Massive delayed prints of 10m and 11.5m at 11am todayThink tomorrow the mms will let this goEnough of the shenanigans Mcal before this deal was the same as it is nowNo value has been attributed to the siemens deal |
Those are substantial. I guess more holdings rns shortly! |
The late prints of 10m & 11m share looks like an institutional buy to me |
Skeletons out the closet in the last intrimsBeen ticking away on the nuclear division while cooking up the medical side Medical much more lucrative |
The initial $25.0m payment from Siemens Healthineers will enable the Group to report significant revenue growth for the current financial year, profit significantly ahead of market expectations and positive cash flow. Jaknife is trying to sound important but just sounds like a greedy shorter |
 ilkersa,
"What euphoria. The Siemens contract is practically the same as the market cap and govt contracts under the procurement framework expected imminently."
1. You (and other retail punters) are focusing on the headline sales figure of $37.5m/$25m now as if that's the profit. What about the associated costs that go with full-filling the contract?
2. As previously noted, Kromek did a $58m deal with Siemens back in January 2019:
It didn't stop Kromek from then going on to lose money in every year that followed:
Year Loss2019 £0.62020 £16.52021 £5.42022 £4.92023 £6.12024 £3.3
3. The house broker (Cavendish) forecasts that a profit is made from the initial sale to Siemens but that that profit then materially tails off:
Year PBT (forecast) EPS (p)2025 £4.9 0.772026 £2.1 0.342027 £1.0 0.16
4. Similarly the house broker also forecasts that net cash at the end of the next three years is:
Year Cash2025 £1.82026 £1.12027 £2.4
So, despite the Siemens deal there's immaterial cash retained in the business!
5. Have you looked at the recent interims?
* H1 revenues were trivial - just £3.7m
* Revenue was *down* 48.2% compared to the same period last year
* Total losses were £5.7m.
* A further £2.2m of costs were capitalised straight to the balance sheet through the cash flow statement
The reality is that the Siemens deal has saved Kromek from potential insolvency and that once the debt has been paid off, and the directors have stuck their snouts in the trough, then there's very little cash left over for shareholders.
And the house broker's estimates are optimistic! Go back and look at previous years' forecasts and you'll see that Kromek have missed them every year!
Regardless though, the house broker is forecasting 2027 forward EPS of 0.16p. Hence, at the current 6.50p share price, Kromek trades on a very expensive 40.6x PE ratio and 4.2x tangible book value!
JakNife |
Full buyout of CZT furnaces alone is 200-400mKmk40m cap Newlands knows ?Philips and Siemens both need it to compete with GE and canon |
As a new investor it seems like Jak is trying to deter long positions, maybe he is close to his liquidation point? I don't see how the Siemens contract can be thought of as anything other than extremely positive. |
What euphoria. The Siemens contract is practically the same as the market cap and govt contracts under the procurement framework expected imminently. |
People carried away with euphoria far too easily and JakNife is adding a much needed balance to the discussion |
Shares have been sold down from 9p to 5.75p and will rebound north of 9p again |
Z1CO
"I keep saying the shares are dirt cheap at these prices,at least 15p in 6 to 12 months"
A perfect example of someone who posts words without evidence.
15p would equate to 93.8 x 2027 forward EPS when the sector average PE is closer to 15x (suggesting that a price of 2.4p would be more appropriate for Kromek)! I mean who on earth thinks that a PE ratio of 93.8x is "dirt cheap"?
15p would also put KMK on a price to tangible book ratio of 9.7x!
You guys are just making 💩 up to try and justify your buy stance without actually looking at the facts! Kromek is very expensive, as proven by the stats. And when you factor in management's long term track record of regular repeated failure and disappointment it's a wonder where the infantile fascination comes from?
JakNife |
Can't buy a bean @ 6.5p , gone NT
I keep saying the shares are dirt cheap at these prices,at least 15p in 6 to 12 months |
cyberdyne1
You appear to be trying to change the topic without acknowledging that you maliciously libelled me in your post 7,324:
However, with your implicit agreement, you are now “cry baby cyberdyne1”, the poster who cries when people post hurty facts about companies that they are long of.
JakNife |
I suspect they might still be accumulating based on the number of million plus buys over the last couple of days. |
Dannymaz89,
David newlands
Guy is 800% up in his FTC tr1 and 500% on his AET tr1
Todays buys says he’s not done imo ?
The dorkus first announced a position in KMK on 21 April 2021:
Back then the share price was 15.5p!
So he's 60%+ down on his initial purchase and averaging down.
He's yet another person that has been suckered into getting long by the siren calls of Arnab Basu.
FFS! You're looking for Confirmation Bias ( in every RNS that you read instead of actually reading, thinking and working out an opinion for yourself!
JakNife |
Net worth £43m |
David newlandsGuy is 800% up in his FTC tr1 and 500% on his AET tr1Todays buys says he's not done imo ? |
cyberdyne1,
Please feel free to highlight the specific words that you allege are "miss-information".
In the absence of a specific response I will have to assume that what you really mean is:
"Wah wah wah, it's not fair, JakNife keeps posting facts that show that Kromek is actually a dud! Wah, wah, wah, pass me a hankie."
JakNife |
Boomboy - I appreciate you are a LT holder and underwater and sceptical. However JakNife works hard against the price rise that you need. His aim is to sow miss-information and despair to deter new investors and holders alike to get the price to drop. I’ve been holding a few months not the days/weeks you indicate. If you genuinely want a share price rise JakNife isn’t the solution but part of the problem |
David and Monique Newlands have increased their holdings from 3.582% to 4.501% and now hold 33,121,498 shares. |
More good news for holders!!! |
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