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' I think it was a badly worded press release when they announced Apple had pulled the plug ………………...'
Not everyone has lost out as a result of the RNS eg CEO sold 1.6mil @ 45p prior to RNS and bought back in @12.7p afterwards.
Hi BtB & TLW
Don't think any chance of another dilution (hopefully BoD learnt from last time).
People keep talking of no revenue after 2019, but this is simply not true - see:
In particular the developments made with Wah Hong, Dow and Merck on pages 4 and 5. No contracts yet but can't be far away. This was all before Apple pulled out (which I think might not be a bad thing for nano, like their originally exclusive deal with Dow).
Big Backers like Loam, Deutsche Bank, and Edison still believe in nano and Apple has not deserted them. I think it was a badly worded press release when they announced Apple had pulled the plug (they haven't cos still talking) and think a Deal is still possible. Maybe that is why nobody has yet put a bid in? Don't argue with Apple! SoftBank (who bought Arm Holdings for £ 1.5B Bn from memory) and Samsung would love to get nano IP.
Investing is gambling and speculation, but at least you can increase your chances of doing well by only investing in companies that are clearly undervalued. CFQDots are the future, and nano better positioned than any other Coy to exploit this. Based on Man Uni general research (nano 750 patents now) as opposed to Samsung (150 patents incl QD Visions - for which they paid £75m - Display only).
Btw my other investments are in House builders, clearly undervalued simply by Per's. A collapse in House prices already built into the Sp, but Imho the most undervalued, psn should be double the current price. If a massive slump all they do is lay off subbies, sit on Land Bank and rely on > £1 Bn Cash until demand increases again (like they did in Banking crisis).
Incidentally, when I worked for Geo Wimpey house building was known as SB (Speculative Building) then changed to PD (Private Development). All is a guessing game?
Need to look at the other Board to see what my Guru NigWit is saying.
Thankyou for the compliments, but unfortunately I think you are confusing me with NigWit. He is on the other board, but unfortunately not here any more.
I am hoping for a lot more than 20p, but no idea when it will get there.
I wish I had your average hahaha. I think going bust is extremely unlikely. What's more likely is a £10m raise and given the current share price, they'd probably do it at 5p so add another 200m shares, which would hugely dilute shareholders and pretty much end all hope of break-even for long-term holders. This possibility is what keeps us here, but there is of course a chance of a further deal with Apple or another partner. Given the technology, I consider this to be reasonably likely, but this is pure speculation. I take confidence from LOAM's position. It's fascinating that they remain loaded up. They have confidence and I doubt that's unfounded.
I have been invested in Nanoco for a relatively short length of time. Since then, some of my best information about the company has come from you, and a few other long term investors on the advfn board. Thank you for your detailed contributions, and your helpful reply here.
My holding is relatively small in relation to my portfolios, but sufficient to generate a decent profit should the share price rise to my original target of 20p or above. I believe that Nanoco's IP alone will tempt a buyer into making an offer, and it would not surprise me if there aren't a few candidates already running a ruler over the company's assets, and assessing their future potential.
Like you, I intend to hold firm, despite the extreme volatility. Originally, I regarded this investment as something of a "punt". Despite the negative opinions of some contributors both here, and on advfn, I am by now slightly more confident about the profit potential of this investment.
Regards, and best wishes.
Given the worst possible case, nano runs out of cash and goes bust, there can be no doubt a company will buy them.
Current MrktCap £27m, I regard their IP alone worth several times that, let alone plant....
Predators must be lurking now and in the mean time what can ME say? In discussions with several companies negotiating price, but can't say anything until a firm offer is made.
In any event the company must be worth at least its assets value (whatever you value that at).
All but 1 of the shorters pulled out (Teton Capital 0.67%, down from 7.5%).
No way am I selling, BoL
Yes Nitro, and the same thing happened earlier this week on thin trading.
Hardly surprising. The bears seem to be having it all their own way for the time being. I maintain that there is a case to remain invested here, although others may take a diametrically opposite view.
Big swing in half a day +5% to -6%
You'll be lucky.
For whatever reason, we are where we are and as investors we seem to be treated with contempt by not receiving any update or clear message on the way forward. Maybe our BOD are waiting for the results of the EU ROHS exemption applications before treating us to a more positive outlook - no more weasel words or empty rhetoric please !!
I am sure Apple has changed its mind and fully anticipated using NANO for its iPhone camera. However, NANO’s full focus has been on the new factory and the partnership, so locked in they were in belief the order was coming. Leaving intent to one side that is the effect .
And as you suggest, no pipeline product that we know of and no income for NANO, which is well and truly stuffed presently. In my opinion, we should not underestimate Apple ‘s cunning either.
Advantama showing their ROHS compliant Cadmium Free Perovskite QDs.
They claim their QD's are better than Nanosys and working with their customers they 'hope' to ship starting next year 2020.
Really clarifies the slow time to market working with OEMs - 'the display industry is a fast-moving industry and in the end the reliability expectations from the display industries are really high so I think from first Test TV to the final commercial product it's a long way and I think that's what most companies are struggling with'
Aside from the ROHS exemption I think this has been the main stumbling block for Nanoco.
Also talks about the slow progress in the development for printed solar cells using QD's - 'market-wise' due to high cost and so cheap 'silicon based' solar cells.
Locked management in? Surely the reality is that the deal rescued Nanoco from years of an almost total dearth of income, to which they will return next calendar year (unless ME can pull another rabbit).
Nanoco's continuing failure to secure sustainable revenue existed long before the deal, we cannot retrospectively blame Apple for that. The suggestion that they entered into the deal with a two year plan to undermine and weaken Nanoco, to block them from other (imaginary) deals, and spent millions in order to reduce their market cap by a few millions doesn't seem credible or logical. It's much, much easier to believe that Apple just changed their mind for their own internal reasons, imo.
However, I do agree that Apple probably remain interested in Nanoco's IP, and wouldn't be at all surprised to see Nanoco staff leaving and re-emerging as Apple employees eventually. Perhaps an Apple office will suddenly pop up near Runcorn before too long?
To a predator, fear (ME's off-load) indicates weakness.
That’s one way to look at it bbd but their investment (loose change I agree) effectively locked NANO management in for 2 years and prevented them from expanding horizons elsewhere. It also made them almost entirely beholden to Apple, so just what any predator would wish for. NANO is now available at a significantly reduced market cap, again suiting the predator, penny pincher or not. Apple certainly has plenty of funds but they use them wisely and seek to reduce costs wherever possible, spending $m to secure long term cost reductions e.g Qualcomm.
Yes I am guessing but it would not surprise me at all if the Apple story is not over, despite believing that we should proceed on the basis it is.
Difficult to entertain the idea of Apple playing hardball - they paid for an entirely new factory then just wrote it off, as well as all the milestone payments: hardly compatible with the notion of a penny-pinching manipulative predator. Whether they find a future use for Nanoco materials now seems a matter of chance and fortune rather than necessity, but at least we are on their radar (not!). We can also hope that Nanoco's performance and heightened visibility attracts others, perhaps?
It might be wishful thinking on my part too jplay but I agree, Apple may not be leaving the scene entirely - NANO has so much in common with technology that is central to its future. Just possible it could be playing hardball and veiling a rather keen interest? Then again, you might expect it to have moved already, with both Sterling and the share price depressed.
Well I don't feel sorry for either Nigel or Mike.
My sympathies are with those who have invested their hard earned cash into this company and are still waiting for their hopes to be realised - that includes me.
Nigel is a doer, Mike a talker - no need for Mike if Nigel not there.
Have a look at Jap philosophy re this, Management is a service to enable/help the workers to do their jobs.
" I feel sorry for Nigel the most. " Mike has landed several huge deals over the years. Nigel just plays with materials in his lab, writes patents and hobnobs with Nobel prize winners. What has he ever done for us?
ME is on record as saying they were attracted by the skills and expertise that NANO possesses, which is good to know but unfortunately has not yet been converted to income stream - still hopeful.
Nothing at all. Don't overlook the fact that they came over to a small UK based company, when they had two other US based companies that claim to be able to make Cd-free QD's. So Nanoco must have something that elevates them above that competition.
What’s to stop apple using another companies QD’s? Are Nanocos special?