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April 25 (Reuters) - European chipmaker STMicroelectronics on Thursday lowered its full-year sales guidance, the latest semiconductor company to struggle with weakening demand from carmakers and a further decline in orders from laptop and phone companies.

The warning came after the company posted lower-than-expected first-quarter results.

Headline miss and lowering guidance ..unlikely to be any read through at all to Nanoco but further evidencing recent challenges facing the semi conductor sector. Might look in more detail later to see if there is any specific mention on sensor markets.

Well thats another 496427 bought at .1994..the £99k worth.

Including the double count ie bought by the broker on order book and then printed out to Nanoco when they get the £99k worth done…they are now buying more than half the volume which is an unusual thing to be doing as they seem to be by far the main buyer they are supporting the price..i thought it would b in shareholder interests to buy as low as they can.

Https://news.samsung.com/global/samsung-showcases-innovative-ai-tv-technologies-at-2024-southeast-asia-tech-seminar

Xenon again

Maybe they worry they won’t be able to buy back in any lower SP? There were some large buys yesterday (4 alone over 150k shares) in addition to the company buy-back. The big buys are likely to be from shares tenderred getting back in with a nice profit. They don’t seem to think the SP is going much lower... Those people who already sold can’t exactly sell more shares to lower the SP, whilst the company still has £2+m to spend buying back shares – on top of all those expecting to buy back in.

If you do not understand how a broker works an order on screen in an order book and then prints out one transaction to the client at the end of the day then please don’t comment on market activity or who or what is going on to suit your everyones desperate to buy back theories. Its getting embarrassing now.

Wow what an incredibly dull post that has nothing to do with the company and everything to do with someone’s state of mind and their ability to make silly allegations up.

Xenon you post diatribes on other o posters ..right? Interesting use throughout a post ..right??

Anyway stop with your silly theories and making stuff up. If you have anything relevant to the company please post.

Xenon

One of the de-rampers previously said on this board that LOAM were called into a secret late-night meeting with Nanoco management and must have had an insight into some negative news that made them want to tender their shares. Except… the management team have already told us what they know and LOAM doesn’t have any better insight into STM’s plans for future dot orders!

Please point to where this was said..i said that they would have had a post results one to one meeting as is quite normal as they are the largest shareholder , same detail as the investor presentation I imagine and that it had obviously not convinced them not to tender ..and in fact they tendered every share they owned. No suggestion of late night inside information at all..so stick to facts.

If you think Mr Hamoodi had a one to one meeting after the results you obviously are not up to speed on the relationships.

If you are struggling to make a valid point don’t make stuff up xenon.

Troublesome..i think referring to anyone you know very little about as evil is not appropriate at all and should not be posted on public forums but folks using anonymity as a shield.

On point are they holding back information..doubt it very much , i just don’t think much is going on right now and the company and its marketing are reflecting that in their current year forecasts.

Since the thread is on analysis of selling..

One fact that stands out on the buyback is that now on 4 out of past 5 days the company has bought back almost bang on £99k of stock per day so seems that might have been set as an appropriate level per day. But it does mean that they are over 20% of volume as of yesterday so that is a major prop on the shareprice.

The on market share buyback is being done on an arms length basis so there is plausible deniability once it starts if there is a positive or otherwise change in underlying trading ..

However since directors were unrestricted in dealing in the tender one must think they were clean of having any inside information on commercial progress.

“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.”

The idea that the company has held back inside information deliberately till the capital return is done would not exactly paint them in a good light.

Looks like he has sold over and above the tender.

He has gone from 13.084,542 to 3,376,183.

So that looks like a 75% drop in the holding

Likely tendered whole holding ..then depends on where the shares held as to what was accepted i guess. Or has sold further shares post tender. Still has a 3.37m shares.

Re the buy back , If they complete the buyback at current levels averaging say just above 21p then they get to buy back 14m shares for the £3m reducing the shares outstanding to 186m but the cash then falls to £23m or 12.3p per share. It really is about the commercial delivery knowing whether paying that premium now makes sense or not ..time will tell.But when it gets close to using up the £3m committed it will be interesting to see if new EV levels hold up or revert to pre tender market value equivalent levels.

Troublesome..it’s all a conspiracy i tell thee..I got to the office early today just to delete any Charty posts..LOL.

Anyway happy Earth Day for all the cruisers and non cruisers, the overconfident and the slightly more pessimistic with life experience.

One day there may be some real details of how the materials are to gain commercial traction so we can discuss the guidance given in more detail.

I always try to post a link to articles I think relevant so folks can read the whole thing even if the article was 5 years old and written by a PR guy.

https://www.yorkshirepost.co.uk/business/the-need-to-put-to-an-end-malicious-postings-on-investor-bulletin-boards-1751978

I would be delighted if there was more stringent adherence to the codes of conduct myself as I think these boards have real use..as it goes so does BT as he used the fact something was mentioned on a chat room rather than the company once as proof of market guidance..that was interesting.

As to analysis of selling. It's an order book, so order driven not price driven. So if an order such as a buyback is working on the bid and absorbing selling is it a sell ? or a buy by the company. The analysis on these and other boards is not a definitive breakdown of buys and sells at all ..it just guesses around the spread. So it is impossible to isolate what is a buy or a sell. Though I would guess there were more sellers than buyers into the end of the week as the shareprice reset to find an equilibrium. See where it goes from here but unsure they will rerate until there is some transparency and news flow around ant commercial build up.

Morbox ..until that announcement no one in the market had a clue the company would be selling a chunk of its already scaled back IP portfolio even if they did delve into the court documents showing ALL the models ! Who knows what Samsung wanted and why !

Just find it a bit dull when apparently we all should have dug below the surface into court documents and not trusted the company sponsored narrative around the settlement to get a view…which would have been totally at odds with the company narrative and marketing. . Now when we do question the latest narrative we are told you have some dark reason to be doing so and must be on some payroll. The estimates of post tender valuation on a like for like basis were explained and fact based but were in hindsight attacked by newbies who had no pre tender view expressed and tried to foster a only way is up viewpoint in the process…that indeed was just a view but was put forward as some sort of fact and any other view was rubbished , I hope folks didn’t jump in at the wrong level.

Some might reinvest sure but not sure after the initial odd response there is there a real hurry?

As to what some of the larger holders who tendered their whole holdings do..seems anyone’s guess. If they factored in the all important ( apparently) reduction in shares outstanding rather than the resulting cash impact per share then it would be odd if they thought they could buy them all back at a significant enough discount to tender. But LOAM are the professionals and I’m sure know what they are doing.

They don’t seem to have removed them though. On loam confirming they had tendered their whole holding we got..

THIS IS GOOD NEWS!

You guys commenting on this are twisting information again. Who do you work for?

Do you think that is balanced or constructive ..there was no twisting of information and it’s reasonable to think the largest long term institutional holder selling out is not a positive for a number of reasons. The question as to who other posters work for is typical nonsense ..you try to make out you are balanced…far from it. You are intolerant of others views and are only prepared to hear overtly bullish views such as your own..”dodging bullets” before they go better again type comments trying to influence investment decisions .

Why are you so worried in the price short term anyway…over 10 years invested from much higher levels and you only get motivated around where the price settles after a significant capital distribution. None of us will hopefully influence peoples activities and I certainly don’t try to but a bulletin board is a place to discuss and correct if facts are incorrectly posted…but it is somewhere where varied opinions are encouraged and not for personal attacks .

Please post as much new information supporting the build up of commercial revenues as you can..if I can be convinced I might not ask so many questions.

“I requested that my previous posts be removed and I walked away for a few days.”

I can understand why , but perhaps you explain why you requested your posts be removed.

Long term investors with absolute confidence in the company which is fully funded for years now should hope for a lower price for the company to buy shares back surely , the lower they do the more concentrated interest in the successful delivery of their targets the better. Those that profess to be long term seem more concerned at the short term price that anyone rather than best bang for buck short term..sit back relax the price will sort itself out and what happens short term will not have an impact of them creating transformational shareholder value down the line ..if they manage to.

All the conspiracies and someone driving the price down is a bit on nonsense ..it’s a small tech company with mostly underwater private investors..stop jumping at shadows.

I don’t tend to remove my posts rightly or wrongly and folks that like to cite historic posts should probably be honest and leave their comments up for reflection.

That was of course aimed squarely at charty not you troublesome!