How long have I been here ?????I have lost track of time.... I remember the Presentations at this that and the other trade fair . I remember the Awards for this that and the other,I remember the wonderful world beating technology The promise of big contracts after some little sales for trials.I remember the fund raising exercises and the delays in order placement.
I keep watching the share price slide away ,my money now mostly gone on? I don't know... Just gone.
I think "Share Prophets" are justified in their comments.This company doesn't seem to be able to show any different.. its just painful to be a share holder..
I am fed up with Jam tomorrow
AIM Alternative Investment results in Madness can any one help me
So when the company issued a statement in mid December saying they didn't know any reason for the SP dropping, they were basically lying, unless they truly believed that one of their largest contracts was going to be implemented in the last 2 weeks of December. I wonder how many shares were dumped following the spike after that statement. I know this is AIM, but surely there are some rules regarding honesty!
Wow, down almost 10% today, and down 30% since October. We need some positive news, other than winning another award. Come on JC, tell us we are actually managing to break even at least. Currently we are at an all-time low, and so is the SP!
I bought some after the news on orders recently and its been sliding downwards ever since.
we need more news on these recent orders--- are the customers going to give a delivery schedule ?
time will tell if I have bought a lot of hot air or something with a real future
The profit to Cyan does not come only from the meter manufacture, but also from the software to transmit data back to the servers, which is on a per meter per year basis and is typically on a 10 year contract. This part of the deal brings in long term, low overhead revenue. Once this starts flowing in Cyan should start moving into profit.
200 to 1 consolidation announced this week. Profitability probably not till around 2020. But with recurrent revenues from licencing royalties yielding 95 per cent profit future looks promising. Good article in Business Weekly mentions activity in Thailand. Eesl in India currently tendering for 5 million smart meters for Harayana and Utter Pradesh. Mysore, where Cyan piloted, have decided to roll smart meters out to all but no contract with Cyan yet announced. So prospects for further contract wins looks good. Chair looking to sell company at some point. For guidance on tech. commend contributions by Energy chap this Tuesday on Lse.
Good move seakelp, I think you've got your timing spot on.
I wish I'd bought in now rather than starting 5 years ago! Although on the plus side, with all the top ups and placings, it does mean I've ended up with many millions more than I might have otherwise acquired.
In another 5 years this might even be a cash cow, and we can sit back and watch the repeat software fees roll in!
SP jumped on open, but fell back. I suspect the jump was due to investors already interested in CYAN. The sustained jump usually comes in a week or so, after an order has been reported in financial columns.
Order book is now looking very promising and confirms the products credentials. Hopefully there is much more to come. At current net worth the order book is three times the company value. The key here is profit margins from the booked business and we must hope that the sums stack up. Well worth a punt at current values.
Very disappointing that they have to dilute shareholders again, with £3m still in the bank and with guaranteed orders, and funds in the pipeline about to come through, I would have thought short term loans would have been much better for shareholders, or even discounts for orders paid in advance, it does make you wonder whose side the Finance Director is on.
I also notice the chosen few get the preferential EIS allocation again, while we mortals have to stump up the full amount.
But we are so close now that I am hoping the orders will start to come in in greater numbers, the hundreds of thousands so far hardly scratch the surface of what's needed, so expect I will find the funds to take up my allocation in full to avoid my holding being diluted.
Thanks - I hadn't twigged the consolidation. Don't worry I'm not buying anymore until the business stabilises. Now looks like its going to be another few years or so. Also now beginning to wonder about the Iran contract revenue.
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