Member Info for Kooba

Indeed and what a way to start a Tuesday morning!

https://youtu.be/UDfAdHBtK_Q?si=46y23kEI7fzBxhck

Accepting the points on Edison ..it is what it is marketing material paid for by the company to get the companys view of things over to retail investors…and this particular effort is very detailed and better than their run of the mill rns copies. So taking that into account there is always some interesting pointers , such as Sony in there. But the biggest one is the repeated referrals to Apple and the bullish case which again is specific around Apple..now whether this is just wishful thinking or that they genuinely see this as a genuine and realistic bullish case its difficult to know..but it is unusual for such specific case and subsequent multiples of current share price targeting even for Edison. One has to hope since this is approved by the company and unlike previous efforts the company do not need to raise money any time soon that this is a genuine case and that the share price a frustration with lack of acknowledgement of their “achievement” is getting them to try to specify where they think they are going. Lets hope they are right.

“A best-case scenario possible for the c FY27 timeframe would be incorporation of two sensors (one front and one rear-facing) across a flagship Apple device. Individual Apple devices sell in significantly higher volumes than those of any other vendors. (While this bullish scenario is only one out of many potential outcomes, given the previous and current partnerships of both Nanoco and STMicro, we feel it is relevant to include it.) This could generate annualised product revenues in excess of £40m. In this case, Nanoco should be generating free cash flow well above the company’s FY24e EV of £15m.“

They could easily have bought a few million far lower over the past 6 weeks ..might have been better value. As said before real volume if it is them is 1.5m for the double count…the volumes would have been boosted by 30% plus if they had been buying over the past few weeks.

If you gave instructions to someone to build a position in a share ..they went very aggressive then stopped altogether and missed all the cheap ones when they dropped back then paid the high of the day when the price jumped 14% ..I’m not sure you would be that pleased!

Anyway let’s see if it’s them..

They held off buying any at 17p so they could pay the high of the day at over 20p..over 10% up on recent 5 day average price. Not the best in the market but it looks a profitable exercise for Cavendish.

You would think so however that was by far the highest trade of the day and well above the previous 5 days moving average…so i cant see how that complies with the shareholder approved parameters. The daily range shows as 18.2p to 19.72p with no other trade above 20p so i don’t see how that print complies. See what comes out.

“Pursuant to the AGM Buyback Authority, the minimum price that may be paid for on-market share buybacks shall be 10 pence per Ordinary Share and the highest shall be the higher of i) an amount equal to 105 per cent. of the average of the market value for an Ordinary Share as derived from the London Stock Exchange Daily Official List for the five Trading Days immediately preceding the day on which that Ordinary Share is purchased; and ii) an amount equal to the higher of the price of the last independent trade of an Ordinary Share and the highest current independent bid for an Ordinary Share on the London Stock Exchange at the time the purchase is carried outl”

Not necessarily…FY2025 runs to July 2025. FY 2026 starts in August 2025..so reaching cash flow break even in CY 2025 could be in either financial year ..i had always thought would be second half of CY2025 at best.

This obviously underlines the need to have eq annualised revs of £6m from product sales to show cash flow breakeven ..though there could be additional r&d or licence revenues from display helping that figure out.

All a bit odd this seems to have been videoed before the tender payout so 3 months ago.

The buyback runs towards the end of this year..is the quote.

There should be no excuse for liquidity or anything else today for Cavendish to be trying to participate i the two way volume…after all this is all very positive and Cabndish themselves see a 60p target.

The big display customer or is it customers ..at one point said there were 2 i thought could be exciting and gives a further spread of both product and sales route.

Don’t think there is anything that new as such but the whole thing with the interview probably sets things out better.

Period end cash Liam from a few months ago saying in excess of £20m , as one should have thought while Edison in todays note say£20m end of july.

As always the company has everything to prove ..lets hope they do.

Seems to be referring to OLED which is different to QLED which contain Quantum Dots ( and Cadmium) so not overlapping where there could be infringement as far as i can tell.

Differences between QLED and OLED

“The differences are clear from a technical point of view. QLED has more advanced LCD technology that uses LED backlighting, a liquid crystal layer and an innovative quantum dots layer. OLED eliminates the backlight thanks to self-luminous diodes that also switch on and off independently.”

https://www.ionos.co.uk/digitalguide/online-marketing/online-sales/qled-vs-oled/

“We believe that the key catalysts for the stock include gaining more visibility on uptake of Nanoco-based sensors in mass markets devices and signing up additional JDA partners, with management targeting adding a new partner in display over the next six months.”

What a partner in display might look like could be interesting,,hopefully earlier to commercial revenues than the sensor work one hopes.

They were forecasting £8.6m current year..now £8.3m

Cash at period end £20m..they have not completed the £33m buyback and have enjoyed significant interest income from holding the excess funds for months so not sure why cash has fallen from £23m level.as previously forecast post capital return?

But it all sounds great and looks a FAB opportunity ..maybe some folks will buy some? Which would be nice too!

Https://www.edisongroup.com/research/sensing-the-opportunity/33734/

There has been some useful debate at times that from my end i back up with research mostly from company comms which is all there is to go on..i question the comms others blindly believe everything and say its nitpicking to point out when they don’t align or timelines are missed.

I don’t focus my attention on just anttacking others as a number of the more recent accounts set up do i may not agree with others views if even when they are reasonable but am happy to debate.

Some just aim to be disruptive , abusive and close down debate…on here and in society in general it seems.

Not that much..but i have always tried to stick to the subject in hand and not just attack other posters…i am the one normally being attacked by name by the various new accounts that flit in and out without any content.

Try harder..

Ngr an amazing sentence..

“i want to discuss the business, not banal chat to prove who has the least wit or the smallest ****. i get the impression for some, it no longer works anyway.”

You really think you are not part of the problem??

Have them blocked its a total waste of time even reading the absolute nonsense they post normally a mix of psychobabble and abuse against any poster not adhering to an undying faith in the management ..multiple ids and lying about their use of them and some highly dubious and unaligned accounts of why their opinion is more valid than anyone elses ..that never line up or are remotely evidenced in the way they post .A absolute Walter Mitty and a very nasty over opinionated and under informed version. Ruins any chance of debate between vary opinions..the point of this type of board and always resorts in their simplistic way to abuse when exposed as a fake.Best reported and blocked..good reason why they were removed before.

No ..but i could make some up if you like. These are the only published ones..as i said earlier we do not have the full terms of the broker agreement ..which might set out amounts or timescales different to the ongoing or continuing nature they set out to holders in meeting their obligation.. You accuse me of misinformation..set out the basis of that comment based on known facts.

Tell me why if it is value accretive to buy shares at 23p it is not at 17p.

The basis of a share buyback as well as returning capital is to reduce the shares in issue which concentrates value to remaining holders ..they think the shares undervalue the business ergo buying them back here is very much in shareholder interests. Why stop?

The first was from the capital return document the secon on the rns confirming tender result and commencement of buyback.

Both posts cover the parameters.

The Company has instructed Cavendish to conduct the Share Buyback Programme on its behalf on a broker-managed basis, with trading decisions taken independently of the Company. Due to the limited liquidity in the Ordinary Shares, a buyback of Ordinary Shares pursuant to the AGM Buyback Authority on any given trading day may represent a significant proportion of the daily trading volume in the Ordinary Shares on the London Stock Exchange and could exceed 25 per cent. of the average daily trading volume. Accordingly, the Company will not benefit from the exemption contained in Article 5(1) of Regulation (EU) No. 596/2014 as adopted into UK law by the European Union (Withdrawal) Act 2018.