Member Info for Kooba

Think nobody has said the NED appointments are negative in any way as it goes, I have made only very positive comments and they have been discussed extensively..not news really. The existing NEDs on the nomination committee and the headhunters they employed came up trumps and hopefully the new NEDs will assist in delivering strategy and holding the executives to account on behalf of shareholders as is their remit.

This is intriguing though is when you say

“My optimism has been increasing the more I've been digging into the prospects, and I couldn't see some of the stuff I found had been shared on this BB - or certainly it hadn't been shouted about as much as I would have expected”

But then do not post what wonders you have found..you often say after someone posts ..oh I was just looking at that or beat me to it. Are you not now going to share your fresh information?? Odd having held for all those years too that you are now starting to look into the company..happy research, looking forward to some contributions.

Good spot !

On the end bit…However, FactSet analyst consensus is forecasting revenue to reach $10.7mn by 2025 as the operational investment starts to take effect.

That £10.7m Cavendish forecast to July 2025 is £6m allocation for samsung settlement and the ongoing £2.5m from the r&d work. With that £8.5m same as expected in the current year the company are still expecting £3.6 -£4.8m cash burn. In 2025m with the additional £2.2m of revenue for the year forecast they are still expected to burn of £3.5m to year end July 2025.

How do they get cashflow break even in CY2025….Like Cavendish …i have no idea.

Density = sensitivity

On a buy back note there does not appear to be the normal end of day print out in £99k worth of stock though volume was no lower than recent days..so maybe a change of tack. Will see on Monday if they were involved or not i guess.

Much is on trust and Yole predictions of potential sector growth..same as when display was the thang..which didn’t pan out as anyone expected. Company presentations and Cavendish note rely heavily on such industry wide research pieces and it has a place but it does not give any clues on how Nanoco itself plays a part in it any such growth ..repeating that STM went into a joint development agreement with Nanoco because they want to make money from commercial volumes from SWIR sensors does not provide a roadmap as to how Nanoco do.

Since it is open that STM is the development partner and customer and that stm have produced demos and papers on using CQDs in achieving enhanced performance ..its difficult to know what the commercial density clouding any detail is about. I’m sure competitors such as Samsung Sony et al will be more than aware what is in STMs film and in what sensors. It’s hardly top secret…also if as i understand it Nanoco are free to sell Gen 1 materials outside of the STM agreement so you would have thought getting publicity on the efficacy of the wares might have been a rather good thing ??

I certainly have my feet on the ground ..and the five year super cycle developing a new product is due now since they started working on this over 4 years ago ..it would be good if there was some real evidence on stm products of using not even Nanoco materials but CQD or nanomaterials , not just third party guesstimates of potential market expansion ( didn’t prove that useful with qd displays!) or for statements saying STM hasn’t spent money developing products with us for small sales…STM is a very large company and likely has many irons in the fire , its annual r&d spend is $2b . The potential in SWIR sensors is there and apparently our materials will play a part..soonish. Just a tiny bit of evidence would be nice…at least STM has finally allowed little old Nanoco to mention their name even if the one and only order from them is very small…maybe things can get a bit more open shortly.

Can’t actually remember if this was posted but the scientific paper on STM using QDs from Feb 2023 . Unfortunately no credit to whoever supplied the QD’s or clues to the products to market featuring the QD technology. Its odd there is no secret that STM are using QD’s in the SWIR sensor technology ..but then they do not seem to mention it in the spec although it produces very enhanced results.

https://csmantech.org/wp-content/uploads/2023/06/14.1_2023-CS_MANTECH-paper-Feb-2023-V2.pdf

300mm fabs are go.

Good luck with research..there is very little to work with so you likely know as much as anyone else. They have had one very small commercial order from STMicro involving two materials . We have no idea of the end customer or use…or for how much the first order was for cash wise. Marketing the sensors that have the materials in is entirely down to STM we have not been told the product that the materials are in but this seems likely..though does not mention nano materials or QDs in the spec. So we don’t even know the STM product for sure.

https://www.globenewswire.com/news-release/2023/12/07/2792565/0/en/STMicroelectronics-reveals-a-new-global-shutter-image-sensor-that-offers-high-resolution-in-a-compact-form-factor-and-low-power-consumption.html

So there is little to go on apart from the bullish guidance by the company and the cashflow breakeven targets and what that would have to mean in sales..which seems rather ambitious.

Be delighted if anyone can add any further detail but having tried I can’t get beyond totally relying on the company narrative and have no independent sources to collaborate what they say. Unfortunately while accepting decent upside from current levels if they deliver on latest guidance , there has been a habit of moving goalposts so it would be good to have something more concrete to support the latest targets. But as you know I am somewhat sceptical as I judge more on past delivery than future promises.

I thought the timing of the initiation of coverage note from the new broker Cavendish who were appointed Dec last year odd as well as the PR push when in reality there was nothing much new to talk about , I thought their price target very generous as there is so little evidence of traction as yet , though their forecast post tender should be higher still as they obviously see far more value in the organic business than the market. Was it timed to cover backsides, don’t see why , directors were participating so pretty sure they are not working on any information not in the market. Might it have put some shareholders off selling ? Maybe , but sensible to treat shop targets with a pinch of salt .but if it did it enabled those that tendered their whole holding like LOAM to get more away at 24p than they might have I guess. I think there is a concerted effort to push the valuation up ..this seems mostly a vanity exercise as the company has never had 3/4 clear funding in place before and has no need to seek funding at all.

The only thing with the Cavendish note on orders is they forecast £8.4m FY to July 2024…this is against the £8.5m forecast by the company Oct 2023 before the first order so they are not factoring in any additional revenue above and beyond the R&d and Samsung contribution. So if anyone thinks there is nailed on business in the next few months it’s news to them too.

They are now nearly a third through the committed funds and at this rate will be done in another 20 business days at this rate …they just seem in a bit of a rush to get it done when they have authorisation till December.

Do I , what makes you think that..it was just a commenting that with all the massive amounts of share buybacks currently ongoing in the U.K. market I am not aware of another that buys a fixed amount of stock a day irrespective of volume..if you know of one do tell.

Well there’s the print.out Cavendish have bought another £99ks worth which again looks like over half the pre print volume…very odd way of going about it most buybacks restrict volume participation so they they don’t chase their tail and get best value for shares holders.

This seems very aggressive now.

Worth looking back at the Edison note on the STMicro deal 4 years ago..

They do comment on there being a minimum size commercial order ..which has never been disclosed, but the Nov order did not move the 2024 revenue forecasts.

https://www.edisongroup.com/research/supply-agreement-with-stmicroelectronics/26954/

I doubt STMicro would behave in the same manner as Samsung who are probably one of the most sued defendants in IP infringement cases in the US courts.

But with big companies focus can change and new approaches to markets and demand can change. STM have been collaborating for quite a while with Nanoco now so I don’t think they will just do a Samsung , but I don’t know who else they might be working with..that’s the thing with confidentiality agreements difficult to know if there were any parallel or internal developments ongoing. Noparticular reason to think so ..but one very small order in six months since validation for the 2 materials ( thought there was to be 3 ?) for SWIR sensors with the Gen 1 materials does not appear that strong yet and with the non toxic Gen 2 s already advancing its difficult to see the ramp up in demand just yet. The advantage of the Gen 2 materials will be that the IP is better protected by Nanoco core patents I understand.

“My concern here is that Nanoco have been supplying dots in small quantities for an initial (and successful) evaluation programme with STM electing to produce dots in-house for commercial production.”

But surely that can’t happen in commercial joint venture agreements using Nanoco IP ! Oh !

“There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again.”

― George W. Bush

April 25 (Reuters) - European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and a further decline in orders from laptop and phone companies.

The warning came after the company posted lower-than-expected first-quarter results.

Headline miss and lowering guidance ..unlikely to be any read through at all to Nanoco but further evidencing recent challenges facing the semi conductor sector. Might look in more detail later to see if there is any specific mention on sensor markets.

Well thats another 496427 bought at .1994..the £99k worth.

Including the double count ie bought by the broker on order book and then printed out to Nanoco when they get the £99k worth done…they are now buying more than half the volume which is an unusual thing to be doing as they seem to be by far the main buyer they are supporting the price..i thought it would b in shareholder interests to buy as low as they can.

Https://news.samsung.com/global/samsung-showcases-innovative-ai-tv-technologies-at-2024-southeast-asia-tech-seminar

Xenon again

Maybe they worry they won’t be able to buy back in any lower SP? There were some large buys yesterday (4 alone over 150k shares) in addition to the company buy-back. The big buys are likely to be from shares tenderred getting back in with a nice profit. They don’t seem to think the SP is going much lower... Those people who already sold can’t exactly sell more shares to lower the SP, whilst the company still has £2+m to spend buying back shares – on top of all those expecting to buy back in.

If you do not understand how a broker works an order on screen in an order book and then prints out one transaction to the client at the end of the day then please don’t comment on market activity or who or what is going on to suit your everyones desperate to buy back theories. Its getting embarrassing now.

Wow what an incredibly dull post that has nothing to do with the company and everything to do with someone’s state of mind and their ability to make silly allegations up.

Xenon you post diatribes on other o posters ..right? Interesting use throughout a post ..right??

Anyway stop with your silly theories and making stuff up. If you have anything relevant to the company please post.

Xenon

One of the de-rampers previously said on this board that LOAM were called into a secret late-night meeting with Nanoco management and must have had an insight into some negative news that made them want to tender their shares. Except… the management team have already told us what they know and LOAM doesn’t have any better insight into STM’s plans for future dot orders!

Please point to where this was said..i said that they would have had a post results one to one meeting as is quite normal as they are the largest shareholder , same detail as the investor presentation I imagine and that it had obviously not convinced them not to tender ..and in fact they tendered every share they owned. No suggestion of late night inside information at all..so stick to facts.

If you think Mr Hamoodi had a one to one meeting after the results you obviously are not up to speed on the relationships.

If you are struggling to make a valid point don’t make stuff up xenon.

Troublesome..i think referring to anyone you know very little about as evil is not appropriate at all and should not be posted on public forums but folks using anonymity as a shield.

On point are they holding back information..doubt it very much , i just don’t think much is going on right now and the company and its marketing are reflecting that in their current year forecasts.