Nanoco Share Price (NANO)

Hi Paul

The company has just over £1.7m left, of effectively ringfenced cash, for further share buybacks.

The SP has drifted on a declining volume of share trades. There was roughly £2.1m of trading between 19 - 21p (outside of company buyback) but only about £375k between 18 - 19p so far. It could be the company isn't as easily able to make purchases when there are fewer sellers without uplifting the SP (on the days there is increased buying from others)? One day recently the company bought back just £23k which was 68% of all trades on that day.

As for news, and as Barbon said, in terms of share buybacks at best price it would be better for the company not to release any news! But there are rules the company has to play within so if it's material news they will need to release a RNS.

In terms of what news could come along, it could be more material orders (but as mentioned before I don't think the company will have to notify non-material additional orders from ST) and the company has already said they expect more orders this year. Announcing a new joint partner would be good news and the company has said they anticipate that happening in the near future. They also indicated that the customer / partner would be display focused which indicate they are already courting that company... It would clearly be great to have irons in fires of both sensors and displays.

The cadmium clampdown in conjunction with our proven IP gives us some good new potential in display. Hearing that a major mobile phone provider wants to put the new ST sensors in their handsets is clearly the news we all want to hear but it's no longer about needing one single event as we aren't just working with one customer on one product.

When news does come along it should have more of a positive impact as there are now far fewer shares in issue.

Any thoughts on pausing of Buyback?

- Cash needed elsewhere?

- Material news coming?

- In a closed period?

- Just decided to take a pause?

While buy back proceeds it would be irrational to announce any news on commercial progress, unless it was of a nature where an announcement was obligatory. News that would affect the share price upwards would adversely affect the success or the cost of the buy back, so even if there were news of progress i would expect the company to be reluctant to announce it unless it had to.

Having said that there is a history of empty optimism, hopes being raised and then just left to fade with this company, and the general disappointment with the litigation result has taken most of the shine off. Transformational indeed. I just can't bear to crystallise the loss for the sake of a few thousand otherwise I'd sell.

They had £26m left after tender and will have £23m left after on market buyback.

So the post distribution numbers are £23m by 186m shares ..so a bit lower per share.

Heading towards the cash value of 15p based on £28m remaining cash and 185m shares once the share buyback is complete.