Member Info for BlahBlahDoh

Closing argument identical to when it was first announced 4 months ago. Far more lives will be saved by HCTs than lost. It's positive for OO that they are still "planning" the study, but every day of delay in actually starting means more lives lost or damaged which might have been saved. If it is not ethical then cancel it, if it is then start ASAP: seems like the ethics committee is still unwilling to commit one way or the other.

"As we closed the year, a number of small but significant commercial wins were added to our existing agreements with ST Microelectronics (“ST Micro”), including new applications in the sensing and display sectors, to give £1.0 million of contracted revenues for FY21."

" The last year has seen a number of enquiries on new applications for our nanomaterials in sensing and display.
The new framework agreement with ST Micro is a foundation for a potential move into commercial production in
the medium term. Key milestones to be delivered in the next 12–18 months will include the successful delivery of the
new material at an R&D scale in Phase 1 of the programme. This will then lead to a potential customer decision to
progress to Phase 2 of the development programme with a transition into scale-up activities in the second half
of FY21. If scale-up is successful, the customer will then have the option to move to preliminary pre-production manufacture
at Runcorn and ultimately to full scale commercial production thereafter."

Dr Christopher Richards Chairman 13 October 2020

From the Annual report on the website: https://www.nanocotechnologies.com/investors/results-centre/

That's from December 7th - ancient history - and the basic facts were old even then, unchanged since October. Complete radio silence for so long on HC studies is odd, unless you think no news is good news

I was a bit surprised to discover that the M&G property fund is STILL suspended. Starting on 4th December 2019, this suspension pre-dates the pandemic! They have been active selling properties though, including two in January, increasing the Fund’s cash level to 21% (from 4.8% at the start of suspension).

Thanks Spikeyj - this bit sounds familiar: " shares .. trade for a lowly multiple of less than ten times Jefferies’ forecast earnings". Never understood that persistently low relative valuation. Decolonising Jackson should make the balance sheet even more exciting for prospective Asian shareholders. I imagine Jackson are a black box to many UK investors, anyone have a clue about their dividend prospects? I suspect many will sell straight away and switch proceeds back to the mothership.

LSE treatment of words like Hankok is reminiscent of Monty Python: very, very silly. Some have speculated that the ethics approval has been given without announcement - that could be an explanation for the recent rise - but if so HandBok seems unaware of it. Question raiser Bell is a Conservative, so if they were going to announce it this would have been the opportunity, unless perhaps, its a preliminary test of the waters prior to a real answer. They work in mysterious ways.

Wasn't it CF who said 100% a year, not reach-for-the-stars again-Steps

Boring story Moany Man, heard it before, many times, many many times. The popularity of your fictional accusations suggests that there may be a lot of unsubtle posters who don't appreciate the concept of playing devils advocate, and seem extremely alarmed by it. You are their champion, defending the faith like a religious knight, Sir Moany of Complainingshire.

Thanks to those who engaged with a more original and thoughtful reply, but it's a shame that some people ignored the "pinch of salt" mentioned and reacted as if it was a recommendation to sell. Discussion doesn't need to be so binary. There was no criticism about the specifics of CF's changed outlook on wearables, which some responded with - it was just as good as all his previous versions - it is their inconsistency which was being noted, and a pinch of salt says the likely outcome should be judged with that context in mind. For the record, I do approve of CF, I just don't worship him or take his pronouncements as gospel. Blessings on you all, may the scary devil not bother you

It's petty and small-minded, but shouldn't we all start shooting whenever someone mentions a "Marksman" hearing?
BANG! Oops, right in the foot.

Biden's remarkably swift and wide ranging action on green issues makes the Apple/STM story credible, imo, with infrastructure projects and incentives making real change likely. Surprising that the market is picking up on it to the extent of noticing Nano though, perhaps something more specific has leaked

"I could have taken his words with a pinch of salt at 8p and 11p. So glad I gave him the benefit of the doubt."

Nothing to stop you doing both, they are hardly mutually exclusive. A pinch of salt is "subtley" different from avoiding with a barge pole

I agree Adzy, but the words were surrounded by quotation marks for a reason, subtle huh?

Boring U-turn posts by former complainers are getting repetitive: contrarian analysis is what we need, to balance CFs overenthusiasm.

So it turns out these facilities are fairly easy to create, contrary to what CF has said repeatedly - just rent a hotel and convert it, doesn't take long either.

Wearables deal, originally touted by CF as being done by the end of last year, then hinted as happening in January, now delayed further, and we're fobbed off with a label masquerading as a "brand", but not really worthy of the name when we still haven't made even a single sale, despite the alleged hordes of desperate punters clamouring for the "platform".

CF is a convincing speaker, and has achieved much, but a wise investor takes his words with a pinch of salt, and a pint of Guinness

"2.5 million customers were added in Q3'21" (from the recent RNS)
Spectacular growth for a single quarter! Market doesn't seem interested in this story yet.

"Still trying to understand why CF might be interested in a depressed s/p."
CFs words put a positive spin on every single aspect of the RNS, he isn't trying to depress anything. The market has seen the SP rocket over the last year and probably suspects it has got ahead of itself. Brokers probably see the accelerated revenue still falling into next financial years accounts as expected. If you think the price is artificially low, no need to make up a conspiracy theory, just take advantage of the low price, cos full year results will reveal all in a month or so, along with revised future projections - market will probably be pleasantly surprised.

Only pork scratchings really, waiting for some proppa bangers

This week's Economist reports on "TV's tech wars" (Page 68). Nothing new, but a good general summary:
"Samsung, a South Korean firm that is the world's biggest television-maker, and TCL electronics, a giant Chinese group, focus on LED models. By contrast LG, another South Korean electronics outfit, devotes its upmarket efforts to OLED.
These three firms now dominate the provision of television sets, jointly accounting for more than 40% of global sales"
Starting off comparing the strengths and weaknesses of LED and OLED in the current marketplace, it then moves on to micro-LED, described as a temporary technology leading on to QDs. Then it describes mini-LED as a different tech focusing on improving contrast. Finally, it discusses how Samsung pushes the durability of it's materials, whereas OLED materials have actually improved significantly, and OLED retains the advantage of flexibility, due to having no backlight, with see-thru models even being produced as prototypes.

Nano are not mentioned, and QDs are described as a minor or futuristic component: "used in some LED televisions as a layer above the backlight, an arrangement known as QLED... Quantum dots could, though, at least in theory, be used in the way micro LEDs are, as elements of individual pixels that emit their own light directly from the screen. It is early days, but Samsung for one, has been looking at some sort of hybrid screen which would combine quantum dots with OLEDs" .

Yes, Pru's MCAP something like $42Bn, Jackson estimated at $3.6M and the possible equity raise $2.5-3M. The ballpark figures help put the changed plans into perspective, compared to the huge SP mark down. Not clear why they abandoned the IPO route, but presumably not enough interest? Proposed dilution is supposedly to attract more Asian shareholders, and also to pay down expensive debt - both reasonable enough, maybe.

Large shareholders seem convinced the Jackson liberation will finally get markets to value Pru like other big Asian players. Well, patience is a virtue (or a timewasting card game). Like M&G, Pru bought Jackson with some guff about "synergies" or similar corporate BS, then let them continue operating more or less independently for a very, very long time, only to finally shift into reverse gear and demerge them again. Let's hope any Asian acquisitions are more prudent.

"the reshuffle should help uncover the true value of Pru. Analysts at UBS reckon Jackson is worth $3.6 billion. Once it’s fully demerged, the remaining group should be worth about $39.5 billion. Pru’s Asian business is expected to earn an operating profit of almost $4.5 billion by 2022, according to consensus estimates"

https://www.reuters.com/article/us-prudential-divestiture-breakingviews/breakingviews-prudentials-shortcut-adds-pace-to-asia-pivot-idUSKBN29X1S3?rpc=401&

The Hvivo website is slightly different from the OO one. It distinguishes the characterisation study (phase 1) from the main study, hence daygrow's confusing assessment of approval. In fact approval is needed before even the characterisation study, as it clearly states: " If the COVID-19 research is approved by regulators, it will begin early next year with results expected by May 2021." SUBSEQUENT phases will commence mid-year as daygrow states " Once the characterisation study is completed, this Human Challenge Study model can be utilised to conduct COVID-19 Human Challenge Studies from mid-2021 subject to regulatory approvals."

https://hvivo.com/the-human-challenge-programme/

Simple explanation is the price was too low and punters have noticed. As a binary bet this offers relatively good odds, newsflow has not been in Samsung's favour, and the Markman hearing is getting close. Alternatively, it could just be another big buyer taking a position who hasn't declared yet, we've seen that before. Then of course there's the lizard people - there is absolutely no evidence that it is not part of their sinister plan, the naughty reptilian gits, so we have to assume it is?