Cyanconnode Share Discussion Threads

[dwall] 12/12/2017 10:06

Options RNS clarification.

I was particularly frustrated as many were at the original RNS from a couple of weeks ago as i felt it gave the wrong impression to the market.

However after receiving the below explanation from the BOD after i raised the query directi do feel somewhat more relaxed about it.

The wordings of the RNS,s yesterday and today also seem to be much better prepared, lets hope it continues.

"In answer to your question repricing of Share Option, please see below

The re-pricing of share options was for the whole company and it so happened as Directors have options they were part of the same pool to be repriced. Key reasons around re-pricing for all employees is that we had some employees who had been with the company since not long after IPO, with options close to £2, but all new employees are joining and benefitting from price that is significantly lower. Wanted to ensure that loyal long term employees were brought onto the same footing as new employees rather than being penalised.

Cheers John"

[emptyend] 12/12/2017 07:33

Harry clearly euphoric at Man City win on Sunday....;-)The reason for the RNS is now clear - it will have been advised as a cleansing announcement prior to director buys ....hence the relatively high purchase prices.

[aishah] 12/12/2017 07:26

Added an initial tranche yesterday. Been on watchlist since Techinvest covered them as a new buy in August.

[owenski] 12/12/2017 07:23

Well done to the finance director for putting his hand in his pocket and buying £5k's worth......... He knows the score. lol

[pugugly] 12/12/2017 07:21

SP Not the real problem - Conversion of order book into hard sales and receipt of cash will be the key - If successful share price may live up to your avatar MB !!

[multibagger] 12/12/2017 07:21

That's really heartening to see the Directors and PMDRs agreeing to an exercise price at double the purchase price.

They have all been rattled by the sentiment and strong views expressed on this and other boards I would imagine. Lessons learned hopefully !

Well done Harry, David, Paul and Heather for further investing in CYAN and demonstrating commitment and confidence.

Let's hope that this helps the share price on the way :)

Good luck all !

[owenski] 12/12/2017 07:20

And the most important purchase - The finance director - 5k - Big commitment.

[multibagger] 12/12/2017 07:19

That's really heartening to see the Directors and PMDRs agreeing to an exercise price at double the purchase price.

They have all been rattled by the sentiment and strong views expressed on this and other boards I would imagine. Lessons learned hopefully !

Well done Harry, David, Paul and Heather for further investing in CYAN and demonstrating commitment and confidence.

Let's hope that this helps the share price on the way :)

Good luck all !

[enter] 11/12/2017 23:10

I don't usually bother posting and apologies if this has already been covered but it seems that some people don't understand what is going on here. The statement put out by Cyanconnode was clearly about the fact that the share price has halved in the last 3 months. The news stories saying the company can't understand the share price rise today are nonsense. Just look at the timing of the RNS and the timing of the share price rise.

[emptyend] 11/12/2017 16:34

....don't think you've quite followed the sequence of events today, old boy.......;-)

[the bull] 11/12/2017 16:01

sure its been said but when the share price is tanking they don't make statements about why its tanking yet when up a measly 15% they do. maybe they want it lower

[yump] 11/12/2017 15:56

"BOD baffled by dealing with India" might be more appropriate, as will most companies be who try to take advantage of the immense opportunities to sell to the ROW, as presented by Brexit. Or not.

[owenski] 11/12/2017 13:22

Bellend posting drivel, clearly another deluded holder.

[multibagger] 11/12/2017 13:07

Many thanks Emptyend and maybe we don't have too long to wait for some sunshine in the form of an upward trending share price.

[emptyend] 11/12/2017 13:02

multibagger,The relevant passage is here (see previous link):These Awards have been made on terms that will entitle the holders to the value of such Ordinary Share above a price calculated as the weighted average exercise price of the unapproved options being replaced. The remaining 2,736,571 Awards are new awards, and entitle the holders to the value of such Ordinary Shares above a price of 33.30 pence per Ordinary Share, which is a premium of 24.5 per cent on the mid-market closing share price of 26.75p on 23 October 2017.I just read this as a "clean up" of the options positions - and a very strong incentive to get the shares above 33.3p....without which the whole option package is worth precisely zip!I suspect we may be in the closing weeks of "fun" for those trying to punt this from the short side....rgdsee

[shavian] 11/12/2017 12:54

Sound more like the BoD is thoroughly rattled. This type of RNS is more normally issued as a result of an unexplained RISE in the share price. I would think that even DJP is a bit worried.

[yump] 11/12/2017 12:49

I always laugh in a cynical way when I see that directors have 'skin in the game'.

Skin in the game is mortgaging your house, while having no earnings.

If anyone believes that directors earning £200,000 and buying a few shares now and again is a reason to invest, then they can't complain about losing their shirts.

Then there's also the possibility that directors are deluded by their own egos as well. You only have to interview a few of them to find that out. The Apprentice interviews, when they really drill into the candidates and find nothing much at all was actually achieved by them, is not a rare occurrence in the real world of recruitment.

[multibagger] 11/12/2017 12:49

Though I am peeved about the lowering of share price options which I believe may have contributed to the share price nosediving, the RNS could reassure nervous investors/traders. It appears that they wanted some customer deliveries to be completed so that they can recognise the revenue in the trading statement.

Good luck all :)

[multibagger] 11/12/2017 12:46

Points well made Emptyend :)

Though I am peeved about the lowering of share price options which I believe may have contributed to the share price nosediving, the RNS could reassure nervous investors/traders. It appears that they wanted some customer deliveries to be completed so that they can recognise the revenue in the trading statement.

Good luck all :)

[multibagger] 11/12/2017 12:43

11/12/2017 12:35pm
UK Regulatory (RNS & others)

11 December 2017

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Response to Share Price Movement

The Directors of CyanConnode note the recent movement in the Company's share price and comment that they are not aware of any corporate developments that justify such a movement. The Company continues to focus on the execution of its order book of $100 million, together with winning new commercial contracts for its products in both existing and new territories. The Company will provide a trading update for the full year once the customer deliveries expected in December are complete.