Cyanconnode Takeover Rumours (CYAN)

Bskiny, JC stated he had spent £1.32 million to buy his shares and as alluded Toby some, was 5his sending out a message to someone? Are we seeing a friendly approach or is JC getting frustrated by the value being attributed to the company? Could we expect a hostile takeover approach? JC has hinted at behind the scenes information. Does he come out and say they are in j/v or takeover talks and l3t 5he mark3t decide 2hat we are worth?

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 !

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 ........

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

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.

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.

its own the RNS is just fluff. Would have been far better if the working capital issue had been pre-addressed and advised in the RNS. My initial reaction was where is working capital coming from. Certainly kicking myself for not selling near the top the 500k which I had bought @2p about five years ago. I had bought another 100K, so still in profit but will we see that sort of price again – I I doubt it. The RNS and failure to address the working capital issue makes CC vulnerable a takeover – 12p?

The BoD don't know how to run a company that CC could evolve into. IMO, their best bet is to sell the whole shooting match and call it a day. I invested in this company as an India/takeover play yonks ago and I'm not at all interested in the ROW noise. I don't believe that JC or HP are really interested in the ROW either but it's something for them to talk about. When JC joined, he talked about Cyan being a 200M (£ or $ ?) company. With 12 years of inflation, that would make it 300M (£ or $). If JC could get half of that, I would take my hat off to him. Can't see it happening though.

Very vunerable to takeover now. Even more so after upcoming results.