Latest Views & News

CyanConnode – “confidence that we will meet full year market expectations”. Really?...

By Steve Moore | Wednesday 17 July 2019


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.


Already down from a start of 2019 more than 9p, shares in CyanConnode (CYAN) are currently further lower below 6p despite a trading update seeing Executive Chairman John Cronin commencing “we have made solid progress during H1 2019, securing a number of follow on orders in India and Europe, which is testament to the strength of our Omnimesh technology” and concluding “the growth in India and the demand from the rest of the world gives the board confidence that we will meet full year market expectations. We look forward to reporting on such new orders in H2 2019 and delivering significant revenue growth for FY 2019”. Hmmm…

You must be a registered member to read this story
ShareProphets is reader-supported journalism

Join us for free and gain access to three articles per month

Or become a member starting at £5.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

Monday »

Tom

Just 26 days to go: Book Now!

Sunday »

Beggar

Me and “The Millionaire Next Door”

Tuesday »

SNX

Synectics – a recovery Buy?

 

GetAFix

Malcolm Stacey is Moving House

Monday »

WG

Wood Group - a Buy (again)?

 

Bear

Video: Bubbles always implode