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Logic will get you from A to B
Imagination will take you everywhere.
Nothing wrong with imagination and creativity IM0.
Something sadly lacking with many businesses.
LordWM
If commercial orders are announced in the next few weeks while the buy back is still on going then serious questions would be asked as to why tge Board was withholding oricecsensitive information regarding finalising commercial contracts while trying to buy hack as many shares as feasible...a massive red flag which would trigger a formal FCA investigation of the Board!
Think about it you may have just sold your shares through the buy back at 24p and a commercial deal is announced sending the share price rocketing up!
Would you have tendered your shares had you known this information was in the pipeline I think not!
NGR1616
Once your into July/August most European companies close down for the long holiday season with all the decision makers away till September!
Hence unlikely to get any commercial news of deals signed till the Autumn.
Well there you have it Tariq tried to exit completely I don't blame him actually having been stitched up like the rest of us but still a damming indictment of the failure of the management team...
It looks like a huge disconnect emerging between reaching 'cash breakeven' next year as guided by BT and the Board and the harsh reality that the numbers just don't stack up...The Caversham revenue forecasts as shared by the Board show revenues flat for the first half of next year and those in the know like LOAM trying to exit completely and dump their shares!
Things just don't add up with BT and the guidance provided to investors!
Personally I think we are months away from any commercial news, if any that is worth announcing, come back in six month's time might be a better option after the dust has settled following the share buy back!
At this rate there will be 185,661,861 shares in issue, plus 13,762,222 in treasury (£2,443,236 to go at an average of £0.21807 paid so far).
At £0.20 PPS with £23m in cash, that will be just under £15m enterprise value for the business.
Looks like he has sold over and above the tender.
He has gone from 13.084,542 to 3,376,183.
So that looks like a 75% drop in the holding
Likely tendered whole holding ..then depends on where the shares held as to what was accepted i guess. Or has sold further shares post tender. Still has a 3.37m shares.
TG2D ive tried to resist asking…..but what on earth are you going on about regarding Europe and holidays?
So Hamoodi tendered then.
Agreed!
I can't see there being anything meaningful announced this close to the tender offer concluding and the buyback still underway.
At this rate, the buyback will cover the treasury shares and we'll be at just under 200m shares in total.
The question is what happens then? Is commercial order news expected over the next few weeks?
As of Friday:
2,553,108 shares purchased in approx one week
£556,763.69 spent (18.56% of £3m)
£0.21807 average price paid
SP has dropped a little, still plenty to go to prop it up.
At this rate the £3m buyback should be complete in around 5 weeks from commencement - Friday 17th May.
Call it just under 200m with employee share benefits.
The question is whether there is £40m of value here.
Well possibly with £23m cash +IP +Runcorn +Business.
Runcorn was expanded. I don't know about the leasing arrangement, but Nanoco and Apple have put lots into it, which Nanoco own.
It's likely to be worth at least £10m.
£7m for IP and the business seems ridiculous, but it's unproven.
IF value from the business can become clearer, there's potential for Nanoco shares to rise.
I'm back to hold, I don't think 16-17p will be realized.
Kooba
A further complication is that the £3m gets used up be end May possible early June just when most of Europe start going on their summer holidays, July August being peak season.
Re the buy back , If they complete the buyback at current levels averaging say just above 21p then they get to buy back 14m shares for the £3m reducing the shares outstanding to 186m but the cash then falls to £23m or 12.3p per share. It really is about the commercial delivery knowing whether paying that premium now makes sense or not ..time will tell.But when it gets close to using up the £3m committed it will be interesting to see if new EV levels hold up or revert to pre tender market value equivalent levels.
Troublesome..it’s all a conspiracy i tell thee..I got to the office early today just to delete any Charty posts..LOL.
Anyway happy Earth Day for all the cruisers and non cruisers, the overconfident and the slightly more pessimistic with life experience.
One day there may be some real details of how the materials are to gain commercial traction so we can discuss the guidance given in more detail.
Good to see our 3m being spent at such a low price, the more we can buy and cancel at these prices the better. Good to spend the lot now before we release the good news later this summer instead of drip feeding the 3 m over the whole year.
Seems charty's message from the Maldives has been removed - not for sheer embarassment surely !
Wonder if he's still smiling or grimacing instead ?
Seems charty's message from the Maldives has been removed - wonder why ?
Not sure whether he'll keep smiling or be grimacing instead.
It wouldn't surprise me if LOAM agreed the floor price for the £3m 'on market' buy back so that they extracted as much cash at the highest share price at retail investors expense stuck watching the share price decline to mid teens if not lower as there is only the £23m cash remaining to support it!
Another £100k burnt through at 19.91p allowing LOAM to dump shares and extract more cash in doing so!
Mmmm
Situational irony or downright hypocrisy !
What about 21 Best Jesse Livermore quotes for traders :
https://traderlion.com/quotes/jesse-livermore-quotes/