Cyanconnode Share Discussion Threads

[lwaxf13] 15/1/2018 09:46

Talk is cheap and cyan have that down to a fine art. Way way in over their skill sets here IMO. They have trousered enough. Time to move on, let someone who knows what they are doing have a go at delivering for shareholders before more damage is done.

[stav5001] 15/1/2018 02:43

Love the 12 year chart.

It brings a tear to my eyes, no need for clever words, welcome to a CYAN LTH's world.

Truly World Class.

Hard lessons on AIM.

[realist1950] 14/1/2018 19:27

I'm new to discussing CYAN, but not new to the company.

And the fact that I'm 'new' does not weaken any of my arguments or make them any easier for you to deny.

Read the original admission document and was on first names with Kenn Lamb (a good man).

Have not said much for many days. My urge to post this evening was piqued by a very relevant and good link posted above.

[dwall] 14/1/2018 19:23

Your starting to sound a bit desperate though.

[dwall] 14/1/2018 19:23

I could deny lots that you have written since you very recently started posting on Cyan and nothing else but have no wish to aide your cause, your doing it very well to date by yourself.

I believe you and several others already have open short positions in the market.

I wish you luck with that, i really do.

[realist1950] 14/1/2018 19:20

The company may announce a new contract tomorrow for all I know, the point I'm making is that, in that eventuality, from an INVESTMENT point of view, when the model is still so adrift, the company would still face considerable challenges before it is sustainable and capable of delivering meaningful value.

In other words, I'm saying that I think shareholders will be funding growth for some time to come.

With the uncertainties over the UK roll out and delays faced on one of their larger overseas projects, I don't think it's unreasonable to suggest further dilution and a short position to be rewarded.

Just my opinion. ADYOR.

[realist1950] 14/1/2018 19:12

You can not deny anything I've written dwall. It's an accurate, unemotional and frank appraisal.

Anyone with a long-term position at CYAN has been done.

Anyone with a short would have done exceedingly well.

Maybe you should look at management's renumeration package vs company performance vs recent company announcements. I think it leaves a lot to be desired.

We are all trying to look into the future and stating future risks through the lens of past performance is wholly sensible.

Rgds.

[dwall] 14/1/2018 19:09

“Could be a red hot short”

Lol

Amazing how some spend their time looking after others interests

[realist1950] 14/1/2018 18:59

An interesting and sober report, dreamtwister (good post) which only serves to illustrate just how problematic and prone to delays such a roll-out can be - even in more mature, stable and relatively established western markets.

It also points to the many twists and turns CYAN can expect in trying to implement this technology in the more unreliable and challenging developing markets they champion. As recently announced, there is already a delay on one of their flagship/large overseas contracts - not at all good when your cash-burn is running at such a high rate. The most 'recent' cash-call back in September does indeed seem like a distant memory. I can imagine half (at best) of that money is already burnt. Certainly a few million of it must have gone.

The management at CYAN have often pointed to the 25m in revenues expected from UK rollout as some kind of 'underpin' but as we can now see it's by no means a given. Even this project is facing delays and now behind schedule....and now the cost of the project is to be investigated by the governments spending watchdog.

Any announcement that the Government is changing tack, or dramatically reviewing it's roll-out targets and I think it will certainly impact CYAN's share price

An interesting note / observation here is that recently a colleague had the misfortune of having part of his business affected by a fire. The fire (on a business park) burnt through a room which housed the electricity meters of 4 businesses. Since then a new location for the meters has been found and the electricity companies have fitted new meters. Not one of them were the new smart type (and two energy companies were involved). Just an observation.

I think CYAN will win more 'business' but lets be realistic about the revenues achieved to date: contrasted with the rhetoric of the management the figures are just awful (more in line with a paid trial rather than the beginning of a meaningful roll out). The phrase of 'purchase orders received but not yet delivered' is becoming increasingly meaningless......payment is on delivery and many of the contracts are phased over many many years.

H1 losses were running at almost £5 million and it will not be long before the company is forced to issue it's fy results.

CYAN will fundraise yet again in my opinion - probably after a 'contract win' of sorts but don't be fooled. The company is a million miles from a proven business model, able to self fund without the need to return to the market time and time again. There will be spikes and uplifts along the way, but the downtrend is firmly established and with future cash-calls on the horizon don't be shocked to see these sub 10p again.

Could be a red-hot short if the UK project is re-thought in any way or if projects in foreign territories face delays, or if business is switched to GPRS options.

We will see what happens. AIMO. ADYOR.

[dreamtwister] 13/1/2018 13:14

the data control system has not gone live yet !

goverment report conclude in the summer !

[lwaxf13] 12/1/2018 11:21

... and still no one is sacked. Luckily Cyan is a not for profit business or people would be sacked ;-)

[mtw] 12/1/2018 10:14

Imagine what the bonuses would be if this wasn't at an all time low ;-)

[skinny] 11/1/2018 11:23

Ground effect!

[lwaxf13] 11/1/2018 11:13

0.085p bid in old money. Not far from a new all time low or is this an all time low? I bet those who recently chucked millions into this are kind of having WTF moments as they watch this pitiful performance :-)

[lwaxf13] 10/1/2018 23:47

Lol!!! Completely unrelated. Very funny.

[threadworm] 10/1/2018 23:34

A completely unrelated video:

[threadworm] 10/1/2018 23:31

...and the options of course. Mustn't forget those.

[threadworm] 10/1/2018 23:29

...that's his pay you'll understand. Payment in kind. For services rendered.

..it's illustrative of his confidence in, and commitment to the company.

..Very reassuring.

[threadworm] 10/1/2018 23:27

....And of course his payment in shares. mustn't forget those...

[threadworm] 10/1/2018 23:27

..No..let's recap...my errors...

..the salary is £12,000

..the bonus is £120,000

and the consultancy fee is £223,000..

yes, that's right...all correct and done.

[threadworm] 10/1/2018 23:26

Sorry my mistake....the consultancy fees are £22,300.

[threadworm] 10/1/2018 23:25

And the consultancy fees are £223,000.

[threadworm] 10/1/2018 23:24

Sorry, no my mistake, the bonus is £12,000....and the salary is also £12,000.

[threadworm] 10/1/2018 23:17

(The salary is £12,000.)