Member Info for FlyingHigher

Would it be fair to say they are not expecting any orders before Oct with that comment ?

Yes, that's the safest assumption

Yes I think they've encountered an issue, who knows?

It's an odd way to report a small delay as you're interpreting it.

The suggestion here is that gen 1 requires further development. We don't know what will happen with gen 2, so I am jumping the gun to say STM are walking away.

I think that's the signal though.

We'll see what happens in October I guess.

"Following customer dialogue, the Group no longer expects to receive a further production order for its validated first generation sensing products during FY24."

This is an admission that a previous expectation will not be achieved.

" The Group is working with its customer to understand the range of possible outcomes and any potential impact on Nanoco beyond the end of the financial year. The Group expects to issue a further update with the full year results in October."

This part would be an odd way to report a mere delay.

You're right to say I'm speculating on that but it seems so obvious.

The range of possible outcomes being: are we ending our collaboration or working on the next generation, which will hopefully work?

For those of us who have been around Nanoco for a long time, we've seen bad news reported in a similar fashion before and it has been bad news. You can interpret it as a small delay if you want to. I can see how you could deduce that, but let's not kid ourselves about the tone of the update.

The market has reacted rationally.

Which of my points are pure fiction?

Are you sure you're not living in complete denial?

I remember the fateful day in 2019 when the large US company (probably Apple) pulled out of production. The collapse from 50p to pennies left many shareholders in the pit of despair.

Over time, it became apparent that Nanoco had rejigged the production line and perhaps Apple were sourcing Nano tech via STM instead. Some shareholders found solace in this.

Apple had stopped doing it themselves and delegated. This theory was supported by their uncharacteristic donation of assets to Nanoco.

Then there was the takeover scenario that transpired to be part of the Samsung litigation prerequisites,where Nanoco were attempting to find an amicable solution to Samsung's misdemeanors. This boosted the share price temporarily, but led to no viable offer and a lawsuit ensued.

We were informed of two damage models for the eventual settlement: firstly, a percentage of the $14bn Samsung had made (x3 for wilful infringement), secondly compensation for loss of license royalties (x3 for wilful infringement). In both models this was just for the US sales. It was suggested that an all encompassing global settlement would be sought. Given the sums calculated from the models provided, investors got excited and the share price rose to 60p.

That excitement was quickly dashed when Nanoco reported a settlement of just $90m and sold IP to Samsung for most of that, yet the board of directors attempted to frame the outcome as a historic success.

The result of this was a major shareholder having enough and attempting to overthrow the board. However, the majority decided to soldier on as is for stability and the greater good.

As a reward for the 'success', shareholders were offered the chance to tender shares for 24p - less than half of the share price recorded when a settlement was touted.

Surprisingly, institutional investors bit Nanoco's hand off. That was an alarm bell, but perhaps they were reducing exposure. Why would such people sell when, as Edison reported recently, there was a bull case for a share price of 150p in 3 years time if sensing reached full-scale production?

Yesterday, we saw a 2019 styled update. It's dead again. STM have said thanks but this isn't viable. Perhaps more development is required.

I know emerging tech is difficult to master, but Samsung have made Nanoco tech work in their own space.

Something's not right:

DOW chemical walked away

Samsung walked away

Merck walked away

Apple walked away

STM walked away.

Osram walked away.

(Not in chronological order)

There have been several others.

If Nanoco technology works, why has every engagement failed?

Clearly the IP is robust - one positive from the disgraceful settlement.

Where are we now?

Nanoco have plenty of cash, solid IP but no clear business prospects.

Companies in this state are often sold off at a bargain price by frustrated shareholders.

That's my prediction.

They cut their losses and move on.

Or perhaps Nanoco will delist and go pri

Terrorwit I've rarely read such nonsense, even from you. The expectations of posters was based on Edison analysis. A major shareholder was also as deluded as you think poster's on here were because there was an attempted removal of the Board Of Directors.

I think it's actually just you burrying your head in the sand, pretending everything has been fine all along.

Other posters can read the coverage of indicative statements provided by nanoco and edison pre-settlement and see the obvious disparity between those and the early settlement. The money retained by nanoco largely comprised of the IP sale too, so even you in your completely blinkered perspective, would find it difficult to reconcile such a settlement with the statements given beforehand.

You choose to ignore this and live in ignorance.

Nanoco got shafted and tried to frame it as a positive.

20p after good news isn't optimistic. It's conservative.

Immoral investment*

I think I need to examine my conscience given the second fatality at Moma mine in 4 years.

The last one reported 1st September 2020 was tragic and now we have a second tragedy. Kenmare failed to learn lessons. Are they operating as a colonial oppressor in a vulnerable less economically developed country? Do they really have regard for their employees?

This news today both saddens and angers me. I hope there are powerful authorities to take Kenmare to the cleaners. The victims' families deserve answers.

My hope is people will bail out and others won't invest in this. It has just become an immoral investor in my opinion.

50p by the end of the year! Mark my words

The share price would tumble if the heart valve trial failed, but the cash, IP and business alone are still worth multiples of the current market cap, so it would recover. I really don't see a losing scenario at the current absurd valuation. This is a rare bargain, not even for trading. Just load up and hold.

I think this could be at 50p by the end of the year.

I expect my £1500 investment to pay off my £4500 loan. I'm confident.

There's not someone unloading, it's just the retrace as the traders leave.

They then create a narrative about how something is going on as they all head for the exit.

Same old story.

As I said, I will be topping up on a monthly basis because this is not hyped up rubbish, it's a sound investment prospect with cash for 3-4 years, on the cusp of major commercialisation with a huge partner, valued at less than 20% of even conservative valuations.

Imagine if the buy back completes and then Nanoco release an update on a large collaboration with STM.

Surely LOAM and co would have been mugged off?

Anything or anyone that generates interest and can encourage buys has influence Tiger16.

It's possible to tweet things and create a spike if you have sufficient followers.

davey50, I take your point.

I've been involved with RUA for many years now, selling out at 160p before the 510k disappointment and funding.

After the funding I bought back in and hold shares at 11p because I now believe the company to be potentially on the cusp of something big. I even think it should rise substantially on proper coverage just to move closer to a sensible valuation (55p on historic levels and 79p on fair valuation).

If Earl and others can get a better return on the multiples I expect from RUA over the coming weeks/months, then fair play to them.

RUA could be taken over at some point, they're too cheap for what they offer.

A takeover offer would have to be sensible too and at a massive premium to the current market cap.

Whatever a person on this forum decides to do with their own money is their business.

The so-called ramping you talk of is actually true.

I know the idea may be to generate a short-term spike on multiple stocks over a week or whatever, however this one is actually a sound investment with enormous prospects.

If Earl wants to sell on a 5% profit, that's OK.

I'll be here for multiple of that hopefully!

I've already gone in as big as I can and I'll probably be here longer than most on here, this is a great value investment and at some point the market will wake up to that. If news lands on the commercial progress, you won't be buying under 50p. That's not ramping, there's historic proof of that price on lesser prospects.

Yes 55p is the equivalent of where this has been before prior to the placing. 79p is considered fair value according to simply wall street.

That actually makes sense. 19p is the near-term target.