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It's nice to return from Sea to positive CC news but now with the company gaining more & more traction I'm even more confused :
1 - SP should be higher - Certainly North of 50p - tonyj has explained it below as have others on other Bulletin Boards so I shall not repeat.
2 - I expected another UK Smaller / Micro / Nano type Company Fund to have acquired a holding given the potential - Surely this Company is far more worthy of investment than an Unlisted Company which a number of 'Leading' Investments funds have invested in? Technology is proven and there's a requirement for it which is something that Unlisted companies with ridiculous valuations don't have going for it.
3 - With the Company growing in terms of employees / new partners / new orders etc, CC must be in the crosshairs of Multinationals especially in India. If an Offer comes in, must the Board make Shareholders aware? I've been shouted down before with the familiar refrain being that CC is too small with not enough of a footprint to which I have replied and still do - It's proven / there's a demand for it and surely it's best to snap it up for a bargain price as opposed to waiting and paying 5/6/7 times more - which is what will happen when more sizeable orders come rolling in. Perhaps CC has received bids but they were deemed paltry? I don't know.
Having just checked my CC Share purchase history going back 12+ years, I've paid a max price of 74p down to a low of 2.14p - Unfortunately I did not but too many of the shares at 2.14 as I was genuinely worried about the solvency of the Company. Now with my breakeven price being 21p, I'm confident of getting my money back and making a very sizeable profit. Hopefully, all the long term holders of this company will profit as they've had a tough time of it for a long time!
1 of the few positives of being stuck underwater is that there's no internet connectivity - No way I could handle checking the SP/Bulletin Boards every day - I tip my hat to the regular contributors on CC.
Evening CB
Why 2/3/400%? Simple - Cyan's success thus far (Including it still existing which is no mean feat for a Tiddler like this!), proven technology that works and potential sales that run to hundreds of millions. I'm very sceptical of CC getting to £4 as Tonyj mentioned for the simple reason that I believe a T/O would happen long before then should CC gain real tender success (10s of millions) but surely it's in the interest of larger companies to mount takeovers when they don't have comparable Tech and when a SP is priced low?
Given the range of prices that CC shareholders / employees have paid for the shares over the years, I figure it would have to be a significant premium to the current SP.
Afternoon LTI / Tonyj
Like you and a few select others I have been invested in CC for a decade plus now (15 separate Share purchases at prices ranging from 2.25 > 57p - Presently I'm in the Red and need the SP to reach 21p for breakeven which I'm genuinely confident will happen).
I do believe in the Tech and it's commendable that a minnow like CC has survived when you consider the Giants it's going up against and the success it's achieved. Granted, not too long ago I had consigned this Share to the Dustbin as an expensive mistake.
But now that it's gaining traction and has proved it's durability / Fit for Purpose, I'm very confused - why is CC still operating as an Independent Company and not been taken over? I believe the SP is accurate as there have been too many False Dawns and irrational SP predictions but surely CC must be on the radar of a Giant that could quite easily pay a 2/3/400% premium to the SP and take it over in 1 swoop?
With the size of the market and hundreds of millions on offer, surely it's in the interest of the Giants to scope out the tiddlers that have potential and take them out? Granted, CC may not ultimately realise sales of hundreds of millions of dollars but were CC to achieve this success then the Giants would be none too pleased (Those executives focussed on Competitors and M&A would have serious questions to answer). However, I also note that there has not been a great deal of deal-making in this sector which has further confused me given the potential riches on offer.
Maybe the glacially slow pace of the rollout / CV-19 has given companies cause for concern?
Were CC to receive an order in the Tens of millions, it's reasonable to assume that the SP would be 50p + - So why is a Giant not willing to take a Calculated risk now and get the company for say £100m? All in all, that is not a significant sum for a Tech Giant. JC has mentioned before about CC Tech & 'Secret Sauce' when talking about potential takeovers but surely an offer of 2/3/400% would see him hand over the keys? Or maybe an offer(s) has been received and JC believes it was insufficient? I don't know.
Thoughts?
I did average down with a couple of buys circa 4 / 5p tonyj, however, I did not have the Balls / faith in this Share when the SP was sub 2p to purchase any as I honestly feared for the survivability of the Company.
Also, I had purchased shares when I thought the SP had bottomed out and it only continued to fall (Catching a falling knife!)
I'm more confident now in its future & hopefully myself and those long-term holders will be rewarded.
I will not buy any more shares though as I have already put too much into what is still a tiddler. My investments are now more boring (A Maxi ISA every year). Luckily I have kept clear of that clown / fraud Woodford.
Very few postings from me tonyj as I have been stuck underwater on a Sub ( & if I'm being honest, I had written off the tens of thousands that I had put in here). Hopefully the patience of the very long suffering Shareholders will be rewarded as you and others have had to put up with quite a few barbs for your belief in this share.
I'm 1 of those Long Term CC Shareholders having been invested for 11 years now & bought shares in 14 different tranches (Definitely a case of trying to catch a falling knife!). My biggest fear was that CC would go into administration (or something to that effect) has been greatly reduced over the last 24 hrs. I need a breakeven price of 12.75p which is still a heck of a long way off but I'm more hopeful now of this company coming Good & my realising a profit. The tech obviously works, is gaining increasing traction in India & may very well be on the radar of a major Tech player. I could be hopelessly wrong but I believe that there is a far greater chance that CC would get taken over before it got close to being worth £100m let alone £200m. JC talked some time ago of the Tech being the 'Secret Sauce', I guess we'll see if others view the Tech as being that compelling / worth buying outright which in turn would test the metal of the Board in that how much do they think it is worth? They do have 'Skin in the Game' after all so it depends on how much they feel their efforts are worth. Breaking even would be good enough for me honestly at this stage. I did have multi-bagger dreams many years ago. Now, break even would be a Win!
Be Careful kd (& All others) as I have been invested in this for nearly 10 years now and am sitting on a significant loss.
This rise is welcome but I need this to get to 24p to be in the black and I suspect that some of the other long term holders are in the same situation despite averaging down through multiple buys.
The potential is HUGE which is why I & others got in here in the first place but there has been so many false dawns / false promises that I am undecided if this Company will be a roaring success or implode.
I remain invested despite my misgivings, however, this is far from a Sure Thing.
It's a cliché but only invest what you can afford to lose (Especially in this share).
There are some learned posters on this BB who have made some telling contributions so have a read and decide for yourself. Were I in your shoes now, I would hold off & see what other announcements come out.
Should large orders come in then there's plenty of opportunities to make serious money, even if you get in at 15p+(Provided it actually reaches that level again).
Tread carefully.
Thanks Colourbounce for your Postings / Words from CC.
Whilst I am dismayed by what has happened to the SP over the past 9 years & my losses, between yesterday and today I have put another 5K into this which has reduced my average down. Hopefully contracts will materialise before XMAS which will proper this North of 10p and next year we can look forward to a happier / more solid outlook.
Why have no CYAN Staff / Directors purchased shares if they are still confident of Order coming in?
It would certainly give me reassurance to see a Buy, even were it just a 20 K buy.
12 separate Share purchases over 10 years totalling 85K and I am down 94%.
That does not include the Travel / Hotel costs for 4 separate AGMs.
What a complete Sucker / gullible Fool I am! Putting so much money into a Tiddler like this.
I have zero confidence that I will get to Break Even. ZERO!
If I can get out with only losing 50% of my money I will be delighted. However, that is a pipe dream at this stage.
Only a moron would invest in this company. JC has zero credibility in my eyes.
I will stay invested in the hope that I may recoup some of my losses even though the odds are stacked against me.
The only saving grace is that I am not desperate for the money but it is still maddening.
With the present SP I am now down 90% on a 75K investment & that does not include the cost of attending 4 AGMs : Bugger!
I've only myself to blame having put too much into a 'Tiddler' like this & greedily hoping for a return of many multiples of what I put in.
The only sensible decision I have made with this Share has been not too invest in the past 15 months.
I won't sell up though as maybe, just maybe there will be a SP recovery on substantial orders & my losses will not be so severe. The only saving grace for me is that I'm not desperate for the money.
If JC or any of CYANs Top Brass is reading this, you can instil some confidence in long time holders by purchasing a large chunk of shares & forsaking some of your salaries.
You are absolutely spot on Woolworth!
I've been invested in CC for 10 years so I can definitely be classified as a Long Term Holder.
I have paid between 57p > 14p a Share & I need this to get to 34p to be in the black (Last purchase 15+ months ago). I have already put far too much into this Company so I for 1 will not invest any more money (However, I will not be selling either).
Tonyj - You need to be mindful that there are plenty on here who have been badly burned with this Share & there have been too many false dawns. Maybe 2019 will be a breakout year for CC & it will multibag, however, I was thinking the same thing in 2012 / 2013 / 2014 etc.
I’ve little faith that this can continue to operate tbh meaning that my investment of almost 70 K is down the toilet. That does not include the cost of attending AGMs. My fault for putting so much into a tiddler like this & chasing riches.
Given the monthly operating costs & their bank balance they must get more funds but who in their right mind is going to invest in this?
Buy at the bottom tonyj? Of the 12 different CYAN Share purchases I have made, around half of them was when I thought the SP had reached its bottom, however, it continued to reach new lows with me now nursing a 75% loss overall. Attending 4 CYAN AGMs & reading different CYAN Threads had made me confident in putting a significant sum into here but I am now angry at myself for putting so much into a tiddler like this.
I will not be adding to my holdings here but I will not be selling either. I have been invested here for nearly 8 years so another few years will do no harm and thankfully if this does go 'Belly Up' I will not be screwed financially.
Where will this be in a few years?
Folded? 0.795, 7.95 or 77.95? I don't know but if some of contract orders had another 1 or 2 zeros then I'd be a heck of a lot more upbeat.
Hopefully Tonyj your enthusiasm & the patience of long suffering shareholders will be repaid by upward momentum in the SP going forward .
Throughout my 8 years in CC there have been many false dawns & disappointments. Maybe. just maybe, this can be the start of something that finally rewards those who have been long term share holders. Funding for the next 18 months that somehow does not cause further share dilution & another sizeable win in the next 3 months would provide some real impetus.
Personally, I need this to get to 43 p in order to break even & I genuinely believe this will happen by Q2 2019 as CC has some real traction in India and orders worth tens / hundreds of millions will be awarded in 2019, CC will surely be awarded some of these.
Though I have been sorely tempted to sell my sizeable holding at a loss, I'm glad I'm still in here as the potential here is staggering.
Hi Multi I'm not expecting anything special at the AGM save for JC to express his frustration at the glacial progress of the Tender Roll Outs & Orders. What's encouraging for me is that no other Companies seem to be getting traction yet CC is (Granted, small Orders but at least it keeps our Brand visible). I still think it's 50/50 if CC becomes a roaring success or not which is better odds than a lot of AIM companies with multibagger potential.
I don't doubt for 1 moment that JC is holding out for a higher figure than the 50p I mentioned considering the length of time that he has been involved, his Share purchases etc. At the last AGM he did answer a question ref the possibility of a T/O and he talked about any prospective Purchaser having to pay up for the 'Secret Sauce' ie the Technology. I've zero idea if Companies are circling CC, if they are now more interested given the SP. Only JC really knows I guess.
Yeah I'm going - This will be AGM No 4 for me.
tonyj - Who are 'Your Friends' that are talking about the possibility of a T/O? At this stage & after over 8 years with this Share I would be absolutely delighted if an offer was made @ 50p a Share. I'd get my original investment back along with a small profit.
I've been in CYAN for just under 9 years now, have bought on 13 separate occasions resulting in my average being @ 37p. I've yet to sell a share as I believe in the technology & should a game-changing order come in then I don't want to miss out on the rebound. Should my Shares become worthless I'm not going to be on the bread-line but it would be maddening having attended AGMs and swallowed the hype. I'm Also furious at past remuneration practices as I have mentioned in E-Mails to the Company.