Share Name Share Symbol Market Type Share ISIN Share Description
Kromek LSE:KMK London Ordinary Share GB00BD7V5D43 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 28.75p 28.50p 29.00p 28.75p 28.75p 28.75p 138,408.00 07:41:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology 8.3 -4.1 -1.5 - 74.47

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Date Time Title Posts
21/3/201716:43Kromek Group PLC1,042.00
19/5/201507:23Kromek Group (KMK) - Overvalued AIM mugging177.00

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Kromek Daily Update: Kromek is listed in the Pharmaceuticals & Biotechnology sector of the London Stock Exchange with ticker KMK. The last closing price for Kromek was 28.75p.
Kromek has a 4 week average price of 30.72p and a 12 week average price of 24.59p.
The 1 year high share price is 34.50p while the 1 year low share price is currently 18.50p.
There are currently 259,015,618 shares in issue and the average daily traded volume is 702,511 shares. The market capitalisation of Kromek is £74,466,990.18.
quepassa: PS. Trotters - a little unnecessary perhaps to call me stubborn. And by the way, isn't that rather the kettle calling the pot black? This is an extract from your post no. 545 dated 29/4/16 when the share price was near 40p "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." Well, the cold light of reality has proved to be very different indeed to what you have been saying. Faced with this reality, who actually is the stubborn one? The share is a whopping 50% down from the date of your post and 60% down on your 50p forecast. It is clear that your calls have been very wide of the mark. Whilst I may be bearish, perhaps that stance has proved a lot more accurate than your hitherto stubbornly repetitive assertions about the skywards share price evolution of KMK. ALL IMO. DYOR. QP
quepassa: The company marketed the original flotation on figures and forecasts which approx six months later caused a shock RNS to be released about missed sales forecasts that in turn collapsed the share price. Kromek then issued on 4/4/14 an RNS about a $159m contract detailing dates and precise expected yearly revenues from that contract. Has the 4/4/14 RNS been reliable and held water? How much of his own money has the CEO put into the new equity highly dilutive issue? As in the past, a blue-skies scenario again seems to be being painted about Kromek's prospects. In the past those blue-skies have in my opinion rather turned out to be more like storm-force headwinds and gales with the share price still some 60% below flotation price and with several trips to the equity trough to keep the aspidistra flying. In my opinion only, I think this share is an absolute dog and I personally would not now touch it even with a very, very, very long barge pole. Good Luck All But perhaps keep on counting your fingers. Frequently. ALL IMO. DYOR. QP
ali47fish: nobody know where the share price will be - it does not give an advantage to pay over the current share price- im not sure i can follow the resoning abovetools please explain more- thanks
bsharman3: I'm trying to work out if it's worth averaging down on this one or the downward spiral (in the share price) will continue.... It could be a cheap price - then again it could also be expensive!
culford: 2nd half normally better than 1st half and very good order book now. If a massive order comes in should be able to get finance to assist fulfilling it. It is v tight though and share price does not feel good. If they prove don't need cash this share should double v quickly though.
2niffy: Company is burning through cash. Any significant order would require an increase in working cap, mobilisation costs etc which are not factored into brokers forecasts. Customer unlikely to place order without surety of companies financial strength. Refinancing required. Could be done in various ways but probably via institutional placing with private clients getting diluted out of sight. Their last fundraising at 25p a circ 30% discount to the then prevailing share price. Miton in strong position to dictate terms re financing and a lower share price strengthens their hand.
quepassa: yes, very convincing......"Tumps focus on homland" let's be realistic, their sales are pretty microscopic and management do not convince in my opinion. Kromek have been back to the equity trough once or twice already and they have tested the faith of investors by issuing a shock warning on sales just a few months after flotation and now won't even give chapter and verse on their 4/4/14 RNS announcement about the mega $159million contract. Where are the sales for the airport scanners, the medical imaging equipment which were so much spoken of? We hear repeatedly about a series of smallish contracts from Darpa for some cheap-to-buy handheld devices but what about the big ticket medical imaging equipment and the high-spec security scanning equipment. What about sales for that? I personally can understand the share price slipping and the market becoming disenchanted. There is a big gulf in my opinion between the talk and the walk at Kromek. Don't blame Amphion for share price weakness because if Kromek were so attractive, some institution would have bitten Amphion's arm off to acquire their full position. Good luck all but carefully weigh reality against over zealous expectations. ALL IMO. DYOR. QP
culford: Bapodra, Valuation of loss making companies is difficult. You suggest £20m maximum and I would be interested in why? Is that a suitable discount to the net assets of £24m? Or is it 2.5x historic sales? The market is always right on any day and my interest is whether its worth buying or selling on a longer term view. My thought process is as follows. With KMK, there is enough evidence to show that sales will grow substantially, probably to >$100m per annum in due course. A company trades at a multiple of sales according to its margin and growth rate. A mature company with 10% margin will trade at c1x sales. KMK is fast growing and has high margins and I believe should trade on c5x sales - this would be 5x £9m this year and 5x £12m next year taking the consensus forecasts. That would be market cap of £45m rising to £60m or 29p share price rising to 38p. At any stage in this next 18 months it could get an order worth >£12m per annum, which would at least double that 38p to 76p. Thus in my view, buying KMK is at a 45% discount to next year's fundamental value on basis of no big contracts coming in. If and when they come in, I will at least triple my money.
bapodra_investments: Based on the market cap of around £35m, how can this be justified based on it's current annual turnover and current gross profits or lack of! This is why the share price has been on a severe downtrend over the past 12 months. Just look at the charts they do not lie. The IPO price for Kromek was way overvalued and investors got sucked in. Even now this company is overvalued based on current financials. This should not have a market cap of more than £20m in my opinion and therefore the price still has to go down. However should it increase its revenues significantly then things may change. The key point is that these contracts sound really big but when you annualise them and actually assess how much will be shown in a set of annual accounts then they do not sound as significant or meaningful as we are led to believe and therefore the market cap cannot be justified in anyway.
culford: QP KMK has disappointed the markets and its share price is languishing accordingly. In year to April 13 its revenues were £2.7m and in year to April 16 its revenues were £8.3m - a growth of threefold over three years. In the last year, when it attracted Sir Peter Williams to become its Chairman, its orders received were $30m, or c£24m, but these will be received over multiple years. In the current year, sales will be marginally higher at c£9m. In the past year it has become sole supplier to Darpa, the US agency to which it has supplied >$6m of sales. Darpa has said that it will increase the size of its nuclear detection tests (which need KMK's devices) in 2017 before rolling this out to c15 US cities in 2018. See last news: KMK will receive orders of c$10m for each city so that is orders of c$150m to be received from end of 2017 for 2018 and beyond. In October it received orders for a military solution for the US and UK military, which will be of similar scale and slightly later timing. Thus whilst i share your disappointment on the share performance, you cannot say that there is a diminutive growth in sales and the potential growth can be checked from third party sources.
Kromek share price data is direct from the London Stock Exchange
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