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To be down at 12p suggests to me either no deal or they want to get the SP as low as possible to make a 40% or so premium look good all speculation of course but there is always a reason for the SP to be where it is and those banding about 50p buy out really dream on....and I've been here for a long time even if they sort a deal out we will be very very lucky to get a 40% premium.
100% premium from here. Think about it . 40%. Wont even get their foot in the door. You seriously think 16.8 is the buyout level .
At least 24.99p
Even that it too low in my honest opinion. Most shareholders have bought in at 33p or higher.
They won't won't to sell for less. logic evades you on this one.
Agreed. Common sense dictates that there is no big offer in the pipeline. Despite the high degree of opacity associated with the bid-process, it would make more sense to see the share price at the early November level (15 - 16p) if there was a slight hint of optimism regarding the bid price. A bid price of 15-20p seems reasonable, when one considers the size of the company, and the fact that its biggest asset (its intellectual property) is as yet an unproven quantity in the QD market.
I am impressed with the quality of information relating to Nanoco's products' potential applications on this board, but, as yet, there is no direct evidence relating to their suitability to that market. My comments lean on the pessimistic side as I have always been a realist, and my judgements are based on available information. Naturally, as an investor, I would be delighted to be proven wrong, but, as yet, I have seen nothing to change my point of view.
Pessimism and realism are not the same thing
I never said that they were but one can be prompted by the other, as in my case with this stock.
those in SXX didn't want to sell for 5.5p those in FLYBE didn't want to sell I can name many many more
Could not agree more although I hope are wrong and we get a daft offer....but remember it could just as easily go the other way and we get no offer then we are in the SH**
Was thinking that the potential sale and value may be a bit more complicated than we imagine . Collectively the iis own 60% of the shares. 3 of them have quite big holdings. They may well be the ones calling the shots here, not the BOD. Can’t see them being happy with some low ball offer and suffering big losses. Any potential offer is going to have to satisfy them. Would imagine their averages could be considerably higher than the 20p_25p per share range I was thinking of for any sale.
Anyone else seeing 5 Rns alerts but not showing anything. The sp went to 0PB for 5 minutes. Maybe Lse went crazy or news is coming
A glitch in the matrix I think. Only one RNS (the usual from Peel Hunt) showing on ADVFN.
You may well be right BTB - seems some are losing patience or looking for comfort in others positive posts.
In a sense, everything is realistic and an optimist tends to create his own reality and some have faith not wanting to know what is true - time discovers truth.
GLA
I'm just watching and waiting. Been on this ride now for almost four years, can wait a bit longer. I expect the majority of LTH's are the same. Seems to be mainly ticked off ex-holders and shorter term holders who've bought in since the big fall in June that are speculating, presumably wondering if they should pocket a small profit now, or wait for a potentially much larger one, or possibly lose out.
Surely shorting could be very dangerous. If a bid goes through at 50p what happens to the shorter. Hopefully they get £uc&3d
jplay......are you being an optimist or am I dreaming?
2 (or more) offers were made for nano before they were even up for sale. Imho these offers must have been considerably more than the Sp (guesstimate 50 +), and either they are still on the table or have been increased since.
Other than that Sp is totally meaningless - it all depends on how the bidders value the Ip.
After due diligence, the initial offers could be withdrawn as everybody realises Ip worthless, or Offer of $1Bn +, if it is the bees knees, infers Sp of 5 to 300+.
Not very helpful, so just have to wait and see. I don't expect any news until Deal done, and hope we don't hear anything until then, cos don't want to be tempted into selling any.
Nige W
Where did you get the information that 2 or more offers were previously made? Forgive my ignorance, I've never become aware of this. And, if true, why do you think the price would be higher now when the company wants (and needs) to sell than it would have been at a time when the company had no need to, and presumably a significant revenue stream or strong promise of?
Hi Warren
This is simply from memory, imagine it was in a RNS some time ago, (can anyone confirm?)
Nano doesn't need to sell and has had no problems raising capital in the past. Now they have some revenue (while raising money previously with no income), and main backer Loam still there.
As I said the price will depend on the value of the Ip. Not only that Samsung might want to deny the Chinese CFQD's to decrease competition, and / or eliminate risk of copyright infringement and / or dominate the world in nano tech.
Much the same applies to Apple, but they also invested £20 m + in the nano factory which they won't want to see taken over by Chinese, Samsung or anyone else.
Also, all the interested companies have seen nano patents so have a pretty good idea what they are bidding for, so I don't think Ip is worthless.
Nothing like sxx takeover and I remain optimistic.
BoL
Nige_W, warren1907.
From the RNS issued by Nanoco on December 20, confirming the interest shown in the bid-process by more than one party. The document is carefully worded so as not to give shareholders any significant new information.
"Update on Formal Sale Process
On 5 November 2019, Nanoco announced that it was undertaking a review of all the strategic options for the Company, including, but not limited to, a potential sale of the Company through a formal sale process, as referred to in Note 2 on Rule 6 of the City Code on Takeovers and Mergers (the "Code").
The Company confirms that it has engaged with multiple interested parties as part of the formal sale process. Potential buyers wishing to participate in the formal sale process were required to sign a non-disclosure agreement, after which they received further information on the Company. A number of interested parties have submitted non-binding proposals to Evercore, for the Board's consideration. The Board has reviewed the proposals and is now inviting certain of those parties to engage in further due diligence and detailed discussions about the sale of the Company."
Nige W - thanks for the response and good luck.
TLW - I was referring more to more than one alleged bid in a period before the company was formally put up for sale, which I believe Nige's original point
warren1907.
There are a number of articles from seven years ago, when Nanoco's share price was rising rapidly. These state that major companies were set on adopting Nanoco's technology in their products, with a significant increase to Nanoco's revenues. There may have been some M&A interest shown at the time but I can find no reference to this.
From an article dated 23 January, 2013:
" A case in point is Nanoco which yesterday rocketed more than 21 per cent, or 23.5p, to 133.25p after announcing a transformational global licensing agreement with Dow Electronic Materials, a business unit of Dow Chemicals.
Nanoco, which was spun out of research pursued at Manchester University, has signed a deal which gives Dow exclusive worldwide rights for the manufacture, marketing and sale of Nanoco’s cadmium-free quantum dots for use in electronic displays.
Nanoco has developed a new form of light-emitting crystals, known as quantum dots, which can be used to produce ultra-thin televisions.
Liberum Capital lifted its target price to 260p from 160p on news of the deal.The broker regards the high royalty bearing agreement as a game changer for Nanoco.
Major potential customers like Samsung and LG are likely to move much faster in adopting Nanoco’s quantum dot technology in their displays. It forecasts revenues of £7.8m in 2014, rising to £140m in 2017.
Entrepreneur Richard Griffiths’ Ora Capital sits on 18.8 per cent of Nanoco and also owns 28 per cent of Ceres Power, 0.1p easier at 8.85p. Along with 29.9 per cent holder IP2IPO, it helped rescue the clean technology group in November when it piled in for stock at a penny a pop in a £3.3m fund-raising. They are already looking at a nice paper profit on their investment but there apparently is a lot more to come. They are confident that the company which was spun out of Imperial College in 2011 and floated on AIM in 2009, is over the worst and is destined for greater things.
New management was brought in at the time of the fund-raising and the decision was made to switch from developing fuel cell boilers for the UK domestic market to licensing its technology. "
How times, and Nanoco's valuation have changed since then. I know have a clearer idea as to why some long term holders of Nanoco stock have a higher valuation of a potential bid-process price than my own. Regards.
Personally my recollection of bids/offers prior to the formal sale process announcement is different and NigeW himself admits its from "memory".
Had this been the case I'm sure we'd have made reference to it repeatedly.
TLW
Indeed, and that was precisely my point - I don't understand the logic that any new bids would at least match anything previous when the company is in a much less promising position than it almost ever has been. For what it's worth, I hope I'm completely wrong and we all make a fortune.
Never been any inkling of sale in the years I've held, until the 'Guy fawkes' RNS.
I could not agree more...that was yesterday this is today oh and by the way the market is forward looking, again I hope I am wrong and that NANO go for stupid money and make us all rich....but I will be shocked if its over 20p and see 30-40% premium max. on todays price, (that's f its sold) as I said the market is forward looking and we are sitting at circa 12p says it all really.
Was wondering if anyone was managing to take advantage of these 5% + swings ?
Maybe too risky and don't have enough spare cash myself.