Member Info for Inthetin

Hi LTI

I don't understand why are you wasting your time trawling through old posts. Just enjoy the rise.

Company valuation just passed £5M (2.7p), next targets:

£10M (5.5p)
£15M (8.2p)
£20M (10.9p)

Considering JC described Cyan as a £200M company years ago, it's got to be achievable, hasn't it?

3p by Friday looks on.

Is 3p by this Friday still on I wonder.

Today's value £4M - down 88% from 10/17.

Hi LTI

Thanks (I think).

Sorry, when I wrote 'still down 83%', I should have written that, if the SP reaches 3p, it would still be down 83% from when it was 18p in October 2017 (i.e not me).

The message was carrying on from one of my earlier ones.

I do believe that this company will get taken over one of these days.

Hi CB

You're probably right but I still think that this could be valued at £5.5M (3p) by this weekend.

Still down 83%.

This company was valued at £33M (18p) in October 2017. Today's value is £4M (90% less).

Hi Seawolf

Harry Berry didn't do too badly either. He picked up £200K (two hundred thousand pounds) in 2017 and in 2018 he received £100K.

The 2018 Annual Report says:-

"The reduced rate of pay resulted in basic salary of £100,000 and a bonus of £50,000. The bonus was to be paid in shares based on revenue of £7 million being achieved for the calendar year ending 31 December 2018. This revenue was not achieved and the bonus was not paid."

That's all well and good (i.e. the £50K bonus) but what was he actually paid £100K for? Wasn't his job to convert the $100K order pipeline into sales? I'd be interested to know how many hours he worked for that £200K and £100K. Not many would be my guess.

Hi tonyj

The bigger holders may well want 50p - £1 but they haven't created/can't create a business to warrant a valuation of £100M - £200M (IMO).

They would be better off selling if/when the opportunity arises, getting back what they can and put it down to experience.

If JC & Co can find someone to buy the company, the return could be OK.

Sell for:-

£5M (2.7p) - 35% increase from today's price
£10M (5.5p) - 175% increase...........................
£15M (8.2p) - 310% increase...........................
£20M (10.9p) - 445% increase.........................

Considering JC described Cyan as a £200M company years ago.................

Hi tonyj

As JC & Co have proved that they can't sell what Cyan has to offer, they should be actively looking for a buyer to get a bit of a return for shareholders.

While a lot of proper companies are in doubt about what to do next, they are accumulating and sitting on cash. Eventually, this cash will start reappearing and maybe someone might think that they can find a use for Cyan's products and cough up £10M - £20M. That's my gamble (i.e. I have no faith in this BoD's ability to make a success of Cyan as a business and don't believe that they will suddenly morph into a BoD that can).

Hi tonyj

My punt is based on the fact that in October 2017, Cyan was valued at £33M (that's 18p per share in today's money) and that the company has probably got a better offering/product now than it had back then.

With the ongoing Covid-19 crisis, we're also at an extremely low point confidence wise too.

I'm hoping someone will take Cyan out for £10M (value of losses to the right buyer) or a bit more (£15M -£20M would be great but unlikely) - that's somewhere between 6p - 10p per share.

Stranger things have happened.

I bought some earlier - thinking that this will eventually become a takeover target.

https://mysore.nic.in/en/covid-19-coronavirus/

Hi tonyj

Furlough limit is £2.5K per month (i.e £30K annually). No good to Cyan employees who all seem to be on £70K+, including the tea lady.

There is a £50K limit that relates to the self-employed but that's of no interest to Cyan.

Hi tonyj

What cuts off at £50K?

Hi tonyj

Even if the current BoD can't make this thing work, someone out there will think that they can.

If the net assets are worth 1.3p per share, the company's losses could be worth 6.5p to the right buyer.

At some point, this will be worth a punt - not thinking that the company will come to anything under the current management but that someone will take it out.

At 1p in month's time could be a decent bet.

There's no point JC saying that sort of thing if the money is going to run out anytime soon.

They had £1.1m in the bank at the end of December, their trade debtors were £2.5m greater than their trade creditors and they'd got an advance on the £0.8m T&D tax credit. That's £4.4m.

They've spent £2m (5 x £400K pm) in 2020 already, which leaves £2.4m.

If they spend £4m+ (10 x £400K) by April 2021, they need sales of £2.5m in the 15 months (01/01/20 to 31/03/21) to fill the hole. Even Cyan can do that, can't it?

"the Directors have a reasonable expectation that the Company and Group can continue to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of this report." (31/03/2020).

So they think that they're OK for cash until at least April 2021. That takes some believing but it's there in black and white.

When an SP is rising or falling, is there a point (percentage-wise) at which the BoD are required to make a statement to the market re the share price movement?