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The purchasing of own shares seems to have stopped for a little while now…thoughts?
4 trading days of no on market purchase's.
They have shareholder authority , they have given that authority to Cavendish to execute at their discretion independent of the company.They have £1.7m left committed to the buyback.Normally such a remit is done on a daily basis at a % of volume. The activity has been erratic against volume and previously a day was missed, but this time 4 days looks like a considered halt. No idea why and can think of a valid reason…since they have committed to buy back and have led the market to think that the shares are undervalued ( see broker note) and there should be further orders surely they should be cracking on and doing what they said they would do. If good news comes and the shares jump justified to question why they did not continue the buyback when the shares were 20% below levels they had paid mid April i guess.
It's unlikely there's something significant behind the pause.
Cavendish are carrying out the buyback independently. This means if there's inside info that hasn't been disclosed there's no need to halt the buyback.
The SP has fallen 20% over the last month. Perhaps best practice is to pause buybacks in such scenarios to avoid the impression of trying to support it too much.
Similarly, volume has come down. The share was already illiquid so perhaps they have to wait for a bit so they're already volume reduces.
Perhaps the guy at Cavendish responsible is on holiday.
Not been on this board for ages , how is it working out for you shareholders who still put their faith in the board or directors , by the look of it , ( loam not buying ) so no good news on the horizon,
Nanoco is now the kind of share you put in the bottom draw and come bsckninbsux months time.
I'm expecting little if any commercial traction till the Fall probably closer to the annual results release in October, till that point the share price will simply revert back to 12p or the cash value reflective of the £23m remaining cash balance held.
To think BT spent the best part of 5 years andca lengthy legal battle with Samsung generating what amounts to £23m cash remaining pretty poor performance IMHO.
TG2D Fall? Are you American?
TG2D you seem to forget that people invest in anticipation of results and commercial progress before it actually happens.
They speculate and some are willing to put substantial funds into a company in advance as many like you did before the Samsung non-trial/settlement. It's not going to 12p in my view but you are entitled to yours. It might however drop a little but further but all it takes is a new investor to take a position in advance of news.......with far fewer shares in issue......
As for Cavendish - perhaps they are more interested in reducing the shares in issue rather than artificially underpinning the SP. A pause might allow them to buy more lower.
Bottom drawer for at least 2 years.
Oh the time value of money, isn't it wonderful.
Guessing that print near the close is the buy back again ..323, 863 @ 17.75p..£57485 worth..not 100% but think they have stepped back in..might indicate they are seeking to mop up on weakness as that’s their lowest prints if its them.
It’s horrible to say but it’s impossible to get a multibagger from this share , imo this will b sold off at the first opportunity and for a lot less a share for you than the board get , you can’t beat them they are the most corrupt board of all , value for money , best for the company , transformational , all bs the sp slashed in half , but they got bonuses for a settlement and share holders lost half the money they had before settlement , what a great job by the board don’t you agree , I love risky shares and nano was risky and in my eyes we got a settlement so that was like a win , and we all lost half our money prior to settlement , iam in gst and he1now massively risky but massive rewards hopefully one of them will be like my best investments argo and William hill , gla
Thanks for your excellent insight so elegantly put Ian. Funky! I’ll be selling up tomorrow thanks to the advice. Oooh oooh oooh.
NGR , wood for the tree’s , mean anything to you ,, you keep holding , look where it has got you ,you are to emotionally attached to this share , nanos chance has gone , but good luck to u Brian luvs shareholders like you , you make it easy for him and the board
Word,,, salad is all, I can see
All I can see are several more classic narcissistic traits clearly exhibited here and directed at another member of this BB
i.e. a condescending atitude including belittling (OMG funky gibbon) and projection re: use of word salad !
The company have really only given a hoped for break even by next FY, and an eventual larger take-up for SWIR beyond 2016, citing figures from independent analysts like Yole.
This is very little to make any sensible investment decision. We don’t yet know how ubiquitous SWIR will be, or which technology will be dominant.
The lack of information regarding the STMicro order is extremely concerning and is serving to undermine confidence, which was already badly affected by a disappointing Samsung settlement.
QD’s in display has been far lower than analysts originally projected, around a tenth of original estimates in fact and beyond Samsung the use of cadmium free is almost non existent , and looks set to remain that way for the foreseeable future.
Brian needs to step down, he really isn't a leading light in the industry, doesn't have the necessary quantum dot experience or background, has failed to deliver any commercial deals after nearly 5 years in the job, deliberately misled a
...deliberately misled retail investors by siding with LOAM and RG who profited at their expense during the Samsung settlement debacle.
That's why we are here now with a CEO who doesn't know or even cares what products our dots go into so long as we cut silicon wafers!
Well Brian you've really achieved so little £23m that's all that was gifted from 20 years of tech development!
Well appears the big print at 17.75p on the close was likely a seller rather than nanoco buy back…the buyback still seems to be on pause for some reason ..and yesterday was a higher volume day with some larger prints below 18p. It would have been very easy to be involved if they had wanted to. Bit odd now.
if brian took the best deal he could get from samsung then i have no problem with that , but it was all the talk before hand that ****ed me off how he misled all shareholders with his statements which led to the sp being inflated then taking a deal he knew would considerable decrease the sp which shows exactly what he is , he can never be trusted and should b ashamed of himself but he will keep on taking his wages off you every month without fail, no one can argue with that , how many shareholders would have voted the deal from samsung through if given a vote ,, not one and he knew that but still excepted it ,, am i wrong ?
Brian might be giving his new yacht a spin around the Indian Ocean ATM
ian apologies for mocking previously. it gets my goat up when people appear from nowhere ****ging off my investment. but you may well be wrong or right. in my opinion you are wrong. i've seen plenty of aim type lifestyle companies come and go here with the latest technology or material or oil finds and whilst some are well meaning and maybe read for example in oil the geology incorrectly my view is none of those failed enterprises had quite the same credentials as nanoco.
nigel pickett founded this company out of manchester university and built up a portfolio of ip that has attracted the likes of samsung, dow, merck, wah hong, apple and now stm. samsung used the tech, apple played with the idea and stm took that idea and we are now in a waiting position to see what the take up of stm's sensor is like.
display is not dead and the cfqd market is set to grow significantly (according to analysts....) and we are led to believe there will be another chemical partner. be fy25 is being guided, the sp will rise if that happens as the company continues to deliver.
so whilst you may be disgruntled like a small minority of others over the $150m samsung settlement (distinct from a trial outcome) i believe there is plenty to look forward to.
A company exists to make money for its shareholders - someone needs to tell Nanoco management that they are running a company and not a university research project!!!
Shareholders should be able to trust management. These clowns have misled shareholders every step of the way - Tenner needs to be ousted.
But he hasn't mislead Pete. People got carried away at the prospect of a huge win in court with large numbers being bandied around yet it was stated more than once that the preferred outcome was a negotiated settlement and that was always going to be less than the hundreds of millions some were craving. Before BT there wasn't even a sniff of going after Samnsung.
Since then they have built new partnerships and delivered validated material, the first commercial order albeit on a small scale for development purposes it seems and a return of capital as guided. If they BE in FY25 and the tech ends up in phones and other wide scale adoptions and we get display contracts and the other development agreements bear fruit and the SP rises with less shares in issue will people still be calling for his head? Time will tell.