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Kooba, yep fair point. I think we have to hope that what happened with Samsung was a life lesson for us and that we are no longer so trusting. I guess there’s a degree of faith required that restrictions in contract and legal terms - and in knowledge shared - reduces the likelihood a partner takes advantage of us again.
IDL, great post.
I’ve been doing a bit of research recently as I realised my understanding of the relationship between us and STM, and between our separate products & processes, was lacking. You are probably way ahead of me. Busy right now but would like to chat more about this.
Hi IDL and restorer
I saw this recently but came away seeing it as positive.
Nanoco produces the dots, the raw material. STM make the product they badge as “quantum film”. So I think when they refer to quantum materials they mean the film and not the dots.
I see it as very encouraging that STM believe in the technology and that they are investing in their next generation film. And we know they are doing this in conjunction with Nanoco as the company told us.
So good news I think.
NGR, I am loathe to post the reasons for my optimism on this BB as this playground of a forum isn't exactly the best place to have a sensible conversation.
If I can summon up the strength I'll post something when I get time. People can make of it what they will, whilst others will drown it out with noise.
I see a potentially bright future here (I mean the company, not this BB).
I would be very happy to see Nanoco accelerate their share buy back at current prices..
I think those people playing musical chairs are concentrating way too hard on the finger and not on the moon..
So, everyone trading shares should have taken up the tender offer to the maximum – and they did. That’s why it was always going to be over-subscribed.
LOAM took up the tender, the de-ramping team on this board did. And Hamoodi did. There was free money to be made buying the same shares at a lower price before or after the 24p tender.
One of the de-rampers previously said on this board that LOAM were called into a secret late-night meeting with Nanoco management and must have had an insight into some negative news that made them want to tender their shares. Except… the management team have already told us what they know and LOAM doesn’t have any better insight into STM’s plans for future dot orders!
But now we see Hamoodi also tendered his shares! So, was he in that secret late-night meeting with LOAM and the management team? But, how can that be? Hamoodi has taken LOAM to court!
So, is this all a ploy? Was Hamoodi working with LOAM all along? Or maybe LOAM settled out of court by giving Hamoodi all that inside information they have about STM’s plans?
Hahaha. These de-ramping comedians do know how to tell them!
Sadly, this forum cannot be used for its purpose. There is a team of de-rampers filling this board with their overly negative messages. They work very hard. Since I last posted on Sunday they have posted 33 times, with one poster sending many messages in quick succession. Anything contrary to their view seems to stir their hornets nest...
The good news is the company can buy more shares for their money, and I’ve been able to buy more at 19-20p. So, I should be happy with what they are doing, right? No. What they are doing ruins this forum and crowds out sensible conversation. It makes people who believe in Nanoco not want to post here as they will be belittled.
So, why are the de-rampers here and why are they so busy right now? Anyone who didn’t really believe in the company would have left this board and wouldn’t post so many messages, right? Those people will have tendered their shares at 24p and walked away. The de-ramping team will have tendered but why haven’t they walked away? Because they want to buy back in. So.. that must mean they think the company must have some good prospects and that the SP will rebound…
Their volume of posts right now seems desperate. Maybe they are concerned more people won’t sell their shares. Maybe they are worried the company will send out even more positive news, perhaps additional orders from STM or more patents or onboarding another multi-national company that wants to work with Nanoco.
Maybe they worry they won’t be able to buy back in any lower SP? There were some large buys yesterday (4 alone over 150k shares) in addition to the company buy-back. The big buys are likely to be from shares tenderred getting back in with a nice profit. They don’t seem to think the SP is going much lower... Those people who already sold can’t exactly sell more shares to lower the SP, whilst the company still has £2+m to spend buying back shares – on top of all those expecting to buy back in.
So, that game of musical chairs they are playing… they are running faster every day and worrying there won’t be a chair for them to sit down on when the music stops…
I was interested to know about the pattern for selling Nanoco shares since the tender, so I have been doing some analysis using data from the past week. I have tried to be impartial, but note that some of my investments are in Nanoco so my findings may well have an unintentional bias. This is not advice and you should not base any decisions on this analysis, nor should you assume this information is in any way accurate. Please do your own research.
According to my research:
5.8m shares were sold in the past week (45% at 22.5 - 23.5p, 66% at 21 - 23.5p, 34% at 18.5 – 21p). The selling “appears” to be slowing down (based on this very limited set of data).
We know a lot of traders took a high or maximum tender allocation at 24p – and it seems obvious to me that some expected to buy back in if the SP retracted. We know Lombard Odier have reduced their holding to 16.9m shares, which I personally believe is good news.
There were 12 individual transactions this week, representing 52% of all shares sold, which has helped push the SP lower. Co-ordinated sellers could try to lower the SP further by selling, but “if” this is trading activity to push the SP down I’m wondering whether they will have much firepower left. Of course, this forum could be abused to spread bad news and misinformation about the company as I’ve highlighted before in an attempt to induce some selling...
However… and here is my view… there are a lot of people waiting on the sidelines with money. £30m was given back to investors who tendered at 24p and the company still has £2.5m left to buy back shares.
So, I wonder whether the traders are playing a game of musical chairs with each other. Some are are waiting for the music to stop when the SP drops to 16-17p. I’m just not convinced how many empty chairs (sellers) there would be if it got to that level. Of course it is good news for the company buy-back if the SP did stay lower, but the SP would be expected to increase quickly if the selling volumes reduce and if those waiting to get back in think they are about to miss the bottom.
Again, this is all purely my opinion and I might be completely wrong. Do your own research and be extremely wary of the motives of overly positive or overly negative posters.
I have quoted below from a useful article below.
"The need to put to an end malicious postings on investor bulletin boards" (yorkshirepost.co.uk)
On-line shareholder bulletin boards and share chat rooms, are increasingly a forum for defamatory abuse, insult throwing, and misinformation deliberately aimed at undermining shareholder value.
If you look at sites such as ADVFN, Interactive Investor and London South East, home to three of the most popular bulletin boards, you’ll see a stream of commentary from investors about every listed company there is. Each writers’ identity hidden behind an online moniker (such as pauliewonder, mr hangman or bomber13) and emboldened by anonymity many of these posters swap insults with each other, post derogatory remarks about the directors and make accusations of fraud.
This is the saddest part about the current state of bulletin board chat. They discourage companies from taking them seriously, and make CEOs wrongly assume that on-going engagement with retail investors will just be opening the door to more direct abuse for these ‘keyboard warriors’. In reality though many of the posters on these boards are genuine supporters of the companies they invested in, and spend a great deal of time researching the markets in which their investments operate, constantly on the look out for relevant information that might have a bearing on the value of their shareholding.
Recently, I decided to post on this forum after years watching from the sidelines. My aim was to highlight, and counter balance, the disruptive behaviour of a number of posters who appear to have an agenda of posting defamatory remarks about the company and about its board of directors, sowing discontent and trying to talk down the SP. Disappointingly, I was very quickly drawn into engaging with them when it only gave them more air time. I requested that my previous posts be removed and I walked away for a few days. I do not plan to engage in that way with them going forward.
This used to be a good forum for healthy discussion about Nanoco, with different opinions and respect for the opinion of others. Now, any useful information is soon drowned out and it is sadly not currently possible to have a balanced discussion here. The disruptors tactics are a combination of misinformation, name calling and barracking. You will see these behaviours used cyclically by serveral posters – and I expect they will be used in response to this post.
It is clear that a number of people posting here took up the tender to sell their shares at 24p and are working hard to try and influence the SP down, so they can buy back in at a lower SP. If they weren’t doing that why would they still post here? Some will try to justify their reasons why they think the SP will fall, others will cherry pick information and turn it info misinformation, whilst others will reply to them to make it look like there is a lot of support for their opinions.
But, with such an agenda, these people are not providing a balanced and impartial view and it would be a futile exercise to try and reason with them.
Kooba, "Loam would have had a one to one meeting with the company after the interims" blah, blah, blah..
And what happened in that meeting Kooba? Do you think Nanoco's CEO has infiltrated some of STM's potential customers? What do you think BT knows that he has already told us that he couldn't know? Come one, give us an example instead of saying LO would have been unhappy pocketing 50% profit on some of their holding.
I know... What if BT knows that the dots explode if exposed to sunlight? STM have been working with these dots for years but maybe they've never taken them outside!
NGR, even if they bought the same number of shares back at 22p they would have pocketed £737k of free money. They were always going to make some money... Or, they might see something else to invest in.
The really big question we need to ask is... why do we care?..
Kooba, 404x, TG2D etc care as they want to use it to create a narrative of panic because they want to buy back in at a lower SP. But there isn't any panic. LO's money isn't missing from the company - we gave it to them along with anyone else who wanted some. LO aren't selling 36.8m shares, they've already sold them!
If I were Nanoco's CEO I'd be glad. The fewer big holders who have the ability to create artificial SP swings the better. And LO have got far less ability to do that going forward.
So, I see this as a positive outcome.
Kooba, I know as much about LO's intentions as you do... yep, you don't know and I don't know.
And yes they do trade the market. Did you not know that's what they do? Of course it's good for Nanoco that they have reduced their holding.
Tell me why you see this as bad news? Do you have a conspiracy theory? Do you think LO have sent people to infiltrate STM's potential customers to find out their plans?
You want to spin why they sold at 24p as a cause for concern. You do understand thats a nice profit for the ones they bought at 16p? Let me help you, thats not 1p difference, it's like.... about 50% more!
Kooba, yep they tendered - and yep I bet they plan to buy back in if they see an opportunity to make some money. You see, that's their job...
Do you know how they make their money? They buy and they sell. And then they buy. Etc...
They bought 8.1m shares at 15-16p in Nov-23. They tendered. They made £650k+ profit on those alone. They didn't need to know anything more than you or I knew about Nanoco. I did exactly the same as them when I bought more at 16p.
You desperately want to read more into it to fit your narrative and to serve your own agenda. But it's nonsense to try.
THIS IS GOOD NEWS!
You guys commenting on this are twisting information again. Who do you work for?
So... LOAM INCREASED their holding by 8.1m shares in Nov-23 when the SP went down to 15-16p. Good move, I did the same myself.
LOAM tendered 68.5% of their holding. Good move for some quick profit. Do you know what their average was? Do you know what else they plan to invest in? Do you know they weren't thinking they could buy back in? No, you don't know. Unless you are working for them??
So.. stop twisting this to suit your narrative and to suit your agenda. Yes you are trading the share and want to buy back in - we get it. But it is simply HORSE SH*T to say "Seems LOAM don't expect any material orders from STM to arise anytime soon". If you guys are working in the financial industry you would be guilty of market manipulation by talking out of your ARS*HOLES like that. Say stuff you can prove, don't make up CR*P to promote your agenda.
Did anyone NOT expect them to do this? Can't just have been me. It is VERY GOOD NEWS for Nanoco to not have a major shareholder to bow to. The company has £23m in the bank and no longer needs their support.
Unless you present facts all I see is a POTENTIAL BRIGHT FUTURE based on positive developments.
TG2D
I would caution against cherry picking one day of data to try and find a trend… they are spending, at this point in time, an average of £46,403 per day.
You now think the SP is going up? Why have you changed your mind? Was it the supply and demand thing?..
TG2D
It is not odd at all. Nanoco, via its 3rd party, will buy its own shares at market rate. They will not wait for the SP to go up, or down.
How does your analysis lead you to believe the "£3m will be used by end of May at the latest"?
Statistically, Nanoco has been buying back their own shares at an average of £46,403 per day. This would, based on projections using the data available to us today, last 61 days - until 12th July.
If at any stage you would like my assistance with the impartial interpretation of any data please feel free to ask.
From your friendly neighbourhood Statistician