Member Info for Inthetin

Hi tonyj
Hope you've had a good Christmas.
How can asking for confirmation of figures quoted by Executive Chairman and CFO be labelled as negative?
I'm expecting the projections that they have made to be spot on - there's no reason to believe anything other.
I am also expecting 2023 to be a decent year CC SP-wise, which is why I have continued to buy, right up until the end of December. In fact, I don't think that I've ever sold a single CC share.
Couldn't help finishing with this. I hope that it brings back fond memories:-
https://www.youtube.com/watch?v=XtCoHm6H8hA
Wishing you a happy & healthy 2023.
ITT

Hi tonyj
There was me thinking that my post was positive.
The company Shares Magazine were talking about has lost 63.8%. We're flying in comparison by losing only 50% of our value.
I am 'supportive' in my own way. I have bought more on the last two Wednesdays (quite a few last week) and a few during the first week of December to boot. So, in a way, I am helping to prop up the SP, while we wait for news.
The reason I'm buying is because I think that there's a chance that the SP might get to 30p - 40p with a bit of a tailwind within the next 12-18 months but what do I know.
Have a great Christmas and a happy & healthy 2023.
Cheers
ITT

Paragraph from today's Shares Magazine, summarising their tips for 2022. Glad it's not only us.

"We suffered from the market rotation away from growth to value, meaning that stocks like ******, which was on 40 times forecast earnings when we pitched it, were no longer in fashion. For the first time in many years, investors were no longer willing to pay a high multiple of earnings to own growth stocks that promised ‘jam tomorrow’. "

ITT

Thanks.
Yes, a tenth of that would have been amazing but no.
Happy Christmas punters - back in 2023 for more of the same.
Cheers
ITT

Hi jakeandelwood

As we know, that news has come and gone with no market reaction whatsoever.

As tonyj suggested, perhaps JC should release an RNS on 02/01/2023 confirming exactly how much revenue was actually achieved in quarter 3.

For all the positive noises made by the company during 2022, the fact is my investment is worth 50% of what it was this time last year. I'm certainly not chuffed about that.

I now need a 100% increase in the SP to get me back to where I was in December 2021.

Will that ever happen? I'm not yet convinced.

Hi tonyj

We're not talking about units, we're talking about £ sterling.

You can't say on the 14/12/2022 that you're EXPECTING to receive £3.9m between 01/10/2022 and 31/12/2022 and then not back that statement up with what has actually been received after 75 of those 92 days have actually passed.

JC said this quarter, not me.

Hi tonyj

It's not a case of lightening up a bit. There are too many IF's, SHOULD's and EXPECT's flying around again for my liking.

We are a week away from office's closing down until the New Year. If they haven't received the bulk of the EXPECTED £3.9m of revenue by now, they're not going to.

If they have, great but, IMO, they need to let the market know.

Cheers

ITT

As they can release RNSs for all sorts of nonsense, how about them releasing an RNS letting the market know how much revenue they have achieved from 01/10/2022 to date.

We are only days away from the end of the quarter in which JC said yesterday that they were going to achieve sales of at least £3.9m.

Not sure that the market is just going to take his word for it.

"IF revenues can be significantly increased, then CyanConnode SHOULD be able to achieve profitability. FURTHER CONTRACT WINS WILL BE REQUIRED, THOUGH."

https://ukinvestormagazine.co.uk/cyanconnode-hopes-for-strong-second-half/

"CyanConnode Holdings PLC - gold miner with operations in Armenia and assets in Kyrgyzstan" - great coverage under 'Cyan Share News'.

Can't help but feel that was an hour of my life wasted. Never mind.

Just had a little nibble before the presentation kicks off @ 13.177p.

As things are so rosy, going forward, perhaps JC could commit (and stick to) to reporting revenue figures to the market every quarter, starting in January 2023.

Then shareholders can see if revenue in the Q/E 31/12/2022 was in fact "at least three times higher than the first six months."

Perhaps the maths are too difficult though. After all, they've only got four accountants at their disposal working night & day totting up £1.3m for six months.

Ridiculous.

The way Cyan does business, it's probably paid out £1m for stock to create sales of £100K.

When it comes to negotiating deals, Cyan has no clout whatsoever. It has to take whatever it's offered and buyers can choose to pay over as long a period as they fancy.

IMO, to refer to a £1 billion opportunity in this report when you've just reported 6 months sales of £1.3m is nothing but delusional.

Hi jakeandelwood

As Cyan doesn't report quarterly, we'll probably never get to know the Q3 revenue figure (i.e. they can say what they like).

To hit market expectations, revenue needs to be £11.2m in the H2 of 2022/2023 - no chance IMO.

Revenue of £1.3m for the first 6 months - WTF.

What are they doing all day?

Hi tonyj

Are you implying that a buyout is possibly on the cards?

ITT

https://www.knocksense.com/indore/mp-discom-to-install-more-smart-digital-meters-in-indore-to-ensure-zero-power-theft

Guessing it's nothing to do with us?

Installations to commence on 15/12/22.