks okay as DaveT notes.

I don't get it - DL told a group (with MR by his side nodding along like a love sick puppy) that they were working with Cisco and Juniper and that they wouldn't work for any company specific development without a contract covering the costs, its like they were making the whole thing up ?

There is PR and there is PR.

Aligning yourself to TW, who seems to be pretty much a loudmouth con artist, and Elrico, who doesn't appear to be the sharpest tool in the box in his line of questioning and thought but thinks he gods gift, isnt the greatest move.

I think corresponds to SOHs slightly 1990s approach to marketing, things have just moved on.

Well, my comment on small contracts not being rns able aged well.

Actually surprised they on this one as the ARR is small, but might be an opening for expansion in other divisions / geographies ?

This is not the type of company where a contract, or even a group of contracts, are rns able. It's just about a high level of renewals aligned to new deals of varying sizes, new / existing customer, channel / direct.

The chair going is irrelevant.

However agree the outlook segment of the recent half year update could have been more detailed / comprehensive.