Cyanconnode Share Discussion Threads

[stupidboypike] 09/9/2020 08:00

Multi,

Iirc - if I recall correctly. Best regards sbp

[multibagger] 09/9/2020 07:27

Good to see that the Board have invested £5.5 million into the Company - how many AIM listed companies can demonstrate that ?

[multibagger] 09/9/2020 07:25

Good morning Emptyend,

JC has made a solid purchase too !

RNS Number : 3943Y

CyanConnode Holdings PLC

09 September 2020

Director Share Purchases

CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, announces that Executive Chairman, John Cronin, has purchased ordinary shares of 2.0p in the Company ("Ordinary Shares"), as follows.


Director Shares Price paid Amount Previous New shareholding % in Company Total
purchased per share invested shareholding investment
(p) (GBP) in Company
(GBP)
John Cronin 360,342 5.55 20,000 3,413,467 3,773,809 2.06% 1,005,829
----------- ----------- ---------- -------------- ----------------- ------------- ------------

Furthermore, pursuant to the CyanConnode Matching Share Plan (the "Plan"), the Company will now grant 360,342 options over Ordinary Shares to Mr Cronin . Under the terms of this Plan the options would have been granted at the same price at which the shares were purchased, however as with other directors who purchased shares on 7 September 2020, Mr Cronin has agreed to having these options issued with an exercise price of 10.0 pence per Ordinary Share. The higher strike price means that the options will have no value whatsoever until the share price increases significantly and will only have any value if the share price increases above 10p.

Following this grant, Mr Cronin will hold options over 1,118,443 Ordinary Shares. In addition, he holds interests over 4,601,625 Ordinary Shares under the Company's Joint Share Ownership Plan. In total, 914,678 options have been issued to Mr Cronin under the Plan.

John Cronin, Executive Chairman, CyanConnode, commented : "Together with my latest investment, the Board has invested over GBP5.5 million in CyanConnode, which demonstrates our commitment and confidence in the business going forward. I look forward to giving further updates to the market as appropriate."

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

[multibagger] 08/9/2020 20:03

Courtesy of and thanks to Share_talk on the other thread...

Zak Mir sounds pretty bullish....expecting around 10p in the next 1-2 of months !

and says that "Cyanconnode is in bull mode...."

[multibagger] 08/9/2020 20:00

Hi tightfist,

I can't recall any loans or convertibles with NE David Johns-Powell being mentioned by the Company at any point. I suppose if at all there were any such arrangements, it would a RNSable matter ?

Sorry - not sure what IIRC abbreviates for ?

Interesting to hear that we have had a second price monitoring extension - though I don't claim to fully understand the implications for demand/supply or share price. Is it just a procedural matter/mechanism to match trades or does it indicate a huge demand / shortage of shares at a particular price ? Any guidance gratefully received !

Good luck all :)

[emptyend] 08/9/2020 14:01

IMO fresh leadership wouldn't hurt at this point....and I wonder whether it is on the NEDs' agenda.

[tightfist] 08/9/2020 13:54

Hi MB, IIRC I have noted on this BB in the past fleeting references to Loans and/or Convertibles with NED David Johns-Powell mentioned. Can you shed any light on this? Thanks, tightfist

[timbo003] 08/9/2020 12:42

That's an interesting point EE, at the last pre-lockdown shareholder meeting with Cyan sometime last year (held at One America Square), I asked JC whether the time was nigh when he should pass over the reins and relinquish the role of exec chairman and instead become non-exec chairman. I opined that it would probably be of considerable benefit in terms of how institutions viewed the corporate governance of the company and their willingness to invest. JC's answer was along the lines that it was a definite a possibility but not in the immediate future

[multibagger] 08/9/2020 12:40

Ah okay emptyend - I didn't think of that possibility !

[emptyend] 08/9/2020 12:26

I'm aware of all those points.....all of which are perfectly reasonable. However, I was wondering whether it implies a change of management shortly......and I still am.

[multibagger] 08/9/2020 11:52

From memory and from his various presentations, I recall that John Cronin saying that he has invested over £800k or so in CYAN. I guess his average must be in the mid 20s (pence), though people may argue and say his high salary in the years gone by would have facilitated such an investment.

Also worth remembering that many years ago, a number of Directors took a whole years salary, in the form of CYAN stock. Though it may not have worked out in their best financial interests, to me it confirms their integrity and beliefs.

So in my view, and when compared to many CEO/Chairs he has put his money where his mouth is and his fortunes (good or bad) have been aligned with LTHs.

Either way, the wider market seems to like the 4 x Director buys albeit small in £ terms. It is a signal of intent and direction.

Our personal opinions count for almost nothing in the grand scheme of things, as we all have our own biases, expectations and make various decisions on our investments. However, the stock market as a "crowd sourced" platform decides what to make of any news. As always, there won't be a stock market if there weren't two opinions - whether a stock is worth buying or selling.

At the moment, the market thinks that is worth an additional 0.5p to the share price I am pleased with that :)

[emptyend] 08/9/2020 10:10

....ps....no purchase by Cronin? What is the story there, then???

[emptyend] 08/9/2020 10:08

Indeed....OBVIOUSLY I meant on this occasion. OF COURSE their total shareholdings are much bigger....but that actually just emphasises the point that the sums just invested are in fact completely trivial!!!

[timbo003] 08/9/2020 07:43

ee

i think you need to qualify this statement

"Collectively they have invested less than I have"


If you look at the current shareholdings, collectively they own around 11% of the company, with DJP owning around 10%

[multibagger] 08/9/2020 07:39

Agree emptyend that materially it is a relatively small sum collectively for 4 Directors.

However, you need to factor in that they are all taking temporary pay cuts to salaries to preserve cash position and that agreeing to a strike price at double at what we are currently are - is a sign of confidence and integrity.

The market is sentiment driven and this to me, this is a strong message of direction.

Edit: I think the market will like it :)

[emptyend] 08/9/2020 07:30

.....erm.....lets not get carried away. Collectively they have invested less than I have....but at least the option strike gives a signal re the expected direction of travel - and such a move is welcome.I think it shows a good level of confidence in follow-on orders ....and indicates that they are not in a close period for them just yet.

[multibagger] 08/9/2020 07:09

Hopefully with a strike price set at twice the current SP, any lingering doubts about the viability of the company or growth potential becomes far more distant.

A strong message to the market - we are grossly undervalued !

[multibagger] 07/9/2020 12:06

Hi Bscuit,

Delighted to hear of your good fortune though it has been a frustrating journey for any LTH ! More increase in share price to come it would appear as L2 is again tightening.

I am hoping that you maybe tempted to top up your ISA with another big bite of CYAN ? My and my family ISAs are well stocked with CYAN.

You definitely have got the CYAN golden Bscuit now :)

Kind regards, Multi

[bscuit] 07/9/2020 11:41

I subscribed for CYAN on a number of occasions and offloaded a lot for SSITLR reasons some time ago, but did buy 500K in my ISA for £10,400 some time ago and surprise surprise on paper I am now up 150%. Really quite refreshing.

[bscuit] 07/9/2020 11:41

Deleted double post

[gleach23] 07/9/2020 10:17

Thanks multibagger - CYAN has been very good to me on the trading front so can't complain. After those 2x100k trades just reported it looks like it's on the move up again! I shall watch with interest for now.

[multibagger] 07/9/2020 09:36

Hi gleach23,

Good to hear and pleased for your profit -timed very well with the spike ! You can always get back in later if you change your mind. I am pretty poor at short term trading, so it's buy and hold largely for me, other than portfolio rebalancing from time to time. Horses for courses.

Good luck :) Hope you see you back again at some point !