Cyanconnode Share Discussion Threads

[multibagger] 19/4/2024 08:24

Adani and (the Ambanis) have India virtually sown up economically....so riding on their coat tails would be a very shrewd strategy for someone like us and will open doors magically ! They are blessed by the Govt to turn the Modi's dream in to reality it would appear :)

It is probable that Adani and Intellismart will take a commanding market share of the RDSS contracts in India in the fullness of time IMHO.

[nilli] 19/4/2024 08:01

Yes, apologies, it was liked.

[multibagger] 19/4/2024 07:11

Many thanks Nilli for sharing the same...more grist to the mill !

Why oh why would JC post about Adani Energy Q4 FY24 highlights ????

Edit: He seems to have "liked" it ,not posted it per se....but nevertheless still intriguing :)

[nilli] 19/4/2024 06:54

Morning Multi and all.
JC posted this on LinkedIn

Adani Energy Solutions Ltd. 4th Quarter FY24 Operational highlights.

• Robust system availability of 99.6% in Q4FY24.
• Added 174 ckms to operational network with total network at 20,509 ckms.
• Fully operationalized Khavada Bhuj line.
• Received LOA for additional 17 lakh smart meters from MSEDCL with a revenue potential Rs 2,100 crore.
• The total smart metering pipeline at 22.8 mn across nine projects with contract value of Rs 27,200 crore.
• Distribution loss remains low at 5.09%; Maintained supply reliability of more than 99.9%.
• Sold 2,226 million units of power, up 5.98% YoY.
• Share of RE in Mumbai circle at 35%, and on track to achieve 60% by FY27. Anil Sardana Kandarp Patel #adani #energy #powerdistribution #discoms #smartmeters #amisp #rdss

[multibagger] 19/4/2024 06:38

Good morning DTB and all :)

All speculation and hypothesising on my part as I am trying to piece together a jigsaw without a reference picture ! It's a bit like fossil hunting and finding a fossil and trying then trying to work out from that what the dinosaur would have looked like !

I could be totally off the mark to be honest, but time will tell. I see it as hugely positive. War chests are needed to land and reel in big contracts and an appointment of a Joint Broker could sometimes signal that, but not always. M&A are another reason.

On the other hand, even if we get game changing news, the UK market is moribund at the moment like what we saw a few days ago on Tuesday, 16th April - normally that kind of news would have pushed up by 3p+ !

I am a patient long term holder so pretty sanguine about things I cannot control or influence.

Anyway, good luck all :)

[derek ten bag] 18/4/2024 21:02

Fantastic reply Multi and I am sure I speak for most of the others when I thank you for your very clear assessment of our current position. This does have the feel of a defining moment for CyanConnode of the type that doesn't come to many small companies. Let's hope that your assessment is accurate and we are on the cusp of real game-changing news.

[multibagger] 18/4/2024 19:55

Hi Bskiny1 and DTB:)

Re share price being held back - possibly some overhang from CRUX sale ? Markets are nervous about the Middle East no doubt.

1. With appt of a Joint Broker, a large corporate event is likely to be in the offing in the next 4-6 months. I personally think that it could an IPO of our Indian 100% owned subsidiary with CYAN still retaining the majority/controlling stake once we have an even better order pipeline in India and/or MENA. Speculation on my part no doubt, but too many strategic moves and all closely temporally connected to be a mere coincidence !

2. Could Adani+Esyasoft JV take us into their fold fully ?

3. Esyasoft do MDMS/HES mainly and now have a meter manufacturing unit but don't have their own a Comms solution. Adani have the financial might, political influence and have won about 24.089 million RDSS smart meter contracts so far. So we could become a part of a AMISP bidder with all the normally subcontracted contracts in house for India. (Not too dissimilar to where Genus seem to be at).

4. Al Fanar + Esyasoft + CYAN aggressively go after MENA contracts and office opening in UAE will make "wasta" easier.

Whatever is happening now is likely to be a lot bigger than what has gone before. Panmure willing to play joint fiddle with Zeus is in itself interesting - rather than displacing the incumbent.

Good luck all !

[derek ten bag] 18/4/2024 16:54

Hi bskiny1,
This guy doesn't have a theory, but whatever is going on I am certainly hoping it is highly positive for both the company and ourselves. We're here to make money after all and many of us have been in since the year dot. I am sincerely hoping that the next little while starts to deliver some very serious gains for us all, by whatever method it takes. But, given the buys over the last few days, the fact we are still below 9p suggests that your speculation may well be correct and the share price is being held back. Why that might be is way beyond my mental faculties to work out. It's all necromancy and my degree wasn't in necromancy.

[bskiny1] 18/4/2024 14:30

loads of buys this is being held down....any theories you guys in the know!!!

[derek ten bag] 18/4/2024 13:12

We are in interesting times CC-wise, ITT. I don't have a clue what's going on, to be honest, but if they were able to announce a really significant SFA and a couple more good orders, I would expect the share price could move up quite sharply and, if that were the case they could raise capital with much less dilution. Personally, I feel that JC and HP would be reluctant to go down the dilution route and that they will, if it's necessary to raise funds, try to investigate alternatives, whatever these might be. Certainly plenty of trades today. And yet the share price is down. We seem to be hitting a barrier at the moment. As for waiting too long to get in, I have had a couple of top-ups recently and really am fully invested. Overall, my average is pretty much where we are now. GL.

[inthetin] 18/4/2024 13:00

Hi DTB

I think that one or two are going to get caught out here thinking that a fundraise is inevitable and waiting too long to get in or add.

Even if there does end up being a raise, it could be at a premium - it has happened before.

I feel something more interesting is about to happen.

GL

ITT

[multibagger] 18/4/2024 12:00

Good morning DTB :)

Many thanks for your kind words. I probably read and make investment decisions differently from 99% of PIs as my time frames, patience and experience is different. I read the recent flurry of highly positive RNSs as confirmation of further growth and a further large beach head being established in the UAE.

This may need further funding and that is why we are a publicly listed company on the stock market. If companies are able to raise funds independently, they may not need to be listed on the market. Take multibillion dollar revenues Dyson for instance - they need no one's money.

This brings it back to the question of why additional funding is required - is it for mere survival or is it for growth ? Given we have heard that "materially exceeded market expectations" it reflects the latter. It is easy to argue that the company is not profitable and therefore potentially a basket case and investors are being taken for a ride.

A lot of people did not stay with an Amazon investment when it remained unprofitable for well over a decade but Bezos was investing and growing to make it the giant it is today. Bezos knew what he was doing even if the market did not agree with him in the short term. Amazon investors will be surely thanking him now !

I am an outlier and don't pay much attention to financial metrics - people sweat over these things, but a good accountant can make most financial statements palatable for whatever purpose. Just reading RNS about financial statements and deciding about investments, hide the issues of the likes of Enron, Wirecard, Patisserie Valerie, Redcentric, Tesco, Carillion etc - it is like paying attention only to the dashboard instruments and not seeing where we are actually heading !

I take a macro view and invest taking into account trends in technology, geopolitical movements, economic indicators and cycles, understand demographics, commodities etc. I plough what seems a lonely furrow but a very profitable one for me and don't need validation from BBs or posters.

CRUX was hit by fund redemptions apparently....which seems to be consistent with what I am hearing from other fund managers as well. BTW, Crux probably lost about 6p per share for their offload.

Maybe people can write to JC and ask if someone like PrimaryBid can be involved to give retail investors a chance to participate in any funding rounds in the future ?

Good luck all !

[inthetin] 18/4/2024 10:25

What's stopping them from sticking some (say 10%-20%) of CC India's shares on the Indian market and testing the water there?

[derek ten bag] 18/4/2024 10:05

Morning Multi and all. Your analysis of today's news is, as ever, enlightening Multi. As a matter of interest though, can you elucidate how this might pan out for us over the next few months? It would be very disappointing if PIs were to be left behind in the corporate machinations and I would be quite surprised if the company were to let that happen. Much has been made of a possible fundraise but given our increasing revenues, there must surely be a possibility of raising funds, if needed, in a less dilutive way.

[multibagger] 18/4/2024 08:27

Hi Tinker10 :)

We see things differently and that's fine ! You invest according to your perceptions as I do with mine !!

Take a look at the growth of the Adani Group subsidiaries on the Indian stock market you may understand what I mean.

I have now established a mechanism to directly participate in the Indian stock market which is exponentially growing.....when I see an worthwhile opportunity I take it :)

For example:

Adani Green Energy : about 5404% growth over 5 years
Adani Power : about 1471% growth over 5 years

Good luck all :)

[tinker10] 18/4/2024 08:22

Wow. Uber bulls spinning positive out of negative.

First they issue an "upbeat" trading statement - yes revenue is increasing, but revenue has been increasing for years with no improvement in the bottom line. Suggest everyone compares the gap between gross profit and operating costs and then look at the cash collected in the Fy23 financial. They're going to post another significant loss in 24.

Second, now that they've generated interest through a statement that only highlights the positives (think how many stats they DIDN'T mention) they announce a new broker.

Dilution coming, how much and at what price?

[pillow] 18/4/2024 07:46

Agree something significant afoot, Panmure are NOT a tin pot outfit. They specialise in high growth mid cap companies. Think the structure of company about to change for the better as they move up a leugue or 3. All will be revealed sooner rather than later. Exciting times.

[multibagger] 18/4/2024 07:31

Good morning SBP and all :)

Appointment of a joint broker is a very interesting development.....if you take into account the backdrop of us opening a new Office in Dubai to serve the MENA region and our MoU with Al Fanar (Saudi Arabia) who are sector goliaths in the region with multi billion annual revenues.

Also the multi billion Adani Group, one of India's largest and fastest growing conglomerates and Bangalore/India based Esyasoft have joined hands (Adani Esyasoft Smart Solutions with 49/51 JV). Esyasoft has been bankrolled/controlling stake is with International Holdings Corporation (IHC) based in UAE.

We have done and continue to do various projects with Esyasoft.Saudi Arabia is opening up rapidly and they are investing heavily on infrastructure.

From the above, there is a strategic imperative to be close to the action and it looks like something is significantly shifting in the MENA region which will work in our benefit. May be Panmure can bring on some capital for explosive growth - it may mean a fund raise for the right reasons and though there could be some dilution, it would mean a smaller slice of a much bigger pie.

Very interesting in a hugely positive way IMHO !!

Good luck all :)

[nick the greek 1] 18/4/2024 07:28

Morning tightfist

Re your earlier paragraph above I alluded to the possibility that CC India was possibly about to become a separate entity in my last post? I do think this is a likely way forward.

Its all rather disappointing that the CC PR machine couldn't have found a buyer for Crux,s recent stock sale (plus whoever else has been strategically dumping over the last few weeks), presumably DDM has gone by now?

Interestingly and perhaps in line with this mornings RNS - I think Panmure took a large block of Crux,s stock (I believe this as I was offered it) and have been knocking it out in bits on the offer ever since the TU, no wonder the share price has been virtually stagnant despite the best news for a long while. Whty couldn't they, with forethought, have sold it to another institution? Presumably Panmure have made a pretty penny selling Cruxs stock too?

They must have something being set up in the back ground as the attention to getting the share price higher is at best very poor and cynically, contrived!?

Maybe all will become clear when they do another of their their wondrous "investor presentation".

They need to concentrate on getting more stock sold to institutions that are going to hold it imo.

Unless of course they are doing the rounds again now, why didn't they tell the market cash was ok in the TU?

[z1co] 18/4/2024 07:20

Panmure Gordon is a massive upgrade to Zeuz Capital and no disrespect to Zeus.

[stupidboypike] 18/4/2024 07:14

Interesting. I rate Panmure, having had some dealings with them in the past.

Best regards sbp

[daddy warbucks] 18/4/2024 07:01

Appointment of Joint Broker. Another fund raise?

[tightfist] 17/4/2024 22:19

CC India has taken several years to reach it's current stage of maturity and is built in the back of a massive government-backed Smart Meter conversion campaign, recruitment of key national players, and leading aspects of product development. .IMHO the intended entity in MENA must be very different, at least for many years to come - unless CC is to be split up.....

[derek ten bag] 17/4/2024 16:41

Well, we're still in the blue, but not by much. Clearly going to take something special to move things up if a day of predominantly buys only edges us up. I am intrigued though by the announcement of opening an entity in the MENA area. I'm assuming that means something similar to CC India. Does that sound about right?