Cyanconnode Share Discussion Threads

[tightfist] 18/1/2021 15:02

Regarding Grapefruit's post: Don't get me wrong, IMO I like Cyan a lot but there is an important caveat from 15th December RNS ref MPWZ: ".....The smart meters, which are being supplied by existing partners, will be deployed over thirty months....."..But help may be at hand......Encouragingly it was only three months from MPWZ finally being announced to shipments commencing.... We will need to see more big orders being landed within the next few months with IMO progressive shipments to help ease our way through a potential Working Capital bottleneck? Or will we be able to take-on some modest affordable interim debt?

[nilli] 17/1/2021 14:15

Sounds very promising!

[multibagger] 17/1/2021 13:41

Courtesy of and thanks to Grapefruit for his/her post on the LSE thread, today at 13:21 hrs "...79k units in Dec is really encouraging. If that was maintained for 12 months (and the orders are there so why not? ) that would be 948k x approx £13 = £12m pa and that’s before the “increased demand for deliveries” that JC referred to. It’s starting to look like a sound investment after all !".... As per the Trading Update dated 14 Jan 2021, we have a backlog of 721,631 modules awaiting delivery so enough to keep us busy for the next 9 months or so for starters ! Hopefully, we will get more contract news in the next few months....

[sabre6] 15/1/2021 12:04

A good set of results and according to JC more to come looking more likely that we have broke even if not maybe making a small profit. JC did say small orders first leading to much larger orders and that is what seems to be happening

[multibagger] 14/1/2021 07:41

Hi gleach23, No idea to be honest...speculation on my part - but could be someone having to sell and settle with HMRC by the end of the month, when self assessment taxes are due to be paid (as things stand, though there was some mention/hope that HMRC may allow a period of grace)? Edit: However, this morning so far we have moved up +0.45p on about 100k total volume....so liquidity is very tight it would appear, as this share price.

[multibagger] 14/1/2021 07:37

Our cash position remains unchanged between Sep and Dec 2020 at £1.0m.....so it looks like we have broken even for that period.....and £400k received so far this month and it is only the 14th, appears to indicate that we may be making more progress ! Let's see if the market twigs this....:) Good luck all !

[multibagger] 14/1/2021 07:16

Excerpts from a positive and strong Trading Update announced today....demonstrating progress being made. The format of the RNS does not lend itself to an easy "cut & paste" job for the BB record. hTTps://www.rns-pdf.londonstockexchange.com/rns/6277L_1-2021-1-13.pdf * Delighted to see a further £1.9m revenue added in 3 months between end Sep 2020 and end Dec 2020...if this trend continues we could be seeing about £5.3m revenue range for 2020/21. * Sharp increase in module shipments - An additional 167k modules shipped between end Sep and end Dec 20. * Cash steady at £1.0m at end Dec 2020, with an additional £400k received so far this month. CyanConnode Holdings plc (“CyanConnode” or the “Company”) Trading Update for the nine months ended 31 December 2020 14 January 2021 CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to provide a trading update for the nine-month period ended 31 December 2020. Highlights • Revenues of £3.4m for the nine-month period ended December 2020 (£1.5m for the six- month period ended September 2020) • Period end net cash of £1.0m (September 2020: £1.0m) • Approximately £2.9m cash received from customers for the nine-month period ended December 2020 and a further £0.4m received to date during January 2021 • 259k modules shipped to customers during the nine-month period ended December 2020 (92k shipped during the six-month period ended September 2020)

[fred splange] 13/1/2021 18:30

Think that trade shows that despite, or perhaps because of, his 30 years experience in the city, jcep talks utter tosh.

[gleach23] 13/1/2021 17:41

Large trade reported after the bell today from yesterday - 536k shares @ 6.489p. Not sure what to make of it or how it relates to your comments in post 1428 MB. Would have expected some liquidity if it was a sell?

[sabre6] 13/1/2021 14:58

Fred Peanuts are a highly valued commodity after all how would you feel if you had no nuts?

[fred splange] 13/1/2021 10:46

You might be right, but maybe ask lobbenberg (also known as the grand mug punters) who had over 15% of the company once. Now worth peanuts.

[multibagger] 13/1/2021 07:31

Good morning all :) From his/her previous posts it appears that JCEP works/has worked in the City for about 30 years..... Post by JCEP on the other thread: Tue 21:18 re CYAN "...Yes CB. I had been trying to buy in the afternoon but because the broker doesn’t have the seller to match my buy they won’t take the risk to buy on their own account ie on risk. That means there are buyers only. That is very often a sign to the upside. In the morning there were sellers only hence the fall. But in the afternoon that reversed. So rather than the price rising in the afternoon it stagnated due to no liquidity...." Make of it what you will, but seems to tie in with my own observation of share price moves on small trade sizes....liquidity seems to be pretty tight. Maybe S Chari is hoovering up even more ? Taking over 5% equity in a public listed company is a very bold move...possibly over £1m invested here ? Let's hope that we get some solid commercial news in the not too distant future which will exacerbate the "stock liquidity/availability issue" and probably result in a sharp upward share price spike ! Good luck all !

[beeezzz] 12/1/2021 21:40

Should hear how sales went in December soon, they said they were looking encouraging, from interview...Many shares slipping over last couple of days, strange times. May get some more if share price drops further..

[cancun tango] 12/1/2021 17:48

This is cyan, only mug punters need apply. What's Powell's losses looking like?

[emptyend] 12/1/2021 16:44

"Mug punters" do not buy 5% stakes. Period.

[fred splange] 12/1/2021 16:34

Yep, so close to break even that they're having to pay themselves in shares and then pretend it's a director purchase. Things don't smell as they should here, beware.

[tightfist] 12/1/2021 16:08

I agree, we must be within a few months of break even. .Sorry to be a bore, but cashflow for Working Capital provision (think dramatic expansion) is far more in focus right now. What WC cycle time do they have for business undertaken on an LoC basis?

[major courtenay] 12/1/2021 13:41

Well, we knew it would be bumpy. That looks like a fair few of the traders and surfers gone, but I wouldn’t be surprised if there’s another leg down without news.

[sabre6] 12/1/2021 13:36

I disagree I think we are close to break even

[cancun tango] 12/1/2021 12:38

Looks more like the end. Nothing fundamentally changed here, price was only pushed up by mug punter Chari.

[sabre6] 07/1/2021 18:17

This is just the beginning long may it last

[beeezzz] 07/1/2021 17:46

Well I'm hoping for a continual good news flow this year...fingers crossed. SP holding well after rise.

[fred splange] 07/1/2021 17:20

Just another like Peter Lobbenberg or Mark Weekly, clueless clowns who got burned alive here (read the rns's). This has definitely peeked.

[tightfist] 07/1/2021 11:27

Any more clues on who "S Chari" is and what they may know?......

[major courtenay] 06/1/2021 12:26

Beeezzz, at this rate the opportunity to pick up a few more may arise shortly...