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Pin to quick picksCyanconnode Share News (CYAN)

Share Price Information for Cyanconnode (CYAN)

London Stock Exchange
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Share Price: 8.30
Bid: 8.20
Ask: 8.40
Change: 0.00 (0.00%)
Spread: 0.20 (2.439%)
Open: 8.30
High: 8.30
Low: 8.30
Prev. Close: 8.30
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AIM WINNERS & LOSERS: Cyanconnode extends gains; Tekmar cost pressure

Thu, 21st Oct 2021 10:51

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Cyanconnode Holdings PLC, up 25% at 18.10 pence, 12-month range 3.65p-18.4p. Extends gains after 26% rally on Wednesday, after Hardman & Co Research published report saying it expects revenue to triple over 2021 to 2023, accompanied by a "strong move into profitability" in 2023.

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Driver Group PLC, up 9.6% at 57.00p, 12-month range 40.25p-62.00p. Expects to report full-year underlying pretax profit in line with market forecasts. "During the financial year just ended, Driver Group continued to perform satisfactorily and successfully managed the uncertainty caused by the Covid-19 pandemic to ensure the business has remained profitable and with a stable cash position," says Chief Executive Mark Wheeler. Business adds it has entered new financial year with "renewed positive momentum".

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Deepverge, up 8.9% at 24.50p, 12-month range 19p-40p. Says division Modern Water gets GBP2.2 million of new orders for newly enhanced monitoring equipment with upgraded software which are being shipped to the UK, India and China to meet customer and partner obligations for delivery in this financial year. "The shipments include upgraded Microtox toxicity monitoring, new models of the Microtox PD range for SARS-CoV-2 and other pathogen monitoring as well as Microsaic mass spectrometer equipment to monitor forever chemicals and contaminants of emerging concern," it says.

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AIM - LOSERS

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Tekmar Group PLC, down 14% at 41.31p, 12-month range 35p-83p. Says supply chain issues and cost control pressures have hit recent trading, and it now expects to report revenue of GBP46 million and adjusted loss before interest, tax, depreciation and amortisation in region of GBP1.2 million for the 18 months to September 30. "The board expects the profitability from the size and nature of contract mix to improve in the current financial year to September 2022, albeit the financial impact of continued disruption to global trade remains harder to quantify at this time," it says.

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Bezant Resources PLC, down 13% at 0.139p, 12-month range 0.12p-0.49p. The copper-gold exploration and development company says GBP1.2 million fundraise was oversubscribed. Places 923.1 million shares at price of 0.13p each. Says proceeds to be used for exploration activities, including on its Hope copper-gold project in Namibia and on exploration and drilling programme in Cyprus.

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W Resources PLC, down 8.0% at 7.18p, 12-month range 6.07p-23.9p. The tungsten, tin and gold mining company says third quarter saw best performance to date at La Parrilla mine in Spain, with tungsten production up 58% quarter-on-quarter to 168.3 tonnes, but says production was hit by "number of challenges" which resulted in an estimated production loss of around 40 tonnes of tungsten concentrate. "A number of power outages were caused by technical problems with the LNG generators. This has been resolved by the supplier after isolating the cause of the stoppages," it says.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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CyanConnode gets big order from IntelliSmart

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15 Apr 2024 09:50

CyanConnode shares edge higher on latest module contract in India

(Alliance News) - CyanConnode Holdings PLC shares were up on Monday morning, after the company said it has won a new order that will enhance its footprint in the subcontinent.

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12 Feb 2024 13:13

CyanConnode secures letter of award from JST Grouip

(Sharecast News) - Radiofrequency mesh network specialist CyanConnode announced on Monday that it had secured a significant letter of award from its partner, the JST Group (JST).

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12 Feb 2024 10:59

IN BRIEF: CyanConnode partner JST receives Thai utility project order

CyanConnode Holdings PLC - Cambridge, England-based developer of narrowband radio frequency mesh networks - Notes significant letter of award from its partner, JST Group, a group of Thailand-based service an supply companies, for 101,360 Omnimesh cellular modules for an unspecified utility project in Thailand. This is the largest letter of award yet received for CyanConnode's Omnimesh cellular modules. Deployment of the cellular modules will commence in the first quarter of the 2025 financial year beginning April 2024.

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11 Jan 2024 16:16

CyanConnode gets order for one million modules

(Sharecast News) - Narrowband radio frequency networking company CyanConnode announced a significant order from Montecarlo on Thursday, through its subsidiary in India.

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11 Jan 2024 11:35

CyanConnode shares climb on order win for 1 million Omnimesh modules

(Alliance News) - CyanConnode Holdings PLC on Thursday said its subsidiary, CyanConnode Pvt Ltd, has received an order from Montecarlo Ltd for one million Omnimesh modules.

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11 Jan 2024 10:22

AIM WINNERS & LOSERS: Windward sails higher; Nostra Terra raises funds

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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11 Jan 2024 08:40

LONDON MARKET OPEN: Stocks in the green; M&S slides as Tesco edges up

(Alliance News) - Stock prices in London climbed at Thursday's market open, with investors feeling hopeful ahead of US inflation data, and considering Christmas updates from grocery companies.

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19 Dec 2023 13:05

CyanConnode stays optimistic as revenue surges; loss narrows

(Alliance News) - CyanConnode Holdings PLC on Tuesday said it expects to meet full-year expectations, after reporting higher interim revenue.

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9 Nov 2023 14:14

EARNINGS AND TRADING: Chapel Down hopes to make splash on AIM

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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8 Nov 2023 18:10

CyanConnode plans to raise GBP2.5 million for strengthen balance sheet

(Alliance News) - CyanConnode Holdings PLC on Wednesday said it plans to raise about GBP2.5 million through a placing and subscription of shares.

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31 Oct 2023 14:26

TRADING UPDATES: Zotefams wins Nike deal; Serinus in licence extension

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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31 Oct 2023 11:30

CyanConnode secures Middle East and North Africa follow-on contract

(Sharecast News) - Narrowband RF mesh networks designer CyanConnode has received a letter of award for a follow-on smart metering deployment in the Middle East and North Africa.

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