Nanoco Share Chat (NANO)

The only thing that really matters is that the company keep on executing. Everything else is really just noise but it would be interesting to know who has been buying the shares, if it’s one of the institutions who have held before, like Lombard Odier, that would be an encouraging sign.

Yes you might have expected a TR1 but there you go.

I don't think investment platforms are required to issue a TR1 but could be wrong.

Interesting that we still haven’t seen any new TR-1 following the steady selling and larger block trades over the last week.

If one of the major disclosed holders had materially reduced, we would likely have seen a filing by now. Therefore, seems the stock may instead be coming from holders sitting below the 3% disclosure level.

Looking at some of the names often shown on shareholder registers , although I’m not entirely sure how accurate this is, there appears to be several holders sitting just below that threshold:

• UBS Asset Management: 4.34m shares (2.38%)

• Raymond James Wealth Management: 4.32m shares (2.37%)

• Union Bancaire Privée: 4.09m shares (2.24%)

• Interactive Brokers Group: 3.80m shares (2.08%)

• Bank Julius Bär: 3.26m shares (1.79%)

• Expedient Finance: 2.10m shares (1.16%)

• BNY Mellon Advisors: 1.86m shares (1.02%)

• Fidelity International: 1.82m shares (1.00%)

… because we can all trust a person quoting Shakespeare on an anonymous forum?

Traders have left the building now

Next week we really move a gear

“Methinks” - that’s from Hamlet as is …

"To sell, or not to sell – that is the speculation“

(Probably best not to use iambic pentameter on LSE though, there’s probably a rule.)

Casual

£69k trade

That’s what’s soaking up all the traders sells

Something big coming me thinks

Could be wrong but doesn't look like we'll get near 100 trades today. Perhaps whoever has been buying is just waiting for more shares to be available at this price and doesn't want to drive the price to 8p, but more likely they've done all their buying.

Will go higher, few wiggles and off she goes

The maths on a potential TR-1 is worth watching.

Based on the 195.5m shares in issue, Milkwood’s 8.18% stake only gives them a buffer of roughly 350k–400k shares before crossing below the 8% disclosure threshold.

So if that 1,000,000 share print today at 15:53 was them selling, we should know fairly soon because crossing below that whole percentage point would require disclosure.

If no TR-1 appears, it suggests either:

they were not the seller,

or perhaps more interestingly, someone else was absorbing stock and moving toward a higher threshold themselves.

Either way, with volume at these levels, the “blind spot” for larger holders is becoming quite small. Eventually the tape and the RNS flow will have to reconcile.

It's possible the large sell orders are from one of the activist investors who failed to take control – Milkwood or Hamoodi.

If that's the case, clearing that overhang might actually encourage more buying.

There aren’t many other others who had sufficient shares to explain the volume.

I wonder if we'll see an RNS at any point. We've had 13m+ shares traded in the last 7 sessions, a big buyer would need 6m to trigger an RNS.

Sammy yes mate. My thoughts exactly. Traders taking their 20%. But the prize is clearly much larger

I think 10p by close of play Friday

GLA

If no RNS's it could be whoever milkfloat loaned some of their shares to buying back at lower prices to close out the loan.

100%

That’s big money saying ‘make my big money bigger’

The rampers are loud, but they're not moving millions of shares. That million‑share trade is not the work of someone typing "🚀" on a forum. That's real capital making a real decision.

There are some large trades up to 1 million shares on the book so, whatever that means, it’s not a hollow pump. Someone is selling and the market is absorbing it.

Must be some monster background buyers

Sammy88, the public news was the interim results three weeks ago, confirming that the JDAs are on track, the cost base is reduced, and the litigation is settled. The market is just slow to react.

Maybe Milkwood getting their shares back

This ramping is daft.

There's been no public news to lift the share price so the likeliest cause for the rise is one big buyer accumulating. We don't know why the buyer is buying, but if it stops all things being equal the share price will plateau or drift downwards as it's down so often in the past.

You guys know it

Ready for lift off 🚀

At 6p a share have Nanoco turned a corner?

Near term targets anyone???

we just got called monkeys! how ****** 😅

nano nano. quantum

This could really rocket here now. Moving on the tinniest of volumes

Hammered down on low volume, loads of cash

Perfect set up

Looking at the trades, which is not my normal practice, it looks like institutional accumulating. Can't see the ramping doing much to change it.

To be honest, whilst I like to see genuingly thoughtful posts, I'm pleased the relentless negativity of the last few years seems to have vanished for the last two weeks. Curious coincidence though.

It may actually be the only thing to get Nanoco back on the move... some desperate pump n'dump comments from the Rampers in their boiler room sweatshop

The sad bit about Nano is no one has taken this technology seriously, they have toyed and then stolen the intellect. The greedy short sighted leadership of the time took the money and ran. There is a bunch of very smart people still at Nano who could have run for the hills but they haven’t. I have been here for many years and lost my shirt, I am hanging on based on the smart folk staying and doing a great job

Although the company won't name their JDA parters they have indicated in their presentations, which you can look up, that the developments are towards under screen sensors for smart phones, so, maybe look more towards companies who make those sensors - people like Sony and Samsung.

Biggest no brainer on the markets and investors starting to take note

£10m cash. They have no debt as far as I’m aware and the cash burn isn’t that high

And their IP is World Class

Let’s see how this ones goes next few sessions

IP is World Class 🌍

Currently valued at £0

Fully cashed up so no nasty surprises

The find of the month: NANO

Why Singly-doped Colloidal Quantum Dots?

Quantum technology is set to revolutionalise our daily lives. Quantum encryption is currently limited to distances of a few km. Quantum repeaters are devices that are being developed to extend the distance along which quantum information can be transferred.

Singly-doped colloidal quantum dots are excellent platforms for optically-addressable spin-qubits. These are key elements of quantum repeaters, devices that enable the range of quantum encryption to be indefinitely extended and the scaling of quantum computing. Quantum encryption ensures the security of electronic communications, including monetary transactions. Quantum computers will allow biological molecules to be efficiently modelled, accelerating drug discovery.

Nanoco has not named the Asian JV/JDA customers, so any list is speculative. The clues are that they are Asian chemical / electronics supply-chain companies, working on lead-free quantum-dot nanomaterials for SWIR silicon sensors.

Sumitomo Chemical / Dongwoo Fine-Chem

Big Asian chemical/electronics materials group. Dongwoo supplies polarising films, touch-screen sensor panels, colour resists, high-purity chemicals and photoresists for semiconductors and flat-panel displays. Strong fit with “Asian chemical customer” and display/sensor supply chains.

JSR Corporation

Japanese advanced electronic materials supplier, active across semiconductor manufacturing, display solutions and optical solutions. Good fit for QD-on-silicon sensor materials.

Resonac

Japanese chemical/materials company with semiconductor/electronics materials exposure. It fits the “electronics supply chain” language.

They're gonna need ALL that cash 🔥

Please yourself, but it is opaque behaviour which further erodes your ceedibilty (if you have any left).

Thought you didn't do ad hominem, or was that only last week?

So, so predictable

You are the devoted poster boy for this company so holding you to account - but no surprise you wouldn't answer a simple question. You much prefer the wriggle room..... and will be telling us you held no shares or a tiny amount when it all goes wrong (the possibility of a fantastic outcome should be discounted IMO).

Feeks, my holding is none of your business. The facts don't change whether I hold 1 share or 1 million. The company has a long cash runway and is executing its strategy.

TW, good morning.

A simple straight question for you to start the day:

Do you actually hold shares in this company, and if you do, would you please care to divulge the scale of your investment (relatively and/ or in overall portfolio terms), i.e. whether it is only a tiny fraction on an amount which is much more significant. I am genuinely interested.

My take, as you know, is that we are seeing the dying embers unfold and only foolish investors would not see that. But perhaps a moment to reflect is good for all.

Thank you.

Quoting in full context pal.

It is pathetic. Quoting out of context and cherry‑picking is not analysis — it's desperation. You can't engage with my overall position, so you grab fragments and pretend they stand alone.

“It's endless performative hypotheticals.”

From the character who suggested £200m would be nothing to many companies to acquire Nanoco. How about that royalty you felt sure was hidden in the details of the Shoei litigation agreement , or the carefully contrived trap Nanoco had set for those infringing now reaching its conclusion, with Shoei on the backfoot.

Is Terrorwit your real name then ??

Whatever their limitations, Edison and Cavendish are professional analysts who follow disclosure rules and put their names to their work. Forum performers here hide behind pseudonyms and offer nothing but speculation and insults.

Most silent readers will see the difference.

It looks to me that things won't be a disaster, as some seem to fear — nor will they be a spectacular success any time soon. It's more realistic to accept that outcomes will likely land somewhere between the extremes.

Nanoco will probably continue much as it is, growing gradually as the market matures over the next few years. Anyone who is certain of complete failure — or, on the other hand, a sudden, spectacular success — is likely extrapolating how they feel in the moment into the future without much reflection.

It's hard to see anything the company is currently doing incorrectly.

Getting more hilarious every post…can only hope you practise what you preach as there is no evidence of this whatsoever even when you are owned over and over when getting it all wrong.

But the sheer lack of self awareness is absolutely stunning.

It appears you spend your entire awareness repositioning everything that contradicts your certainties.

Wise people admit what they don’t know, hold uncertainties and remain porous to new perspectives, especially those that question their own but you’re unremittingly impervious. That’s not a healthy, sustainable or successful strategy.

You are funny…in a pathetic kind of way.

My observation is that you twist everyone else’s takes to fit your self image.

But far more interested in how the management tell the story tomorrow than any thoughts you have…I basically use your takes as a contraindication of likely events , which again has been a successful strategy.

The estimates that AI generated from available information overlap with other such research some showing higher prospective growth from a similar 2024 estimate level.

Such as

https://www.globalinsightservices.com/reports/quantum-dot-sensor-market/

This produced a few months ago by Global Insights

Global Market Insights Inc. (GMI): This firm is generally considered a trusted and reputable source for market research and strategic intelligence. They boast 13,000+ reports, 5,000+ clients, and utilize a 4-stage quality assurance process involving human analysts.

They suggest a similar size market 2024 whilst showing estimates of higher growth.

“Quantum Dot Sensor Market is anticipated to expand from $267.8 million in 2024 to $1,762.8 million by 2034, growing at a CAGR of approximately 20.7%.”

My whole point on putting any of this up is ANY industry analysis or the company drawing on such research to point at prospective growth rates has been of zero benefit in terms of the company’s commercial ambitions..hence asking the company where they see the approachable market and what market share they could get is a waste of time.

That is why the specifics of the aimed for revenues jump next year are far more relevent to the company right now.

When the share price goes down monday 20% at least its only a penny , i dont think i will ever get my money back .

“Yole can't predict the future any more than anyone else.”

So simply treat any forecasts as wishful thinking, exactly why Nanoco is valued cash or cause to,

Do you value yole analysis as junk?

Nanoco has referenced Yole — a respected research company and a legitimate source. But they never said Yole's forecast was a guarantee. It's a third‑party projection, not a promise. Yole can't predict the future any more than anyone else.

If anyone tries to hold Nanoco to Yole's numbers as if they were a binding commitment, they're making a category error. Even the best forecast is just an estimate. Markets often develop slower than predicted. That's not failure — that's reality.

I don't think anyone is selling quantum dot sensors in scaled‑up quantities yet.

From LinkedIn - a small signal. Nanoco is recruiting — actively building its R&D team for the summer. That's not the behaviour of a company winding down or running out of cash. It's the behaviour of a company expecting to execute.

🚀 Summer Internship Opportunities – Join Our R&D Team in Runcorn, Cheshire (UK)! 🔬

We’re excited to offer 2x hands-on summer internship opportunities for 2nd or 3rd year university students studying Chemistry or a related scientific discipline.

If you're eager to gain real-world lab experience, we’d love to hear from you.

🧪 R&D Chemistry Summer Intern Opportunity

What you’ll do:

🟠Work in a chemical laboratory within a quantum dot (QD) manufacturing environment

🟠Prepare and test QD samples to support ongoing product development projects

🟠Collaborate with experienced chemists and gain practical lab skills

What we offer:

🟡 Hands-on lab experience

🟡 Training and mentorship from our talented senior chemists

🟡 Exposure to cutting-edge materials and technologies

⚙️ R&D Device Engineering Summer Intern Opportunity

What you’ll do:

🟠Work in a device fabrication laboratory within a QD manufacturing environment

🟠Support the preparation and testing of prototype devices

🟠Operate and maintain laboratory test equipment

🟠Contribute to innovative technology development initiatives

What we offer:

🟡 Practical experience in device engineering and prototyping

🟡 Training on advanced lab equipment

🟡 Training and mentorship from our talented device team

🟡 Opportunity to work on real-world technology challenges

💡 Who should apply?

🟢 2nd or 3rd year undergraduate students with eligibility to work /study in the UK

🟢Studying Chemistry, Materials Science, Physics, Engineering, or a related field

🟢Motivated, curious, and eager to learn

📩 Interested?

Apply now or reach out for more information at hr@nanocotechnologies.com

🔴 Please note, visa sponsorships are unavailable for these opportunities

#Internship #SummerInternship #Chemistry #Engineering #R&D #Students #STEM #quantumdots #qd #qdtechnology #science 🟠

Today this reads to me that all any of you want is an echo chamber for your own performances.

But it’s a public forum where anyone can post within the rules. Even me.

JBongo - TW's postings are a constant source of amusement to many, including myself.

L2Play - it drives engagement/ user traffic so LSE won't care - indeed, it will be happy.

The last two results have been followed quickly by important news - in April the signing of the second JDA and starting the LG litigation and in November the settlement of the LG litigation. Could be something again.

I wouldn’t read too much into any modest uptick in trading, we’re only a short while into the new financial year, so there may be a few people moving money about.

Not much to be excited about Nanoco currently, see what they have to say in the interims, no announcement of a conference call yet, I think there’ll be quite a few questions from investors regarding the Shoei agreement.

I blocked tw ages ago. I would encourage people to do that rather than trying to argue with a brick wall

Possible events that could move the share price:

- new JDAs (I don't think the possible extension of the 2nd JDA will do anything)

- a sale, although they said they're not actively looking for a buyer in January

- media reports about swir sensors

- a big buyer who thinks the technology will be adopted building a position

No expectation that any of these will occur unfortunately.

Some chunky trades today pushing spread above 5p. Praying for some positive breaking news.

Any rational thoughts?

Nb with the interims a year ago.

“Increased the size of commercial pipeline to greater than ten projects, with strong focus on Image Sensor and Flat Panel Display markets, and additional early-stage engagements in other segments such as Photovoltaic, Agriculture, and Coatings and Paints.”

Looking forward to the update on our commercial progress.

I intend to engage in gormless speculation on this forum over the coming days.

Well more new lows for your posting NigWit as well as the share price …you are just a nasty little troll as you always expose yourself to be when you repeatedly lose arguments …posting personal insults because you have no answers.

There were also a similar number of votes cast against reappointment of the Shashkov, Bagherli and non exec Alison Fielding, although those resolutions didn't require the 75%.

… just like Kooba, obviously.

Next up on the calendar after interims perhaps one more full year, give the rump board the chance to eke out a bit more cash and think of someone else they can fail to sue, then administration.

But don't worry - when that day comes, TerrorWit will be on hand to kindly explain (via ChatGPT) why that might actually be a good thing.

Interim results are due anytime now

Hi could you tell me the next significant event in the Nanoco calendar thanks

With regards to the sensor materials ‘heatwave’ operating in the infrared wavelengths, Nanoco claim to have a commanding lead over competitors as of November last year. Currently the market for these materials is small, limited to some tens of thousands per annum, with lead sulphide materials which are unattractive to use in consumer devices.

The lead free materials are still in development and as of the last update they are close to achieving the benchmarks required for adoption in volume markets, but not there yet- those last miles can be the hardest.

With regards to risk, there are competitors working in the same space and they should be taken seriously. There is also the possibility that the tech will not be adopted at all.

It seems Nanoco Heatwave is the only thing left to cling onto. Having done some research, there seems to be little competition. Has anyone got a POV other than this pointless ongoing argument about royalties.

Lets hope Apple come back then, but I suspect they'll go to Shoei

An interesting take from Activmojo on another forum

Based on the legal disclosures from the Nanoco and Shoei Chemical settlement in March 2026, the following four core patents were central to the litigation. All of these patents are scheduled to expire within the next five years.

Expiration Timeline (2026–2031)

Patent Number Title Anticipated Expiration

U.S. Patent 7,588,828 Preparation of nanoparticle materials October 2026

U.S. Patent 7,803,423 Preparation of nanoparticle materials January 2028

U.S. Patent 7,867,557 Nanoparticles August 2028 (Est. based on 2005 priority)

U.S. Patent 8,524,365 Surface-modified semiconductor nanoparticles Late 2029 / Early 2030

The Three-Year Truce: The "non-sue" covenant agreed upon in March 2026 lasts for three years. This duration is strategically aligned with the remaining life of these foundational patents, effectively covering them until they near or reach expiration.

Transition to New IP: While these "first-generation" patents (originally used in the Samsung settlement) are expiring, Nanoco's newer portfolio for infrared sensing (HEATWAVE®) and cadmium-free quantum dots includes patents with lifespans extending into the mid-2030s (e.g., U.S. Patent 9,853,190 expires in 2034).

The settlement ensures that Shoei can continue its high-volume display business and Nanoco can scale its sensing business without the threat of litigation during this critical final phase of the patents' active lives.

Kooba, your joke about terrorwits was funny but reading your analysis is akin to observing a proctologist trying to examine a patient with a popisical.

Those three things seem perfectly right to me..it’s your answers demonstrating the header.

They have finite cash and would be highly unlikely to be able to raise more, currently now burning £300-400k a month.

The IP position is now the biggest competitors are commercially using our IP in the main field CFQDs are used in not sure there is anyone left to sue.

There is no evidence to suggest there is any royalty element in the Shoei agreement.The clear message of no compensation confirms it is highly unlikely as it would need the disclosure of price sensitive information.

The company has written off huge amounts of U.K. tax losses for r&d credits meaning they can’t be used to offset litigation gains. Most of any tax paid from litigation anyway was tax withheld at source of settlement and not able to be offset against losses . We paid local taxes on both Samsung and LG settlements totalling $5m .

So paying tax in these circumstances does not mean you are making profits .. no.

Why this forum is gormless speculation

Three examples:

1. "The company is running out of money and can't enforce its patents."

Wrong. The company recently sought a court order to join Apple in a counterclaim against Shoei. That's not the act of a cash‑strapped business afraid to enforce its IP.

2. "The settlement includes no royalty agreements."

Wrong. Royalties are the standard way to monetise patents — and they are almost always confidential. The company has stated that confidential terms exist. You can't claim royalties don't exist just because you can't see them.

3. "The company has never made any money."

Wrong. The company has paid tax on its profits.

My problem with the JDA2 chem co customer being samsung was the apr 2025 rns. I suppose all jda's are exploratory but this would have been a fallback for samsung for if metalenz didn't work out and they really shouldn't have been saying production in 2027 if this was depending on their preferred solution failing. Obviously like to be wrong but that would make the rns disingenous.

Interesting the speculation on who are Asian Customer 1 and 2 , I’ve always thought Sony being a strong contender for customer no1 but had not really considered that we would be back working with Samsung showing them how to use QDs in sensors , hopefully Hansol are happy with the prospect of Nanoco doing their homework again !

I’m sure Nanoco have learnt from past JDA experiences …you would certainly hope so !!

Whilst past history gives no comfort I think the current valuation is really discounting any chance that these 2 JDAs progress to pre commercial scale up and ultimately adoption to scale production for mass market devices and emerging as a sustainable growing business.

The share price though reflects the changing strategy and lack of clarity emerging from a sales process and litigation that has not met expectations. Hopefully the executive Chair will make a solid case for believing shareholder value now rests in an independent future!

The thread title is a masterpiece of unintentional honesty. "I hereby gormlessly speculate" — that's exactly what's happening.

I believe that us more in relation to devices at present being produced in the tens of thousands, and the consequent low scale resulting in higher cost per part.

So in order to get the price down a large scale customer is required, but that means they have to have something that meets their requirements in terms of performance and reliability.

At present it looks like no one has a material that does this, they may be close but no cigar.

Maybe nanonano - it was an oblique ref to Kooba's link to a report from the recent sensors europe were cost was given as the main reason for holding back adoption of qd swir.

TW

IMHO your comments about Nanoco being ready to sue Apple are "gormless speculation". I gormlessly speculate that just because they added Apple to the case was just a tactic that IMHO didn't work.

How Asian customer 2 might pan out if they move to next phase which the Nanoco management expect.

April 2025

“The target of the one-year programme is to optimise lead-free nanomaterials to be incorporated into global electronics applications. Once successful, the subsequent stage will involve scale up to industrial production levels during 2027.”

So this development agreement which we should hear if it progresses soon could contribute to that aim too.

I doubt there is much scope for delays.

That’s a statement of the obvious Kooba. Returns require commensurate risks.

We have heard breakeven targets before but ultimately the decision will be out of Nanocos hands , if one remembers they were highly confident on STM taking the company to cashflow break even , we got one tiny order then they walked.

So confidence can be misplaced as things change.

*to sue Apple

If one could turn the lights out using one of Nano's sensor one would but it probably doesn't work anyway. Apart from their cash position which probably got decimated with the latest round of legal action, and one Asian JDA customer that might or might not lead to any sales this is dead in the water.

As to my personal view : Only a few weeks ago the company was ready to sue Apple. That is not the act of timid business worried about cash.

I think the market is valuing the company at where it'll be 12 months from now, having used up another £4-5m in cash. With no more news of value between then, you should expect the share to fall further in accordance with the cash position.

They're pretty late with giving notice of their results this year too.

28 April 25

https://www.londonstockexchange.com/news-article/NANO/joint-development-agreement/17008951

4.6p Market valuation has never been lower.

I wonder if the second JDA has been dropped and something has leaked. Isn't it due for renewal around now?

Independent sources of knowledgeable people appear to support the opinion that there remain significant obstacles to widespread adoption of SWIR technology via QD's. Makes it somewhat difficult to envisage adoption of QD sensors at mass scale within the next 12 months or so.