Nanoco Share Discussion Threads

[kooba] 09/4/2024 12:42

Immediately post tender if fully subscribed the company will have £26m cash with 200m shares outstanding..13p cash per share against previous circa 18p cash per share. My understanding is the £3m on market share buyback can commence tomorrow but that has not been confirmed.
Will the organic business experience a significant rerating as a result of the cash distribution we will see over the next few weeks. But if one apportions the value attributed pre announced distribution mechanism across the smaller amount of shares in issue. Take 20p pre , 2p enterprise value on 324m share outstanding so £6.5m if you divide that by reduced shares in issue gives 3.25p on top of cash per share.
For the shares to remain at 21p the organic business would have to jump to £16m (8p per share) Stranger things have happened I guess.

[unglove] 09/4/2024 11:37

I am not sure of logic that Nanoco shares should be worth more after tender offer and buyback. If they were profitable or impending good news maybe. If market perceived that outlook was not good then they could be valued on residual cash which would provide a share price of 11.5p. Less than that would be cheap...

[weatherman] 08/4/2024 18:28

They will still have £23m left, so no reason to fall much when already cheap.

[and1] 08/4/2024 18:17

Yes probably go to 17p, maybe lower until better news comes. Thus worth selling at 24 and buy back at 17. But hey, markets are not rational.

[unglove] 08/4/2024 17:58

Tender offer is 38.5% of shares at 24p and then a smaller buyback. MC should halve to reflect expenditure. Approx 200m shares left with MC around £34m so you can do math as to likely share price. NAI DYOR etc.

[and1] 08/4/2024 13:56

If Nanoco uses its cash to buy back shares, the book value per share stays about the same, give or take. So expect the share price to remain around 21 or a bit lower in the near future until more news about company emerges. So use the proceeds at 24 to buy back at 21 or lower. Is my logic wrong?

[beeezzz] 06/4/2024 18:45

The ones who get lied to by the BOD, when you are part owner in a company you expect some respect, not treated like a mushroom....

[paul planet earth1] 06/4/2024 07:44

Colin Stein hiding behind a premium account so no one can see what it posts and where.

PURE 100% TW@T!

CoIin Stein
Member since: 15 Dec 2013

[coiin stein] 04/4/2024 20:07

𝟏𝟎𝟎% 𝐏𝐔𝐑𝐄 𝐔𝐍𝐀𝐃9828;𝐋Ү27;𝐄𝐑;𝐀𝐓𝐄𝐃 𝐏𝐑𝐎𝐉9812;𝐂Ү27;𝐈𝐎;𝐍 ...

[terrorwit] 04/4/2024 18:41

Triggered by the reference to the cretinous Hamoodi, Kooba leaps to the defence with yet another needless lecture to inform the his massed fan of his total knowledge and invincibility.

I've heard his Y fronts are worn on the outside.

[terrorwit] 04/4/2024 17:33

Barkboo

We had a whistleblower, his name was Hamoodi. When he blew his whistle at management it turned out his pea was as soggy as your Y fronts.

[septblues] 04/4/2024 17:24

TW - a quantum dot is 1.5 nanometer to 10 nanometer

a hair is 17000 nanometer to c 180000 nanometer

[blenny01] 04/4/2024 09:48

Thanks Woody33 - I almost missed it myself.

[woody33] 04/4/2024 09:16

blenny01 - Thankyou for highlighting the record date on II (today). If it wasn't for you I would have missed it. Cheers.

[septblues] 04/4/2024 07:46

SN - yes I should have said shares rather than shareholders

[supernumerary] 03/4/2024 20:03

No they didn't. Only holders of a relatively small number of shares voted at all, and most of them voted in favour, that's about all one knows with any certainty. The other thing one can say with some confidence is that the antis lack conviction, or diligence, or meaningful numbers of shares, or some combination thereof.

But it's all irrelevant anyway. The tender and buyback are going ahead, as we knew beforehand they would. Now we just have to wait patiently to see how the game plays out...

Edit: sept - we crossed, my post was obviously a reply to tw

[septblues] 03/4/2024 20:01

c 95% of c 35% of shareholders voted in favour

60+% didn't vote

[terrorwit] 03/4/2024 19:46

Shareholders voted massively in favour of the motions at the EGM so they do like it. Obvs.