Kromek Share Discussion Threads

[trotterstrading] 25/1/2017 11:18

Ali. It's market mechanics mate. The city has walked the share price down when they got wind of large placing (selling shares to buy back later at lower price). At 20p the Mcap was a nonsense for company with over £30m in contracted sales and 85% visibility on FY expectations. The dead weight holding the share price down has now been removed. There will not be many selling at these levels as the shares went to sticky holders for the most part. I'm sure we will see big orders very soon which will see the share price re-rate.

[ali47fish] 25/1/2017 11:04

nobody know where the share price will be - it does not give an advantage to pay over the current share price- im not sure i can follow the resoning abovetools please explain more- thanks

[toolsmoker] 25/1/2017 10:42

The reason no discount is the price is so low when they started the presentations we was at almost 30p so the placing was at a 30 odd percent discount .the mkt got wind of this .we all know it will be walked back up to high 20s now i believe 28 to 30p with a few weeks

[ali47fish] 25/1/2017 10:40

the offer is useless without a discount- by the time the new shares are listed the price might go over 20p- i will not take part without a decent discount and i am glad i did not participate last time either- if i am misguided can someone explain please!

[chrisdgb] 25/1/2017 10:22

Buyers flexing their muscles now.......

[daz] 25/1/2017 10:20

It's in the RNS TT, you have to scroll down about 13 pages to find the table of director participation and the notes that follow. I can post if you can't find it but it will clutter the thread.

[aishah] 25/1/2017 10:17

proactiveinvestors:

The move will allow the company to fully benefit from a step change in the market for detectors, which is adopting CZT technology pioneered by Kromek.

The company believes it could tap into a “significant” market with its products, which can be used in homeland security, medicine and industry.

However it admitted there have been times during negotiations with potential customers where questions over its ability to deliver product in large quantities has delayed or even scuppered significant supply contracts.

Boosting its balance sheet in this way should help remove roadblocks with manufacturers and government that want to buy Kromek’s products.

[toolsmoker] 25/1/2017 10:10

#KMK all buys this morn. £20m cash in the bank. £36m contracted sales pipeline. New Blue Chip II's onboard. GBP/USD Ex.rate winner?bigfuture .lets see this 22p bid before close please

[trotterstrading] 25/1/2017 09:47

I shall grill the CEO on his lack of participation. It could be an awkward night for him.The NED stumping up big money for 7.5m shares is a massive vote of confidence though.Miton's big increase in stake is also welcome.Daz, where did you get that I info please?

[chimers] 25/1/2017 09:39

And yes you will get a rise up to poss 30p over the coming but then it will peak the weak new buyers will dump at 32-35 and it will settle back to 26-28p then the stronger rise will come.

[chimers] 25/1/2017 09:37

I did a quick in and out for a nice bunce last year.
I simply follow it with interest ,I may dip in again there are no rules preventing me ?

[toolsmoker] 25/1/2017 09:34

Chimers i undertsamd your anger if you have been invested from the begining i just see this a good opp for me to buy think we could see back into 30s pretty sharpish now

[chimers] 25/1/2017 09:32

To stay in the game.

[2niffy] 25/1/2017 09:28

Struggling to see why they need to raise as much as £20m. Concerned that Spiers and Milton now deemed to be related parties with combined holding of 27.8% (going over 30% would have triggered a takeover)and between them taking about 40% of placing, does that really indicate general institutional demand and increase liquidity? Cenkos interests not aligned with shareholders, the more they raise the higher their fees.

[chimers] 25/1/2017 09:23

Yeah I heard Warren Buffet will be there .................eh ?

Soz I picked it up wrong ...........there will be a Buffet.

[toolsmoker] 25/1/2017 09:20

Investor meeting tonight then a new influx of investors will arrive tomorrow once they hear the plans looks good entering at this price

[quepassa] 25/1/2017 08:55

The question for the house is the following.

Based on Kromek's track-record of losses, sales forecast misses, unfulfilled promises of jam tomorrow and several equity raisings.......


Can you trust them?


I know what I think.


ALL IMO. DYOR.
QP

[daz] 25/1/2017 08:55

It certainly is an eye watering placing and in hindsight it's now easy to see whay the company started doing so many presentations towards the end of last year.

It's plainly disappointing that the CEO isn't taking a single share in the placing, which is almost unheard of. However it's worth noting that the non-exec Graeme Speirs is taking 7.5m, which is significant in anyone's book and I'm also glad to see Miton taking on 31.25m, so around 40% will be in firm hands.

The market cap will rise to 50m with the new shares, so revenues are going to have to increase sharply to justify that valuation, so we'll have to see if the company can deliver.

[toolsmoker] 25/1/2017 08:38

This is the low now been held down for placing shares im moping them up

[trotterstrading] 25/1/2017 08:36

Agreed Chris. You don't raise £20m+ in this market unless your business is rock solid.Game on

[chrisdgb] 25/1/2017 08:31

Well, whatever has gone before, the backing of decent institutional investors, gives us a good base to rapidly grow from...

[chimers] 25/1/2017 08:22

The director buys are already in the RNS

[chimers] 25/1/2017 08:20

They needed the money to be able to stay in the game with the big lads .

[trotterstrading] 25/1/2017 08:18

QP. They don't really care about PI money.. that's clear from the measly allocation in the open offer.City Spivs knew this was coming and have walked the price down the get lower entry. It's a crooked system but it's all we've got. What I want to see now is meaningful director buys to shore up confidence.