The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
2.5p to buy.........quickly get in!!!! :)
Poor souls.....all of you who are still in this.
Caught me red-handed CB! :)
Good job you still have your eyes open - hence all your goodwill of warning the new and naive ^.^
Ha,
Popping in first time in God knows how long, and what's the first top post I see?
ITT, harping about JC 500k salary! ;) From 2017!!!!
Good to know nothing's changed here ;)
Good luck everyone ;)
...at all after all of those years.
It's what they don't say. Slowdown in liquibad which has been "offset" by other growth....not fully offset.
Besides they also point out that last year period sales were ENHANCED by competitor supply issues....that essentially means the drop is bigger than expected.
Also the group is trading within BOARD's expectations for a full year. They always say that...yes. But board's expectations adjust throughout the year....market's don't.
that simply means they will probabbly be below expectations this year....and just preparing the ground.
there is nothing positive in that statement. It's going to hurt for the time being.
Tony - when did you sell Centrica for that price out of curiosity?
No wait........don't answer - just look there:
https://www.fool.com/investing/2018/08/12/intels-internet-of-things-business-was-outstanding.aspx
for TLDR: Intels IOT business segment...which is only relatively new to everything else generated $880 MILLION in revenue last year - growing 75% YoY with gross margins of about 63% ^.^
Oh and let's not forget that business segment with it's $880 million revenue constitutes.........wait for it..........whole 5.4% of Intel's revenue - yes - FIVE percent :)
I'm not going to mention semiconductor fabs, nanometer process technology ownership, etc etc, as it'll obviously blow some minds.
Let me put this straight........CyanConnode........Smart Meter IOT company...........equivalent to INTEL!!!
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHHAHAHAAHAH! :)
Yes, I no longer hold any shares in Cyan,
But this one I can't resist - Tony............INTEL?
Do you know ANYTHING about what Intel does apart from the tiny business of their chips being in just about every PC in the world? ^.^
Equivalent to Intel.....my dear God.
Oh CB....I'm not gonna go down to your level ever again, and the only really bad smell in the room is coming from your direction. Most days at least. At least I have the spine to disclose my transactions / and swallow the loss CB....you were never even remotely close to transparency on any of your imagination fueled statements over the years.
For the complete disclosure, I lost over 90% of my investment here which amounts to six figures....and if the implementation delays keep appearing for whatever reason.........then yes, I will try to buy at much lower price - that's only if.........because WTF not? The smart meters will take off eventually, Cyan has great product, but after few weeks deliberation what did it for me was that the company never responded to my queries regarding selling the tech to China.
No clarification, no confirmation of whether it's restricted by meter numbers or anything else. Just stony silence...and I have sent emails on 3 different occasions.
Previously, over the years I have ALWAYS received a response - wasn't always happy about it but I did get it. Not this time. That made a difference for me, between "writing it off" and waiting for "maybe"........and salvaging what's left.
Regardless, I'm not going to presume what's gonna happen, or rather when it's going to happen.......but in the meantime if it keeps dropping, I will buy back again.
If it doesn't then good luck to everyone, and hopefully your patience, which ultimately proven bigger than mine, be handsomely rewarded.
Wish everyone all the best.
Will not bash the company - but I have to say that I just lost faith in this.
MIGHT buy again....at half the price that I sold (7p) but I no longer see this....breaking even. Might as well put the leftovers to work on indexes.
Take care guys. All of you.
Hi Lti,
It does make me wonder you're right. If 5 million buy doesn't move it an inch, yet £15k does it's curious.
Nothing to do with the FTSE really - the FTSE went through the floor October ---> January yet CC was glued to 7 / 8 pence until news / trading update.
Main Market indexes don't really move piddlers like Cyan much. Especially if they are already down (unless there is some really exceptional circumstances causing world wide crash).
Well, investors have bought grand total of circe £15k worth of shares today.
That's bound to move the share price north!!!!
Not like that stupid 5 million buy few days ago ;)))
Hi Vas,
I'm invested in Cyan and reading BB :P
Well....not exactly new - but I take offence at being called "old" ;)))
Hi LTI,
Thanks for your reply. That's obvious - however, I've had issues with the license RNS wording and clarity. I haven't asked about any specifics or numbers around the license deal.
My concern was (and plainly put to the company) - is there any limitation with regard to quantity of the meters that is allowed to be produced under the $4m license deal or not. Not how many, not how much per meter. Only is there ANY.
In other words - have they flogged the complete rights to the tech without any limitation for one-off $4m revenue bump, relinquishing any control in terms of what's being done with it afterwards.
To date I haven't received any clear response to this question - and have to admit it almost made me sell all of my shares in the last few weeks.
Because if that's what happen - they are utterly and completely misleading in their statements, borderline fraudulent. I could tell the RNS has been worded EXTREMELY carefully even for CC, hence my concern around this.
To be fair, it has diminished after they disclosed larger revenue numbers WITHOUT any inclusion from the chinese deal, but still the question is unanswered, and that currently bothers me more than anything with CC.
Thanks very much for a summary,
Is there any presentation or video to be watched from the event?
Can you elaborate on China please? I've had my concerns about the selling of the tech as well - which were exacerbated further by the fact that I've asked the company direct question about the number of meters under the agreement, or any restrictions regarding quantity of meters to be produced for those 4m USD. I never got an answer.
Also - Chem - were you there as well, as you have previously indicated? Would be very interesting to hear your input as well.
Hi Bambas,
To be fair, I'm not entirely sure - I have seen quite a few situations when buy price was equal to sell price. However I've only seen a handful over the years where you can actually buy cheaper than sell.
My guess (and keyword being "guess") is that it has to do with balancing the books between various brokers via market makers. You might have a broker with large sell order at certain price which is below "buy" price at another broker - balancing (and price adjustments) by MM's is obviously done dynamically and on automated basis - however it's all done in "queues" - i.e. instruments with lots of liquidity occupy much higher priority than those without - so for any given financial instrument it may vary in frequency (per day / minute / second etc).
For example, Apple shares are being balanced hundreds if not thousands of times per second due to liquidity and number of trades - they need to be otherwise people would loose money very quickly due to algorithmic high-frequency trading. That's in essence what scalping does and hence it's a legal grey area and "banned" by most brokers.
On the other hand obscure instruments like Cyan (or any other AIM company for example) are much lower "in the queue" or the processing power required to balance trades (because of almost no liquidity). Hence you might have a situation where a large order has been places but for seconds (maybe minutes) the adjustment on the other side hasn't been made yet. Normally in situation like that the instrument would be frozen and went into what we call "auction" for a short moment when adjustment is made - but it probably doesn't always happen. We all live in a computer controlled digital world, but even then with 1000's of instruments and billions of trades, priorities and compromises have to be made.
That's my take on it, hope it makes a bit of sense. And as I said - this my only semi-educated guess, so please take it with bucket of salt :)
Or maybe, If they really expect the revenue to markedly increase for this year and bring them to "no-more-funding-needed" scenario, they might stop announcing every single order via RNS - like most companies which no longer rely on fundraising do?
Yeah yeah I know.
Jakel,
know assumption makes an &ss..etc...
But TNEB tender (yes I remember very much) was a different animal and was anything but given.
Connode was bought with UK contract being in place already - not the dates, so forgive me if I don't see analogy.
It definitely wasn't a "potential" contract - it was / is a given, and I'm pretty sure was a criteria upon which Connode's price was decided. Potential are only numbers with minimum floor of £25 million and POTENTIALLY going up from there.
To be fair this time around I really don't see what people are bitching about - we got £4.7 milion revenue WITHOUT a penny of chinese deal which is another £3.1 - if they decided (decision reasons / auditors etc notwithstanding) to include it all, that's £7.8 million revenue which coincidentally is around $10 million. If that's not progress than what is?
On a side note, I have issues with "prudent" decision of not recognising the revenue from Chinese license. My take on it....they cover their bases (yes @sses) for 2019 revenue. For example if they reported £8 million this year which would be 600% improvement over 2017, it would be extremely hard for them to improve upon next year - maybe impossible. Yes, the company would probably revalued to an extent, but this year even tiny slip downwards would literally obliterate the shareprice to levels from now and maybe below that.
Now, they've reported 400% increase in revenue, AND have £3.1 milion immediate revenue cushion for 2019. Even if that'll be split over two-years...I think you get the idea. If the business is indeed going forward, then a marked revenue improvement over current situation should be fairly easy - but on the other hand if they report just a comfortable 50%-100% up from this year to the next the company will go stratospheric.
I can see CB and the lot call it shady accounting....but it's actually common sense and very strategic thinking. Company that I work for (and gazillion of others) do exactly the same thing every year, with bulk deals, rebates, delayed contracts, pull forwards at the last moment etc. Steady growth in smaller chunks rather than massive peak followed by a trough which destroys SP and credibility.
He can't point you because there wasn't one (PO). UK rollout was part of Connode acquisition and as such being a "given" would not been reported in terms of purchase orders.
It was always the matter of "when" not "if" with UK rollout.
There we go. One thing is that BoD's expectations were never £10m - market expectations were. And that wasn't confirmed as according to the stockopedia the market consensus expectations for Cyan were $10m not £.
Second - obviously you discounted the fact that they achieved £4.7m without recognising any chinese deal money?
But hey...we were waiting for this right?
And not to mention broker change - that has to be disastrous however way you slice it right?
Jakel....the price adjusts before markets open when there are meaningful announcement, I'm pretty sure you know that.
https://drive.google.com/open?id=1_VN3W4JKDuBCEPz3zrbtG_L8rtzshWSl