Member Info for Nanonano

I think the inclusion of an LG display with QD's in the Macbook pro is more significant. Macbook pros count for over 50% of sales in the US, the global sales figure for macs is around 25m units per annum, so if Macbook pros account for say a third of that, then you're looking at in excess of 8m screens per year.

Figures may of course be more or less, but it's still a lot of screens.

Last time the company was placed on the market, it was withdrawn after 5 months through insufficient interest. We're well past that now, which suggests to me that someone is a little more interested this time around. We'll see.

Equates to about $50m a year, don’t think that will go very far. Consider that Meta are investing around $20bn a year into AR at present.

The Chinese are doing to Korean OEM’s what Korea did to the Japanese display industry.

Re licensing and sensing- https://youtu.be/-wEXT3I3OaY?t=3278

Jason Hartlove is Meta's Vice President and Head of XDO, so he'll know a thing or two about QD's.

A lot of companies competing in the microled space, so far from certain who will win out tech wise. What is clear is that whilst the tech has improved it still has a long way to go and the technology is still nascent. I think more money will be ploughed in if or when Plessey show results for a commercially viable device.

I think comparisons with Nanoco is somewhat difficult. Nanoco although not having sold much of its own materials has sold a lot of licensed materials in what is now a mature product (10+years). Question remains does anyone want to buy it and if so at what price?

Sorry my mistake, I meant to type bn instead m, but still a substantial increase in company value over a few years, bearing in mind only a small percentage of the company was actually floated two years ago.

I certainly wasn't doing an A B with Nanoco, just highlighting how these things can mushroom outside of the UK finance sector.

There is a problem with companies in raising capital in the UK. Initial funding tends to arrive through government grants, but once they get to a point where tens of millions are required, the private sector has to step in and in this country investment banks are rarely interested, and consequently a lot of good ideas are lost to the US, Japan and increasingly so, China.

Look at how ARM has prospered since it was sold to SoftBank for $32m. Just 10% was floated on the Nasdaq in 2023 and is currently valued at around $139bn.

With regards to Nanoco, the future business beyond display is unclear, with the largest display customer licensed in a one shot deal. If the QD sensor market was about to boom, it seemed a strange decision for STMicro to drop the ball when they were so far along in the development of these items.

£20m a year is peanuts in that game.

This chaps page is well worth a look for those interested in blowing past the hyperbole and really getting a look at where the technology is at with Microled, seems it's still some ways off yet, with LCOS being the best on offer for the present and foreseeable future.

https://kguttag.com/

I’m personally only staying in on the basis they find a buyer. I simply have little faith in the company being able to be self sustaining as an independent business no matter who is in the chair.

From Dec 2019-

"The Company confirms that it has engaged with multiple interested parties as part of the formal sale process. Potential buyers wishing to participate in the formal sale process were required to sign a non-disclosure agreement, after which they received further information on the Company. A number of interested parties have submitted non-binding proposals to Evercore, for the Board's consideration. The Board has reviewed the proposals and is now inviting certain of those parties to engage in further due diligence and detailed discussions about the sale of the Company."

Today.

" we remain in discussions with multiple parties as we assess our strategic options to maximise value for shareholders, and look forward to updating shareholders in due course."

After best part of year, if a company was serious about buying Nanoco, then I would have expected to see an offer on the table, but it’s starting to look a repeat of the last aborted sale attempt six years ago. This time they can’t use COVID as an excuse for a lack of interest.

Not a very inspiring update.

The heat map on page 19 of the last annual report showed two companies fairly close to one another in the direct engagement in the near term. Since then LG were named, I don't know who the other is

Last time I checked Nanoco had come up with two infringers, and have since named LG as one worth pursuing at this stage.

Wouldn’t surprise me if one or more of the Taiwanese OEM’s is also using cad free tech sans license, but perhaps the sales volumes do not yet justify legal action.

LG claim they’re not using QD’s in this years QNED models, which doesn’t mean that’s the case.

Also there are the LCD screens being used in Apple MacBook Pros, which are reported to be supplied by LG and do contain QD’s. There may also be others of which we are currently unaware.

Regardless of any litigation win or settlement with LG, the underlying issue with Nanoco is it has no signifiant quantifiable market for its product. With the loss of STMicro, I believe any potential revenue from sensor technology became far more speculative.

Once again investors are sitting in the dark waiting for an outcome which may well disappoint.

The language used was expectation, which I'm afraid means a maybe, perhaps, hopeful. If they used language like this will happen at such and such a date, then that is more defined, but expectation is much more vague.

Doubling your money depends on your average price.

Don't count myself as smarter at all, simply my view that anything to do with Fusion power is an exceedingly risky endeavour. It's usually the last 1% of any new tech that requires 99% of the effort to overcome. A look at the company share price over the past few years will inform anyone putting their money in will inform anyone that what goes up can swiftly come back down and beyond. https://tinyurl.com/c6ymrsms