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Kromek

June 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • KMK
  • Price:
  • 21p
The shares moved higher despite Kromek saying Q4 orders were impacted by one government contract  because some subcontractors had been shut and were unable to supply peripheral components. Revenue for FY20 is therefore likely to be unchanged at £14.5m and EBITDA should be broadly at breakeven. Cash at the end of April is expected to be £5m on revised forecasts. The market’s eyes are, however, focussed on a contract with DARPA (research arm of US Dept. of Defense) to develop a ground-breaking vehicle-mounted biological-threat detector that can “consistently recognise COVID-19 and which according to one broker could have substantial benefits for many non military applications, such as city/shopping centres, spo ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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