Member Info for Inthetin

Hi tonyj

They haven't got much choice really; the report has to land at some point in December. The AIM rules say:

All such reports must be notified without delay and in any event not later than three months after the end of the relevant period (i.e. 31/12/2022).

I'm not expecting any fireworks in 2022/23. Hoping for a little bit of progress to be visible at some point in 2023/24.

GL

ITT

IMO, there's no imminent fundraise, as I can't see that it's required. I think that those days are over - famous last words.

Thanks LTI

Perhaps it's time for Cyan to consider switching from Twitter to Mastodon.

https://www.theguardian.com/media/2022/nov/16/could-this-be-twitter-without-the-toxic-slurry-my-week-on-mastodon

ITT

Hi tonyj

If I was a betting man, I'd say Cyan are going to clean up in India, winning way more than the 20% of the 250M units being suggested. Why wouldn't they?

The tech works, it's quick to install, it's affordable, it's GOI compliant and they have an impressive list of companies that they have partnered with who are more than happy to collaborate with them.

They are currently in the process of adding three accountants to their team in Cambridge. The directors wouldn't be taking this action if they weren't anticipating a substantial amount of work being won and the subsequent paperwork landing in the accounts department.

I wouldn't be surprised if the percentage of units in which Cyan tech will be used isn't totally reversed i.e. an 80% - 20% in our favour.

I wonder what my X% holding would be worth then?

ITT

Plenty of ground to make up - SP is still 40% down on this time last year.

Hi tonyj
So, now they generally just take the current SP, increase that by 100%, see what value that ends up at and then create a Excel spreadsheet to fit.
A pointless exercise (IMO).
ITT

Hi tonyj

Re your 'money has been laid out on stock' comment, I suggest you read something like this:

https://www.amazon.co.uk/Understanding-Interpreting-Accounts-Week-Statements/dp/1473608600

ITT

i.e. the company turns over £3M more and their profitability gets worse.

JC should pay Hardman to stop writing; that would do us all a favour.

Hi jakeandelwood

It's no more than padding; we are all capable of reading what's already out there. If anything, when I look at Hardman's estimates, it concerns me.

* 2023 revenue up by £3M
* 2023 gross profit up by £300K (??)
* 2023 operating expenses up by £500K

ITT

This really isn't worthy of an RNS (IMO).

Let's have some actual figures from the company instead; they are due.

Hi tonyj
I think that they're just making any traders wanting to have a few shares in the bag before the TU is released pay a bit extra. I hope the recent small rise is held onto once the report does come out.
ITT

https://timesofindia.indiatimes.com/business/india-business/how-tata-power-is-bringing-data-ai/ml-to-energy-management/articleshow/95255400.cms

Tata Power are one of Cyan's partners, aren't they?

Hi tonyj
Yes, very much so.
ITT

Hi Jake
Thanks.
I didn't realise that Cyan and Esyasoft were as connected as they appear to want to ram home on pages 12-14 of the presentation.
GL
ITT

https://theceostory.in/cover-story/esyasoft/

https://www.linkedin.com/feed/update/urn:li:activity:6990981073467781121/

Has anyone succeeded in getting into Esyasoft Technology's website? My anti-virus software blocks it and describes it as a 'compromised site'. What's all that about?

Hi tonyj
Sure is. Hope he knows his onions.

Is this him?

https://www.star-capital.com/our-team/paul-gough.html

Hi LTI
I'm hoping that Cyan are involved in Bihar in some capacity.
Cheers
ITT