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Kromek

November 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:
  • 12.25p
Kromek has some great technology with its CZT detectors but  habitually seems to manage the market’s expectations poorly. For instance, it trumpeted a medical contract back in April 2014 worth “up to US$159m over seven years.” That seems to have come to little and even more recent similarly lumpy wins (medical equipment US$58.1m over 7 years in January 2019 and ventilators subsequently) seem to be falling by the wayside as customers delay call offs. Perhaps I am unkind and it is COVID-19 related but I’m not sure. As it was, having seen H1 sales +43%, overall for the year they emerged down 10% to £14.5m upon which it has reported a loss before exceptionals of £5.2m. Kromek has been unable to provid ...

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