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CYAN Cyanconnode Holdings Plc

9.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cyanconnode Holdings Plc LSE:CYAN London Ordinary Share GB00BF93WP34 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.00 8.80 9.20 9.00 9.00 9.00 361,035 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 11.73M -2.41M -0.0074 -12.16 29.13M
Cyanconnode Holdings Plc is listed in the Electronic Components sector of the London Stock Exchange with ticker CYAN. The last closing price for Cyanconnode was 9p. Over the last year, Cyanconnode shares have traded in a share price range of 7.20p to 19.25p.

Cyanconnode currently has 323,664,064 shares in issue. The market capitalisation of Cyanconnode is £29.13 million. Cyanconnode has a price to earnings ratio (PE ratio) of -12.16.

Cyanconnode Share Discussion Threads

Showing 22476 to 22499 of 31900 messages
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DateSubjectAuthorDiscuss
15/12/2017
07:15
realist1950

Yes that is one way, indeed it seems your way, of reading between the lines which is valid.

There is another way of reading the actual lines from an RNS delivered by the BOD only 2 days ago of course :-


''John Cronin commented: "The CyanConnode order book has grown very significantly this year to $100 million through new contract wins in multiple territories. With several of these contracts now in, or about to enter, the delivery phase, we are in the strongest position in the Company's history. I am pleased to further invest again to add to the substantial share purchases I have made since my appointment."

Simon Smith commented: "Having completed a £8.6M fund raise only three months ago and with customer payments on existing contracts now starting to flow, I was surprised to see the share price fall last week. I decided to again demonstrate my support to the Company, and our commitment to deliver a strong result for all shareholders, by purchasing more CyanConnode shares in the market."


So we have :-

John Cronin from 2 days ago - "With several of these contracts now in, or about to enter, the delivery phase, we are in the strongest position in the Company's history


Simon Smith from 2 days ago - "Having completed a £8.6M fund raise only three months ago and with customer payments on existing contracts now starting to flow"


Which is another way and is by reading what the actual BOD have said. We will of course have to wait for a TU to see the proof of the pudding.


All in the BOD,s opinion! (from the recent RNS, from what they have told us etc)


GL

dwall
14/12/2017
22:02
Reading between the lines and in my opinion only, here is the risk to near-term speculators and punters:

As noted above, as the interims show such poor financial performance and such a hefty loss, should H2 (soon to finish) show in any way similarly weak TRADING (that is monies received, banked) CYAN will be producing their worst set of FY results to date.

Yes there has been 'progress' in the year just about to end, but the numerous 'orders' are only monetised when actually delivered. They are, to quote JC himself: "purchase orders received BUT NOT YET DELIVERED".

Further, many of the 'orders' that make up the much lauded $100M are for numerous roll outs over several YEARS. Further to that, on average, c.50% of the total revenue is from software licensing for the LIFETIME of the contract i.e. deliverable (and thus payable to CYAN) long after the initial deployment on hardware, which in itself I would imagine will take a couple of years to implement. So whilst the order book looks good, remember that the value will not be fully realised until the lifetime of the contract is complete (and that could be many years from now). Also recognise that some of those 'purchase orders' may (or may not) fall through. Nothing is guaranteed.....particularly in the tech space, where things chop and change frequently.

I think this is why the BOD talk of improving shareholder value only in the longer term ie, quote Harry Berry: "over the coming years".

Has there been slippage on the delivery (and thus payment) phase of the recent orders of the past 16 - 18 months? I don't know the answer to that but as CYAN are, by their own words, waiting right until the end of the financial year before providing any trading update, it's my personal view that H2 figures are again weak and they are waiting for every last £ to come in before saying anything else.

I may be wrong on that, but a realist would pause to consider it.

This is the near-term risk of speculation here imo. If not much has been delivered in H2, the FY results are going to look rather poor.....and of course that recent cash raise will be eaten away.

All imo. DYOR etc.

realist1950
14/12/2017
15:56
Its going back down again
estienne
14/12/2017
08:24
Err I am not disputing the fact that people buy and expect to sell for more. Expectation and what actually happens are often very different and the insiders have called their share buys very wrong for years but not to worry they have the benefit of free repriced options unlike Joe Public investor.
lwaxf13
14/12/2017
08:09
23p is 23p.I buy for 23p and I expect to sell them for more than 23p. So obviously do the directors (and anybody else who has bought in the last few days).
anthony16731
14/12/2017
08:00
That 23p is .115p in old money. A pathetic fraction of the share price the day the big hitter team arrived. The team have been buying shares for years and the price just collapses then they reprice their options which only bails them out IMO. Shameful but no shame at Cyan.
lwaxf13
14/12/2017
07:45
To be fair. It's more than Director talk, it's Directors buying shares at 23p.There is only one reason anybody buys shares and that is because they think they will profit from it.
anthony16731
14/12/2017
00:06
As per my namesake.......amid the recent bluster....one should be mindful of the following:

Interims (recently announced on 15th September)...

Revenue (cash is sanity, after all) of just £573,143 (less than a corner shop) and down from H1 2016 @ £1,029,526.

Interim LOSS of -£4,785,258. (almost five million sterling).

A reflex jump in response to the comment from the BOD, but I now expect the drifting trend to be resumed until next year's trading update.

Cyan is a company in which you need to lock in profits, at least until it becomes a sustainable business, and it is definitely not that yet. All imo as the saying goes.

realist1950
13/12/2017
22:37
I wonder will they adjust their bonus structure so no one feels they are losing out just because they underperform. We can't have anyone not getting a bonus especially if they are loyal. Options and bonuses should he based upon results not some nonsense like loyalty. If options were awarded based on results then the big hitters team at cyan would be at the back of the queue. My dog is loyal but he adds no material value. If he becomes an expensive liability his loyalty will count for nothing and he will be gotten rid of for the greater good of the household :-)

No dogs were harmed in writing this post but you get the analogy :-)

lwaxf13
13/12/2017
13:07
Hi John, Yes all the same, be great to catch up.

Best regards Danny

stupidboypike
13/12/2017
11:56
Hi Danny - really good to hear from you. Have you still got the same email/mobile number? John
johnwall
13/12/2017
08:31
Hi John,

Nice to see you still here, hope you are well. I have a modest position in Cyan and think over the next 3 to 4 years it could do very well. Time will tell!!

Best regards

Danny

stupidboypike
13/12/2017
08:11
multibagger,I wish that CYAN were more explicit in their rationale for the re-pricing of options, rather than the bland and insensitive RNS that was put out. This led to investors and the wider market casting aspersions and the possible poor state of business/contracts falling through, lack of confidence etc in the business. I hope that they have learned the lesson about the importance of good communication not only internally within the Company, but also with the investing public and the stock market.I think many companies slavishly allow a young and inexperienced NOMAD rep to draft a RNS - he/she may not have the knowledge or ability to foresee the financial consequences of their actions. Often these graduates with no previous experience in the market are just learning the ropes themselves. There is no substitute for experience in such sensitive matters.I don't think one should blame the NOMAD. Repricings are never welcomed and are always contentious. In addition, the reasons for it are usually all about aligning people, because option strike prices often differ for totally random and uncontrollable reasons, connected to close periods etc
emptyend
13/12/2017
07:26
More Director buys announced this morning -



JC: "With several of these contracts now in, or about to enter, the delivery phase, we are in the strongest position in the Company's history."

SS: "Having completed a GBP8.6M fund raise only three months ago and with customer payments on existing contracts now starting to flow, I was surprised to see the share price fall last week."

johnwall
13/12/2017
07:25
More Director buys announced this morning -



JC: "With several of these contracts now in, or about to enter, the delivery phase, we are in the strongest position in the Company's history."

SS: "Having completed a GBP8.6M fund raise only three months ago and with customer payments on existing contracts now starting to flow, I was surprised to see the share price fall last week."

johnwall
13/12/2017
06:50
Good morning Pugugly and all :)

I agree that keeping staff motivated especially in the circumstances that Dwall has put forward (email from JC it appears) can be a huge challenge. In a former capacity I was an Executive Board Member of an organisation with several thousand employees.

I wish that CYAN were more explicit in their rationale for the re-pricing of options, rather than the bland and insensitive RNS that was put out. This led to investors and the wider market casting aspersions and the possible poor state of business/contracts falling through, lack of confidence etc in the business. I hope that they have learned the lesson about the importance of good communication not only internally within the Company, but also with the investing public and the stock market.

I think many companies slavishly allow a young and inexperienced NOMAD rep to draft a RNS - he/she may not have the knowledge or ability to foresee the financial consequences of their actions. Often these graduates with no previous experience in the market are just learning the ropes themselves. There is no substitute for experience in such sensitive matters.

Let's hope we can consolidate and move forward...a lot would depend on the Trading Update and the crucial issue of revenue/numbers.

That is key to rebuild confidence in the minds of investors.

Good luck all :)

PS: Pugugly - I have lived up to my avatar a few times over the last 25 years ;)
and let's hope that this is another investment success story ;)

multibagger
13/12/2017
06:48
Courtesy of post by dwall on 12.12.2016 @ 1006 on the other thread...adds the context of the RNS re-pricing...


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"

multibagger
13/12/2017
06:45
Good morning Emptyend and all :)

I agree that keeping staff motivated especially in the circumstances that Dwall has put forward (email from JC it appears) can be a huge challenge. In a former capacity I was an Executive Board Member of an organisation with several thousand employees.

I wish that CYAN were more explicit in their rationale for the re-pricing of options, rather than the bland and insensitive RNS that was put out. This led to investors and the wider market casting aspersions and the possible poor state of business/contracts falling through, lack of confidence etc in the business. I hope that they have learned the lesson about the importance of good communication not only internally within the Company, but also with the investing public and the stock market.

I think many companies slavishly allow a young and inexperienced NOMAD rep to draft a RNS - he/she may not have the knowledge or ability to foresee the financial consequences of their actions. Often these graduates with no previous experience in the market are just learning the ropes themselves. There is no substitute for experience in such sensitive matters.

Let's hope we can consolidate and move forward...a lot would depend on the Trading Update and the crucial issue of revenue/numbers.

That is key to rebuild confidence in the minds of investors.

Good luck all :)

multibagger
13/12/2017
00:14
Guff. Options are worthless unless they get the share price up.......by 100% in latest case...On the repricing, it is difficult to manage/motivate groups of people when some of them are (arbitrarily) paid much less than others......especially when those who are being paid much less are also the longest serving and have proven loyal.
emptyend
12/12/2017
15:32
Options here are merely wage bonuses funded by shareholders.

If they were making profits to return to shareholders then one can stomach that, but they are not, the bill is footed by the numpty shareholder.

owenski
12/12/2017
13:58
I am of the opinion that options should not be repriced. They should be adjusted for share splits and consolidation but not repriced. If I was working at a company and I had been granted options with a strike price of say 80p but I know if the share plummets (like it has done so spectacularly at Cyan) that my options will be repriced down where is the incentive? It's a gravy train. The team of big hitters have failed to get the share price above their previous pathetically low priced options so they reprice them. Nice work if you can get it, rewarded with options so far below the share price on the day you arrived. Shameful but no embarrassment at cyan. The world leading gravy train rolls on.
lwaxf13
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"

dwall
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.
emptyend
12/12/2017
07:26
Added an initial tranche yesterday. Been on watchlist since Techinvest covered them as a new buy in August.
aishah
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