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Careful Xenon
NGR will criticise your over-imagination, I think !
So, everyone trading shares should have taken up the tender offer to the maximum – and they did. That’s why it was always going to be over-subscribed.
LOAM took up the tender, the de-ramping team on this board did. And Hamoodi did. There was free money to be made buying the same shares at a lower price before or after the 24p tender.
One of the de-rampers previously said on this board that LOAM were called into a secret late-night meeting with Nanoco management and must have had an insight into some negative news that made them want to tender their shares. Except… the management team have already told us what they know and LOAM doesn’t have any better insight into STM’s plans for future dot orders!
But now we see Hamoodi also tendered his shares! So, was he in that secret late-night meeting with LOAM and the management team? But, how can that be? Hamoodi has taken LOAM to court!
So, is this all a ploy? Was Hamoodi working with LOAM all along? Or maybe LOAM settled out of court by giving Hamoodi all that inside information they have about STM’s plans?
Hahaha. These de-ramping comedians do know how to tell them!
With c. 50% shares being cancelled, cash on hand now and no debt + commercialization progress happening shouldn’t the SP go back to around 40p in layman’s terms assuming no other significant SP changing problems. Am I missing something or this an excellent buying opportunity and the world is asleep. I know the BOD lost PI credibility but even so it seems SP is just too low?
Sadly, this forum cannot be used for its purpose. There is a team of de-rampers filling this board with their overly negative messages. They work very hard. Since I last posted on Sunday they have posted 33 times, with one poster sending many messages in quick succession. Anything contrary to their view seems to stir their hornets nest...
The good news is the company can buy more shares for their money, and I’ve been able to buy more at 19-20p. So, I should be happy with what they are doing, right? No. What they are doing ruins this forum and crowds out sensible conversation. It makes people who believe in Nanoco not want to post here as they will be belittled.
So, why are the de-rampers here and why are they so busy right now? Anyone who didn’t really believe in the company would have left this board and wouldn’t post so many messages, right? Those people will have tendered their shares at 24p and walked away. The de-ramping team will have tendered but why haven’t they walked away? Because they want to buy back in. So.. that must mean they think the company must have some good prospects and that the SP will rebound…
Their volume of posts right now seems desperate. Maybe they are concerned more people won’t sell their shares. Maybe they are worried the company will send out even more positive news, perhaps additional orders from STM or more patents or onboarding another multi-national company that wants to work with Nanoco.
Maybe they worry they won’t be able to buy back in any lower SP? There were some large buys yesterday (4 alone over 150k shares) in addition to the company buy-back. The big buys are likely to be from shares tenderred getting back in with a nice profit. They don’t seem to think the SP is going much lower... Those people who already sold can’t exactly sell more shares to lower the SP, whilst the company still has £2+m to spend buying back shares – on top of all those expecting to buy back in.
So, that game of musical chairs they are playing… they are running faster every day and worrying there won’t be a chair for them to sit down on when the music stops…
Don't take it for granted !
Sun's just popping its head out - have a good one.
Still no meaningful progress on the share price? Squabbling between regular posters because of it?
Yep, it's another day being a Nanoco shareholder :|
@Kooba
Had me thinking about idle hands for a minute - but I assume they are so busy with the new fab !
Troublesome..i think referring to anyone you know very little about as evil is not appropriate at all and should not be posted on public forums but folks using anonymity as a shield.
On point are they holding back information..doubt it very much , i just don’t think much is going on right now and the company and its marketing are reflecting that in their current year forecasts.
Since the thread is on analysis of selling..
One fact that stands out on the buyback is that now on 4 out of past 5 days the company has bought back almost bang on £99k of stock per day so seems that might have been set as an appropriate level per day. But it does mean that they are over 20% of volume as of yesterday so that is a major prop on the shareprice.
@Kooba
Does that suggest they have their backsides well and truly covered (not original quote) and that if they've intentionally held back info that could posibly be accurately described as 'evil'.
The on market share buyback is being done on an arms length basis so there is plausible deniability once it starts if there is a positive or otherwise change in underlying trading ..
However since directors were unrestricted in dealing in the tender one must think they were clean of having any inside information on commercial progress.
“The Company has instructed Cavendish to conduct the Share Buyback Programme on its behalf on a broker-managed basis, with trading decisions taken independently of the Company. Due to the limited liquidity in the Ordinary Shares, a buyback of Ordinary Shares pursuant to the AGM Buyback Authority on any given trading day may represent a significant proportion of the daily trading volume in the Ordinary Shares on the London Stock Exchange and could exceed 25 per cent. of the average daily trading volume.”
The idea that the company has held back inside information deliberately till the capital return is done would not exactly paint them in a good light.
That particular quote was in defence of those you criticise because of your own obvious limited ability - either because of jealousy or for other personal reasons - you really need to think outside the box sometimes as in all honesty, I've never been inspired by any of your messages.
Your quotes are rarely inspiring because it’s clear you don’t have the ability to come up with something original without assistance.
@NGR
The quotes help me to be concise especially when time is restricted and admit that my own imagination in comparison to the likes of Einstein is limited. His quote encapsulates the profound essence of the human spirit and the limitless potential of the imagination - IMO something which should never be stifled and stimulates progress.
You should try using your imagination sometime Trouble instead of your quote generator.
The return of capital has been signposted for over a year. Are you suggesting the whole supply chain stops so that the corporate action can complete first or is that only possible on holidays to the sun?
Thanks for a strong analysis, Morbox. I also believe that Nanoco is in a good position. Moreover, I suspect BT and other Nanoco management know more than they are saying, which limits their ability to buy shares at this time without risking lawsuits. We also need to recognize that Nanoco employees have been underpaid for many years and probably lack large investment resources. After seeing them struggle for so many years yet remain loyal, I hope that they will benefit signifiicantly in the future.
@amerloque
I'd be interested in your definition of an 'apparently evil person'.
Lateral thinking is one thing but is that description really justified, if so why ?
Having failed to control Nanoco, why would he stay invested. Good riddance of an apparently evil person who appears to lack good sense. Sadly, he will probably manufacture a new justification for suing Nanoco. While he may win against Lombardier, he is not likely to win any further lawsuit. Nanoco has advised everyone that it expects sales expansion in the future. I plan to buy more shares following the conclusion of their current open market purchasing program.
Logic will get you from A to B
Imagination will take you everywhere.
Nothing wrong with imagination and creativity IM0.
Something sadly lacking with many businesses.
LordWM
If commercial orders are announced in the next few weeks while the buy back is still on going then serious questions would be asked as to why tge Board was withholding oricecsensitive information regarding finalising commercial contracts while trying to buy hack as many shares as feasible...a massive red flag which would trigger a formal FCA investigation of the Board!
Think about it you may have just sold your shares through the buy back at 24p and a commercial deal is announced sending the share price rocketing up!
Would you have tendered your shares had you known this information was in the pipeline I think not!
NGR1616
Once your into July/August most European companies close down for the long holiday season with all the decision makers away till September!
Hence unlikely to get any commercial news of deals signed till the Autumn.
Well there you have it Tariq tried to exit completely I don't blame him actually having been stitched up like the rest of us but still a damming indictment of the failure of the management team...
It looks like a huge disconnect emerging between reaching 'cash breakeven' next year as guided by BT and the Board and the harsh reality that the numbers just don't stack up...The Caversham revenue forecasts as shared by the Board show revenues flat for the first half of next year and those in the know like LOAM trying to exit completely and dump their shares!
Things just don't add up with BT and the guidance provided to investors!
Personally I think we are months away from any commercial news, if any that is worth announcing, come back in six month's time might be a better option after the dust has settled following the share buy back!
At this rate there will be 185,661,861 shares in issue, plus 13,762,222 in treasury (£2,443,236 to go at an average of £0.21807 paid so far).
At £0.20 PPS with £23m in cash, that will be just under £15m enterprise value for the business.