Nanoco (NANO)

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Nanoco NANO Logo

A world leader in the development and manufacture of cadmium-free quantum dots and other nano materials.

12-Jan-2018 – 27.5p – £78.6m – PER n/a

AGM Statement – If this is all they have to say at the AGM I wouldn’t bother turning up even for the free canapes and vino.

Stockopedia still classes this as a “Speculative Sucker Stock”. I will leave it to those with that kind of investment bias. Also looks like it may well need some more Cash soon.

16-Oct-2018 – 34p – £97.2m – PER n/a

Trading Update For The 6 Months To End September 2018 – Revenue up more than 100% to £3.5m (2017: £1.6m), Loss after tax down from £9.1m to £6.0m, Cash Position up to £10.7m – Sufficient to fund the Group assuming commercial production revenues start early in H1 FY20.

I am going to remain Neutral while it’s still clearly loss making.

13-Dec-2018 – 37.2p – £106.4m – PER n/a

AGM Statement – Trading in the first 4 months of the year means confident of meeting FY targets.

Will wait to see how the results for this current loss maker come in – Most unlikely I will be getting involved until it first proves it can make a profit.

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