Kromek Share Discussion Threads

[techno20] 19/7/2016 07:23

At first glance results look broadly as I'd expected. Patience still required, but steadily (rather than rapidly) going in the right direction. Forward looking statements sound positive. Was hoping for news on DARPA roll-out. Comment below is interesting......suggests wider international engagement;

"The Group is delivering on its DARPA contract to supply D3S radiation detectors. 3,500 units have already been shipped with the remaining to be delivered in the current fiscal year. The Group is collaborating with its partners in the SIGMA programme and making arrangements to commence full-scale deployment in cities across the US and Europe over the coming years"

This segment alone could be huge, while medical imaging looks like it's gaining real traction.

Techno

[trotterstrading] 19/7/2016 07:18

Strong results. £4m cash and very strong order book. DARPA mass roll out is a go and more contracts expected 'near term'"The Group is delivering on its DARPA contract to supply D3S radiation detectors. 3,500 units have already been shipped with the remaining to be delivered in the current fiscal year. The Group is collaborating with its partners in the SIGMA programme and making arrangements to commence full-scale deployment in cities across the US and Europe over the coming years.Kromek continues to make advancements in the delivery of its SPECT contract with an OEM in Asia. The commercial opportunity in this market is significant and the management team consider it to be realisable in the near term."

[pistonbroke1] 11/7/2016 15:09

Come on you septics put an order in the £ is down about 15% since Brexit vote so the dirty bomb sniffers are a bargin now!

[zipstuck] 07/7/2016 07:15

Gervais Williams, manager of the Miton UK Smaller Companies fund, which has returned 69 per cent over the past three years, compared to 35 per cent for the average fund in the IA UK Smaller companies sector in the same time period, has revealed the three stocks he believes have been made bargains by the recent market turmoil.

The veteran investor commented, ‘What is interesting is that due to brexit fears and general concerns about world growth, many investors are sitting on their hands, and that increases volatility, because if there are no buyers and even a small number of sellers, share prices fall, and some stocks end up disproportionately weak.’

[zipstuck] 07/7/2016 06:40

Miton increased holding to 11 % a month ago.

[supaflyguy] 06/7/2016 16:32

Lets hope they didnt hedge future USD sales revenue

[gnnmartin] 04/7/2016 17:12

It's always worrying when a share price sinks for no apparent reason. Last year's final results were announced on 30 July, along with a 'firm placing'. I can't help wondering if they are looking for more cash. I'll be happier (I hope) once we have the results.

[trotterstrading] 04/7/2016 15:07

Another top-up for me today.

Back in Feb, Kromek CEO had this to say about the £4m DARPA deal signed in Feb this year...

possibly 10 to 40 times larger than that £4m deal... think about that for moment, and the impact to the current SP!

We should find out how big the next DARPA order will be in the coming weeks (last sentence).

Excellent chance to by now while the share price has been taken down on Brexit concerns - but a weaker GBP is a blessing to KMK, who make the majority of their sales in USD

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A wave of high-value manufacturing jobs could be on its way to Teesside after a tech firm’s ‘dirty bomb’ detector win.

Kromek, based at Sedgefield’s NETPark, has won work with the US equivalent of the Ministry of Defence, in a multi-million pound deal to make the world’s first fully-approved gamma and neutron detector.

The ‘early warning systems’ are part of a US programme to counter terrorism.

If things go well, says CEO Arnab Basu, the extra jobs boost for Teesside could run to “several tens, if not hundreds”.

He said: “This is exciting, but it could be the tip of the iceberg.

It’s a kind of prototype deployment; of significant value for us, but still only a very small part of the requirement for the US Government.

“If this deployment goes well, the potential scale of this could be 10 to 100 times greater and create significant new jobs and expansion.

“It’s been developed and manufactured here from the start, all the expertise is here and it’s our absolute intention and commitment to build the product here.”

The contract, worth £4m, has been awarded by DARPA, an agency of the US Department of Defense, as the sole supplier of personal radiation detectors as part of Sigma, its programme for homeland security.

Arnab added: “Radioactive material, in the wrong hands, can be used in a catastrophic way - potentially in so-called ‘dirty bombs’. Detectors are needed in cities and at ports and borders.

“Our detectors are very small. If you have a lot of them, carried by people in mobile phones and linked by a central command centre, you can build a heatmap of radiation activity for an entire area, city or country.

“Any time there’s an anomaly, it triggers an alarm. It’s effectively an early-warning system against dirty bombs.”

Durham University spin-out Kromek currently employs around 57 at Sedgefield and a further 40 staff around the globe. The new roles would be in high-value manufacturing, skilled assembly and testing.

“We’ll know, hopefully, by the middle of the year where things are going,” Arnab added.

Article:
hxxp://www.gazettelive.co.uk/business/business-news/wave-manufacturing-jobs-could-way-10937528

[trotterstrading] 28/6/2016 08:48

Bought a few today. DARPA update due anytime now, plus various other contracts the company are working on. Great entry level.

[gnnmartin] 24/6/2016 17:23

I've done my bit. Bought 10,000 at 28.33.

[gadsbyw] 23/6/2016 12:14

Release just out showing that Miton has increased their stake quite substantially. Good news!

[techno20] 21/5/2016 07:46

Not close enough to the technology, but given relationship with DARPA, could hold potential??

DTRA wants new sensors to detect nuclear weapons
May 20, 2016
By John Keller
Editor

nuclear weapons sensorsFORT BELVOIR, Va., 20 May 2016. U.S. military researchers are asking industry for new sensors and sensor-processing technologies to identify, locate, and characterize nuclear weapons and nuclear weapons materials.
Officials of the Defense Threat Reduction Agency (DTRA) at Fort Belvoir, Va., issued a broad agency announcement (HDTRA1-17-NTD-BAA) on Thursday for the New Initiatives for Nuclear Detection and Monitoring and Verification Technologies program.
DTRA researchers particularly are interested in enabling technologies for radiation imaging; search and localization; upstream detection; non-permissive environments; computer vision; vehicle and material tracking; and explosive depth in mountainous topology.
Radiation imaging involves solutions for fast and thermal gamma-ray and neutron radiation imaging, as well as radiation imager data exploitation.

Search and localization involves solutions to enable rapid detection, localization, and preliminary identification of special nuclear material in vehicles, on people, underwater, and in shipping containers.
Related: Russian unmanned underwater nuclear weapon raising the stakes in global balance of power
Upstream detection involves ways to detect and characterize trace amounts of weaponized portable and ruggedized nuclear materials.
Non-permissive environments involves solutions for remotely detecting, locating, and characterizing nuclear materials with tagging and tracking sensors, remote leave-behind sensors, and sensor payloads for unmanned vehicles.
Computer vision involves using computer vision to detect, identify, and track authorized and unauthorized nuclear materials in transit.
Vehicle and material tracking involves non-computer-vision-based solutions for the detection, identification, and tracking of authorized and unauthorized transportation of weapons and materials.
Explosion depth in mountainous topology involves technical methods for remote determination of the depth of explosions in mountainous topology.
Related: IED hunters adapt to sophisticated threats
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[trotterstrading] 20/5/2016 21:44

Stale Bulls and a few stops being taken out probably.

[gadsbyw] 20/5/2016 09:50

A couple of large sells yesterday afternoon, and a noticeable drop, any idea why?

[trotterstrading] 05/5/2016 22:00

Some nice buys going through today, looks like IIs buying or perhaps Director buys, let's wait and see

[trotterstrading] 29/4/2016 16:28

More potential customers for KMK's D3S?http://www.telegraph.co.uk/news/2016/04/28/all-belgian-residents-issued-with-iodine-tablets-to-protect-agai/This article is so highly relevant it was retweeted on KMK Twitter feed

[trotterstrading] 29/4/2016 16:24

Bapodra, you seem to think the market has some sort of magic formula to arrive at the correct value of a company? This is simply not the case, particularly on the AIM market which is highly manipulated.You reference to AMP is completely irrelevant, they have multiple litigation battles to fight so need to raise funds. I know this because I've made significant sums of money trading both AMP and MOTIF bio.look back at the trading activity here over the past few days and will see the majority of the larger trades are buys. That tells me the smart money (likely II's) are accumulating.When the next DARPA deal is announced in the coming months you will not be able to buy this share sub 50p As it will be heavily marked up from the open.dyor

[trotterstrading] 28/4/2016 19:18

Vapour I'm not following your argument at all in afraid. The point it it only takes one dirty b0mb in a major city to bring a country (and most likely the global economy) to its knees, think about the effect if NY, SanFran or Washington were hit, it would turn those city's into Chernobyl overnight. It's fair to say the battle on terror is undergoing a paradigm shift, it's no longer just confined to a country's borders external boarders, there is also the enemy within.With the collapse of regimes hoarding nuclear material increased the threat is real, and more importantly for KMK holders DARPA are very serious about preventing it.