Krm22 Share Discussion Threads

[edmonda] 17/9/2019 08:00

Interims highlight strong interest in product suite but some delays in contracts being signed (macro uncertainty). The company said that it now had 37 institutional customers (vs 26 Dec’18) and delivered H1’19 turnover of £1.8m (vs £1.3m FY18). Exiting June with Annualised Recurring Revenues (ARR) of £4.1m (vs £1.0m LY & £3.3m Dec’18).

Equity Development note out: reduces FY19 ARR and sales estimates to £5.15m (from £6.67m before) and £4.2m (£5.8m) respectively - with the valuation similarly dropping from 110p to 70p/share, equivalent to circa 3x FY19 ARR.

Click here for full analysis:

[red ninja] 11/7/2019 12:07

I assume that they talk about ARR because they are a long way from a profit and an attractive p/e ratio.

[edmonda] 11/7/2019 08:42

This morning the firm said that demand for its new Global Risk Platform (GRP) is “strong” adding that Annualised Recurring Revenues (ARR) had climbed 24% to £4.1m in H1 (vs £3.3m Dec’18), of which £0.3m was organic and the rest M&A (re Object+).

On top it now has 37 active customers (vs 26 in Dec’18), is on track to achieve turnover of £5.8m in 2019, up 350% YoY. Elsewhere, costs continue to be tightly controlled – while discussions remain ongoing with strategic investors relating to a possible industry tie-up. Net debt closed June at £0.7m (vs +£2.2 in Dec’18).

New research just out from Equity Development: projections and 110p/share fair value left unchanged.

Full note freely available here:

[edmonda] 03/6/2019 08:22

Results show 'good progress in a short period' and CEO reports a 'very strong sales pipeline.'

Annualised recurring revenues are now £3.9m and research note from Equity Development sees 2019 turnover jumping by 350% to £5.8m. Fair value seen at 110p / share and full report freely available here :

[edmonda] 30/5/2019 07:53

Another deal announced today : agrees to buy Object+ , Dutch HQ with office in Chicago. It develops software for P&L, margin and pre-trade order limit management - so looks a good fit with KRM's current product suite and offers future opportunities in R&D, client growth and cross selling.

More detailed analysis in Equity Development note, just published :

[bamboo2] 17/5/2019 17:26

RN, 10/6/2019

[red ninja] 17/5/2019 17:13

Where will it bottom out ?

[fillipe] 17/5/2019 12:04

Well, that's quite a death-spiral graph.

f

[srichardson8] 27/9/2018 10:30

Presented at Equity Development last evening. This company should not be listed, it is much too early in its development to be attracting hopeful punters imv. I don't think Aim is the place for acquisitive start-ups.

[edmonda] 26/9/2018 08:21

Agreed - interesting space

after yesterday's results / deal / placing you can read all about this pioneer in the rapidly growing RiskTech space: free access to full research note here:

[jimbob58] 28/6/2018 11:32

Don't understand lack of upside movement on this stock since coming out of administration.

Co is debt free, cash positive, producing gold and great potential for further production growth at Talang Santo, plus Way Lingo.

Hanging in for the long term here.

[starpukka] 05/6/2018 10:50

First acquisition of many made today. A very interesting play in a risk management sector that is en vogue right now. I've dipped my toe in this morning.

[iammiracleman] 02/5/2018 15:26

Marty

What’s your view on KRM? Seems to be an interesting play

[martywidget] 30/4/2018 16:03

The Market Open Ceremony - London Stock Exchange welcomes KRM22 plc to AIM



KRM22 makes strong debut following AIM flotation
15:15 30 Apr 2018
www.proactiveinvestors.co.uk/companies/news/196072/krm22-makes-strong-debut-following-aim-flotation-196072.html

[martywidget] 29/4/2018 06:04

Investor relations:

Admission document:

Corporate Documents:




KRM22 To Raise GBP10.3 Million As It Seeks Float In London Next Week (ALLIPO)
[26 Apr 2018 11:56]


Schedule One Update - KRM22 Plc
Released 07:00 26-Apr-2018


Schedule One - KRM22 Plc
Released 08:00 16-Apr-2018



[KRM22 provides further details on float plans]
27 Apr 2018


{Investment firm lines up AIM float}
17 Apr 2018

[martywidget] 29/4/2018 05:56

Many thanks for your contribuitions to this thread.
Could someone start a new thread, thanks:

[holism] 16/4/2018 08:28

Looks as if KRM has turned the corner, a buy at these levels will be well rewarded IMHO.All to play for now assuming Talang Santo permit comes in and production from open pit is similar if not greater than the current Way Lingo. Its a far bigger prospect.

[holism] 08/10/2012 08:24

I still have a few of these- does anyone have a positive view, the share price has gone sideways for almost two years, production is behind but reserves are increasing. Lots of cash annual dividend etc but some set backs eg death in mine, lower production than forecast, retirement of Peter Cooke, no news on acquisition, high taxation, potential divestment. It all sound bad put like that but KRM is producing at a very low cost has a potential bonanza at the new mine and many aother targets. I am confused!!

[holism] 23/2/2012 06:51

Yes I saw that, Bimas licence was withdrawn, but I gather KRM is confident of its relationships locally with 15% already in local hands.

[noirua] 22/2/2012 21:45

holism, There are background problems in Indonesia following the temporary suspension of Arc Exploration's mine at Bima Gold Prospect by The Regent of Bima on 3rd January. G-Resources at Matarbe and Kingrose at Talang Santa were mentioned in several articles in Indonesia and Australia.
It seems many towns are now pushing for greater returns from projects. Indonesia's laws are not advanced enough and many companies agree to settlements on disputes in Singapore, NB White Energy and Batan's recent dispute.

[holism] 22/2/2012 21:00

Is anyone following KRM? Another good announcement today, share price has gone sideways for a year. Success and promise of dividend have not been recognised by market. Any views?

[kiwoz48] 03/2/2012 10:15

This is a new Kingsrose thread. I hope you find it useful.
K