Investors hoping to see a substantial increase in revenues at Nanoco (NANO) in upcoming final results have been sadly disappointed. The shares remained unmoved at 43p as the quantum dot specialist has revealed that commercial sales are still an evasive target and revenues in the year to July 2018 will only be £3.3m – well below broker Peel Hunt’s £7.5m target.
IC TIP:
Buy
at
43p
Still, it’s not all bad news. The group has signed some impressive partnership agreements in the past 12 months and its newly expanded Runcorn manufacturing facility should start delivering commercial sales in the final quarter of 2018. Substantial revenues aren’t expected until the end of 2019.
