Kromek Share Discussion Threads

[insideryou] 14/1/2019 11:31

That cash burn has spooked me. Sold the last of my 10k this am. Worrying numbers.

[culford] 14/1/2019 10:51

Ayl30 market expectations are for £15m revenues, of which 86% are already ordered/delivered. This means sales this year will be up on last year (£12.9m in bag £2m more needed in next 3 months to reach £15m last year did less than £12m) and will be EBITDA positive. The company signalled it was moving production facilities at end of last year and that there would be disruption which has duly happened in H1 no surprise here. Medical orders now leading the way. Still waiting on the big nuclear detection orders......

[chimers] 14/1/2019 10:22

The ONLY question here is at what price the bucket shops will be able to knock them down to for the upcoming emergency urgently required PLACING!!?

[chimers] 14/1/2019 10:07

Airport screening equipment manfacturers and suppliers....

ALSTEF Automation S.A. Airport Baggage Handling Systems. ...
Analogic Corporation. Aviation Checkpoint and Certified EDS Checked Baggage Scanners. ...
Artemis Shielding. Non-Lead X-Ray Security Curtains for Airports. ...
Astrophysics, Inc. Airport X-ray Scanners. ...
BEUMER Group. Airport Baggage Handling Systems. ...
CEIA. ...
GILARDONI. ...
Habasit AG.
QSA Global...
Smiths Detection...


this is another long list ..........

[quepassa] 14/1/2019 10:05

THIS IS WHAT KROMEK WROTE SIX MONTHS AGO IN JULY 2018 ABOUT THEIR OUTLOOK WITH FY RESULTS:-

"Outlook

The momentum of the 2017/18 financial year has been sustained into the current financial year as Kromek's products continue to gain traction in all its business segments from the increasing adoption of CZT-based technology and other products. In particular, the Group is well-positioned to capture the significant opportunities in its key target areas of SPECT and D3S portable advanced radiation detectors.

As a result, as the Group continues to win new customers and, together with executing on previously-won contracts, Kromek expects to deliver growth across its business segments and to report total revenue growth for 2018/19 in line with market expectations."




CAN ANYBODY CLARIFY PLEASE HOW THIS OUTLOOK FROM JUST SIX MONTHS AGO TRANSLATES INTO TODAY'S REDUCTION IN SALES BY ALMOST 25% ????





ALL IMO. DYOR.
QP

[chimers] 14/1/2019 10:01

People who say they have FILTERED YOU...........never ever filter you.

[chimers] 14/1/2019 10:01

They are all in the radiation detection business!!! and hundreds more of them.

[chimers] 14/1/2019 09:59

METROHM
ANDOR
MEGGER
MALVERN
EKO
VELP
EAGLE EYE
VIGO
DETECTION TECH
ORTEK
GILSON
BERTHOLD
HONEYWELL
THERMO
BRUKER
DATALOGIK
FLUKE
GE
BIRCHER

THIS IS A VERY LONG LIST................

[jimbobaroony] 14/1/2019 09:55

Chimers, your problem is that nobody on here with a brain can read your posts as we filtered you ages ago.

[chimers] 14/1/2019 09:54

If you gave ANYONE £33m 2 years ago I bet they would still have a large amount of it left ....unless they were a complete IMBECILE!!

[chimers] 14/1/2019 09:53

£33m raised in placings in RECENT times and £3m left.
WHAT HAVE THEY GOT TPO SHOW FOR IT?


A LOSS ...........AGAIN.

[chimers] 14/1/2019 09:52

Describe this "strong niche position" is it as strong as all the other HUNDREDS of competitors in this business?

The financials CLEARLY don't pan out ...they re ONLY in business because of PLACINGS, funds raised and spent and.....GONE FOREVER.

SCAMS end when they run out of OTHER PEOPLES MONEY.


Anyone can BUY REVENUE "Warren Buffet"

[ayl30] 14/1/2019 09:48

"As we continue to deliver on existing contracts as well as win new orders, our visibility of revenue for the next six to 24 months continues to increase, which includes visibility of approximately 86% of the forecast revenue for 2018/19. As a result, the Board is confident of delivering full year revenue growth and positive EBITDA, in line with market expectations.""

Do we know what the market expectations they are referring to are.
I am a holder here, company has a strong niche position, issue is do the financials pan out?

[quepassa] 14/1/2019 09:30

I get the distinct impression that Mr Dexy/susiebe is not the perceptive type at all

[mr dexy] 14/1/2019 09:19

Morning all,

Being the perceptive type...... I may be wrong... but I'm getting the distinct impression Chimers / QP is not the greatest fan of KMK ;)

Chins up...

Regards to all



Mr D

[chimers] 14/1/2019 09:10

THEY NEED AN URGENT PLACING JUST TO KEEP UP WITH CASHBURN LET ALONE MAKE 1 SINGLE PENNY IN PROFIT LOL....

GLUK WITH THAT STRATEGY RLMFAO

[susiebe] 14/1/2019 09:09

Thank you sellers!Very comfortable with my investment here.Chimers now filtered to get some quiet here.

[owenski] 14/1/2019 08:59

How on earth can a 62m M.cap be justified here, this reads like a con.

Bargepole.

[quepassa] 14/1/2019 08:54

1.

WHERE's THE CASH GONE?????

A COUPLE OF PAST FUND-RAISINGS:-

30/7/15 PLACING £11m
25/1/17 PACING/OPEN OFFER £21m

That's £32million (before expenses). THAT'S CASH! THAT IS MUCHO DINERO.


HOWEVER....

AS AT April 2018, they had cash/equivalents of £9.5million and the total net assets of Kromek were just £40million.



AND TODAY'S INTERIMS REVEAL THAT THEIR CASH HAS FALLEN YET AGAIN.

TO £6.3million ( !!!! THIS INCLUDES £3m FROM THEIR O/D FACILITY!!!!)


THIS IS WHAT THE FD WROTE IN THE LAST ANNUAL REPORT to 30/4/18. PAGE 9:-

" The Group anticipates that a significant element of the
working capital expansion during 2017/18 will reverse during
2018/19. "


LOOK AT THE CASH-BURN.....COME ON £32 MILLION to £3 MILLION NET SINCE THE PLACINGS.....WHERE HAS SO MUCH CASH MONEY GONE SO QUICKLY????


2. CAN SOMEONE HELP AND EXPLAIN PLEASE WITH THE NON-STOP STREAM OF APPARENT NEW CONTRACTS HOW IT IS POSSIBLE THAT SALES ARE DOWN BY 24% COMPARED TO HALF-YEAR 2017?



3. CAN SOMEBODY PLEASE ALSO HELP AND EXPLAIN HOW THE LOSSES ARE FIFTEEN PERCENT HIGHER THAN LAST YEAR WHEN THEY SAY ALL THE TIME HOW GOOD THE OUTLOOK IS ?



4. CAN SOMEONE ASSIST PLEASE AND EXPLAIN HOW THE LOSS PER SHARE HAS RISEN BY 50% COMPARED TO 2017 HALF-YEAR WHEN SHAREHOLDERS ARE GIVEN SUCH A NON-STOP POSITIVE NEWS STREAM?




IN MY OPINION, THESE RESULTS ARE DISMAL.

SO MUCH FOR ALL THE FANTASTIC NEW CONTRACTS.............


LOOK AT THE FIGURES - THEY TELL A DIFFERENT STORY TO THE WORDS AND MOOD MUSIC.


ALL IMO. DYOR.
QP

[owenski] 14/1/2019 08:45

Cant believe the morons on this thread ignore the finances here and think this is a viable business, jeez.