Cyanconnode Share Discussion Threads

[bskiny1] 04/4/2024 10:16

2 large sells not helping...

[derek ten bag] 04/4/2024 09:30

Oops, too impatient.

[derek ten bag] 04/4/2024 09:28

Given the buys this morning at what looks like the full price of 8.50p, I'm surprised the price hasn't budged. Who can understand it?

[inthetin] 04/4/2024 09:22

At least the old 'bed & ISA'ing' isn't going to create a CGT bill at these levels.

[gleach23] 04/4/2024 09:13

Not much to say really DTB...it was good to see some modest buying at these levels and some more again so far this morning. There seems to be good liquidity in the market currently.

Maybe we'll see get some new tax year buying next week. It doesn't seem long since MB was doing exactly that last year but at double the current share price :(

[derek ten bag] 03/4/2024 14:29

So gl23, what's your take on today's trading? Dead cat bounce or positive sign? What are the tea leaves telling us? At least we're in the blue again, although it would have been better if we hadn't had to suffer all that red first.

[derek ten bag] 02/4/2024 17:41

Thanks for that forensic analysis gleach23. Much appreciated. Hopefully it is, as I said, just a bit of year-ending rather than anything more sinister. Does the fact that these three large trades (sells?) - the 567k and the two 201k just after 4pm - were done at around 8p suggest there may be a buyer waiting in the wings? The Zeus note stated, I believe, that they were pretty illiquid but these sells would surely challenge that to some extent. As would the fact that you could sell 100k at 8.14p near the close.

[gleach23] 02/4/2024 17:19

Hi DTB...FWIW there were a few sells in the afternoon as the Bid did strengthen after the earlier selling. Not that it's anything to shout about down at these levels but one could sell at least 100k @ 8.14p just before the close.

A 570k trade @8p has just been reported after the close timed at 9.45 this morning. Let's hope that's helped clear the stock of a seller.

[derek ten bag] 02/4/2024 17:04

You may well be correct, but it all has an end-of-financial-year feel to it. Sells in the morning, all buys thereafter. Surprised that it didn't reverse some of the morning losses though. LTI on the other site has posted a link to the latest Zeus update. As ITT says, we really need news of new orders to get things moving. It would also be good if the company could see their way to updating us on how the existing orders are progressing. Fat chance. (Or to be more politically correct, circumferentially-challenged chance).

[estienne] 02/4/2024 13:34

I expect it to drop a bit further yet

[markingtime] 02/4/2024 11:31

....I wonder what our Indian shareholder S. Chari makes of it......

[derek ten bag] 02/4/2024 11:22

Looks like we've been left to hold the fort ITT. I'm rather hoping the current state of play is to do with year end issues. Some losses being realised for tax purposes? Not my area of expertise, but I'm struggling to equate where we are with the orders we have, the revenues we have and the positive update last December.

[inthetin] 02/4/2024 10:31

Hi DTB

Thanks - hope you had a good long weekend.

This is so disappointing. The company is now worth less than a half of what it was 12 months ago.

An update isn't going to help the share price Only a series of new contract wins will do that.

GL

ITT

[derek ten bag] 02/4/2024 09:17

How many General Elections do they have in India? Every time we go into this kind of torpor the excuse is that we are waiting until the election is over. Seems like they have them every couple of months. We must be due an update soon. Surely?

[derek ten bag] 30/3/2024 11:24

And a happy Easter to you ITT and to all our fellow travellers. Big piece on the Indian economy in today's FT. Some fresh snow on the hills up here in The People's Republic. At least we're back to normal footie and rugby. All good.

[inthetin] 29/3/2024 18:40

Hi DTB

Yes, really quiet. We might have to wait until beyond 04/06/2024'ish (Indian General Election result) before knowing what's going on.

What's another two months or so in the scheme of things.

Happy Easter.

ITT

[derek ten bag] 28/3/2024 11:07

All gone very quiet on here. I did read the December FY24 Interim Results and I still think it read pretty well. And since then we have had the Montecarlo order and the Thailand LOA. But we really need to hear a bit more from the company to get things moving. Preferably UP!

[estienne] 26/3/2024 08:50

Amazing how people continue to flush money down Cyan Commode

[derek ten bag] 22/3/2024 08:52

And let's face it, ITT, what's your spleen for if it's not for venting.

[inthetin] 22/3/2024 08:40

Hi DTG

Not really - just venting. As a shareholder, it's my prerogative. Obviously, it's up to others how they react (or not) if/when they feel a tad let down by the BoD.

Have a fun weekend.

Cheers

ITT

[derek ten bag] 21/3/2024 16:09

ITT, you really are a mystery wrapped up in an enigma. One minute it is the end of civilisation as we know it and we're doomed Captain Mainwaring, doomed I tell ye, the next you're topping up. It would be easier to understand quantum physics. Anyway, good to get some posters back today and to hear that you have added to your holding. Odd day's trading though; very low volume in the morning and mostly sells, much healthier now and some good buys among the sells. Who can understand it? I'm assuming there's a certain element of year-ending involved but who knows. Good luck with the toe you dipped in the water today.

[inthetin] 21/3/2024 13:24

Just dipped a toe back in (10,694 @ 9.375p). Probably a tad early but I don't believe that there's going to be fundraise anytime soon.

The mood music will eventually change.

GL

ITT

[major courtenay] 21/3/2024 12:26

Hi Tightfist

I can see why you’d think the above. One potential issue is that JC famously said recently “it’s time to ride the wave” and has aligned the business and expenditure accordingly. If you’re right, how many rounds of fundraising could we be looking at? Bearing in mind the river usually runs dry pretty quickly if fundraising becomes habitual.

MC with cynical hat on.

[tightfist] 21/3/2024 12:16

Hi DTB, Yes….. in the meantime my SPECULATION is that there is a lot of hard bargaining proceeding in India, regarding awarding large contracts and/or corporate action - hence the prolonged silence.
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Pure speculation however, or is it “Confirmation Bias” in action - DYOR!
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BTW, I am looking for substantial revenue uplift (upon supply) in the next few years - significant revenue from maintenance (recurring income) is still a few years away, as I view it.
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That Recurring Income should eventually become the valuable part, as the (failed) Bid for SMS recently confirmed. It could be worth your while looking at YU. group, to see a business that is rapidly gaining traction across the Smart Meter spectrum, within the UK. tightfist

[inthetin] 21/3/2024 11:43

Hi DTB

My guess is that the 'knowledgeable people' have left the building a while ago.

Share 'holders' are no good to the BoD. They are only interested in the people who can provide new cash for new shares.

We're going to have to wait until we're beyond the 31/03/2024 and they've got an idea of how the year has panned out, which could be a few months away.

GL

ITT