Nanoco Share Discussion Threads

[bagpuss67] 25/8/2017 08:20

No. I don't think they have been working on 10 actual programs (which I assume means real products) before?

[v11slr] 25/8/2017 08:17

Haven't NANO been 6-9 months from meaningful revenues for the last three years at least?

[bagpuss67] 25/8/2017 08:15

I don't believe the equity will allow themselves to be wiped out. It would be unpalatable for the II to reach into their pockets again but insane not to if nanoco are really 6-9 months off meaningful revenues. They should have stopped the excess spending and lunacy of a CEO on another continent ages ago though. I suspect they will this time as one of a number of conditions attached to the cash.

[zingaro] 25/8/2017 08:15

With a cash burn of £750k x 6 =£4.5m, yet to have only dropped from £8.3m to £5.7m in the half-year, implies revenues of £1.9m.

[boris cobaka] 25/8/2017 08:15

I guess the next game is to ponder on what price the placing.
At the mo 20p looks favourite.

[davemac3] 25/8/2017 08:12

what are 80 staff doing if they are not making or selling cfqds?

[hannath] 25/8/2017 08:12

Was hoping for more on sales .... and the obvious thing is they are burning through 750k a month and will therefore run out of money at the end of March. So like I stated earlier in the week, I am expecting a cash call at 20p or below if the share price can hold the high 20's otherwise lower.

[boris cobaka] 25/8/2017 08:06

No sadly the market knows they're gonna be rattling the ol' tin....

They would very simply have given us some t/o numbers. They haven't, in fact there's not even a mention of it. That in itself is quite damning.

[mr.oz] 25/8/2017 08:01

KM, I'm with you.
I think we get a feel for the revenue or WH order value if you look at overheads versus cash reduction in 6m

[mrplay] 25/8/2017 07:58

What are the chances IFA will have nanoco for tv.

[davr0s] 25/8/2017 07:55

Not with that cash burn and current profit generation. They ain't going to survive without a cash injection unless miracles happen and all the CEOs plans all happen straight away. There is nothing in this RNS about revenue let alone where profits going to come from. Think I'll remain on the sidelines

[kmann] 25/8/2017 07:54

No cash call needed by he looks of it, revenues to increase, costs down and fixed. Future growth is guranteed imo All converging for a re-rate.

[mrplay] 25/8/2017 07:54

Yeah until ME gets his bonus

[syd7777] 25/8/2017 07:45

£5.7 million cash balance to end of July compared to £8.3 31st January .A very healthy CASH balance!

[davemac3] 25/8/2017 07:37

4 we are trying to save money to stop us going bust

[onething] 25/8/2017 07:36

Sadly that trading update (neither an update nor much about trading) was in line with expectations.

[mr.oz] 25/8/2017 07:34

I'm fairly comfortable with this.
There's a tone of confidence.
I'm very interested in Samsung now

[trt] 25/8/2017 07:26

Worth adding to ones holding at these levels.

[mrplay] 25/8/2017 07:19

We have all been tricked. Slippy is right. They have no update. Just a RNS stating wait. Mike has to go. 2017 and still no further forward.

[boris cobaka] 25/8/2017 07:19

Hmm the last paragraph under the outlook heading explains much. Two words 'more slowly'
Some might say understatement applies here.
Now we know why the dumping - some peeps knew what was coming which totally stinks. They can't even tell us the value of that first order.

So the big question now is will they run out of money.
750k a month so roughly 7 months cash at the mo since the fig was at end July.
Not only do they need orders fast but they need favourable payment terms. 90 days might be a problem.
No word of the rebate either which would have helped.

With no indication of value of first order and no new orders confirmed yet the odds on another funding have shortened considerably.

[mrplay] 25/8/2017 07:11

£5.7 million at 31 July 2017

[kobanaman] 24/8/2017 23:13

Overhyped trash.

[syd7777] 24/8/2017 22:59

The offloading by any major IIs for whatever reasons,has only helped short positions.The risk of a cash call with maybe £3.8 million in the bank,while Orders is small for now, the situation might change.The delays on a trading update has played a great part.Meanwhile the 4.3% short position is still low compared to above 7%.😜