Cyanconnode Share Discussion Threads

[owenski] 18/2/2018 17:08

"CYAN has now been trying to sell goods for almost a decade. In doing so it has reinvented itself and subsequently sought to reinvent the reinvented. Yet have never achieved meaningful revenue. The 'storyline', for so many years has been that money is just around the corner: otherwise known as 'jam tomorrow'."

Well summed up.

I know of other AIM stocks exactly like this as well, SRT comes to mind.

[realist1950] 18/2/2018 17:05

In my opinion, the valuation here is still looking very hefty.........especially as any cash value within the business continues to haemorrhage, day to day, week to week.

At the end of the coming week, February will almost be gone and so, by my estimations, yet another £1M will have left the books.

That's a pretty extraordinary cash burn rate for a company simply trying to sell some smart meters, where I believe, much of the R&D spend is supposed to have been already been completed. If that ISN'T the case, and R&D spend is still genuinely high, the BOD should explain WHY that is.

They should also be clear on when a contract is a commercial contract and when, perhaps (?), a contract is a funded or unfunded trial...because I for one can not fathom how they are spending so much money (apart from the previously discussed salaries and bonuses, of course, which are not inconsiderable).

CYAN has now been trying to sell goods for almost a decade. In doing so it has reinvented itself and subsequently sought to reinvent the reinvented. Yet have never achieved meaningful revenue. The 'storyline', for so many years has been that money is just around the corner: otherwise known as 'jam tomorrow'.

Consequently, at the last count and as it stands, there simply remains 'no business' here....with the company STILL, after 10 or so years, wholly reliant on fundraisings and dilution to remain as a going concern.

Currently valued at c.£16.6 Million. That's for a company with negligible revenue and turning in a full year 2016 LOSS of nearly £8 Million....and perhaps an even greater, record loss for FY 2017 - results due shortly. H1 losses after all were seen to be running at a jaw dropping c. £5 Million.

Unless converted, the order book is meaningless.

Further 'contracts' may arrive, of course, but investors need to be very, very mindful of the detail and look beyond any headline figures. By CYAN's own admission, the model is to achieve revenues over a long period of time by incremental software licensing. Therefore, say, a £10 Million contract, spread over say, 10 years, is really not THAT 'useful' to a company which, in the near term, has considerable cash requirements/demands.

Therefore, even if that order book begins to be converted, I still think the company will need to raise more money.

My estimate is that you'll get wind of the next placing within two months, if not sooner. And I fully expect the company to dangle a carrot before doing so.

Everything written is without prejudice, as always, and in my opinion only. ADYOR.

[owenski] 18/2/2018 15:48

Are there any lamp posts in Bangladesh that need monitoring.

[lwaxf13] 16/2/2018 23:24

Here and the other board it looks like the team have been found out at last. A bit like when Theresa May was found out to be useless after her cack handed election last year. Not many now blowing smoke up the asses of the big hitters.

Roll on the monthly pay cheques and bonuses.

[realist1950] 16/2/2018 14:15

Duncan Bannatyne:

"Hi John, am Doncun. I think ye gonna have a loot of fon, but as Pe'er has told ye, there isn't a business here....and he knows this sector better than me anyway...so...i wont be investing and am ooot"

[orange1] 16/2/2018 10:23

Very funny realist! Can't wait for the next instalment with the new panelists.

Incidentally, Theo might have appreciated the dropped 'aitches.

[threadworm] 16/2/2018 09:46

LMAO, realist.

:O) :O)

[lwaxf13] 16/2/2018 09:35

The cyan big hitters would sail through Dragons Den with tales of how brilliantly brilliant they are and how much they are paid for being so brilliant. They must be brilliant. Right? Afterall what kind of company would pay those stupid amounts to big hitters who could not hit ( even hit a low bar) ? ;-)

[realist1950] 16/2/2018 08:17

Payment will evidence the ability to convert one initial order on the book into cash - ONLY.

Given that the other orders are for similarly new and emerging markets it would not necessarily follow that others are also converted.

One swallow doesn't make a summer.

I'm just being realistic.

We can't judge that the company will survive just because one delayed contract comes in after all.

[davep4] 15/2/2018 23:33

Payment will evidence the ability to convert the order book into cash and until then, it’s just an order book.

[davep4] 15/2/2018 20:47

In my opinion, if the delayed payment isn’t collected shortly then it’s game over. But if the payment is collected, then I would be optimistic about future prospects, as per post 2024.

[lwaxf13] 15/2/2018 14:27

Not much research to do here. A quick Google and look through the company announcements and results and it would seem this is just a world leading gravy train powered by hot air.

[realist1950] 15/2/2018 13:23

130K meters.

Small beer in itself.

Even IF they won it....any larger roll out (which any case, isn't mentioned) would be scaled over years.

Will not preclude another fundraising.

I would advise people to follow the trail of that 'delayed' contract from December. Don't let it vanish from sight to be replaced by more interesting or imminent developments.

CYAN have a track record of announcing things only for them to fall away on to the backburners.

ADYOR IMO etc etc

[lwaxf13] 15/2/2018 07:23

In that case maybe we have a 50% chance of winning that :-)

[dreamtwister] 14/2/2018 22:55

Bangladesh - Smart pre-payment meter
A tender has been issued for the procurement of 130,000 smart meters on a turnkey basis

You should be able to complete the following works:

- design
- manufacture
- supply
- installation
- testing and commissioning

Bangaldesh is 6 hours ahead of GMT.

Submit your proposal to the Department for International Trade team in Bangladesh

All submissions will be reviewed and you will be notified of any potential next steps. You can only submit a proposal if you are a UK registered company.

prepayment meters Do Not Require cyan tech !

[realist1950] 14/2/2018 10:21

Looks as though TonyJ has just bailed...at 13.475p.

[lwaxf13] 14/2/2018 10:06

Is it nearly time for another options reprice to reward the team? Imagine you bought call options on a stock and you called it completely wrong and the stock tanked. Now imagine these are magic options that adjust down because the stock tanked. These would be the equivalent of magic beans in the options world. What a wonderful world it would be with magic options for options buyers. Even more wonderful if those options were dished out free.

[realist1950] 13/2/2018 23:04

Plenty of people have been 'dumping' here recently, lucicavi.

I think they, at least, have their 'pipelines' in order.

Regards.

[lucicavi] 13/2/2018 22:41

can urinate and flatulate, but not achieve a substantial defecation yet

[realist1950] 13/2/2018 21:38

Here's a little tip for the newbs...

When you do a google search for a company...in this case cyanconnode....note the search results you get in the first two pages or so.

If nearly all of those results are, in some way or another, related to investment (ie tip sheets, investor talks, the lse, advfn chat boards, stock quotes, media ramps etc etc etc) you know you have something of a 'problem'.

The first result is obviously the companies website, but after that it's pretty much just a string of second rate links to investment articles and commentary.

This is not good.

Ideally you want to see search results describing a busy and dynamic company - it's projects, it's business, it's operations.....it's INVOLVEMENT within it's sector.

Stock quotes, bulletin board trash, LSE listing etc should come SECOND (every time, with any company).

The google results illustrate very accurately that this is, first and foremost, a LISTED COMPANY. The 'business' (the meat) is pretty much no where to be seen at all.

This tells you everything you need to know.

I have seldom come across a listed company that is doing great things and growing that has such a google search profile.

It's not a co-incidence.

Authentic businesses spread themselves across the net and appear on many third party sites, where they are commercially involved. The fact that they are listed is incidental.

That tip, newbs, is for free.

All without prejudice and imo only.

[lwaxf13] 13/2/2018 18:26

Consultancy fees for a lamppost subject matter expert with sellotape experience might come in at only a couple of hundred grand. Money that would be very well spent since the shareholder returns would be huge. Or not as the case might be ;-)