Kromek Share Discussion Threads

[edmonda] 02/3/2021 16:36

KMK has confirmed that it raised £13m gross at 15p/share, with proceeds used to drive growth, including their new Biothreat detector, and for the balance sheet. On updated numbers Equity Development's fair value is now 24p/share.

See full new research note here:

[dougmachin] 02/3/2021 12:29

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[dougmachin] 02/3/2021 10:20

Couple of thoughts from moi:

[1] Even though the PIs might not get too much, 10 million worth of confidence there from the bigger stakeholders. (I'm not convinced yet though what I'm getting, as money has certainly been removed from my account for a bunch more shares... so either the shares are coming or I'm sure Halifax will return the cash).

[2] Maybe the Directors want to give the PIs as much as they can...? If they took a couple million, then that is still less for PIs, worth thinking about IMO.

I'm happy the share price will be reinforced from this level and looking forward to improved trading and a return to 23p and then up to my TP of 30p, which is a 100% from the placing.

Cheers
DM

[varies] 02/3/2021 10:05

I agree that the take-up of new shares by the directors is unimpressive.
Perhaps they have lots of options. When I have a moment, I will have a look.

[kadvfn1] 02/3/2021 09:54

Big sell 350k GBP @15p this morning ouch

[paleje] 02/3/2021 09:26

Director holdings as per this mornings RNS speak volumes, not exactly confidence inspiring.

[marvelman] 02/3/2021 09:25

Pretty sure I know who that was

[b00mb0y] 02/3/2021 09:09

Patience? How long is a piece of string? I’m hoping it’s a short piece.

[marvelman] 02/3/2021 08:47

I take the view that any breadcrumbs the City boys leave for us I am grateful for. Patience Boomboy.

[malcolmmm] 02/3/2021 08:13

Profit taking, not a sell day

[marvelman] 01/3/2021 16:44

Per the circular RNS:-

Announcement of result of General 1 March 2021
Meeting and Open Offer
-------------------------------
Admission and commencement of 8.00 a.m. on 2 March 2021
dealings in the New Ordinary
Shares on AIM
-------------------------------
New Ordinary Shares credited 2 March 2021
to CREST members ' accounts Well considering the new shares will

The new shares will be traded from tomorrow and we have not yet been given our allocation. I believe it will be the individual investors nominated broker that will decide on allocations...anyone else think the same?

[marvelman] 01/3/2021 15:19

347% oversubscribed

The Open Offer closed for acceptances at 11.00 a.m. on 26 February 2021 and was oversubscribed. Valid acceptances have been received in respect of 70,437,483 Open Offer Shares, representing approximately 347 per cent. of the Open Offer Shares available under the Open Offer. In accordance with the terms and conditions of the Open Offer, all applications made pursuant to the Open Offer (other than Excess Shares applied for under the Excess Application Facility) have been met in full and a scaling back exercise has been undertaken in respect of applications for Excess Shares

Not much left for the rest of us it seems

[fruitloops101] 01/3/2021 11:41

Kim Jong Un's brother?

[abbynat] 01/3/2021 11:20

whats awrong un?

[onjohn] 01/3/2021 10:59

Looks a wrong un

[abbynat] 01/3/2021 10:58

it would be better if the co. reported that they are skint and have no orders yet!
then the share price would go UP!

[dougmachin] 01/3/2021 10:30

I've had a few grand taken out of my account.
Not showing that I categorically have the shares though yet.

[marvelman] 01/3/2021 09:22

Clearly the insiders are aware of their allocations and are balancing their holdings. Frustrating for PI's.

[33mick] 23/2/2021 10:50

De Souza said defence departments around the world are now waking up to the importance of sequencing to detect other biological threats, concerned that they were caught unaware when coronavirus first entered their country.

“We have an Air Force and in the US, we have a Space Force and we have a cyber force in the UK. I think we need a Bio Force,” he said.

[marvelman] 23/2/2021 10:10

Thanks Malcolm. I have done all that but kind of you to go to the trouble of informing me. I am just not clear on when we will be informed of our allocations as the Circular which was published was quite sketchy in that regard. Sit and wait then I guess.

[malcolmmm] 23/2/2021 09:52

They dont seem to know what the allocation will be unfortunately, it looks like a day later after the event, Thursday 25th. Looks like hit and hope.

Log in to your account at www.hl.co.uk and select your Fund & Share Account. Choose the Corporate Actions icon on your Kromek Group plc entitlements and follow the steps. Please state clearly in the further details box if you wish to buy shares outside of your ISA.


Make sure the cash you need to buy shares is in your available balance by Wednesday 24 February 2021 and remains there until we debit the cash, which is expected to happen on Thursday 25 February 2021. If there’s not enough cash we’ll only apply for as many shares as your available balance allows.



Your new shares are expected to be credited to your portfolio on, or around 2 March 2021.



As your shares are held with Hargreaves Lansdown, scaling back of excess elections may not be on the same terms as those announced by the Company.



We will debit the full cost of your election, so if you apply for shares in excess of your basic entitlement and scaling back occurs the cash difference will be refunded to your account on receipt. There’s no definite date for this but it’s usually within a week of the shares being issued. We’ve based this information on our understanding of the prospectus available at: hxxps://www.kromek.com/investor-relations/kromek-gm-2021/ issued by Kromek Group plc.

[marvelman] 23/2/2021 09:24

Malcolm...do you know when exactly the allocations are informed to us?...I thought it was sometime today

[malcolmmm] 23/2/2021 09:03

On H/L have untill midday on the 24th to have money in your account to cover any allocation.

[b00mb0y] 22/2/2021 19:31

How many other companies are working on / building similar products as KMK? Are we unique or have we got a lot of competition? If so, then bigger companies with more money can get their products to market quicker than us. I ask this question even though I have taken up the offer and applied for a combined total of 100,000 shares to add to my holding. GLA