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I disagree the market is illogical. The cash balance is reduced yes, but where are the sellers coming from? Most have sold into the tender. There is only buying pressure now from the buyback and punters who think the price is going higher.
This may change, but I don't really see bad news coming. Quite the opposite. Then those of the wrong side of the tender gamble might be tempted to buy back higher.
As for the directors, some participated some didn't. I don't think you can read anything into that circumstance.
I very much doubt you will see the teens here. That would give the company zero value in an exponential growth stage. We already know STMicro and probably Sony are accelerating development. There is going to be a third major semi conductor player onboard in 5 months as guided. That will be pretty much the whole industry. Plus regarding organic growth, Nano have first generation materials already scaling up. Likely to be in products on the shelves up to 5 million devices according to sales thus far. BT has said breakeven in 2025 is 'unambitious'. Posters on this thread seem to suggest is unlikely. I know who I believe.
The tender has been a great success. It's allowed long term investors to cash in. Pickett could neve have sold such an amount without crashing the share price. The assumption that he's done so to buy back cheaper is nuts. He's cashing in while he can and retaining a significant holding going forward.
So I see a good clear out of holders and a return to a reasonable valuation. Those trying to guess the market any hoping to buy back in the teens are going to be disappointed. Come payment day I can see the share price at 30p. And those getting the cheques will have to chase this higher more so.
Anyway, going to be a great year for nano imo. Breakeven in 6 months or so. With a rapidly growing industrial demand for its products imo.
The stock market is really just a cash market. Nice hedging .. got us quite a bit more. The Board has had almost a year to decide on the return of value. I would expect an announcement in the next few days. Straight divi would do me. But buying back 60% of the company would also be fine. On the back of good news it could send the share price way, way higher.
If we deduct the 12p return of value, that gives a share price of 8p ish. With still 20 million in the bank. Last time the share price was 8p Nano were facing going out of business.
Now, they are moving to breakeven in 2025, could be less than 12 months. With a commercial fist generation material in the supply chain with large electronic OEMs with a material that's exploding into the sensor and display market.
So the business is valued at zero where we stand.
Perhaps that's why the directors are buying? Get 10k in shares now, with a return of value come end of Fed of 6k. Seems a good bet to me.
I wonder why ST micro was named in the last business RNS. I think that was very significant.
News flow should accelerate soon. Return of value, trading statement, possible new sensor partner and an outside chance of a display collaboration. Is that all worth nothing on the price?
I think the management know perfectly well where the dots are going but they have a defence that they don't.
As to return of value, I disagree nano will seek to support institutions. They know that this has been a criticism in the past. It will be a private investor return of value structure. The majority a simple special dividend with perhaps some buyback element imo.
Just reading this board for the first time for a while, I can't believe the discussion is whether Samsung are going to pay up. That's complete nonsense.
Anyway, I see news flow in the following way. Return of value details (buy £1000 now and get £600 divi in a few weeks). 3rd major developmental news on sensors with a large Asian electronics company. Trading statement early Feb. In the wings a display contract - this could be huge imo.
First generation sensor materials likely for Apple vision pro already being supplied. This will feed down into more mass produced offerings imo.
Anyway, I could go on.
Chart showing bull flag and gap to 35p, maybe in a matter of weeks.
Invested for about 15 years.. I can wait another 2.
Return of value in a few months. Seems an additional development agreement soon. Sensor market growing rapidly for a new material imo.
I'm not hopeful on display but you never know.
Doesn't matter short or long term or what was said. You can buy cash at a discount now. Doesn't happen often. New development agreement rumoured to be in display. Apple on board I think very likely. My guess the Asian customer is Sony. They have advanced SWIR production. Display will be a major manufacturer.
For a new material science we're moving quickly now.
Got to take an industry view here. Likelihood of mass market take up has increased massively.
Validation was always a given. Surprised it caused so much concern. Nano ready for production contracts a year ago.
Good news today.
Can only see further positives
Well done BT ....
New material science in a booming industry. 20 years of development. Next ST micro announcement. If it's in Apple then could be huge acceleration in take up imo. Qd sensors simply superior and much cheaper..
Vision pro seems the most likely to me. Nano and Apple go back a long way. Also, the delay fits with Nano's announcements.
Validation of the St Micro materials doesn't mean these are validated for supply to Apple imo. Nano said they were ready to commercialise a year ago. So I assume those materials were ready to go. There is a lot going on behind the scenes with potential customers.
I'd hazard a guess that the Asian customer is Sony. They have a long history with QD's and recently released their QD-OLED TV range. Plus they are ahead with SWIR sensors with their SenSWIR sensor range.
Anyway, Nano said in their last report that they still expect commercials orders by December at the latest. They are in negotiations on price and have employed a further 11 members of staff to deal with the customer facing relationship. Seems pretty clear to me.
And with a possible 12pm divi coming in the new year seems a steal at 18p. I've been buying quite a few more from under 16p and some more today. On commercial news I could see this move to 30p.
That's if you fancy the gamble of course.
If they haven't commercialised where did the 150 million come from? It was theft. Also, remember Dow lost out to the tune of over 100 million. And by the way, Dow with all their expertise didn't sell a qdot either. Neither did Merch or for that matter pretty much any other Qdot manufacturer. It's questionable whether nanosys is actually a viable business going forward. Most of the other pioneers into Qdots have failed to commercialise. I recall Feeks was a fan of quantum materials continuous flow tech. And we all know what happened there.
I think nano will opt for a share buyback programme. That's 60% of the shares to buy in a thin market. Could see the shares double from here if they do. And if there is a commercial contract .. off we go imo.
Hamoodi is a disgrace imo. He's cost all shareholders a lot of money and it's doomed to failure as there is zero institutional support and next to zero private investor support apart from the deranged on here.
But nothing negative.
Don't know why posters want a 5-year development contract to be reduced to 3 years. And for all developments to be an RNS. So, know I see some posters saying special dividend and a 6p share price. What happens though if it's a share repurchase and the board agree a 60% share buyback. Where will that send the share price, especially if it's on the back of commercial orders.
As usual the embittered damaging discussion. See PPE is still posting the same crap he/she destroyed the ADVFN board with.
Anyway, Hamoodi is going to lose and badly. At least we can all accept that. It will have cost all shareholders a significant amount to defend their case. No one seems to care about this. A complete waste of time and energy imo.
Either you believe the board or you don't. If you don't, why are you still invested ...it's nuts.
PPE and Kooba,
Why don't you just sell up and give us all a rest. Your strategy of multiple posts all day with a negative slant is just irritating. You are advocating a complete replacement of the board and a CEO who has convictions. A dismissal of the science and research team for a research company. You can't really make up anything more damaging. Please stop this nonsense and go back to ADVFN where you have destroyed all sensible discussion and talk you yourselves ....