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Troublesome
Not sure how things are going to pan out with the share price with LOAM in the driving seat as we are weeks away from when the £3m gets fully utlised and the dust from thevshare buy back has settled.
Looks like those share holders who didn't tender have lost out to LOAMs cunning little plan and the share price will no doubt inevitably fall...Who knows LOAM might dig the hoover out when it reaches 12p in a couple on months...
It's rather nice to have these civil discussions for a change.
But it is a mute point if LOAM expected the share price to surge on the back of imminent commercial orders from STM why try and off load 100% of their holdings at 24p now?....unless of course they don't see any large commercial orders in the immediate future as in next few months arising...
Who knows maybe it's a cunning plan to buy back at closer to the cash cost of what £23m looks like with 185m shares in issue or maybe they looked at their investment portfolio and saw better returns elsewhere and needed as much cash as possible...But the fact of the matter is they tried to sell up and exit and were only partially successful, although by the looks of things they got a large chunck of the available £30m and are no doubt off loading the remainder while the price is above 20p and supported by the £3m on market buy back...Funny that I did question why the buy back price was so high at 23p, and much higher than I suggested being to start once the share price falls below 20p or did LOAM agree the floor would be 22p to 23p to give some litigimate credence to how it was being operated?
Either way we should get evidence via TR-1 notices assuming that 8.5% stake dwindles further!
Actions speak louder than words as the saying goes!
Maybe that was their original agreed modus operandi get as much cash out through the £30m buy back and squeeze the remainder out through the £3m 'on market' buy back by keeping the share price high.
Retail investors with all fairness are warry of the behind closed doors shenegins with the Board and LOAM from the Samsung settlement debacle where Board guidance did not reflect LOAMs actions and the outcome for retail investors, many of whom, I might add supported the 37p placement a year earlier, felt very misled and misguided on expectations based on all the Board communications that were relayed over the proceeding two years!
Troublesome
That sounds like what goes in the newly installed dungeon device room!
Probably got a rack torture device in there as well for any potential customers!
NGR1616
I agree and upticked your post.
Clearly the market has now cottoned on to LOAM's actions and no doubt reached the exact same conclusions.
Nanoco Group PLC
LON: NANO
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21.20 GBX −1.30 (5.78%)today
17 Apr, 15:15 BST • Disclaimer
Reported for being rude and disruptive.
Hence why as evidenced by the TR-1 notice LOAM tried unsucessfully to dump their whole holding!
So where is the £7m to £10m revenues needed to reach cash breakeven next year going to come from certainly not from STM anytime soon judging by LOAMS attempts to fully exit!
Another example of BT misguidance telling the market one thing while all those in the know dump their shares.
Another repeat of the Samsung settlement debacle!
Tell the market one thing while the insiders do the other!
NGR1616
LOAM dumped nearly 50% no doubt the max they could rather than just 38.5% very telling!
Small correction as per RNS release..LOAM down from 16.5% to 8.5%..
I expect the on market £3m buy back to accelerate as investors dump shares.
As others have already stated watch how LOAM acts and not what the Board guides!
Seems LOAM don't expect any material orders from STM to arise anytime soon otherwise why cut their exposure selling 50% of their remaining 14.5% stake not a good sign of confidence!
This also castes firm doubts that next years 'cash breakeven' will be reached as 'guided' by the Board recently.
So the Board gives out one story to the market yet the insiders act differently.
XenOn
That assumes they don't continue spending nearly a £100k a day buy back shares at over 23p given that funds pn tge £30m have been returned to imvestors and there seems no impetus to reinvest cash funds here rather than elsewhere.
Reality check!
Totally Plc
LON: TLY
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17 Apr, 11:13 BST • Disclaimer
The buyback strategy appears odd the purchase per this mornings RNS, 426,439 shares at 23.322p on 16th April seems to be too high a price to pay implying that if the daily buying tare continues tge £3m will be used up by the end of May at the latest....Ivwould have expected the buy back to start at below 20p to enable more shares to be purchased say 15m+ rather than 13m which seems more likely given the 23p price being paid..
NGR1616
If you keep on spamming the BB your going to get banned!
NGR1616
You really don't know when to stop do you..
Shocking! 😲
Totally Plc
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Totally Plc
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The same private healthcare firms that poach staff from the NHS and pay their executives handsome bonuses for failing to deliver!
XenOn
Basic investment analogy sell more, generate revenues, make profits, turns to cash share price rises!
"Hey TG2D I mean HIGH DEMAND for the SHARES you silly sausage!"
" So, I wonder if anyone has a counter argument - based on the pure economics of SUPPLY and DEMAND "
No sales to date that's your supply and demand query shot to pieces!