Cyanconnode Share Discussion Threads

[derek ten bag] 30/9/2024 09:06

Morning ITT,

Given today's trades, I'm surprised this hasn't bumped up a bit.

[inthetin] 30/9/2024 08:13

"Full List Of 2024 Trailblazers To Be Announced In Late September" -

Thirty days hath September, April, June, and November; All the rest have thirty-one, Excepting February alone. Has this changed?

[derek ten bag] 29/9/2024 17:08

Hi ITT,

Personally, I'm looking forward to tomorrow morning. At the very least I would hope to see last week's rise continue, but order news would surely turbo-charge that. Fingers etc crossed.

[inthetin] 29/9/2024 11:17

Hi DTB

I totally agree.

Keep building & improving the business where they can. The other stuff will look after itself.

If Axia's money can keep pushing us in the right direction, that's great.

JC suggested that we'd have to wait until Nov'24-Feb'25 for the first SPV and that's what I'm now looking forward to hearing more about.

GLA

ITT

[derek ten bag] 29/9/2024 10:32

Morning SBP and NTG. All this corporate stuff is very welcome and intriguing and, as you say, some kind of action feels imminent, as Multi suggested. It is important to remember that it all hinges on the underlying business and therefore I would really be hoping to see another large order or two to take us over the 20m mark. There have been many awards made and these must surely be pretty close to making their way down to the sub-contractors like CC. And the feeling of momentum would be enhanced, for me anyway, by news of orders from the ROW. It may be small compared to India at this stage but it does feed the growth story, which prospective bidders (or whoever) will want to hear. Either way, given last week's activity, Monday might be an interesting day. GLA.

[nick the greek 1] 29/9/2024 10:18

Thus I also think something significant is on the cards probably in the next couple of weeks, either a new contract signing or something to do with the Intellismart rumour perhaps.

There must have been clear (legal somehow) manipulation over the last 6 months to hold this at 8p imo.

It is certainly extremely welcome that this old dog has woken up anyway, that's for sure, let see how hard she can growl before settling down again!

[nick the greek 1] 29/9/2024 10:17

I think the "parachuting in" of "Axia" and their 10%+ is more to do with what will happen/what they want to happen, after a deal in India is done.

I think this is likely to do with current negotiations and what percentage CC UK will retain and thus what profit they will continue to receive from CC India when the deal is done and CC India is (partially) sold.

I would suggest with Axia weight (and potential of a lot more weight!) our position is a lot stronger than I originally feared.

The fact that they are a family firm and not based in the UK and are pretty much anonymous also adds weight to my speculation here.

I certainly agree they could likely lend a whole lot more fiscal input to this if they want/need to, they must be very, very, well informed and content to "go at" this stock "all of a sudden" I would suggest, very well informed.

I do agree it gives them an edge now but surely there is so much alignment already in the major holders that this "edge" wouldn't be needed?

Miton already have this "edge" over 10% anyway.

50%+ are held in very strongly aligned hands as of now I would say without considering the likely "numerous" 1% - 2% holders who could likely be easily aligned if needed.

Somethings in the offing and as I have said numerous times all we can really do now is trust in the BoD to enact in all of our best interests, we realistically know very little of what is/could be going on behind the scenes.

As SBP states, I also feel much more comfortable with the above paragraph after the "evidence" of the last month etc.

[stupidboypike] 29/9/2024 08:47

John, as usual you have hit the nail on the head. The ability to prevent a “squeeze out” is clearly the reason to go above 10%.
I’m feeling more optimistic about cyan now than I have for several years. Not sure about mb’s “news next week”, I’d settle for news this year, but hope I’m wrong about that!!

Best regards SBP

[dumper1] 29/9/2024 08:24

Certainly got very interesting all of a sudden, This latest dilution may well be a huge comfort blanket in a number of ways!

[tightfist] 28/9/2024 11:11

An interesting thought, ITT. How deep is the Axia iceberg - it needs be massive to pull that off. Or are they just a stalking horse - to sharpen-up the other interested partners......

[inthetin] 28/9/2024 10:50

Bore da

I think that the 'related party' position might have something to do with project funding and making that process smoother.

Perhaps Axia are happy to fund the SPVs - Cyan provide the hardware/software/expertise while Axia provide the cash/guarantees.

Maybe, their initial £3M investment (10% 'gift') was the price demanded by Axia before they'd entertain the SPV funding proposition. Was the £3M just the tip of the iceberg?

GL

ITT

[multibagger] 28/9/2024 10:28

Good morning SBP and all :)

I guess the shadow board position will allow them a ringside seat to any takeover/sale negotiations and that is what the 10% threshold could be about. I'm sure they have the financial werewithal to take over the entire company should they so wish....one does not have offices in Monaco and the Cayman Islands without a good reason !

I feel that there will be significant news this coming week....fingers crossed !

[johnwall] 28/9/2024 10:24

Morning SBP. 10.0001% does give them the right to block short notice GMs but my guess is that the more likely driver here is in a takeover scenario.

AIUI, if a bidder gets approval from more than 90% of the existing shareholders then they can force the compulsory purchase of the remaining shares (a so-called "squeeze out" of the residual shareholders). If less than 90% of the existing shares vote in favour then the remaining holders have the right to retain their shares even though the company will now be under the control of the bidder. It could be a considerable inconvenience to the successful bidder to have a residual 10%+ minority (and very probably disgruntled and awkward) shareholder so I think this would give Axia a bit more leverage in any takeover discussions. But I may be wrong ........

[stupidboypike] 28/9/2024 09:48

This may be the answer to my own question:-

“Shareholding greater than 10%

Able to block consent to short notice of a general meeting.“

Best regards SBP

[derek ten bag] 28/9/2024 08:55

Morning SBP. One thing that is clear is that things are starting to move here and, if the share price is to be believed, in a positive direction. Up to now we have been focused on the trading side of things (recently greatly boosted by the doubling of the order book), but now the corporate ground is also starting to move. Another large order (or more) this week would take us, I hope, to a significantly higher trading range and provide a more beneficial 'lift-off' point for whatever corporate action may follow. GLA for the week ahead.

[stupidboypike] 28/9/2024 08:43

Interesting analysis of the recent holding rns. They bought an extra 548,751 shares. However, the extra 0.0001% is a mere 3580 shares. That does look like strong evidence that they deliberately increased their holding to over 10%. As John wall has rightly pointed out the main (only?) advantage that gives them is an increased say in takeover talks. Anyone know exactly what that increased say is? I can’t find it easily.

Best regards SBP

[major courtenay] 27/9/2024 16:19

They’re obviously very discerning!

[cousinit] 27/9/2024 15:48

Noticed that with the clarification of Axia being controlled (I presume?) by Doxa Partners that they have been on the register of TRT for several months and have just increased to a 5.5% holding there.

[the onedin line] 27/9/2024 15:24

Steady as she goes.

[multibagger] 27/9/2024 14:11

Good afternoon all :)

The tectonic plates have shifted and leaves CYAN in the strongest position it has been corporately, commercially and strategically IMHO. Though we seem to have a partial sale of the Indian CYAN "inked", we don't know how it will be structured or what it will be worth. The fly in the ointment in what Rachel decides to mete out as fair share of pain come the 30th of Oct - and that is the elephant in the room.

I still feel that when an eventual sale of the whole CYAN is made, it will be circa the £1 mark at least.....but I am a well known optimist :) I know some big holders have mentioned that figure (for starters) in my earshot !

Good luck all !

[johnwall] 27/9/2024 14:04

Re Axia going over 10% - there are a few small advantages in owning more than 10% but I suspect the important one here is that they can prevent the compulsory acquisition of their shares (or "squeeze out") in the event of a takeover.

[major courtenay] 27/9/2024 11:54

There’s a strange kind of serial optimism when it comes to estimating the takeover price of a share. I think something pretty meteoric would have to happen to get us to 30p take out price from here. Possible, but most premiums are usually c. 50% to recent share price. I grant, if there’s another multi million order or two, that could do it, but they seem to be taking their own sweet time.

Also worth bearing in mind it won’t be a simple take out, but predictions suggest India purchase, followed by ROW.

Still, good to see the blue after that long becalming at 7-8p.

[markingtime] 27/9/2024 11:44

Axia news is interesting. S.Chari has been quiet lately but, add them together and there is a useful 20% block (and possibly more, with others....Johns, Stamp etc) in the hands of people who are positioned to be taken out by a major corporate deal.Those in the know seem to be adding to large positions, so it looks to me that a deal will only be a few months away.What terms? 30p+ I would think.

[inthetin] 27/9/2024 11:23

By going .001% over 10% of the existing issued share capital of the company, Axia is now classified as a related party under the AIM Rules for Companies.

What would be the advantage of that (and who to)?

Perhaps they intended to pop over the 10% threshold during the fundraise but someone got the maths wrong. That would be classic Cyan.

[nick the greek 1] 27/9/2024 10:04

That’s interesting.

Stake building hidden up from the Cayman Island's.

Can’t be hostile as they cornerstoned the placing and were brought in by the BoD according to my info.