Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
HenryHistorian
"I am continuing to hold on to all my shares as I trust BT that transformational in value does not mean a market value of GBP 180m. "
What does transformational mean? A $10m cash injection could be transformational.
In fact 10 YEARS ago, the company said a deal with DOW was transformational!! They do seem to like that word!!
https://www.manchestereveningnews.co.uk/business/business-news/nanoco-narrowed-losses-after-transformational-1755467
There you go, I did warn about the huge Lombard selling. It was an obvious red flag.
From my previous post in this message stream:
"Despite the 'settlement' announcement, there was significant selling down to Sept sp level.
Lombard selling - read why Henry Turcan was appointed and ask why Lombard was selling significant amounts... I don't think Lombard selling and Nanoco going for a settlement is a coincidence...
Let's see.
Lombard Henry Turcan was appointed as NED in Aug 2021. Yet over the past few months, there has been significant selling by Lombard.
He was appointed to maximium shareholder value with business activities and litigation. Yet Lombard has been selling heavily???"
Ginodog,
" He’s been trolling Tremor (ex Blinkx) holders for 10 years."
I see trmr is down from 870p, under 2 yrs ago, to 280p today BASED ON THE RED FLAGS I warned about. I'm glad I sold at 844p based on my own research.
I see Nano has also crashed and my comments were correct.
You have a history of your holdings crashing on you because you don't read the company/sector newsflow.
Why you no listen??? lol
My posts are all there for any reader to go through. My red flags warning on trmr (was blnx/rthm/tap) have been proven conclusively. Blnx high was eq sp of around £28, current 280p, 90% crash and Ginodog thinks I was wrong..lol
The adtech bubble burst and the court case has caused trmr immense problems.
https://www.lse.co.uk/profiles/stt1/?page=13
There you go, I did warn you.
From my previous post in this message stream:
"Media have published the award could be as HIGH as $500m (note $ not £ as used by some - The award is in $ and the sp in sterling.) That potential $500m award was based on Nanoco winning the trial. Given it's agreed talks then the final settlement is likely to be lower.
The fees could be around 30-40%, given it's pre-trial talks.
Work out the possible award, deduct the fees and look at the mcap... It's not difficult to see why there was selling."
Media have published the award could be as HIGH as $500m (note $ not £ as used by some - The award is in $ and the sp in sterling.) That potential $500m award was based on Nanoco winning the trial. Given it's agreed talks then the final settlement is likely to be lower.
The fees could be around 30-40%, given it's pre-trial talks.
Work out the possible award, deduct the fees and look at the mcap... It's not difficult to see why there was selling.
"Had the trial gone ahead and nanoco prevailed, some in the city speculated it might have been awarded upwards of $500m."
https://www.thetimes.co.uk/article/nanoco-in-line-for-windfall-after-samsung-concedes-in-patent-battle-xrh2k9dm3
Despite the 'settlement' announcement, there was significant selling down to Sept sp level.
Lombard selling - read why Henry Turcan was appointed and ask why Lombard was selling significant amounts... I don't think Lombard selling and Nanoco going for a settlement is a coincidence...
Let's see.
Lombard Henry Turcan was appointed as NED in Aug 2021. Yet over the past few months, there has been significant selling by Lombard.
He was appointed to maximium shareholder value with business activities and litigation. Yet Lombard has been selling heavily???
"Henry is a fund manager at Lombard Odier Asset Management (Europe) Limited, Nanoco’s largest shareholder, with a focus on active engagement with the companies in which it invests. He has been advising and investing in UK smaller companies for over 20 years and has extensive experience of assisting public companies in creating value for all stakeholders."
Dr Chris Richards, Chairman of Nanoco, commented:
“I am delighted to welcome Henry to the Board of Nanoco. As a significant shareholder representative, Henry has been closely involved with Nanoco for a number of years. The additional capital markets experience he brings to the Company will further support the Board’s efforts as we work to deliver maximum shareholder value from our organic business activities and litigation against Samsung during a potentially transformational period for the Company.”
https://*************.net/nanoco-group-appoints-henry-turcan-as-non-executive-director
I think the BoD's hands are tied.
I think it's likely the backers will push for a settlement even it's not the BoD want. Best to get the fees now than risk going to trial and losing.
If the BoD refuse then the backers would still want their fees and could walk away, leaving the BoD to fund future legal action.
Media have published the award could be as HIGH as $500m (note $ not £ as used by some - The award is in $ and the sp in sterling.) That potential $500m award was based on Nanoco winning the trial. Given it's agreed talks then the final settlement is likely to be lower.
The fees could be around 30-40%, given it's pre-trial talks.
Work out the possible award and look at the mcap... It's not difficult to see why there was selling.
"Had the trial gone ahead and nanoco prevailed, some in the city speculated it might have been awarded upwards of $500m."
https://www.thetimes.co.uk/article/nanoco-in-line-for-windfall-after-samsung-concedes-in-patent-battle-xrh2k9dm3
Bazzaman,
" I always try and filter negativity on these chat boards as they don't align with my own views"
It's confirmation bias... you end up missing all the red flags.
If a bear point can be countered then it makes the bull case stronger.
If bull point can be countered then it makes the bear case stronger.
The sp crash since the spike was as I predicted.
Pump and dump.
Richywar
"the rise is crazy really when you consider all the contract win RNS’s that have come before it and then the following red days trades"
Exactly.
The hvo (as orph before name change to hvo) sp was around 15p in June, only 5 months ago. After the H1 results and subsequent contract, the sp still dropped to under 10p.
There hasn't been any news over the past week to justify such a rise. Tipsheets tipping it and traders come in and then exit at a profit. The lth, who were holding orph since they were around over 40p only last year are at a significant loss. So they need to entice the gullible in so to reduce their losses. The pump/dump gang then move to their next target.
Look at polb, sharp falls this afternoon.
Look at the latest contract. It won't commence for a year and revenue won't be recognised until 2023 and 2024, results therefore will be published until spring/summer 2024 and June 2025, 1.5yrs and 2.5yrs time respectively!!! The house broker, Finncap, hasn't increases the target price for 1.5yrs, which says a lot.
"The study is expected to commence in Q3/Q4 2023, with the revenue being recognised in 2023 and 2024. "
https://polaris.brighterir.com/public/hvivo/news/rns/story/w31yn3x
Dickie,
"How is it that Hvo is rising fast yet Polb is dropping?"
Because polb pump/dump has run it's course and so the pump/dump are moving to their next target.
The same sudden fall in sp at polb will happen here once the pump/dump gang believe it's run it's course before moving onto their next target. Then the gang will come out with reasons the gullible should hold, whilst they sell or blame the management if the sp falls, even if nothing changes.
Look at the chart and Orph history. The current sp is only where it was a few months ago before falling further and has several spikes followed by falls in the past.
A lot of holders here from when Orph was around 45p only last year. They obviously need to encourage the gullible in so they can reduce their losses.
Seen it so many times.
Benrum/Krusty,
"Speaking to the sales people "
Do you believe sales people will tell you things are bad??? Really?
Sales people's job is to portray everything is great so they can sell more. Otherwise they will be out of a job, won't they.
Apart from that HBs will still be busy as there will still be homebuyers going through the chain. Problems will show once those chains have completed and there's no more FTB at beginning of the chain.
The reality is:
Housing transactions down.
Help to Buy ended for new applications end of Oct.
Asking prices lower.
Mortgage approvals lower.
Mortgage interest rates trebled since last year so those who took out 2yr fixed rate in 2020-21 will now end up paying double/treble.
Supply of money reduced.
Lenders forecasting 10-15% crash in prices.
HBs reporting lower demand.
etc
Watch the demand fall off the cliff and supply increase.
Excellent presentation.
The BoD have always worked with integrity and followed their stated strategy.
In terms of change of govn.
Labour created the NHS and included private providers. If you look at the last labour govn, they spent billions on the NHS.
All that happens with a change of govn is they change things around the edges to stamp their own mark but they never change the core. It's been like that since the NHS was founded.
As an example, the previous Labour govn created the predecessor for NHS 111, NHS Direct, using private providers.
The Tories took the idea, changed the name to NHS 111 to stamp their own mark on it and developed it further.
For this reason, a change of govn has never been a deep concern for me.
"It was discontinued on 31 March 2014 and replaced by NHS 111.[2] As a part of the National Health Service, NHS Direct services were free, although the 0845 number was usually chargeable as a non-geographic number. Some landline providers allowed 0845 calls within "inclusive" minutes."
https://en.wikipedia.org/wiki/NHS_Direct
Presentation tomorrow 10am:
https://www.investormeetcompany.com/totally-plc/register-investor
Wiscos,
"FTBs obviously took a deep breath when mortgage rates were shooting up, and it's a quiet time of year for new activity. "
Potential homebuyers would take a deep breath and are likely to wait until mortgage interest rates come down. That's a huge loss of revenues and cash for HBs.
Broken housing chains and house prices will fall further.
Repossessions are rising, asking prices falling significantly, lenders forecasting house price crashes of 10-15%.
Wait until it really hits Housebuilders.
Stevebt
"House builders aren’t cutting back on Labour"
YET. They wouldn't be atm. There are homes still to be completed from orders taken months ago. Help to buy ended to new applications at end of last month, so they will need to complete homes for those orders as well.
I expect HBs will try and complete as quick as possible in case they are cancelled.
Rightmove.
House prices fall in November
Oct avg £371,158
Nov avg £366,999
https://www.cityam.com/not-a-good-monday-for-home-sellers-as-house-prices-dive-by-4k-in-just-one-month/
as mentioned, watch the demand decrease and supply increase
There are obviously buyers still going through the housing chain. However, there's been an exodus of FTBs. To have a fluent housing chain, you need FTBs.
I think FTBs are holding off until mortgage rates come down and housing market settle. That could be months or even year or so away.
As lenders have forecast house price crash of 10-15% and there are major affordability problems, I think more potential homebuyers, not just FTB, will hold off.
Exodus of first-time buyers puts brakes on UK housing market
"Figures from the property platform Rightmove show buyer demand fell 20% in October compared with a year ago, as house-hunters put their property searches on hold in response to soaring borrowing costs and rising economic uncertainty."
"Rightmove’s monthly house price index showed first-time buyers were the most hesitant, with demand down 26% in October. Demand from “second steppers” hoping to move from their first home was down 17%, while interest among those at the top of the property ladder was down 15%."
https://www.theguardian.com/business/2022/nov/14/exodus-of-first-time-buyers-brakes-uk-housing-market
As previous, watch the demand decrease and supply increase
There are obviously buyers still going through the housing chain. However, there's been an exodus of FTBs. To have a fluent housing chain, you need FTBs.
I think FTBs are holding off until mortgage rates come down and housing market settle. That could be months or even year or so away.
As lenders have forecast house price crash of 10-15% and there are major affordability problems, I think more potential homebuyers, not just FTB, will hold off.
Exodus of first-time buyers puts brakes on UK housing market
"Figures from the property platform Rightmove show buyer demand fell 20% in October compared with a year ago, as house-hunters put their property searches on hold in response to soaring borrowing costs and rising economic uncertainty."
"Rightmove’s monthly house price index showed first-time buyers were the most hesitant, with demand down 26% in October. Demand from “second steppers” hoping to move from their first home was down 17%, while interest among those at the top of the property ladder was down 15%."
https://www.theguardian.com/business/2022/nov/14/exodus-of-first-time-buyers-brakes-uk-housing-market
Lots of news this week for TLY and NHS
Tomorrow: H1 results.
Wednesday: Investor Presentation
https://www.investormeetcompany.com/totally-plc/register-investor
Thursday: Chancellor's Autumn Statement