Member Info for Kooba

K

“Listening to BT today” on the full year presentation from Oct.

Troublesome if we remember one of the key reasons for accepting the settlement was the time value…then we had to wait a year to get anything meaningful now shareholders look like they are going to have to wait a bit longer.

Listening to BT today he said Samsung wanted to wait a year and they didn’t need the money straight away so we said ok…what a negotiator for his shareholders!!

A company has continuing obligations they can’t sit on news and orchestrate around what they know or might expect to massage a share price…god if only the board had a clue how to handle news flow effectively there might still be some enterprise value!

Not sure what is complicating for you ..the ceo set out alternatives and I am looking at the possibilities. You may be over simplifying tbh..you think these make all these platforms inside before announcing their intentions..erm no way.

Nothing appears of the table so however much you personally think it might be that doesn’t alter the fact of the options the board have publicly set out and reviewing them.

As to whether announcing intentions are late..its BT that stated January with the results presentation so it’s reasonable for them to meet their own announcement targets I reckon..though that might be a first.

The year end results come out mid Oct As they have a 31st July financial year end.

Their interims to end Jan normally come out end of March.

They have said they will give details of capital distribution in Jan..they have missed that even though the funds arrived before deadline.

Waiting for year end results makes no sense at all and certainly not what has been promised.

I’m sure whatever is decided will be communicated properly and there should be good notice of all timing and actions required.

Most of the possibilities will require a shareholder vote anyway so the clock is very much ticking on getting anything back in February imo unless it is a special dividend which could still take a month to get the cash even if it was announced tomorrow as far as i can tell. From announcement to ex date to payment often longer than that.

‘A B share scheme returns excess capital to a company’s shareholders through the creation of B shares (so called to distinguish them from the company’s ordinary shares), followed by the payment of a dividend in respect of the B shares or their redemption, buy back or cancellation. Historically, it has most often been used by listed companies, although not exclusively.’

It might be complicated. But there may be a way of issuing B’s that then give the holder a choice of dividend or capital redemption in the same amount. So they get to pick income or capital ?

As said not an accountant or tax expert.

Yep there has been changes but you would have thought Nanoco were aware of that last Oct if it was a no go…I’m not an accountant. Aviva did a capital return by A and B in 2022 so not that long ago. There is a video on this link

https://www.aviva.com/investors/return-of-capital-2022/

TG2D

Just imagine BT at home with the missus.

"These ski googles are fab.... Mavis do you think we can get Netflix on them...hmmh..or maybe even po£nh@B for a bit of hanky panky"

I’d really rather not !!

If you continue listening it covers the distribution which they will update on in January..super.

They do mention there as well and special dividend , buyback and tenders an a share b share option ..this might well be an alternative that gives some choice though it is quite a complex process.

Quite old but the basics

https://www.lexology.com/library/detail.aspx?g=9b667b44-3597-4bcf-afca-769e97883b44

This is interesting at 59 mins ..BT saying that if they were not informed where dots were used then they would tear down products and if they could confirm the presence of their dots would announce. Slightly surprised at that but its seems to be what he is saying. Could there be a VP on its way to Runcorn shortly?

2023 full year results presentation..very well worth listening to including the q&a s.

https://youtu.be/-wEXT3I3OaY?si=i18dpl5ku_SD76vg

“Meet the new boss

Same as the old boss”

doesn’t bode that well…

Thought the company had said that do not see any mass device such mobile take up until 2025 in a presentation ..be unlike them to mislead on something like that.

Would be so good if there was some clarity on commercialisation , cash distribution just about anything might give us more facts to pontificate on than just blind hope and supposition.

Here’s a treat for nanoco holders lets hope..

https://youtu.be/UDfAdHBtK_Q?si=gCdm60k2hcHhK4MW

So we had multiples of £100m just for us historic use up to end 2020 or mid 2021.

We then add on to end 2023

We then add on global

We then add on all future use of extent of critical patents.

We then add on the value of a no fault white flag.

One wonders why there were some punchy estimates out there?

But they were no imagined they were from the company.

Also from that date the company’s case went from strength to strength looking at their updates clearing every hurdle that Samsung threw in front of them..including Samsungs pre trial objections to all of Nnanoco’s models so whilst i think we all acknowledge there was still risk going to court we had never been in as strong a position with Samsung exhausting all its efforts to frustrate the process. We had also been given the parameters of agreeing any settlement before trial. If anyone thinks we met the parameters given they are mistaken.

I would say if you feel that you have a case worth pursuing against a party like Samsung and so do a number of litigation funders ( who operate on a basis of low success would be 10 times legal cost ) you have to be prepared to go all the way ..the hurdle they didnt clear was having the balls to go to court.

Troublesome that was obviously a comment on multiples of market cap (£100m) on 10m of sales at the time , by time we were due in court the historic sales US alone were multiples of that. There was a later presentation that set out the parameters of any settlement something about fully valuing the patents for the lifetime across global markets …not about selling some patents and getting materially less than the then reduced market cap.

We won’t get bullied again though so all good.

Its investing its not meant to be an endurance test or a life sentence.

But describing anyone who has invested on a few years basis as short term is factual wrong. Short term trading/holding really refers to days or weeks possibly months.

I am glad as a long term holder you think the settlement was great..i not sure you are in the majority though.

For clarity i have retained a core holding since first investing ..i have top sliced and added back around sentiment a few times.

.. i have traded out at much higher levels a couple of times so am active and recent was a buyer below 20p again..

Never sold all of them …which in hindsight was a shame !

Yes i have said i first bought into the stock in 2021 below 20Pso that figures i have traded out at much higher levels a couple of times so am active and recent was a buyer below 20p again…if you think that is not reasonably long term and just jumping in ahead of the court case then i make you wrong. The fact that long term holders loam and RG dumped on the settlement is that LTH being happy with the settlement..i think they were invested pre listing.