Nanoco (NANO)

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.

15-Aug-2019 – 12p – £33m – PER n/a

Trading Update For The 12 Months To End July 2019 – Best results ever with Revenue at £7.3m, double last year and slightly ahead of market expectations, Cash at £7m. Major work programme as previously identified will not extend beyond 2019 but over 100 new patents have been granted and applied for during the year. No mention of Profit.

For me, it’s still a case of waiting for those actuals for this current loss maker.

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