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Cemetry plot - dead end - cul de sac !
Troublesome
'Fully agree and IMO necessary as we are talking about commercial orders now and hopefully from little acorns ...'
Let's hope they announce a far bigger than expected commercial order of £10m+ this year if they ever hope of reaching breakeven next year.
Nanoco needs at least £3.6m earnings or 35% EBITDA, meaning £10m additional revenues in order to meet that 'Board Guidance' which they keep claiming they are on track to deliver!
No doubt Brian is reading this and chocking into his cornflakes as to how he will pull this one off..or maybe not..they've got away with murdering their retail shareholders for years!
One user id lol!
Give it a rest
Troublesome
It's a little cemetery plot surprisingly all the deceased were of the same age..lol!
@TG2D
Buried on the NigWit reserve no doubt !
He's so reserved he belongs on one !
I’ve made plenty here over the years and my avg just now is close to parity. I’m holding a few hundred k in shares and equal in cash waiting to see what happens post tender.
NGR1616
'My motives are to make me money.'
You've done pretty sh@t so far given all your whining over 'protecting my investment' when ever anyone questions or criticises the Board to hold them to account.
You may as well bury your Nanoco shares in a sealed box they might be worth more in 2 million years when sone future archaeologist digs it up and sees a skeleton attached hugging the box closely to it's chest and thinks wtf is this 'iou' with the words 'Im protecting my investment' scrawled on a piece of paper doing inside the box!
@404X
O.K. - but wouldn't describe any of the actual delivery as 'flashy' - quite the opposite.
@troublesome Kooba gave the name of the PR firm, look them up. Their client list reads like a who's who of some of the most well known and largest plcs. Includes multi-billion market caps like BP. Seems very flashy to me, especially in context of a micro cap like this.
Talking money is crass so I'm not going to tell you what I made last year.
My motives are to make me money.
@BC
Fully agree and IMO necessary as we are talking about commercial orders now and hopefully from little acorns .....
Can't give any guarantees as I will never trust you or your motives - I've been very lenient regards your recent insults.
I always felt that PR was something we needed to focus on and invest in. The website is still not up to scratch really. If the company is going to be a bit more bullish in its outward facing approach and trying to drum up business I’m all for it,
Troublesome we’ve been down this cul de sac before. I have one ID and one only and I post only on here. Confuse me with others who post with multiple ids if you want but I’ll report anyone who suggests I’m using multiple ids. Please refrain. I’ve stopped calling you out for the benefit of the others here and would hope you can reciprocate.
Wouldn't really call it 'flashy PR' but a more trustworthy front man representing Nanoco would be preferred - any suggestions ?
The FAB cost will be amortised over x years for depreciation
Don't think anyone takes any notice of someones suggestions with multiple fake id's.
For all the flashy PR it's very hard for them to gloss over how hapless Tenner is. Can only go so far when you're lumbered with him as the face of your firm.
It's a tad concerning new red flags seem to appear whenever he makes his latest pronouncement. Now claiming some shareholders didn't want any return - after the company has been dangling the carrot for over a year - stretches credibility.
Then he says: "Given we'd already made the commitment, we felt we couldn't go as far as that."
Gee thanks Brian. Clearly everyone should be grateful for this damp squib tender, and thankful they're returning to shareholders anything at all - let alone millions below guidance company itself gave.
The FAB and device team alone will have added cost. As for shareholders saying keep the cash….that was my suggestion so there you go! 😉
Of course large orders would put far more meat on the bone but can't see good PR doing any harm as long as its the truth and not over-hyped (re-Maxi comment ). I liked his comment on TV : ' If you've got a machine and it needs to see, come and talk to us ' - great punch line - that kind of advertising would cost millions normally.
The truth becomes a part of your past, but a lie becomes a part of your future - still a real problem, unfortunately.
Might need one given the rapping over the knuckles by some commentators to that media release.
Nitro_k
Stamford, United Kingdom
14h ago
"I wouldn't believe a word he says, misrepresenting the value of the trial payout is a massive understatement, he blatently lied and should not still have a job"
Kooba
Good spot monthly cash burn moves up from £100k to £300/£400k or 3 to 4 times, the return of value diminishes from £40m to £33m implying the company is holding onto more cash yet capex spend does't increase except the one off £3m recently spent on the device room...Hence most of that cash burn increase is going to monthly opex spend but on what exactly that's a three to four fold increase to fund what exactly....?.... can't see it being to fund alot of new recruits..and if its not for long term capex how on earth have they ratcheted up so quickly monthly opex, which makes the point on reaching breakeven next year more questionable unless they are expecting a large order for £10m+ this year to generate sufficient earnings to reach breakeven bearing in mind from order receipt to manufacture and delivery no doubt takes several months so they need that order this year to start ramping up delivery production for next year.
So Nanoco appear to be hanging onto more cash and implying they are pushing the goal posts out further for reaching breakeven yet ratcheting up monthly opex spend to the point its unrealistic to expect breakeven to be reached next year but still the Board are guiding to breakeven being reached next year but the evidence says the opposite!
What is it with this Board that nothing they ever say makes any sense its not hard ffs!
Further.
If monthly cash burn rate is £300k/£400k hence annualised £3.6m to £4.8m that implies out of the net £20m cash remaining after buyback, debt repayment, apex (device room) there is circa 4 to 5 years cash remaining which sounds good.
Yet break even is targeted for next year implying using the EBITDA 35% to 45% margins that sales revenues must reach an additional £10m+ in order to reach breakeven!
Clearly a gap is emerging between reaching breakeven next year and expected new orders this year!
The Nanoco numbers just don't add up!