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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.
Thanks Vas.
The link should be:-
https://drive.google.com/file/d/1Wt5rSCX66AC6epyhLYGR9SdjfpijCVJF/view
Cheers
ITT
Genus & HPL started winning their contracts in July 2023, which is more than 6 months ago.
Therefore, the prediction that "the process could take up to six months" was wrong. No surprise there - it was never going to that straightforward.
What's the next guess going to be? 12 months? 18 months? 24 months before subbies get to hear?
If it was the company that included the "up to six months" prediction in one of its presentations, perhaps they should update the market with their latest thinking (for what it's worth).
GL
ITT