Nanoco Share Discussion Threads

[paul planet earth1] 28/3/2024 14:17

Kooba

Putin would be proud of that result democracy in action..

[warranty] 28/3/2024 13:57

Well I haven’t a scooby what to do. My average is 50p and I don’t expect to see that for years, if ever so might as well do nothing and stick them in the bottom draw again.

[kooba] 28/3/2024 13:40

Pretty overwhelmingly in favour though a lowish turnout as usual ..not surprised they don’t canvass pi’s they get it voted through with about a third of the shares in favour.
Less in favour of the adjustment in incentive terms but not much in it.

[kooba] 28/3/2024 13:25

Any ideas on the levels..just out of interest?

[hashertu] 28/3/2024 13:20

Both resolutions passed.

[jfacwc] 28/3/2024 11:17

Fat Frankif you hold on to your shares, does this mean your % holding in the company will increase? Whatever that means.I Presume it means the share price should be higher (??) in which case why tender the shares for 24p now? or does it simply mean higher than the original 19p value.Bit confused.

[kooba] 28/3/2024 10:18

Listened to the presentation and there is nothing much new to be fair ..expecting maybe some more low volume production orders before the end of the FY..but nothing seems factored into the research estimates which just take the Samsung accounting and circa £2.5m from the r&d work. Difficult to work out the exact value of the first order but must be in the very low £100k’s mark.Much talk about the fab that might speed up R&D Work and that they got $10m of equipment on the cheap..though didn’t say what was spent..looking at cash position figure it is $3m. Also huge talk about the hedge gain..very odd..if they had hedged when they knew they had the money coming in early Feb 2023 they would have done better.
Only questions were very friendly as from paid for houses Cavendish and Edison. One question was when current work programmes for Gen 2 materials with STM and Asian customer could lead to orders..similar time lines..2 year development programme then 6-9 months scaling up..so could hope to see orders CY2026.
So most focus on medium term delivery of value against short term increase in opex and capex. Current cash burn rate moved up to £300/400k per month for pre settlement £100k.
Slightly difficult to see how they get to cash flow break even in CY2025 on the basis of this, as they are not currently expecting any mass orders for the gen 1 products and have only had the one very small order back in mid Nov last year. Hopefully orders will build but no signs short term as of yet.

[pj84] 28/3/2024 09:59

lordmason thanks, I looked on that page, well hidden in the archive section at the bottom of that page!

[millwallfan] 28/3/2024 09:56

Anyone going to or at the meeting today who can update here before RNS ??

[millwallfan] 28/3/2024 09:11

PJ84. Thank you. As most seem to believe the Tender will deffo go ahead I’ll do some calculations today to establish what might be best for me. I’m in the very fortunate position of having an average of 22p so I guess it probably comes down to my level of faith in the future company performance and share price and timeline, and also the post tender lowest price ( do I buy back in ???). If the share price falls to 12p and I buy back all the shares I tendered then I guess for me it’s the same as getting a 12p dividend AND I’ll hold a bigger % of the company. Hope I’ve got that right 😂

[kooba] 28/3/2024 09:01

Many thanks had looked on there but not to the bottom of the page !

[lordmason] 28/3/2024 08:14

Bottom of this page hxxps://www.nanocotechnologies.com/investors/results-centre/

[kooba] 28/3/2024 07:26

Thanks..what page on the company website is the link on ?
It all needs an overhaul as much is out of date in some areas.

[lordmason] 28/3/2024 07:01

It was there, just difficult to find, the website could do with some work to make more usable. Here’s a link hxxps://stream.brrmedia.co.uk/broadcast/65e897af3daa0a7143649cac/6604a50469e11fcf8fc17a20

[pj84] 28/3/2024 00:48

From todays RNS

"Webcast for sell side analysts

A conference call and webcast for sell side analysts will be held at 10:00am (UK time) this morning (27 March 2024):

A recording of the webcast will also be made available on Nanoco's website later today at www.nanocotechnologies.com"

I still can't see any recording of the webcast on the website!

[pj84] 28/3/2024 00:42

millwallfan the following is from the timetable in the circular:-

General Meeting 10.00 a.m. on 28 March 2024

Announcement of the results of the General Meeting 28 March 2024

Latest time and date for receipt of Tender Forms and share
certificates or other documents of title for tendered certificated
Ordinary Shares (i.e. close of the Tender Offer) 1.00 p.m. on 9 April 2024

Latest time and date for settlement of TTE Instructions for
tendered uncertificated Ordinary Shares (i.e. close of the Tender
Offer) 1.00 p.m. on 9 April 2024

Record Date for the Tender Offer 6.00 p.m. on 9 April 2024

Announcement of the results of the Tender Offer 11 April 2024

Unconditional Date for the Tender Offer and purchase of
Ordinary Shares under the Tender Offer 12 April 2024

CREST accounts credited with unsuccessfully tendered
uncertificated Ordinary Shares by 25 April 2024

CREST accounts credited in respect of Tender Offer proceeds for
uncertificated Ordinary Shares by 25 April 2024

Cheques despatched in respect of Tender Offer proceeds for
certificated Ordinary Shares by 25 April 2024

Return of share certificates in respect of unsuccessful tenders of
certificated Ordinary Shares by 25 April 2024

Despatch of balance share certificates in respect of unsold
Ordinary Shares in certificated form by 25 April 2024

[barkbooo] 27/3/2024 19:50

Frank - NANO are at least talking now ..several investors friends have had their question addressed….albeit swerving several points.

Whilst that is better - I think it is probably been forced….and the management now realise they are treading a fine line.

[kooba] 27/3/2024 19:18

It is possible to believe that the company could flourish under a refreshed executive management team that has more relative experience in progressing technology and can build a better relationship with the shareholders. As it is the shares have very little enterprise value for the unrealised prospects so even if you do not trust the management or think they are doing the best job the valuation already reflects the that view and the disappointment with current progress so the risk reward does not justify dumping at these levels. No body though needs to explain to you the reasons for holding but wanting better delivery and to say they do makes you the idiot. Glad i could help. Chin chin.

[terrorwit] 27/3/2024 18:30

Fat Frank

"Whilst I understand the point you make regarding my holding it is still the case that if I take up this offer I will be selling at a lot less than my purchase price."

------------

This is not the right way to look at things at all. The position is more sophisticated. Think of it this way. Whilst taking up the tender offer may look and feel like selling shares at a loss that's only because you're considering them as numerical holding. If instead you consider your holding as a proportion of the business you are not selling anything. You are being given 24p cash for 38% that will then be taken out of circulation altogether. Afterwards you will still own the same proportion, or share, of the business as before.

It's more useful to think of declining the tender as buying more shares at 24p or subsidising those who accept the offer.

This is why I expect all the institutions to take up the offer and for it to be fully subscribed.

Hope this explains.

_________


Others

I don't need to justify my opinions. I trust the company guidance and the directors. (This should be obvious because otherwise I would not be invested.) I don't need to give any more reasons than those they already provided in the company's RNS announcements and presentations all of which seem professional to me.

What you need to do is explain why you're invested even though you don't trust the company although to my mind this is the very definition of financial idiocy so I don't think there's another explanation - unless it's that deep down you do trust them.

[fat frank] 27/3/2024 17:41

Kooba you are right but I doubt any recent purchasers would have any where near my holding and would simply sell after the inevitable price fall afterwards and end up with little profit. I would have been able to realise substantial cash and retain my holding. The tender offer does not afford me the guaranteed 25% profit that those who simply made a speculative buy at 20p will get

You also have to take into account that I have a continuing belief in the technology and the future for Nanoco. Hopefully this will be under different management.

[paul planet earth1] 27/3/2024 17:34

Good points on the tender 24p being well below what many holders average share price is as well as being well below the 37p placement.

Personally I suggested a 40p tender but that might of rewarded newer investors the same for taking no risk versus LTH's.

My average is much lower so have more of a buffer to play with.

[kooba] 27/3/2024 17:29

Fat Frank good points well made…though of course a special divi of 10p would have been paid to whoever held on the ex date whether long or short term.
But i think your point of being forced to take losses to participate fair..you might be able to replace at a lower level and get the same holding and take some cash out which might take the sting out of it !!

[bones699] 27/3/2024 17:27

No more simple than little old me on Angle Plc..Been invested there for donkeys years got f@@k all out of it except a free t shirt with 'sucker' written on it and a free mug with the word 'mug' on it..Just realised I'm going to have to break into the kids savings banks for the next impending cash placement, cee ya!