Cyanconnode Share Discussion Threads

[the bull] 11/12/2017 16:01

sure its been said but when the share price is tanking they don't make statements about why its tanking yet when up a measly 15% they do. maybe they want it lower

[yump] 11/12/2017 15:56

"BOD baffled by dealing with India" might be more appropriate, as will most companies be who try to take advantage of the immense opportunities to sell to the ROW, as presented by Brexit. Or not.

[owenski] 11/12/2017 13:22

Bellend posting drivel, clearly another deluded holder.

[multibagger] 11/12/2017 13:07

Many thanks Emptyend and maybe we don't have too long to wait for some sunshine in the form of an upward trending share price.

[emptyend] 11/12/2017 13:02

multibagger,The relevant passage is here (see previous link):These Awards have been made on terms that will entitle the holders to the value of such Ordinary Share above a price calculated as the weighted average exercise price of the unapproved options being replaced. The remaining 2,736,571 Awards are new awards, and entitle the holders to the value of such Ordinary Shares above a price of 33.30 pence per Ordinary Share, which is a premium of 24.5 per cent on the mid-market closing share price of 26.75p on 23 October 2017.I just read this as a "clean up" of the options positions - and a very strong incentive to get the shares above 33.3p....without which the whole option package is worth precisely zip!I suspect we may be in the closing weeks of "fun" for those trying to punt this from the short side....rgdsee

[shavian] 11/12/2017 12:54

Sound more like the BoD is thoroughly rattled. This type of RNS is more normally issued as a result of an unexplained RISE in the share price. I would think that even DJP is a bit worried.

[yump] 11/12/2017 12:49

I always laugh in a cynical way when I see that directors have 'skin in the game'.

Skin in the game is mortgaging your house, while having no earnings.

If anyone believes that directors earning £200,000 and buying a few shares now and again is a reason to invest, then they can't complain about losing their shirts.

Then there's also the possibility that directors are deluded by their own egos as well. You only have to interview a few of them to find that out. The Apprentice interviews, when they really drill into the candidates and find nothing much at all was actually achieved by them, is not a rare occurrence in the real world of recruitment.

[multibagger] 11/12/2017 12:49

Though I am peeved about the lowering of share price options which I believe may have contributed to the share price nosediving, the RNS could reassure nervous investors/traders. It appears that they wanted some customer deliveries to be completed so that they can recognise the revenue in the trading statement.

Good luck all :)

[multibagger] 11/12/2017 12:46

Points well made Emptyend :)

Though I am peeved about the lowering of share price options which I believe may have contributed to the share price nosediving, the RNS could reassure nervous investors/traders. It appears that they wanted some customer deliveries to be completed so that they can recognise the revenue in the trading statement.

Good luck all :)

[multibagger] 11/12/2017 12:43

11/12/2017 12:35pm
UK Regulatory (RNS & others)

11 December 2017

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Response to Share Price Movement

The Directors of CyanConnode note the recent movement in the Company's share price and comment that they are not aware of any corporate developments that justify such a movement. The Company continues to focus on the execution of its order book of $100 million, together with winning new commercial contracts for its products in both existing and new territories. The Company will provide a trading update for the full year once the customer deliveries expected in December are complete.

[multibagger] 11/12/2017 12:40

11/12/2017 12:35pm
UK Regulatory (RNS & others)

11 December 2017

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Response to Share Price Movement

The Directors of CyanConnode note the recent movement in the Company's share price and comment that they are not aware of any corporate developments that justify such a movement. The Company continues to focus on the execution of its order book of $100 million, together with winning new commercial contracts for its products in both existing and new territories. The Company will provide a trading update for the full year once the customer deliveries expected in December are complete.

[lwaxf13] 11/12/2017 11:22

If it goes below 0.2p again I think it will be lights out here. The team will be polishing up their CVs and moving on assuming of course that this is not intentionally being driven into the ground to serve a hidden agenda.

[estienne] 11/12/2017 10:47

The last time I bought in at 18p it went down to under 1p.
Now its repeating history down now to under 17.5p
One wonders how long this can go on for.
Will they have another 200:1 consolidation when it goes below 0.2p again?

[tonys8] 11/12/2017 09:14

Agree Emptyend. Our BoD continue to increase their holdings,as do a large number of institutional investors at every cash call. I'm sure these guys have far greater knowledge of what's going on and the potential than us PIs

[lwaxf13] 11/12/2017 09:10

I never once suggested they have no skin in the game. I am surprised that they do given that they are on the inside and they more than most know how bad things are. I don't understand why they would buy shares in a business that is clearly not delivering. Unlike other share holders they do seem very fond of awarding themselves low bar options which I see only as a tool to help them recover their paper losses. These options are priced pathetically low and they even miss getting the share price above the option price. I now believe this is about insiders getting their money back.

[emptyend] 11/12/2017 08:51

The ill-informed comments suggesting that the directors are not only incompetent (on which I agree the jury remains out) but also that they are living high on the hog at shareholders' expense.See https://www.investegate.co.uk/cyanconnode-holdings--cyan-/rns/director-pdmr-shareholdings/201710250800025194U/Look at the table at the bottom. £1.5mn of P/A cash invested in shares at an average of around 40p (even Cronin's average is 39p+). Check the options table - options prove worthless unless they can get back in money AND then exercise at a profit.It is simply wrong to suggest that directors have no skin in the game and don't feel shareholders' pain themselves. But at least the ways of remedying this situation lie in their own hands - and I expect them to turn it round.

[lwaxf13] 10/12/2017 16:20

Emptyend - what ill informed comments about the board are you referring to? Under the board it has been a disaster of mammoth proportions with never ending fund raising, awards of pathetically low bar options to the team, sales of a corner shop and outgoings of millions upon millions., Once the team start looking after themselves with low bar options like they are going out of fashion you know the writing is on the wall for a business.

Just because they bought shares does not exonerate them. IMO there is a serious question mark over their competence given that they threw money into this and they more than most know how bad things are. It beggars belief they bought any shares in this at all. if you were on the inside of cyan would you buy any shares? Not likely.

[stav5001] 09/12/2017 10:48

The Indians have hung Cyan out to dry, whilst we follow the yellow brick road to meet the great Oz.

We've heard it all before. The longer term chart says it all. Truly world class.

Go no Iwax! This is from someone who used to write....

The future is bright, the future is Cyan.

[estienne] 09/12/2017 10:46

Deja Vu!

The 1st tranche I purchased was at 18p about 8 years ago

[mtw] 09/12/2017 10:38

emptyend... is the TNEB company transforming order still lodged ?