Member Info for Nanonano

Nanoco have simply stated that they're waiting for others further up the supply chain to give the nod. That's not blame, that's just information.

Nanoco stated they've been ready since early 2023 (April I believe wasn't it?).

Huge amount of secrecy about this deal which doesn't help investors nerves, would it alleviate them if the Nanoco board spilled the beans then got sued?

Showing two posts for today but can't see any posts since the 27th.

"Nanoco and the AIM index 3 month comparison chart overlap one another."

What's the relevance of that?

Nothing to concern me at the moment. Strange to see some still selling down at this price, but their choice.

Nanoco just need to deliver that contract.

Current Airpods incorporate a very basic Ingaas sensor used with SWIR LED for skin detection.

If you read the patent listed at the end of the article I posted, it outlines various mechanisms that can be used, including optical sensors.

Remains to be seen if the Apple VIsion Pro will incorporate Nanoco QD's and in which specific sensors, however if it extends out to external sensors used for hand gesture and external mapping, then this could become ubiquitous across Apple devices. Already seen plenty of patents extending hand gesture control to smart devices and computers in the Apple range, now even Airpods. Bearing mind small ear bud airpods use really tiny lithium cells for power, any onboard sensors would need to be exceedingly power efficient, and with a tenfold enhancement of normal NIR sensors, QD's certainly can offer that.

https://www.patentlyapple.com/2023/10/apple-continues-to-work-on-future-sensors-for-airpods-pro-that-could-recognize-a-users-hand-gesture-commands.html

"what are the prospects for sales of the product ST microelectronics is selling to the firm producing the final product"

If it's the Apple Vision Pro, which seems most likely bearing in mind other alternatives are out, plus the shifting timetables aligning with the device over the past twelve months, the first years projected sales for the AR headset are around four hundred thousand devices. We don't know how many (if any) devices inside are likely to use QD-enhanced devices from STMicro, but I suspect at least four per headset at a minimum. So that would be 1.6m devices.

Original sales volume was expected to be about 1M Vision Pro's for the first year, but problems with producing the OLED on silicone displays have reduced the amount Apple can supply for the first year.

My first link got asterisked out, so tiny url'd it.

https://tinyurl.com/yvzm8by4

one enthusiastic

https://www.***************************/nanoco-group-plc-a-quantum-leap-in-nanomaterial-production/4121130646

one less so

https://simplywall.st/stocks/gb/semiconductors/lse-nano/nanoco-group-shares/news/why-nanoco-groups-lonnano-earnings-are-weaker-than-they-seem

I’d be surprised to see the share price holding this level if they get the contract within this calendar year. It may still stay low enough for a decent reduction in issued shares though.

Will it be an Individual or collective choice by majority vote, though? God is in the detail.

Could they offer a choice between the options?

A tender offer would need to be attractive enough to holders to gain sufficient interest, would a buy back could lead to the share price spiking? Dividends means taxes and the money may not be reinvested into the company.

I suppose smaller holders may prefer a dividend, whilst larger holders who are willing to wait will favour the other options.

As a longer term investor, and with a significantly holding that is not all tax exempt I would favour a buy back or tender offer over a cash dividend.

I would agree that the multiples of current market cap was too much, and some criticism was earned for the use of such language. Perhaps he thought he'd get a better deal than he ultimately got.

"I don't think any has got a strong enough business acumen to deliver on the obvious potential here."

The present board have got us from a company on the brink of insolvency, to one which is cash surplus and at least one contract pending for commercial volumes of QD's in three years.

At last weeks meeting a non-exec with the requisite contacts and experience is in the process of being recruited.

Seem to be continually rolling back to the Samsung settlement. The amount was below what I and many of us had hoped to see. Worth bearing in mind the legal action was only for US sales, and if the Dow model had been used for damages assuming a win, then the amount due would have been about $80m without a multiplier, and two or three times that if a multiplier would have been applied. I appreciate this amount would have been much higher if the high range damages had been used, but no guarantee of that.

Samsung would almost certainly have appealed on any Nanoco win.

Then we have delays in sensor commericalisation. Company had cash to 2025, but probably not enough to sign off as a going concern for the full commercial year, so without cash from elsewhere, would have almost certainly needed to raise cash in 2024. That could have made the company vulnerable to a low takeover bid.

Ten weeks until the end of 2023, so shouldn’t be much longer until we get to see the effect of a contract on company valuation. Had it not been held up by delays further up the supply chain, i’m sure we would have witnessed this some months back, but such is life.

We did get a reasonable yardstick to gauge potential revenue from sensors at the last webcast, with a £20m income from 100m sensors. Runcorn has a stated capacity for £100-120m of revenue, that equates to materials for a billion sensors, based on those metrics.

I don’t envisage very large volumes until good lead free materials are available. Which is showing a couple of years away yet, unless the process is accelerated.

Yes no doubt very true, although I don't believe they ever made an offer?

Present share price is a bit of a nonsense, but I would only be concerned if the company needed to raise cash or had nothing left to offer, and thankfully Nanoco isn't in either situation.

Just got to wait for this contract to land and see what impact that has.

I've stated before that the Samsung settlement did not meet expectations, I think even the most bullish Nanoco investor would be hard-pressed to admit it met even modest expectations.

However it's not going to change the outcome by going after past deeds, which have frankly been analysed to the point of exhaustion. In addition, the board are unlikely to be going anywhere for the foreseeable following the solid egm vote in favour of them remaining.

Putting some potential figures for sensor volume.

Apple sell about 100m iphone handsets a year. Worldwide market for all smartphones is about 1bn sets a year.

If ten percent of smartphones adopted QD IR sensors for say under display face ID, applying the 20p per sensor figure gives £20M revenue per year.

AR/VR, automotive, IOT, smart watches plus comms transmission are all other potential markets.

It appears beyond Samsung, most are still using cadmium dots in display.

Not sure who the sole (so far) cad free set is. My money would be on LG QNED, but that may be completely false. Does make you wonder why Nanosys were making such a fuss about supplying cadmium free dots.

I think under TH's gang, the company would have been wound up and its IP sold off to a rival bidder.