The problem is that commissioning was 7 weeks late or so, meaning commercial production will not really begin till Sept. The market is just factoring in reduction is next year's earnings imo. Plus prices always undershoot and overshoot. But in the end the sellers finish and there is no evidence of institutional selling. Runcorn already have customers for display who will be switching to Dow. This has been made clear. The company and the industry are growing. Apart from Samsung there are no cadmium free commercial producers apart from Nanoco. It's an unpleasant price movement but on good news the share can move rapidly imo.
I see the Chinese have extended their Rohs though still not sure when it will be implemented[link] Rohs same limits as the EU, though of course without the exemption on displays that will be revoked pretty soon. Not sure where that will leave Nanosys and QD vision ...
Interesting to re-read the recent EU Parliament's decision on cadmium in display in particular 'Considers in particular that the justification given for the exemption in point 39(b) is based on an outdated situation with regard to the practicability of replacement of cadmium in quantum dots; therefore calls for a swift reassessment of the existing exemption in point 39 of Annex III to Directive 2011/65/EU against the conditions of Article 5(1)(a) thereof with a view to its revocation;[link] I like the words swift and revocation..
ooops ... TCL, Konka, Philips et al are going to be as the Americans say in a 'very bad place' ....
Plus the EU aren't going to extent the EU exemption on cadmium in display. So QD vision and Nanosys have a huge uphill marketing battle to win. Worse still, China's Rohs bill for comment expired on 17 June. Will they follow EU standards. If so Tc
I see samsung have just brought out Qdot TV UHD for around £850 or $1300 [link] The market as usual is moving much faster than the analysts can judge. Cheapest OLED from LG almost £4k The price differential is insane imo. If the rest of the TV world don't get a handle on quantum dot technology and soon they to put it politely are screwed. Bring it on Dow/Nanooco
The lighting news is on their website. It wasn't an RNS because Nano don't pump their share price unlike many others. Great news though. But key is Dow and its mass production of QD's. We'll hear soon enough...
Yes, QMM poor and not investible. No customers no credibility. So exciting now to see Nano go commercial with lighting. And the Dow factory about to start producing. The market once it senses cash generation will go nuts trying to buy Nano shares. The question is when .. I think sooner than most believe on these boards.....
Dow about to start production and lighting accelerating. We're the first to launch QD LEDs. Nanosys and QD vision not interested in that. Cadmium a big problem, too. Years of collaboration with OSRAM and Marl and probably the reason for such expertise.... Note there is a new job advertised on Nano's home page Quality assurance manager. ... I liked this phrase 'You should be attracted by the challenge of working ‘hands-on’ in a fast moving, rapidly growing company'