Nanoco Share Discussion Threads

[fat frank] 02/4/2024 12:03

rp - I'm with you.

I have 400k shares that I have amassed over the last 5 years at a weighted average similar to your own. I did not take up the tender offer.

My target price is 40p.

I still believe in the technology but will be looking now for likeminded pressure groups to force a Management change

[rp] 02/4/2024 11:50

Addendum
All the guff about share of the company owned, future prospects etc. is no more than noise at present.

[rp] 02/4/2024 11:48

Let's try expressing this another way
I have 15000 shares at weighted average price of 27.4p
Cost of these shares was £4110
I sell 5700 shares (38%) at 24p realising £1368
I'm left with 9300 shares which I need to sell at 29.48p to realise £2742 and to finally break even and be left with no shares.
Ignores dealing costs, value of time.
Simples.

[fat frank] 02/4/2024 11:29

My favourite bit is when he says 'Therefore you crystalise a profit of £92.40'

Made me laugh

[fat frank] 02/4/2024 11:27

From TerrorWit: 'You bought 1000 shares @ 37p = £370

You tender 38% for 24p = a dividend of £92.40 and

the tendered shares are cancelled so the 62% you retain represent the same share of the whole business

You have no idea what the retained shares will be worth in the future just as you have no idea before tender.

Therefore you crystalise a profit of £92.40 and keep your original 37p per share investment intact.

Got it yet?'

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

OK 1000 shares at 37p = £370 but value now £210. You tender 38% (380 shares) at 24p and receive £91.20



Your remaining holding (620) @.21p = £130.02 but cost you (£370 - £91.20) £278.80



So £370 gets you £221.41 (£130.02 + £91.20) a LOSS of £148.59 or 40%.



Your holding cost you £279 (£370 - £91) and may be the same proportional share of the company but the share price will need to rise to 45p to break even (620 x 45p = £279)



If I had kept my original holding of 1000 I would now have £450 instead of just my original £370



Got it yet???

[rp] 02/4/2024 11:21

Tenner quotes my ADVFN board question about returning shareholder value verbatim and tells me I can sell my shares (at a loss) for more than the current market price. Thanks for nothing.

[rp] 02/4/2024 11:19

We can but hope that the new Chairman will be a good judge of the fitness for office of the current CEO.

[terrorwit] 02/4/2024 09:02

You're an idiot.

[paul planet earth1] 01/4/2024 22:46

Stick with the subject material attempts at diversionary tactics hold no substance or merit..

Such utter waffle the question was very simple and revolves around investors who supported the 37p placement two years ago now face a material loss something you deliberately choose to misrepresent.

[terrorwit] 01/4/2024 22:19

That's just silly. No-one from Nanoco has ever lied to us but you have misinterpreted what they've said because you're completely unequipped to deal on the stock market due to having no legal or business experience. We know this from how you often complain that the RNS announcements, which are written with clarity by legal experts, are ambiguous. Then, when inevitably, things have not worked out as you imagined they would your own cognitive dissonance has caused you to think you're being lied to.

You don't know what will happen after the distribution, you are just guessing.

And you have proved yet again that all you want is a fast buck and that you are not genuinely interested in anything deeper.

[paul planet earth1] 01/4/2024 20:05

But its not profit it's cash taken out of the business which until Nanoco deliver anything commercially material won't get replaced and its gone forever!

The share price sinks post buy back and your stuck with shares in a business two years away from generating anything material, and that's if you believe the clap trap coming out of Brian's mouth because his track record to date is that he habitually lies to investors!

Got it!

[terrorwit] 01/4/2024 19:00

You bought 1000 shares @ 37p = £370

You tender 38% for 24p = a dividend of £92.40 and

the tendered shares are cancelled so the 62% you retain represent the same share of the whole business

You have no idea what the retained shares will be worth in the future just as you have no idea before tender.

Therefore you crystalise a profit of £92.40 and keep your original 37p per share investment intact.

Got it yet?

[beeezzz] 01/4/2024 18:56

Its a toss up between holding a larger share of a badly run company or taking a loss at 24p....Decisions decisions....

I'd say thicker...

[bones699] 01/4/2024 17:52

Lol TerrorWit as thick as pig sh@t!

[paul planet earth1] 01/4/2024 17:48

You bought 1000 shares at 37p £370

You get 38.5% at 24p so £92.40 back.

You now have 61.5% at sub 20p that's £123.

Now your total cash and shares = £215.4 your down £154.6 or 41.7% ffs!!!!

[terrorwit] 01/4/2024 17:27

Once the tendered shares are cancelled the residual holding represents the same total share of the business therefore no loss is crystalised and there's a profit of 24p per share on 38% of the holding.

Alternatively you can see not tendering shares as being the same as buying more shares at 24p.

Obviously you don't get it but no-one will be surprised at that.

You have to decide when to cyrstalise the rest of the holding by selling it but until you do you don't know whether you've gained or lost on it. Same as before.

[bones699] 01/4/2024 17:03

Go on TerrorWit do some maths show how an investor is better off...

[paul planet earth1] 01/4/2024 16:53

Guess simple maths doesn't work with you.

37p less 24p = 13p loss

If I've still got 61.5% holding but share price crashes sub 21p which most likely in the weeks following 25th April it will....Guess what another loss!!

No pretence simple FINANCIAL FACT!

[terrorwit] 01/4/2024 15:46

No-one loses anything by taking the 24p. Their interest in the company stays exactly the same. It's effectively free money, or as close as you can get.

I really don't get the obsession with the 37p placing. The price was above the market price and participants would not have expected a risk-free guarantee that the shares would never fall. Every stock experiences falls as well as rises, everyone knows that would be a stupid concept. What did you want? A placing at a price lower than the market? How you all would have howled at that!

That you seem to want to pretend otherwise proves your ulterior motive is to distract attention away from your own incompetence.

[paul planet earth1] 01/4/2024 11:10

Here's a great investment opportunity.

Give me 37p now and in 2 years time I might give you back only 38.5% of your original capital for 24p sound good, lol!

Better off sticking the cash in a low interest bank savings account, less risk, better returns!

[jph] 01/4/2024 08:10

Clown, I will buy as many lots of 37p as you wish to sell me. I will pay you 24p per lot.How many will you sell me?Oh, but you must wait 2 years for the 24p. Seems fair to me.

[bushbat] 31/3/2024 21:41

Terrorwit
Ah but the price drops to 13p after so where is the gain ?

[terrorwit] 31/3/2024 16:15

That's not right. Placing at 37p (which was just above the market price at the time) get 24p for 38% now and keep the same share of the business.

Why do you find it so necessary to misrepresent things?

[bones699] 31/3/2024 15:40

Yeh right 37p placing get 24p back!

Placing in 2022 two years later only get 64% of orginal capital back great return for 'time value of money'!

And no gratitude from the Board to retail investors support without which the likes of fat lying Brian wouldn't even be in a job ffs!

[terrorwit] 31/3/2024 15:10

No-one's been shafted by the board. On the contrary, they're just about to give every holder 24p per share without diluting their holdings one iota.