Nanoco Share Discussion Threads

[terrorwit] 02/7/2024 20:42

As an occasional freelance journalist since I was a student I can assure you that people who publish things never allow any interference with their editorial decisions and that you are a spout of dribble, as usual.

And the directors' interview you mention was conducted before the buyback as was self-evident from the comments it contained.

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Nothing much has happened today other than a slight delay in a small order. If you read the Edison report it states that order is due this calendar year so if, unlike me, you think they have inside information that's checked by the company you have nothing to worry about.

Too many drama queens in this stock either way.

[kooba] 02/7/2024 16:58

The company knew nothing about the Edison report coming out last week even though the ceo and cfo featured in an interview on it with an Edison analyst ! The company pay Edison and should proof check research as it is defined as marketing material produced for the company for distribution to retail investors.The timing of the very upbeat note with some punchy valuation levels must be rather embarrassing i would imagine. The shares responded strongly to the note on multiples of normal volume as retail bought..not great.

[chilom] 02/7/2024 16:43

Well the market disagrees and has nano down almost 24% and we all know your feelings on mr market being correct at all times. So how will you square that circle from the comfort of your almost mortgage free subtropical buy to let?

[terrorwit] 02/7/2024 16:30

From the RNS today no-one can say anything other than STM have sufficient Gen1 materials until the end of the month. Everything else that has been written on this forum today is a guess.

The Edison report is not generated by Nanoco. It's generated by Edison without access to inside information.

[fat frank] 02/7/2024 14:21

My post from previous week:

"Fat Frank25 Jun '24 - 21:39 - 39776 of 39873 Edit

Before I go:

@weatherman25 Jun '24 - 18:58 - 39765 of 39775

The Edison report is very comprehensive.'

Yes it is, and I'm sure it will be printed out on glossy paper.

But be careful, this is a paid for report generated by Nanoco with information provided by them. Similar reports are commissioned in the Oil & Gas sector by Hannam to boost up a company's profile - these reports are often a smokescreen for bad news in the pipeline.

What serious investors want/need from Nanoco is solid orders. My biggest fear here is that the Tech sector moves very rapidly - I still believe that Nanoco have a good product but they need to act now and profit from it as there will be a game changer around the corner.

Remember Betamax?????"

What value do you give the Edison Report now?????

[nigelpm] 02/7/2024 10:31

You can paint a bright picture if you want but the market reaction is not with you.

Far from it - I haven't painted a bright picture at all - not sure what you are referencing?

[supernumerary] 02/7/2024 10:20

The one certainty amongst all this speculation is that Cavendish now have the opportunity to take a lot of shares out of circulation, very cheaply, which must be good for the long term share price

[twatcher] 02/7/2024 10:09

you need to read exactly what was written

"Following customer dialogue, the Group no longer expects to receive a further production order for its validated first generation sensing products during FY24.

The Group is working with its customer to understand the range of possible outcomes and any potential impact on Nanoco beyond the end of the financial year. The Group expects to issue a further update with the full year results in October.

The Group continues with some small-scale commercial engagements for customers interested in display materials, although no new anchor customer has been signed at this time."

1) NANO expected an order during FY24, it no longer expects the order. What it doesn't say or imply is that the order has been pushed back or delayed. The existing order isn't happening when they thought it would and they do not feel they can say that it WILL be happening.

2) "no NEW anchor customer". That is suggestive to me that at this time they no longer consider STM an anchor customer. Otherwise surely it would have said "no additional anchor customer"

[and1] 02/7/2024 10:08

This company does not know how to communicate.What I see is that first generation is phasing out, second generation is ongoing and they are looking for more customers to expand further. A bit of over reaction in share price due to bad communication. Good opportunity for Nanoco (and others) for share buy(back)

[kooba] 02/7/2024 10:05

It was a typo ..i am fully aware of the year end..i had just been looking at another company who updated on the period to end June 24...so a rare mistake yes. Apologies.However the timing of this update relative to guidance in the market for the calendar year is very odd. They were forecasting Further Gen 1 orders this Calendar year not FY..so the warning now is odd...the revenue figure for this FY is covered by Samsung the r&d programmes alone..so they were not even factoring in further orders..but are still going to fall short.You can paint a bright picture if you want but the market reaction is not with you.

[paul planet earth1] 02/7/2024 09:59

So glad I sold up and exited under the 24p buy back just followed LOAM's example..future prospects here now very uncertain, current Board and mgt team unreliable and untrustworthy, more members near retirement, no incentive to grow the business, future prospects look grim as remaining cash gets slowly burned through then what sold off if a buyer can be found at a pittance or a rights issue in a few years time to keep the lights on when the cash runs out!

[nigelpm] 02/7/2024 09:47

It's not a "small error" - it completely changes the context of everything you wrote.

[cinoib] 02/7/2024 09:41

LOOKS TO ME LIKE i WAS RIGHT JUST TO WATCH AND WAIT AS IT NEVER SEEMS TO GET TO WHERE IT WAS WHEN IT FIRST CAME TO MARKET OR WHEN SAMSUNG WAS BEATEN, OR SHOULD THAT BE A SMACK ON THE HAND.

[nigelpm] 02/7/2024 09:39

Deary me Kooba who writes -

"You think they realised they would miss current year forecast today do you when the year end was 30th June?? If you think this came a surprise today then the FD is totally incompetent."

- your ability to read isn't good. Year end is 31 July - I'd give this up if I were you - reading clearly not for you.

[kooba] 02/7/2024 09:36

Great way of getting the volume up to buy shares on the cheap from disappointed pi's having held off for so long for no apparent reason ! This company games its own shareholders.

[barkbooo] 02/7/2024 09:35

Kooba - “So how it has fallen below £8.2m is not clear.” Nothing is ever clear with BT.

[katsy] 02/7/2024 09:34

hows your ICON and UKOG shares Kemche?

[kemche] 02/7/2024 09:25

Its a typical example of how small shareholders have come to demonise management more and more in this grinding small cap bear market, thinking, as katsy clearly does, that it represents some kind of elevated thinking to be relentlessly cynical all the time. It isn't. It's witless, ahistorical and deadly dull.

[kooba] 02/7/2024 09:25

Might see LOAM buy some back now this is out in the open.

[kooba] 02/7/2024 09:22

£6m samsung accounting£2.2m development work programmes.So how it has fallen below £8.2m is not clear.Interest should be treated separately but there must be a big chunk of it having sat on the cash for as long as possible. The cash position at £20m down from the retained £23m at the time of tender is disappointing too. They have got through a chunk of cash above and beyond guided burn rate.

[harkes15] 02/7/2024 09:21

I have no previous incarnation. I get that there is now increased uncertainty with regards to future orders. But there aren't many companies issuing trading statements at the moment without uncertainty looking ahead.This company does not have to fund raise for the foreseeable future and is continuing to invest. Therefore I disagree with Mr Market and think a 30 percent drop is unwarranted.

[katsy] 02/7/2024 09:17

"The consensus revenue forecast is £8.35m"

I bet most of that is bank interest