Member Info for DamayHill

Temuchin, come on man, you can't expect other people to do absolutely all the work for you! At a minimum all you have to do is scroll through the posts already made on here today. Or - and here's a radical idea - read the RNS released this morning.

'I’ve always said there’s a chance of a settlement'. Wow, really sticking your neck out there, buddy. My turn. I've always said there's a chance that the next baby born in the UK is a girl.

Hi Fevertreeman, you may be right re reputation - they certainly could have handled the revenue downgrade better. But I think the fundamentals on this will become too hard to ignore, so I'm not sure it will be that long, although we may have different takes on what a 'fair while' means! Even without further contract announcements (and you feel there will be a number), unless some material quality issue with the product arises, in the next 18-24 months this SP is going to double from current levels at a minimum and keep going from there.

Not sure I'd go that far but I certainly think the share price ought to getting on for double what it is and agree re low risk. My main issue with this is how overweight I am on it already, yet I want to continue to add at this price!

As an investor here with a very long-term outlook, I'm of course thrilled with today's contract announcement and the team's plans to meet demands as per the recent fundraise. I'm also not particularly fazed by short-term, temporary set-backs or a slight delay in profitability. The one thing I would say as a slight criticism - and I've sung the praises before of SCE's openness and transparency - is that they must have realised that the production ramp wasn't feasible (whether customer side or otherwise) when presenting during September. I guess the already low October fundraise may have been all the harder if there was some iffy news hanging around. Anyway, largely very positive and this SP still represents a terrific opportunity.

Hi Numptypi, to be fair the arguments are clearly and comprehensively set out within the readily available investor presentations and related Q&A sessions. I suggest you start your own research there and then come back with any specific questions which arise, which I'm sure various contributors to this board would be happy to attempt to respond to, including myself.

Uncle Doug, I completely agree. Not only do brokers virtually never get it right in terms of target prices, I'd say they only even get the direction of the share price right the same proportion of the time you would expect to call a coin toss right. I see zero skill or expertise for what are very well remunerated roles. Even when they get it spectacularly wrong, which is surprisingly often, they simply publish a new note to adjust their recommendation to the new reality. Any of us can do that. It's like saying "I believe x team will win the FA Cup" and then when they get knocked out in the quarter final saying "I no longer believe that x team will win the FA Cup". Brilliant, inspired.

I would love to see Sunak ask the opposition front bench to confirm that none of them holds any shares in major oil or gas, either directly or through a mutual fund.

On another note, it never fails to amaze me how consistently and notably wrong very well paid City analysts get it. The focus this week has been on profits and calls for more taxation but let's not forget that the average analyst estimate for underlying profit was wrong by about 35%! I can't think of many jobs were you are considered an expert and very well remunerated for essentially having a stab and regularly getting it so wrong. Auctioneers perhaps? Absolute guessers.

Thanks both.

I wasn't able to watch so thanks to those relaying the news. Did she say 10x higher (ie c.3p) or did she say 10p? Or did she say both? I'm not generally a fan of CEOs making overt comments about the share price as it suggests that's what they're focused on rather than letting it take care of itself, but it's hard not to get excited by comments like that.

Agree re tip of the iceberg, but even then it would be going some. I hope you're right and I'm wrong! Two thirds take up of the open offer. I wonder whether that is a combination of i) general condition of portfolios right now and ii) feeling slightly blind-sided and bruised by the offer price, even though the timing is for all the best, unavoidable reasons.

The line in the statement this morning "We continue to expect that this confidence in our future growth will be reflected by a significant contract award before the year end." really lacks any circumspection, so you'd think that there is a significant contract that is just awaiting formalities to get it over the line. The question is how significant?

Hi Al180, I am also very long on this! We'll have £150m manufacturing capacity in five years' time (should be closer to four) but it would take some extraordinary contract wins for turnover to be at that level by then, given current forecast is c£40m in 2025.

And it looks as though I've got my 4x subscription too, so perhaps demand was relatively weak. I'm happy to have picked up that many in the open offer though. Even if they dip to high 30s again short-term, this is a long-term hold for me and my largest holding, so 1,2,3 pence makes relatively little difference to me, assuming SP performance goes as I expect it to over the next 5-10 years.

Sorry BeContrarian, are you suggesting that the property market of the past 20-30 years hasn't been subject to the supply and demand forces of a free market economy? And that, short term manipulations notwithstanding, the direction of a share price isn't also subject to the same forces?

Well yes, I suppose so. If NANO win the court case, I doubt anybody will be suggesting the share price is artificially held at current levels until everybody who wants to has had the chance to buy. It's the same principle.

HenryHistorian, with respect you appear to be 'really angry' about the course of market forces of demand and supply in the housing market whilst at the same time quite happy to benefit from the market forces at play here, should things go NANO's way. You can't pick and choose which parts of a free market economy suit you.

It's an absolute horror show, no two ways about it, and mismanagement on a staggering scale. It's hard to know for sure whether it's deceit, incompetence or both, but I go with incompetence. To secure finance in March, which then causes you very material difficulty in October beggars belief. Did you not realise the terms of the loan GB? Did you not financially model it? Did you not build any risk or contingency into that model? Whatever the outcome here, It's just a pathetic level of business management.

I've subscribed for 4x my entitlement in the open offer so we'll see how weak the demand is.

This is currently a relatively tranquil harbour in a sea of red!

Thanks Alan00, another really great summary. As you say, one would have to conclude that the price is market environment dictated and with cheap credit options drying up, they really had no option. The fact that they were unable to wait even another month or so can only be taken as a good sign of expectations re the pipeline.

As I'm able to take a very long-term view, this causes me more excitement than concern. My dilemma is that, given the rationale for the placement, I really don't want to miss out on these prices but I am already very long on this. This is where conviction and prudence sometimes feel as though they are at odds!