Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
NGR1616
Depreciation isn't a cash cost, the capex was £3m..so how on earth do we go from £100k to £400k per month..staff were already recruited weeks ago!
Both of those questions are easily answered.
1. There’s a new device lab and team that carries a cost of equipment in terms of depreciation, staff, energy and materials
2.we don’t know
I've asked..
1. Given the three to four fold increase in opex monthly cash burn at around £300k to £400k eqv. £4m+ plus per year why has the monthly cash burn trebbled and does this place at risk reaching cash breakeven during CY 2025?
2. When is it expected that the first material commercial order will be signed this year? .By materiality I am assuming any long-term commercial deal which could ramp up in time to larger orders.
If you're registered (free), then you can put questions via the Investor Meet Company website for the presentation on Tuesday.
https://www.investormeetcompany.com/companies/nanoco-group-plc
I might ask the company about that second graph if I can be hooped and I’ll get back to you
NGR1616
I will take that as a 'No' then...
I think a mountain is being fashioned from a mole hill on this.
In the meantime here’s the world’s best fabricator. Perhaps he’ll join as a NED one day. It’s actually very amusing.
https://youtu.be/lFloLGmPKl0?feature=shared
If I have time I’ll listen to the webinar and see what that does to my understanding. For now I’m too busy.
NGR1616
This is a slide from March 24 and labelled as such when the interim results were released..BT is clearly indicating take up of QD in various industry segments because the graph starts at 0m in 2020 its misleading and in accurate as the 2023 data does't exist, no take up recorded for QD pridyct sales outside QDTV's its just made up stuff ffs to give the inpression that the market for qd's is taking off...another example of BT's misguidance.
Well a phablet is a mobile, so you're splitting hairs here. The point that needs addressing is if any displays in these categories are currently being produced in the volumes shown. I wasn't aware of any, so I asked on here, and it seems noone knows.
It's difficult for anyone to give accurate forecasts for future sales, but for current or past volumes reasonable accuracy should be a given.
Honestly I cant state my view any clearer. The slide title is about potential. "Market Opportunities" It clearly ilustrates the direction of travel if individual device growth then adds that there is interest in investment in small screens and that the area of the screens is also set to grow. At no point do I see any claim that QD's are in use on devices in that particular slide particular when viewed side by side with a graph that specifically does mention QD's. The annual report was an anomalous error in my opinion. My companies corporate sustainability report is prepared by the head of marketing not the CEO and I'd say the same is likely true for Nanoco this error was simply missed or not corrected.
Neither of which is a mobile save for the very largest of displays.
The lions share was Tablet/phablet, the other smaller categories were laptop, monitor and 'other'.
I’m busy so not really wanting to go back and look but I don’t believe the graphs mentioned mobile phones at all.! It was monitors laptops tablets and others if I recall correctly.
Annual mobile sales 1.3 billion that slide implies 80m+ of those contained qd's in 2023 with a growing number expected through to 2030...
What else does it relate to?
So you seriously think Nanoco are trying to falsely represent the QD market size for small display and expect the industry to believe them? Come on for goodness sake you’re wasting your energy.
Annual mobile volume sales.
I agree with Nanonano's comments.
hTtps://www.statista.com/statistics/263437/global-smartphone-sales-to-end-users-since-2007/
I’m sorry but I don’t see the problem here. Yea the annual report is misleading and possibly an error but the most recent presentation is not repeating the same mistake- it’s clearly an illustration of market size. The company hardly discussed it so quite why some are getting so vexed is a bit odd. Anyway back to enjoying the weekend weather.
Human error!
Are you kidding me annual mobile sales exceed 1.3 billion...
The graph clearly is relating to products which contain qd's which is false!
For an off the cuff remark, an error is acceptable. In an annual report, and then using the same chart in a further two presentations, that won’t cut it, especially with the quality of communication leading up to the settlement. Just looks like puff IMO.
The CFQD display market has been conceded to Samsung, and any projections by Nanoco management for growth in this area is just finger in the wind stuff. They have no contracts in display, and things seems have gone rather quiet with the expected deal that was mentioned a few months back. There doesn’t appear to be any enthusiasm from OEM’s to shift from cadmium.
In sensors they have small contracts, but not enough to break even, and there’s so little information, nothing to really place any sensible investment decision on.
I have concerns they may not experience the wider adoption they expect. Sensors from competitors which can operate in wavelengths where QD’s are not required are offering powerful features not found elsewhere, and they’re inexpensive.
No it's completely unacceptable that graph is false and misleading as it goes from 0m in 2020 to 800m by 2030 with 80m+ for 2023..
It implies take up of QD's in various industry segments has already occurred.
Its misleading to investors and another clear example of BT's misguidance.
Granted the annual report is misleading however. Is human error acceptable?
Interpretation differs. For me it’s splitting up the small display market into types and saying there’s more interest in future. I don’t believe it can be interpreted any other way given QD’s are not currently in use.
I don't see anything on the right hand graphic of that slide that makes it clear about whether it represents QD or non-QD displays, and I don't think that was made clear in presentation either. In the annual report it clearly labels the same graphic as "other QD display devices".
In contrast the lefthand graphic for QD tv's is very clear, although it's only an estimate naturally.
At present QD's have had little to no impact in small screen display, simply because users swap devices out much sooner, and existing technologies like OLED do a very good job and are improving all the time. Future technologies like microLED are still very much in state of flux, e.g. AMS-Osram have recently caught a bit of a cold, as Apple have pulled the plug on their internal microLED development. In addition Porotech have a system that I believe is very likely to set the standard for small screen microLED, and importantly for Nanoco it doesn't use QD's.