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It looks as though Nanoco have delivered on every 2023 objective set after the Samsung settlement, including a first commercial order (first of many) and the appointment of not one, but two non-execs with incredible contacts and commercialisation experience.
With validated IP, competitors crumbling, full manufacturing in place, strong partnerships with the likes of STMicro and fully funded for years, I've always thought that commercialisation was the weak point. Lets hope the new NEDs improve how Nanoco commercialise and build customer partnerships.
I'm looking forward to the details of the return to shareholders in Q124 and more commercial orders and partnerships throughout 2024.
Happy Christmas and GLA, I'm very happy to hold and see loads of upside.
Hi all, I'm a new holder (read about Solgold in MoneyWeek). This is a very active board and there seems to be lots of debate about Directors & strategy (develop vs sale). Would someone have time to summarise the situation in laymans terms pls for new PIs? Thanks in advance.
I was hoping for some solid announcements on project finacing and offtake before the year end.
All recent updates have been bullish on progress and level of interest, fingers crossed they're finalising a small print and make an announcement of Villeta financing very soon. This should bring real clarity to the project economics, and hopefully enable investors to value Atome (and significantly lift the SP).
What do people think about the SP approaching the special divident in March (assuming it's a 12p special dividend).
Will punters see a 68% return based on the current SP, look at the business more closely and realise that the fundamentals and potentials are compelling, causing a healthy rise in Q1?
So more of a pop than a boom.
This is a minnow share, I suspect this will climb over coming days as we're likely to get some press coverage over the next week. This is an important first step and I'm confident the £££ will follow, as we sign more deals and work packages over the coming months to raise revenue, and it's won't take much to push into profit and then regular divdends. When that happens we'll have a rapid re-rating.
There won't be any more dilution and with limited liquidity, as revenue climbs the SP with rise quickly.
I can see this taking off as they make more progress.
@Troublesome - the last update (17/10/23) was:
'Discussing contract terms of our first ever commercial production order, expected to be received before the end of CY23'
So they're past validation and negotiating the contract, which should be announced imminently. You don't spend years collaborating, testing, optimising and validating to start negotiating supply, and then pull out and forget the whole thing. Everything done so far will have been based on a commercial framework, they'll be discussing fine detail now.
Expect an RNS any day.
https://polaris.brighterir.com/public/nanoco/news/rns/story/w9my74x
And one more:
- Some more mainstream financial press coverage, particularly when we get the first order, which will further drive the SP.
Also, I see BT has been given a heads-up, sanitised his FB a/c
I'll also add to the wishlist:
- RNSs re further purchases by new and existing larger holders, as this is increasingly de-risked as an investment with significant upside.
I'm now hoping for some quick fire newsflow:
- First commercial order confirmed - This month ideallt
- Appointment of non-exec with sector experience & contacts to drive commercialisation opportunities, and hopefully with their influence build up marketing, Biz Dev and communications (trade and investor). On the comms front, it's cheap to do and very effective - produce videos, regular updates and commentry, attendance at events and trade shows, keynote speaker spots, etc.
- Confirmation of method & amount of return to shareholders - end of Jan /early Feb (return in March).
On the wish list:
- Further work package collaboration announcements, adding to FY24 revenue
- Announcements of licence agreements with infringers
‘The JDA helps to underpin the Board's expectations for non-license fee income in FY24, which are in line with FY23 and is also expected to deliver additional sales of test materials during FY24 and FY25.‘
Non licence revenue in FY23 was £2.7m, so we’re in line with that, but they expect ‘additional sales of test materials during FY24’ plus the must anticipated and imminent first commercial order which will likely add £0.5 to £1m annually. So the FY 24 revenue should be approx £3.5m as a minimum, likely more.
Cash in bank after return to shareholders will be £20m, and cash burn is £6m, so we have cash for approx 8 years. This is all about large orders and mass adoption, which all independent analysis indicates is a given, from 2025 onwards.
Nanoco (by end March) will have:
- no debt
- cash for 8 years
- likely to be cash positive from 2025
- proven and defendable IP
- a platform technology with many fast approaching applications
- large scale production in place
- credibility as a stable, funded, high quality supplier of unique products
- likely income from licence agreements with other infringers.
- plus this work package IMO increases the chance of an upper end return of 12pps in March
- inbound non-exec to help commercialise quickly
I’ve said before I think that they were sloppy re guidance on the settlement, but I think they’re trustworthy and are in a great position to scale over 3 years. I expect the SP to be many multiples of today by end of 2025.
You can pick these up for effectively a single digit price when considering the guaranteed return in March.
People are paying over 18p again - small steps at the moment until the order is announced (any time), and then details of the return to shareholders in the New Year.
Good luck all, this is just the start of the climb. I hope we all look back on the current SP as the bottom, as it's effectively single digit when you consider the guaranteed return to shareholders of 10-12p in March.
Exciting times coming.
These guys are great at investor comms which will help the SP as milestone progress newsflow comes in.
I guess the big significant announcement we should have before Christmas is financing and offtake agreement for Paraguay, which will show the full project economics.
Exciting times! I'm trying to add small amounts on dips.