Member Info for PiratePete

NGR - Ever wondered why there are a group of “embittered investors”?

Carlos - I feel strongly about holding this board to account. Certainly not a waste of my time (or life). What made you decide to invest here?

Tm58 - Yup - we’re are strange bunch! Sheer bloody mindedness in my case. Anyone considering whether to make an investment in Nanoco needs to know how the company treats its retail investors.

24p is the Tender Offer price. Fact!

Nanoco made sure it’s LTIP and Deferred Bonus Plan weren’t adversely impacted by its “return of value” - They are very good at looking after themselves!

“ They said they are returning value to the shareholders and they are returning value to shareholders”

When you do a raise at 37p and give back only 24p that is a destruction in (as opposed to a return of) shareholder value.

Kooba - I agree - Brian’s good at talking (just wish he had the walking to go with it).

“ Because they are professionals” - Other explanations are available!

It will be interesting to see how Hamoodi gets on with his litigation with LOAM.

Why? Maybe because the institutional investors had better information than the retail investors? How might that have been the case?

“ Until the board specifically guides differently, you can't make claims of discrepancies, misdirection, misleading or misguiding until there is more to go on”

Seriously?! Because they did such a great job on the settlement guidance didn’t they!!!

Having looked at the Twitter post again he says spud “just after” mid April. The new well will be drilled about 20 metres away from the old well and they will be “twinned”.

Colin Harrington on Twitter today saying they are aiming to spud mid April

This was news to me. I think it’s good that this supercilious waste of space is leaving. On another note do we know why Nanoco feels the need to continue with its expensive main market listing?

@NGR He said it in the “This is Money” article.

new note out. same *******s - different day.

They made sure to look after themselves by nullifying the impact of the tender offer on their own LTIP arrangements - that’s the most important thing in the minds of these jokers!

“ Still speculative but unlike a lot of companies that repeatedly dilute your holding, this has cash in the bank to use.”

When Nanoco raises cash at 37 p a share and gives it back at 24 p a share do you think that’s a good thing?

The adoption of Quantum Dot technology is on the horizon, and Nanoco is at the forefront of this innovation.

Nanoco is now in the strongest commercial and financial position in its history, and we are excited to build on our commercial traction and invest in for a phase of steady growth. 

We've transitioned from being a company primarily invested in R&D to one that is financially stable, with a focus on organic growth and backed by validated and enforceable IP.

Our core markets, which include sensing and display, are poised for rapid expansion. This is outlined by our Interim Results this morning with highlights that include:

🔴 Revenue increased to £4.0m with an operating profit of £2.4m, FY24 performance expected to be in line with market expectations

🟠 First ever commercial orders for infra-red sensing applications and shipped two first-generation materials

🟡 Joint Development Agreements with STMicroelectronics and an Asian Chemical supplier to enhance sensing materials

🟢 Subject to the return of value underway, on track to be debt-free and fully funded through to cash breakeven, expected during CY25

🔵 Received the second tranche of litigation proceeds, enabling a £33 million return to shareholders and investments to boost operational capabilities

🟣 Continue investing in our strong IP portfolio, and leveraging it for value

Kooba - It’s an application hearing - I’m not a lawyer and could easily be wrong but I don’t think that’s a “Full Monty” court case just yet?

Nanoco is a world leading technology provider enabling next-generation electronic sensors and displays with commercial programmes including a production contract with a global tier-one player. The company has a strong balance sheet position to support the next phases of its growth journey, and with addressable markets exceeding £100m across multiple customer verticals. We initiate coverage with a target price of 60.2p.