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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.
Where's TG2D these days ?
Missing his flair and imagination regards the future here - looks like many of his predictions just might becoming reality ATM.
S no buyback announced for yesterday and no print on the close tonight that indicates they were active today..yet.
There was an odd print from after hours last night in 515545 shares at 18.5p..but that would have had to be announced 7am this morning if it was them. So are they taking a breather on the buyback to let the stock settle having done about £1.3m of the £3m committed?
Buybacks have to be reported asp at latest pre open next day…so appears Nanoco did not buy any yesterday…one wonders if they are in the market today judging by how the shares are behaving?
Paid 18p for a few…hoping to replace position in value with over 30% more shares but not in great hurry so will try to pick up on weakness.
Maybe there is something in it after all and doing your homework ..rather than just saying that it’s nonsense and would just rally as there were no sellers and that some who put forward fact based cases targeting 17p knew nothing?? Just saying. Bought only 10% back of the 100% sold so far so patience seems to be a virtue. Hope not too many got panicked in by the supposed new reality at 23p. Might pop some limits in.
Difficult to work out what if anything they have done today.not normal pattern.
Yep sorry missed one days purchase in share tally not in cash. The cost will be higher than your figure once stamp and commission added so i think £1.297m is minimum spent so far . ..which equates to 20.66p per share.
Still might prove to have been rather generous when the company was paying over 23p in the market..around the time sales to cover director taxes were made.
Date Shares Ave Price Spent
11/04/2024 270,000 0.21200 £57,240.00
12/04/2024 70,000 0.21770 £15,239.00
15/04/2024 60,000 0.22800 £13,680.00
16/04/2024 426,439 0.23322 £99,454.10
17/04/2024 760,868 0.22757 £173,150.73
18/04/2024 468,639 0.21125 £98,999.99
19/04/2024 497,162 0.19913 £98,999.87
22/04/2024 490,137 0.20198 £98,999.83
23/04/2024 492,214 0.20113 £98,999.99
24/04/2024 496,427 0.19943 £98,999.95
25/04/2024 497,737 0.19890 £98,999.89
29/04/2024 253,783 0.19308 £48,999.91
30/04/2024 261,213 0.18950 £49,499.86
01/05/2024 257,812 0.19200 £49,499.90
02/05/2024 192,441 0.18930 £36,429.47
03/05/2024 258,447 0.19153 £49,499.84
07/05/2024 262,599 0.18850 £49,499.91
08/05/2024 262,510 0.18856 £49,499.94
Hi Kooba, I've been tracking this and as of yesterday I have:
£1,285,692,19 spent
6,278,428 shares acquired
£.20478 average price
So not as generous (which is good) and the average price is reducing as the price drifts down.
For anyone interested i think before today they have bought just over 6m share back for just under £1.3m for an average 21.23p…
They have reduced their purchase amount but still account for most of the buying on any given day..close to 50% ..but they seem to be drifting even with that support. It makes sense the company buys back as low as possible and not give an exit higher than necessary to those who want out. With an average 21.23p they already look to have been rather generous.
Nanonano you are posting on a thread called buy back print asking whether commenting on the share buyback prints is relevant.
In the absence of anything else not trolled over endlessly its about all there is to discuss…the fact we have no knowledge of what product its in or what end user /market there may be has been somewhat covered already.
If anyone has anything that throws any light on the detail of the promised commercial build up then please post.
@bachatanut. agree - endless possibilities for fpv drones and missiles with potential to instal relatively cheap sensors with performance close to that of indium gallium ****nide. i would like to know if nano is exploring those markets but if they are, would they let us know?
My understanding is that the product referred to by Nanoco is the chip now being marketed by STmicro. Producers of products for consumers now have to decide whether to use those chips. That is bound to take a little time and typically would first be used in high end, low volume products before reaching the mass market. Nigel Picketts, after years of not selling, took the recent opportunity to sell at 24p so I am not expecting any exciting announcements in the short term. Once the £3m share buyback programme is finished buyers may be in short supply. And there will always be holders who need, or decide, to sell.
Maybe LordWM knows something - bet he's adding more chunks ATM !
Does it matter?
Surely what's more important is the size of the market the company is operating in and where the tech is being used. Currently, we don't know either.
Well looks like the broker messed up the buy back print put it in at the wrong price then reversed it which has boosted the volume…should have just cancelled the trade and printed again…now it looks like painting the tape to make it look like there was more volume!
First paragraph should have said-
Until Nanoco can offer more information on the products its materials are being used in, or secure orders that can bring the company to a point of break-even (at minimum), I don't see this share breaking out beyond its present position.
Until Nanoco can offer more information on the products its materials are being used in, or secure orders that can bring the company to a point of break-even (at minimum).
They've been in a similar position ten years ago, with plenty of cash and lucrative contracts just on the horizon. The difference is that now they're pitching for the sensor market and they have sold some materials, but not a great amount. The company is smaller, along with its costs but the contracts it's pitching for are also smaller- remember back then they were talking volumes in the hundreds of millions of pounds.
The five year development cycle strikes me as arbitrary, dreamt up to manage expectations. The original Apple contract went through its development cycle in under two years, so if it's now extended it's probably a consequence of either greater challenges with Gen 2 materials or simply the companies involved aren't too pressed to throw more money at it.
I've been adding just now in a few chunks.
So 262599 @ 18.85p (£49500) done but seems to be a bit of selling after that print. Still a few sellers about it seems but no real pressure.
With regional wars now a reality and in some peoples', including my own, opinion global war now looming large over the horizon I would have thought all this SWIR/NIR infrared technology has the potential for huge military/weapons capability enhancement???
I'm not sure whether that's the case with the new fab.
Makes you wonder.
The thing is we have worked on the materials for 2 years plus earlier work ? and i would imagine that what the company produce is not immediately replicable and that they have sought to protect their methods and processes along the way so one would hope they are ahead of competitors in how they go about things after that time and are capable of producing consistent commercial volumes..as they have told us they have the capacity to do. Also as far as i am aware Nanoco do not have an exclusive agreement with STM so publicising their materials are being used by someone like STM would be an enormous plus in seeking other markets i would have thought.
Maybe the secrecy at Nanoco's request until they are able to step up to much larger scale production of consistent quality. i.e. 2 year optimisation period with STM and want to get well ahead re: competitors.
Of course, there's nothing stranger than fiction and the truth can be stranger than that !