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Q 1......How long does it take to organise a Q&A?
The reason this needs confirming at the Q&A. The Gross Margin drop to 36% led to Operating Loss over 3 TIMES higher than 2022. This is the reason you can buy in at under 9p. Currently, the higher the YE revenue, the higher the YE loss. That Gross margin % figure simply doesn't work with JC's business model, simples.
It's half where it was, and falling fast. I won't waste my time looking for the next trapdoor. I've no questions that this board will allow past filter . Check the largest % revenue through YE 2023, India are pathetic on the scale and I fear that is their ongoing game.
Just ONE question for the joke Q&A tonyj.
Is the 2023/24 Gross margin going to be stated above or below 36%. They won't answer it, they wouldn't dare even entertain it being asked.
Forget the JC nonsense on the £ per million unit revenue, that is long, long gone.
Major commercial action was the threat after the last election 5 years ago. Yes, this years election is holding things back, but this is India. The election will pass, contracts will roll forward, prices and supplier margins will be squeezed time and time again. You never know, one ot two larger corporations might make some money sometime.
The primary CC mouthpiece here has conceded another placing is due.
It will be sold as a 'growth' fund raise. For context, the last one in November 23 was at 10p, before that was January 23 at 17p.
Not sure where the growth bit comes in, these have both been survival based, as has every placing before. Simple fact, £16 odd million revenue does not cover costs with the Gross margin they now land on. All staff appear to have share options, free BUPA and decent pension provision, it's almost like they are working for a proper company!
It can only be the falling margins. Hitting revenue expectations won't cut it with the huge overheads now in place.
Today, we have made the incredibly difficult decision to cancel Middle East Energy 2024 in its entirety. Please check the website for a full statement later today. Visitors, exhibitors and contractors should not make their way to the venue at this time.
I'm guessing team CC have been there all week anyway.
Someone call the Matron.
'But I still believe that John was correct to highlight the situation, via his blog, to share-holders.'
The fact you never saw it makes this comment a joke in itself.
We are excited to announce that CyanConnode is the Silver Sponsor of The Middle East Energy Leadership Summit.
The assumption by some on here, that CC will land massive orders after every trade fair, goes back many years. JC will be mighty proud reading this utter garbage.
Well done to all concerned.
Maybe a Cyanconnode BB isn't for you gizmo? I get what you are saying, and JC himself has pretty much said it.
The boat is sailing, and CC appear to have lost their ticket.
Check CC Bangladesh history. It takes the Crown in the companies string of failed 'contracts'.
Ooooh, I wouldn't have put that on here gizmo.
The good people of Dubai will hopefully enjoy the CC Comedy Club.
Suggests he might find a region that thinks they understand WTF he is on about.
Fact is it was the CEO that started the rumours.
It was a deliberate act, and we will find out why in the YE report.
Thanks for the info jake. As ITT says, it appears a proper moan based reaction to what is clearly going on now. Gross % margin is collapsing year on year, and with the recent high additional costs the Net figure will almost certainly look ugly as hell. JC will have seen this figure around the time he started this weird attempt to 'spark a dialogue'. This company has gone through some very odd phases, always led by the company itself. This one I feel takes some beating, but I'm sure they will manage it.
Welcoming the New Year with hope and joy as we celebrate #GudiPadwa, #Ugadi, #ChetiChand and onset of #ChaitraNavratri. May these auspicious occasions mark the beginning of prosperity, happiness, and success for all. CyanConnode wishes everyone a vibrant and prosperous year ahead!
Well done to all concerned : ))