Kromek Share Discussion Threads

[alangriffbang] 30/12/2019 08:48

What’s that got to do with you moron, I’ve been trading for sixty years and unlike you I know what I am doing , now once again what’s your tip of the year Tom ,

[chimers] 30/12/2019 08:34

Alangriffbang
Member since: 11 Oct 2018

Alangrifbang
Member since: 24 May 2018

Not very clever are you!!

[arab3] 30/12/2019 08:29

You will need to wait until Donald's gardener gives him financial advice, you know the guy who does digging for him ! FUD. !!!!!

[alangriffbang] 30/12/2019 08:24

We are waiting with bated breath for your tip of the year Tom ,maybe it’s kromek ,

[susiebe] 30/12/2019 08:24

What a pathetic deramp.Its Miton not Milton!

[chimers] 30/12/2019 08:14

There are no "IF's" or "BUT's" this is heading to 10p and any rescue placing might see it smash 10p and head even lower.
Any placing has to be at a discount!!

[chimers] 30/12/2019 08:12

Also, cash burn is at historical highs and at current rates have about 9 months of cash left what with them spending massively on trying to build a production facility on the other side of the world for no good reason and £3m projected for R&D

This needs a placing URGENTLY imo hence the recent pump!!
They need to raise funds while they still have some cash and don't look as desperate as they actually are!!
That's how I see it.

[rock star] 30/12/2019 08:08

So Milton are selling. Price unlikely to go up for next 6 months.


That’s my experience of AIM stocks where largest shareholders sell down.

[cerrito] 29/12/2019 17:26

I have just caught up with the interims and good that they produced them so quickly and had them out on December 11 compared to January 14th the year before.
On the face of it, they make poor reading. Gross profit at its lowest level since the six months to October 2016 and the loss before tax its highest since the six months to October 2015. Better was the fact that operating cash flow was the lowest for two years.
Nevertheless cash levels did fall by £7m in this six month period and if the decline were to continue at this rate, KMK would need a fund raise in the middle of next year.
This situation would be alleviated by an increase in EBITDA.I note that in the Director’s Talk interview, the CEO referred to revenue this current FY of £16/16.5m so one assumes that this sales increase will feed through into improved margins. I guess we need to brace ourselves for high levels of Capex this current half as the Sedgefield expansion and US upgrade is completed- I note in the interview the CEO said both would be operational by end of March 2020. Not clear to me what other Capex programmes are in the works..nor indeed of the £3mpa they spend on product development.
The key will be how the Receivables figure pans out.The figure of £21m at end October compared to the six month revenue of £5m needs more explaining, even if we know that £12m is AROC related. It is not clear to me why they are classified as current assets. I note the comments made in the interims about the collection of these and I do not find them entirely convincing and indeed note that these amounts are yet to be invoiced..
I have gone through the AR and the comments in the Auditor’s letter on receivables.. I would have expected that the Risks section of the Strategic Report would have focused on this more.
I also note that in the outlook statement they gave visibility of 90pcof expected revenue this FY and are very bullish on Ebitda. Too bad that they do not spell out what their understanding of market expectations are. We must all encourage our invested companies to spell out their understanding of market expectations. FWIW, I note that Equity Development in their December 12 report have adjusted Ebitda pre SBP going up from £2m to £2.7m for this current FY compared to the previous year.

Well done to those who had more courage than me and who bought in the mid teen’s earlier in the month. Given the recent rises of the last few days, the fact that there is no mechanism for me to get comfortable with management as discussed in my 2892 and question marks on the receivables, I am not buying more at the moment.
PS
Note on the website a higher level of vacancies both in Co Durham and in Pennsylvania that I would like.Generally speaking thought that the website was good and at least up to date.
PPS
Good to the CFO for getting the banking facilities he has.

[alangrifbang] 28/12/2019 12:43

I wish it worked !

[brummy_git] 28/12/2019 12:42

Thanks alangrifbang for the heads up. Filter back on then for Chimers.

[alangrifbang] 27/12/2019 21:40

I have never known anybody get so many shares wrong , I wonder whether he went to school ,wonder what he will get wrong tomorrow ,

[escapetohome] 27/12/2019 21:34

Oh dear its up chimers.

Are your calcs correct?

[alangrifbang] 27/12/2019 20:59

And a very dangerous pillock ,

[beeks of arabia] 27/12/2019 18:32

Chimers is a proper pillock!


LoL!

[arab3] 27/12/2019 15:31

A bucketshop hired to try and silence Donald lmao More like Bucket shop for bucketmouth. FUD. !!!!