Kromek Share Discussion Threads

[chimers] 11/12/2019 16:56

Stockpedia dont seem too impressed!!

"Balance sheet - looks very strange to me. Receivables are £20.8m - that's equivalent to over 2 years's sales, up from an already excessive £13.1m a year earlier.

As noted in the FY 2018/19 results announcement on 27 June 2019, 59% of the balance of trade and other receivables related to the build of amounts recoverable on contract ("AROC"), the majority of which is concentrated with one customer. This reflects the Group's revenue recognition in line with IFRS 15 on long-term contracts and the position was accumulated over the 12-24 months prior to 30 April 2019.
That seems to be saying that Kromek is booking sales & profits through the P&L, but the customers isn't paying Kromek. It sounds as if there might be a potentially large problem lurking here;

I don't like the sound of that one bit. Kromek has a massive, extended receivable, and there's been a delay in expected payment. That screams risk to me. Maybe amounts are being disputed by the customer, who knows? It could all turn out fine, but personally I wouldn't invest where there's any (even slight) question mark over whether a large receivable is going to be recovered or not.

The cash position looks good, at £13.4m, but note there is also debt, totalling £5.8m, which looks odd. Maybe some of the cash is restricted? If companies have both cash, and debt, I like to find out why"

[matunde24] 11/12/2019 16:26

I think chimpy needs some mental stability help... Biopilar imminent

[alangrifbang] 11/12/2019 16:25

Once again tom is wrong .ide , Mercia .just two of his losers ,what a tipster ha ha ha .well done sept ,

[jdh1602] 11/12/2019 14:46

chimp goShort bigtime, allIn

[chimers] 11/12/2019 14:22

That's the "EXTREMELY WELL EXPECTED AND KNOWN WAS INCOMING" SIMON THOMPSON pump done and dusted for another 6 months now run out of steam so AMOOT!!

Not a bad morning's work, how did you lot do?

Don't become another locked in bag holder.
A Thompson inspired pump only lasts about 24hrs.

The facts remain the same here it has INCREASING LOSSES.

HEY...
Don't say you have not been warned!!

Oh, and thanks for all the fish.

[pistonbroke1] 11/12/2019 14:16

Chimers very quiet now as his post earlier today saying that this could go sub 10p today makes him look really stupid.
Chimers up 30% now time for you to admit deafeat.

[matunde24] 11/12/2019 14:09

Hes a blatent shorter... And short of pizza bases

[mesquida] 11/12/2019 13:54

Anybody who was not listening to Chimers could have made 50% here in less than a week. Another great call, Chimers, I don't think !

[andymunchkin] 11/12/2019 13:35

chimp Bak in,closedShort

[acuransx] 11/12/2019 13:04

Chimpy here and all...gosh why dont you just swallow your deep pan pizzas for good and sod off

[hiraniha] 11/12/2019 12:48

This has been on Premier Miton's UK Smaller Companies top ten holdings for quite some time.The Fund Managers Williams and Turner, have a good track record in this space.

[ny boy] 11/12/2019 12:46

Still holding very long term, nearly back in profit, certainly transformational news, got the potential to be one a bigger industry player. 2-5 year hold for me.
Bit like (AOR)which is showing great signs of reaching the promised land over the next 12/24 months. Hold, hold hold, add on weakness that markets allow from time to time.

[alangrifbang] 11/12/2019 12:36

Another one you are wrong on chimers , it’s time you retired and cleared off into the sunset ,bye bye

[susiebe] 11/12/2019 12:16

Some good write upsThis from proactive...Kromek Group PLC's (LON:KMK) shares bounced 13% to 19.5p after the developer and supplier of radiation detection products generated 43% revenue growth in the first half and entered the second with "increasing commercial momentum".  The AIM-listed company said it "expects to deliver significant revenue growth and EBITDA profit for full year in line with market expectations".Revenues reached a record £5.3mln in the six months to 31 October, with EBITDA losses flat at £0.6mln and a loss before tax of £2.7mln compared to £2.1mln a year earlier.

[hiraniha] 11/12/2019 12:12

Always liked the old ST noon update...I'm up 20% already on todays purchase.

[johndoe23] 11/12/2019 12:06

ST tipped just now...

[chimers] 11/12/2019 08:52

So..........to summarize...

I POSTED AND SAID THEY WOULD PRINT EVER GROWING LOSSES AND I HAVE POSTED AND SAID THIS FOR THE PAST 6 MONTHS.


On the other hand....

YOU LOT POSTED AND SAID THEY WOULD MAKE VAST PROFITS AND THAT I WAS AN IDIOT WHO SHOULD NOT BE LISTENED TO.


Hmmmmmmmmmmm

I wonder who you would have listened to if your life depended on it ;)

[alangrifbang] 11/12/2019 08:50

Maybe you should dream to get your first winner Tom ha ha ha what about Mercia!

[chimers] 11/12/2019 08:27

The board expects..........

LAST YEAR... The Board is confident of delivering growth for full year 2019/20, in line with market expectations.

YEAR BEFORE...The Board looks to the future with great confidence.

Year before that...Kromek expects to deliver growth across its business segments and to report total revenue growth for 2018/19 in line with market expectations.


Want the "BOARD EXPECTS" for every year just read the above and dream!!

[alangrifbang] 11/12/2019 08:27

Clever coming from you Tom never never never .