Cyanconnode Share Discussion Threads

[inthetin] 30/5/2018 11:35

They won't.

[realist1950] 30/5/2018 11:23

Think what the bonuses will be like if they actually sell anything in volume.

!

[realist1950] 30/5/2018 09:26

I'm just reading the annual report, John.

Interesting renumeration package this year.

[realist1950] 30/5/2018 09:21

So cynical.

Announce apparently significant order on the same day as atrocious results. Focus blame of atrocious results on delayed order (even if said atrocious results are perfectly in line with past performance....EDIT....WORSE than past performance).

Allow dust to settle.

Drip feed minor order news to give impression of business.

That is my cynical view only.....and how I personally interpret it.

Others will come to their own conclusion.

Caveat emptor....I have been watching cyan since flotation.

[realist1950] 30/5/2018 09:15

Indeed. I agree with all of the above.

[mtw] 30/5/2018 08:22

Its another freebie pilot that some will fall for...

[owenski] 30/5/2018 08:18

Even the MM's haven't marked this up at the open, kinda sends a message.

[owenski] 30/5/2018 08:14

I wouldn't buy into this dross on the basis of that announcement, unit numbers fanfare for the suckers to buy into, however no mention of financial worth.

They'll be raising yet more funds before long.

[cancun tango] 30/5/2018 08:12

Spot on mtw.

[mtw] 30/5/2018 08:02

A little sweetener announced before the sting...

[realist1950] 29/5/2018 22:34

PULL YOUR HEAD OUT OF YOUR BACKSIDE AND SMELL THE COFFEE INSTEAD.






tonyj
Posts: 2,105
Observation
Opinion: No Opinion
Price: 10.50
RE;DIRECTORS' REMUNERATIONSun 19:05Well this has been a hard uphill battle. Directors' costs are perhaps too high for the current returns. It is not necessarily their fault but never the less facts are facts. In this case lack of facts. The AGM is coming up and perhaps it should be put that the BOD's salaries are halved until £1 is reached. A reversal of the bonus system. They are as intent on the success of the company as we are and would likely concede to the request..

[realist1950] 29/5/2018 22:21

Financial Highlights
• Revenue of £1.17m (2016: £1.82m) with the decrease directly as a result of the delay in deployment of a large customer contract noti ed to the Company just before the period end
• Operating loss of £11.15m (2016: £7.94m)

[realist1950] 29/5/2018 22:15

...."while £87,500 related to additional time worked during 2013-2014, over and above the hours paid out under his service and consultancy contracts."

[realist1950] 29/5/2018 22:12

Quite extraordinary:

"Of the £140,000 bonus paid to John Cronin in 2017, £70,000 related to bonus for the second half of 2016. The bonus element of John Cronin’s remuneration package reduced to £20k for the second half of 2017 (annual equivalent £40,000). His total remuneration package reduced from £375,000 to £340,000 during 2017."

"Note 1 – John Cronin: £407,500 of the £495,000 fees paid to John Cronin during 2017 related to services provided during 2017, while £87,500 related to additional time worked during 2013-2014, over and above the hours paid out under his service and consultancy contracts. Success criteria based on securing customer contracts and equity funding were agreed by the Remuneration Committee at that time. These criteria were met during 2015 and £100,000 relating to the additional fees earned was paid out during 2015. Mr Cronin chose not to receive the remaining £87,500 of these additional fees in 2015, however it was agreed that these would be paid during 2017."

"Of the £495,000 fees paid to John Cronin during 2017, £251,934 was paid in shares and £243,066 was paid in cash."

[realist1950] 29/5/2018 21:45

J*sus wept.

I've just taken a quick look.

[realist1950] 29/5/2018 20:48

That's his prerogative, davep4.

I have not yet looked at the Annual Report and in particular the renumeration section for 2017, but I will....perhaps this evening or tomorrow.

[davep4] 29/5/2018 18:57

2,464 posts mostly relating to Cyan, you must have an obsession with this company Iwax13!

[lwaxf13] 28/5/2018 10:32

£500K for what?!! Seriously. How the firk this is justified beats me. This lot would give the Carillion board a run for their money. So many public companies are run as gravy trains by people in way over their heads.

[inthetin] 28/5/2018 09:45

The full Annual Report, including Directors' Remuneration Report:-

hxxp://cyanconnode.com/wp-content/uploads/2018/05/CyanConnode-Holdings-Annual-Report-2017_web.pdf

And, if £500K etc isn't enough:-

'Executive directors are entitled to accept appointments outside the Company providing that the Chairman’s permission is sought.'

[lwaxf13] 27/5/2018 19:38

And that fella over on the other board thinks the directors will concede to a pay cut and bonus reversal. Why would the world leading team volunteer to trouser less cash? I am surprised the options have not been reduced yet. Here is how big they think at cyan - for years they set themselves low bar options that should have been easily hit. They missed, repeatedly. What to do? Adjust the options lower for the team to make it easier. IMO if we had had a tier 1 team they would have upwards of a target price of £10 ( old money 5p ) on this. Our team had options of around 0.4p and other pathetic values.

[lwaxf13] 27/5/2018 14:04

If the remuneration reported over on the other board is true it confirms for me anyway my suspicions that this is a lifestyle gravy train. Would anyone here hire these guys if you wanted top drawer people? One of them clearly isn't paid enough as he had trouble catching a train years ago to a dog and pony show. Let's hope he is not sent to any critical business meetings.

[lwaxf13] 25/5/2018 20:00

Paying attention sir :-)

5+ years and how many millions for this shower to continue their run of failure? They should have been handed P45s years ago.

[sabre6] 25/5/2018 18:48

Iwax
I know how much you love this share so this is my take on it.This time next year we will be cash generative and at or possibly above break even.
Following on about six months we will be in profit opening the way for a sale.
Now pay attention to the above.
Regards