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Nanoco Group (NANO1)

Business description

Nanoco is a global leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials. Nanoco’s platform includes specialist manufacturing lines and over 650 patents. Focus applications are advanced electronics, displays, lighting and bio-imaging.

Contract extension with major partner

Flash note | Technology | 25/01/2019

Nanoco’s contract extension for work with its US customer fully underpins our FY19 estimates and gives the business a c £3m+ head start entering FY20. Our forecasts are unchanged, but progress with this major customer has shone a bright light on Nanoco’s IP and execution credentials. Discussions are now ongoing with a number of parties, which could drive upside to our near-term estimates.

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Stock data

Market cap.£154.4m
Last close54.000p
High / Low (52 weeks)54.0p / 33.2p
Stock market listingLN
Forecast net cash (£m)3.4
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual21.531.433.7
Relative *17.426.334.8

* % Relative to local index

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