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Yup..big target and they are already in a better position post Samsung to launch a claim having established the validity of certain patents. I presume they have not made progress in convincing LG to take a licence so have gone legal. Hopefully LG will come to the table.

A few things going on now….rather hope some or all add value for shareholders.

But the new CEO seems to be keeping very busy!!

I watched the presentation and struggle to see where the “good” business is…there is indeed potential ..there always has been. But they do not have a sustainable business of any sort at the moment.

As to the market being right..it normally is and is always ahead of the curve on Nanoco…or has been.

As for Tesla..Those that bet against Tesla and there were many got carried out years ago..the fact Musk has stirred off course into politics has cost much in terms of the valuation. But calling things after the event is not really demonstrating anything.

Let’s all hope you are right in the future here and that the market is significantly undervaluing this business and the management demonstrate that through a sale at a mighty premium.

The market will show the way if it is going to happen..100%.

Https://www.investormeetcompany.com/meetings/interim-results-investor-presentation-28

On the investor meet company site now.

One must hope there is a good level of professionalism amongst the NEDs who will ultimately decide the fate..i imagine many of them will seek a graceful exit for all stakeholders..but one would hope that the shareholders who own the company come pretty high up in the scale of priorities to what is an acceptable transaction.

As said before a number of industry buyers or even patent trolls may not be interested in the operations and just the IP if such a buyer was the best outcome for shareholders one would hope that it was given due consideration.

Smithy

“If i'd of thought or been off work today, would have asked if the bod had a company valuation of their own they would not go below.”

I asked in the dec shareholder call if there was an amount the company had set as a minimum expectation at board level to proceed…unsurprisingly they would not open ..im sure the situation remains te same. But at least they seem committed to the sale process and have folks in the data room. The timetable of IOI in the q2 as opposed to summer also narrows down the timetable they have set. So one should expect progress and disclosure of whether there is interest at an acceptable level over the next few months.

They seem confident…but as a company they always are!

Good that they once again clarified that they intend selling the whole business including all the IP some were very confused but were adamant the company would continue with the IP and just sell the operations…that was always wrong and shows little understanding of events.

Some have little grip on reality.

Only thing at odds with is that they announced that CDX had been appointed prior to the rns early October last year and in December said the process was ongoing and well engaged. Today they said the process started in January …so unsure what was going on for 3 months…it makes the current timetable outlined make more sense but did it take 3 months to get started at pace??

Quite encouraged and have added..again.

Thought he dealt with questions well

My takes are that enforcement action on display IP not far off

That the next JDA is very short term and that more expected before the end of the year.

That the company must have a number of NDAs signed with potential buyers as they are in the data room.and that the company is indeed committed to sale..and are serious.

Good question at the end if all the pieces are in place except business development and the company is funded…why is it the right time to sell..he answered that the current listed entity and presume shareholder base is not the place to take the company forward.

Anyway at these levels there still represents decent upside if they deliver…and they are well aware they are known for no delivering.

Next 6 months will be telling on all fronts.

Risk reward seems very favourable.

Lots of assumptions over the years…delivery??

I blame Milkwood for everything…must be their fault!!

Pretty sure valuation would be done on the basis of dcf modelling based on the Samsung licence…but we have already had that lump sum up front so it must be on the potential of the company securing other licences..the IP right now is not generating anything for the company…maybe is for others if they are infringing.

It’s a stretch to come up with £46m on the basis of possible agreements when the company has failed to secure any commercial licence. Income except the litigation settlement.

As pointed out

Commenting on the external valuation exercise, Dmitry Shashkov, CEO of Nanoco, said:

“While we are pleased that the independent valuation exercise has confirmed the Board’s view that there is significant value in the Company’s intellectual property, it is important to be clear that this is an accounting exercise based on accounting methodologies. Realising this value for shareholders will depend on a number of factors, producing a range of outcomes and valuation scenarios. As previously advised, following the settlement with Samsung we are working hard to ensure that we protect this valuable IP against potential infringers while exploring other strategic options.”

A big factor is whether a buyer wants the loss making facilities and lease liabilities ..could they be a negative to some buyers of the technologies subsid?

The $70m idea from Samsung was an indicated offer before they had a full licence for the duration of the patents…and no one else had a licence at that point so would have given sole use. Now they have what they want so unlikely they bid..though not impossible to protect the licence they have further and for SWIR use? But to others i guess the largest manufacturer by far of QD enabled displays having that licence makes it less appealing as there would be no exclusivity? The fact as mentioned yesterday that the patent life of some key IP expires in 2028 should also be factor in determining the underlying value of the IP portfolio..certainly far less remaining than in the 2019/20 FSP ..i am unclear on the QD vision deal but they did have some revenues and some patents with far longer to run…it didnt on the surface appear to be a great deal for Samsung anyway…lots of disappointment in sector participants since those days…but just saying using those examples as benchmarks may not be appropriate.

Just because i am rather cautious on prospects does not mean i dont dream of scenarios that pay out 30p per share..but the tone of statements and share price does not in my opinion lead one to realistically expect that kind of result. If some serious steps up and puts something near acceptable on the table…the share price will tell you.

Divestment of the Group's trading business (the "CDX process")

· Making progress on strategic options with CDX Advisors LLC ("CDX") - contact made with a broad range of potential investors across relevant industries globally, with several actively engaged

· Expect to receive initial proposals from potential bidders during the summer. The Board will provide an update as appropriate in due course.

I think the word potential is doing a look of work …they also said they would move quickly if there was serious interest …which the ceo said it was in Dec. He also said it was a highly structured process that was running smoothly and was well engaged 4 months ago. To now be told there could be potential for indicated proposals during the summer certainly does not indicate that the process or level of engagement has been that serious so far and they have left a vague idea of when they might hear of any indications before the end of August i guess. So there are no bidders at the moment ..only potential ones ..but anyone they have spoken to could be a potential bidder until there are indications of interest firmly lodged and NDAs signed

There is little to get too excited about with the update given.

Again pulling $70m out of nowhere without a basis is just wishful thinking. I genuinely hope these high ball figures come to fruition but nothing is giving me a vibe that anyone will be paying that level.

Having listened again to the last results presentation it does appear the new CEO is committed to finding a buyer as he believes the small co structure is holding the company back and thinks it should be within a larger industry or financial entity..so seems on board to find a buyer.

What’s not true exactly?

Was the whole strategic review and sale process a bit of a ruse to keep the wolves from the door …bit like the great danger of disrupting the strong commercial prospects just about to be delivered last time they were challenged? The board have convinced themselves there is great value…the market and potential bidders do not seem so convinced ..for now.

Much to prove beyond talk…as always!

“..not so long ago you were saying something very similar about a daily seller since january. It is possible to get dispensation for very long delays before reporting trades. I'm guessing you are out of nano at the moment, would explain the low valuations when you know they won't sell at that sort of price?”

Yes it did look like there was a persistent seller as others noted but it was not confirmed as Milkwood and in the absence of that confirmation I took it that it was not them. What dispensations for not reporting movements across % levels above 3% are you referring to…any shareholder in a U.K. registered U.K. listed company needs to disclose such changes as soon as possible but within 2 business days to the issuer…the issuer then has to make public as soon as possible but within one trading day.

So if Milkwood have driven down the price and are out as you contend they are breaching disclosure rules.

I have not altered my position since last BS comments when I bought shares averaging about 7p …and posted the prints. So do make guesses ant my holding …the low expectation is based on the consistent low delivery. I have said several times I do not expect an acceptable offer..straight forward.Managing expectation seems important here ..you just post big numbers from nowhere and without any justification especially as they seem to be making no progress on attracting bids. Just talking high numbers here won’t influence whether anyone is interested in paying that level! But would agree having valued the IP recently and independently verified it taking less would seem odd but not impossible…they don’t need shareholder approval to sell the business if they think that is the right thing for all stakeholders. Hence my not receiving an acceptable offer position.

SmithyB..

Milkwood walked the sp down from mid-teens to where we are now. Their engagement with shareholders was nil.

You must explain this walking back business…what evidence is there.

The last update was they held 16m just over 8% ..how have they walked them down.

Are you saying they have broken securities regulations and have sold their holding without disclosing the position change?

agree on the interaction but the board with their surprise strategic review and discussion to try to sell the operations in the best interests of shareholders somewhat stymied them I guess.

That was it seems part of their plan anyway !!

says someone who has never had any credibility at all but lots of usernames and no ******* clue about anything. 100% wrong every time that’s you terry..absolute a hole.

how’s that job hunting going …still looking for new opportunities it seems.

witless.

Closer to £100m than £60m…what on earth makes you think that?

And why are the folk at Milkwood spanner’s for goodness sake ,they bought in cheap made a proposal to the company that was rejected outright and the company then aggressively attacked their new largest shareholder (bit of a habit) , then suddenly did a strategic review out of the blue and put the company up for sale to defeat a GM…again something this company seems to do ..promise lots to defeat shareholder action then deliver bugger all. If Milkwood has exited ..no confirmation and has managed to extract a profit they will be one of the few larger holders to have made money in this serially disappointing counter for a long time! And will have done rather better than the new management who are already significantly underwater themselves…spanner’s!

It wasnt exactly a positive last time directors bought it marked a spike in the price not seen again since…but if they thought the shares cheap at 14p maybe they might seek some at these levels now they are clean to deal…results out no indicated offers in. Maybe though they were more optimistic at the prospects of a quick deal back then ??