Member Info for Inthetin

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?

Why not be consistent and stick to the same reporting dates when it comes to their estimates? It's fudge after fudge.

What's wrong with a bit of honesty/transparency?

When I say 'they', I mean Zeus.

Am I correct in saying that they have shifted their reporting dates from say 31/03/2024 & 31/03/2025 to 31/12/2024 & 31/12/2025?

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.

Hi tonyj

For Cyan to be EIS qualifying (for November 2023's fundraise), it had to be SEEN as an investment with a serious element of risk, otherwise HMRC would not have signed it off and the 'money' wouldn't have received their 30% tax incentive.

There would have been questions asked by HMRC if suddenly news had started flowing in with orders from here, there and everywhere.

IMO, 'THEY' know/knew exactly when the brakes were going to be let off, which is why the 10p fundraise and 15p warrant giveaways were rushed through. A reasonable amount of time needed to pass before the 'growth' could start happening, otherwise it would look too obvious. It's all being choreographed.

The co can say what it likes - it doesn't really care if the SP goes up or down (probably prefers it to go down) because the volatility helps to emphasise what a risky investment it was, should HMRC take a peek.

It's a game - you've either got to play along or give up.

IMO, you may well get your 50p before May'25 is out.

GL

ITT

"Solid State directors are pleased to report a record year in FY24 with a strong trading performance towards the end of the year. Revenues and adjusted profit before tax* are expected to be ahead of consensus expectations."

However:

"The Systems division has had an exceptionally strong year, with revenues approximately 80% ahead of prior year, due mainly to high demand from customers in the security and defence sectors." (i.e. nothing to do with Cyan).

Hi jakeandelwood

I think that the Y/E 31/03/2024 figures will be OK. It's the 2025's that I am becoming more concerned about.

Hopefully, the silence will be broken in April and we'll get a clearer picture of what is actually going on.

Still relatively hopeful long term but who knows.

GL

ITT

The 'We are hiring' BS was 12 months ago and the figure was 65.

When this lot say 'hiring', they don't mean employing, they mean using the services of subcontractors - who can be dumped as quick as they picked them up.

I wonder how downbeat 'Mr Tremendously Upbeat' is currently feeling. He'll be getting the chop at this rate.

Don't tell me, Bihar and Secure Meters Ltd is nothing to do with Cyan.

https://www.constructionworld.in/energy-infrastructure/power-and-renewable-energy/bihar-pioneers-smart-meter-revolution/52657

I'm pretty sure Cyan was fiddling around doing something in Bihar at one stage (with Genus) or did I imagine that?

https://www.***************************/uk-smaller-companies-investment-opportunities-with-gervais-williams-video/4121134603

Hi Vas

GW did a presentation on 29/11/2023 and this is from the same day i.e. him selling 200,000 shares:-

https://www.lse.co.uk/rns/CYAN/holdings-in-company-9wqrxvof0kacj2k.html

You can't possibly have missed this.

ITT

I read JC's statement as him seeing Cyan's 'projected' 25% share of the market evaporating i.e. nothing to do with the 75% that you are referring to.

We're probably heading back to the 5%-7% share that was originally being dreamt about.

The meaning of a couple of words taken from JC's sentence:-

Concerning - causing anxiety; worrying.

Trend - a general direction in which something is developing or changing.

JC's words, not yours, mine or anyone else's.

What is he up to?

As there is no cash call coming, perhaps there is a cheap take out on the horizon.

As I said at the time, the 15p warrants are a red herring - they'll never be taken up.

Would you like me to provide you with the meaning of these two words?

*Untrustworthy

*Devious

Couldn't agree more.

JC is clearly suggesting that those offering lower upfront costs are winning the business. If that is true, he should supply some examples of who the winners are and also explain to Cyan shareholders what they (BoD) are intending to do about it to get this show back on the road.

JC is totally responsible for today's drop in the SP.

Hi LTI

You say:-

"At the moment circa 109m smart meters have been Awarded, with circa 94m installed, of which we understand CyanConnode has circa 25% of the meters installed, with CyanConnode Omnimesh inside."

Is this correct?

On 12/02/2024, Zeus said:-

"It (Cyan) has the largest installed base of meters (1.2m, 25% share) in the market with an order book of more than 3.6m modules across ten Indian States."

Do Cyan have 1.2m installed in India as per Zeus or 23.5m installed (94m x 25%) as per you? There is quite a discrepancy.

Hi CB

Thanks very much for that.

I have located his piece now (dated 15/03/2024). I'll have a read later.

Enjoy the game later and thanks again.

Cheers

ITT

Hi CB

Thanks. Where did you get that nugget from?

Cheers

ITT