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CYAN Cyanconnode Holdings Plc

0.10 (1.31%)
12 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cyanconnode Holdings Plc LSE:CYAN London Ordinary Share GB00BF93WP34 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.10 1.31% 7.75 3,486,100 15:44:00
Bid Price Offer Price High Price Low Price Open Price
7.50 8.00 7.75 7.40 7.65
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 11.73M -2.41M -0.0074 -10.47 25.08M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:43:34 O 600,000 7.30 GBX

Cyanconnode (CYAN) Latest News (1)

Cyanconnode (CYAN) Discussions and Chat

Cyanconnode (CYAN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-12 16:15:007.30600,00043,800.00O
2024-04-12 14:43:357.9050,0003,950.00O
2024-04-12 14:40:137.3015,0001,095.00O
2024-04-12 14:36:327.7725,0001,942.50O
2024-04-12 14:35:367.7850,0003,890.00O

Cyanconnode (CYAN) Top Chat Posts

Top Posts
Posted at 12/4/2024 09:20 by Cyanconnode Daily Update
Cyanconnode Holdings Plc is listed in the Electronic Components, Nec sector of the London Stock Exchange with ticker CYAN. The last closing price for Cyanconnode was 7.65p.
Cyanconnode currently has 323,664,064 shares in issue. The market capitalisation of Cyanconnode is £25,083,965.
Cyanconnode has a price to earnings ratio (PE ratio) of -10.47.
This morning CYAN shares opened at 7.65p
Posted at 04/3/2024 16:16 by derek ten bag
I'm a bit less sceptical than you ITT. I actually have considerable regard for JC and also for Heather. They have worked very hard to get the company to where it is and to establish a very high reputation in the territories in which it operates, for quality and reliability. I shall be extremely surprised (and very disappointed) if, by October, the share price is not considerably higher than it is now and we have not won many more orders than at present. JC stands to make a considerably greater return on his investment from a high share price than from his annual remuneration, although I think creating a company worth a lot more than it is now is his real ambition. I've been looking again at the calibre of the staff we have, both here and in India and I am quite impressed. We shall see. But, if you happen to be reading this John, it is certainly time for, at the very least, an update on progress or better still, an other order. DYOR and GLA.
Posted at 29/1/2024 19:07 by nick the greek 1
To try and answer a few queries from earlier : -

1. JC average share price - I estimate it to be circa 15p - 20p. This could be substantially lower however in the event his options etc kick in with a takeover approach.

2. Would it make sense for a few more orders to be in place first before a takeover is launched - Yes, definitely in my book. The pipeline needs to more proven first for an acquirer to have complete faith going forward plus an acquisitor needs the share price a little higher from here to give the BoD little option but to recommend its offer as acceptable.

3. Management won't accept a "lowball" offer - this is complete rubbish in my opinion - JC will have to look at any offer on behalf of his BoD and his shareholders and make a decision based on what is best for the owners of the company ie the shareholders and then if necessary they will vote on it.

Therefore my guess is that a few more orders will be placed with us in the very near term (sorry!) and then an offer for the company will be made.

How on earth is JC going to be able to not recommend an offer of 100% premium to the previous days closing price after say a 100% rise on a couple more orders RNS,s beforehand!? Say 40p offer.

He would have to have an incredible defence to not accept something like that which he will not have imo.

My guess is therefore that a takeover will come in after a sequence of events similar to the below takes place: -

1. Another larger SFA is granted with Intellismart.
2. A new SFA will come in with someone like Genus or MonteCarlo.
3. 2 to 3 more 1 m size orders will come in.
4. The share price will rally to about 20p - 25p (previous highs).
5. A bid will be made very quickly (overnight) for circa £150 m/c for the Indian side of the business ie in the region of 40p.
6. BoD will recommend it.

JC will also then be given a non exec position on the acquirers BoD.

If you were one of the large Indian players would you let CyanConnode stay independent once it has a proven pipeline!?

Plus JC,s objective has always been to sell the company once it has reached a certain stage, its just taken a whole lot longer than he (or any of us) ever thought it would!
Posted at 11/1/2024 07:12 by multibagger
For the record !

RNS Number : 3137Z
CyanConnode Holdings PLC
11 January 2024

("CyanConnode" or the "Company")

Order For One Million Omnimesh Modules

CyanConnode Holdings plc (AIM: CYAN), a world leader in narrowband radio frequency (RF) mesh networks, is pleased to announce that its subsidiary, CyanConnode Pvt Ltd, has received an order from Montecarlo Limited (Montecarlo) for one million Omnimesh Modules, together with Advanced Metering Infrastructure, Standards-Based Hardware, Omnimesh Head-End Software, Perpetual License, and a Support and Maintenance Contract.

The order relates to a smart metering deployment in Nagpur, Maharashtra, with supply of Omnimesh Modules expected to commence within this quarter. The installation will be completed within 27 months and followed by a 93 month Support and Maintenance Contract, which will commence upon completion of the installation phase. Approximately 60% of the contract will be paid during the installation phase, against either (i) letters of credit or (ii) via a trade finance portal with 30-day payment terms. The remaining 40% of the contract will be paid for in equal monthly instalments over the duration of the Support and Maintenance Contract period.

John Cronin, Executive Chairman of CyanConnode, commented:

"I am pleased to announce this second significant order from Montecarlo, following our initial collaboration that began last year with the January 2023 order for a similar volume. This new contract for one million Omnimesh Modules is a testament to our standards-based, innovative technology and deep understanding of India's smart metering landscape. It also underscores the growing market acceptance and momentum for our products. This order significantly boosts our total Indian order book to 6.3 million units, with 3.9 million modules scheduled for delivery in accordance with the established project timelines."

Mr. Mrunal Patel, Joint MD of Montecarlo, commented:

"We are extremely pleased to continue our partnership with CyanConnode, building on our previous successful and ongoing collaboration in Madhya Pradesh. Our strong background in project implementation, coupled with CyanConnode's proven track record in smart metering communications infrastructure in India, instils confidence in the successful implementation of this project. I believe that our combined strengths will pave the way for further such opportunities and partnerships."
Posted at 05/1/2024 06:29 by multibagger
Good morning all :)

A warm welcome to a number of new posters over the last few days...

Some key points:

Market cap is about £ 31.3 million at 10.50p

2024 expected revenue is £16.3m
2025 expected revenue is about £35m

Board of Directors have decent skin in the game
Exec Chairman John Cronin has a track record of 5 exits with $600 million returned to share holders

CYAN Orders won in calendar year 2023 : About $24 million with 60% revenue to be recognised in 12-18 months.

CYAN currently has about 25% current market share in India and 40% contract win rate in Tenders with 25% volumes

Order pipeline in India : 5.3 million units = approx $74 million
Backlog yet to be delivered in India: 3.2 million units = approx $45 million

Currently bidding for about 178 million units in India - multiple shots at goal

Each unit (smart meter) is worth about £12.50 to CYAN over the typical ten year life of the contract.

Also already operating in Dubai, Abu Dhabi, Thailand, Sweden, Finland, Nigeria and India.

Acquisitions in the sector such as previously AIM listed Calisen and Smart Metering Systems have been at over 50% of share price premium

DoI: I am an optimist and an investor with very long investment horizons and decent sized positions in the companies I invest in.

I have been invested in CYAN since 2016.

Good luck all !
Posted at 04/1/2024 16:51 by multibagger
Good evening all :)

Good to see a fair bit of CYAN in the share price :)

Adani Energy has won about 20-24m smart meter contracts in India so far...and they have now entered into a 49/51% JV with Esyasoft. Esyasoft have bought a meter manufacturing factory from L+G....and Esyasoft have been involved in almost every project we have done in India and the Middle East as far as I am aware - providing HES and sometimes MDMS software.

Going by track record and strength of our relationship with Esyasoft, I reckon someone could be speculatively accumulating CYAN shares in the expectation that we could get a fair bit of the Adani Energy smart meter contracts in terms of our RF Mesh technology. That could partially explain the sudden interest in the last couple of days.

I am pretty sure that JC and the BoD who have significant skin in the game won't sell CYAN even if approached at these share price levels. Remember as per the latest CYAN investment slide (in the header) - winning 60m smart meter contracts would translate to about $1 Billion revenue over 10 years !

I still reckon that any takeover offers will only be looked at over the £1 share price mark !

Of course, I am biased !
Posted at 16/11/2023 08:23 by inthetin
The market has worked everything out and currently values Cyan at 10p-11p.

Another IntelliSmart (IS) contract won't make an ounce of difference to the share price - that relationship is already built into the price.

IMO, the market wants to see evidence that Cyan has a strong relationship with Genus going forward and that its products are integral to Genus's offering.

If that RNS ever pops out, I wouldn't be surprised to see a 100% increase in the share price the same day.

Please don't let the next RNS be an IS one.
Posted at 12/11/2023 07:37 by multibagger
Good morning all :)

Take a look at what news can do so Share Price with Plexus Holdings (POS), an oilfield services company listed on UK AIM as an example.

POS Share price was dredging along at around 2.6p before June 2023. Then a £5m contract was announced with revenues within a year or so and then this contract was upgraded to £8m in Aug 2023 - the share price is now about 20p+. A circa 8-10 bagger so far from early this year.

CYAN/We have announced contracts of worth around £4m from MENA (I reckon at USD 1.22/GBP) and about £2.25m from India announced in October 2023 alone.

So over £6 million worth of revenues in the next 12-18 months just from these 2 contracts. Not forgetting all the other contracts announced in this calendar year.

I leave people to research the same and draw their own conclusions but to me it confirms what I already know that the stock market is irrational, inefficient and sentiment driven - logic, rational thinking and sentiment will return at some point and this is where real money will be made by the astute and the patient.

We are going into Week 1 of the fortnight where I hope there will be further contract news on the back of the fundraising RNS statement.

Let's see and good luck all !
Posted at 08/11/2023 18:15 by chrysalis99
Because of the (possible) share price manipulation, the lack of existing shareholder inclusion and the now significant share price overhang at the warrant conversion price of 15p (which was the share price only a few months ago and was unsatisfactory then too). The management have been backwards in coming forwards with their wallets until given the chance to do so at a significant discount to mere existing shareholders (including the warrants).
Posted at 02/11/2023 11:28 by stupidboypike
I think those who take a less optimistic view are very helpful indeed. Helps to add balance. I don't think there is a single shareholder who didn't expect the Cyan share price to come good at least 12 to 18 months ago, so the optimistic brigade (myself very much included) clearly got the timing wrong. Let's hope that is all we got wrong!!! Best regards SBP
Posted at 31/10/2023 11:56 by multibagger
Hi TF :)

In their eagerness to thrash CYAN, the BoD, the products, the contracts, the RNS etc some people mis-read and choose to mis-interpret anything they do read !!

"....John Cronin, Executive Chairman, commented :

"We are delighted to have secured this LOA, building upon our previous success in 2022, where the delivery of cellular hubs to connect up to 1 million Omnimesh cellular communications modules in the MENA region has been accomplished successfully. This contract significantly enhances our relationship with this important customer, which continues to strengthen as we further develop our business in the MENA region, and enhances our visibility over revenue...."

Some miss the wood for the trees.....we need to remember that we have an MoU with Al Fanar who have a huge presence in MENA and winning contracts to build a track record is an important part of market positioning !

From Al Fanar RNS 03 April 2023

"...3 April 2023

CyanConnode Holdings plc

("CyanConnode" or the "Company")

CyanConnode and Alfanar Sign MOU for AMI projects

CyanConnode Holdings plc (AIM: CYAN), a world leader in narrowband radio frequency (RF) mesh networks, is pleased to announce that it has signed a Memorandum of Understanding (MOU) with Alfanar, a leading engineering, procurement, and construction (EPC) player, to explore joint investment opportunities in Advanced Metering Infrastructure (AMI) projects.

The MOU sets forth the intention of both parties to establish investments in AMI projects on an opportunity basis, leveraging the core strengths of both companies at the group level. CyanConnode and Alfanar will jointly review tenders across targeted geographies and, subject to a positive outcome, establish joint ventures for the implementation of AMI.

This collaboration aims to facilitate and expedite activities related to project investments, in compliance with existing policies, rules, and regulations in the targeted regions. Both CyanConnode and Alfanar will invest in the projects upon satisfactory techno-commercial due diligence. While the MOU does not create a binding commitment, it is anticipated that a definitive agreement outlining the terms and conditions of the collaboration will be signed by both parties in due course.

John Cronin, Executive Chairman of CyanConnode, commented: "We are delighted to enter into this MOU with Alfanar, a company that shares our vision of harnessing technology and innovation to drive sustainable growth. This collaboration presents a unique opportunity for us to combine our expertise and resources to make a significant impact on the global AMI market."

Mohammed Irfan, Chief Executive Officer, Alfanar India, commented: "The unique partnership approach with CyanConnode will enable us to evaluate and strategically tap into new markets, especially on the global landscape for increasing our spectrum of service offerings. We are confident that our joint efforts will lead to the successful implementation of AMI projects, ultimately benefiting our customers and stakeholders."

This collaboration between CyanConnode and Alfanar reflects their shared commitment to explore new opportunities for expanding the global footprint in the smart grid sector. Working together to assess potential projects, both companies look forward to a fruitful partnership that drives growth and innovation in the advanced metering infrastructure industry...."
Cyanconnode share price data is direct from the London Stock Exchange

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