Cyanconnode Share Discussion Threads

[inthetin] 18/11/2024 12:05

His job is probably done for now - he's got his fund's 10%'ish position sorted for eff all.

Interesting that one or two of our prominent posters have gone AWOL now that the latest fundraising process is underway.

[tightfist] 18/11/2024 11:35

I don't think Miton Microcap had a lot of choice - allegedly sitting on 40% redemption requests! Cyan was theirthird largest holding - and possibly still is......

[tightfist] 18/11/2024 11:06

Hi DTB, the impact of a prospective Indian equity participation would surely depend on how it is structured - if at all - wait and see!.Naturally the Chairman and BoD are here for all shareholders. I pointed out the IHT aspect so we are all aware of possible selling pressure; I am sure Panmure have a company perspective on that. .For reference, I still remember IMO an insanely low price being reached on one of my AIM equities during Summer 2019. It became clear over the following few months that TWO funds had simultaneously been undertaking forced redemptions. The recovery bounce over the next 16 months (394% trough-to-peak) was memorable. That also taught me to be extremely wary of micro equity fund; the DSM and MINI charts are not pretty!

[inthetin] 18/11/2024 10:34

IMO, we are being totally stitched up by the BoD, Mr TU & others by them managing the share price and fundraisings to ensure that they end up with the maximum holding for the minimum investment.

They won't dual list because that would introduce an unknown into the equation.

The board obviously knows that there's not going to be any news in 2024 so they are making the most of it by delivering another fundraise within the next few weeks (the process starts this week), while the share price is on its knees - thanks to one of the 'team' dumping 5.3M shares and driving the share price down 30% in the last month.

[derek ten bag] 18/11/2024 10:04

Morning SBP. I had a feeling someone might pick that phrase up. Sorry you had a bad experience. I suspect most of us have been there at some point. But does that then make the case for looking at another market? Ideally one which allows the share price to more accurately reflect the value of the company. Even when good news is announced, the response in the share price is, at best, muted. If it's frustrating for us, it must be equally so for the board. How do we get round this problem? Answers on a postcard.

[stupidboypike] 18/11/2024 09:47

"I suspect that, for all its limitations, the AIM market has reasonably robust oversight"

Just a little warning to any AIM investors, speaking from bitter experience the above is absolutely not true I'm afraid. Do not rely on the authorities and make sure that you are happy with any investment on your own terms. I once "invested" in an AIM company that seemed too good to be true and it was! turned out to be a fraud and the authorities did literally NOTHING.

Best regards SBP

[inthetin] 18/11/2024 08:02

The BoD's responsibility is the success of the company for all shareholders' benefit, not just the IHT avoidance planning ones.

If the company needs to be on another exchange to flourish, so be it.

During the last investor presentation, JC confirmed that a dual listing was something that the BoD were looking at - he would have appreciated at that time what the implications were of that.

I very much hope that they've made some progress on this front.

[tightfist] 17/11/2024 21:48

Hi DTB, regarding the AIM listing, IMHO I would be very careful before initiating a move. AFAIAC Cyan are a currently a qualifying IHT relief share and could have attracted a strong body of long term holders. I have seen it speculated that such holders are possibly 30% of the register at large stable AIM companies.....and IIRC dual listings are ineligible..So I still believe that patience is required to allow Cyan to blossom - a selling overhang is likely not helping.

[derek ten bag] 16/11/2024 13:45

Attennnnn......shun! We live in hope, Major.

Stand easy.

[major courtenay] 16/11/2024 13:30

Maybe AIM will do it for us when we’re profitable and pay a dividend.

[derek ten bag] 16/11/2024 12:54

Thanks for your reply ITT. Very interesting and a bit out of left field. Who knows what will happen, but AIM isn't doing it for us, that's for sure.

[beeezzz] 16/11/2024 12:27

I thought Reeves was going to boost investment in this country, being just an office lackey and really not an economist she has no idea how to encourage investment, when everything is taxed up to the eyeballs.

Tories increase taxes on dividends, cgt was cut to the bone, it's just not feasible to expect those risking their money to be clobbered if they actually find a good investment.

[inthetin] 16/11/2024 12:07

Perhaps Nasdaq Stockholm would be a better fit. That market has more credibility than AIM and Cyan has a genuine connection there.

They already have Connode Holding AB (a company registered in Sweden).

"In April last year, a group of nearly 60 EU officials travelled to Sweden on a fact-finding mission to meet Nasdaq Stockholm, operator of the country’s highly successful stock market.

During a two-hour session on “capital markets ecosystems”, the exchange’s executives explained why so many small and medium-sized businesses are deciding to list in Stockholm.

At a time when the UK and many other European countries are struggling to attract initial public offerings and suffering from falling trading volumes, Sweden stands out for having, relative to its size, thriving capital markets that are backed by legions of investors and which are even tempting foreign companies to list." (FT 04/24).

[derek ten bag] 16/11/2024 11:28

The sooner we find a more suitable market than AIM the better TF. Not doing us any favours as far as I can see. What do you think about a listing in, say, India as part of a dual listing? There was mention recently that the company had indicated they hadn't ruled it out. And if some of the corporate moves that have been spoken about come to fruition, that might be an outcome of it. Don't know much about it myself, but I would welcome any thoughts on the matter. What seems clear is that the AIM market is not providing a platform for a realistic valuation of the company, given our order book and projected revenues and earnings.

[tightfist] 16/11/2024 10:42

Here're is a thoughtful link about redemptions, Miton MINI and their Cyan holding feature further down the note. .Although a month has passed, IMO it's a good refresh on the current AIM woes in general:.https://app.stockopedia.com/content/more_aim_woes_investment_trust_wind_downs_and_forced_selling-1011323?source=stockreports_chart

[inthetin] 15/11/2024 17:53

Perhaps LF's first job as investor relations manager should be to tell Mr TU that he is be excluded from all future fundraisings.

[inthetin] 15/11/2024 17:51

It was a sale.

I was trying a dummy sale at that time. I regularly like to see how much of an appetite there is for my shares and that was the price that I was quoted for up to a max of 500K shares.

[derek ten bag] 15/11/2024 17:36

Anyone got a view on whether that 781k trade at 10.51am was a buy or a sell? Could really do with some decent news very soon. share price looks pretty undervalued given all the news to date but we seem to have been saying that for months now.

[tightfist] 15/11/2024 13:16

As long as the Revenue-per-Share keeps rising exponentially, "am I bovvered"?

[inthetin] 15/11/2024 12:56

You can sell 'quite a few' automatically with AJB this morning at 9.75p.

Fundraise at 10p within the next 2-3 weeks?

[multibagger] 15/11/2024 12:04

O/T

Hi DTB :)

Many thanks - both books on my bedside and partially read. The German economic miracle is on the wane as is much of the Europe but makes for fascinating reading. The dangers of living in the past and hoping that legacy national strengths and economic models will survive in a rapidly changing world is wishful thinking. The pressures of increased defence spending in Europe and resultant debt that countries will have to take on will cause inflation to spike again. This is all before Iran mines/sinks a VLCC in the Straits of Hormuz or China decides to encircle Taiwan in an embrace. Trump is likely to spend more time plotting retribution to his opponents than bothering about what happens here or for that matter anywhere else in the world.

Investing is about thinking ahead and positioning for the future....better to be approximately right than be absolutely wrong !

[derek ten bag] 15/11/2024 09:39

Morning Multi. Kaput was reviewed last weekend in the FT. Not a subject you would even have considered twenty years ago when German industry was in its pomp. There is also an interview out there between Neil Oliver and Nick Ward which was very interesting.

[multibagger] 15/11/2024 07:04

O/T

Good morning TF :)

A couple of good books to read if you are interested....and would make a welcome change from broken biscuits....

Kaput - Wolfgang Munchau
Broken money - Lyn Alden

Many are totally oblivious and worryingly clueless to how the world order and economies are changing.....

[beeezzz] 14/11/2024 18:54

Reason for pricing pressure is their executives are probably payed third world salaries, whereas Cyan seem to think paying first world salaries and still trying compete doesn't add up..crux of the problem.