Cyanconnode Share Discussion Threads

[derek ten bag] 12/6/2025 11:10:55

Thoughts and deepest sympathies for all those involved in today's awful plane crash in India. Just hope none of our personnel were on board. Certainly puts things in perspective.

[derek ten bag] 10/6/2025 17:09:14

Since they said that they were going to improve investor relations, IR has actually got worse (if that is possible), Very, very disappointed in JC and HP, both of whom I expected much more of. I for one would like to to know more about Digismart Networks and, now, Greenmeter Goa. As part owners of the company it is not unreasonable for us to expect to be kept better informed than this. I'm tired of relying on LTI and Gizmo to ferret out little nuggets of information from cyberspace. I would also like to know how our relationship with Genus, for example, is going. I would also like to hear from someone other than JC. Bjorn, Lyndon and, of course, Heather, who I always find to be an excellent and articulate communicator. Come on, JC, you are always reminding us that you are a shareholder; time to start delivering and getting the share price up to a far higher level than this.

[beeezzz] 10/6/2025 15:44:00

What profit, they don't make a profit which is the crux of the problem.

[tightfist] 10/6/2025 15:36:46

Plus the poor news flow eg Who are GreenMeter Goa and what's the business deal - that's the essence of an SPV

Zeus seem to have gone to ground, and the new Chairman is invisible?

[hatfullofsky] 10/6/2025 15:10:49

Still suffering from the profit warning.

[gleach23] 09/6/2025 21:42:44

Noteworthy trade reported late of 593,684 shares @ 7.5p dated/timed as 6th June/16.44.
Still plenty of shares available to buy today but the underlying Bid did at least firm up a bit.

[derek ten bag] 08/6/2025 17:02:14

Interesting stuff, Multi, especially paras 1-4. From what you say, that SSS link could be quite significant. You would think Cyan must represent an attractive proposition for several of those big-hitters; I'm quite surprised they haven't yet made some kind of move, although that 7% interest rate seemed suspiciously generous, so perhaps the tectonic plates are starting to shift behind the scenes. It would be interesting to know if any of the regulars on here who visit India and know the country well, have either visited the company's offices out there and/or have picked up any insight into our progress on the ground. As a matter of interest, what kind of valuation would we need to have to move from AIM to the main board, or is that just getting ahead of ourselves?

[multibagger] 08/6/2025 10:54:44

Good morning DTB and all :)

I am no expert in this area but sources indicate that if a proportion of Indian CYAN (which is currently a private limited company and a 100% fully owned subsidiary of CYAN UK), is sold to the likes of Intellismart or Esyasoft/IHC, then they would become a shareholder of our Indian private limited company which in all probability would involve a stake in Digismart Networks as well.

No acquirer would be only interested in CYAN India without the Digismart Networks stake IMHO. From our UK perspective, any acquiring entity should have access to large amounts of capital and it would be contracted that we get all the hardware and software contracts stemming from future contracts globally. That said I recently saw an infographic from the Visual Capitalist which positions IHC Dubai ( the parent company of Esyasoft and SSS) as being 47th in global rankings with a market cap of £240 billion. Those are pretty deep pockets !

h t t ps://www.visualcapitalist.com/ranked-the-worlds-50-most-valuable-companies-in-2025/

Any acquirer of Indian CYAN stake could then flog a proportion of their equity as an Indian IPO. A number of permutations and combinations are possible to realise value for patient UK shareholders.

Dual listings are very expensive and brings on a host of compliance, regulatory and reporting requirements so I am not sure that the senior JC team will be keen on that - at a time when growing the company by winning contracts and accessing project capital funding is the focus.

As to the assertion/hope that Western markets are "safer" remains to be seen - we have our share of Enron, Madoff, WireCard, Theranos, PatVal, BHS, Carillion, amongst others so must be careful of throwing stones whilst living in glass houses ! We have even had a fugitive running an AIM listed company (Chief Executive Uzi Katz and Telit) between 2005 and 2017 before being discovered and quite a few companies have disappeared in a puff of air very conveniently !!

Good luck all !

[derek ten bag] 08/6/2025 08:25:08

Morning Multi, good to hear from you. Your comments echo yesterday's FT article by the Mumbai billionaire. The technology and dynamism is there but too often held back by bureaucratic processes which slow things up, a problem all too familiar for our company, CC. A while back, I raised the issue of a dual listing, given that the bulk of our business is in India, and someone cautioned that although AIM has its issues it does have better regulation and safety protocols. But now, it just isn't delivering for us. The question I would ask of you, or anyone else on here, is what would happen if, say, Intellismart or Esyasoft were to take a stake in either Digismart or CC India? Would that require a separate listing on the Indian market?

[multibagger] 07/6/2025 22:19:34

Hi bubloo and all :)

You are dead right - I was over in India on a couple of occasions recently and the pace of palpable economic growth and spending, vibrancy and energy amongst the private sector and middle classes is amazing. Govt bureaucracy remains slow and patchy in the states I visited, but India is so vast in scale. The level of digitalisation and fintech is amazing - every one seems to be glued to their smartphones for all sorts. Having done my genchi genbutsu CYAN is in absolutely the right place (India) at the right time, but listed on the wrong stock market which is facing an existential crisis.

Many Indian stocks have done 1000-2000%+ over the last 5 years and talking to my Indian stockbroker got the distinct sense that this is just the start - for the first time retail domestic stock investments have outdone Foreign Institutional Investors in quantum. Though past performance is no indicator of future returns, the odds of outperforming tired Western stock markets which are facing a potential political, geopolitical and debt ridden "perfect storm" is exceptionally high. I am setting my sails accordingly.

For those who seek exposure to India through Funds, Ashoka India (AIE) is one which seems to be doing okay, though individual Indian stocks are better if one is able to invest (currently the quantum of investments and strong business connections are needed to make this happen it appears) . A glimmer of hope that the SEBI in India is looking into opening the Indian stock market to us foreigners directly.

As to your comment, I have several on here on filter so not sure what was said or by whom.

Good luck all :)

[beeezzz] 07/6/2025 17:50:26

Cyan are not making a profit which why share price is declining, profit means increase in company value, Cyan are just a cash burner. Shorting a non profit company is easy money...

[derek ten bag] 07/6/2025 15:30:48

Interesting article on doing business in India in today's FT, featuring Jamshyd Godrej, a Mumbai billionaire. Worth a read for those of us who despair about the glacial pace of progress.
And gizmo, if you are reading this, your post today on the other site mentioned Cyan's Chief Commercial Officer. Do we have one? What was the point you were making, if you don't mind me asking?

[bubloo] 07/6/2025 07:46:01

Estienne How much experience do you have of doing business in India?. My experience has been otherwise.

[estienne] 06/6/2025 14:37:11

Its going down because the results were so poor and its dependant on income from India which is just about the most unreliable place on the planet to do business

[derek ten bag] 06/6/2025 11:20:53

'Out of sight'. 'Gone quiet'. Apart from you, me and gizmo, everyone on here has gone quiet. Used to be such a vibrant and positive board and yet here we are, largest order book in the company's history, AMISP enabled, office in the Middle East, non-dilutive funding sourced and yet the company's valuation is in the toilet. JC makes a great play on him being a shareholder. Surely he should be using Lyndon, Panmure and Zeus to get his, and our, shares to a more realistic value?

[tightfist] 05/6/2025 10:08:17

DTB: as a half-full investor, I had hoped that the recent change in Chairman would usher-in a new era of greater transparency and realism. Four weeks-on the same-old seems to prevail, with the new Chairman (and NED Lyndon) remaining out of sight.

You often complain about the sp; until there is transparency and a line-of-sight to quantifiable non-dilutive capital funding (by CC or an SPV) I am not expecting much positive change IMHO. JC recently intimated verbally that revenue projections are to be reined-in; meanwhile Zeus and Panmure seem to have gone quiet?

[derek ten bag] 04/6/2025 16:47:25

As a long-term shareholder, TF, I take a dim view of being 'left to guess' what is going on. They made an absolute mess of their revenue predictions and I think they now owe us greater clarity on the current state of play. Sadly, I see it as a marked lack of respect for shareholders and it really is time to extract the finger and give us much better information on how the roll-out is progressing, especially in respect of the deferred items. The share price is nuts and a poor reflection on the board's news management ability. I'm afraid I'm coming round to the view that I would be happy with a takeover, albeit at a sensible valuation. I'm getting really fed up with the situation here, which is sad because it should be a good news story.

[tightfist] 03/6/2025 21:57:16

DTB; personally, I don't anticipate Greenmeter as a CC construct (- more likely it's enabled by SSS? - DYOR).

IMHO we are being left to guess what is going on in terms of funding and ownership; the RNS was very opaque IMO. Hence my earlier comment about questions at the forthcoming CC AGM.

[gizmo 555] 03/6/2025 12:11:50

Hi derektenbag.. will Goa start see a change of markets view...good post fella

[derek ten bag] 03/6/2025 11:42:29

Sorry, should be 'granular'.

[derek ten bag] 03/6/2025 11:29:47

Hi Gizmo. Thank you for your reply. Insightful and positive as always. I'm assuming, perhaps incorrectly, that Digismart and Greenmeter are in-house constructs, managed by current personnel within our 'leadership' team. If so, I think it would be good to see the bios on the website updated to reflect who is doing what. I have to say that I have some sympathy with chrysalis's view. Given our order book and the quality of our product, the valuation of the company is surely way too low and I had hoped that with the addition of Lyndon and his particular expertise to the board and the arrival of Panmure Liberum as advisors, we might have seen the company acquiring a higher profile and a more representative share price. Either way we could do with a bit more granlar detail on how things are progressing on the ground. That word 'possibility' that you used is one long term holders are all too familiar with, and not in a particularly good way.

[gizmo 555] 03/6/2025 11:04:23

Hi chrysalis99 ...didn't j.c take a new role driving ....what.. do you think is helping to steer the path ...🤔. Connections maybe

[chrysalis99] 03/6/2025 08:29:39

There's no evidence that incumbent management are anywhere near capable of that!

[gizmo 555] 02/6/2025 22:43:46

Hi Derektenbag ...greenmeter is maybe the link ...moving cyan from niche tech provider to mainstream infrastructure player If execution scales as expected .. ... increasingly believable possibility.... maybe it's one of the Best risk reward cases from this level ...cyan a tech success story .....mid cap 27