Member Info for Kooba

Think you will find that that was Brians suggestion that he thought it unlikely that the materials were being used in any marketable devices at the time of the interims…so take his word for it…but he doesn’t know more than us apparently !!

We are over 9 months into FY2024 to be precise. It’s a July FY end.

If it was a one off “commercial” order which they knew was not to an underlying customer but for scaling up purposes by STM and that process would take a while might have been better to explain as such if that is the case.

There is much talk of follow on orders etc when maybe there is actually no “commercial” product with the materials in even available yet?

The guidance

“As previously announced, the Board's expectations were for a first commercial production order prior to the end of 2023 and that the first use of the Group's materials would be for low volume applications during FY24 and FY25. “

‘Demand is expected to grow gradually, enabling Nanoco to deliver the goal of being self-financing during CY25. Earlier adoption in more applications, or by more end users, has the potential to accelerate that expectation. If the infra-red sensing technology is adopted in high volume, mass market products, demand for Nanoco materials has the potential to grow very rapidly beyond CY25.’

This was with with the first order statement https://polaris.brighterir.com/public/nanoco/news/rns/story/wv4520w

This was reinforced with the interims "Delivering our first ever commercial orders was a huge achievement for the whole Nanoco team. Sales volumes of first generation materials are expected to grow gradually over time to deliver a cash breakeven position during CY25“

Gradually and time are the question?

Also the company refers to low volume applications which i think brought many to believe there was an actual underlying device..when perhaps there is not yet. Comms comms comms..

Anyhoo it’s been over six months since we received, manufactured , shipped and invoiced that first order and time is moving on and there is no gradually showing yet.

They might well be in the scale up phase..i think Nnanoco has highlighted with their current ongoing work programmes that you get to validation then it goes to commercial scale up which can be another 12 months…no idea on first gen materials but we got to validation and “first commercial” order likely begining of Nov 2023 so if there a similar timetables we/many have been looking for direct “real” commercial sales too early i guess.i don’t know but judging from the forecasts for current financial year it may well be later in the year when there might be a product commercially available to underlying customers. Again this could be interpreted as poor comms from the company around expectation..it might also explain the drift.

Not trying to talk anything down but make sense of where we might be down the commercialisation road..happy for alternative takes.

An issue is once again Nanoco finds its short term commercial success in the hands of one company , time STM. It is hardly surprising that folks want evidence of where materials are going and what STM are doing with them from past experience. The oft rolled out STM have not spent money developing these products without wanting big sales does not totally cut it for me, STM are a massive outfit with many many irons in the fire in the markets it addresses..what they have spent with Nanoco is small beer. It would just be nice at some point if STM acknowledged Nanoco or its materials in anything to support the company’s confidence.

Typically we define near infrared (NIR) from 780 nm to 1400 nm and shortwave infrared (SWIR) from 1400 nm to 3000 nm. But it is also common to refer to the entire range from 780 nm up to 3000 nm as NIR or SWIR.

http://image-sensors-world.blogspot.com/2022/09/eetimes-europe-article-on-emergence-of.html

So possible it is different industry definitions involved too.

Thats InGaAs the existing near and short wave infrared sensor method that is hugely expense. The STM (and a number of others ) approach using QDs is a far cheaper method with similar results and far more effective for small or mobile applications.

Not sure X where that takes us in reality..the Stickel stuff and research paper has been posted many times over the years as it has been about as you must know , so nothing much new to even mid term holders there to be honest. As to another new sensor ..might be relevant but it’s still difficult to tell from any up to date STM information what our materials are actually likely to be used in.

I think he said Sharp had showcased something but I can’t find anything. I am guessing they are not our Asian customer if Nanosys are highlighting it …so someone I’d producing CFQDs for display..Nanosys maybe? Problem also is that Samsung display supply others leading electronics companies and they have the licence to do what they like around CFQDs I guess.

Where QD in display is at..they seem to be far from over .

https://youtu.be/gguj6zn8IWI?si=QMkYd-5drIq92CM4

No logos on the shirts though..bloody amateurs.

X Some of those who sold all of their holding at 24p (HL) have only reinvested part of the funds back in at the 18p level so while you might take that as a great positive I’m sure others might not see it as quite as bullish as you..but I can only speak for myself and happy to see lower prices to average a few more back in , though have a few other things on the radar at the moment.

Looking forward to some new news here…would make a change..

You see NGR they are YOUR opinions and aren’t verifiable facts ..i don’t agree with those opinions but that does not make you a flesh eating zombie though.

Note to self..check spelling and tenses before posting.

I think we all know you are great supporter of the company and especially the ceo and always have been ..but it is possible for folks to have alternative opinions you know and to question where the company finds itself on commercial delivery and valuation and the reasons why that might be , and the buck stops with the CEO ( thats why they get the big money…responsibility!)without that opinion be denigrated ( like that) by you. Believe it or not you job is not to be the defend of all things Brian, is it?

Think before posting such dross fella…thats a dictionaries definition and the true meaning..check your vocabulary maybe.

It is quite possible to hold a share that has not performed in line with expectation and be critical of deliver of value where the valuation is already discounting further non delivery and therefore not worth selling.

If everyone saw the company and management as super with no criticism at all i sure the share price would better reflect the value that the company and their fans maintain is there and at inflection point. Judging by the share price and share register there is less unrestricted support than some think.

In June 2022 when the company raised the funds at 37p the two major shareholders LOAM and RG owned about 38% between them..they did not support the issue putting nothing in. RG has now exited and LOAM are down to 8% of the company. So they have in less than 2 years dumped 30% of the company predominantly on retail investors with some very timely and fortunate selling on opaque announcements around the settlement.. Both these investors were very long term as were holders pre IPO. There is no real sign of any institutional support replacing these holders with even Christopher Mills whose comments were put in an rns supporting the board around the GM last seen selling ( i believe the whole holding) before the tender . So when folks talk of long term shareholder support they need to look at that in the context of some of the best informed long term institutional investors have walked. Maybe they too have just not seen their expectations on delivery met and had enough? But if you strip out those shares voting there is no evidence that the current executives are that well supported..folks like to get a return on their investment not just more jam tomorrow, the next AGM in 6 months might be less supportive unless some meaningful progress is delivered quite soon.

“This whole thread is pathetic. You’re all ghouls.”

And this is a constructive comment in your world is it?

Noun

plural noun: ghouls

1.

an evil spirit or phantom, especially one supposed to rob graves and feed on dead bodies.

2.

a person morbidly interested in death or disaster.

Are you on medication??

Neds are there to approve strategy and oversee the executives delivering on that strategy and be there to hopefully give advice and support where necessary ..the chair has a slightly different role but they are not there to run the company or execute on the strategy that’s for BT and senior executives.

One might see the new non-executives buying stock if not restricted whilst the buy back ongoing ( if it is !) But it’s unlikely we will hear anything directly from them to be honest…it’s not their role .

What might worry them as the valuation shrinks back down is the prospect of a hostile takeover. They no longer have the likes of loam and RG with effective blocking stakes they once had at the time of the strategic review ( when I believe a respectable offer was rejected) .so if an industry player offered a premium now they might get some takers. Many we say but I would reject X Y Z however if a £30m odd premium to cash was put up it might get enough support to win the day ..who knows. But they are not necessarily safe for that long I suspect.

👏 👏 👏

Yes LOAM undoubtedly voted their holding in favour of BT at the AGM ..pending court date and all that and I’m sure they were consulted on the capital return and got their way. They then sold as many as they could and exited the maximum possible for them at 24p. Votes at AGM are interesting but voting with your feet is far more definitive in what you think of a management i reckon.