Cyanconnode Share Discussion Threads

[yump] 02/10/2017 23:18

They've got some cheek to be frustrated with the share price. They should be concentrating on the business and the share price will look after itself, if they actually manage to deliver a viable business.

Now if they were on a p/e of 10, growing at 15% profit a year, they would have some justification for being frustrated by the share price.

[multibagger] 02/10/2017 21:12

Most welcome cpap man, my pleasure :)

[cpap man] 02/10/2017 20:45

Many thanks for sharing multibagger

[multibagger] 02/10/2017 20:44

Attended the meeting at Cambridge - missed introducing myself to tighfist (though we may been at some of the same conversations) - my apologies.

Any unintended mis-interpretation and/or any errors or omissions are of my making....apologies.

To loosely describe the key messages.

"Cyan inside" - meter and utility agnostic chip and multiple communication solutions
"ARM like Business model" - heading towards a recurrent royalty based model with sticky revenues
"Linux like operating platform" - a software communication interface that allows for legacy systems and communication protocols to be co-opted into new technologies / solutions. If I understood correctly due to go live in Nov this year. My interpretation is that this could be massive in terms of commercial value.
Learning from the Ghana model and reading between the lines that some of the large economies in Africa could be on the radar. When I queried Nigeria, South Africa, Egypt etc - they were not denied. NIK seems to be a big player in Bangladesh as they have bought an utility company there.
"Evolution from a smart metering provider to a solutions provider" - playing alongside (dare I say IBM, Schneider which were mentioned)

Looks like some revenue from UK contract already recognised (circa £1m) and that "not spots" may expand to a best case of 30% from 10% now - could be of substantial revenue uplift (see presentation)

Iran seems to be on track, though acknowledged to be slow due to further verification and security clearance from Govt in Iran (not surprising that they are very careful of things plugging into their infrastructure given the "stuxnet" virus and nuclear programme issue. Now been cleared at the highest levels and thought to be an extremely sticky contract as US companies effectively out the running due to current administration.India - top team from Tech Mahindra (Daulani + Head of Business Development + Head of Delivery) have moved across to CYAN
Development of new posts - Chief Commercial Officer, Geoff Sarney and a new Head of System Integrations due to be announced. I got the clear sense that a massive amount of work going on in the background.

Directors were all very enthused and focussed - all ready to talk, discuss and acknowledged frustration with the lack of share price movement upwards.

Overall, I was delighted to have made the trip down and met fellow BBers and Directors in CYAN.

I am delighted to see the potential and intend to rejig my portfolio in the next few weeks with a view to adding to my CYAN position.

If there is more I remember from the Meeting, I shall post later.

Good luck all :)

[multibagger] 02/10/2017 20:43

Attended the meeting at Cambridge - missed introducing myself to tighfist (though we may been at some of the same conversations) - my apologies.

Any unintended mis-interpretation and/or any errors or omissions are of my making....apologies.

To loosely describe the key messages.

"Cyan inside" - meter and utility agnostic chip and multiple communication solutions
"ARM like Business model" - heading towards a recurrent royalty based model with sticky revenues
"Linux like operating platform" - a software communication interface that allows for legacy systems and communication protocols to be co-opted into new technologies / solutions. If I understood correctly due to go live in Nov this year. My interpretation is that this could be massive in terms of commercial value.
Learning from the Ghana model and reading between the lines that some of the large economies in Africa could be on the radar. When I queried Nigeria, South Africa, Egypt etc - they were not denied. NIK seems to be a big player in Bangladesh as they have bought an utility company there.
"Evolution from a smart metering provider to a solutions provider" - playing alongside (dare I say IBM, Schneider which were mentioned)

Looks like some revenue from UK contract already recognised (circa £1m) and that "not spots" may expand to a best case of 30% from 10% now - could be of substantial revenue uplift (see presentation)

Iran seems to be on track, though acknowledged to be slow due to further verification and security clearance from Govt in Iran (not surprising that they are very careful of things plugging into their infrastructure given the "stuxnet" virus and nuclear programme issue. Now been cleared at the highest levels and thought to be an extremely sticky contract as US companies effectively out the running due to current administration.India - top team from Tech Mahindra (Daulani + Head of Business Development + Head of Delivery) have moved across to CYAN
Development of new posts - Chief Commercial Officer, Geoff Sarney and a new Head of System Integrations due to be announced. I got the clear sense that a massive amount of work going on in the background.

Directors were all very enthused and focussed - all ready to talk, discuss and acknowledged frustration with the lack of share price movement upwards.

Overall, I was delighted to have made the trip down and met fellow BBers and Directors in CYAN.

I am delighted to see the potential and intend to rejig my portfolio in the next few weeks with a view to adding to my CYAN position.

If there is more I remember from the Meeting, I shall post later.

Good luck all :)

[multibagger] 02/10/2017 20:43

Attended the meeting at Cambridge - missed introducing myself to tighfist (though we may been at some of the same conversations) - my apologies.

Any unintended mis-interpretation and/or any errors or omissions are of my making....apologies.

To loosely describe the key messages.

"Cyan inside" - meter and utility agnostic chip and multiple communication solutions

"ARM like Business model" - heading towards a recurrent royalty based model with sticky revenues

"Linux like operating platform" - a software communication interface that allows for legacy systems and communication protocols to be co-opted into new technologies / solutions. If I understood correctly due to go live in Nov this year. My interpretation is that this could be massive in terms of commercial value.

Learning from the Ghana model and reading between the lines that some of the large economies in Africa could be on the radar. When I queried Nigeria, South Africa, Egypt etc - they were not denied. NIK seems to be a big player in Bangladesh as they have bought an utility company there.

"Evolution from a smart metering provider to a solutions provider" - playing alongside (dare I say IBM, Schneider which were mentioned)

Looks like some revenue from UK contract already recognised (circa £1m) and that "not spots" may expand to a best case of 30% from 10% now - could be of substantial revenue uplift (see presentation)

Iran seems to be on track, though acknowledged to be slow due to further verification and security clearance from Govt in Iran (not surprising that they are very careful of things plugging into their infrastructure given the "stuxnet" virus and nuclear programme issue. Now been cleared at the highest levels and thought to be an extremely sticky contract as US companies effectively out the running due to current administration.

India - top team from Tech Mahindra (Daulani + Head of Business Development + Head of Delivery) have moved across to CYAN

Development of new posts - Chief Commercial Officer, Geoff Sarney and a new Head of System Integrations due to be announced. I got the clear sense that a massive amount of work going on in the background.

Directors were all very enthused and focussed - all ready to talk, discuss and acknowledged frustration with the lack of share price movement upwards.

Overall, I was delighted to have made the trip down and met fellow BBers and Directors in CYAN.

I am delighted to see the potential and intend to rejig my portfolio in the next few weeks with a view to adding to my CYAN position.

If there is more I remember from the Meeting, I shall post later.

Good luck all :)

[stav5001] 02/10/2017 16:27

CPAP MAN

Thank you for sharing.

"but that outlook would not be well-received on this BB"

Yes, that's true but not for lack of trying. I used to talk to Ken Lamb who loved this company and Simon,then I thought that perhaps the less likeable, hard nosed John Cronin would make a difference, but eventually I stopped attending the meetings of this cutting edge, world beater CYAN a while ago.

Too dangerous, I always fell for the hype time and time again, because it has always been big promises, with mind boggling potential, and....Jam tomorrow.

We are still a long way off from John Cronin's initial "£200 million" company, , and the late Kenn Lambs dreams

[yump] 02/10/2017 16:02

Those look like the sort of arbitrary numbers people come up with on Dragon's Den !

My bet is they don't want to give out any information that would allow anyone to do any real calcs. on likely profit. Its a secret you know.

However, lets assume the current level of costs continue.
That means at the end of 2018 costs might = revenue.
Except that by then there is going to be an additional chunk for cost of sales ie. the variable costs associated with manufacture/sourcing the products.

However, can't even estimate that, because we have no idea what the margin is on product sales.

I anticipate all that is going to emanate from them is revenue, revenue, revenue in an attempt to exit based on that. Especially if they can point to a much reduced R&D spend just before exit, with the prospect of sudden bottom line improvement.

Me cynical ? with my reputation...

[cpap man] 02/10/2017 15:38

tightfist2 Oct '17 - 15:11 - 1630 of 1630 2 0

A useful meeting attended this morning; good to listen carefully to Geoff Sarney, and particularly to chat with Harry Berry and Peter Hutton afterwards. I came away pretty positive about mid-term prospects for Cyan but that outlook would not be well-received on this BB. Shavian, please PM me if you would like some commentary alongside the presentation which is already linked on their website.

Regarding revenue forecasts, it's perverse that brokers notes are not readily available to PI's: I understand those forecasts to be 2017:£2.1m, 2018:£10m, 2019:£20m.

Cheers, tightfist

[cpap man] 02/10/2017 15:35

tightfist2 Oct '17 - 15:11 - 1630 of 1630 2 0

A useful meeting attended this morning; good to listen carefully to Geoff Sarney, and particularly to chat with Harry Berry and Peter Hutton afterwards. I came away pretty positive about mid-term prospects for Cyan but that outlook would not be well-received on this BB. Shavian, please PM me if you would like some commentary alongside the presentation which is already linked on their website.

Regarding revenue forecasts, it's perverse that brokers notes are not readily available to PI's: I understand those forecasts to be 2017:£2.1m, 2018:£10m, 2019:£20m.

Cheers, tightfist

[tightfist] 02/10/2017 15:11

A useful meeting attended this morning; good to listen carefully to Geoff Sarney, and particularly to chat with Harry Berry and Peter Hutton afterwards. I came away pretty positive about mid-term prospects for Cyan but that outlook would not be well-received on this BB. Shavian, please PM me if you would like some commentary alongside the presentation which is already linked on their website.Regarding revenue forecasts, it's perverse that brokers notes are not readily available to PI's: I understand those forecasts to be 2017:£2.1m, 2018:£10m, 2019:£20m.Cheers, tightfist

[dreamtwister] 02/10/2017 14:43

pot kettle black....consolidate.....further placings/dilution.....new year april 2018 further placings ! strong level of comfort for a world class leader in how to shaft investors !.......hells bells

[yump] 02/10/2017 14:02

"Strong level of comfort over 2018 revenues"

So WTF are they forecast to be then ? If you are comfortable about them, then its not inside information to say what they are going to be is it ?

[dreamtwister] 02/10/2017 13:31

difference of view on cyancylux,they could not deliver the volume it is in the public domain dyor,then came the board change and cyancylux became cyan adopting john cronin as ceo retaining eis payment then cyan focused on smart meters,why did they not pursue the smart lightning in china ? because the yellow perils are good at copying!cyan then went on the rampage with dilution & placings to adopt cyancannode and so retained eis payments,

Application has been made for the Consolidated Shares and the Fundraising Shares to be admitted to trading on AIM ("Admission") and Admission is expected to become effective at 8.00 a.m. on 3 October 2017 for the Consolidated Shares, 5,482,142 of the Subscription Shares and the EIS/VCT Placing Shares, and on 4 October 2017 for the General Placing Shares and 6,589,283 of the Subscription Shares. It is expected that April Admission will become effective and that dealings in the remaining 1,785,714 Subscription Shares will commence by 8.00 a.m. on 10 April 2018.

all the best, you will need it with this shady bunch !

[rochdale] 02/10/2017 12:09

Latest presentation from today - hxxp://cyanconnode.com/wp-content/uploads/2017/09/CyanConnode-Oct-2017-GM-Presentation-v1.pdf

[rochdale] 02/10/2017 12:06

Latest presentation here - hxxp://cyanconnode.com/wp-content/uploads/2017/09/CyanConnode-Oct-2017-GM-Presentation-v1.pdf

[shavian] 02/10/2017 10:55

Tightfist, we'll be grateful for a report back from the meeting.

[lwaxf13] 02/10/2017 10:37

Hear hear. Well put and agreed. There is no evidence here of any ability to grow this as a business. I suspect the big hitters who have overseen this pathetic shambles are itching to get their money back that they ploughed into this basket case.

[yump] 02/10/2017 09:45

imo this is all about building up the share price for an exit - its not about building a business - its about presentation - there is no history of building a business but there is a history of raising capital and exiting.

Personally I would be ashamed to be pocketing 300K+ annually with the amount of dilution that's happened here.

[tightfist] 02/10/2017 09:24

Yes dt, Cylux was/is their branding for the lighting solution; I have not heard it said before that they could not deliver on a Chinese order; the only relevant RNS I know of is a small pilot order in July 2014.Cyan have never been bust in the 12 years it's been on AIM; but, for sure, its needed to raise a helluva a lot of cash to survive and evolve its technology and market reach........I, for one, am heading into Cambridge this morning to the GM. I want to sense if the exponential increase in orders is likely to continue (or not).Cheers, tightfist

[dreamtwister] 29/9/2017 19:40

itt

omega trip, i believe cylux was the soft ware used for smart lightning by cyan they took good orders from china but could not deliver the volume,at that time less shares in issue and the share price a lot higher 2008/2009 i valued the company at a higher m/cap, then the dilution began "i can not believe ive been locked in this long" then with board changes jc joined the cyan team and the focus became smart meters from brazil/iran and then india,could history be repeated ?

i wish all investors a safe return on their investment,including rampers like multiblagger & bellend of whom on this thread has had a negative attitude to wards investors that are loosing a good percentage of their investment.

[dreamtwister] 29/9/2017 18:55

correct dave 200x 0.014= 28ps on the calculator and my first computer my. abbacuss 2x14=28ps

[davep4] 29/9/2017 17:38

I believe x 200 dreamtwister

[inthetin] 29/9/2017 16:18

Hi dt

Sorry, I should have asked when you answered my previous query but when did cylux become bankrupt?

Cheers

ITT