KMK are small tech company and risky. However, they did a deal with a major OEM in April that the broker but a conservative npv of 9p/share on. The share price rose but the company then trashed the share price with a fund raising at 5p/share which was oversubscribed. Since then they’ve announced a couple more modest deals and the price has just traded in a tight range just above the funding price of 5p.
Some positive chart indicators but given how the price has just traded in a tight range I wouldn’t place much weight on the chart indicators at the moment. Essentially the company should have cash, should have a positive statement about the recent deals. Given that the company is in development and early commercialisation I doubt that there are massive expectations in terms of revenue so I think that there is decent scope for a positive earnings statement. It will be interesting to see whether the price picks up early in the week