ACTIONS TO WATCH: Nanoco winning the Samsung battle
STOCKS TO WATCH: Nanoco stock price soars after overcoming hurdle in its David and Goliath battle against Samsung
Nanoco’s share price is rising after overcoming a hurdle in its David and Goliath battle against Samsung.
The US Patent Trial and Appeal Board ruled in favor of the small Manchester-based company in a dispute over its television technology.
Nanoco says this puts it in a stronger position heading into a court case due this year in Texas, chosen for its fast-track “rocket file” legal process.
Northern rock: US Board of Patent Trials and Appeals ruled in favor of tiny Manchester-based Nanoco
Nanoco claims Samsung knowingly used the UK company’s technology in its best-selling QLED TVs.
He says that the two of them worked together when Nanoco was researching this area. Samsung strongly denies the legal claims.
Nanoco is also considering injunction proceedings in the UK and Germany that would prevent Samsung from selling the TVs.
It would take 12-18 months, but its 6,000 retail investors are already sitting on a stock rally that has taken the company’s value from £82m to £117m in just days.
Brookfield’s approach to Homeserve is ‘reasonable’
The latest hollowing out of the FTSE250 by private equity firms came last week via Canada’s Brookfield, which launched a £4bn bid for emergency repairs group Homeserve.
It was a hefty 71 percent premium to Homeserve’s pre-offer share price, but takeover watchers have been coached by Liberum brokers not to rule out a better offer.
They said Brookfield’s approach was “reasonable but not eliminatory and the door is open to another offer.”
Chapel Down discusses moving from Aquis to AIM
AIM could be raising a cup to a high-profile convert in the next year.
Kent winemaker Chapel Down is considering moving from the challenger Aquis Exchange to the junior market.
It would be a bold move for boss Andrew Carter, who replaced founder Frazer Thompson last September.
But experts have been keen to stress that it is still too early to uncork, and a change is unlikely to happen in the next 12 months.
The wine and soft drink maker, backed by former Football Association boss Martin Glenn and City veteran Michael Spencer, turned a profit again last year as many Britons eschewed prosecco and champagne in favor of local drinks.
Endeavor Mining faces a beating at the General Meeting of Shareholders
Endeavor Mining could be in line for a thrashing from shareholders on Tuesday at its annual meeting.
Proxy advisers Glass Lewis and PIRC have urged investors to reject gold miner FTSE100’s pay policy, which sets the rules for future pay packages.
Advisors have taken offense at various points, including the new pension contribution rules.
They are also upset that Endeavor, which works in Burkina Faso, Mali and Senegal in West Africa, has proposed long-term awards that are not evaluated over a sufficient period of time.
In a week packed with general assemblies, this could be one to watch.