Leggie, something I've been following and the directors are keen to buy in. One of the twin plays is the Amphion (AMP), where the company holds 11.6% of the stock. Richard Morgan, Chairman of the Company, puts his toe in for 40K stock today... one didn't waste much time in notifying the market from 10:35 this morning to RNS before last notice. Something the market may acknowledge tomorrow tomorrow...
The Company is new to market, but at least is following best practice if they believe in the company etc..
Atb Fraser
Fraser- Hi. Yes, nice to see the directors sharing in the fortunes of the shareholders and adding a little too. I think the problem with KMK is that the IPO was a year too early- someone got greedy- the revenues were far too low and the anticipated turnover increase far too high for the execution to be simple, especially with the lumpy nature of their targeted multi year contracts. It looks like if they had signed that Chinese contract just a week earlier, the warning would have just been a note about the two other divisions and the market would have been reassured re the 4/14 year. Crazy really but its down as a blot against mgmt. now. They will get taken out by a bigger US player in due course- they have great tech, they have a competitive advantage but timeframes will always be an issue so they wont get an appropriate market rating in the UK now. Its a pity they did wait until they had some major contracts signed, the PE guys would have been able to sell at much higher price if they had just waited a year. Still it was a buying opportunity and it probably still is.
ReplyDeleteCheers.The Leggie