Cyanconnode Share Discussion Threads

[inthetin] 11/9/2024 08:25

Hi SBP

I've done all that I can do and trust that a few others have as well.

I'll leave it now unless someone attempts to defend that sort of stuff.

KR

ITT

[homebrewruss] 11/9/2024 08:23

Appreciate the comment.from the FD doesn't sit well re the placing but it's share price suicide to admit any company needs a placing in advance so whether or not she believed a placing was needed the right approach IMV is not to admit it.

[inthetin] 11/9/2024 08:17

Hi NTG

The major shareholders' (including BoD) percentage of total share capital will increase from 42.65% to 47.29%. Is there a chance that this fundraise was a defensive move or is there a more straightforward way of defending yourself?

GL

ITT

[nick the greek 1] 11/9/2024 08:11

Hi tightfist

I agree re him previously being sceptical which is why I was interested.

The only way (it appears) this share price will go north is (obviously) if people buy it in the OPEN market (not in placings) and these buys are not matched by sellers.

I’ve been keen to note one or two new, well respected investors have bought in and posted on here of late and this is what the share price needs.

I wasn’t expecting this recent placing and feel it gives a different view on the potential of achieving a greater share price for a forthcoming deal with Intellismart which is surprising but very good in my view.

My guess is they will now take the lid off and get/hope the warrants will kick in to allow more cash to the pot asap.

Then do the deal with Intellismart.

They do so need new investors from the open market though and this damn seller to finish.

I took part in the placing and was scaled back by 50% so have filled the remaining 50% since cleansing.

To get a placing away at a premium in these markets is basically extraordinary, especially with the back up of £300k from the BoD.

Absolutely stunning to get it away at a good premium it really was and oversubscribed, quite unbelievable.

I think the share price of late, in particular the “holding”; at 8p will be very clearly looked at by regulators but doubt there is anything illegal happened.

It’s just the way AIM is, it’s a roulette wheel.

Also discouraging that our FD publicly said not long back that they doubted they would need to place for monies but it is what it is, that sort of comment doesn’t sit well going forward though imo.

Just follow the money as our thread host says!

[stupidboypike] 11/9/2024 08:11

itt - good point. I do hate news leaks - it is so un-professional.

Best regards SBP

[inthetin] 11/9/2024 07:39

Perhaps the £600K & others were buying on Monday BEFORE the RNS was released. It'll be interesting to see if there are any consequences of those actions. You can't now delete those transactions whatever. Tut-tut.

[tightfist] 11/9/2024 07:33

Hi NTG; I follow Paul Scott fairly closely daily, but have not spotted a CYAN item for months; the last I recall was pretty sceptical..... He generally tends to be very focussed on the Balance Sheet, hardly a happy hunting ground for CYAN followers!

[nick the greek 1] 11/9/2024 07:04

Re Paul Scott

If anyone can point me to the article, comments from P S it would be appreciated?

TIA.

[hatfullofsky] 11/9/2024 07:01

This was the article that behind the Statement re media speculation on Aug 1.

Interestingly is states

NIIF backed IntelliSmart is in talks with global smart metering major CyanConnode to acquire a majority stake in its Indian Operations, said two people in the know of the development's. The transaction would be a secondary majority sale along with a primary equity raise they added.

We've just hade the equity raise .....

[multibagger] 11/9/2024 06:31

Good morning HBR and all :)

You are spot on !

Liquidity will get tighter as sentiment improves and still remains grossly undervalued at a market cap of about £32.3m even when contracts announced on 28.08.24 are approximately $130m !! At some point the market will wake up.

Some mention that Paul Scott has commented on CYAN - but I have no idea what it is as I don't follow or subscribe.

Good luck all !

[homebrewruss] 10/9/2024 18:24

That would be £600k happy to buy them at a certain price of 9p. Presumably they would struggle to buy them in the open market for that price without raising the share price.

[stupidboypike] 10/9/2024 14:30

hxxps://x.com/CyanConnode/status/1833496063640023251

Apparently there were offers of over £6m for the placing, so by my maths there is still £600k happy to buy shares at 9p. That's 6.6m shares.

Best Regards SBP

[derek ten bag] 10/9/2024 12:34

Investors - Financial Information - Presentations

[stupidboypike] 10/9/2024 12:25

dtb - whereabouts please? BR SBP

[derek ten bag] 10/9/2024 12:18

Power Point presentation now on the website.

[rivaldo] 10/9/2024 11:10

When I bought in the other day I'd hoped that there wouldn't need to be a dilutive share issue, but nevertheless it's encouraging to see this issue at a good premium to the (admittedly low) prior share price.

In particular, along with the director participation - where I'm pleased to see the CFO putting in another £20k - and Axia's £3m, it's good to see Premier Miton add to their holding with another £500,000 of shares.

CYAN now have extremely well-financed foundations to progress to good profitability this year if all goes according to forecasts.

[derek ten bag] 10/9/2024 10:52

Morning all. On balance, much more positivity now. Uncertainty can put a real 'downer' on the market but hopefully the mist is clearing and we have a better idea of the view going forward. My question is this: is this fund-raise primarily to bridge the gap between now and the arrival of possibly more significant funds arriving from the sale of stakes in the Indian business? It clearly demonstrates that we are well-underpinned by those individuals/companies who want to invest in CC and should send a reassuring signal to the market. Thanks to all for your helpful contributions this morning.
And, the sun's out up here, but the breeze is straight from the arctic.

[dumper1] 10/9/2024 10:14

Are they ditching already? must have spoken to pg etc ;)

[stupidboypike] 10/9/2024 09:48

thanks mb, yes I think this is VERY good news in the medium to long term for Cyan, as someone mentioned earlier, it wouldn't be easy to sell 33m shares into the open market, their exit has to be a significant event (trade sale etc.), so they at least are confident of that occurring in a reasonable time frame. I think coupled with the 6.5m order I am happy to keep waiting for another 2 to 3 years if needed to really get the benefit of all of the boring years spent waiting here.

Best regards SBP

[multibagger] 10/9/2024 09:43

If this fund raise was somehow tied/linked to the CYAN India stake sale, then the decks would appear to have been cleared. A part of me wonders if Axia could be one of the bidders for a stake in the Indian business - we were given the impression that there is more than one conversation going on in the RNS on 01 Aug 2024.

An "observer" position for Axia on the BoD could dovetail with that ?

Either way a very positive development and the next order and thereon should help the share price move forward - fingers crossed !

[multibagger] 10/9/2024 09:37

Hi SBP :)

They are possibly a "family office" from what I hear....and it would be unusual to find much about such entities in the public domain. Given how portfolios or investments are made by such entities, the £3m would be at the 5% mark at its max or could be a lot lower - so I reckon they would have deep pockets. The focus is often on wealth preservation (first priority) followed by wealth/income generation (a real bonus) to ensure the heirs are not left penniless, hence this is a resounding vote of confidence if that were the case.

Follow the money as they say....

[inthetin] 10/9/2024 09:35

Hi SBP

I think that it might be this Cayman Islands based lot:-

hxxp://openleis.com/legal_entities/213800CL3YNEZ7Q23G40/AXIA-INVESTMENTS-LIMITED

GL

ITT

[stupidboypike] 10/9/2024 09:21

Can anyone point me in the direction of any information on Axia Investments? I can find their company house listing but no website or other info.

Best regards SBP

[markingtime] 10/9/2024 08:57

Seems about right.....