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Hi tonyj
I'm not getting excited - far from it.
It's frustrating being a Cyan shareholder on here, attempting to make valid points now and again, only to be drowned out by a couple of long-term scammers (who I don't believe hold a single share between them).
We don't need the whole effing article copied & pasted again, we can read.
It's the bit that says "there is a concerning trend towards priortizing lower upfront costs over quality and long-term reliability has surfaced" that is being discussed.
Has that trend actually surfaced or not?
If so, let's have an actual example.
If not, why is he calling it a trend?
Cyan shareholders should be given an explanation by John Cronin (Executive Chairman of the company) why he said "there is a concerning trend towards priortizing lower upfront costs over quality and long-term reliability has surfaced."
Is this a statement of fact? If so, where is his evidence that this trend has surfaced?
If he can't back it up with some facts, why did he say it?
"With Advanced Metering Infrastructure Service Providers ( AMISP's ) vying for contracts, a concerning trend towards priortizing lower upfront costs over quality and long-term reliability has surfaced."
He needs to explain to Cyan shareholders what this statement of his is based on.
Where is his evidence that this trend has surfaced?
The company's executive chairman (JC) needs to explain to shareholders why he released his SP damaging article on 15/03/2024. Since its release (3 weeks ago), the SP has dropped 25% (yes, 25%).
I have my suspicions as to why he did but will keep them to myself.
Zeus don't know what's going to happen over the coming quarters. Their GUESS is no better than anyone else's.
All we know for sure is that Heather needs to get the accounts for the Y/E 31/03/2024 prepared and released by 30/09/2024.
I'm anticipating another six months of nothing on the news front. Let's see who gets closest - Zeus or me.
Hi tonyj
""CyanConnode provides end-to-end communications modules and platforms that connect smart meters to a utility's billing system. THE COMPANY IS A MARKET LEADER IN INDIA."
If that statement is anywhere near the truth, WTF is the share price doing at 8p and thereby the company's market cap at £25m?
It had a market cap of £65m back in late 2021, you know, when some family members cashed in. What great timing. Boy, do I wish that I'd had that 'foresight' and done the same thing and moved on.
Zeus says:-
"CyanConnode provides end-to-end communications modules and platforms that connect smart meters to a utility's billing system. The company is a market leader in India."
How come Zeus is comfortable saying this yet Cyan never, ever gets a mention in Investor's Chronicle, Shares Magazine or anywhere else for that matter?
If Cyan is a market leader, why won't those publications touch them with a barge pole?
There has to be a reason and I'd really like to know what it is. I guess that I'll have to ask them. I'll let you know what they say.
ITT
Perhaps the India elections can be blamed for the lack of Cyan news from there but what about the RoW ?
Zilch from anywhere else in the world in the last 6 months is totally ridiculous/unacceptable for the self-proclaimed world leader in narrowband RF mesh networks. What do they do all day?
Hi LTI
Thank you for alerting us to that.
Per Zeus:-
"Worst price performance: CyanConnode (-27%) did not have any new(s?) flow in the month and their shares remained illiquid."
IMO, if the business does start growing, the BoD should explore the possibility of Cyan listing on a market outside of London.
London's extremely poor performance can't be explained away as being part of the normal cycle - it's effed.
The BoD have a duty of care. Failure to uphold the duty of care may result in legal action by shareholders or clients.
Along with the duty of care, the other main fiduciary duty is the duty of loyalty; the duty of loyalty seeks to prevent directors from acting against the best interests of the company.
If you buy now, you're getting a 10% discount to the November 10p raise.
The fact that some of the November in crowd got their shares for 7p plus the 15p warrants thrown in for good measure is by the by. That's life.