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I dont want to spin anything X i just know the largest institutional holder that knows the company inside out and has been invested even longer than you has just tried to sell their whole holding at 24p. You tell me why that is good?
They have many investments and maybe want to free up cash to reinvest elsewhere ..they can invest in quite a few other investments you know they can move on after all now they had another liquidity event they supported.
I know how institutions work fella and i don’t need help telling me that they bought some sub cash and have sold at a modest premium.
Doesnt appear it is me furiously backtracking..and it appears however you look at it LOAM thought 24p too good a level to turn down.
Maybe just maybe they are looking to replace their holding lower down nearer current cash…what’s wrong with that as a professional strategy??
HA HA ha Xenon you are doing my job for me maybe we are the same person hah hahhhahha
Kooba, do you think LO have used your company valuation calculations and that they now know what the share price "should" be?..
They could buy back in but only at 24p and below otherwise it’s not particularly clever. As the largest holder perhaps they felt they could control the price more than small traders who hardly move the needle. Currently they could add over 10% at these levels. Only time will tell.
Kooba, I know as much about LO's intentions as you do... yep, you don't know and I don't know.
And yes they do trade the market. Did you not know that's what they do? Of course it's good for Nanoco that they have reduced their holding.
Tell me why you see this as bad news? Do you have a conspiracy theory? Do you think LO have sent people to infiltrate STM's potential customers to find out their plans?
You want to spin why they sold at 24p as a cause for concern. You do understand thats a nice profit for the ones they bought at 16p? Let me help you, thats not 1p difference, it's like.... about 50% more!
Its good though that you pointed out they only bought the stock when it went to a discount to cash..maybe they use that as a benchmark??
so they have traded out to buy back in..oh are you not going to **** them off as short term traders??
what makes you even think they want back in they tendered their entire holding..were they not afraid of the taking a bullet and the price running away from them.
you have no idea whether they might just want to dump the rest having got a good price for the majority of their holding do you ? no idea of why they sold and their intentions now.
sorry you can’t spin this after everything you have said.
Kooba, yep they tendered - and yep I bet they plan to buy back in if they see an opportunity to make some money. You see, that's their job...
Do you know how they make their money? They buy and they sell. And then they buy. Etc...
They bought 8.1m shares at 15-16p in Nov-23. They tendered. They made £650k+ profit on those alone. They didn't need to know anything more than you or I knew about Nanoco. I did exactly the same as them when I bought more at 16p.
You desperately want to read more into it to fit your narrative and to serve your own agenda. But it's nonsense to try.
@TG2D
Please be serious -investing isn't supposed to be fun, or is it ?
Troublesome
That sounds like what goes in the newly installed dungeon device room!
Probably got a rack torture device in there as well for any potential customers!
Here we go :
"I would rather a mind opened by wonder than one closed by belief "
Maybe Terrorwit will post that one one on Advfn too as he didn't seem to like the ' Life is short' quote just my alernate or extended versions.
Wonders will never cease ;-)
I think Lombard Odius did it taking advantage of a tender moment in Brians office with a short piece of rope, while squeezing his testicles and holding his feet to the fire.
NGR1616
I agree and upticked your post.
So £8.85m of the £30m return has gone to the largest holder who tendered their entire holding.
The retail were given a 60p target broker note just before the exercise.
Loam playing retail like a fiddle again.
And this is great news because Loam are rather clever in the stock??
TG2D BT gave an indication in the investor meet what is happening. This tech is still brand new and STM has possibly not sold a single sensor yet but CQD sensors are the same price as silicon sensors but offer SWIR capabilities that silicon can’t. It’s a matter of time before users incorporate them into numerous devices and applications. STM have not invested for this not to happen. Patience is what’s needed.
Clearly the market has now cottoned on to LOAM's actions and no doubt reached the exact same conclusions.
Nanoco Group PLC
LON: NANO
OverviewCompareFinancials
21.20 GBX −1.30 (5.78%)today
17 Apr, 15:15 BST • Disclaimer
Reported for being rude and disruptive.
THIS IS GOOD NEWS!
You guys commenting on this are twisting information again. Who do you work for?
So... LOAM INCREASED their holding by 8.1m shares in Nov-23 when the SP went down to 15-16p. Good move, I did the same myself.
LOAM tendered 68.5% of their holding. Good move for some quick profit. Do you know what their average was? Do you know what else they plan to invest in? Do you know they weren't thinking they could buy back in? No, you don't know. Unless you are working for them??
So.. stop twisting this to suit your narrative and to suit your agenda. Yes you are trading the share and want to buy back in - we get it. But it is simply HORSE SH*T to say "Seems LOAM don't expect any material orders from STM to arise anytime soon". If you guys are working in the financial industry you would be guilty of market manipulation by talking out of your ARS*HOLES like that. Say stuff you can prove, don't make up CR*P to promote your agenda.
Did anyone NOT expect them to do this? Can't just have been me. It is VERY GOOD NEWS for Nanoco to not have a major shareholder to bow to. The company has £23m in the bank and no longer needs their support.
Unless you present facts all I see is a POTENTIAL BRIGHT FUTURE based on positive developments.
Hence why as evidenced by the TR-1 notice LOAM tried unsucessfully to dump their whole holding!
So where is the £7m to £10m revenues needed to reach cash breakeven next year going to come from certainly not from STM anytime soon judging by LOAMS attempts to fully exit!
Another example of BT misguidance telling the market one thing while all those in the know dump their shares.
Another repeat of the Samsung settlement debacle!
Tell the market one thing while the insiders do the other!
They were the ones that wanted the tender the most you would think….
They've played a blinder here, anyone would think they had an inside track?
They have actually sold the max..they tendered their whole holding.
They have gone from 16.58% old outstanding = 53790629 shares
To 8.51% of reduced share capital 16945280.
That is a 69% reduction. They tried to get out!
What they do now i wonder?
Well yes and no. They are perhaps buying back and making 5% but likely they just sold out and maybe have had enough! Who knows what motives they have. They don’t know any more than you and I after all and maybe don’t want to be invested if there’s a better opportunity for their money elsewhere. They have been involved for some years.
NGR1616
LOAM dumped nearly 50% no doubt the max they could rather than just 38.5% very telling!