Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
I asked for clarification on exactly who was consulted from Liam Gray and received the following:
“Nanoco has been transparent in explaining the proportion of shares (and holders) who were consulted. The majority (by shares and by holders) were institutions, with most of the remainder being holders of more than 1 million shares (including non-institutions and non-employees). Dr Pickett (our CTO) is one of the Top 5 shareholders in the Company and his views were therefore considered. The nature of our shareholder register is such that a broader consultation would not have been feasible.
The vast majority of those consulted expressed a preference for a Tender based return mechanism.”
I wouldn’t expect you to believe this NGR but I’d imagine that most people who have generated enough capital to invest in the company at a decent level have a good level of capability and competence and wouldn’t be swayed by opinions on here and aren’t “small minded muppets” as you so eloquently put.
This isn’t an echo chamber rather a place to come to discuss views on the facts that are presented. Maybe those views differ from your views, doesn’t mean you are right. The fact that the majority of investors here are upset with the actions of management would suggest that they have interpreted the facts differently to you. Same goes for other BB’s that I’ve seen.
Absolutely neither significant or exceptional Troublesome.
I’m lucky enough to be in the black with a large holding at 19p but see this offer as an insult. And those well in the red will undoubtedly be feeling more anxiety than I!
If the management are that confident, just give me my 10p-12p and let the results and growth do the talking to recover the SP. But they appear to be lapdogs to the II’s.
Https://x.com/nanocotech/status/1767234145837592588?s=46&t=cDbtnQgW84gTDB3QO2-kLg
Just noticed a Twitter post from Nano on the tender offer - patting themselves on the back. Some interesting comments underneath! I suppose it’s a decent place to leave feedback given the likelihood of the company and management keeping an eye on it.
If this tender offer is well undersubscribed (which I personally believe it will be at the measly offer) then they have said they would consider a special dividend (I think we’ve got two hopes). Given that the measly tender offer gives investors 4p per share when announced (looking even less now) then any special dividend will have to be lower than this in order to not p**s off investors who opted for the tender offer - so even more measly.
Could we really see Loam sell out and buy on the drop? Given the heat from what happened on that faithful Friday / Monday - would management really have the balls to play into their hands like this?
I’ve just emailed the company to ask them to confirm how many shareholders were consulted - not just the % of shareholding. It’s a pretty basic question and one that a company should be able to provide transparency to their shareholders on. Let’s see if I get a response.
Exactly FH! And then of the investors aren't lapping up the tender offer at 24p (a loss for a large portion) then will Nano return the rest as a divi (which they’ve said they’d “consider”) or will they just put it back into the coffers?
So at that tender offer price with many investors in the red (I’m lucky to be JUST in the black), how many investors will actually take up the offer?! Especially when 90% of purchased shares will be cancelled and push the SP up.
“ If a material amount of the £33.0 million is not returned through the Tender Offer and Share Buyback Programme, the Board will consider a possible further stage of the Return of Value comprising a Special Dividend.”
So will they distribute the inevitable left over money OR is this just an elongated way of not having to return a large bulk of it??