Member Info for bonzoful

Looking for information on the geographical spread of Nanocos revenue I came across the following figures for the year to 7/23 [7/22] on page 108 of the 2023 Annual Report.

South Korea £2963k [0]

Holland £1423k [£1474k]

Japan £447k [£244k]

France £385k [£348k]

Taiwan £323k [£351k]

.....

Total £5618k [2467k]

A decent spread of countries. Setting aside South Korea/Samsung, growth in revenue came from Japan. I don't expect a geographical breakdown with the half year report on 8 March. But we might get an update of the chart mapping development of Nanocos sensing portfolio (page 15 of the annual report and various presentations).

Your negotiators always look for signs of fallback positions. My guess is Samsungs negotiators looked at what the people who funded Nanocos case had done before. And with hindsight that is what others should have done as well. It will be the funders who decided to settle.

I hope BT was focussed on the negotiations with Samsung and sending them signals to try and get the best possible deal. Without the risk of a jury trial. More fool us if we failed to appreciate that. And I include myself in that. I now hold a significant chunk of Nanoco. The forthcoming dividend will help diversify a bit. But the key thing for me is Nanocos future business. And it looks like we have to wait 18 months more before significant orders are expected. So I expect a low post dividend share price. And hope the Board remain focussed on future orders.

Nanonano

The size of the promised distribution (10-12p per share) and lack of news on future contracts seems to me to make it highly likely the ex div share price will be in or close to, single figures. A share buy back programme might make a temporary difference Though I doubt it. A lot of contributors on this board arrived during the court case and I expect them to depart as the settlement is made and distributed. We then have an 18-24 month gap before finding if the next generation of nano materials can be made commercially successful. I have a lot more confidence in BT than ME. But don't expect the market tp follow. A bumper dividend, 18mths without much encouragement then boom or busy seems likely.

Todays RNS refers to "the self-financing position that is expected during CY25". Fantastic potential once that reached.

But suggests no substantial commercial order expected this calendar year. Once the 10-12p returned to shareholders we may be back waiting for orders during CY25.

Maxi

For me the answer is tied to what can be said about future business. Comments on here are focussed on the dividebd/capital return. The sunbsequentv share price will depend on what the Board can say about future prospects. Once again exchanges on here seem to me focussed on the wrong question. Deeply grateful the discussion on here is not connected to management of the business. If it were I would have sold long ago.

Worth giving the new NED a chance to consider the options and discuss with other Board members. And, if allowable, talk through the options with the other due to join the Board later in the year.

Crucial to post dividend/capital return option is what Nanoco can say about future business. If nothing then we may see a return to single figure share price. If something then so much the better. There would be plenty of criticism of the Board on here if the Directors saw a specific commercial prospect ahead but distributed sums to shareholders shortly before being able to say anything about it!

Daz423

I have mentioned 2 or 3 times in the last couple of years ( before you arrived) my suspicion there may be a tie up with the introduction of driver monitoring systems (dms). I am not technically literate but dms will require low power monitoring of eyes in both light and darkness. Stmicros new product to be launched in March is said to have those characteristics. Those who are technically competent on both this board and that of the DMS leaders, Seeing Machines, are not taken with the idea. DmS is compulsory for all new cars sold in the EC from July 2024 and from july 2026 the DMS must include monitoring of the drivers eyes. Similar regulations are being introduced in China and the USA. The Seeing Machines board is as fed up as most on this board. The delays have been similar. A contributory, but inconclusive, reason for suspecting a link.

On 3 Feb 2023 Nanoco issued an RNS with a trading update covering the half year to end Jan 2023. They don't have to do the same as quickly this year. But anything they do say will be interesting. The more light Nanoco can shed on the prospects for revenue in future the better for the share price after the 10-12 p has been paid to shareholders.

Before the legal case this board was full of contributions from people who understood the technology. My hope is that at some point they return. The less abuse aimed at others the more likely that is. Abuse hurts none ( because it gets filtered out) but closes down contributions from others. Which I ( and others) might otherwise learn from. Once technology established commercially happy to turn off.

Nanoco issued a trading update on 3/2/23. Hoping something similar on anniversary. If not my exptations will rise each day.

Kooba. And HH.

I agree with you. And have enjoyed the fact different perspectives have been exchanged in reasonable terms. ( I only filter a couple of contributors for using abuse). It's different perspectives, insights knowledge that make these sites worthwhile. I would give them no time if all thought the sane as me.

HH

It is. Shareholding takes time. I am disappointed by the theft by Samsung over a decade. I am glad it has been stopped. Have strong belief that adding quantum materials to silicon chips has a fantastic future.

This chat room used to have members who knew much more than me about the technical possibilities.They have, with one notable exception, left during the vitriol spread during the legal proceedings that stopped the theft. Perspectives differ.

Kooba

LTH did not lose faith. It was those who arrived during the court case who complain long and hard. No idea how long you have held. But you have not been posting many years, to my recollection. Indeed the details provided by LSE show you joined this chat room three years ago.

Max19

I don't believe the criticism of the Board is reasonable. Shareholders, not it, are responsible for their trading. Including any losses. I retain trust in the Board. And all my shares. A few bought at 9p. Most at a lot more.

I would rather Samsung had paid what they ought over the last decade. I blame the previous Chief Exec, ME, for not protecting the IP. The Board including BT have obtained some compensation without taking the risk of a jury trial. If Nanocos dots are in the ST Micro sensor going into mass production in March the future looks rosy.

Fair enough: I note your scepticism, have seen another opinion and am unqualified to adjudicate. Will keep waiting then and see what happens. Someone has to sell the DMS going into cars sold in from July.

My guess is a lot of the business will go to Magma, who will use mirrors with STMicros new sensor in it. That has been available for trial in recent months but has not been priced. The sensor goes into mass production in March. All seems a bit tight to get mirrors into cars for July. But a chance things will happen come March.

Daz423

Apple, and no doubt some others, are protective of information about who they are purchasing components from. So they will impose restrictions on what ST Micro can say about orders from them as a contractual condition. And require comparable conditions to be cascaded down to sub contractors. Nanoco are likely contractually required not to say more than they have.

My guess is that is not what interested our new NEDs. ...

As I understand it, put a layer of nano particles on top of a silicon chip and you can transform its speed and the range of waves it can operate, crucially covering the IR spectrum. There have been whole industries Nanoco have explored and withdrawn from over the years for lack of cash: solar power, detecting cancers and horticultural lighting come to mind as well as sensors and display. Sensors are going to be a massive market as machines interact with humans. It would be a shame to sell out just as Nanoco have the cash to start developing the use of quantum materials. And my guess is that what interested our well connected new NEDs. A one off sale would not be that interesting.