Member Info for Bordersman

Nope. School 3rds XV. and 2cnd XV Melrose. Then he was easy to knock over. Bill was no star until, after glandular fever, he joined Heriots FP , then you could only tackle him if he slowed down...which he seldom did.

Mel ( In old history mode)

Banbury. I am an expert at being wrong. Hope I am wrong.
On the other hand let us speculate that the markets take a dive in the next 6 months.
Waiting for Divi in CNE should be a very good place to be.......and if the markets rise - still a good place to be. Either way CNE should be in a good place to pick up cheap earning assets.
Can anyone tell me why the change of name ??

Mel ( in great wisdom mode )

Maisy we both know that we were led to believe last drills would be capped at £42M cost and the £75M cost - not wholly successful ( and continuing lack of clarity as to results/added reserves ) meant VOG nearly was no more. Ouch!
Mel

Hi Maisydaisy.

Capricorn Energy ( Formerly Cairn ) $1Billion from Indian Govt tax refund imminent.
Mkt Cap not far from total expected cash. ( Guess is rest value £.6M -.8M ) Difficult to know how to value non cash earning and new egyptian assets until co comes up with a plan.

Cam govt is v. unenthusiastic about exporting energy assets. Gas exports by VOG = access to reliable customers . Wont happen soon.

Mel ( In not in Vog mode)
PS only posting as should be doing tax return

I gave up on VOG some time ago. I did not learn from Foxdilution. However some may want to note that VOG is cash poor, Its past drilling cost control/success rate is shocking , it is still landlocked and it is path to future gas sales is unclear/ speculative . Could a spike once again preceed a cash raise. Whatever else is true - be wary.
Mel

Good luck with yr optimism. The only way I can see rising sp is when it is possible to export gas.
I do not see that coming.
Mel

India!
Mel

Volume is good - but SMS has enjoyed an 800% rise in SP in last 5 years. - While SMS appears to be about smart meter installation, it would be sensible if all that Low Frq omnimesh signals through concrete internet of things research , could have led to £'s for Cyan in UK and other western economies. Norway ( pop 3-4M) is unlikely to generate lots of Turnover for Cyan

Surely am missing something and look forward to be shot down. It is also odd that if SM Roll out in India can lead to 10-20% reduction in wasted energy ( & carbon footprint ) that traction in India has been so slow.

This is probably a stupid question. Why is Cyan not appropriate in Western economies ?

Tonyj
2-3 years back this board included commentary about the competition. Not now.
So it is difficult to get a feel for the % of the India Smart meter rollout Cyan could bag.
India wont put all their eggs in one basket and post COP China or The US could do some
rug pulling with a monster subsidy on something better than Cyan. That of course could be nonsense . Nevertheless I have no idea what the competition is up to / or got to . If I / we did we could form a better view on market share for Cyan and do the numbers. Pedro's projected SP could be hugely under or overly optimistic.

Retired Banker
I dont see how Cyan can avoid increasing spend. While future profitability looks as if it is on the way soon and cash income is markedly improved....this growing company will need to shore up its balance sheet until income is considerably higher. Income could grow by geometric progression over the next 2-3 years. So , if so, further diluting share issues should not be of great concern. However I have not got a good handle on the competitive position Cyan is in or which competitor may have a competitive advantage. If Cyan is not in top 4 in the competition, Cyan could become sideshow. On balance I am confident taking a 3 year view.
In 3 years either zilch or £2-3/ share. I am still sitting on losses and will wait.

Going to be very ill if our XV fails to turn over bokkies.

LT

so why do the FD and Chairman not speak slowly in plain acronym free english ?

I ran a company reliant upon export letters of credit so I take your point. It is equally true that if u grow a co the bodies and fixed o/heads grow. Growing cash balance just from profits isnt easy and maintenance wont happen without some well paid bodies. Still reckon it needs a dilution issue .

And blockchainer......ran a mile when Vog spent 74 m on a dodgy results drill.

Or put another way......Cyan may be on the cusp of astonishing growth.......or could be nudged aside. I certainly dont have a handle on the likelihoods. Cyan does not have a balance sheet which can stand up to much stress so being taken out seems the most likely if it really is in top 3 in this market.
Someone could spell out why Cyan has near zero traction in Western economies. I have small brain and dont understand why.
This board could do with more commentary on Cyan's competition .

LT
If the US or China pay poor countries to get their more expensive smart meters in place ......or if better tech emerges? Hope not.

LT
About 3 years ago I researched Cyan. Lots of things I had not understood became clear.
I know what the acronyms / advantage of Low frequency / ability to take readings through impenetrable concrete/ omnimesh etc all mean. I would bet that most dont . I still dont have a handle on whether Cyan's product is "stealable" or how competitive are Cyan's competitors........or indeed whether the Russians are going to sneek up with even better technology. I do know that building a larger company means a larger balance sheet ( More finance/cash than can be provided solely by profits ) and so dont believe there will not be yet more dilution.
If Cyan is half as successful as seems likely more dilution is nothing to fear.

LT
If CYAN "spoke Anglo saxon " rather than acronyms and better explained ( In anglo saxon) to those unfamiliar with the attractions of Low Frequency in data transmission and The Internet of Things , highlighted the fact that Utilities will burn less carbon once they derive the benefits of smart metering .....and nailed Cyan's competitive advantages in plain language ....... then maybe we get to Pedro's overcooked SP projection quicker.

Cyan wont be a market darling until it better and more simply explains what it does , why it does it and why it has competitive advantages.

Odd that CYAN is not making more of its contribution to lowering utilities future carbon footprints.

Assuming the new DCF value is achieved .... SP would be 37P
DCF value projections are rarely achieved. 40P by Christmas . . unlikely.