Nanoco Share Discussion Threads

[syd777] 07/10/2016 10:44

Shorts have not increased in anticipation of any major downfall,there might also be no rabbits coming out of the bag Tuesday,however the rabbit could be coming from DOW with the BIG S supply.OEMs will be encouraged to take a piece of the cake with lower upfront licence fees.

[perfect choice] 07/10/2016 10:41

Still on the side-line and even more so after today. But yes Bagpuss you are correct. This is a one-time licence agreement fee (so the cash is paid upfront and accounted for in cash flow), but as a revenue stream is accounted throughout the contract term. So the RNS actually tells us the upfront payments made by Wah Hong and Merck (assumes does not include any of original Dow upfront payment of 2M). The question I see is was this (a) an accounting error the auditors have highlighted, (b) a change in accounting policy Nano are now complying with (c) if not (b), then shouldn't this have been done with the original Dow payment as well?

This of course is purely the upfront payment only and applying revenue to the full contract term is actually common practice so am a little surprised of this. Where I come from, it is often for orders to be placed for IT implementation services across 2 years, so while a customer may actually pay upfront (if they decide to) for the 2 years work, as revenue it is spread across the 2 years as the work is completed.

This is of course only the upfront fee, Nano still receives it license royalty payment for actual supply which is the high value element of income. I notice a "certain poster" has not picked up on this!

So still watching and waiting for what is stated on the 11th.

[firminator1] 07/10/2016 10:21

Yes do not disagree that Nanoco need to pull the rabbit out of the hat on Tuesday to raise my enthusiasm. Will shall see but big pressure on thw boy Edelman early doors Tuesday !

[friendofslippery] 07/10/2016 10:16

This stock is displaying no signs of this bumper news on the 11th that people keep alluding to. Indeed, the share price has dropped over 20% in a matter of weeks. Lower and lower with previous little buying volume. Big news on the 11th? That's not what the market is telling us.

On the licence issue. Let's look at this. Nanoco is to receive less than 3 grand a week over 7 years!!!!! Upfront payment????? A hyperbole if I've ever heard one. LMAO.

3 grand a month won't even keep the lights on and pay for the hookers at this year's Xmas bash!!!

[firminator1] 07/10/2016 10:01

Good start to the day.! Longs will win out on this one. Surprised hit was not even worse to price. Good day for shorts. Fingers crossed for Tuesday bounce. I am looking at 2 years plus anyway so will surf this wave out

[onething] 07/10/2016 10:00

There is not a lot of buying interest now we have settled at this level. A close around here would be under the 60p support of July 18, on relatively high volume. However, chart interpretations mean nothing with the potential for completely unpredictable news in the next few days. If there was no update due on Tuesday the chart alone would not be indicating medium term joy.

[syd777] 07/10/2016 09:52

Slippy you will be gone by the late afternoon,I hope you are around for the webcast on Tuesday.Another fund raising at 40 slippy you can't get any more stupid.

[friendofslippery] 07/10/2016 09:45

Experienced investors understand that it's all about transparency and clear communication.

There are major red flags here and there have been for some time for those that care to identify them. For those that don't, bitter disappointed and financial catastrophe awaits.

[dessaix] 07/10/2016 09:33

Good to see Liberum Capital broker Buy recommendation with target still at 105.

[onething] 07/10/2016 09:33

Syd, these volumes are not accurate in that way for stocks that are traded by both Mms and by DMA. The reason is is that if you sell 50k shares this may be taken onto a MM's books and depicted as a sale (as a result of where the transaction price falls within the current spread), and then sold on to another party in one chunk or many lots at a higher price and when reported depicted as a buy or buys. In this case the volume is counted twice. However, for all transactions carried out using DMA these are person to person, there is one trade, the price is reported at only one level and this will be depicted either as a buy or sell depending on where it fell within the spread, despite the fact that it is simultaneously a buy and a sell, and as such the volume is only reported once. ie broker trades show twice the volume generally as DMA trades as they report both sides of the ultimate transaction separately. So you can't accurately marry up the colours that ADVFN arbitrarily flags trades with in the trade list. It is really only a guide of relative overall volume. It is much easier to judge movement of stock on a MM only stock, preferably with a low number of transactions. You can, in that case, read into a large sell leading to a Mm needing to sell on the balance.

[syd777] 07/10/2016 09:20

Around 300k sold v 200k brought 100k down wait for the close around 62.

[syd777] 07/10/2016 09:20

Around 300k sold v 200k brought 100k down wait for the close around 62.

[bagpuss67] 07/10/2016 09:10

A few have admitted to bailing shares on the RNS. Th thing with Nano is that I think there are a lot of leveraged holders with stops and when they all get triggered it can amplify th fall. Surely the underlying news re Merck remains as powerful as it was when it was announced despite the accounting bungling.

[jfacwc] 07/10/2016 09:00

my recent buys all show up as sells on the trades list...nothing like 'smoke and mirrors'.. this world is not for the faint hearted.

[onething] 07/10/2016 09:00

500k seems like quite a volume for the first hour. I think 9 to 10 will be key to telling where this is going today.

[syd777] 07/10/2016 08:57

I see panicking fools again,PIs falling for the trap,wait for G and H to buy in lolz.at the prices these agreements we're signed another 2 looks on the cards for the 11th.Watch the share price fly back up on this peanut volume.

[kenirogas] 07/10/2016 08:37

10%drop on just over 100k sells? Suggests PI panic to me. Just bought a few more...

[j777j] 07/10/2016 08:34

I am assuming the outlook statement for the coming 12 to 18 months is what is really important.

[jfacwc] 07/10/2016 08:26

have to agree margin.nothing has changed since those heady discussions of share price figures of over £1.00 a couple months ago.all this panic leads to good buying opportunities... just a question of timing.

[friendofslippery] 07/10/2016 08:24

Grahamhacker?

It's about clarity, confidence and credibility mate! Something that 'sound' investment decisions are built on.

[margincall1] 07/10/2016 08:22

I have seen this before...the board release the poor figures before they give the juicy news on web cam on results day.Get in quick!

[friendofslippery] 07/10/2016 08:21

Tanking big time 17% down and it's only 9.15

[grahamhacker] 07/10/2016 08:21

What it means is that £1.2m of the suggested £1.9m revenue (August RNS) will now go onto the balance sheet (deferred) not the P&L account. Extremely poor to change their accounting practise after the August RNS. Perhaps the auditors have said they were unhappy with the treatment. This means less than tiddly squat sales (£0.7m)