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I suspect the poll is not representative…..people with an axe to grind are often the most vocal
Thanks Mr N. Consistent results then and now, even if based on limited data.
If those results are representative, it does not look like too many will be tendering.
Who knows T, some might not give an honest answer but truthful old me voted the same way twice - 0% tendered.
Interestingly we are up nearly 5% this morning (so far) so the gap is narrowing.
I am living in hope of unexpected and good news that blows the current ceiling off the SP. Wake me up in 18 months🤣
Surveymonkey is showing me results of 25 only out of a rotal of 55 answers! It is trying to get me to pay the annual fee to get all the results 😡
The site I used previously was better and showed everyone all the results. Tempted to repeat the poll on previous website!
Results of 25 only revealed:
2 tendered all holding
3 tendered 38.5%
15 did not tender any
5 tendered a different amount
This is close to the previous poll results.
If the total of tendered shares is worth less than 30mil then the company will be buying more shares on the open market, hopefully driving the share price significantly higher. This is only if my assumption is true, that institutional investors who advised and voted on the tender offer did not take it up themselves but want to increase their relative holdings.
Or changed their mind or were lying first time around !
What conclusions could be drawn from the survey given the results of the previous one i.e. majority not happy with the proposal and didn't intend to tender - apart from maybe they were lying !
Mr_Nakhla, I expect that you will release the outcome from your Survey Monkey on this Board in the next couple of days?
I was quite late to the party so my average price was only 18.4p so it was a good deal for me. I just doubled up on my investment meaning I make about 23% on my initial holding but will still hold the same amount post tender.
I am assuming the recent buyers have bought with the view of selling post tender. I think it will be some time before the shareprice drifts down to buy back in due to lack of sellers. Surely people wanting to sell would have accepted the tender at a higher rate than accepting less a few weeks later.
Most brokers deadlines have since gone.
Close of offer is 1pm tomorrow
Did you tender?
https://www.surveymonkey.com/r/SZLKXBG
Trading on this share depends on the liquidity post-tender. Those tendering 38.5% of their shares should see their remaining stake in company unchanged, selling more with the hope of buying back at a discount later, assumes sufficient sellers are willing to take a haircut alongside fewer shares in issue.
I have not tendered any of my holdings and would be very interested to know what the majority of us as PI have done?
My previous poll showed that the majority were not happy with the proposal and did not intend to tender.
https://www.surveymonkey.com/r/SZLKXBG
Tender deadline has passed, Thursday should be an interesting day.
This offer is a double edged sword with consolidation on one side and a reduction of cash on the other.
The margins on trading out and then are very slim, so I have decided not to trade, even though I might later regret it?
Bit dippy, dipstick !
Same old story, alot of negattives being posted again, so alot of thease posters have sold some or even all their shares. They are hoping to buy back at a lower price.
The cash burn figure given is factoring in annualised £2.5m of development revenue. So they need income on top of that to eliminate the burn ..assuming fixed costs do not increase further.
What they do have is cash which should be a cash flow positive. Second half of current financial year should yield a short £1m..the expected £20m going into FY2025 should yield £1m over the year…which helps.
But it still leaves the need for significant additional revenues in cy2025 to move to cashflow breakeven to the order of £6m at 50% margin.
We could get some display revenues and another development agreement but nothing currently signposted.
In terms of orders they could achieve that kind of sales of Gen1 in CY2025 with a fair few small case orders but it looks highly unlikely that on the timescales given on Gen2 materials of them being sold in commercials numbers till well into 2026.. I believe that was the idea through scaling and validation?
So it is a tall order I reckon on what we know at the moment with only one contract signed and delivered and invoiced in mid November ( we don’t know when they actually got the order they only announced once it was all done and dusted for some reason…but one must think received 5 months ago..this currently does no demonstrate any build up or recurring revenue..just a one off as yet which is not evidencing any anticipated build up.
Much to deliver to meet their guidance .
With regards breakeven and regards 1st gen materials 'bragging and trumpeting' doesn't cut it with me although he appears to quite glibly remark, that its unambitious.
BTs wishful thinking ATM it seems but suppose with the increased range and scope becoming available via the new fab anythings possible. W
Why is that a tall order? The sensor’s aren’t even in any devices yet as far as we know. In 2 years time they could be in mass adoption in mobiles! You should listen to what BT says sometime so you can understand scale.
Not certain of the maths but roughly does it mean that Nanoco would have to produce and sell enough material for around 40 million sensors i.e. at least a factor of 10X of the possible size of the present commercial order - a tall order indeed based mainly on 'bragging and trumpeting' it seems from hopefully more than satisfied customers !
Nanonano
Cash burn is £300k to £400k per month or £3.6m to £4.8m per year..Development revenues are nothing its commercial deals that matter so how much revenue do you need to say the cash burn?
Has to be between £7m and £10m dependant on how much tax needs to be paid and a 60% margin.
Feel fine thanks - never felt better.