Member Info for surprised

https://www.investorschronicle.co.uk/comment/2020/10/07/tech-winner-in-fight-against-covid-19/

Of far more interest is Kromek’s subsequent $5.2m (£4m) contract extension by the Defence Advanced Research Projects Agency (DARPA), an agency of the US Department of Defence, for work on developing a mobile bio-security system capable of detecting airborne pathogens. That’s because the project is now expected to be expanded for use in the non-military sector in response to the outbreak of Covid-19.

Kromek has already developed a prototype to sample air and identify the presence of any biological pathogen – including Covid-19 or any mutant version that may emerge over time. The technology can be used to immediately flag the presence of someone with a contagious disease and allow effective mitigation of the risk of transmission. By placing samplers in high footfall areas, such as airports and hospitals, or where people are in close proximity for long periods, threats can be identified without having to individually test people. Knowing a carrier is infected with a disease before they infect further individuals is key to halting the onset of an outbreak and before it causes major global disruption. Non-military applications include use in shopping centres, sports arenas, theme parks, schools, hospitals, offices, airplanes, and cruise ships. Importantly, it’s incredibly accurate, giving a false alarm in just one in 800,000 tests.

Chief executive Arnab Basu revealed during this morning’s results call that Kromek will undertake field trials with the pre-production prototype collecting airborne samples from urban and rural locations starting in January, and has field tests scheduled in London with two UK government agencies: The Defence Science and Technology Laboratory (DSTL), an executive agency of the Ministry of Defence; and Defence Aviation Repair Agency (DARA). Kromek also plans for delivery of units for pilot deployment in the US in the first half of 2021.

It could be a saviour for the UK government given the problems it’s facing with its much maligned Covid-19 test and trace programme. It could also reverse the fortunes for shareholders who have seen the share price decline since hitting a 12-month high of 27p in May,

https://twitter.com/surprised_trade/status/1347575215233101829

early position ahead of possible law change ...''the launch of sports betting would represent a significant milestone. Estimates that the market would be worth about $1.3 billion.

XLM has just acquired(10.12.20) gaming & sports betting site CBWG & EliteSportsNY

60% of the US is set to have legal access to Sports betting,

https://www.bloomberg.com/news/articles/2021-01-06/new-york-would-become-top-sports-betting-market-under-cuomo-plan

The U.S. sports-betting market has surged since the U.S. Supreme Court allowed states outside of Nevada to offer such wagers in 2018. Since then, 19 states have begun to offer sports betting and six more have approved it but have yet to put it into operation,

The market is expected to explode to as much as $10 billion

https://www.bloomberg.com/news/articles/2021-01-06/new-york-would-become-top-sports-betting-market-under-cuomo-plan

The U.S. sports-betting market has surged since the U.S. Supreme Court allowed states outside of Nevada to offer such wagers in 2018. Since then, 19 states have begun to offer sports betting and six more have approved it but have yet to put it into operation, according to the American Gaming Association, an industry trade group.

The market is expected to explode to as much as $10 billion

thanks Mandello, kind of you to say, hoepfully you can toast one or two more this year :-)

After pay climbing again , up to aud 116 ...as stated here and elswhere a clear value anomoly and value gap exists here currently with as stated by IC a sum of parts basic calculation suggesting current sp should be topping over 100p+ with more to come :-)

higher lows and importantly higer highs to look forward too in this truly transformational year :-)

https://twitter.com/surprised_trade/status/1347455439546544128

7 year OEM contract worth £45m ' The contracts should deliver revenues worth millions of dollars in current financial year+other contracts. KMK is under valued by at least 40% to net asset value KMK has large established client list. Value gap exits in current sp

Tesla sp up again today, and cnbc just announced Elon Musk is now richest person in the world, in part courtesy of CPX ...hang on to them shares :-)

https://www.thetimes.co.uk/edition/business/big-bets-on-gaming-shares-over-hint-of-us-legalisation-l8w6sshsd

ambling shares were sent spinning higher as investors wagered that New York will become the next American state to legalise online sports betting.

The state’s governor, Andrew Cuomo, has been hinting that he was open to legalising online sports betting to drum up tax revenue to help cover the cost of the pandemic.

New Jersey, New York’s neighbour, is expected to have taken in more than $5 billion in sports bets last year, about 20 per cent of which is thought to have come from New Yorkers.

“By legalising online sports betting we aim to keep millions of dollars in tax revenue here at home, which will only strengthen our ability to rebuild from the Covid-19 crisis.”

David Brohan, a gaming analyst at the Irish broker Goodbody, said that the launch of sports betting in the state “would represent a significant milestone”. Within five years of going live, he estimates that the market would be worth about $1.3 billion.

yup and the sp was over 21p+ a few months ago and the IC article higlhights the fact that the sp down here at 12p/13p level under values KMK by at least 40 percent, that does not take into account new orders etc or further potential going forward...

Copy of Investors Chronicle atricle .....

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 technology . buy.

https://twitter.com/surprised_trade/status/1347103198486667266

7 year OEM contract worth £45m ' The contracts should deliver revenues worth millions of dollars in current financial year+other contracts. KMK is under valued by at least 40% to net asset value when at 13p has large established client list Value gap exits in current sp

:-)

https://markets.businessinsider.com/news/stocks/draftkings-stock-price-cuomo-online-sports-betting-ny-legislation-dkng-2021-1-1029938344

New York Gov. Andrew Cuomo unveiled legislation backing mobile sports gambling in the state.
Should the law pass, New York would become the most populous state yet to embrace online sports betting.
Cuomo backed the measure as part of his plan to revive state tax revenues after they plunged amid the coronavirus pandemic.
The governor's proposal will require gambling operators to receive state licenses and partner with gaming companies already operating in certain areas of the state.

New Jersey Open to NY Betters

Cuomo’s statements came days after New Jersey announced a record sports betting handle of $931.6 million for November, smashing its own national record set in October ($803 million) and nearing $1 billion for a single month. Mobile betting was 93.6% of the total sports handle in November. New Jersey also had $50.6 million in sports betting revenue for the month.

It’s no secret that New York bettors cross the state line to place bets in New Jersey, contributing to the handle record there.

Neighboring Connecticut has indicated it will take another look at working with tribes to legalize sports betting in 2021. In early December, DraftKings and the Mashantucket Pequot Tribal Nation announced they were entering into an agreement to deliver online sports betting access ahead of sports betting being legalized in Connecticut.

https://www.gambling.com/news/us/new-york-gov-cuomo-offers-sports-betting-as-revenue-option-2384200

looks like matters are moving quicker than everyone intially thought and XLM just happened to have bought up last month, among others , EliteSportsNY.com based on New York :-)

https://www.newsbreak.com/new-york/new-york/news/2139721061126/new-york-governor-andrew-cuomo-will-push-for-online-sports-betting

https://www.actionnetwork.com/legal-online-sports-betting/new-york-online-sports-betting-gov-andrew-cuomo-fully-on-board-will-address-next-week

Stuart Simms, CEO of XLMedia commented:

"It is great to have acquired such an attractive set of assets during an inflection point for the US Sports betting market. On some estimates, almost 60% of the US population is set to have legal access to Sports betting by the end of 2022 - this could include New York, where one of the key assets, EliteSportsNY.com, is focused."

https://twitter.com/surprised_trade/status/1346831870231769091
https://twitter.com/surprised_trade/status/1346831870231769091
back in :-)

XLM has just acquired(10.12.20) gaming & sports betting site CBWG & EliteSportsNY 60% of the US is set to have legal access to Sports betting, including New York, where one of , http://EliteSportsNY.com is focused, target 47p+

just released below

https://www.actionnetwork.com/legal-online-sports-betting/new-york-online-sports-betting-gov-andrew-cuomo-fully-on-board-will-address-next-week

New York Governor Andrew Cuomo finally embracing mobile sports betting in the Big Apple.

The details are not yet clear, but Cuomo acknowledged he would finally address the fact that New York had not embraced mobile sports betting. A statement from Cuomo was published in the New York Daily News early Wednesday morning.

“New York has the potential to be the largest sports wagering market in the United States, and by legalizing online sports betting we aim to keep millions of dollars in tax revenue here at home, which will only strengthen our ability to rebuild from the COVID-19 crisis,” Cuomo said.

https://twitter.com/surprised_trade/status/1346726106271985664

.another hot share that required a cooling period, pulled back from 14p, the sum of the parts without Tesla intially is closer to 20p+ for many, with Tesla IP case in CPX favour all bets off as it will be substantially higher