numberbiter
25 Sep 2017
Re: Edison Speculative, what I am always aware of is when the numbers do not match the rhetoric. In 2015 Group sales were £2.029 million. Since then the company has said that their exclusive agreement with Dow has been cancelled and now they are going freelance. In 2016 Group sales fell to £0.758 million and while 2017 is better with half year sales of £0.818 million, the company hasn't progressed since 2015. You say there are mega companies relying on the Nanoco Group, but they must be worried now.. Between 31/7/16 and 31/7/17 the company's cash balances fell by nearly £10 million. As already reported, E&Y only agreed to accept the company was a going concern in 2016 after making numerous tests and accepting management forecasts.You may, of course, be right that this company will recover and make millions. It is also possible that they go bust because they run out of cash. Whichever way you look at it this share is a lottery style punt,
Speculative SIPP
25 Sep 2017
Re: Edison Numberbiter,If you go to the website of what is now Dow Dupont I am sure that you will be able to find the details of its Trevista Quantum Dots which rely on a licence from Nanoco. If you go to the website of Merck I am sure you will be able to find details of its own agreement with Nanoco. These are megacap companies to whom £5m is absolute peanuts. You seem to be making comments without even being aware of these agreements. Am I correct?Anyway Nanoco's results are out in a few weeks so we may learn a little bit more about what is happening then.PS Why do you take it upon yourself to try to put everybody right? Are you simply trying to prove to yourself how clever you are?
numberbiter
24 Sep 2017
Re: Edison Speculative, yes I do have better things to do in my retirement, but readers on this bb should be aware what they are getting into. I am always very cautious when structures seem incomprehensible, as in this case.If you check with Companies House it has been know for at least one business to go bust where the company gave the registered address as 46 Grafton Street, Manchester. Now, the company doing the business as shown in the Nanoco Group plc accounts is Nanoco Technologies Ltd. This company is wholly owned by Nanoco Tech Ltd, Nanoco Group plc owns Nanoco Tech Ltd and Nanoco Life Sciences Ltd. All these Ltd companies share the same address as Nanoco Group plc - 46 Grafton Sreet, Manchester. All of these Ltd companies are considered either to be not trading or not considered to be going concern for certain (auditors express doubt).If you go into the Nanoco Group pls website their 2016 accounts are shown not to be statutory accounts and their half year accounts are unaudited. If you go into 'Companies House' you will find the same 2016 accounts for Nanico Group plc as on their website, but this time they are audited. The auditor, Ernst & Young, state they have rsservations as to whether the company could be classified as a going concern, so they carried out a number of tests and accepting forecasts made by management they accepted the going concern status, but it was obviously a close call.This share is a speculative punt on Nationsl Lottery proportions.I always get concerned when 'analysts' simply trot out what the company directors tell them and don't examine the company fully, as I believe is the case with this company being recommended. I am simply giving the opposite view; I recommend readers should do their own research.
Speculative SIPP
23 Sep 2017
Re: Edison Note Numberbiter,I have just had a quick look at your posting history. Do you have nothing better to do with your retirement than post endlessly on this website?the way I manage my own pension fund and, even though I say it myself, consider myself to be quite good at it. I have shares in Nanoco very much at the speculative end of a quite large total portfolio. Although it clearly is running out of cash its IP underpins the capital investment of some very large companies indeed. Are you aware of that?Also from a brief look at some of your posts your views on politics are clearly very different from mine and I suspect that I am not much younger than you. You mentioned the budget performance of the Labour government in the late 1970s. From 1976 to 1979 Denis Healey did reduce both the rate of inflation and the budget deficit considerably. The only reason he did that, however, was because he was forced to by the IMF to introduce austerity. Before he went to the IMF for a loan the budget deficit as a percentage of GDP was not dissimilar to what it was at the end of the last Labour Government. Unfortunately for the Labour Government at the time the enforced austerity caused the winter of discontent and brought them down in 1979.The current Conservative Government clearly does not have the quality of Margaret Thatcher's conservatives but god help us if Jeremy Corbyn's Marxists ever get in power.
numberbiter
22 Sep 2017
Re: Edison Note Edison's note is based on pure speculation. The financial facts are far more worrying. Notes to the accounts for the year ended 31 July 2016 state: "The preliminary results of the Group do not constitute statutory financial statements and have therefore not been delivered to the Registrar of Companies. The directors state the auditor did not find any problem with the figures but there is no Audit Report. The half year accounts are unaudited and at 31 January 2017 is cash balance is shown as £8.328 million; not bad except the cash balance was £24.216 million at 31 July 2013. The latest update suggests that the cash balance at 31 July 2017 will be (was) £5.8 million. Put simply, losses have mounted up and the cash burn has been high.far the largest part of Nanoco Group is 'Nanoco Technologies Ltd' (this is where the Group's manufacturing facilities are) and their 2016 accounts (very similar to Group results on many lines) were audited by Ernst & Young who produced an audit report, which included the words: "there is evidence of material uncertainty which may cause doubt about the company's ability to continue as a going concern." Anyone investing in this company (current price 29.5p, from a high of 200p) is taking a lottery style punt.
Bunny007
21 Sep 2017
Edison Note [link] particular, we believe there is a strong probability that Nanoco’s CFQDs will be used in high-end TVs being demonstrated by AUO, the world’s third largest display manufacturer".
HPC Follower
20 Sep 2017
Re: Shouldn't.... If I was Nanoco, I would be offering first deliveries to those paying upfront or a premium.I would be amazed if these TVs are not well received if the black is now also as good as OLED.
Chip_Scashtin
19 Sep 2017
Re: Shouldn't.... They did actually, at the end of the RNS on September 8. Now, as hoped, dribs and drabs of news are picking us back off the floor. Question is whether they will need funds.
Bunny007
19 Sep 2017
Re: Blog - David Yao at Touch Taiwan RNS is out, they pulled the blog post ...[link] global television manufacturers will showcase state-of-the-art 4K and 8K UHD products incorporating Nanoco's CFQD® Fine Color Film™ at the event at the Taipei Nangang Exhibition Center on September 20-22"
Bunny007
19 Sep 2017
Blog - David Yao at Touch Taiwan [link] CFQD® quantum dot Fine Color Film can also be seen at Touch Taiwan, incorporated into state-of-the-art 4K UHD products being displayed by major global manufacturers".
BassCadet
19 Sep 2017
Re: From Eskers on LSE. It sure is.Once the supply chains are confirmed with Nanoco involved I'll be confortable that a good revenue stream is secured. I'm still not 100% convinced financing won't be needed in the meantime though. Launch next spring might push it right to the wire.
Bunny007
19 Sep 2017
Re: From Eskers on LSE. Thanks BassCadet, I was also going to refer to these posts on LSE by Eskers and Goldenshot as well, you beat me to it I must say this is looking encouraging, the phrase "cadmium-free" being used by OEM is a good sign.
BassCadet
19 Sep 2017
From Eskers on LSE. Sounds indteresting...Touch Taiwan 2017: AUO to present 8K4K bezel-less TV displayRodney Chan, DIGITIMES, Taipei [Tuesday 19 September 2017]AU Optronics (AUO) will showcase at Touch Taiwan 2017 its 85-inch 8K4K (7680 x 4320), and 65-inch and 75-inch UHD 4K (3840 x 2160) bezel-less ALCD (advanced LCD) TV displays.Enhanced ALCD technologyAUO is presenting an enhanced version of ALCD technology. Through a comprehensive HDR (high dynamic range) design, a ALCD display can achieve as high as 2000-nit brightness with higher contrast, according to the panel maker. Its low reflective quality helps to deliver high HDR image quality even in daylight. adopting CADMIUM-FREE QUANTUM DOTS with high color saturation, the display can reveal rich and detailed color depth, with a wide color gamut exceeding NTSC 110% in all environments, boasting an overall higher image quality than OLED TV. AUO applies its internally-developed GOA (gate on array) technology to lower the number of display driver ICs and expand the display viewing area. The 85-inch 8K4K bezel-less ALCD TV display features 120Hz high refresh rate.High-end gaming monitor panelsAUO has devoted to the development of gaming displays for many years. AUO has partnered with Nvidia to develop the Nvidia G-SYNC HDR technology. applying the advanced HDR technology, more contrast in games with dark scenes can be accentuated, along with more clarity and richer details against both bright and dark backgrounds, according to AUO. In addition, quantum dot wide color gamut technology has been adopted. AUO said it is the world's first to present 27-inch gaming monitor panels combining 144Hz refresh rate and UHD 4K ultra high resolution, applying advanced HDR technology and Adobe RGB 99% high color saturation. AUO's 35-inch WQHD (3440 x 1440) gaming monitor panel possesses refresh rate as high as 200Hz and advanced HDR technology, and sports a curved design with 21:9 ultra wide aspect ratio to deliver an immersive, lightning-fast gaming experience.[link] from Goldenshot...Nanoco supply WAH HONG and one of their ultimate clients is AUO one of the biggest TV & DISPLAY company's in the world. This link shows to the world the success of Nanoco quantum dots.This is the first of many.http:-www.prnewswire.com/news-releases/auo-presents-worlds-largest-8k4k-bezel-less-tv-display-300521795.html
FFRREEDDYY
18 Sep 2017
Re: Shouldn't.... Why? They didn't on the way down.
mackackoo
18 Sep 2017
Shouldn't.... Nano be making some kind of statement about the share price movement?
