Cyanconnode Share Discussion Threads

[multibagger] 09/4/2017 19:04

Thanks guys :)

Let's hope so lynxboy !

[lynxboy] 09/4/2017 17:08

thanks for a good thread Multibagger, nice to have everything in one place,lets hope it matches your username!

[bscuit] 09/4/2017 16:52

Good idea, given yet another change of USP.

[multibagger] 09/4/2017 16:00

Started a new thread to link in RNS feeds and embed relevant/recent videos.

Also to capture the subtle but important shift from smart metering to narrowband RF solutions in the context of Smart cities and IoT.

Good luck all :)

[multibagger] 09/4/2017 15:56

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Smart Metering in India : A Critical Assessment Revision Oct 2023






Key Points as of 17 April 2024:

* Market cap is about £ 27 million currently

* FY end March 2024 unaudited ("materially exceeds market expectations" RNS out on 16 Apr 2024)
* FY end March 2025 expected revenue is about £35m (about 12 months time) - 80% revenues in the bag already

* Board of Directors have decent skin in the game

* Exec Chairman John Cronin has a track record of 5 exits with $600 million returned to share holders

* CYAN has won about £24m/$30m in orders won in calendar year 2023 with 60% revenue to be recognised in 12-18 months.

* A further about £18m/$22.5m in orders in calendar year 2024 RNSed so far - Montecarlo, Thailand and Intelllismart

* CYAN currently has about 25% current market share in India and 40% contract win rate in Tenders with 25% volumes

* Order pipeline in India : 6.6 million units = approx $103 million or £82.5m

* Backlog yet to be delivered in India: 3.8 million units = approx $59 million or £47.8m

* Currently bidding for about 178 million units in India - multiple shots at goal

* Each unit (smart meter) is worth about £12.50 to CYAN over the typical ten year life of the contract.

* Also already operating in Dubai, Abu Dhabi, Thailand, Sweden, Finland, Nigeria and India.

* Acquisitions in the sector such as previously AIM listed Calisen (CLN) and Smart Metering Systems (SMS) have been at over 50% of share price premium

DoI: I am an optimist and an investor with very long investment horizons and decent sized positions in the companies I invest in.

I have been invested in CYAN since 2016.

Good luck all !

[multibagger] 09/4/2017 15:09

If anyone is interested...I have set up a new CYAN thread with RNS feed and relevant/recent videos embedded :)



Good luck all :)

[multibagger] 09/4/2017 14:42

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Company Website:

Major shareholders:

[lwaxf13] 07/4/2017 23:23

Or put another way "in effect you can be rewarded for taking the share price down circa 50% from where it was the day you arrived". I wonder what criteria they use at cyan to measure success ;-)

[multibagger] 07/4/2017 20:33

All of us who have been in the market long enough - have had our share of "dogs". That is life. That is reality.If your timing is bad in entering or exiting a stock, then tough. Even the likes of Buffett and Soros have had their dogs/made the wrong calls.

I have lost £100s of thousands of pounds on the market, but made a lot more from the lessons I have learnt. Being bitter about it won't change a thing other than make you unwell.

Reflect and learn from the lessons and move on. If you don't like a stock or can't trust the management, sell.

I have learnt not to buy into tech companies until they are derisked. To me that de-risking of CYAN occurred in April 2016 after the Iran order. So after being on my radar for a few years, I piled in. I am in the rose tinted camp.

Each to his own - nobody forces anyone to buy, hold or sell. You make your investment decisions and take the risk as in any other walk of life.

Good luck all !

[stav5001] 07/4/2017 19:39

Talk is cheap.

I was a hard-line LT CYAN fan, now I am a reformed ROSE tint, so I am with IWAX until I see some real money!

"So in effect you can make money by failing to get the share price above where it was the day you arrived. Nice work if you can get it. Where do I sign up for a job like this where I can set the bar so low that I should make money?"

The Dilution at CYAN is on such an epic scale it deserves a regular mention, surely Consolidation must come soon, before we can no longer comprehend the interstellar numbers.

Nice to buy in on those terms!

If we really do get bought out in future, who will really benefit, will it be the Pi's who paid and made it possible for CYAN to get to that point?

[emptyend] 07/4/2017 00:09

Hi Bscuit,IMO it is very largely a smaller company issue. This situation is relatively exceptional, I think......there are not many businesses where NEDs can add material value through deal-doing, but I do think this is one. I also think that the quantum of the options isn't massive and the conditionality isn't unreasonable.As you indicated, the important point is that the company really may get somewhere if they can leverage all the talents and contacts.......and if they can't harness them, they may fail to get to the tipping point the company needs to reach.re dilution, this is always an issue - until the point where shareholders can see the payoff. I'm a NED elsewhere at a company where (mostly for execs) there was a big options award 10 months ago (after years of no incentives) and, since then, shareholders could have made nearly a seven-fold gain. Strangely there have been no complaints in recent months about dilution......;-)

[bscuit] 06/4/2017 23:51

EE,

I agree that my view is probably too theoretical for a small company and that the directors have worked hard , especially by taking share based remuneration, tho' I know from conversation with one director that they have had grief over the dilution issue.

I'll be happy if they really get somewhere and I can take significant profit at very long last as now looks a better prospect than for many years!

[emptyend] 06/4/2017 19:45

Bscuit,From my knowledge of this company and its NEDs, the NEDS are not seen as salaried milk-monitors. Instead they are seen very much as deal-doers, bringing their skills and contacts to help the company position itself as a market-leading "must-have" in its tech space. The Connode deal is a case in point - and the NED most involved has followed his initial investment with fresh money.It is wholly appropriate for people who are expected to do value-added deals to be remunerated with material equity. If you set the bar for getting the equity too high, then the behavioural consequence will be one of two things: taking on too much risk - or not busting a gut to progress the company. Neither are in shareholders' interests.

[krowelet] 06/4/2017 16:52

I think we should be very pleased, first that this guy from Arm has thought fit to join Cyan, he will be a huge asset to the company I am sure. He then shows good confidence and buys £50k of shares at market price the next day, he then has the option to double up at the same price, so that is a decent incentive to help in getting the share price to a much better level and we all gain, I wouldn't begrudge him his capitol gain one bit.

[stupidboypike] 06/4/2017 16:29

Bscuit, I do agree with you but at least he put his £50k in to say "I believe in the future here" - it's more than some do at some companies.

Best regards SBP

[lwaxf13] 06/4/2017 15:59

Fair point biscuit, they do seem to have arrangements carved up nicely to enrich themselves even for failure. I find it disgusting the options awarded here. What justification is there for these option grants? Have the cyan team been doing s sterling job and to retain them they deserve options? The low bar on the options is pathetic IMO. I would imagine their priority is to just get their money back that they have personally put in to this over the years.

[bscuit] 06/4/2017 14:19

Speaking personally I think that to maintain independence NEDs should be employed on a fee-based remuneration, but that in any event options should have been at a higher level since in effect Hutton has acquired 52 million at the current price without the effect having done anything for Cyan except joining the board and thus lending his name and kudos to the company.

I hold 0.16%.

[lwaxf13] 06/4/2017 10:59

Good to see the cyan team awarding themselves even more low bar options ;-) Exercise price 0.2172p. So let me understand this. You rock up at a business to turn it around and the share price is around 0.4p. You oversee a share collapse to all time low of around 0.13p then the share recovers to around 0.2p. You are rewarded with options that start making money above 0.2172p. So in effect you can make money by failing to get the share price above where it was the day you arrived. Nice work if you can get it. Where do I sign up for a job like this where I can set the bar so low that I should make money?

[puffintickler] 06/4/2017 08:18

nilli

That will be a standard clause for this type of agreement.

If it was not there the directors would not want the options as if the company is successful there is a high chance it will be sold within four years.

[nilli] 06/4/2017 07:35

The last sentence in the announcement stating that the options may be exercised fully prior to the fourth anniversary in the event of the sale of the company sounds very interesting.

[ny boy] 06/4/2017 07:25

This stock is ready to move much higher this quarter.

Always good to see Directors share purchases

Looking forward to contract/s news out of Asia soon

[multibagger] 06/4/2017 07:12

Peter Hutton buys 26m+ shares for starters @ 0.19p


RNS Number : 7342B

06 April 2017

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Director Shareholding and Issue of Options

CyanConnode (AIM:CYAN.L), the world leader in narrowband radio mesh networks, was notified yesterday that Peter Hutton, Non-Executive Director, purchased 26,308,972 ordinary shares of 0.01p in the Company ("Ordinary Shares") yesterday, at a price of 0.19 pence per share.

Peter was appointed to the Board of CyanConnode as a Non-Executive Director three days ago and joined us from his most recent role as a member of the executive committee at Cambridge based ARM Limited, the UK trading company of ARM Holdings plc, which was recently acquired by Softbank Japan for GBP24 billion.

Following yesterday's purchase, Peter Hutton's interest in the Company's current issued share capital is 26,308,972 Ordinary Shares, being approximately 0.15% of the current issued share capital.

Furthermore, in accordance with the CyanConnode Non-Executive Share Plan, details of which are set out below, and following the above purchase yesterday, the Company has granted options over 26,308,972 Ordinary Shares with an exercise price of 0.19 pence per Ordinary Share to Peter Hutton. Following this grant, Peter Hutton will hold options over 26,308,972 Ordinary Shares.

CyanConnode Non-Executive Share Plan

The Board adopted a share subscription and option plan in July 2014 in order to retain and attract Non-Executive Directors.

Existing and future Non-Executive Directors are offered the opportunity to purchase up to a maximum of GBP200,000 of Ordinary Shares in the Company at the then current market value and receive an associated grant of options over an equal number of Ordinary shares at the same market value. The options are exercisable only after the fourth anniversary of the date of grant and must be exercised in prior to the tenth anniversary of the date of grant. The options may be exercised in full prior to the fourth anniversary of the date of grant in the event of a sale of the Company.

[runthejoules] 05/4/2017 07:26

Cpap man, it's really annoying to get alerts saying people you've filtered have posted. It's almost as annoying to get messages from people just saying they've filtered them.

Actually this message is probably annoying too, sorry all, but if it cuts down the number of irrelevant messages then it's hopefully worth it. Good luck all.

[multibagger] 04/4/2017 21:47

Courtesy of Chemistry2 on the other thread...

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