Kromek Share Discussion Threads

[33mick] 22/12/2020 13:24

Pittsburgh Hiring again....

Operations Manager
Kromek
Cranberry Township, PA 16066
Employer actively reviewed candidates 3 days ago
Job details
Salary
$95,000 - $110,000 a year
Job Type
Full-time
Number of hires for this role
2 to 4
Qualifications
Bachelor's (Preferred)

Manufacturing/Production Management: 2 years (Preferred)

Full Job Description
Kromek Group plc is an international technology group (global HQ in the UK) and a leading developer and supplier of high-performance radiation detection products based on cadmium zinc telluride (CZT) and other advanced technologies. Using its technology platforms, Kromek designs and develops and produces x-ray and gamma-ray imaging and radiation detection products for the medical, CBRNe security, Homeland Security and civil nuclear radiation detection markets.

The Group’s products provide high-resolution information on material composition and structure and are used in multiple applications, ranging from the identification of cancerous tissues to hazardous materials, such as explosives, and the analysis of radioactive materials.

The Group’s business model provides a vertically integrated technology offering to customers, from radiation detector materials to finished products or detectors, including software, electronics and application specific integrated circuits (ASICs).

The Group has operations in the UK and US (California and Pennsylvania) and sells internationally through a combination of distributors, OEM and direct sales.

Responsibilities include:

Lead the Production organization at the Pittsburgh site which includes; Crystal Growth, Slicing, Dicing and Polishing operations, Device Fabrication and Detector Assembly and Test. In this capacity you directly lead Production Supervisors and Process and Test Engineering functions. Additional Operational responsibilities include the Quality function which includes ISO 9001 and ISO 13485 leadership and product compliance coordination, as well as Production Equipment and Building Maintenance functions. Specific key initiatives requiring hands-on involvement and leadership include;

· Lead and develop the manufacturing team

o Drive a sense of urgency in manufacturing

o Strengthen the commitment of the Kromek quality culture

o Develop the next generation of leaders and managers in operations

· Develop and execute continuous improvement projects

o Analyze data and track KPI’s to optimize production efficiency

o Hands-on yield improvement through factory wide process improvements

o Champion, coordinate and lead 6S lean manufacturing process improvements

· Ensure Design for Manufacturability is enacted in NPD initiatives

o Drive new process development related to NPD Projects

o Participate in NPD process to ensure production cost points are achieved

o Coordinate with NPD teams to maximize manufacturability and development of standard work for new products.

o Support of all manufacturing equipment selection required for NPD projects

o Ownership of fixtures, jigs, and test engineering systems for manufacturing

· Lead the transition of engineering projects into Manufacturing

o Pull Manufacturing into the NPD process

o Fully coordinate pilot and all future project builds

o Oversee and coordinate the development of assembly instructions and documentation for manufacturing

· Own manufacturing related product ownership from launch to product retirement

o Ownership of the manufacturing flow

o Continuously seeks opportunities to improve process dimensions of cost, quality, yield, cycle time and reducing waste

o RMA investigation and resolution as well as leading the CAPA and SCAR process

Required:

B.S. in Industrial Engineering

3+ years in a supervisory/management position in production

Preferred:

MBA

Job Type: Full-time

Pay: $95,000.00 - $110,000.00 per year

Benefits:

401(k) matching
Dental insurance
Disability insurance
Flexible spending account
Health insurance
Life insurance
Paid time off
Retirement plan
Vision insurance
Schedule:

Monday to Friday
Education:

Bachelor's (Preferred)
Experience:

Manufacturing/Production Management: 2 years (Preferred)
This Company Describes Its Culture as:

Innovative -- innovative and risk-taking
Outcome-oriented -- results-focused with strong performance culture
People-oriented -- supportive and fairness-focused
Team-oriented -- cooperative and collaborative
Work Remotely:No

[dougmachin] 22/12/2020 03:59

qp - sometimes people leaving is a bad sign, sometimes (in my experience, a couple of times) 2 of the top people leaving really helps to move an organisation forwards. Sometimes, it's just that it's time for them to move on. For me, Schroder Investment and Aberdeen Asset buying in is a good sign. Questions in my head are:
[1] When to buy more, linked to when will the drip drip stop, and
[2] Which other stock to buy as it has better value.
I'm looking to double up and then wait...
Doug

[slicethepie] 21/12/2020 16:03

Spoke to soon!

[quepassa] 21/12/2020 15:09

massive losses reported this year.
cfo quits recently, now the long-standing chairman departs.

all imo. dyor.
qp

[b00mb0y] 21/12/2020 14:54

This has turned into a real dead dog. and thats without any trolls on this board. Its going to have to be some bounce!

[davethechef] 21/12/2020 11:13

earwacks, that's encouraging re the latest significant purchases.
Have you a link re the spreader notification?

It's bounced before quite rapidly from these lows before, let's see if does again. Although expect usual quieter trading around the Xmas period.
I'm expecting good rises up into the results 13th January 2021 however.

[dougmachin] 21/12/2020 09:34

Hmmm... drip drip drip.

Great to hear about Schroder Investment and Aberdeen Asset getting stuck in though.

[earwacks] 17/12/2020 19:45

Thanks Sev22. Absolutely correct if Mito were off loading on the open market we 'd be at about 5p! The Schroder trade possibly coincides with Mitons last sell, sounds an equal amount. I had the same query with SWG recently . All these huge trades had gone through without crippling the share price The director told me they were not notifiable and matched trades. Yesterday Spreadex notification came through that they had taken a million! What on earth would a share betting company be doing buying a stock like that? Anyway the director said he was surprised but not complaining. The other trading world where who knows what goes on!

[sev22] 17/12/2020 19:15

According to Stockopedia two new major shareholders have been listed under the Kromek stock report, during the period Premier Asset Management Ltd have been reducing their holding.

Schroder Investment Management Ltd have a 4.96% stake (17.1m shares), added into the top shareholders section on the 9th December 2020.

Aberdeen Asset Investments Ltd have a 3.54% stake (12.1m shares), added into the same section on the 12th October 2020.

I am assuming that these stakes may account for a chunk of the holding that Premier have been offloading over the last three months, but not sure why these changes haven't, to my knowledge, been disclosed.

[earwacks] 17/12/2020 19:10

No worries slice. I think there are a lot of people buying this sort of stock that are very unaware of risk and risk management. Hence a consistent drip drip of small sells. I can afford to invest here and have enough invested elsewhere to balance the risk which of course is high. Their business track record is abysmal. It does look to me that a lot of pain and hard work has been done by previous investors. I've no idea when Miton bought in but would imagine they are realising quite a loss here. I think cash balance is something they haven't really addressed because they will be hoping to be in a better position by the next update January13th. Institutional holding is currently listed as 50%, 4 have come in since October including Schroders on Dec 9 for nearly 5%. I can't see any RNS for these purchases maybe its under declarable limit. Presumably they all think this is a good opportunity or worth the risk. What concerns me most is how the market for all these incredible devises they keep coming up with are going to compete with very strained health care services at the moment. If they have turned the tide then there will be great rewards here. The business has been a bit haphazard, but hopefully the new guys are here to rectify. We will know more in about four weeks

[earwacks] 17/12/2020 17:28

Latest
Kromek’s CEO, Arnab Basu, interviews with DirectorsTalk
10/12/2020
I don't think you can expect a running commentary of daily business activity. There have been a steady raft of new products in recent months coming on stream, He has discussed at great length about the financial difficulties of Covid restriction on orders at beginning of year and how they are getting back on track.
They have built a new team with very experienced people in this field of business.

He has done more interviews than I have seen from any other aim listed company director in the last few months. Give the guy a break!Its not like you can invite a whole bunch of investors to some fancy hotel at the moment. There is amazing value in uk small caps. This is one and I'm invested in many others. The information that I have on Miton is that they have been forced sellers of some stock because they have experienced a lot of fund withdrawals.If they want to give me their shares I'm happy to have them.
Whats the likelihood of an aim company going bust in this environment with Brexit and Covid? Pretty high I would think. They like many others have done a few fund raise over the years and are very well established and respected in their field. They have global presence. I would think they would be very able to raise cash if required. Am not aware that that is imminent. Should be update January I think.

[dougmachin] 17/12/2020 13:49

Anyone who can read the financial accounts better than me... what's the likelihood of KMK actually going bankrupt? I suppose that's where a funding would come in. I mean, are they ok just ticking over... money in / out or is money out currently more than money in. Do they need new contracts to stay solvent? Thank you!

[slicethepie] 17/12/2020 13:36

Apparently miton gervais thinks there is amazing value in uk small caps and his fund is no1 year to date. Unfortunately we are not flavour of the month!I am amazed that with your largest investor dumping your shares that Arnab has not done a few investor presentations to attract new holders.

[earwacks] 16/12/2020 13:16

sounds like Miton added to decline. 'Investors flee Miton ahead of merger' back in April and a 2 star rating on Investnet don't make it a stand out investment company to me. Obviously KMK results were dire, but the explanation is in line with difficult trading environment many companies have experienced, and have set out a clear plan of recovery, which may not lead to an immediate bounce back. A period of consolidation with a stronger cash position is much needed. Miton's performance has clearly been under pressure as a result of many effected investments and as I say fund redemption has been part of the reason for them selling down stock. Gervais may be no fool, but would have to reduce risk, seemingly across the board.

[slicethepie] 16/12/2020 11:54

Miton was their biggest shareholder until mid year, clearly they don't believe the story that Arnab is telling, gervais is not a fool but tends to be in or out so it is pretty clear he is going to zero.Hopefully our new board member will question the apparent disconnect between the story that Arnab is telling and the share price which is at a 3 year low.

[earwacks] 16/12/2020 11:48

Wouldn't be too concerned about Miton, they seem to be subject to fund redemption. as with another Aimer CNC, who announced good trading update ahead of market expectations. Admittedly buys by institutions are more encouraging, but sells are often a completely different agenda. Either they have to sell or they get a new fund manager who wants to stamp his own mark by loosing more money than the guy or gal he is replacing.

[davethechef] 16/12/2020 08:29

Sounds like an ideal board addition, given his pedigree. Here's hopeing will make a difference

[slicethepie] 15/12/2020 09:20

Agree 11% reduction from miton and no corresponding announcements. A number of inst are really poor at reporting this yet no action is taken.

[sev22] 15/12/2020 09:12

Kromek Group Q&A: Increased amount of confidence with great degree of optimism (15th December 2020).

[cerrito] 14/12/2020 19:24

I guess in the short term the question before the house is if Miton are done for the year and will await the return of more liquid markets in the New Year...or perhaps they feel comfortable with their current holding. Time will tell.
Interesting that we had on Oct 8 the reduction from 13.93 pc but we have had no RNS with an increase reflecting purchases from Miton.

[b00mb0y] 11/12/2020 12:50

Yet the share price still drops!

[sev22] 10/12/2020 19:52

Kromek Group potential for wide-scale implementation significantly enhanced.

[33mick] 09/12/2020 20:54

He has a track record on proactive homeland security.

I think Kromek's US manufacturer base could be busy soon.

Biden Calls for Improved Port Security
U.S. Senator Joseph Biden (D-Del.) said yesterday that the Bush administration has not done enough to secure U.S. ports, the Associated Press reported (see GSN, March 13).