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...award my $ss...
....can we get at least one from the organization that we are not any type of sponsor with.....can be NOT prestigious too.
Besides....I have a feeling...that if they still put such a bull$shit RNS at 28th of November.........with 20 or so working days remain in the year.......that meas we they are just gathering bullet points to copy / paste into the YE trading update / results....because there will be nothing of substance to talk about apart from what we already know.
Let's wake up people.....we are NOT getting our dreamed up license agreement this year.
You could still argue that they have no reason to put this rubbish out after they've just got £5 million but hey..........I'll believe anything else when I see it.
It's not longer "job well done" and "congratiulations" for Anil and "the team" - what's there to congratulate about?
Let's save it for, if they get at least 66% of the "market expected" results which they were "on track" in September with ALREADY £2.1 million under the belt. Let's have at least another £3 shall we? If that happens without license agreement, it would be tremendous success.
Sure does CC - sure does ;)
When you've found a place where you can short CC - let me know! :) I might jump on a bandwagon :D
Tony,
Nothing is GUARANTEED until it hits bank account.
Remind me how long ago we got PURCHASE ORDERS - from Bangladesh, Iran and Ukraine? 2 years ago? And still....if the PO is raised year or two in advance.....of getting actual money..........well - you know how the rest plays.....
In terms of actual revenue - considering they've had £2.1m until September......which is pathetic....again - UNLESS they complete the licensing deal miraculously before year end.....I'll be amazed and blissfully happy if they reach £5m for a year - and that would be a substantiall improvement - because coupled with cost cutting etc - it would ALMOST put them at break even, operating-costs wise.
I just can't see it......until we see it and (hopefully) are surprised. But hey, when was a last REAL surprise they've given us? I mean SP appreciating one (for longer than 2 weeks).
As for comments along the lines of "I can see contract being 260-500m etc" - they go into the same basket as those hedge fund managers saying.........."oooooh I can see bitcoin going to $100k (it was 16 at the time)"........."ooooh I can see stocks falling 30% from here (Dow was about 7% down at the time)"......"oooooh, I can see the rally continue to Dow 30000 (was 26500 - we now what happened few days later)".
Point is....everyone is trying to be right with prediction....once every other millenia.....some of them ever...are right on the spot - doesn't make 99.9999% of them accurate, or predictors that clever. Throwing numbers around...it's much less then conjencture. It's pure hope / luck / whatever. Especially that sort of numbers in relation to the size of the busines / point in time we are in.
You know what they say about people trying to predict stock market? They exist to make fortune tellers look good ^.^
And to be fair - re pure "luck" - CB / ITT and the doom brigade have so far been more accurate than any of us! ;-) I really think that if they could follow their bitching by shorting CC - they would all be millionaires by now!!! ;) Shame they can't :P
Tony,
My thinking "bigger" stupidly got me averaging down all the way to 12p (new money) and put my "investment" at well over 100k with now almost 70% loss.........
I refuse to think "bigger" until I see one (JUST F***ING ONE) year of revenue meeting the self-imposed expectations
(^.^)
Tony...you'd NOT be surprised if we had "the lot"? Seriously?
I'd be greatly surprised if our revenue this year is anywhere near the market "expectation" - which have been set at an astronomical level (compared with context and history to date).
A welcome surprise indeed...but still a surprise. May they surprise us all at last!
.....but if I hear a word "partnership" one more time.........followed by....
...."due to timing bla bla bla bla bla.....significantly below expectations" at the end of December..........
I'm gonna puke.....then sent pipe bombs to the company!!!
If there is one type of recognition we don't want for Cyan....it's this type of recognition.
https://www.glassdoor.co.uk/Reviews/Employee-Review-Frost-and-Sullivan-RVW9602980.htm
Read the review titled "Simply Stay AWAY". - among many others of course.
I think CC should be f****ng ashamed to pay for this, and put it into RNS.
Errr....what?
Not the Frost and Sullivan again.....please.
Recognition my $rse ^.^
Wonder when shareholders will get recognized? ;))) This year or the next? ;)
Quantum Renewables is a subsidiary of Adtel - and Adtel, seems to be a large outfit, so what's the problem again ITT?
Yes it's another partnership / distribution agreement. Yes it doesn't change present situation, but might change the future.
No there is no point in beating this up to death...again, on the same basis. They'll miss the revenue target for 2018, then you'll have your cannon fodder...and probably a lot of it too ;)
LTI, how do you make the fact that it DELIVERS on one of a "large pipeline" of opportunities?
Distribution agreement per se doesn't deliver anything - not until they start selling and booking revenue from it. As the agreement has been signed in August 18, realistically, getting any revenue this year from it is........unlikely isn't it?
Distribution agreement in Philippines with ADTEL.
...."including sales and performance milestones" - sound positive.
Probably won't affect bottom line this year (since it's from August 18), but nevertheless great news.
Well, one could say that he has "W. Buffett" timescales - if we take swinging to profit this year....then everything else from here being mildly positive (by POSITIVE I mean - financially positive!!!)...then who knows in...........
10...maybe 15 years - right? ;)
Tony...I admire your...."vision" - but aren't you overestimating it just a little? Even with my lousy experience in "software companies" (I actually work as software / db architect for last 15 years)...I somehow can't arrive at those valuations.
Not......in...this....f***ing industry!! You keep bringing ARM - the more you do....the more silly you seem to me (sorry!) - remember...ARM is CPUS (among other things)!! they are virtually in every smartphone in the world (costs $100 and more a pop per ICB)....and there are billions of them.........not to mention they are engineering systems....encroaching at PC desktop market with their new Cortex A76 x86 architecture..........sorry, I could go on, but what's the point?
They are not....and WILL BE NOT a viable comparison to likes of Cyan - ever. I think I've done a fag packet analysis for that before.....Even if Cyan alone grabbed 10-15% of global smart metering and IoT market.....that would not even remotly justify the valuation...because the devices they produce (sorry....THE SOFTWARE too) are just too cheap on a per device basis.
Let's assume the magic happened......and they somehow become a £1 billion company.....just how long that would take? Just take any example.....ANY - from a similar industry starting from break even point.
I know you will try to counter this with "software this...software that...high margins...white label...etc" - but those things....take LOOOOOOONG time (as we are witnessing for last..what...7 years and still barely any money?) - and only....only IF they are taken as a Gold standard.
Granted Cyan really seems to have hit the spot with the Omnimesh - but we are still waiting for a first official confirmation of how's that going - by that I mean.....whether they achieve any meaningful revenue this year or next one. The R&D cycle is finished - if they don't make their forecasts with the finished product (remember the SMART is now rolling out) - then they are effectively gone.
They might slip, or miss a bit...but this (next 12-18 months) is really their last chance, because there is no NEXT best thing with them - Omnimesh is what they have....and if they can't capitalise on it...it's a failed venture.
So, taking that into account, even with a hint of "vision", which you seem to have an abundance off........I think that many here will be ecstatic if somehow...the company managed to achieve a share price of £1 in the next let's say 2 to 3 years.
That would validate their efforts...and make them nice viable business like many on AIM (worth £180 million by the way!!) - then it COULD go from there. But before we get there........well....most of us here...will be long gone by that time.
Tony,
Let me get something clear - £5 takeover bid? As in.....5 pounds?
i.e....with 180 million shares....it's £900 million
Right?
....on a side note, they are not small fry it seems.
Just a quick glance on wikipedia 855 million in revenue....5 billion in assets, 31 billion AUM (?!).
Interesting that company of this size took a punt in such a piddler eh?
Great.
So they bought themselves 13 million shares.
Obviously they must have known that the placing took place and was successful - so why, even if transaction took place on 9th of November, it's calculated as 9.51% voting rights (i.e. taking into account pre-placing total share numbers).
Anyone can shed some light on this? Is it because, even thought the placing has completed new shares haven't really been admitted to trading just yet?
Still - seems like a fair...punt - like few already mentioned. And we are up....0.05% ;)
I'm OK stedders..........just.......
https://www.youtube.com/watch?v=M3QYDtSbhrA
...are in - all passed as expected.
If I understood you correctly ITT, the way you actually suggesting...I don't think is even legal let alone ethical.
Interesting question but.....they won't.
It's as simple as that. Considering the product that they now own....and the pipeline - any investors with the money and an ounce of brain wouldn't allow the company to go under at this stage - if that was even remotely on the cars....it would've happen a year or two earlier.
This moment is arguably, one of the better ones (if not the best) for the company from investing perspective, as most of the unknowns re development and suitability for the market have now been ironed out.
What now remains is actual selling - which is well underway (considering $14m orders in 3 months following a release).
On a side note - do you really think that JST or anyone else would actually let all their previously spent money to be wasted? Don't think so....and they operate on much larger and much longer (timewise) scale than most of us even take into consideration when investing.
Thank you Vas.