Cyanconnode Share Discussion Threads

[inthetin] 12/9/2024 15:45

These?

hxxps://axiainvestments.com/

[daddy warbucks] 12/9/2024 15:43

Based in the Seychelles.

[daddy warbucks] 12/9/2024 15:43

ntg, I am sure you have seen this, but just in case...https://axiainvestments.com/about-us/

[nick the greek 1] 12/9/2024 15:39

Does anyone know who AXIA Investments are please?

[derek ten bag] 12/9/2024 15:00

Just for information, can anyone tell us whether the bulk of today's trades are sells, or actually buys? I get the sense that the lack of demand at the moment is having the effect of nudging the offer price down faster than the bid.

[pillow] 12/9/2024 13:51

New Panmure liberum report just released anyone seen contents

[inthetin] 12/9/2024 08:46

Is there a chance that SH might pull the Admission if they are not happy with one or two things?

I see the ultimate date for Admission is 18/10/24.

[nick the greek 1] 12/9/2024 08:38

Inthetin - 8668

Defensive strategy - quite possibly imo.

I am trying to find out more about AXIA Investments who cornerstoned it without much success so far.

Any one else discovered anything about them?

Personally I feel much more comfortable that we have a stronger hand to negotiate with (apres placing and 6m order) than we did before which as I said yesterday, surprises though certainly comforts me re the potential of this investment.

Nilly - quite simple and as I said yesterday - we need more buyers in the open market, I know that's obvious but no large holders seem to want to buy unless its in a placing.

This should/could change now if the market starts to believe our profitability and that no more raises will be necessary.

This is why I think Panmure will now aim at getting the warrants in play before we do a deal with Intellismart.

Lets see.

[derek ten bag] 12/9/2024 08:35

Morning SBP,
Couldn't agree more. I think most on here are probably fully committed by now and therefore buying has to come from new investors. And for that to happen the news has to be real game-changing and clearly so. Unfortunately, one gets to an age when the 'long-term' gets a lot shorter than it is when you are younger. I would certainly hope that we get to a much higher share price within the next twelve months and, given where we are now in terms of progress, that should be a perfectly reasonable expectation. Like you, I have been steadily accumulating over the last year or two but have reached my limit. I will be very surprised if we need any further fund-raising, especially if the interest from other players for a piece of the action in CCIndia comes to fruition. Let's hope that 'something immense' does arrive very soon.

[inthetin] 12/9/2024 08:33

Hi SBP

I totally agree with your post but would like to add that this £5M does nothing more than pay the same inflated salaries for the next 12 months.

Until the 'business model' (after 12 years, you'd have thought that he would have stumbled upon one that worked) changes to Cyan being the main contractor and not the subcontractor, the company is effed - obviously, they can't make money as a subbie.

If they can make that switch, they've got a chance - no guarantee that's going to happen though. Endless talk about these SPVs is all well and good, but who in the real world will want to partner with them, with their £70M+ loss-making track record.

Becoming the main contractor is key (via SPV or alternative).

Perfect time to clear the BoD and install a new team.

[nick the greek 1] 12/9/2024 08:30

Its settlement day for the placing so anyone who took part looking to flip has to either pay or sell to cover today.

I would expect some weakness as of that unfortunately.

[stupidboypike] 12/9/2024 08:15

nilli, I came to the conclusion when the 6.5m order was announced and the share price didn't move that the share has got itself into a situation where it will need something immense to move the price. Too many stale bulls who have been here over the last 10 years or more and bought all they want. The 6.5m order was the sort of order everyone had been waiting for, but if you look back, many were expecting that sort of order 2 years (and more!) ago, hence a bit of an anti-climax. I think maybe the next large order of several million may start to move sentiment, and once an actual profit is announced, we may get some coverage from Investor's chronic or similar. Whatever, for me the company is moving forward very nicely and I am pretty convinced that over the next 2 to 3 years this will come very good. I'm happy with that timescale, having been steadily increasing my holding over the last 10 years. I certainly won't be buying any more, but I'm very happy to sit on what I have.

Best regards SBP

[inthetin] 12/9/2024 07:55

Perhaps it's some of the Monday buyers selling, thinking that's going to help cover their tracks.

[hatfullofsky] 12/9/2024 07:47

More buyers :-)

[nilli] 12/9/2024 07:43

Very strange that the placing was over subscribed and now the you can buy the shares at lower price. No matter what news comes from the company, the share price is just very stagnant. Not quite sure what it will take to have a break out. Any thoughts?

[multibagger] 12/9/2024 06:33

Good morning DTB and all :)

Though many tend to look at investing through the lens of financial metrics in the main, they run the risk of missing the bigger/macro picture on the global stage. By being largely India facing ourselves, building our strong Indian relationships and embedding our selves in the Indian infrastructure growth story will propel the company in ways that may not be immediately obvious.

Worth reading...


Suffice to say, I am perfectly content as how we are positioned and the potential that seems so obvious to me :) Of course, with Specsavers offering 10 very high powered rose tinted glasses for a £1, I could not resist :)

Good luck all !

[derek ten bag] 11/9/2024 15:47

What a strange day. And a very eclectic range of posts - from the very suspicious about the timing of, and reason for, the fund-raise, to the very technical regarding taxes and the like, to the very positive. What's an innocent like me to make of it all? I am reassured that some on this board actually carried enough heft to be able to participate in Monday's event and clearly have considerable confidence that things are going to work out well for their investment. I do hope all the necessary due diligence has been done in respect Monday's actions and that it all works out for the best. If, as has been suggested, a fundraise was a necessary precursor to Intellismart (and/or others) taking a stake in CC India then let's hope things move swiftly from this point. GLA and thanks, as ever, for everyone's contributions.

[multibagger] 11/9/2024 11:59

Hi CousinIT :)

Taxes - they are a huge consideration for those who are fortunate enough to make enough capital gains over the CGT threshold - it is not on everyone's radar ! With average UK investor portfolio sizes apparently about £4k in total (not taking indirect exposure from Pension pots), this should come as no surprise.

Apparently only about 3% of UK tax payers fall into the CGT paying category - so from a vote bank perspective it is a no brainer for Rachel to harmonise IT and CGT thresholds for shares sales which will take some from 20% CGT to 45% CGT straightaway. Having spoken to various HNI investors, I do know that they have been mitigating for these impending tax tsunamis as best they can.....a good problem to have, but nevertheless still a consideration !

I am aware that some wanted to participate in the recent fund raise by directly having their subs directly routed into ISAs. This was not possible - however the mechanism to have it allocated directly into SIPPs was.

Though EIS was not in play in this CYAN fund raise, EIS has its own issues. You can only avail of EIS if you don't already own shares in the specific company you plan to invest in. If you already have a share holding in the same specific company, then you can't avail of EIS even if it were on offer. HMRC rewards EIS investors for the "risk element" and use the logic that if you are already invested, then you are already cognisant of the risks and cannot be rewarded twice. However, if you have made your initial investment as an EIS into a company there is the option to avail of EIS benefits in subsequent fund raises if that option were to be still available.

How things look/seem/appear, are different from various points of view and a good old conspiracy theory can be made to fit any situation and social media the perfect medium to spread fake news !

[cousinit] 11/9/2024 11:05

I still wonder how much tax has been at play here. Since the election was called in mid-May the price has been in a very tight range.

I realise that the recent placing didn't have any EIS benefits, but how many have been selling to crystallise both gains and losses under the current tax regime, irrespective of the longer term potential?

The placing has potentially allowed money to come back in (in size) after the time to crystallise gains/losses (is it 30 days?) and at the same time adding to the CYAN coffers.

[owenski] 11/9/2024 10:45

Jeez, is this dog still raising money.

[inthetin] 11/9/2024 09:26

As you very well know, it's not as simple as that.

[nick the greek 1] 11/9/2024 09:04

It’s easy enough to check!

All the regulator has to do is log from Panmure etc who was made inside and at what time and then go through the rest of that individuals trading accounts to see whether they bought anything before they were cleansed.

It’s not rocket science.

[tony284] 11/9/2024 09:01

For my sins I've been in CC for 10 years. I find some people's idea that the share price has been deliberately held at 8p rather puzzling and over thought. Quite simply, in common with many AIM companies at the moment, there has been very few buyers. Without buyers the price won't go up. On the day of the 6.2 million order, there was only a total of 83 trades; buys and sells. Quite simply there is no appetite in the investment community to invest in small UK companies, At least not until they are comfortably in profit and have a healthy balance sheet. In other words companies with no risk attached.
So, lI'll keep using the current, ludicrously low share price as an opportunity to top up. Good luck all.

[inthetin] 11/9/2024 08:49

Hi SBP

I'm not sure that you'd know if they did or they didn't do anything. You've just got to trust that they do their job properly.

All I know is that I wouldn't want to be one of those Monday buyers who perhaps shouldn't have.

I will leave it now.

KR

ITT