Member Info for Bordersman

It looks to me as if Cronin was trying to stop a speculative rise in the SP to get , as LTI puts it, tanks on the lawn.

If so enuring Cyan supportive shareholders / white knights could build holdings as a blocker.

We are all agreed that future profits seem likely to be hoving into view.

Maybe we should calm down and be pleased no formal offer has been forthcoming.

I still think Igovt will be keeping a watch onthe players owning controlling and profiting from the new mega sized smart control of India's grid. Who knows if nationalisation / new taxes or something else is at play.

If EY was serious about a bid it could easily have firmed up by now.

We are still peering through mist with the hope and expectation that a profitable future is likely iunless CYan is taken out.

Mel ( Misty eyed mode )

Tonyj

I wholly agree that the curent SP materially undervalues Cyan. However there isnt enough clarity about future range of profits to justify your suggested SP price. My hope is that the parked tanks will ensure EY makes no bid and that in 2 years time the sp breaks 35-45 p .

I was an investor in Cairn energy which proved the wells in the Bay of Bengal and the sp rocketed. Unfair taxes etc ensured that cairn's exit from India was like wading in treacle. My sp hope is optimistic but Ruprecht's projected sp does not seem unrealistic if he has hit the nail on the head.

Mel ( in waiting mode)

Most can ignore this.but I wonder what happened to MAESTRO ?

Mel

Yes TonyJ but if I was Indian Gov policy maker I wouldnt allow any one co to get to such a dominant % of the new Infrastructure.

Ruprecht's post does help us see the cut of the Board's jib.

Maybe EY has never had any intention of a real bid and the last few months has been all about raising the profile of what Cyan may be about to achieve? Wishful thinking.....but an exit at 10.44 seems very unlikely.

Mel

Thanks Ruprecht. Getting to the real sitrep has been like doing a jigsaw puzzle with half the pieces missing.

After your observationss it is clearer.

Mel

............and Worth 10.44/share?

Mel ( in obfuscatory mode?)

The AR to be received within 5 weeks should give us some more clues.

Of course the Board ought to be giving us a handle on future likely profits

in the AR. You never know.

Mel

LTI

All true but if you project that the current order book should be 90% delivered within the next 2 years we should be able to have a broad stab at the profitability range headed Cyan's way . It is the key to getting a handle on Cyan's worth.

Have a go.

Mel ( in delegating mode )

LTI

You have been watching Cyan for a decade. I have been busy with other pots on the boil outwith AiM and the FTSE

so although I have on occasions tried to get a handle on the coming income stream and finger in wind trying to work back after the direct and indirect cost to project future profitability...... I really havent got near to anything approachng future net profitability. HAVE YOU ? or have you any idea about the gross T/O likely to arive in the next 2 years?

Mel ( in evauation mode)

Of course attending Harvard fpr an MBA ?.......all should note that MBA stands for Master of B***** All

Mel ( former Bus school lecturer)

PS why on earth am I invested in Cyan?

ITT

IF the future has turnover growing by geometric progression ( You can broadly calculate a value on that)

You can also place a value on B/F tax losses created by our ( shareholders) cash contributions over the years.

10.44 brings the hanging tree at Jedburgh to mind.

Mel ( ridiculing 10.44 mode)

ITT

"Tomorrow and tommorrow and tommmorow,

creeps in this pety pace from day to day

and all our yesterdays have lighted fools ........."

WILLIAM SHAKESPEARE

put another way - The AR hoving into view

may allow us to peer through the mist.

Mel ( in misty mode )

HG True.

Meanwhile am up a path in garden.

Mel

Thanks LTI. More fancy tickling. .......which makes 10.whatsit look even worse.

Mel ( All tickled mode )

Dear Harley

I sold out of vog 95% when the drill obvioulsy failed. ( Ouch )

As to Cyan - have lost a bit in the past and since been out/circumspect. However

decided to pitch in at New Year . I like the story/ product and since my grandfather

was Accountant general in Amritzah in Raj times was brought up on positive stories about India.

( although there is a letter in the family from the Army telling my grandpa to get the heckk out in

riot times - he did - just)

I met an indian student in woods near Dalhouse castle. He was of the indian "Trains Family".

He waxed lyrical about the contribution Dalhousie made in building a huge railway network

doing more to make India into a workable economy than anyone else.

Anyway I do stand to lose a bit now if it all goes south but that would help with inheritance tax bill.

Cyan's Omnimesh / smart metering could make a huge contribiution to saving india energy costs .

So part of thereason I am here is rather stupid sentiment.

Dont worry Harley but thanks for your sentiment.

Mel ( in small brain mode )

But there is no rush to buy at current SP. Nellie probably knows why but we do not.

Certainly a chunky EY shareholding would make subsequent bid for Cyan more difficult if not impossible as Cyan relies on EY to install.

Mel ( in truncated mode)

Tony

I Govt must be scrutinizing every move for their new multi millions smart metering. Be daft not to. It needs to be sure services are underwritten by solid capital. Problem may be that Cyan is tiny & maybe does not have the balance sheet to make I gov sure its service provision is built on solid enough base. Hope I am wrong. However if as LTI sugests CY buys a

chunky slice of Cyan shares (10.44 p) then that could be a form of underwriting which might satisfy IG.

CY is not going to lend then let CY collapse if future orders mean it overreaches.

Mel ( in conjecture mode)

If AN other Co was planning a bid.......it would wait until there was an actual offer from EY.

Fingers crossed no offer appears and the mist is just playing for time. AR may reveal the reason for the mist and Nellie.

Mel

Due dilligence on a tiny co does not take this long. With any luck the notion of a possible offer at 10.4p is fadimg away.

With more luck clear growing profits are hoving in justaccross the near horizon

Mel

Well if Cyan can forecast £4m sustainable profits pa then MC shoul be about £60m if a PE of 15 is assumed.

If the probability is for future growth in material measure......then more.

Mel (maybe all cusped up)