Nanoco Share Discussion Threads

[terrorwit] 12/4/2024 16:52

This is because the company has our agreement to buy back shares at prices up to 5% above the most recent independent purchase price. Consequently, the price will rise to at least 24p because no-one will want to sell at less (otherwise they would have taken the tender offer).

In my view it's likely to go on an upward streak at least until the buy back is complete and possibly indefinitely.

[katsy] 12/4/2024 16:28

As if by magic the offer is now 24p.

[terrorwit] 12/4/2024 16:25

"Those numbers look lovely, but do not in themselves represent how much each shareholder will benefit, when no one knows where the share price will land afterwards, and thus what the value of the remaining un-tendered shares will be."

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This ignorant remark just goes to show how unfit you are to be on the Stock market without professional advice since no-one ever knows where any share price will be next.

[twatcher] 12/4/2024 15:42

"Yes, I can.
38.5% x 24p = 9.24p per share. (A)
£3million by back at 22p = 1p per share (with circa 300 million shares in circulation).(B)
Total (A+B) = 10.24p per share returned.
No wonder you guys are always complaining. You can't do even simple maths. Idiots."

Those numbers look lovely, but do not in themselves represent how much each shareholder will benefit, when no one knows where the share price will land afterwards, and thus what the value of the remaining un-tendered shares will be.

But then again terrorwit landed on this forum out of nowhere on the 4th of March, posts on no other thread but this one, and always includes some disparaging remarks, so I guess I'll pay his posts all the attention that they deserve.

[terrorwit] 12/4/2024 14:25

It's Cavendish settling the tender you lamebrain.

[wheeze] 12/4/2024 14:12

I would have thought that impossible- only 324 million shares in issue ?

[johnyee 7] 12/4/2024 14:01

125 million buy at 24p

[terrorwit] 12/4/2024 13:28

"I would have thought any buy back would have waited until those that tendered got their unsold shares back, clearly not."

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There's nothing stopping anyone buying more shares at this price except themselves. It's yet more blame-shifting from irresponsible fools.


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Call me a clown all you like, you can't fault my maths.

[jph] 12/4/2024 12:06

Clown.Smoke and mirrors.Dividend, as implied by Nano, would have been simpler, cheaper & more transparent. And 10-12p real return.The more complex anything is, the bigger the shafting intended.

[noccer] 12/4/2024 11:38

23.6p to buy right now (was 23.8 earlier). Maybe the company share buyback is going to send the price over 24p, in which case the tender offer looks less then generous. I would have thought any buy back would have waited until those that tendered got their unsold shares back, clearly not.

[terrorwit] 12/4/2024 11:36

"Can somebody explain how that is “returning 10 to 12 p per share to shareholders”?"

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Yes, I can.

38.5% x 24p = 9.24p per share. (A)

£3million by back at 22p = 1p per share (with circa 300 million shares in circulation).(B)

Total (A+B) = 10.24p per share returned.

No wonder you guys are always complaining. You can't do even simple maths. Idiots.

[jfacwc] 12/4/2024 10:11

If the share price exceeds 24p at least we have 2/3 (or more) of our holdings getting a good price. And the strategy has worked.Plus 1/3 at a better price than it was.If less than 24p we have the option to buy more (using our new cash) at the lower price, so making a profit.Dont see a problem with that.First time nano has paid out anyway.Also good prospects ahead.

[katsy] 12/4/2024 08:58

So will BT now start an aggressive buyback campaign between now and the 25th, so that the share price is higher than 24p. So anybody waiting for that cash to re-invest will be shafted again.

[barkbooo] 12/4/2024 08:42

I told you all this - and almost all shot me down!

“ BARKBOOO20 Apr '23 - 10:08 - 33399 of 39248 Edit
0 0 3
The market is way ahead of the game BT is playing here - with the 50mil supposedly coming ..we are being valued at a minus…..we will never see a penny with him around!”

12 months later - we have never seen that penny….just offered a risky gamble that could easily backfire!

I would not take any gamble BT offered.

[weatherman] 11/4/2024 21:21

The 10-12p was related to a hypothetical payout of a special dividend. They decided instead to go for a tender offer. Admittedly, one may wonder about the wisdom of dangling a carrot and then giving out a turnip. But it was the IIs call, all 30odd% of them who were asked. For small investors it feels the same as selling in the market. But if you hold, with fewer shares in issue, any future rise will be better. If you tendered at 24p, you can now buy back at 22p - whoopy doo.

I may reinvest the funds from the tendered shares once the price settles down.

[twatcher] 11/4/2024 21:14

restorer,

Explain to me how allowing me to give them part of my holding (which I could sell for 21p per share), in return for giving me 24p, is "returning capital between 10p and 12p per share".

At the very most they are giving me 3p for SOME of my shares.

[restorer] 11/4/2024 18:22

It's simply not true people have been shafted by this. If you tendered 38% you get the cash. Then the company are cancelling the shares so you still hold the same percentage of the company as you had before and you have the cash. Yes the market cap may drop by the cash amount but that would have happened with a dividend too. If the company do go on and become commercially successful, the share price will rise higher because of the cancelled shares

[rp] 11/4/2024 16:41

Have to wonder how much Cavendish are extracting from the company i.e. us for these services.
Just left feeling mugged by Tenner and co. and disgusted with commitments to shareholders not met.

[twatcher] 11/4/2024 16:27

"The Capital Reduction will facilitate the previously announced return of capital to Shareholders of between GBP33 million and GBP40 million (or approximately 10 pence to 12 pence per share) using the second tranche of the proceeds of the Samsung litigation ($75 million) which is expected to be received during February 2024. No decision has yet been taken as to the method of any such return of capital."


As someone else asked earlier, how is giving the company a share worth 21-22p in return for 24p, returning 10-12p per share back to shareholders ?, and then it is only some shares, not all.

Not only is a participate getting only 2-3p per share for part of their holding, they are also surrending that part of their holding.

So when all the dust is settled, if the share price drops as a result of the corporate action, then everyone, including those that participated will be worse off overall, and if by some magic the share price increases, those that participated will be worse off compare to those that did not (because they have less shares)

Scratches head.

[pejaten] 11/4/2024 13:51

Depends who your broker is. If someone like HL, they aggregate your shares with those of other accounts, so the amount you get could be more than stated if other customers have not taken up their entitlement. If a full service broker your shares are normally designated to you only so you get what the announcement says

[twatcher] 11/4/2024 10:34

"It also says CREST accounts credited, that will be your ISA. I should think cheques are only for those who physically hold paper share certificates,m and sent them in."

Dunno how I missed that sentence, but I see it now, makes much more sense, thanks.

[noccer] 11/4/2024 10:29

It also says CREST accounts credited, that will be your ISA. I should think cheques are only for those who physically hold paper share certificates,m and sent them in.