Kromek Share Discussion Threads

[trotterstrading] 11/1/2017 08:59

There is buying, those early trades are buys, or at least the 50k trade is. Actually the 3rd 50k block bought since yesterday. CEO presenting on the 25th I suspect we will get news before then. No CEO wants to present to a baying mob!

[chrisdgb] 11/1/2017 08:54

Desperately need some buyers here or positive news flow........

[trotterstrading] 11/1/2017 07:06

Daz, spot on, it happens all the time on the AIM.

[daz] 10/1/2017 23:18

You could of course be right Chimers but in the Equity Development note in December, they mention that Amphion are winding down their position and it's likely they are forced sellers. They hold 3.95% according to the Kromek website, which is a sizeable stake in an illiquid company, so in situations like this, where buyers hold off, the price can be trashed for no good reason.
In the recent webinar, the company said they have visibility of 88% of current year revenues and 80% of next years and they also said ithey are confident of meeting expectations, so unless directors were being deliberately misleading just one month ago, it doesn't sound like there are any skeletons in the cupboard.

If you were a buyer and knew there was a forced seller, you would try and get the best price possible and this I think is what is happening,

I would look for some big trades going through as a signal that the overhang is being bought up and/or director buys as the company broker will have a very good idea as to the size of the overhang and directors have a habit of buying right at the low, you only have to look at what happened at HZD just about a month ago, where the price is now up 70% on the intraday low.

[trotterstrading] 10/1/2017 21:34

Chim the only prices that matter are the one you buy at and the one you sell at. Frankly I don't care if the price drops from here. My average is 21p, the share price will be multiples of that number within the next 12 months. That's why I'm building a position at these levels and will continue to buy the dips.

[chimers] 10/1/2017 20:36

Let others do the firefighting.

[nigelmoat] 10/1/2017 20:26

Apologies for error .... yes Wednesday the 25th.

[gnnmartin] 10/1/2017 20:10

Not next Wednesday ... it's on Wednesday 25th.

[nigelmoat] 10/1/2017 19:32

Dr Arnab Basu the CEO here will be presenting at an Investor Forum hosted by Equity Development in London next Wednesday evening. Had an invitation but unfortunately unable to make it myself. Maybe places still available for anyone interested. Equity Development tel no 020 7065 2690.

[bookbroker] 10/1/2017 18:46

I am only being flippant, bought this stock soon after flotation, lost a bundle, a rather sad situation, again management keep talking up prospects, but still able to make a profit, and cash running out! Good technology, but simply unable to create real tangible returns!

[bookbroker] 10/1/2017 18:44

Timberrrr!

[trotterstrading] 10/1/2017 18:27

QP, we don't know when the bottom will be made but I'm comfortable buying at this level and below. I have a 6-12 month view that the share price will be multiples of 20p, therefore a further drop in the share price is irrelevant in the wider scheme of things

[quepassa] 10/1/2017 16:47

good luck.

but why top up when the price is constantly falling?

it doesn't look to me like it's bottomed yet judging by that dreadful-looking graph up the page.

QP

[trotterstrading] 10/1/2017 16:36

Topped up sub 20p happy with that. Patience all that is needed

[quepassa] 07/1/2017 03:45

Beware of falling in love with a share.

It may not love you back.

QP

[trotterstrading] 06/1/2017 23:44

Ali, I agree KMK has not been a great investment till now but there is a bottom. The double bounce off the 20p support leads me to think we have now seen it.The share price has been dragged down on thin volume and AMP selling shares to finance their own ongoing legal battle. Conversely KMK sales value, client and product mix has been increasing YoY, with a very healthy $30m+ order book giving good visibility through to 2019. The D3S continues to impress, with the largest test to date completed successfully in Washington at the end of 2016. KMK and DARPA have confirmed their intention to roll-out the D3S to cover several US cities during 2017, and countywide through 2018 and beyond. Let's be clear, if the roll-outs go ahead as planned (Trumps presidency makes it more likely than ever IMO) KMK are line for 00's $m in revenuesAnother exciting development is the new $1.6m ruggedised radiation detector contract with the US DTRA agency, which has the potential to become DARPA mkII.All of this without even talking about KMK progress with Spect or BMD.I really can't think of another AIM company with world leading technology, growing sales, rock solid IP, tier1 clients and such a broad product mix showing growth in all areas? All of this and a Mcap of less than £33m.. it's crazy cheap IMHOIm building a large position over coming weeks because I believe we are close to the tipping point, the next decent size contract will be the trigger for a significant share price re-rating. Load up now while the share price is low and it's quiet. When the herd arrives it's going to go crazy, quickly IMO.

[ali47fish] 06/1/2017 19:51

how can you beadding on no news - i am 60 pc down and the share price is for ever falling!

[shrewdmole] 06/1/2017 19:25

From a technical perspective that intraday drop to a double bottom at 20p was a huge buy signal so I added a couple of times today.

Delayed 80k buy showing too.

Sm

[trotterstrading] 06/1/2017 16:10

Added more today on the drop. Crazy cheap for world class disruptive tech. When the market finally wakes up to KMK the re-rate will be dramatic imo

[chrisdgb] 06/1/2017 08:08

Would surely be an obvious takeover for Smiths Group..........no brainer!?

[trotterstrading] 04/1/2017 17:30

Added a few more on the dip. Patience will be richly rewarded imo.

[chrisdgb] 29/12/2016 09:01

A classic stock to appear in some New Year buy lists..........

[culford] 22/12/2016 12:13

QP,
Its very quiet so fun to debate a stock. To respond on some of your points:

KMK is a spin out from Durham University that only started selling products a few years ago. Sales trebled in three years to April 2016. It has gone from start up to a significant player in three markets which is some achievement. The progression is never a straight line but their portion of revenues that is product sales rather than R&D undertaken for customers is steadily rising which is also a good indicator.

The DARPA system uses all those suppliers as it is a software and hardware monitoring system. KMK are sole provider of the handheld devices.

KMK have commercial relationships with US and UK governments and many of the leading medical OEMs. Its a fabulous achievement from a start up 10 years ago and its revenue growth in the past few years has been very high. Its partly because expectations have been so high that the market has been disappointed - however - it will get there as the products are world leading in huge areas, particularly nuclear detection and medical screening.

I agree that market will take some convincing but have bought some more today and am happy to be able to accumulate when there is so much evidence of the upside to come.

[quepassa] 22/12/2016 11:37

Culford,

Thank you for your response and I appreciate your points and detailed argument.

It's great that occasionally on advfn you can get proper debate without the normal rancour.

I still see big question marks over orders. And selling a line of handhelds doesn't for me translate into "world leading in huge global markets; nuclear, medical and security. Global medical OEMs are also using it increasingly."

The way you describe it makes Kromek sound like a truly global technology leader with $$billions in annual sales.

Let's please be realistic, it had a t/o of a microscopic £3.8m for six months. Your description of KMK and the cold reality of their sales figures don't sit well alongside one another.

I also note from your earlier link that DARPA were evaluating equipment not just from Kromek but also from

" Invincea Labs with 3Pillar Global, Eucleo, and Berkeley Applied Analytics; Kromek Group plc; TRX Systems Inc; Physical Sciences Inc. with Lawrence Berkeley National Laboratory; and Lawrence Livermore National Laboratory ".

So it would be fair to say that there is significant competition and that Kromek is not the only company capable of designing radiation detection equipment.


In my opinion, I think think there is still a long way to go before Kromek convinces that it can grow. The glossy story says one thing, the hard reality of actual sales and ongoing losses tell a different tale.


ALL IMO. DYOR.
QP