Kromek Takeover Rumours (KMK)

Last comment by Simon Thompson of Investors Chronicle was on 28th October 2024 after the full year results. I'm looking forward to what he has to say about this transformational deal. https://www.investorschronicle.co.uk/content/4db8fbda-9d87-5e6c-bd01-1a447dbf7d42 SMALL COMPANIES & AIM There's value in these volatile shares It will turn cash flow positive in the current financial year and is also a takeover candidate Published on October 28, 2024 by Simon Thompson

With the siemens contract now in place valued only slightly below the current market cap this now derisks kmk as a takeover target.

The key next step now are the potential nuclear detection contracts from a potential share of the 84 million pound pot. We know that 2025 is now a guaranteed profit. If they can convert one of more deals from the framework 2026 will also be smashed out the park. To me they come across as quietly confident on getting some of these contracts as they are in a very small pool of approved providers. Also there is the takeover possibility. Rival Redlen was acquired for 290 million dollars by Canon (yes you read that right) back in 2021. A report by equity development in 2023 valued kmk at 26p a share based on the Redlen deal. https://www.equitydevelopment.co.uk/hubfs/Research/Kromek/Kromek%20Group%20%20%20%20%20%2019%20April%202023.pdf

ST predicts, "It will turn cash flow positive in the current financial year and is also a takeover candidate"