I think you may ultimately be right Interest3d, unless of course some more news arrives in the next few days/weeks. I can't think there is much downside from the placing price though as that's usually a good floor. That report did look in parts as though it wasn't totally finished, i.e. from a grammar and punctuation perspective but regardless the information does seem to provide some reassurance. ATB
"Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets initiated coverage on shares of Cyan Holdings Plc in a research note to investors on Tuesday, November 12th. They set a “market perform” rating and a GBX 4.50 ($0.07) price target on the stock. Analysts at Pacific Crest downgraded shares of Cyan Holdings Plc from an “outperform” rating to a “sector perform” rating in a research note to investors on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 10 ($0.16)."
Will probably release an update and revised targets now to incorporate the placing ....or "proposed" placing..
barx are pretty cr$p at it ..I normally tell them........ We shall see.Still digesting the new info ..now why ..(JOHN) is that info not in the rns???? I know the placement is just mooted and not taken place yet but for goodness sake!
beaufort covers the need for extra capital under pro`s and cons... If that had been on the website yesterday before the placement news then the sp may well have gone up and someone would have cried foul..
It does sound promising for 2014 with the extra snippets of news in that report. I do think the Cyan PR machine stabs itself in the foot from time to time, and if they had given us the info in that report we may be seeing a more healthy sp here, even despite delays.
However, I still think it will go down further aka the placings. The next week or two should we should see where it bottoms out.
Great find, Interest3d. Well done. China changing from " Cyan push, to customer pull ". Enough said. And all the other positives. Brazil - " Cyan lighting product being certified for Brazil and will be ready in Q4 ". We may have some Christmas chear, after all.
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