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Xenon
Its part of the reason I sold for a small profit despite seeing long term nano offerings. This board has more clowns than the Moscow state circus. Thoroughly toxic and from the profit I made here only modest and with the holding I had I put another 40% on my capital else where.
Nano has such great potential but the majority of the PR comes from here. Yes lse BB. So when you constantly reading the kooba show crap eventually you just think why bother ?
So yes I am directly saying part of my rationale for selling was directly the miss treatment of this board. Well done 👏
I'll likely be back in nano however when I am unsure.
This mornings update on £3m on market buy back
760,868 shares boughtvat weighted average of 22.757p 17th April equivalent to £173k or 17 business days to reach full £3m utlised.
Seems I'm right floor buy price is 22p and rate of share buy back accelerating as £3m should be uses up by I suggest end May at the latest.
What next in June commercial orders received or the share price retraces downwards towards cash price...at what point do LOAM reinvest high teens?
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https://www.azooptics.com/Article.aspx?ArticleID=2581
There will be around 185m shares in issue once the buy back is complete. Should help.
Troublesome
Not sure how things are going to pan out with the share price with LOAM in the driving seat as we are weeks away from when the £3m gets fully utlised and the dust from thevshare buy back has settled.
Unlike TGTD I don’t ridicule people of differing opinions. I genuinely don’t know how it will go but I just didn’t believe that the price would drop to 17p given that the holders that are left would have just either turned down 24p or sold at 24p. The share will have 38.5% less liquidity. Who’s going to be selling down below 20p?!
@Gino
Am I right in saying tthen that you predict that the SP will sink no lower than 20p ?
Personally, I have no idea !
I’m sure he can Troublesome - I just added that reminder as he tried to absolutely ridicule me when I suggested that the SP would be relatively static after the £30m had been spent via the tender.
Thanks Gino but I think he can speak for himself.
Troublesome - he predicted 17p after the tender completed.
Once again TG2D….who’s just turned down 24p but are going to sell to LOAM at 12p?! Or sold some at 24p and now going to sell at 12p. Crazy talk.
They can get over 10-15% profit buying back in at 20-21p and that’s exactly what I’ll expect they will do (and planned to do).
@TG2D
Am I correct in saying that your prediction(s) are proving accurate to date ?
Looks like those share holders who didn't tender have lost out to LOAMs cunning little plan and the share price will no doubt inevitably fall...Who knows LOAM might dig the hoover out when it reaches 12p in a couple on months...
This whole approach was influenced by LOAM and the tender was oversubscribed massively. Surely no one can be surprised by the news this afternoon.
What’s around the corner though….BT and the board wouldn’t have dug their own grave so I expect to see LOAM back in with a skimmed profit and the whole thing smelling like the John West factory.
It's rather nice to have these civil discussions for a change.
But it is a mute point if LOAM expected the share price to surge on the back of imminent commercial orders from STM why try and off load 100% of their holdings at 24p now?....unless of course they don't see any large commercial orders in the immediate future as in next few months arising...
Who knows maybe it's a cunning plan to buy back at closer to the cash cost of what £23m looks like with 185m shares in issue or maybe they looked at their investment portfolio and saw better returns elsewhere and needed as much cash as possible...But the fact of the matter is they tried to sell up and exit and were only partially successful, although by the looks of things they got a large chunck of the available £30m and are no doubt off loading the remainder while the price is above 20p and supported by the £3m on market buy back...Funny that I did question why the buy back price was so high at 23p, and much higher than I suggested being to start once the share price falls below 20p or did LOAM agree the floor would be 22p to 23p to give some litigimate credence to how it was being operated?
Either way we should get evidence via TR-1 notices assuming that 8.5% stake dwindles further!
Actions speak louder than words as the saying goes!
Maybe that was their original agreed modus operandi get as much cash out through the £30m buy back and squeeze the remainder out through the £3m 'on market' buy back by keeping the share price high.
Retail investors with all fairness are warry of the behind closed doors shenegins with the Board and LOAM from the Samsung settlement debacle where Board guidance did not reflect LOAMs actions and the outcome for retail investors, many of whom, I might add supported the 37p placement a year earlier, felt very misled and misguided on expectations based on all the Board communications that were relayed over the proceeding two years!
Wonder if Loam are thinking of investing in your flash lamps Xenon :
https://www.linkedin.com/pulse/global-xenon-flash-lamp-market-2024-2032-exclusive-rnqtf/
Kooba, "Loam would have had a one to one meeting with the company after the interims" blah, blah, blah..
And what happened in that meeting Kooba? Do you think Nanoco's CEO has infiltrated some of STM's potential customers? What do you think BT knows that he has already told us that he couldn't know? Come one, give us an example instead of saying LO would have been unhappy pocketing 50% profit on some of their holding.
I know... What if BT knows that the dots explode if exposed to sunlight? STM have been working with these dots for years but maybe they've never taken them outside!
I'm always unbiased.
Troublesome, is that your unbiased opinion?..
Seriously, do you guys finish each other's sentences?
Desperate.
NGR, even if they bought the same number of shares back at 22p they would have pocketed £737k of free money. They were always going to make some money... Or, they might see something else to invest in.
The really big question we need to ask is... why do we care?..
Kooba, 404x, TG2D etc care as they want to use it to create a narrative of panic because they want to buy back in at a lower SP. But there isn't any panic. LO's money isn't missing from the company - we gave it to them along with anyone else who wanted some. LO aren't selling 36.8m shares, they've already sold them!
If I were Nanoco's CEO I'd be glad. The fewer big holders who have the ability to create artificial SP swings the better. And LO have got far less ability to do that going forward.
So, I see this as a positive outcome.
Troublesome Loam would have had a one to one meeting with the company after the interims before deciding on what to do in the tender…it is not a great vote of confidence in the long term tendering their entire holding. But maybe there is a cunning plan that is not as transparent as that that someone can make up and post?
X
Kooba, do you think LO have used your company valuation calculations and that they now know what the share price "should" be?..
No i’m sure they did their own calculations very similar thats why they decided to dump out i reckon? What do you think?
Looking at the SP, nobody else seems to see it as good either !
Does nothing for sentiment, trust, confidence or belief in the CEO meeting any of his targets or increasing commercial orders in the short term, possibly medium and longer terms either.