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KMK Kromek Group Plc

7.50
0.25 (3.45%)
20 Feb 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kromek Group Plc LSE:KMK London Ordinary Share GB00BD7V5D43 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.25 3.45% 7.50 7.00 7.50 7.65 7.25 7.25 1,320,755 16:35:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 17.31M -6.1M -0.0102 -7.11 43.52M
Kromek Group Plc is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker KMK. The last closing price for Kromek was 7.25p. Over the last year, Kromek shares have traded in a share price range of 3.15p to 8.55p.

Kromek currently has 600,247,000 shares in issue. The market capitalisation of Kromek is £43.52 million. Kromek has a price to earnings ratio (PE ratio) of -7.11.

Kromek Share Discussion Threads

Showing 4826 to 4849 of 7250 messages
Chat Pages: Latest  194  193  192  191  190  189  188  187  186  185  184  183  Older
DateSubjectAuthorDiscuss
16/7/2021
08:33
Analyst Peel Hunt estimates Kromek could gain a 20% market share of the annual market for the detector. (£25m annual profit). Who’s selling the remaining 80%????
aqc888
16/7/2021
08:18
I doubt companies like this would think twice about ordering a detector per floor to avoid wearing face masks...
aqc888
15/7/2021
10:00
Hi - what are your main assumptions in your projection of 70% share price rise ? I see much greater potential but haven’t done a detailed forecast at this stage ? Thanks
strategicinvestor2
15/7/2021
09:49
Feeble attempt to deramp a stock up 10%. The price and volume shows this is now in play.I can see this up 70% in six months
ch1ck
15/7/2021
09:17
AQC888 and 33mick - good posts from both, appreciate it.

The presentation really helped me to see the whole company and the exciting potential in all of their areas.

For the timelines, I was like "yep, that's what I thought".

For me, Arnab came across as a bit more street wise too, in terms of not promising the moon tomorrow.

They're dealing with many high level government agencies. He mentioned there are no standards for air monitoring of COVID. We're emerging from this pandemic and... anyway, suffice to say, I'm a confident holder now.

DM

dougmachin
15/7/2021
08:41
The ventilators are a perfect example of managements inability to communicate and manage investors expectations. I’m aware that at the start of the pandemic everybody including governments thought ventilators were the solution to people suffering with covid. However, as far as I’m aware the medical guidance changed and people suffering were given oxygen. Ventilators were only given to people in intensive care. There are not that many intensive care nurses and beds to go around. So having ventilators without the accompanying nurses was no use. So this was not a fault of Kromek.

What is categorically the fault of management is not updating shareholders with this very reasonable explanation of what happened.

The result of this is a very angry Que Passa who now disbelieves all the other things the management say.

Another example of the failure of Kromeks management. If you can see through all this inept management. Then I think there’s an interesting company. A company in which a very experienced Simon Thompson has clearly identified as having huge value and upside. The problem is new investors have is that there is a huge queue of old fed up investors waiting to exit and keeping the share price suppressed

aqc888
15/7/2021
08:22
I think a lot of investors will be displeased about the ventilators which were announced to great fanfare in April 2020.

Only yesterday, did we squeeze out of Kromek an answer as to how many had been made by them - which, according to dougmachin- was ZERO.

Kromek must have known about that for a long time but never had the courtesy to update the market.

Goes to the heart of credibility.


ALL IMO. DYOR.
QP

quepassa
15/7/2021
08:11
Huge amount of selling going on. Not quite sure how the share price is holding up so well. Clearly a lot of investors fed up with management playing games with expectations constantly.
aqc888
15/7/2021
08:05
I’ve also read the same over on lse, aqc888. 👍
b00mb0y
15/7/2021
07:44
Bit of a disappointing start to the day. When the print edition comes out on the weekend and people get a chance to read it over the weekend I’d expect to see it go up a bit more. Surprised not to see it hit 20p yet. I think there are a lot of frustrated holders who have been waiting to get rid of Kromek who are taking the chance to get out now, right at the time things are looking the most hopeful. You can see one long term apparent largish holder on the lse Kromek chat who’s exiting, with 33mick of course abusing him over his questioning of Kromeks managements competence.
aqc888
15/7/2021
07:39
Thanks for the write up Doug. This looks like it may be getting some traction now.
robsy2
15/7/2021
07:36
Yes a few impatient holders sell ahead of the value coming out. People are beginning to understand the variety of world beating tech here and next few months likely to be very interesting.
strategicinvestor2
15/7/2021
07:17
Excited by the move, then saw it was just a simon thompson ramp. As you were :)
wigwammer
15/7/2021
07:12
So glad experience has paid off ignoring the fall yesterday and buying in.I have always wondered why good news and strong results results in a fall in the price.Maybe it just flushes outs the last of the sellers
ch1ck
14/7/2021
19:54
Last interesting tip Simon Thompson made of mine was Metal Tiger 21p, which surged 20% in the morning after. His target was 33p. It reached 32p before falling back. I suspect based on this “strong buy” and unusually strong tip recommendation with “28p and well beyond” tip - this will go up significantly in the morning. It will then be in Fridays print edition. The price will continuously rise for a few days and touch 28p. I’ve put a buy order in for tomorrow to increase my holding by 30% with an 18.5p limit.

Last tip he made on Kromek on the 14/1 at 13.45p. Next day it went to 16.9p following week 23.5p. This time there will be a stronger reaction.

aqc888
14/7/2021
19:52
@ Abbynat. “Perhaps you wanted to hear contracts signed for billions and made yesterday!”
Now wouldn’t that have been nice! Don’t suppose your invested here are you? Just as well. Bye bye.

b00mb0y
14/7/2021
19:27
Is looking very exciting here. Multiple forecasts of share price heading towards 30p in short term. When more people study the potential here with risks diversified across various world leading products this could go anywhere. I suspect we may see short term small move to 20p ahead of streams of news in coming months. Like that the company doesn’t rush out news until there are material things to communicate to stakeholders. Anyone got targets for this one and on what basis ? GLA
strategicinvestor2
14/7/2021
18:47
Thank you Simon Thompson!!!!
aqc888
14/7/2021
18:47
Hallelujah!!!!!!!!!!! STRONG BUY 28p and WELL BEYOND

This will boom in the morning!

aqc888
14/7/2021
17:06
Cheers toptomcat

July 14, 2021
By Simon Thompson

"Backing a tech winner in the fight against Covid-19
A radiation detection technology company focused on the medical, security screening and nuclear markets is planning a commercial roll-out of its Covid-19 bio-security pathogen detectors. It is winning multiple contracts in other parts of the business, too."

Backing a tech winner in the fight against Covid-19
A radiation detection technology company focused on the medical, security screening and nuclear markets is planning a commercial roll-out of its Covid-19 bio-security pathogen detectors. It is winning multiple contracts in other parts of the business, too.

Order book covers 75 per cent of revenue estimates for 2021/22 financial year.
Successful pilot of Covid-19 pathogen detectors in UK airports, schools and retail outlets ahead of commercial roll-out.
Cutting edge CZT detectors being deployed in medical imaging scanners in multiple countries.
£20m worth of nuclear sector revenue in active procurement that could be delivered this year.

Kromek (KMK:15.75p), a Sedgefield-based radiation detection technology company focused on the medical, security screening and nuclear markets, has announced a raft of contract wins worth over £0.75m alongside annual results. The directors also revealed that the current order book covers 75 per cent of analysts’ revenue estimates for the 2021/22 financial year which point towards turnover rising from £10.4m to £15m.

Moreover, house broker Cenkos Securities expects gross margins to rise from 48 to 52 per cent, so with the benefit of a relatively fixed cost base last year’s Covid-19 impacted cash loss of £1.7m is forecast to produce a small adjusted cash profit. Paul Hill of Equity Development has similar estimates. It’s worth pointing out that forecasts don’t factor in any contribution from Kromek’s bio-security pathogen detectors which sample air and identify the presence of any biological pathogen including Covid-19.

The technology is based on Kromek’s work in developing a mobile bio-security system capable of detecting airborne pathogens for an agency of the US Department of Defence (DARPA). In the past month, DAPRA awarded Kromek a follow-on US$6m (£4.2m) contract to deliver an automated and fully mobile airborne pathogen detection system, and the company has been awarded a £349,000 contract from the UK Ministry of Defence. Chief executive Arnab Basu (pictured) says his company is in “serious discussions with multiple governments” and notes that “its unique set of IP isn’t reflected in the current valuation.” I concur, so much so that with a raft of positive news flow set to announced on multiple fronts in the coming months I expect the share price to re-rate markedly.

To quantify the size of the opportunity, 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

33mick
14/7/2021
17:03
You wanna read/remind yourselves what Simon Thomson wrote on 16th April 2020 about the Kromek ventilators and the 35p price target he then gave.

Both horrifically wide of the mark.

link herewith:-

hXXps://www.investorschronicle.co.uk/comment/2020/04/16/stock-picking-for-bear-market-gains/


ALL IMO. DYOR.
QP

quepassa
14/7/2021
16:40
Been following the conversation with interest today and also attended the results call this morning. Impressed with what I heard and I think Kromek have now finally reached a positive cornerstone. ST has just released an article with a STRONG Buy recommendation targeting April's highs of 28p and well beyond
toptomcat
14/7/2021
16:27
This really answers where the Covid detection units are at re testing, performance and validation.
With plans and conversations happening re manufacturing and Futher trails.

MOD, military and UK gov being up there at the top of the list I expect.

33mick
14/7/2021
15:10
Doug,

Have searched around but can't find link to this morning's analyst presentation with questions. Can't find link/upload on Kromek's web-site. If anyone has it, please post link.

However, have listened to two other Kromek presentations this morning on YouTube.

The one with Proactive Investors and another one featuring an 11 minute presentation by CEO.


Neither of those mention any company figures whatsoever. Not the loss, not the revenues, not the net worth. How can you give an annual results overview and not mention actual performance??

More waffle about how well everything is doing and all the worn-out, threadbare, tacky jargon about ramping-up, good visibility and how rosy everything is in the garden.

What was gob-smacking is that the ventilators were glossed over and not mentioned a single time.

I'd like to hear the analyst presentation and will hope to find it as I want to listen to the FD talking rather than the usual media-interface but can also imagine with some of the questions raised that it may equally be suspended.

Do you have a link you can post?


ALL IMO. DYOR.
QP

quepassa
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