The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
can you not see how ridiculous this sounds......
"again the board have executed a poorly thought through plan with substandard third party advice who clearly weren't aware of the previous 37p"
the tender offer wasn't conceived down the pool hall one night with a bunch of guys unfamiliar with nanoco. to suggest a third party of advisors didn't know about the previous 37p makes a mockery of every single word you wrote prior to this complete ******* summation.
there is however a greater takeover potential related to the tender offer in my view.
this entire episode is a ripple effect from the samsung settlement where people like you expected a different outcome. meanwhile others (like me) are invested for the organic business and always have been.
in the next 2-3 years the company (risks aside) could be in volume production in mass market consumer devices such as mobiles and wearables and potentially sooner seeing some positive display revenue as referenced in the turner pope note yesterday.
production capacity in runcorn is >£100m p/a and they are planning to improve production efficiency and margins.
this is where the money is at.
Tuner Pope pretty bullish on display and sensing with talk of high volume adoption in 2026 and a 3rd QD player being added and more on potential infringement discussions that might further support the 2025 profit guidance.
Yes it is biased.....but it adds a lot of colour.
I don't think anyone should be surprised there is no satisfactory solution here for a company valued currently only on cash. There is no mechanism or scenario (at this time) that can dodge the reality that it will negatively impact the share price to some extent.
It remains a waiting game on technology adoption and all the risks remain of IP theft, competing technologies, low revenues etc.
So far the company has matched recent guidance. Of course you can argue about receiving the return to value in Q1 or that they delivered the execution of it in Q1 with todays announcement in line with guidance until the cows come home....it's semantics. If pressed you know what the company will say so I really don't see any point in labouring it over and over again.
But as for guidance, they are aiming to be a profitable company at some point next year or sooner. With less shares in issue perhaps that's the time we can see some benefits in our patience.
Written in haste…..
It was meant to read “ I’m simply suggesting that an announcement could come in Q1 in any number of forms which is the commencement of their intention to execute in Q1 but that the actual point (that for example a special dividend could happen) could be after the end of Q1”
Kooba I’m a bit busy doing some DIY so I’m reading and writing in haste. You have been suggesting there should be an EGM to vote through the return of capital so that monies be returned if a special dividend on or before 31st March. I’m simply suggesting that an announcement could come in Q1 in any number of forms which is the commencement of their intention to execute in Q1 but that the actual point that for example a special dividend could happen after the end of Q1.
In your view that would be a failure to meet a [tacit] commitment but in my mind it wouldn’t be.
I really don’t want to argue about it. We all interpret things differently.
If you don’t get your money in Q1 then my interpretation won’t look quite so ridiculous now will it?
I’m willing to accept more than one interpretation, you’re not. Let’s leave it at that.
Troublesome I did have you filtered but curiosity got the better of me. Must try harder. Not you though, I know you’re doing your best.
Troublesome you have nothing to add here of value and never have so instead of further embarrassing yourself with your trademark humourless posts, it would better if you just stopped-now. Not soon or shortly but right now. Y
ou are unerringly boring.
It said they have the ability to execute the commitment in Q1.
We are still in Q1. Executing doesn’t mean completing either for the avoidance of doubt unless you want to read it differently which you are entirely entitled to do.
I’m not actually saying you’re wrong in your interpretation, only that there is room for it being interpreted differently. Sadly many companies including Nanoco seem to be incapable of unambiguous communication. This is probably because some things are out of their control.
Sorry Kooba but that does not say it will be completed in Q1 2024 no matter how much you may try and convince yourself.
There will be ‘confirmation in Q1 on how they will execute the return of capital’ is another way to interpret that statement.
When did they guide they’d do that in January ?
We have rampant impatience breaking out here once more. Take a moment to look at guidance without your initial interpretation only being the outcome would be a good starting point.
They said they intend to return the funds in early 2024. If they fail to do so in Q1 there is a likelihood here that a kangaroo court will start to form and I would advise caution if that is the case as all that will happen is your investment will be further undermined.
As for the XD price being calculated on todays price, I think that is an unreliable metric. Put simply, what II is going to make investment decisions just now when the mechanism hasn't as yet been announced?