Cyanconnode Share Discussion Threads

[cancun tango] 21/5/2018 10:56

Ha, ha, ha, where is dwall? Doing his due diligence?

[realist1950] 21/5/2018 10:48

Dreadful results.

The loss outstrips even my worst expectation, as previously posted / anticipated:

realist1950 - 25 Apr 2018 - 08:33:29 - 2375 of 2419

Some around me here are saying the 2017 loss will be closer to 9 or 10 million.

We shall see.

I'll say somewhere around £8 Million.

And I predict a hefty loss has already been clocked up for Q1 2018.


and of course the need for further funding and pretty much been confirmed, as previously posted /anticipated:

realist195025 Apr '18 - 09:33 - 2377 of 2418 Edit
0 0 0
Nope.

But they will almost certainly place again - probably several times (in my opinion).

[mtw] 21/5/2018 10:38

Bring out those 5p ties... they will be needed now.

[mtw] 21/5/2018 10:26

They believe industry recognition highlights their strong footing... omfg

[fozdad] 21/5/2018 10:14

"During the period we were delighted to be named the fastest growing tech company in the Cambridge and East region of the Deloitte UK Technology Fast 50 2017 while being ranked in 22nd place in the UK and believe this industry recognition highlights the Company's strong footing as we focus on deploying the orders won during 2017."

For a company declaring a reduced turnover of just over a £million (reduced from the lofty heights of £1.82 million the previous year), and despite an alleged order book approaching the GNP of some small Central American countries, this has to be one of the most delusional quotes I have read....and I've read a lot!

In view of the financial facts reported, it is such a trivial matter and it just shows how desperate they are to deflect from yet another abject performance. But judging by the share performance today, it looks like more holders are seeing through the bs.

Why are they still concentrating on bragging about their world class team, their world leading technology, their multi-million pound order book, their meaningless awards?

Why don't they fess up that they are struggling to turn orders into deliveries, that they are YEARS away from being cash generative (if they ever make it), that significant expenditure on R&D will continue to be essential ad infinitum ....I couldn't help but notice that the R&D tax credit claim is larger than the turnover!!!!

A turnaround plan is required and it's needed now. But they won't produce a turnaround plan without first recognising that there are significant problems and they don't seem capable of recognising the problems because they are too busy slapping themselves on the back.

All imo of course

[emptyend] 21/5/2018 08:26

IMO the key one to note in that list is "strategic corporate investments". 2018 seems the optimum time in the cycle for such an investment, especially if there is an upfront capex need. Deeper pockets would be strategically-helpful in bridging the next couple of years?

[euclid5] 21/5/2018 07:35

"As a Board, we continue to closely monitor the cash resources available to the business in order to ensure adequate funding is in place to meet the requirements of the business. During 2017, we received £11.3m (before expenses) of equity funding. We continue to work on securing additional funding that will be required during 2018, especially as we start to deliver on orders which are expected to require upfront working capital investment.

This funding could include one or a mix of working capital facilities, strategic corporate investments, additional equity funding and licensing deals for our new Omni IoT platform.

[lwaxf13] 21/5/2018 07:21

Just had a look at the final results for 2017. Ooch!!! Another year of pathetic performance from the self proclaimed world leader with an eco system of partners :-) Let's see what the bonuses were and what they will flip flop to next when their never ending failures rolls on.

[lwaxf13] 21/5/2018 07:12

Another order. Yawn. Still don't believe one word from this shower. They have so many orders on Powetpoints but are cash poor. I hope they have enough cash to pay the team big bonuses for driving the share price down to all time lows. You have to get up early in the morning to be as good as the cyan team.

[lwaxf13] 18/5/2018 16:45

Phew another week and we are still world leading. What a great company to have ever clapped eyes on.

[lwaxf13] 16/5/2018 16:53

Oh sweet mercy. I have a look and it looks like the team are back on form. Down this crock goes again. My target for this is now 0p. Maybe with all the overseas visitors in Windsor this weekend for some blokes wedding we could set up a cyan stall and sell the message about omni something or other, ecosystem of partners, world leading and Cyan Made in the UK t-shirts.

[lwaxf13] 15/5/2018 17:05

Happy birthday to CB over on the other board. It seems we are the only two left cheer leading Cyan and its never ending successes. Keep up the great work at Cyan. Quality :-)

[lwaxf13] 14/5/2018 16:55

Hellooooo. Anyone???!

[lwaxf13] 11/5/2018 17:02

Phew, another week over and we are not bust yet. Steady as she goes. The team are doing a world class job. I hope we sell some stuff soon to people with real money. That would be novel for Cyan ;-)

[lwaxf13] 09/5/2018 21:51

Best thing since sliced bread. Was that advice? Some fella said that.

I am not licensed to give any investment advice. So DYOR etc etc without prejudice, Make hay while the sun shines etc

[realist1950] 09/5/2018 19:41

I will soon write up my dossier as to what one can expect to see in the FY Results RNS....

After 10+ years of watching CYAN, I should almost be able to write it myself.

Watch this space...for those who want it a few days early!

(Caveat: I jest....to any uptight legal types).

All without prejudice, as always and no advice intended...

[lwaxf13] 09/5/2018 16:40

The Iran deal. That is so funny. Like most things this company says, great looking deal on a PowerPoint. Makes you wonder what anyone does all day at cyan. Is there a full day's work there for anyone dealing with real cash paying customers?

[mtw] 09/5/2018 11:37

Donald must like the sandal wearers... Corbin will be chuffed.

[owenski] 09/5/2018 10:22

Iran installed a lamp post in the middle of the desert but it doesn't work due to no lecky, Cyan's business model is to fit some kind of world beating device to said lamp post to stop sandal wearers from stealing the lecky.

Only now they cant cause Donald's not happy.

[mtw] 09/5/2018 10:22

Its the deal in the active deals folder... the same folder that the TNEB deal is in.... the one marked "lodged" on the front.

[cancun tango] 09/5/2018 09:22

What Iran deal?

[realist1950] 09/5/2018 09:16

I would say Iran is a problem for the latter stages of the Iran deal.

Anyone hanging their coat on that contract must want......well.....for want for better words....a reality check.

All in my opinion as ever.

Meanwhile cash burns......and we're heading straight towards the 2017 FY results.