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Share Name Share Symbol Market Type Share ISIN Share Description
Cyanconnode Holdings Plc LSE:CYAN London Ordinary Share GB00BF93WP34 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.05 0.88% 5.70 5.60 5.80 5.70 5.70 5.70 277,851 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 2.5 -6.2 -3.3 - 10

Cyanconnode Share Discussion Threads

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DateSubjectAuthorDiscuss
31/10/2019
09:27
Why is it that I could have told you (and indeed, posted) that the company expectations, when first announced, were pie and in the sky and in all likelihood would not be met, but there is shock when the company announced on the last day of October that the money isn't coming in. It was obvious from the outset the forecast was absurd. Apparently they have enough cash to execute their strategy. Really!? If so, they must have miraculously found a way to really slow that burn (lucky, since another fundraising via the usual channels would probably not be successful) and secondly, can anyone clarify what exactly IS their strategy. Taking it private? Answers on a postcard.
realist1950
31/10/2019
09:22
Put it this way, I don't think Herald Investments will be chucking any more money in their direction: hxxps://www.theaic.co.uk/aic/news/videos/aic-interview-with-katie-potts-herald-investment-trust Worth a careful listen all the way through. (Just my own interpretation! You must all come to your own conclusions).
realist1950
31/10/2019
09:11
"With so many idiotic retail investors floating around, it's painfully clear to see how companies like CYAN can continue to exist." Spot on Companies come and go, but the manufacture of idiots continues to ramp up.
owenski
31/10/2019
09:05
With so many idiotic retail investors floating around, it's painfully clear to see how companies like CYAN can continue to exist. Although I have done it several times over a long period of time, this company really does deserves a proper dressing down and thorough examination of what has been announced vs. the reality of what has occurred. No mention in today's RNS of the once touted 100M order book. Or, the many, many 'contracts received but not yet delivered' that have been announced over the years, only for quoted revenues never to show and for those deals to be replaced with new ones. The phrase 'Fake it till you Make it' springs to mind. All in my own opinion. ADYOR.
realist1950
31/10/2019
08:56
Multibagger - fear not, although it seems barely possible, someone slightly more clueless than you has turned up to take over: deltalo31 Oct '19 - 08:30 - 797 of 797 0 2 0 Contract's will be secured in the coming weeks, so there only a little bit late. The board are confident there's enough cash reserves.
realist1950
31/10/2019
08:30
Contract's will be secured in the coming weeks, so there only a little bit late. The board are confident there's enough cash reserves.
deltalo
31/10/2019
08:06
Burning cash will probably need to raise money soon
hamidahamida
31/10/2019
08:05
It was the brevity that was unexpected..... that is new-news
tightfist
31/10/2019
07:08
Shocking, but not unexpected
fred splange
31/10/2019
07:05
RNS Number : 7102R CyanConnode Holdings PLC Trading and Business Update CyanConnode (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, today provides the following trading and business update. In September 2019 CyanConnode announced that the Company had expected to secure substantial Indian contracts by the end of October following delays in new tenders being awarded caused by the Indian General Election. The award of these contracts continues to take longer than anticipated, and while they are still expected to be secured in the coming weeks, the Company is now unlikely to meet market expectations for 2019. CyanConnode has carried out a review of its order book. In 2017, orders worth $48 million received from NIK LLC were announced, for territories including Bangladesh and Ukraine, with deployments expected to be over a three-year period. Whilst the Company is still in dialogue with NIK LLC regarding a rollout of these orders, the Board does not believe revenue will be received from those orders in the near term. The Company's current order book, (excluding the NIK LLC contracts), is now GBP40 million. The Directors are satisfied that the Company has sufficient cash resources to execute on its strategy.
multibagger
30/10/2019
12:17
Courtesy of and thanks to ImperialLondon on the other thread....make of it what you will, but sounds ominous. "As per September RNS we should have some contract announcements by tomorrow. This does not look likely - so whatever contract announcement(s) were deemed to be "in the bag" and ready for RNSing has have been delayed. The festival of lights/ Diwali holiday break in India is unlikely to have helped matters. So my guess is that tomorrow, we may get a holding announcement / vague explanation as to the delay just to try and mitigate the expectations shock. I do hope the BoD see how detrimental these rowing back of expectations can be. If we don't get any RNS, then it would reflect very badly and the share price will take a further nosedive. The least the Directors can do is to buy in volume from the market to bolster investor confidence. I would think that any individual Director buys below £15k would be tokenistic and pretty meaningless in the context of current market sentiment and credibility for the company Of course, they could wheel out "in a closed period" get out card..."
multibagger
25/10/2019
15:35
I have tucked this away in the bottom drawer but JC saying all that delayed news from India would be good but in the UK smart meter roll out what is our involvement in not spot areas? Reason I ask is the big 4 in are looking at providing data coverage as part of project, it was in the news, and what would the impact be - in two minds it would be better for us or no impact?32Sam
32sam
25/10/2019
10:25
As I said, Iran is accounted for.
realist1950
25/10/2019
10:09
There are trade embargoes with Iran which would affect the delivery of any orders.
knowing
25/10/2019
09:45
The company has explained the situation with regards to the Iranian contact but what about the others? Surely these should have been at least partially converted by now?
realist1950
25/10/2019
09:41
The company has stated, on many occasions, over a number of years, when revenue (significant revenues) from previously announced 'orders received but no yet delivered' are due to hit CYAN's books. But no meaningful revenue has ever been banked, at least not in the quantities needed to prove the business model and avoid the necessity for constant fundraisings. The company once boasted of orders, accumulated over several years, which amounted to a £100M order book. To me it would seem that there has been a failure in order execution and for previously announced revenue to have been banked. Indeed, even once apparently significant orders are seldom commented upon......instead replaced by fresh 'orders received but not yet delivered'. Therefore I shall take any future 'orders received but not yet delivered' with a pinch of salt (if that) owing to the fact that similar past examples would seem not to have been executed. All in my opinion only. ADYOR.
realist1950
25/10/2019
09:30
Fred, in my view it's entirely irrelevant even IF the orders come in. Why? 1) As we've witnessed, from past form, on multiple occasions, over many years, an order "received but not yet delivered" at CYAN really is no guarantee that the company will ever actually bank any meaningful money (either at all, or in a timely manner). 2) IF significant orders ARE received, I do not believe the amount of money received by the company imminently will be enough to ward off further significant fundraisings. This is because of a combination of both cyan's business model (revenue split between hardware purchases and recurring revenue streams over many future years) and the nature of the markets they are supposedly trying to enter. They could announce say a £15M order received but not yet delivered but it would mean nothing until that money, or a decent proportion of it is actually banked. And even if that order was genuine in that the customer was fully committed and contracted in, that kind of money, due to the model, would not hit CYAN's coffers all in one go but would likely be spread over many years. And we all know that there are a plethora of past orders 'received but not yet delivered' here which have seemingly either been pushed to the back burners or forgotten about entirely. Indeed the man appointed to apparently convert those orders (and who boasted about doing so in a video posted online) has since left the company. All in my opinion. Always do your own research etc.
realist1950
25/10/2019
08:47
Unbelievable that JC stated this less than 7 weeks ago:The Company is working on several large tenders, both in India and the rest of the world, which the Board believes will result in significant new orders in H2 2019 which the Company hope to announce before the end of October 2019Tragic
fred splange
25/10/2019
08:46
Double whammy of period end salary write down and monumental failure to land promised orders en route
fred splange
25/10/2019
08:44
T.i.m.b.e.r.r.rrrrrrrrrr
fred splange
25/10/2019
08:35
104K sold @ 3.8p
realist1950
25/10/2019
08:33
Punters wishing to escape the lock in may have to bail at well under the quoted bid. Shall I write another critique of this company NOW, or should I wait till......?
realist1950
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