Cyanconnode Share Discussion Threads

[daddy warbucks] 04/3/2024 17:01

On the link provided, if you go to page 3, you will see...02 Sep 2009 Particulars of a mortgage or charge / charge no: 1 View PDF Particulars of a mortgage or charge / charge no: 1 - link opens in a new window - 5 pages (5 paNo idea if this is the charge which has been satisfied.

[derek ten bag] 04/3/2024 16:53

In which case, it sounds positive for the company that we can pay off loans made to us. Still be good to get an update on how business is progressing.

[tightfist] 04/3/2024 16:47

IIRC two Directors made a loan to CC - £300k possibly. Maybe they have now both been paid-off, and the security released, prior to the year end? Just a thought; I recall one was paid-off a while ago.

[homebrewruss] 04/3/2024 16:39

Sounds like an old loan paid off
'A charge is 'satisfied' when it's paid off. You do not have to tell us, but any satisfied charges left outstanding on our records could have a negative effect on your company. It's a good idea to make sure any charges registered against your company are correct and up to date'

[inthetin] 04/3/2024 16:36

Hi DTB

Any idea what this 'Satisfaction of charge' is about?



I thought for a moment that JC's loan had been repaid and his £40K pa of interest would now cease but it's not that.

I didn't think that we had any other debt.

Cheers

ITT

[derek ten bag] 04/3/2024 16:16

I'm a bit less sceptical than you ITT. I actually have considerable regard for JC and also for Heather. They have worked very hard to get the company to where it is and to establish a very high reputation in the territories in which it operates, for quality and reliability. I shall be extremely surprised (and very disappointed) if, by October, the share price is not considerably higher than it is now and we have not won many more orders than at present. JC stands to make a considerably greater return on his investment from a high share price than from his annual remuneration, although I think creating a company worth a lot more than it is now is his real ambition. I've been looking again at the calibre of the staff we have, both here and in India and I am quite impressed. We shall see. But, if you happen to be reading this John, it is certainly time for, at the very least, an update on progress or better still, an other order. DYOR and GLA.

[inthetin] 04/3/2024 10:35

Hi DTB

I'm not so sure - it's the perfect story for stringing people along endlessly, persuading them that company success is just around the corner.

In the meantime, JC is pocketing £400K pa in salary plus £40K pa in interest on a £300K loan. At 68 years old, it's not too bad for him either way (i.e. whether the company succeeds or not).

GL

ITT

[derek ten bag] 03/3/2024 16:41

Hi ITT,
If we haven't heard something transformational by October I suspect most of us will be moving elsewhere. I expect to be disappointed on Monday but we live in hope. GL.

[inthetin] 03/3/2024 12:30

Hi DTB

Yes, it has been dreadfully dull of late.

In all likelihood, you will be disappointed on Monday too.

I'm not going to leave my capital here doing nothing endlessly - there are opportunities elsewhere and those opportunities will increase as confidence in equities in general eventually returns.

If we haven't heard anything transformational by the end of October (i.e. end of H1 24/25), I'm going to start reducing my Cyan holding and pop the cash in somewhere else.

GL

ITT

[derek ten bag] 01/3/2024 16:41

A follow-up on t'other site suggested what seems a benign explanation, ITT. Let's hope so. Anyway, good to see a bit of blue on here. But hasn't it been dreadfully dull of late? Time, I think, for some news. Monday would be good, but it's the same every weekend. I look forward to Monday with anticipation only to, yet again, be disappointed. Ho-hum.

[inthetin] 29/2/2024 13:16

I see Genus & HPL have lost a lot of their value during February (30% and 14% respectively).

Perhaps there's some bad news around the corner.

I could do without that.

[casholaa] 29/2/2024 09:43

I still hold mine. I'm underwater but as it's AIM, its to be expected.

[derek ten bag] 29/2/2024 09:28

Since it's not drawn to scale, the graph suggests a steady increase in deliveries when, in fact, the rate of delivery is increasing. That would have been a bit more instructive. The next point on the chart will be interesting. We have orders for about 6.3m nodes as I recall, so hopefully these are being punted out as we speak. But otherwise, ITT, I agree - as I'm sure we all do - that we really do need to hear about new orders which should be materialising by now. Time for a decent update from John and/or Heather. It's all getting very tiresome.

[inthetin] 28/2/2024 22:59

1.5M nodes dispatched in the last three years (an average of 500K per year) is hardly setting the world on fire.

I really don't care about what they've been doing for the last 10 years (that's just fulfilling historical orders), what about winning some new orders that would make one or two new investors sit up and take notice.

Enough of all this patting each other on the back - that can wait until they've dispatched ten times more than they already have.

Going for growth? Really? Let's see the proof.

[derek ten bag] 28/2/2024 15:48

We seem to be the only ones around these days ITT. Even the other site is very quiet, although you do get the odd nuggets on there to keep us informed. I think that CCIndia may have had another emanation but since I am not on Twitter (or whatever it's called these days), I have to rely on picking up crumbs from others tables. Poor show really. These informal updates should be on the website. Very, very disrespectful to investors who don't do social media.

[inthetin] 28/2/2024 08:55

Hi DTB

I never like it when there's no appetite for Cyan shares. The max that you can sell automatically via AJ Bell is 12,500 shares (£1,600).

Personally, I'm not that interested in Thailand. For me, this is an India play and until it is proved that Cyan has a decent role, we're stuffed and will continue to yo-yo between 10p - 13p, unless we get some unwelcome news.

Beginning to struggle to believe this delayed subbies being told of their involvement spin.

Cyan said in one of its news releases that subbies should hear within 6 months of the main contractor winning the contract. That obviously isn't the case. IMO, Cyan needs to explain this miscalculation.

[derek ten bag] 28/2/2024 08:12

Morning ITT. I fear your prediction of a retreat is likely to come to fruition. News management on here is very disappointing. On the bright side though, with regard to the recent Thailand order, Vas posted info on the other thread regarding not just the MEA but also the MWA, in respect of smart water meters. The word used in our RNS was 'significant', so perhaps a harbinger of things to come. Hopefully in the current millenium.

[inthetin] 27/2/2024 12:41

Same old same old.

[inthetin] 26/2/2024 17:57

Hi DTB

I agree with you.

We were here less than a month ago (i.e. 14p) and then retreated again. Obviously, it'll do the same this time unless an order or three arrive.

GL

ITT

[derek ten bag] 26/2/2024 16:58

Hi Lawson27, I'm sure I've heard you saying that before and it's come to nowt. But I suppose a stopped clock is right once every 12 hours, so fingers crossed. My view is that it should have been moving up last week but seemed to be being held back (if that's even possible). Nice move today though and a lot of buyers. Given that, I suspect, most long-termers are already fully invested and sitting on their hands, are those new investors or even institutions licking up bits and pieces? News of new orders tomorrow would be most agreeable. GLA.

[fxl5] 26/2/2024 15:16

Agree there will now be sustained heavy buying ahead of obvious march contract news.

[lawson27] 26/2/2024 14:22

She's about to pop, GLA