Cyanconnode Share Discussion Threads

[realist1950] 23/4/2018 21:44

February 2018!

[lwaxf13] 23/4/2018 21:11

So when did this CTO join? Recently? Maybe the world leading business savvy team have been stepping in as CTO in between delivering world leading status for the company ;-)

5p soon anyone ?

[mtw] 23/4/2018 18:48

Interesting that he says Cyan are competitive on the world stage... at least he avoids the Cronin favoured "world leader" label. He adds that Cyan has been able to win very large contracts too. Not bad for someone that's not world leader eh.

[realist1950] 23/4/2018 17:54

Just watched the interview with the 'new' CTO.

Thinks he's a Chief Scientific Officer first, before correcting himself. And then proceeds to look downwards for around 40% of the interview.

I'm not convinced.

He's rather like CYAN's last 'Trading Update'.......big on volume and padding but actually doesn't say a great deal.

Interesting how CYAN have 'suddenly' found a CTO.....when the position of CTO over previous years was barely mentioned.

A funny thing.

As ever, the above is just an expression of my opinion only and readers are urged to do their own research and reach their own conclusions.

Regards.

[owenski] 23/4/2018 17:47

Probably why the business model has failed then - no lamp posts - Doh.

[lwaxf13] 23/4/2018 17:06

Do they have lamp posts in Bangladesh?

[owenski] 23/4/2018 16:50

Surely they can find a lamp post in Bangladesh with 800 TV's and other freeby cables spliced into it that they can fit a world beating thingy to it and stop all that free leccy being sucked out. I mean, how hard can it be.

[lwaxf13] 23/4/2018 16:45

I don't understand the doom and gloom. Cyan is a world leading company with a world leading team. I have every confidence they will continue to do world leading stuff befitting their world leading salaries and bonuses. It takes special qualities to call it so wrong for so long. It cannot be easy failing so much. Hip, hip ...

[realist1950] 23/4/2018 12:45

Cancun Tango...

I have pulled back my predicted loss from definitely over £8M (as I posted several months ago) to £7 - 9 Million. This is because of the apparent slashed overheads from September to December.

Either way, it's not going to look pretty.

And yes, semantics aside, I agree, the business model is shot.

To have failed to turn in a profit after so so so many years indicates that the model has failed.

The reinvention of the business along the way, always has the effect of kicking the can along the road however, with jam tomorrow to come.

But the company, without the help from the market is essentially distressed, and has been for many years.

Without the constant placings, it would have been bust donkeys years ago.

All in my opinion as ever and without prejudice. ADYOR and reach your own conclusions.

[cancun tango] 23/4/2018 11:22

Realist have to disagree with you regarding the business model being 'in no way proven'. I think it most definitely has been proven - to not work. I also think your loss estimates are conservative.

[realist1950] 23/4/2018 09:58

The last rallying call would seem to have fallen upon deaf ears.

The share price is coming back from a half-hearted rise with the bid teetering at 11p. It will be back into the 10p's shortly imo.

I suppose the question, for the immediate future at least, is how many of those who bought into the last RNS are confident enough to let their holding fall into the red.....because that's exactly where we are today.

Further out, as I have said, the FY 2017 results are due and I personally reckon on a loss of some £7 - 9 million. I also maintain my personal view that another dilutive fundraising will occur before too long.

The business model here is in no way proven. If you take away the ongoing support of the market via fundraising, you have very little in the way of revenue (as has always been the case - 10 years plus - with CYAN).

The management, on one hand, claim that the cost base has been slashed here over recent months, yet in the same breath announce that R&D spend has increased.

Dear o dear.

How about reducing your cost base when your R&D spend was also lower. That way you would have conserved cash.

Still, I'm all ears and eyes as to how much the BOD were paid in 2017 (basic salary plus the bonuses etc etc). Please, reveal all.

All in my opinion as ever and without prejudice. ADYOR and reach your own conclusions.

[stav5001] 13/4/2018 19:06

Free pilots?

You mean that when we have a good month with our amazing world leading tech, (signing up multiple new pilot contracts as loss leaders, we could err... Go broke?

Iwax, do you honestly believe our world class dream team are that slow?

After years of experience. Surely thats not possible?

[lwaxf13] 13/4/2018 14:15

Let's not knock the world of free pilots. They helped us get to world leading status. If we can keep the pilots going and get punters to take part in never ending fund raising then Cyan can survive. Much along the lines of a charity.

[realist1950] 13/4/2018 11:29

Two things are set to happen here in the not too distant future (in my opinion)..

1) the release of the 2017 FY results (which are set to look horrific - in my opinion)

and

2) another placing.

H1 2018 results will also come along and, I believe, show the full scope of the continuing R&D spend.

Isn't so very interesting how, coinciding with a dose of 'reality' dished by the market, the cost base seems to have been magically slashed over recent months.....or so JC says.

An amazing coincidence.

Still I'm all eyes and ears as to what the board are currently paying themselves.

[realist1950] 13/4/2018 11:24

Don't forget....announcing to the market how much cash you're going to make once everyone signs up......the very same market that your customers have access to.

[mtw] 13/4/2018 10:30

It is clear that some believed every word of Cronins hype about how the supply industry could not do without Cyan. It is clear now that Cronin believed it too. Meanwhile larger and larger orders are been placed by those with the cash to have not believed it. Nothing here has changed from the days of that poster and his 5p(£10 now) ties when we were told about the amazing Cyan chip that would go into every smart meter. Nobody else could provide anything like this btw. Eventually Cronin was rumbled on that one and then announced this amazing end to end systems package that nobody else could provide. The Cyan 5p party (£10 now) gang fell for it forked out yet again and posted reams and reams of how Cyan was the next ARM as since Cyan couldn't actually sell any meters Cronin was going to licence everything. The problem has been all along that the world has kept turning without the special "get it only here chip" and competitors seem to be able to win meaningful company transforming contracts whilst Cronin gave away countless freebies to the penniless. Where to from here. Cronin has tried the lighting card already. Until Cronin realises and accepts that Cyan doesn't provide anything unique that is actually really needed ( I mean really really needed) then the world of free pilots will remain his domain. The gullible PIs need to start realising it now.

[realist1950] 11/4/2018 18:06

The team at cyan should pause to think about the ecosystem emerging in their shareholders wallets.....that's if the cobwebs are anything to go by.

[mtw] 11/4/2018 17:29

world leaders in eco system thinking no doubt

[someuwin] 10/4/2018 14:05

It all sounds good.

[davep4] 10/4/2018 12:51

I didn’t know Cyan was into ecology, ‘new eco-system partners added’.

[stav5001] 10/4/2018 12:19

I think it's about time they had a visit from the "ThoughtPolice" for the thoughtless waste of LT holders millions over the years.

[lwaxf13] 10/4/2018 10:21

At last the recognition cyan deserves. No longer just world leading but also ... Drum roll please ... Thought leaders as well. I want a job as a thought leader. Couple of hundred grand a year, to hell with the share price, magic price adjusting options. Nice.

Roll on the share price getting anywhere back to where it was years ago when the "thought leaders" joined.

I am not buying any of that RNS for one moment. I fully expect the team to not deliver.

[realist1950] 10/4/2018 09:08

I just about got to the bottom of that RNS before falling asleep.

I haven't looked at the other thread but can only imagine Tony is a foaming, poleaxed, bliss-filled wreck this morning. I'm sure JC has pushed all of his buttons.

But really what is the reality here? H1 Revenues expected to be the same as 2017 FY figures (nothing to write home about!). Order execution / payment remains uncertain. And despite the cut in the cost base, cash demands remain high and in my opinion a big fat placing is still on the cards.

By the way, is it not worth questioning HOW they've managed to magically cut that cost base and could they have not done that before.

Expect a huge FY2017 Loss to be announced soon. My estimation is at least £8Million.

And expect R&D spend in H1 2018 to be hefty also.

All in my opinion.ADYOR.

(oh and you've a new slogan to add to the list: SATs!). Dear o dear.

[cpap man] 10/4/2018 08:20

John Cronin, CyanConnode Executive Chairman, commented: "Solid progress was made on multiple fronts in the first quarter of 2018. We continue to maintain management team focus on the delivery of the current order book, including the delayed contract highlighted above. In addition to the successful SATs described above I'm particularly pleased by the progress made by Anil Daulani in the India market over the last six months. We continue to be viewed as thought leaders in the smart metering communication industry as a result of the multiple contracts we have won and deployed. The commercial pipeline in India looks very good and we expect to secure additional orders from this pipeline in the near term. All of the above factors give us a good indication of being able to meet market expectation for the year."