Kromek Share Discussion Threads

[techno20] 28/2/2019 20:20

Looks like 22% allocation based on what’s come through on my Halifax dealing acct.

[hiraniha] 28/2/2019 15:20

Any got their new shares and the shares from the over-subscription yet?

[1luckylee] 27/2/2019 17:13

Thanks for taking the time out of your day to point that out!!

[quepassa] 27/2/2019 17:04

Everyone when the price falls. Especially institutional traders looking to make a quick turn.

all imo. dyor.
qp


(ps. the word investors is spelt with an "o" not an "e" . It is "or", not "our")

[1luckylee] 27/2/2019 16:05

And who will be selling those shares?The institutional investers our the qualifying shareholders who oversubscribed?

[quepassa] 27/2/2019 14:10

With all that new equity soon to be sloshing about, can't be long now until this likely goes sub the 25p Placing price.

another contract announced today with another UN-NAMED counterparty.


almost at the 5th anniversary of the infamous 4/14/14 RNS about the mega $159million 7 year contract from an UN-NAMED counterparty.


can anyone please say how much has been received so far under this $159million contract?


ALL IMO. DYOR.
QP

[edmonda] 26/2/2019 07:58

3 year nuclear security contract with new OEM customer, worth at least $1.4m. Another validation of their high-resolution detectors, and reinforces growing visibility of revenues as noted in yesterday's full research report :

[ayl30] 26/2/2019 07:12

Another contract win, keep them coming

[eipgam] 25/2/2019 16:44

local paper

[edmonda] 25/2/2019 13:46

General Meeting of @kromekgroup approves £21m funding to be used to satisfy diverse demand for its imaging with cadmium telluride crystals.

New research note out from Equity Development adjusting for cash raised and shares issued,freely accessible here:

[ali47fish] 18/2/2019 09:10

i ve decided not to take my rights- is that sensible now slight discount to sp

[the sage of wiltshire] 16/2/2019 08:53

The cash burn at Kromek continues unabated, now to be fuelled with £21m of new seedcorn capital presented as development capital. This comes hot on the heels of the eyebrow raising announcement of a $58m 7 year contract which is silent on cashflow. Takers of the £21m placement/open offer would be well advised to do thorough due diligence focusing on cashflow and revenue recognition. An implied market cap of close to £100m post placement/open offer is out of touch with reality. Kromek needs to demonstrate that it can generate cash alongside its noisy and frequent announcements of contract wins before prudent investors go near it.

[serratia] 11/2/2019 20:27

I don't know if QuePassa is answering anything re receivables as I've filtered him from elsewhere. I'm not against this share and have been looking to invest if I can rationalise my question.
They're now up to £13m receivables, as they make around a 50% gross margin they've used £6.5m making products which have yet to be paid for and rising. Would they have had to do a fund raise if £13m was down to a few million.
Someone ticked down my last post so I'd be grateful if he/she could explain why it's not a problem. If there's a good answer I'd be tempted here.

[quepassa] 11/2/2019 19:54

mrnumpty....(that nick-name says it all)...


Kromek 70p to 25p

UPGS 250p to 65p



can anyone detect a common theme to her investments?

she picks all the losers, all the time.

[mrnumpty] 11/2/2019 19:14

Fans of quepassa should look at the ADVFN chat site for UP Global Sourcing , where he/she/it , quite astonishingly , is also making extremely negative comments and causing some other posters to ask why , since he/she/it , allegedly , is not a shareholder of UP Global Sourcing .

[serratia] 11/2/2019 16:10

Sales are growing which is positive. I think the need for a fundraise has something to do with receivables. They say it's to help working capital which is always the case with a growing company but with receivables greater than sales they're not getting the cash in hence the need for more cash.

[ayl30] 11/2/2019 15:35

For anyone who cant open, summary of above as follows
True, the shares are back at the 25p level at which I initiated coverage ('Follow the smart money', 27 February 2017), and retail investors will be dismayed that only £1m of the equity raise is through the open offer, so institutional investors now have more of the economic interest in the company. I personally feel that a placing price north of 30p a share would have been appropriate too. However, that issue aside, the investment case for Kromek is even stronger now than two years ago when I first recommended the shares as the commercialisation of the company’s technology is clearly gaining traction and is highly supportive of acceleration in Kromek’s profits in the coming years. In the circumstances, I would advise taking up the open offer and continue to rate the shares a buy."
I have been a holder for some time, its a great niche company and it looks as though the latest deal will create a step up going forward. Yes p/e is high but so is potential

[bruce j] 08/2/2019 19:21

Guys, seriously, dont you see what is happening here?

Kromek has no statistics - no P/E ratio, no Dividend yield, so "the public" have to judge its value based on other things - such as news releases about this new deal or that new deal. That makes it an idea target for day traders.

When there is a piece of good news the price jumps suddenly and they sell - at around 30p per share.

Then after a few weeks, or a couple of months, the punters realise they are not earning anything, sell their shares and move on. The price begins to drop (helped on by Chimmers) and the niave investors begin to panic a bit, the price drops down to around 25. That's when the day traders step back in. They buy back at the cheap price.

Then they wait for the next bit of good news and then sell again at 30. It's called "Pump and Dump".

You can all do it if you want to, make a bit of a game of it. As long as you start at the bottom, dont pay more than 24p or 25p. and as long as you dont get greedy. You have to jump out again before the big boys do.

I had £20K at one time, but realised I could make more elsewhere.

One day it will make money - but how much is impossible to tell. As soon as it does start to look really attractive someone will make a takeover bid.

Personally I have now put my cash in other places where I have a reliable divi.

As always, dont take my word for it - do your own research and use your brains.

[cerrito] 08/2/2019 18:07

I have such a small holding here that hardly worth going into the not very generous open offer, which I see was well oversubscribed in 2017.
I have been comparing the current shareholder register with that just ahead of the 2017 equity raise.
Two points.
We have had no change of shareholder RNS since May 2018.
Second, since January 2017 ie before the 2017 raise we have said goodbye to Schroders and Henderson and the U of Durham is less than 3 pc.
The May 2018 register had Killik. Interactive and Hargreaves L which suggests a more retail flavour for the register although of course we have been told that post this raise Miton will have 20pc plus.
Reviewing whether to buy more..I do remember that about 11/12 years ago I had an unfortunate experience with another U of Durham spin off- Bede technology.

[eipgam] 07/2/2019 15:17

and



Not invested... but what did happen to the £21m raised less than 2 years ago? This company gets sycophantic coverage in the NE so Chimers comments do give another view.

[chimers] 07/2/2019 10:08

THIS COMPANY IS RUN BY LIARS OUT AND OUT LIARS!!!

[chimers] 07/2/2019 10:08

Chimers14 Jan '19 - 08:21 - 2547 of 2628 Edit

HAHAHAHAHAHAH.......The Board continues to target a self-funding business model, with EBITDA breakeven expected in the next financial year being for the twelve months ending 30 April 2018.