Kromek Share Discussion Threads

[the skipper] 13/12/2024 13:59

Well those who went to the AGM must have liked what they heard imo.

[quepassa] 13/12/2024 10:39

I'll tell you what is a pivotal moment.

The 27th. of March 2025.

Three-and-a-half months away.

When they are due to pay interest and repay the principal amount on a massive £10.4million of fixed rate debt to Polymer N2 Limited.

The fixed rate of interest is 9.5% quarterly.

See RNS's of 28/10/24 and 28/9/23.

Of course, they do have the option to pay the quarterly interest in shares rather than cash - and they do have the option to extend the principal repayment for another twelve months.

You could hardly say interest at 9.5% fixed was cheap money at a time when sterling interest rates are falling - but then again if they do opt to pay in shares rather than cash, it is effectively existing shareholders who will foot the bill by way of more dilution.

It would of course be beneficial if they can refinance elsewhere at a cheaper rate but my guess is that they will extend the current fixed rate loans.

Another question is how long the latest £4.9million raised/announced in October will last given their historic cash-burn rate.


ALL IMO. DYOR.
QP

[cyberdyne1] 10/12/2024 14:18

Pivotal moment for the Group in terms of geo-political instability driving the need for scanning equipment. A few new contract wins will move the share price up and attract new buyers. UK MOD contracts have given us real credability. The next 6-months will be crucial

[croasdalelfc] 03/12/2024 12:44

hTTps://www.siemens-healthineers.com/press/releases/naeotom-alpha-class

[croasdalelfc] 03/12/2024 12:37

No announcements for EANM or RSNA this year . RSNA is the biggest radiological conference of the year with 40k delegates and industry.

[earwacks] 22/11/2024 14:46

ZNT delisting and going down the pan. What’s not to like lol. Toss up between the two? Duck and cover

[yusuf77] 20/11/2024 17:52

off topic-znt ready to take off not many shares only 38.69m shares in issue a share to get inearly 2 director buys last week ready to blow deal done

[simithy] 20/11/2024 17:33

H5N1 has now acquired the PB2 E627K mutation also confirmed in the Canadian teenager. This was the key driver of the 1918 epidemic with 90% mortality in some communities. Hence this could be a big one.

[b00mb0y] 20/11/2024 17:11

There has been many “This could be the big one” times since IPO. In fact too many to mention with none of it ever materialising.
Ah well………

[simithy] 20/11/2024 10:53

Anyone noticing that cattle-to-cattle spreading of birdie flu H5N1 in the US and the critically ill teenager in Canada?

This virus may have a 80% mortality rate in humans. Opportunity for pathogen detector; however, US not even restricting cattle movements- just denial.

This could be the big one.

[estienne] 18/11/2024 09:41

Better ask Simon Thompson at the IC

[aqc888] 15/11/2024 22:07

Anyone know what happened with the biological pathogen detectors? The ones that could detect all known and unknown pathogens fully autonomously and protect the world from the next pandemic?! It used to be the reason for investing… a market of hundreds of millions of which Kromek would have a lions share… sales were due and hyped… it’s so bizarre. Luckily I saw Kromek for what it was and sold. But what I really can’t understand is how people still lap up the nonsense here. Take a look at ANY annual report since inception. They all read exactly the same. Just on the verge of profitability… every year…

[croasdalelfc] 06/11/2024 20:17

37. Events after the balance sheet dateThe Group has received further financing of £3.4m from Polymer N2 Ltd since year-end. The further financing was provided on the same terms as the initial Polymer N2 Ltd loan described above.It looks like they received £3.4m of the extra £4.9m between April 30 and end October. Though they failed to inform the market for 6 months .... With £500k cash end April and an injection of £3.4m they have/had ~£3.9m with cash burn of ~ £300ka month. So cash left is ....maybe £2.1m left with £1.5m loan left to draw.

[estienne] 04/11/2024 09:55

JakNife, you clearly don't follow the thread

[controlledmadness] 01/11/2024 09:31

When can we expect the half year trading update?Hopefully that will include an explanation,

[jaknife] 01/11/2024 09:07

Estienne,

"I'm pretty sure ST has his finger in the pie"

And yet you can't explain his comments about "cash profit" which are patently wrong!

JakNife

[estienne] 01/11/2024 08:54

I'm pretty sure ST has his finger in the pie

[croasdalelfc] 01/11/2024 08:38

It's not a banking facility - it's capital from mates - who now effectively own 30% of the company through the back door.

[estienne] 30/10/2024 11:53

"Where are you getting “cash profit from”?

Ask ST he wrote the article

[quepassa] 29/10/2024 13:03

They don't say why they needed the Additional Loan of £4.9m, nor when they took it out.

The maturity is just five months away (subject to extension).

Note 18 to yesterday's accounts also mentions an After Balance Sheet event of £3.4m of additional financing from Polymer but there is no clarity whether that £3.4m is part of yesterday's £4.9m announcement.

They have a significant debt pile coming up for maturity in March 2025.

If you add in yesterday's announcement of £4.9m of Additional Loan to the year-end Current Liabilities BORROWINGS figure , that's a lot of money to repay or to refinance or to extend in a short time-frame.

ALL IMO. DYOR.
QP

[jaknife] 29/10/2024 10:44

Estienne,

”Well here's a bit of it

Full-year revenue up 12 per cent to £19.4mn
Cash profit of £3.1mn well ahead of £1.2mn market estimate“

Where are you getting “cash profit from”?

They burnt c. £7.4m of cash!!!!

Cash burn at the operating level is £2.8m and then on top of that there’s another £4.6m that’s capitalised directly to the P&L!!

JakNife

[earwacks] 29/10/2024 10:20

Thanks for your wise synopsis Jacknife. Weirdly this is one of the worst companies I ever bought shares in but come away with 3 profits. Yet I have lost money in quite decent companies. Funny old game! Was seriously considering a fourth go yesterday after the record revenues climbing for the third year running, but ten years without profit and annual cash injections doesn’t look like a good business model I have to agree. No doubt they will continue happily on making losses and borrowing for years to come . There are definitely better investments, this is just a game