The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Hot on the heels of the Sky TV interview there is today a piece on the This is Money website under an 'Exclusive' banner: 'Nanoco eyes new chapter after Samsung settlement and attempted boardroom coup'.
It's a long article and not had time to read it through but even if - as likely - it doesn't tell LTHs anything new it still helps raise the profile.
This is the link but not sure if it will paste correctly (I seem to recall that can often be a problem on LSE but will give it a go).
https://www.thisismoney.co.uk/money/markets/article-13243763/Nanoco-eyes-new-chapter-Samsung-settlement-attempted-boardroom-coup.html
Happy Easter all.
I think this PR drive in the middle of a corporate action is crass.
An indirect criticism of BT from NGR?! I can't believe it.
I agree that it's crass but it's far better than most of the copy and paste articles out there. Enjoyed reading it.
It’s a direct criticism
What about the PR campaign in the middle of the litigation? Surely more crass?
Get it out there Brian.
Maybe we'll see him in the Jungle or on Strictly soon but suggest he stays away from Celebrity Masterchef !
An all action video of him playing hurley in a rainbow shirt might improve his image after a bit of weight training.
He might even become a 'household name' rather than the 'Invisible Man'.
The answer is yes they got a new PR firm in January..they had MHP for s number of years and moved to Powerscourt .. they first get a nod with the receipt of the second tranche. Thing is when companies have money burning a hole they find ways of spending it on nice things not necessities new PR campaigns ,branded shirts ramping up the cost base getting the cash burn to £400k per month from £100k per month. Must be why they paid out less cash is down on expectation and they have kept more back than they committed too without a specific change in capex plans. Good times at Runcorn..large ones all round.
If they could just get some large orders in for products I’m sure it would do far more for the valuation than getting Brians face on main stream media.
Just read the article awfully generous of Brian not wanting to partipate in the scheme not that he didn't get a shed load back via bonuses and free shares...charlatan!
This part I am struggling to find evidence.
'Some shareholders actually didn't want us to return anything,' he adds.
Sorry Brian how did you breach that comclussion?
Share holders who voted down Board Resolution are not necessarily saying keep the money they just dobt agree with the chosen mechanism for return of value...that's two very different propositions....you're implying a false narrative!
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!
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!
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"
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.
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! 😉
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.
Don't think anyone takes any notice of someones suggestions with multiple fake id's.
The FAB cost will be amortised over x years for depreciation
Wouldn't really call it 'flashy PR' but a more trustworthy front man representing Nanoco would be preferred - any suggestions ?
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.
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,
Can't give any guarantees as I will never trust you or your motives - I've been very lenient regards your recent insults.
@BC
Fully agree and IMO necessary as we are talking about commercial orders now and hopefully from little acorns .....
My motives are to make me money.
Talking money is crass so I'm not going to tell you what I made last year.
@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.
@404X
O.K. - but wouldn't describe any of the actual delivery as 'flashy' - quite the opposite.