Cyanconnode Share Discussion Threads

[emptyend] 03/6/2021 08:54

I'm not sure that target prices are worth the pixels they are written on. Or valuations.The question in my mind is how central is the IP here to remote comms.....and the evidence seems to be growing that Cyan has a unique position.Assessing what that is worth requires an estimate of market size for a market which presently seems unbounded and global.I would think that Cyan is likely to be an acquisition target quite soon - unbounded growth opportunities do not grow on trees....

[emptyend] 03/6/2021 08:44

Try the right thread, rather than this one that hasn't been used in 6 months....

[agaudry] 03/6/2021 08:43

Is everyone snoozing in here! Something seems to be happening ..... anyone any useful ideas?

[techno20] 03/6/2021 08:41

Interesting (and rewarding!) morning so far. New Arden research note out. TP of 17p.

[emptyend] 03/6/2021 08:41

Hardman. Valued company at £71.8mn, or 38p per share pre placing.

[pugugly] 03/6/2021 08:29

emptyend - Can you advise which broker -

[gleach23] 03/6/2021 08:26

There wasn't much trade going on yesterday although a buy of around 150k @ 9.7p which was above the Offer was a promising sign...likewise a placing at a premium :)

[emptyend] 03/6/2021 08:14

Why would volume be anything other than lame at current prices? There is a broker report out with a valuation of over 30p and they have just placed a pile of shares at a premium to yesterday's price.The only way that volume rises is if people sell....so go ahead...;-)

[the chairman elect] 03/6/2021 08:08

John Cronin, Executive Chairman, CyanConnode, commented:

I am delighted that as a result of high investor demand we have placed 33,170,076 shares with both existing and new shareholders. We are thankful for the strong support shown and it is particularly pleasing to welcome new shareholders to the register at this exciting time for CyanConnode.

The Board remains confident and focused in the future growth prospects of the Company and looks forward to providing further updates in due course. As a result of the Placing we have broadened our investor base and are committed to delivering great value to all shareholders.

[tightfist] 03/6/2021 08:08

Volume was rather lame yesterday, will today be different?!

[the chairman elect] 03/6/2021 08:05

Yes as I stated - a done deal!



CyanConnode Holdings plc

("CyanConnode" or the "Company")

Result of heavily oversubscribed Placing and Subscription

CyanConnode (AIM:CYAN.L), a world leader in narrowband radio frequency (RF) smart mesh networks, is pleased to announce that, further to its announcement at 7.00 a.m. today, it has successfully completed a heavily oversubscribed placing of new Ordinary Shares, at a premium to last night's closing market price, by way of an accelerated bookbuild, which is now closed (the "Placing"), and a subscription of new Ordinary Shares (the "Subscription").

The Placing and Subscription raised, in aggregate, £3.15 million (before expenses) through the placing of 27,196,395 new Ordinary Shares (the "Placing Shares") and a Subscription for 5,973,681 new Ordinary Shares (the "Subscription Shares") at an Issue Price of 9.5 pence per new Ordinary Share. The Issue Price represents a premium of approximately 2.2 per cent. to the closing market price of 9.3 pence per existing Ordinary Share on 2 June 2021, being the last business day prior to the announcement of the Placing and the Subscription.

[bad gateway] 03/6/2021 08:04

Not bad, looks to be breaking out on the chart above too.

[emptyend] 03/6/2021 07:57

...result just announced: "heavily oversubscribed" in under an hour!.....

[the chairman elect] 03/6/2021 07:40

No doubt it is a done deal....

[tinker10] 03/6/2021 07:30

You can't buy in any volume so maybe some big boys wanted in. Good news on the face of it, but will be interesting to see what the take up is like.

[frazboy] 03/6/2021 07:23

A little bit surprised it’s required but it’s at a premium which is also a bit of a surprise.

[emptyend] 03/6/2021 07:16

Interesting development today. Sounds as if they've had some institutional interest.....

[tightfist] 31/5/2021 21:50

Hi MB,.Thanks for the links, it certainly increased my perception of the scope and growth aspirations of EESL beyond India. Intriguingly, it even mentions a U.K. acquisition on page 3!.Cheers, tightfist

[multibagger] 30/5/2021 11:52

The "direct" EESL partnership recently announced (12 Apr 2021) in the Middle East & Africa and the EESL involvement in India "indirectly" through the Intellismart SPV, opens up massive opportunities that were so far a lot more inaccessible or "spoken for".

The magnitude of commercial opportunities that have now opened up for a company as small as ours is simply staggering IMHO.

Hopefully folks will have had time to digest all this information and do their own research and guess next week trading in CYAN will pick up further....

The sunny weather adds to the optimism :)

[multibagger] 30/5/2021 11:47

Courtesy of, and thanks to LTI on the other LSE thread posted today 10:56



"EESL I seem to remember...

....... requested for Strategic Partners in Thailand, a couple of years ago, which I posted on the bb.



EESL have subsequently invested $5 million in Thailands EV manufacturer, SWAG EV, in October 2020.



EESL have also signed a MoU with the Oberoi Group, in April 2021. The Oberoi Group own and run hotels in India, Indonesia, UAE, Egypt, Mauritius and Saudi Arabia.




So part of a diverse portfolio of projects that EESL are involved with.

Which makes the CyanConnode announcement on 12th April, 2021, that EESL had selected CyanConnode as Technical Partner in the Middle East and Africa, along with CyanConnodes announcement on 26th May, 2021, concerning a MoU with IntelliSmart, very encouraging indeed.

The old Chinese saying that " Even the journey of a thousand miles, begins with a single step " is I think relevant, as I believe
that Cyan/CyanConnode started this journey a few years ago.

Steady progress is beginning to gather pace. In my opinion.

LTI."

[multibagger] 29/5/2021 07:08

Good morning all :)

Happy to note the SBP observations when this Company was predicted to go bust several times over the years. We have moved from being in a just a survival mode to becoming an ambitiously growing company and gaining recognition from massive stakeholders in the field. The change is very perceptible and welcome :)

Stock market seems to be cautiously warming to the tectonic plates of the Indian smart metering ecosystem moving and re-arranging to accommodate the tiddler that is CYAN. We have seen fairly large one day price movements (for CYAN) and confirms my view that the shares are tightly held. It does not appear possible to buy in any 100k quantity without upticking the share price !

A tiddler though it maybe, RF Mesh has proven to be a seminal piece of the technology jigsaw that has delivered upwards of 99.5% uptime and data collection in the Indore Flagship Smart Metering Project in India (now a Reference Centre/Centre of Excellence) resulting in approx. 25% increase in revenue collection.

The Intellismart RNS is a tacit admission that the EESL roll out based on Chinese smart meters and Cellular/GPRS communication has not worked as hoped. Cyan tech has now been called upon to sort out these legacy issues and work alongside for new contracts.

CYAN has rapidly built up a suite of communication technology products that allow it to bid for a diverse range of contracts globally depending on customer need and price points.

Also it looks increasingly likely that our various communication technologies could be quite easily be adapted/modified/developed to address to adjacent areas in smart metering such as water, gas, lighting, EV Charging and play a role in IoT which is likely to take off when 5G becomes more mainstream.

However, there is commercially enough going on in the smart metering of electricity to keep us busy for years to come !

Hopefully this little primer will help new investors coming on board get their bearings...have a good long weekend all :)

[stupidboypike] 28/5/2021 22:18

To think, right now you can buy 0.5% of this company for just £85k.

[inthetin] 28/5/2021 13:02

To think, about a year ago, you could have bought 0.5% of this company for less than £15K.

[beeezzz] 28/5/2021 12:30

Aim stocks need to demonstrate they are not going to get the begging bowl out again, which will deter shorting, which is main problem with non profit or low profit AIM companies IMO.....

In CYAN case this should be well funded going forward and can see real traction from here on in, wish I'd brought more.

I like to be positive - MB

[gleach23] 28/5/2021 12:22

Could be on the cusp of a major breakout too on the back of this news imo.

Obviously volatile but seems inevitable that the recent highs will be taken out with no stock available to buy online, some large buys having gone through at full price and buying now appearing above the quoted offer.