Nanoco Share Discussion Threads

[bagpuss67] 16/5/2018 07:47

Has anyone totted up the total amount of pay, benefits and sharesales by ME and compared it the total amount of losses he has made or better the cash put in by shareholders! Shocking to take such reward ahead of any tangible results.

Brendan Cummins chairs the remuneration comittee and as a non exec took the best part of 250k shares in the 18p placing. I wonder if he’s cashed in too

[petepitstop] 16/5/2018 07:33

He has made several calls for other's cash and he keeps selling for cash. It is disgraceful behaviour.

[mr.oz] 16/5/2018 07:06

Haha. I am assuming those who can laugh aren't as emotionally tied to the company?

[boris cobaka] 16/5/2018 05:58

co. should change it's name to Wonga.
Payday loan anyone?

[nowenterprise] 16/5/2018 01:06

ref . all the points in previous posts regarding why ME selling isn't necessarily an ominous sign. We're all entitled to our opinions etc.

[howl01] 16/5/2018 00:50

Nowenterprise - A CEO has a responsibility to act in the best interest of shareholders. As a private investor I have no such responsibility.

[howl01] 16/5/2018 00:34

MR negative's thoughts:
1) We've been here before with both TCL and Philips themselves claiming use of cadmium free film and demoing (commercial never happened).
2) Nvidia monitors suffering long delays - not due to Nvidia as was suggested on these boards - but due to panel production issues with AUO - could well point to problems with film.
3) Total silence on display sales from Nanoco who seem not to be too shy on releasing positive news. First sales to WH were reported and yet no report of follow up sales? (Nothing to do with NDAs)
4) WH share price reacted positively to announcement of partnership and yet supposed sales to one of the largest panel manufacturers in the world have not impacted the current price which is at near year lows?
5) Nanosys have the history behind them with AUO and note Samsung still license IP from them in relation to the production of film lamination/encapsulation. If Samsung with all their resources have not found a way to circumvent this maybe it's not so simple or at least not without infringement.
6) Current recruitment is due to cost cutting measures, of which production bore the brunt. Production lost most of its dedicated and experienced staff (incl the production manager himself) and given the level of compensation offered and stability of the company, will be replaced with recent graduates, unproven, inexperienced and not necessarily commited to the company. Given the stage of commercialisation not exactly ideal and not an example of how a well run company operates, especially given the heavy management suite which aren't proving their worth.
7) ME's latest sale cannot be good for obvious reasons other than his removal (fingers have been crossed a long time for that one).
I kept a relatively small investment but will have my finger on the sell button tomorrow if things really look ready to plunge.

[nowenterprise] 15/5/2018 23:24

It's funny how we can accuse someone else of being self-serving when everyone here, whether trading or investing, is only ever doing it for self-serving purposes.

[bagpuss67] 15/5/2018 22:04

Only possible hope is that he’s selling because he’s been binned

[bagpuss67] 15/5/2018 22:04

Unbelievable

[notimpressed] 15/5/2018 21:32

nano is pretty much a niche business, and as such
it would be difficult to find people with the requisite
grasp on the technology capable of running the show.
ME's main failing by his own admission is over optimistic
timelines to commercial production. However given the
developments since february, those expectations are
getting closer to being fulfilled. the plant expansion is real,
wah hong are real, dow are real, though they are not
yet living up to expectations regarding sales, again
down to the hysteresis in end user product development.
Cut through the fog and hysteria to enable a view of the
bigger picture

[rochdae] 15/5/2018 21:19

ME has form in selling. It doesn't reflect the future of the company though imo. Would be concerned if Pickett or even Wiggins sold. ME will be awarded more options in due course anyway. Share price accelerated towards the close after the news.

AUO panels coming to market, Dow, Merck or the many other commercial areas can have a positive impact on the share price at any time. Now up 150% from the lows..

[petepitstop] 15/5/2018 20:19

What is the situation if he drops below the level mentioned? I am quite sure there is somebody more than capable of managing the company. Confidence is still badly required and these sales do not help.

[ih_332411] 15/5/2018 20:02

A CEO selling shares definitely isn't a positive, but it is not necessarily a negative. He should be measured on the company performance versus the plan, not the number of shares he owns.

And from the Annual Report- "Both Dr Michael Edelman and Dr Nigel Pickett hold shares substantially in excess of the shareholding guideline (607% and 2,378%
of salary respectively using the three-month average closing share price to the end of July 2017)."

[notimpressed] 15/5/2018 19:48

whatever his motivation for selling, the fact
remains that slowly but surely the business is
coming together towards commercial viability
under his stewardship. To call for his dismissal is
counter productive.

[petepitstop] 15/5/2018 19:26

Time for him to go.

[mr.oz] 15/5/2018 19:13

Err
1.3million sold in 2013
At £1.63

[stun12] 15/5/2018 19:09

Boris, the sale was announced during market hours, so any impact should already be in the price. Also, see above by ih that he bought a modest 43k in the 18p placement.

Not that I approve of the CEO selling, but facts are facts...

[boris cobaka] 15/5/2018 18:56

notimp - of course.

[ih_332411] 15/5/2018 18:44

Historically he sold 380,000 @ 40.75 on 22/12/16 and 1,357,025 @ 44.20 on 17/11/15. He may have actually delayed this latest sale as the share price was in the 20's during Nov/Dec/Jan.

In terms of the 18p buy on 15/11/17 it was a fairly modest of 43K shares, especially relative to Blain's 139K, Wiggins' 56K, Richards' 167K, and Pickett's 167K.

[rochdae] 15/5/2018 18:27

Good day despite the sale. Up 6%. Selling last weeks looking like a rash decision. Attack on 50p coming in quick time imo.

[notimpressed] 15/5/2018 18:13

boris, post 16695, are the 2 missing letters "lo"

[v11slr] 15/5/2018 17:31

He doesn't seem to have much faith in the future of the company, just cashing in when he can.