Kromek Share Discussion Threads

[trotterstrading] 24/2/2017 08:41

Confidence returning an AMP selling is done, or very close to it. Time to load up IMHO.

[mesquida] 23/2/2017 18:26

A break above 25/26 would make the chart look very interesting, and if the seller is nearing the end of his line then such a break must be on the cards, perhaps even as soon as next week.

[quepassa] 23/2/2017 10:16

Well, they name DARPA NON-STOP and that's a USA government agency. they drop that name all the time.

still haven't named the Chinese $159m contract in the 4/4/14 RNS.

ALL IMO. DYOR.
QP

[king kong dong] 23/2/2017 10:00

Quepassa....a firm operating in security is unlikely to name names for obvious reasons

[aishah] 22/2/2017 13:04

Equity Development

£21m equity raise to accelerate growth
Published: Feb 22 2017
Kromek is pioneering digital colour imaging for x- and gamma rays, using cadmium zinc telluride crystals. Key markets include medical imaging, homeland security and nuclear detection.
When an army of ‘super smart’ fund managers snap-up a big holding in a rapidly expanding small-cap that owns ‘disruptive217; technology addressing multi-$billion markets, then it is usually worth taking note.This is exactly what has happened at Kromek, successfully completing its oversubscribed £20m placing and £1m open offer at 20p/share - supported by esteemed investors such as Gervais Williams at Miton (largest shareholder at 19.0%) and Katie Potts (Herald 5.35%), as well as others like Schroders (5.0%) and Killik (4.1%).
Kromek now combines exciting prospects with a ‘fortress-like’ balance sheet. In fact, the latter was the main reason behind the net £19.9m raise. Despite winning orders worth $35.5m over past 18 months (Book-to-Bill of 2.3x), a few customers were still nervous about awarding strategically important deals to the firm, because of its ‘perceivedR17; lack of financial ballast to produce commercial quantities of product, provide ongoing aftermarket support and backstop (if necessary) any associated T&Cs.
The capital injection might act as a catalyst for the company to land a number of significant orders over the next few months/quarters, indeed a 5 year deal in Security Screening has been announced today. The majority of future wins are expected to come from within its core verticals.

The Board encouragingly added on 25th January that trading was on track to meet FY17 consensus (adjusted PBT of -£3.7m on turnover of £8.8m-£8.9m), with the objective of achieving EBITDA breakeven in FY18 from sales of £12.5m. Given the forward visibility and £20m+ in the bank, we think this is achievable – underpinning our updated 34p/share DCF valuation, lower than before the placing simply due to the higher share count (153m vs 259m).

[quepassa] 22/2/2017 08:24

Not named.

Then again the name of the buyer of the 4/4/14 $159million contract was never named.....

A contract for $3.1million over 5years is not quite the same as a $159million contract.


You wanna be a millionaire next year, more chance buying a Lottery Ticket in my opinion.


ALL IMO. DYOR.
QP

[king kong dong] 22/2/2017 08:05

Excellent !!

[trotterstrading] 22/2/2017 08:02

KK, small fry to the deals coming later this year IMHO

[king kong dong] 22/2/2017 07:33

Well done Trotters....nice 5 year $3m minimum deal to get the party started. Cushty!

This time next year we'll be millionaires!

[aishah] 17/2/2017 08:50

Indeed. To get large Enterprise deals, you need balance sheet strength. Now that's done we should rise rapidly on news. Imo, dyor

[trotterstrading] 17/2/2017 08:43

Just waiting on funds to clear before adding to my holding in KMK. IMO it won't be long before KMK announce more contracts and the re-rate begins

[chrisdgb] 15/2/2017 14:01

The presence over 5% of Herald is a massive tick in the box for me......

[rochdale] 14/2/2017 10:53

miton now holding nearly 19%

[gnnmartin] 13/2/2017 14:28

Gosh, 2.8m shares sold at 20p. That's over 1%. I wonder what the back story is. Amphion finally selling up? Or hopefully selling up: I suppose even if it was Amphion selling, they could have another 5m to sell.

[aishah] 10/2/2017 12:36

Results of Firm Placing and Open Offer and Result of General Meeting

"The Company is also pleased to announce the results of the Open Offer, which closed for acceptances at 11:00 a.m. on 9 February 2017. Valid acceptances have been received in respect of 13,109,095 new ordinary shares of 1 pence each (the "Ordinary Shares"), representing a percentage take up of 256 per cent of those Ordinary Shares available under the Open Offer. Qualifying Shareholders who have applied for Offer Shares will receive their full Open Offer entitlement. Shareholders that made an application under the excess application facility will receive approximately 26.4 per cent of the excess new Ordinary Shares they applied for."

[pottermagic2310] 03/2/2017 11:27

Considering a Punt sometime in Feb

[trotterstrading] 03/2/2017 07:18

Ali I'll be taking up the offer

[quepassa] 02/2/2017 15:55

The moment the fund-raising is done, my guess is we are looking at sub 20p.

Good Luck All.

ALL IMO. DYOR.
QP



ps. still waiting to learn the names of the apparent new notifiable blue-chip institutions.


.....anyone seen the play, Waiting for Godot?

[ali47fish] 02/2/2017 15:05

well tommorrow is the last day to participate in the share offer and did not expect the share price to fall- is it still worth it trotter- i would like to see a price of 24 at least tomorrow

[chimers] 02/2/2017 07:54

Free money being made.

[trotterstrading] 01/2/2017 21:56

Yes Amphion need to patch up their balance sheet which is a horror show.There shares are being gobbled up by other buyers. The CFO spoke of a transfer, he couldn't elaborate but it seems to me MM's are managing the book in an very orderly fashion. I expect further upward pressure on the share price to the 30p mark ahead of contract news.

[mesquida] 01/2/2017 19:54

No, they have definitely sold stock. Looks like they are slowly disinvesting completely.

[rochdale] 01/2/2017 17:45

Amphion below 3% notification come through.