It will be interesting to see what happens to KMK

KMK a major deal for its technology in April and the shares rose sharply only for the company to then announce a fund raising at 5p/share and open offer. I didn’t hold before mid April so it didn’t affect me but it annoys me when companies trash their own share price by doing a heavily discounted placing that isn’t open to existing shareholders and the open offer to existing shareholders was just a token gesture. That aside, the placing and open offer are now complete (the open offer being 363% oversubscribed). It will now be interesting to see where the share price goes and whether there is more news.

Edit: the broker note that followed the April deal valued the deal with a conservative NPV of 9p/share assuming modest market penetration