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Member Info for kidwin

Member Since: Fri, 31st Oct 2008

Number of Share Chat Posts (all time): 305
Number of Share Chat Posts (last 30 days): 0

Last Posted: 26 Nov '13

26 Nov '13

Currently CYAN need to develop products to suit local markets, but once rolled out and proven in one major market, ie India, other markets are likely to open up and accept a common standard - accelerating roll-out accross markets.

This is now happening in other related areas just reported on UBI board: In a further boost to Ubisense's presence in Asia, the company is pleased to note forthcoming changes to Japanese radio regulations which will allow use of its products in the Japanese market from 2014. The changes follow significant investment in product development and engagement with the Japanese regulatory body (MIC).
25 Nov '13

MNM, the two big risks mentioned in the Allenby report are: 1, being taken out by a large competitor (siemens /GE to reduce comp' and add to their IP or a conventional meter maker to add capability)

2, running out of money before commercial success (deferred rollout)

when you add in the uncertainty of being a trailblazer of new tecnology and the markets that CYAN oporate in (AIM & Emerging) the risks are high. But at these prices the rewards are so much higher IMO
25 Nov '13

Seems like business as usual, I will keep an eye on future developments, but no need to change my mind. David Bundred, Chairman of Surface Transforms commented:

"This Placing completes the proposed fundraising of £821k announced in January 2013 of which £504k was actually raised in the period up to March 2013. The placing proceeds will be used for ongoing working capital purposes. The Board continues to target EBITDA break even and results are expected to be in line with market expectations. The Board would like to place on record its thanks to shareholders for their ongoing support for the Company."

Details of the subscription:

The Company has raised approximately £327,000 by way of a placing of 3,843,498 new Ordinary Shares at 8.5 pence per share. These new Ordinary Shares will represent approximately 9.1 per cent. of the enlarged issued share capital of the Company.

The placing price of 8.5 pence per share represents a discount of 25.3 per cent. against the closing share price on 22 November 2013 but a 6.3 per cent. premium to the last equity fundraising undertaken by the Company.
23 Nov '13

The Board Devilhawk Topcat 14 Castaway Mick THEX19MAN daza66 Chris2kmac KeyserSosse x 2 thepanda Members TheCobbler67 Sultan Merchant RobRoy007 mikemm kidwin
1 Oct '13

Bought 2,011,406 shares for my ISA today, shown as a sell, at 0.4p.

Lots of good news expected here, but I have been waiting years for this share to come good. However, I expect them to raise by 1.2p if only half the expected news comes good.


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