Nanoco Share Price (NANO)

Yeah, I didn't recall whether anyone had already called out "ST’s new VD55G1 is sampling now, with volume production slated for March 2024" but presumed it must have all been covered before on this BB. Been researching specs of all ST sensors and possible end users / collaborations but not expecting to find "the answer".

Found some other stuff of interest, again could all be old news to you or this BB. Again, excuse the pun, trying to join up all the dots. Clearly lots of market potential even with gen1 sensors. Been going through iphone roadmaps, and how sensors behind the new punch hole design are being testing in iphone 16 but not expected to be included until iphone 17 in 2025.

Which got me thinking that gen2 dots won't be available by 2025 so maybe, just maybe, it could end up with sensors with gen1 dots in...

And then i got to thinking that I need some sleep.

Good luck with research..there is very little to work with so you likely know as much as anyone else. They have had one very small commercial order from STMicro involving two materials . We have no idea of the end customer or use…or for how much the first order was for cash wise. Marketing the sensors that have the materials in is entirely down to STM we have not been told the product that the materials are in but this seems likely..though does not mention nano materials or QDs in the spec. So we don’t even know the STM product for sure.

https://www.globenewswire.com/news-release/2023/12/07/2792565/0/en/STMicroelectronics-reveals-a-new-global-shutter-image-sensor-that-offers-high-resolution-in-a-compact-form-factor-and-low-power-consumption.html

So there is little to go on apart from the bullish guidance by the company and the cashflow breakeven targets and what that would have to mean in sales..which seems rather ambitious.

Be delighted if anyone can add any further detail but having tried I can’t get beyond totally relying on the company narrative and have no independent sources to collaborate what they say. Unfortunately while accepting decent upside from current levels if they deliver on latest guidance , there has been a habit of moving goalposts so it would be good to have something more concrete to support the latest targets. But as you know I am somewhat sceptical as I judge more on past delivery than future promises.

I'm certainly not suggesting they had any information prior to the tender that wasn't in the market. I just wonder if they are, excuse the pun, sensing some good mood music. The research I've been doing recently provides me with optimism but I can't put thoughts on paper yet and it might be nothing you don't already know. Anyone got any tea leaves?

I thought the timing of the initiation of coverage note from the new broker Cavendish who were appointed Dec last year odd as well as the PR push when in reality there was nothing much new to talk about , I thought their price target very generous as there is so little evidence of traction as yet , though their forecast post tender should be higher still as they obviously see far more value in the organic business than the market. Was it timed to cover backsides, don’t see why , directors were participating so pretty sure they are not working on any information not in the market. Might it have put some shareholders off selling ? Maybe , but sensible to treat shop targets with a pinch of salt .but if it did it enabled those that tendered their whole holding like LOAM to get more away at 24p than they might have I guess. I think there is a concerted effort to push the valuation up ..this seems mostly a vanity exercise as the company has never had 3/4 clear funding in place before and has no need to seek funding at all.

The only thing with the Cavendish note on orders is they forecast £8.4m FY to July 2024…this is against the £8.5m forecast by the company Oct 2023 before the first order so they are not factoring in any additional revenue above and beyond the R&d and Samsung contribution. So if anyone thinks there is nailed on business in the next few months it’s news to them too.

Troublesome

You are right, investing in Nanoco for so long has been a rollercoaster ride for us all and many times I've felt sick and wanted to get off.

I'll give you my honest opinion. I think BT is doing a good job. I think the Samsung payout was the right result for the company, but I wasn't happy about the communications in advance.... And, let's just say I really wasn't comfortable when ME sold his shares when he did.. So, I might be optimistic now - more than I've been for a long time - based on everything I'm hearing, but it's not blind faith and I'm prepared to be critical of the company at times.