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On the contrary Tony,
My suggestion was that maybe the delay had been something to do with the license agreement being in negotiation, and the landscape will change now for the positive for the Bangladesh contract as well?
Clutching at straws, I know but this web seems to have all threads in similar places.
Beijing Instruments has a joint venture in Bangladesh...........
First the Bangladesh contract delay? Then this.........
Surely this is a bit coincidental?
Look harder guys.
"The Company has previously stated that H2 2018 revenue will be substantially larger than H1 2018 based partly on contracts already won and already in the delivery phase and partly on new orders expected for hardware to be delivered. Management still believes this will be the case."
Just based partly on current deliveries, and partly on expected new orders for hardware.
Let's see if this materialises.
Indeed it is ;)
Great - we will get news sooner than.
I hope your hunch is wrong MrGL.
If there would be takeover, I very much doubt it will be for much more than let's say 100% premium over current share price which would value the company at say £40m.
this would leave most longtermers weeeeeell underwater and would be shitty outcome of a long road of pain.
ITT, Why is that?
....back to 10p before day end? :(
I guess the YE statement about the revenue projections will either confirm the expectations and propel this well up.....or it will cause the drop back to 9-10p and SP to go back into standby mode until HY19 or other RNSes in the meantime.
...of those expectations was the license agreement....which they (susprisingly) achieved before YE..........as expected(!!).
Thanks Kaaba forgot about that entirely.
Recent and very encouraging. It's amazing how you now tend to just glaze over such things when you see a word "expectations" after so many years of such ;)
Kabaa - when / where the directors said that it will be LAST placing before profit?
That's quite a statement....can you put a quote please?
thanks
...at least the market has already recognized a full revenue from the contract and then some...in our SP ;)))
That 2.5 pence up is circa....£5 million in market cap ^.^
Let's see if it sticks ;)
....seem to be main supplier of meters to State Grid Corporation of China. Look it up - it takes a bit of search over the web.
This....if not very big from the start....has the potential to turn very big in the future.
What a peculiar turn of events.
To be fair Kabaa you might be right. I couldn't even buy 1 on IG - and they are the biggest.
I don't think I've ever had a situation of NOT BEING ABLE to buy Cyan on IG.
They of course take the whole lot in one go. They always do.
Let'ts be realistic - no way they can recognize the full amount, as it's a commitment over 2 years. That's just not how this works - you don't sign a distribution / license agreement for a period of time, and actually get everything in one go....and up front.
The main question is - is that 4 million commitment of buying hardware....inclusive of the predicted up-front payment....or is it above the up-front payment of unspecified yet amount.
And no....withe the licence agreement being "only" 4 million over two years.....they have virtually zero chance to have £7 million revenue for the year - question is....how much of an improvement it's going to be.
I vaguely remember something from half year RNSes or presentations, along the lines of "HY revenue more than whole 2017.....and for second six months the expectancy is for it to SIGNIFICANTLY increase from that".
Still....very positive....although market seems to be cautiously optimistic it seems - nowhere near the previous 30%-50% instant bounce like we used to see in the past or on other AIM companies.
Let it be a slow burner..........but keep burning - one would hope.
That is a milestone indeed. Let's hope it materially affects this years bottom line.
That one is actually easy CB.
In plain words they need to ask the auditors what part of the revenue from the agreement can be recognized in this year, as they have probably just signed it?
....interesting.
Although "state-owned Chinese company" - does it bode well for the revenue........or the contrary are we are going to be screwed up?
That licensing agreement was supposed to include large up-front payment - is that on top of those $4 million which they committed to buy over 2 years or......rather part of it?
Etc etc.......1st cat in the bag....but lots of questions remain.
Tony....
"....improved greatly DURING 2019?"
I guess we are now at the stage of conceding that 2018 is another lost year despite brave / massive forecasts?
To be fair it's 6th of December - 11 days (at most) to end of the year - if something was about to happen we would have heard by now. I don't believe for a second that they would be saving groundbreaking information for YE trading update. Not after those 2 bullshit award RNSes :/
And with "income increasing on a monthly basis"? Where did you get that from? All we know is that the revenue was 2.1 milion UNTIL END OF SEPTEMBER. How that is increasing on the monthly basis, considering we've had 1.7million per 1st 6 months...that 400k in 3 months, decreasing if anything. Anything else is just conjencture and wishful thinking at the moment.
Oh and for disclosure, I haven't sold a single share, and I'm still in dreamland hoping that EVENTUALLY I'll get my 100k back - but if there is a ye update saying something "...x y z moved to 2019, quantum a b c, dependent on customer delivery times bla bla bla"....followed straight after by "significantly below expectations"..........then this **** officially becomes a joke.....and it stays that way until it stops.
I guess Trump must be signing our white label deal at G20 this very moment!!!
^.^