Kromek Share Discussion Threads

[davethechef] 30/6/2021 14:16

Just not enough info for me, coming out. I agree the covid detector is impressive, but surely they'd need to make hundreds to make very significant revenues. And what profit are they expecting and how many can they actually make in what time frame to keep those customers happy to wait? How many have they made to date & who are actually interested to buy now. Of course they have other revenue 'avenues' but Arnab Basu has been very vocal of the covid detector, picked up by various press interest, some weeks ago, and now we are overdue those results & an update!

[aqc888] 30/6/2021 13:24

Pretty rough estimation, lots of unknowns. But gives a picture of what a dramatic effect this biological pathogen detector could have on Kromeks share price

[aqc888] 30/6/2021 13:20

I’m quoting IC; Covid-19 airborne threat detection profit opportunity - 14th Jan 2021 “ Analyst Paul Hill at Equity Development values the annual global market for the biological threat detection devices at £500m and believes that Kromek could win a 20 per cent share on a 25 per cent profit margin, implying operating profit of £25m.” So Kromeks 20% share of global market of £500m would be £100m @ £20,000 per device = 5,000 global sales annually required to generate £25m. Current market cap of Kromek is £69m

[ali47fish] 30/6/2021 13:01

aqc not clear whether the whole post is a quotation of paul Hill

[aqc888] 30/6/2021 12:32

The R rate of coronavirus is around 1-2. That means in the 10days you’re infected the expected number of cases directly generated by your case will be 1-2. If the machine can pick up a coronavirus case in schools, offices, airlines etc in 30mins there’s a pretty good chance it will prevent the infection spreading to anybody else, given the average case takes 10days to spread to 1-2 other people. I can imagine since the virus has effected the entire world so profoundly that there will be enough scenario settings for the machine to generate pretty good sales. A test conducted at a boarding gate to test passengers I agree is not very practical. However the alternative of allowing a new strain such as the delta variant into your country or multiple pcr tests on every passenger is even less practical. I’m pretty confident that this unique machine with no current competitors and with such a competitive advantage will be able to find the 5000 sales globally which will generate an annual profit of 50% of the current market cap of Kromek. (Analyst Paul Hill at Equity Development)

[haroldthegreat] 30/6/2021 10:12

This contract will allow us to continue our work in developing a mobile wide-area bio-surveillance system capable of detecting airborne pathogens in real-time. We look forward to reporting on our progress as we deliver on our milestones. "What is real time ?30 seconds for a dog or30 minutes for the machine ? It will be very useful to detect multiple pathogens you might not be expecting but as far as monitoring and airport or store for covid positive patients that can infect others it will take too long . One could isolate a plane full of passengers and test them all at once to see if anyone is positive but again not practical at a busy airport

[b00mb0y] 30/6/2021 10:06

Well said, DaveTheChef. We’re still waiting Arnab.

[davethechef] 30/6/2021 09:11

Where are the positive trial results, as promised in " coming days" Arnab! Interest & trades have dwindled as a result of above. If he knew they were positive what's he waiting on!?!

[b00mb0y] 29/6/2021 17:05

SP up. Wouldn’t believe it. Would you?

[b00mb0y] 29/6/2021 15:14

All sounds well. Great machine. Everyone exited. World class. Game changer. share price drop. You wouldn’t believe it.

[aqc888] 29/6/2021 12:55

Interesting perspective, helps me understand why the market might be massively miss pricing Kromek. While the U.K. and US are adopting a fairly laidback approach to covid and are mainly interested at its prevalence at boarders and hospitals. (A market alone which would support good sales) I would remind you that in Hong Kong alongside a lot of other Far East countries that someone testing positive would be taken to hospital under observation while the rest of the family locked up in a quarantine centre for 3 weeks! In this rather significant market where they still are keeping covid rates to ZERO this machine would be of great interest. Second point is that Kromek have a huge competitive advantage over there rivals. (Warren Buffet always looks for this little detail). They have 3years R&D under their belts - as they had already started developing the machine before covid. Also Kromek have mopped up Tens of Millions in US and UK government grants to develop the machine. (Money that won’t be available to rivals trying to develop the same bit of technology). Thirdly the next generation machine (again currently funded by DARPA) is going to detect every pathogen EVEN ones which haven’t been detected before (rather useful for stopping the global economy grinding to a halt next time there’s a pandemic - over 17,000 international airports in the world). I’ll be keeping my Kromek shares. 5-1 to Kromek I’d say.

[haroldthegreat] 29/6/2021 11:59

If it detects in 30 minutes the people passing through will have left ! are they all going to be contacted by test and trace ?will the building be evacuated until level is zero ? At least the dog test is immediate . Very disappointed at the time taken for the result Will be useful if it detects many agents at the same time and a rare dangerous agent is detected where immediate action can be taken but this is not the answer for covid where instant detection is wanted . dog 1 kromek nill !

[33mick] 29/6/2021 11:18

Dr Arnab Basu mentioned the NHS at the end of the presentation so we should hopefully get some more news and media attention soon. "The Bio Detection is an exciting new market for us... Revenues are now building up after a year of disruption and we have a compelling offering with our Pathogen dection system for Bio security and Pandemic protection. We will be releasing test results which all look very promising in the coming days after trials in Airports, Schools and NHS sites." hTTps://youtu.be/_jy9u33opsg Cenkos Growth & Innovation' 8th June Worth another watch

[aqc888] 29/6/2021 08:38

Very excited by the upcoming results. Hopefully we’ll see them by the end of next week, at the latest, given the CEO claims in an interview a few weeks ago that they were soon to be released. Knowing Kromek have the financial firepower through their £13 fundraising to commercialise this machine, and with their new manufacturing facilities, the effects on their balance sheet should filter through quite quickly. To own the intellectual property of a world first machine of such importance will be transformational to the share price. I hope!

[aqc888] 28/6/2021 11:35

I can’t believe they haven’t already trialled these machines extensively at their facilities already... I should imagine this is the last stage of trials conducted in a real world setting. When the results are released I should think as the media are already aware of the story it should get traction very quickly - with a lot of overdue attention focused on the company. It’s also extremely likely Simon Thompson will re-tip his old favourite. Last time he tipped Kromek on the 14/1 at 13.45. Next day it went to 16.9p following week 23.5p. That increase was based on speculation regarding the machine. When the results are out we should hopefully see a stronger response to his inevitable re-tip...

[33mick] 28/6/2021 09:48

Made a news article in the Airport Technology site. 4th article down I think. hTTps://www.airport-technology.com/news/ Teesside Airport trials Kromek’s Covid-19 detection system 25 Jun 2021 (Last Updated June 25th, 2021 09:11) Developed by Kromek, the system can detect levels of Covid-19 within 30 minutes.

[aqc888] 28/6/2021 09:20

Bit more coverage in the press. Warming them up hopefully for the imminent positive results! https://www.google.co.uk/amp/s/metro.co.uk/2021/06/28/machine-that-sniffs-covid-19-particles-tested-at-uk-airport-14828720/amp/

[ali47fish] 25/6/2021 16:05

what is new then?

[33mick] 25/6/2021 13:32

Today. - US most recent Kromek news....not about trails as such but news the same... DARPA Awards Phase 11 Biological Threat Detection System Contract to Kromek June 25, 2021 Homeland Security Today Kromek has been awarded a new c. $6m contract by the Defense Advanced Research Projects Agency (DARPA), for Phase II of its development of a biological threat detection system that senses, analyses and identifies airborne pathogens. Kromek will deliver the contract over the next 28-month period, commencing immediately. hTTps://www.hstoday.us/industry/darpa-awards-phase-11-biological-threat-detection-system-contract-to-kromek/

[aqc888] 25/6/2021 12:41

Thought I’d repost this article from the New York Times on Kromeks rival covid detector. No wonder DARPA gave £6m to Kromek when the closest rival machine seems to be a dehumidifier machine which collects water droplets that are manually collect and posted to a pcr lab, with next day results. Compare that to Kromeks completely autonomous machine which gives results every 30mins without the need for new filters every cycle, manual collection, postage and a 1 day wait, or indeed paying for the pcr test once or twice a day (circa £50-120). Yet this vastly inferior machines makers say they are “ inundated with calls and emails from companies and organizations”. Kromek should have very little problem selling these machines. https://www.google.co.uk/amp/s/www.nytimes.com/2021/03/24/health/coronavirus-testing-airborne-aerosol-indoor.amp.html

[davethechef] 25/6/2021 08:41

Ark87, Yes that's what I suggested at the time & the day before too. Some poor sods on Wednesday afternoon panicked & sold at 14p; a 60k & 80k infact. Ouch!!! Still plenty more to come here, perhaps they've bought back in, hopefully. It's all a learning experience!?!

[33mick] 25/6/2021 07:34

Just looked back to where the share price was when Kromek secured the first proof of concept DARPA contract at the end of 2018....26.5p..... So either the company with its cutting edge tech was over valued for most of the last few years......maybe...or as Its been mentioned by the likes of Investors Chronicle the Bio detection arm of the business is given no value by the market what so ever...mmmm "Kromek jumps as it secures bio-threat detection contract with DARPA 2018-12-10 07:27:00 The contract, which begins immediately and will run for 12 months, is to develop a proof-of-concept device for a vehicle-mounted biological-threat identifier." .................... .................... "The contract follows a previous win with DARPA in March when Kromek was awarded an extension of its high-volume production contract for its D3S nuclear detection devices. Shares were up 3.9% at 26.5p."(Dec 2018) hTTps://www.proactiveinvestors.co.uk/companies/news/210837/kromek-jumps-as-it-secures-bio-threat-detection-contract-with-darpa-210837.html

[ark87] 24/6/2021 22:12

That drop to 14p on Wednesday now looks like a hilariously cynical attempt from MM's to induce panic selling or to hit stops. We getting some great press and should start to rocket soon enough. I'm going to predict 35p+ within next 6 months.

[aqc888] 24/6/2021 19:22

Remember this story about dogs possibly sniffing covid in airports, that was all over the news last month? Think it was in the BBC news headlines as well as the radio and multiple newspapers... Surely when the Kromek results are out and it’s proved their machine can detect covid with remarkable accuracy they will get more coverage than the dogs did?!?! https://www.google.co.uk/amp/s/www.bbc.com/news/health-57200863.amp

[33mick] 24/6/2021 18:10

Although DARPAs ongoing detection programme with Kromek was originally bio terrorism focused. They are also looking for Covid + variants airborne monitoring and detection systems as the Nov 2020 article below. So the market is there waiting in the US as well. BY: JORDAN SMITH NOV 3, 2020 2:53 PM DARPA Seeks Tech to Detect Airborne COVID-19 Pathogens The Defense Advanced Research Projects Agency (DARPA) is seeking innovative basic or applied research concepts to detect airborne SARS-CoV-2 pathogens. “Sensing SARS-CoV-2 virus in the air with high sensitivity and specificity could provide a new mechanism for public health monitoring, enabling safer conditions for a wide range of basic activities including work, travel, and school,” DARPA said in an opportunity notice. What will be known as the SenSARS program looks to identify SARS-CoV-2—also known as COVID-19—signatures suitable for rapid indoor air monitoring and will aim to use these signatures to develop and demonstrate a technology readiness level (TRL) 4 prototype sensor. DARPA points out that most detection capabilities for COVID-19 require a sample to be collected and sent to a lab for detection of viral genetic signatures or associated antigens. The process can take between tens of minutes to several days to see results, and processing times are too slow to be used for atmospheric sampling. hTTps://www.meritalk.com/articles/darpa-seeks-tech-to-detect-airborne-covid-19-pathogens/