Kromek Share Discussion Threads

[chimers] 01/5/2018 14:23

Oooo errr..........

"According to their accounting notes, Kromek decided to amortize their development costs in a straight-line over 2-15 years rather than product sales. The problem is the range. In 2017, amortization expense amounts to £748k, equivalent to 11 years. But by 2018, amortization expense expects to rise to a minimum of £862k (using 15 years), but be closer to £1.2m (using 11 years amortization rate).

Investors should question the range because, at such a wide range, management has saved themselves from scrutiny. For instance, if management decides to accelerate amortization to 2.1 years, the amortization expense will jump from £748k to over £6m causing a heavy accounting loss. And management would be within their rights to do so. By then, Kromek’s valuation would have collapsed.

Just something investors should think about!"

[walbrock82] 01/5/2018 14:19

Looking at Kromek, I see their business is growing and will likely break even on EBITDA as forecasted, but on an EBIT basis, you will have to wait beyond 2020. Meanwhile, development costs (capitalised expenses) have risen to £11.6m in 2017 and will rise further. The question investor should ask: “Will the company’s valuation and share price survive when cash balance starts to fall?”

On that basis, I’m leaning towards that the share price remains under pressure because of the amount of time it will make a profit.
For more on Kromek and a look at Connect Group, click

[chimers] 01/5/2018 11:54

Really?

Whats "pathetic" about being a professional investor who changes tack with the wind?

I thought all successful investors did that?

I mean, I know you dont.............but the successful ones do yes?

[jacks13] 01/5/2018 11:49

Oh, dear. Pathetic.

[chimers] 01/5/2018 11:48

That post was from Oct 2017.
Then things changed for BANGO.

And not for the good.

Only novice investors fall in love with shares.

Hit them first before they hit you!!

I change my opinions on a shares on a daily basis dependent on new information.

Dont you?


Well...............






































YOU SHOULD!!

[chimers] 01/5/2018 11:36

I'll tick em up later, these windows won't clean themselves!!...........

[chimers] 01/5/2018 11:34

Yeah I just sent Tracy from accounts out for a kebab shall I get you anything?

Some humble pie mebbes?

[jacks13] 01/5/2018 11:33

Anyway, can't spend the whole morning entertaining you and your mates, so toodle pip.

[chimers] 01/5/2018 11:28

Its as if nothing you say matters and EVERYTHING I say does...........whoda thunk it.

[chimers] 01/5/2018 11:27

Bango is trading WELL BELOW the £1.80 I said it would sink too as it happens.
I fully expect it to hit £1

Hurting much?

[jacks13] 01/5/2018 11:24

I was going to ask you how your hot tip Bango was getting on, but thought better of it. Let sleeping dogs lie, and all that.

[chimers] 01/5/2018 11:22

The Tshirt is still full price.

[jacks13] 01/5/2018 11:21

Chimers, I've given you a thumbs up for that. It's the first time I've done that, (and almost certainly the last).

[chimers] 01/5/2018 11:16

No we fired thon sycophantic prik years ago.

Its a burden ..........sigh

[jacks13] 01/5/2018 11:14

I take it you're also in the office.

[archway1] 01/5/2018 11:12

Though to be honest you have gone a fair way to helping him!!

[chimers] 01/5/2018 11:09

ONLY 3!!? where are you all ???

[jacks13] 01/5/2018 11:08

Chimers, speaking of 3 to 1, I notice that within a minute or so of every one of your posts they are blessed with three thumbs ups. How very odd. Are there four of you in the office?

[chimers] 01/5/2018 11:06

Not as bad as your having!!

10p soon

Next................