Kromek Share Discussion Threads

[ali47fish] 31/1/2022 14:05

the proactive link is dated 5th oct/ when did cenco publish

[dougmachin] 31/1/2022 14:03

AQC888

I'm not too bothered about ST/IC but... ST/IC has been following KMK for some time, which does bode well for more coverage. It wasn't just a 1-hit from last year (as I thought), but back to 2017.



There's an interesting KMK potted history in that chart.

Of course, I prefer to get some real sales, much more than an IC/ST tip.

[dicktrade] 31/1/2022 13:59

AQC
Probably this week but no guarantee .

[senttothegallows] 31/1/2022 13:46

Cenkos 18.1.2022

[aqc888] 31/1/2022 13:00

Anyone know if Simon Thompson’s annual bargain shares edition is this Friday or next Friday?

[aqc888] 31/1/2022 12:56

Cenkos

Detection technology specialist Kromek Group PLC (AIM:KMK, FRA:4KM) is ‘materially undervalued', according to a City broker Cenkos Securities, whose comments followed the take-out of the group’s only independent competitor.

Redlen Technologies was snapped up by photocopier and camera maker Canon Inc in a deal that values the former at US$270mln. Like Kromek, Redlen specialises in cadmium zinc telluride (CZT) detectors.

“Kromek’s medical imaging division competes against Redlen in the medical imaging market and this consolidation leaves Kromek as the sole independent producer of CZT detectors worldwide,” said Cenkos in a recent note to clients.

“The read-across valuation for this division alone suggests Kromek is materially undervalued, and we see fair value in excess of 50p.”

[ali47fish] 31/1/2022 12:47

sent which broker and on what date please!

[senttothegallows] 31/1/2022 12:43

Kromek are likely to break out they are a sitting duck for a bid at this price. Broker has it at over 50p interesting times IMHO

[richyf3] 31/1/2022 10:42

Setting up nicely here for a breakout on the charts , not quite there yet but it could happen today or tomorrow.

[aqc888] 31/1/2022 10:35

Nick, that’s just one of the three events that could act as a significant catalyst to Kromeks share price.
A more significant event than what you outlined above would be a government order for bio security defences, an order here could generate sales in the hundreds of millions - as per the analyst Hunt at equity development stated. He forecast a market of £500m per year. Of which he believes Kromek could gain a 20% market share. I believe this is a huge underestimate looking at the figure Congress in the US were talking of last month. As the ceo stated Kromek are in “serious discussions with multiple governments”.
The final and most likely near term catalyst will be the results of the nuclear detector tenders, which are in the tens of millions and due to be announced in the coming months.
Finally this Friday Kromek have a good chance of being included in Simon Thompson’s annual pick m - which would see a further 10-20% gain.
A good year ahead that Kromek chart above is going in only one direction and I’m excited to see my position is up 20%. I will certainly not be tempted to even consider selling my Kromek below 30p

[nick2412] 31/1/2022 09:26

I loved this bit from ST's piece:-

"Basu also revealed the potential to split out the group’s two distinct business units – chemical, biohazard security, radiation and nuclear (CBRN) activities comprise the other one. The fact that the directors have segmented the two operations in the results presentation is telling. The point is that a medical imaging OEM looking for security of CZT supply could be tempted to make a bid for that part of Kromek’s business, which analyst Mike Jeremy at Equity Development values at £225m. He also highlights the undervaluation of the CBRN business, which could generate half of group revenue of £18m in the 2022/23 financial year, and could be worth £54m."

Current m/cap £74m v a potential (based on the above)£274m value or 64p a share. I can't quite see that amount of upside this year, but as investors saw with the likes of ITM Power, momentum and institutional interest are powerful forces.

[nick2412] 31/1/2022 08:57

I like the fact that the board put in the public domain (in the analyst presentation) that they are exploring ways to get shareholder value. One reference was the potential to split the Company and spin off the bio-terrorism detector side. With the growing revenues and, potentially, a spin-off with existing holders receiving shares in any new company, there looks to be more than decent upside here.

[aqc888] 29/1/2022 10:50

Analyst Mike Jeremy at Equity Development

[ali47fish] 29/1/2022 09:52

arc who is Jeremy?

[strategicinvestor2] 29/1/2022 09:23

Impressive forward revenue visibility and move to cash generation even with these very prudent forecasts.

[aqc888] 29/1/2022 07:31

According to the Simon Thompson article there is going to be a 0.6m profit in the second half... much of Kromeks costs are fixed. So as we see ever increasing revenues forecast, some of this should drop straight to the bottom line. Chip shortages will be a continuing problem for most of this year it would seem.


“Importantly, with 96 per cent of budgeted annual revenue of £15m covered by orders as well as 60 per cent of the £18m revenue estimate for 2022/23, the long-awaited move into cash profitability is on the cards. Jeremy predicts £0.6m cash profit in the second half to 30 April 2022 to wipe out the £0.6m first-half loss, and is pencilling in cash profit of £0.75m in 2022/23. “

[carcosa] 29/1/2022 06:28

Kromek's D5 RIID - Smallest and Fastest RIID with the ultimate detection performance.

Video is cringeworthy. Considering the amount of talent out there perhaps they should employ a teenager for their marketing videos for the future.

[carcosa] 29/1/2022 06:28

Kromek's D5 RIID - Smallest and Fastest RIID with the ultimate detection performance.

Video is cringeworthy. Considering the amount of talent out there perhaps they should employ a teenager for their marketing videos for the future.

[ark87] 28/1/2022 23:29

I predict some “goodish”; news in next 1-3 months which will be attached to a placing of around 6-12million. We are clearly running out of cash as highlighted by Charlie.

[strategicinvestor2] 28/1/2022 18:21

Interest slowly building in Kromek …

[swiss paul] 28/1/2022 15:34

Oooh thats a bit naughty of ST (IC) he never mentioned anything about the finances and seems to be pushing his view.

Charlie thanks for the heads up on the finance side - very much appreciated

[quepassa] 28/1/2022 07:41

Ramp ramp ramp.



AQC- "I'M JUST WAITING FOR THE CHANCE TO EXIT".

[aqc888] 28/1/2022 07:33

Quepassa you seem to be stuck in a state of purgatory, where your “significant investment” is down 80% but you can’t just let it go and accept the hell you’re in. Nor support Kromek because of the rage you feel towards the ceo. I do pity the place you find yourself in. But you should find comfort that some new investors, such as myself, will benefit from all that cash you gave Kromek to develop IP in the early days

[quepassa] 28/1/2022 07:06

Ramp ramp ramp.



AQC- "I'M JUST WAITING FOR THE CHANCE TO EXIT".

[aqc888] 28/1/2022 06:52

Been through that many times before QP. Care to comment on why you’ve deleted your post no37? The one where you praise Kromek and say how you’d invested a ‘significant stake’?