Cyanconnode Share Discussion Threads

[multibagger] 17/9/2018 08:09

17 September 2018

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Consolidation of European Operations

CyanConnode, a world leader in narrowband radio frequency mesh networks, is pleased to announce the consolidation of its European operations.

Connode Holding AB, based in Sundbyberg Sweden, was acquired by CyanConnode in July 2016 and its operations, including software development and technical support, have been transferred to the Company's Cambridge Headquarters. The lease over office accommodation in Sundbyberg Sweden will terminate effective 31 December 2018.

CyanConnode will continue to support Nordic customers and develop Nordic opportunities using Swedish staff working as contractors to the Company, and from CyanConnode's Cambridge Headquarters.

Connode Holding AB has been dedicated to the development of CyanConnode's Omnimesh platform, which was launched in June 2018. In the Interim results, announced on 11 September 2018, CyanConnode provided an outlook that included the cost benefits relating to the closure of its Swedish Office. CyanConnode is forecasting a monthly cash cost base from 1 January 2019 onwards in the region of GBP560k. There is no change to the Company's previously notified full year expectations for the financial year to 31 December 2018, nor the outlook.

Harry Berry, CyanConnode COO, commented: "I would like to thank the staff of Connode Holding AB for the smooth transfer of operations, including software development and technical support, to our Cambridge Headquarters. Nordic customers can rest assured that CyanConnode will continue to fully support their requirements."

[emptyend] 17/9/2018 08:02

I see the usual negative spin from the usual suspects here. Bottom line is that buying Connode was essential for the product that was launched a couple of months ago....and now the assets and any useful people have been moved to Cambridge (and development has finished) there is no need for the corporate overhead in Sweden. Hence it is being closed.Whether the assets turn out to be worth the price that was paid will depend entirely on how the new product is received in the market - and I guess there will be more news on that later this week.

[lwaxf13] 17/9/2018 07:44

It would seem buying Connode was not a smart move. No pun intended. Any guessing of the next bright idea from the big hitter flip flopping team? Imo They would have been better taking the untold millions they have frittered away in failing strategies and instead opened a welk stall on the coast. It could have been a world leading welk stall. Not just any old welk stall.

[smithless] 17/9/2018 07:37

What a cr*p*y investment Connode Holdings was. It paid £4.3m cash and a load of confetti shares and has delivered zilch. Any guesses at next placing price? 3-4p my guess.

[orange1] 17/9/2018 07:14

Told you a consolidation was in the air.

Just hadn’t seen this particular one coming!

[lwaxf13] 16/9/2018 12:53

It’s all only supposition but Stranger things have happened at public traded companies so anything is possible. Hypothetically if this has been their strategy they would IMO have blatantly ignored their fiduciary dury to shareholders. If this turned out to be the case I would support legal action that could be brought against anyone deemed responsible.

[realist1950] 16/9/2018 10:09

Inthetin,

Hope you don't mind me reposting your comments from the other place?

It's certainly worth a pause for thought.

I have sometimes questioned whether this shower would take the company private, as soon as the market has funded all the R&D and Donkey work.

I think they're capable of it.......but that's just my view/opinion. I would stress that I have no specific insight / knowledge in this regard.

Inthetin
Posts: 1,796
Opinion: No Opinion
Price: 6.75
RE: PresentationFri 10:45I don't believe that they are actually trying to raise cash from new investors, I think that they just want it to look as if they are.

Like the AGM, its being staged.

It will then give them the opportunity to say that they've attempted to find investors but failed, then comes loan from Stamp or Taffy and, Bob's your uncle, job done. The end.

[realist1950] 14/9/2018 17:19

Stock consolidations happen for specific reasons - quite often they are related to the number of shares in issue, not necessarily the share price (although the two are often related, of course).

In this instance, Cyan have already consolidated.

It's just that the reasons for, and condition under which, that consolidation originally came about are still in place, namely, the company still isn't making any meaningful revenue meaning that the company continues to fund itself via you - investors - with dilutive placings resulting.

The situation is doubly compounded because their cash demands remain high, the market is unpredictable and sales en masse remain elusive.

And the above is being generous / charitable.

OTHERS would argue that there is something fundamentally.....'afoot'...with a company that has been around for 15 years and has bleated the same tune for so long whilst the directors (or the renumeration committee) pay their key directors handsomely.

If I was invested here or was thinking of becoming so, I would attend next week and push the management very firmly for answers on many points.

One could start with demanding to know if any monies are still owing to staff from previous financial years.

Even if not, the renumeration committee, I'm sure, would speedily and keenly up the salaries again in the event of even modest progress.

The companies history (on several levels) stinks in my view......but I stress it is only that - my view. Others must reach their own conclusions.

AIMO. ADYOR. Without Prejudice.

[lwaxf13] 14/9/2018 17:03

Agreed. I think 0p target rather than another consolidation. Why bother with another consolidation when all they will do is destroy the price again IMO. It’s not exactly like we are oozing talent at Cyan capable of geting the share price up.

[realist1950] 14/9/2018 16:55

Orange1 and owneski - a share consolidation highly unlikely imo.

rgds.

[lwaxf13] 14/9/2018 16:31

Imo No real skill required to see how this business is performing. Even a fool could see this for what it is.

[orange1] 14/9/2018 12:30

But on the plus side, we might have a share consolidation soon.

[lwaxf13] 14/9/2018 11:07

Should have gotten rid of the tean years ago who have driven this into the ground with their quality big hitter expertise. Everything is low bar at Cyan except the salaries. Dog n pony shows about sun up this company. Don’t see many world leading companies pumping at dog n pony shows.

[realist1950] 14/9/2018 10:50

Nope. I do remember the name though. Haven't seen him on advfn for a long time. As I said, people come and people go....

[cancun tango] 14/9/2018 10:38

Realist

were you mg78? Remember that he was very keen here and then heard something that he wouldn't reveal which made him sell up.

[knowing] 14/9/2018 10:18

I am surprised that they are still dealing with Iran. Basically blocks any entry into the US markets due to the sanctions.

[mtw] 14/9/2018 10:10

But... But... But... the pipeline of orders... and that SMUTS2 thingy...

[realist1950] 14/9/2018 09:50

5.5p before the next fundraising?

[realist1950] 14/9/2018 09:22

And this has remained pretty much unchanged. In my view, the investment community remains CYAN's biggest 'customer'. All in my opinion only and said without prejudice.


realist195019 Feb '18 - 21:53 - 2170 of 2842 Edit
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As I pointed out the other day, a google search of 'cyanconnode' brings the following results for the first two pages:

1. Company Website (as you'd expect / hope)
2. iii (bb trash)
3. lse (quote)
4. lse (bb trash)
5. markets.ft.com (company listing overview)
6. this is money / investing (share pump / promotion)
7. shares magazine (share pump / promotion)
8. cambridge network (cyan's listing as a cambridge firm)
9. companies house (companies house)
10. linkedin (linke in)
11. Hargreaves Lansdown (stock quote)
12. br media (share pump / promotion)
13. morningstar (quotes / investment company info)
14. business weekly (a look at CYAN)
15. deloitte (that award..:(..)
16. proactive investors (share pump / promotion)
17. twitter (cyan on twitter)

That's a bad set of search results for any company imo.

Pure investment / stock focussed......nothing about the companies operations.

At this stage they should be on many third party websites.....with a focus on their activities.