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CyanConnode – interims, was the fundraising to enhance growth and operational capabilities or mainly to keep the lights on for a bit longer?

By Steve Moore | Friday 8 November 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Most recently writing on company describing itself as “a world leader in narrowband radio frequency mesh networks” CyanConnode (CYAN), in September I questioned is it funding to further enhance its growth and operational capabilities or mainly to help keep the lights on for a bit longer? It has now announced results for its half-year ended 30th September 2024 including emphasising that its “order book has demonstrated strong growth, more than doubling during this period from 6.3 million units at the start of the year to 13.1 million units… remain confident in meeting market expectations for FY”, but why then a current 9.5% lower share price response to 10.525p?

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