Member Info for Nanonano

Edisons (along with other analysts) projections were rather optimistic.

50M sets per year by 2020, when the reality was about a fifth of that.

Re the settlement value, even if you discount the legal costs it's probably little more than about $1 per set if we assume the patents remain relevant to the mid 2030's, and sales remain at present levels (unlikely). I wondered how key the other patents beyond the molecular seeding process were for Samsung. The seeding patent expires in a couple of years. If Samsung are able to make their displays free of IP infringement from 2026 then perhaps the settlement raises the royalty rate to $2 per unit, which is still far short of what most investors had hoped for.

It remains to be seen what kind of money the sensor materials will bring in, assuming they reach commercialisation.

I'm signing out of this page now. Had enough of reading this garbage day in day out, it's got as bad as ADVFN.

http://image-sensors-world.blogspot.com/2023/02/photonicsspectra-article-on-quantum.html

Interesting to note in this article that the pie chart shows projected market share fro QD on CMOS sensors for infra red spectra are predicted to be around $45m by 2030. If that reflects the whole price of the sensor, then the price or the QD's is going to be considerably less, and Nanoco are unlikely to hit anywhere near Runcorn capacity anytime soon with this tech alone, and that is assuming no other competition.

https://medium.com/@svogisan/short-wave-infrared-introduction-and-its-applications-17170d94f16d

Just watching and waiting. I'm currently back in the red on my holding, although only by a small amount. I'm not encouraged to purchase any more at this point, as I consider I have more than enough skin in the game already.

I remember 2017, what a year of ups and downs that was.

"I suspect getting the fundraise @37 pence last summer was of paramount importance."

Yes I think that was a major factor, and also giving the ii's enough opportunity to liquidate their positions at a decent profit.

The ii's never took part in the last fund raise IIRC.

Gawd knows. Any potential rise in price from sensor contracts could and probably will be sold into by LOAM. So any lift, if it comes, may be short lived.

The price continues to fall, I think we’re looking at 20p or possibly the teens for a bottoming out. We’ll see.

Samsung stuffed Nanoco ten years ago, when they ended the partnership and stole their IP.

We don’t know what went on between the two companies. Can speculate that perhaps fellow scientists got a little too chummy and too much information was exchanged enabling Samsung to give Nanoco the elbow when it came time for production.

They’ve clawed a little something back, hopefully the companies they’re working with now have more ethics, but this is business and the big guys bully the little ones.

Find it difficult to imagine Samsung buying the modest volumes of Qd’s available from Runcorn, they seem to have got along perfectly fine without that up until now. If display is starting to show some signs of growth for Nanoco, I think it will be via another Company.

I reckon there's a bit of a question mark over the QD's in the LG nanocell TV's, AFAIK the Chinese OEM's still seem to be using cadmium dots, perhaps they're looking to make a shift?

We're still totally clueless as to the value of those QD's on the market. Clearly they got well and truly bent over by Samsung. From an investment standpoint, it's like 2016 again, but with more cash and less staff.

I'm personally looking at the sensing side. One of the things that might have been overlooked is that trading update said two validated materials, which reads to me that the SWIR material has now moved up a notch from scale-up, and both materials are or exceedingly close to being production ready.

I believe an announcement cannot be far away, and hopefully STMicro demonstrate more integrity than our "friends" in Korea.

Remains too be seen how well revenue will scale in sensing. The company clearly has plenty of cash and low overheads, but I think it'll be a long road before it maxes out (circa £100m) the Runcorn facility, if it ever does. I hope to be proved wrong on that front.

I'd agree with that, but they were only for the US, one third of the worldwide market, and for historic sales only, with no sale of IP/Patents.

I don't know what kind of contract Nanoco had with Samsung, clearly wasn't strict enough that it allowed them to just walk off with all that IP after many years of working closely with them.

I would question why the management team approved publication of Edison and other brokers projected figures, as they seemed so wildly out of step with the companies own. They didn't seem so crazy based on the sheer sales volume of Samsung sets, but in the end they weren't even close to accurate.

I wonder if certain posters are as robust with their remarks face to face, or are simply just keyboard warriors.

LOAM had been selling down since last Summer, so not much new there. In fact along with RG they'd been busy taking the steam out of any rise in the share price all through 2022, which was really the first time since 2019 that LTH's had an opportunity to at least perhaps dial in a bit of profit or break even.

I'd be interested to know what their mid and upper ranges for settlement were. Probably won't divulge such information, even though negotiations have concluded.

I would expect Nanoco to reply that was Turner Pope's estimate not their own, and even then as an estimate it was not a guaranteed amount.

The other quote from Edison- Nanoco's paid mouthpiece- gave similar estimates and reiterated such on their last communication on 9th January.

"Did you stay invested after the 9/1 RNS that guided a settlement figure towards the lower end of expectations?"

Sadly the company figures were unavailable. Only Edison and broker figures, which proved to be wide of the mark.

I think 8k is a bit of a marketing gimmick, unless you have room and desire for 100"+ tv set.

Even 4k seems like overkill for smaller sets.

No argument that alternative tech is in the pipeline, but I don't see high sales figures for those and it'll probably be Samsung pushing it on the market, so Nanoco won't see anything.

I struggle to see much if there is any margin in display for Nanoco going forward after this settlement.