Member Info for Kooba

Makes you wonder.

The thing is we have worked on the materials for 2 years plus earlier work ? and i would imagine that what the company produce is not immediately replicable and that they have sought to protect their methods and processes along the way so one would hope they are ahead of competitors in how they go about things after that time and are capable of producing consistent commercial volumes..as they have told us they have the capacity to do. Also as far as i am aware Nanoco do not have an exclusive agreement with STM so publicising their materials are being used by someone like STM would be an enormous plus in seeking other markets i would have thought.

What’s odd is that with STM there has been no secret in how they are getting improved performance from short and near wave infrared sensors ..they very publicly have demonstrated at trade fairs as easily found and have even released a scientific paper on the subject ..all over the past several years ahead of apparently launching a commercial product incorporating the benefits of QDs in SWIR …yet they never mention the product or where they get the super dupa dots in their film from as far as i can tell. The commercial sensitivity in them producing such a product is not at all secret and the fact they have had a development agreement with Nanoco that has been extended is far from secret.It becomes increasing difficult to see what commercial Sensitivity is involved and why! You would have thought like Samsung the benefits of using new QD technology in what is presumably an industry leading new product might have been up front and centre in any marketing and product spec…yet nothing and never any recognition of Nanoco “a world leader” in QD developments involvement.

I was of course referring to mass production of CFQD’s that was the subject … we have not commercially supplied CFQD’s to anyone ever as far as i am aware. Unless you think we have.

I was referring to the legal ability not the commercial ability which has been clearly demonstrated by others producing quality mass commercial product , something Nanoco is yet to prove.the article was interesting more in terms of how slow moving regulation is and the carve outs that happen which means the CFQD argument has not panned out in the way many expected a decade ago…and still is somewhat opaque how in moves forwards on some devices.

Much is made os the company’s apparently unique ability to produce CFQDs at scale , this is an interesting piece from a few months ago and i can’t remember if it was posted..anyhoo thought a refresh in the absence of anything else new.

https://displaydaily.com/cadmium-the-2024-update-on-quantum-dots-and-rohs-regulations/

258,447 shares @ 19.152p just over £50k worth.

Again if you strip out that print as it’s a double count they account for 48% of volume seems a number thats cropped up a bit too. So they must be propping things up as appear the only buyer.

One day we will know more.

How’s dat!

All good stuff on likely product , that agree seems most likely we know of ..but still be good to have a confirm. Also haven’t seen anything talking application of that devise. The low power consumption a major plus for mobile devices.

One dat we will know more!

I think we know stm have never mentioned Nanoco or any orders publicly as far as i am aware , Nanoco has said that stm have led them to expect further orders so we have the company’s interpretation of STM s Intent. Mostly we rely on Nanoco saying that stm did not develop this product ..whatever it is to sell small amounts of it..which makes sense but then we have no means of really being able to ascertain where the stm product fits in the global market for SWIR sensors and whether the stm product is gaining any traction. Odd position to be in.

I queried the forecasts given by the company and its marketing research and was told

“When we give guidance for the following year we include assumptions about revenue wins (this is normal practice for most companies). The alternative is to explicitly state that the revenue guidance is based only on contracted orders.”

So it is saying current guidance includes anticipated contract wins..which is what i have been referring to ..they are not anticipating any material orders that move the revenue forecast at all , one given pre first order which was for £8.5m revenue this financial year. I was somewhat disappointed in this, as was expecting there to be some build up.

As stated before current guidance makes no allowance for any additional revenue above and beyond Samsung accounting and the r&d work know about for the current year…so nothing is factored into their guidance for commercial revenues at all.

Adding to that obviously there is expectation of performance in the current year in the market from the company and broker Edison forecasts..so if there was further small orders that collectively materially moved that expectation I believe they would have to produce a trading update as soon as they were aware such guidance was wrong ..a “likely to be higher than current market forecasts” so the research could be updated.. The financial year closes in July and they often produce a standard update in early August.

Valid point..they made a song and dance of the first commercial order which i still believe is smaller than any guidance but since their business is making and producing nano-materials any additional order would not necessarily have to be announced unless it met disclosure criteria and it was indeed meaningful..it would be their normal course of business. They could also carry on the share buyback as it is arms length and again small incremental orders are part of its business model and should be expected.

Having said that i would have to say that getting a second follow up order of any kind could be seen as information that is public could influence and ordinary investors view and lead to a price movement” so i guess they would have to take that on board as members of staff would be aware of further orders and it could be deemed price sensitive if it leaked.

Scaling back buys due to volume but still seem to be close to 50% of the stripped out volume so they are taking any sells..this time working on the bid which seems more appropriate as is the price paid. Seems the volume may continue slipping back post tender as there is no news for now and it really will need something concrete to get some excitement going.

Don’t disagree that the selling appears to be drying up ..but the main buyer is the company.

Depends how they play it from here ..they can either try to buy down or can prop them up and even walk them better…though I would have thought they would want to buy as cheap as possible.

Evidence today is they prop and start paying up. Who knows. Ultimately the price will reflect commercial traction not be dictated by the company’s balance sheet activities!

Did you get how much spent so far ..I started tracking it but gave up!

Guess it must be a bit over £1.1m?

All sounds about right but I’m not going back over every day. If you deduct the Nanoco print and divides remaining volume by that amount will give you true picture. But the selling appears to be drying up yep and they still have firepower and it looks today that they were taking offers not just sitting there absorbing sells. To be fair it was a bad mark because they paid the high order book print for the whole fill when the broker must have picked a fair few up below that level. You either work the order for a commission or take a turn..Cavendish must have done both to get a print at 19.2p…just my nterpretation.

So well over half the volume represents their activity ..which is very aggressive, most buybacks are limited at smaller % of volume often maximum 30% , the idea being they don’t overly influence the price and chase the price up..maybe Nanoco are happy to do that.

On the basis of todays pri

257,812 @ 19.20p…19.2p being the highest print on the order book they are not just operating on the bid but are taking the offer, the 257,812 is bought by the broker in bits and then printed out to Nanoco at the end of the day ..so counts double in the volume figure…same as every day so they have been far larger % of volume.

Maybe , i think though that relative to average daily volume especially with smaller market cap the £100k a day was rather aggressive so best use of money is to buy at the most advantageous price..no need paying more really, so maybe they try to buy some down into any selling?

As to news something could drop at any time i guess but there is nothing regulatory due for quite a while now.