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As spotted no print out on Friday and no disclosure today…so for some reason a no activity day.
Could be delayed reporting ?
Could be they pause having used about £1m?
Could be news pending suspending buyback…but slightly unlikely as they state the buyback is being done “independently” by Cavendish.
Anyway seems a change in normal activity a the moment.
Interesting on industry
https://www.cnet.com/tech/home-entertainment/qled-vs-oled/
What about the future? Beyond its QD-OLED TV, Samsung is researching direct-view quantum dot, which dispenses with the liquid crystal layers and uses quantum dots themselves as the light source.
@bonzo
We've taken note of that - Keep Safe.
Easier to make good use of this page if people filtered rather than respond to infantile.
Give it a rest.it’s obvious to anyone what “we” meant
@NGR
'We' - Collective
I don't recall you being chosen as a spokesperson for all the members of this BB either !
On another point - Your 'gaslighting' techniques are just another classic trait which you are unable to hide.
TG i think we’ve covered the whole’Nige’ thing. You’re just making it all the more difficult to discuss anything here with these pathetic insults and insinuations.
“We” as in the collective on here. If you really want to continue in this vein feel free, but it’s not helping anyone else.
Kooba
Think 'we' ahem are both aligned that there is chasm the size of the Grand Canyon between the Boards guidance as to Nanoco reaching cash breakeven next year and the forecasts that the Board supplied to Cavendish to disseminate to the market showing revenues flat till mid 2025...
Hence with the monthly cash burn trebling to between £300k to £400k meaning an extra £7m to £10m in revenues is needed next year in order to meet that 'guidance' is now looking highly unlikely..I notice BT provided no caveat that this 'guidance' was dependant on getting sizeable orders from ST Micro!
Hence how on earth do you square the circle?
When someone uses the word 'we' it often reflects either a weakness in their arguments trying to give the impression that others are in agreement or its the tell tale first signs of a paranoid schizophrenic with an over dependence on using fictious sock puppets as companions.
XenOn
You really need to stop whinging and back up your posts with actual facts..which maybe hard because there is very little on the ground to work with right now as opposed to the Boards track record in particular BT's who in 4 years has signed more or less zero commercial deals of any merit yet rewards himself handsomely for under delivering and misleading guidance to investors.
Personally he's not the right chap for CEO we really need someone with a deep understanding of the industry, broad commercial contract experience, who is also well recognised as an industry expert...unfortunately BT is really not up to scratch, crunching numbers is one thing, building a succesful global high tech commercial business requires a much broader mindset and far deeper experience ..I don't see him as being really convincing when in discussions with prospective customers.
Stop posting infantile taunts Troublesome ; I think most would agreed we’ve had enough and would prefer to discuss relevant topics rather than get personal at every turn.
NGR1616
Nige just out of interest what will you be doing with the £1m you made through tendering your shares..buy a new yaught by any chance?
As an aside, was wondering if Xenon or NGR as LTH's knows where NigWit lives or did live ?
Think nobody has said the NED appointments are negative in any way as it goes, I have made only very positive comments and they have been discussed extensively..not news really. The existing NEDs on the nomination committee and the headhunters they employed came up trumps and hopefully the new NEDs will assist in delivering strategy and holding the executives to account on behalf of shareholders as is their remit.
This is intriguing though is when you say
“My optimism has been increasing the more I've been digging into the prospects, and I couldn't see some of the stuff I found had been shared on this BB - or certainly it hadn't been shouted about as much as I would have expected”
But then do not post what wonders you have found..you often say after someone posts ..oh I was just looking at that or beat me to it. Are you not now going to share your fresh information?? Odd having held for all those years too that you are now starting to look into the company..happy research, looking forward to some contributions.
I don't think we should understate the news about - and potential impact of - our 2 new NEDs. Dieter May joined the Board in February. Dr Jalal Bagherli joined 3 weeks ago.
Dr Bagherli was CEO of Dialog Semiconductors, leading to their $5.7B sale to Renesas in 2021. He led the negotiation of a $600m licensing deal for transfer of IP and resources to Apple; raised significant funds in European capital markets and completed numerous acquisitions totalling over $1bn. He's also co-chair of the UK Semiconductor Advisory Panel.
Dieter May was Chairman and CEO of Osram Opto Semiconductors GmbH, one of the world's leading optoelectronic components companies, participating in electronics applications such as facial and iris recognition, health monitoring, vehicle navigation, and virtual and augmented reality as well as uLED displays
These guys have vast experience right at the top of multi-billion dollar companies, with a broad range of industry contacts and expertise in different market sectors.
Anyone want to speculate why these guys would want to spend any of their time advising our itty-bitty company that is only valued at £15m above current cash levels?...
I still don't get why a handful of people on this BB spend so much of their time and effort posting negative comments, or replying in agreement to other negative comments, about the company, about the management team and about how the lessons from the past tell us we should steer clear of investing here as they expect the SP to tank soon. Wouldn't you find somewhere else to invest your money and time?
I can only conclude that they actually do believe in the company prospects!
Those people are trying to set the narrative by coming up with "logical reasons" the company mcap should be lower, which they then use to then tell us what the SP "should" be. But we all know that it's the SP that determines the mcap, and the SP is dictated by supply and demand - so ultimately it's quite largely based on sentiment or optimism. The mcap was getting on for £150m above cash when we were working with the US customer when we were only in the initial stage of product development. Why? Because investors could see the potential...
My optimism has been increasing the more I've been digging into the prospects, and I couldn't see some of the stuff I found had been shared on this BB - or certainly it hadn't been shouted about as much as I would have expected.
@NGR
That's interesting - On whose behalf are you speaking when you use the word ' WE ' ?
Don't suppose you're a spokesperson for or a member of the Royal Family by any chance !
We do have an idea. It’s just ignored and mistrusted by some of the more vocal posters here. I’m not going to listen to the presentation and Q&A again because I don’t need to so I’m not going to quote the pertinent comments. DYOR.
Good spot !
On the end bit…However, FactSet analyst consensus is forecasting revenue to reach $10.7mn by 2025 as the operational investment starts to take effect.
That £10.7m Cavendish forecast to July 2025 is £6m allocation for samsung settlement and the ongoing £2.5m from the r&d work. With that £8.5m same as expected in the current year the company are still expecting £3.6 -£4.8m cash burn. In 2025m with the additional £2.2m of revenue for the year forecast they are still expected to burn of £3.5m to year end July 2025.
How do they get cashflow break even in CY2025….Like Cavendish …i have no idea.
Density = sensitivity
On a buy back note there does not appear to be the normal end of day print out in £99k worth of stock though volume was no lower than recent days..so maybe a change of tack. Will see on Monday if they were involved or not i guess.
How can you forecast revenues when you don't even know what products your dots will go into?
It's just making stuff up out off thin air you might as well say $20m or $50m revenues or whatever figure grabs the headlines.
Much is on trust and Yole predictions of potential sector growth..same as when display was the thang..which didn’t pan out as anyone expected. Company presentations and Cavendish note rely heavily on such industry wide research pieces and it has a place but it does not give any clues on how Nanoco itself plays a part in it any such growth ..repeating that STM went into a joint development agreement with Nanoco because they want to make money from commercial volumes from SWIR sensors does not provide a roadmap as to how Nanoco do.
Since it is open that STM is the development partner and customer and that stm have produced demos and papers on using CQDs in achieving enhanced performance ..its difficult to know what the commercial density clouding any detail is about. I’m sure competitors such as Samsung Sony et al will be more than aware what is in STMs film and in what sensors. It’s hardly top secret…also if as i understand it Nanoco are free to sell Gen 1 materials outside of the STM agreement so you would have thought getting publicity on the efficacy of the wares might have been a rather good thing ??
PP beat me to it! had it on the clip board!
UK quantum dot company Nanoco has returned cash to shareholders through a tender offer after it received the final tranche of payments from Samsung in relation to an out-of-court settlement over an IP dispute.
Quantum dots are nanoparticles used to improve LED display lighting. The Korean electronics company was alleged to have breached Nanoco’s IP by using the technology. Last year, the companies came to an agreement in which Samsung would pay Nanoco $150mn (£122mn) in two tranches. As part of the deal, Samsung would be allowed to licence the technology.
At the start of this year, Nanoco received the second payment worth $71.75mn and decided to return £30mn to shareholders through the tender offer, which was pitched at a 25 per cent premium to the share price at the time it was announced. Among those cashing out were Swiss private bank Lombard Odier, whose stake has almost halved to 8.5 per cent, and chief technology officer Nigel Pickett.
Pickett sold 4.5mn shares at the offer price of 24p, earning over £1mn. The share price has since slipped back to 20p.
Management said the rest of the funds would be “invested in operational capability, enhancing future growth prospects, and improving gross margins”. This investment will focus on building out a new wafer device development and testing facility which the company says will be able to shorten research cycles by up to a third.
Nanoco is still in the early stages of its development. In the six months to January, it made just $4mn in revenue, and only $1mn in underlying revenue when the licence payments from Samsung are taken out. However, FactSet analyst consensus is forecasting revenue to reach $10.7mn by 2025 as the operational investment starts to take effect.