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CYAN Cyanconnode Holdings Plc

7.60
-0.05 (-0.65%)
26 Jul 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
  -0.05 -0.65% 7.60 659,529 11:21:41
Bid Price Offer Price High Price Low Price Open Price
7.50 7.70 7.65 7.60 7.65
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 11.73M -2.41M -0.0074 -10.27 24.76M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:11:15 O 50,000 7.64 GBX

Cyanconnode (CYAN) Latest News

Cyanconnode (CYAN) Discussions and Chat

Cyanconnode (CYAN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:11:157.6450,0003,820.00O
2024-07-26 13:16:557.655,987458.01O
2024-07-26 11:33:107.656,446493.12O
2024-07-26 11:22:447.50183,00013,725.00O
2024-07-26 11:21:247.55190,00014,345.00O

Cyanconnode (CYAN) Top Chat Posts

Top Posts
Posted at 26/7/2024 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 £24,598,469.
Cyanconnode has a price to earnings ratio (PE ratio) of -10.27.
This morning CYAN shares opened at 7.65p
Posted at 04/7/2024 09:18 by derek ten bag
Morning folks,
Just watched the Q&A again (for the umpteenth time). Between the actual session with John and Heather and the additional material, there is a lot to digest. There is a bit in the actual Q&A at about 1h10m when John is asked about the share price where he explains that, in an RNS, it is important, obviously, to maintain a high level of confidentiality about the numbers. He does, however, say that he hopes that the actual results at the end of July will, essentially, make good reading for investors and, hopefully, have a positive impact on the share price. I am of the view that these results will perhaps even surprise some of the more optimistic on these boards. Just my impression. We certainly need something to get things heading up. GLA.
Posted at 27/6/2024 07:10 by multibagger
Good morning all :)

Further evidence of excellent strategic positioning !

RNS Number : 1207U
CyanConnode Holdings PLC
27 June 2024

Empanelment Of Digismart Networks For Cellular Deployment In India

CyanConnode Holdings plc (LSE: CYAN), a global leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce that DigiSmart Networks Private Limited (DigiSmart), a wholly owned subsidiary of CyanConnode Private Ltd, has now been certified to deploy Cellular technology as an Advanced Metering Infrastructure Service Provider (AMISP). This new certification complements the Omnimesh RF Network certification obtained on 22 May 2024.

The certification issued by REC Ltd, (formerly known as the Rural Electrification Corporation Limited which is ultimately owned by the Ministry of Power), is valid until 23 June 2028. This certification recognises DigiSmart's adherence and compliance with the stringent specifications set out in the Request for Empanelment, enabling DigiSmart to bid directly as an AMISP under the Revamped Distribution Sector Scheme (RDSS) for smart prepaid metering in India on a Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) basis.

This additional certification substantially strengthens CyanConnode's strategic position in India, enabling broader participation in the national smart meter rollout The certification allows the Company to offer a variety of technologies, including third-party cellular and hybrid models tailored to each deployment. With over 3 million Omnimesh Modules already deployed across India, CyanConnode, through its subsidiary DigiSmart, is now positioned to bid directly for major projects throughout the country.

John Cronin, Executive Chairman of CyanConnode, commented:

"We are extremely pleased with DigiSmart's latest certification which enables CyanConnode, through Digismart, to directly bid for smart metering projects across India. This achievement is a testament to our commitment to providing cutting-edge technology solutions and reinforces our strategic position in the Indian market. With 15 years of successful operations in India and a robust order book, CyanConnode is uniquely positioned to drive the evolution of smart metering systems and thereby support the Government of India's vision for energy modernisation. Certifications for both RF and Cellular technologies uniquely position us to directly bid for significant projects across India, and provide the technology best suited to each project."
Posted at 22/6/2024 07:54 by multibagger
Good morning DTB and all :)

The CYAN AMISP announcement came as a hugely pleasant surprise to me but the "dots" were there if one thinks about it (with the benefit of hindsight). The scale of CYAN recruitment which we kept hearing about, Wi-SUN alliance, ongoing R&D, the development of a full "C" Suite team etc - all indicated there was a step change in ambition and scale for CYAN. It was the case of paddling furiously whilst the surface appeared calm and RNS news flow/comms dried up as the senior team were focussed on the developing the business and much to the chagrin of retail investors and BB posters.

On reading the Q&A and reading between the lines, I get the feeling the CYAN team are thinking of preparing the company for an Indian IPO in due course - they have not denied it either. To build a market and appetite for CYAN to enter the the red hot Indian stock market, the growth story has to be proven and demonstrate a strong pipeline of potential contracts both in India and abroad.

Winning a few large, multi-million smart meter flagship RDSS contracts would catapult CYAN into the Indian Business TV News Channels spotlight and prepare the ground for an Indian IPO. I think the Dubai Office also adds value that we are an "international company" and winning contracts in that region would also burnish our credentials - Dubai, Abu Dhabi and the Middle East have a reputation as a land of "riches" to many Indians as they form a large part of the expatriate population there.

So a narrative and story is being woven backed with evidence that we are a serious player internationally in the smart meter space with more to come in the forms of gas, water, EV charging, IoT etc . The fact that we are now hearing of a VP for PR (edited) in India is no accident....but a part of brand building and moving from being a B2B player to enter the consciousness of the Indian investor (B2C in some way). The Indian stock market is rapidly moving from a FII majority held to an Indian retail investor base and the scale of digitalisation and selling smart phones with stock trading apps pre-loaded and KYC being centralised means nearly every Indian could become a stock market investor. This is a veritable tsunami of people which could make the likes of the US Gamestop/Reddit gains being chicken feed !

The Indian retail investor stock market audience needs to be worked on from a CYAN reception perspective - as there are already literally hundreds of Indian companies offering 100% stock market gains year on year recently !

I have some excellent inputs/research into learning and understanding the bigger India picture and hence a strategic decision to spend more time on that front - in essence all economic growth and development is based on energy one way or the other and it is CYAN are at the very foundation of this Indian growth story. To paraphrase, "India was not built in a day" :)

Good luck all !
Posted at 22/5/2024 08:09 by multibagger
Good morning all :)

Fantastic news ! A step change in ambition, scope and scale and looks like CYAN would have tied up the funding in principle ? The Standard Bidding Document required various financial criteria to be met before REC empanelment. So looks like we may have gained some strong financial backers/institutional investors or infrastructure/sovereign wealth funds and will have a go at the remaining phase 2 RDSS bidding. To me this could be the "something big" that I felt was on the cards given the flurry of RNS in the middle of last month.

Let's see what the market thinks !

Good luck all :)

RNS Number : 3725P
CyanConnode Holdings PLC
22 May 2024

Empanelment of CyanConnode India Subsidiary as an AMISP

CyanConnode Holdings plc (LSE: CYAN), a global leader in narrowband radio frequency (RF) smart mesh networks, is pleased to announce that the wholly owned subsidiary of its Indian entity, Digismart Networks Private Limited (Digismart), has qualified and been certified to participate in the upcoming smart metering tenders as an Advanced Metering Infrastructure Service Provider (AMISP).

Following a rigorous testing process, Digismart has successfully demonstrated an end-to-end Advanced Metering Infrastructure (AMI) prepaid solution on its Omnimesh RF network. The certification, valid until 13 May 2026, was issued by REC Ltd. (a Public Sector Undertaking under Ministry of Power, Govt. of India) in recognition of Digismart's adherence to the specifications outlined in the Request for Empanelment. This certification enables Digismart to bid directly as an AMISP under the Revamped Distribution Sector Scheme (RDSS) for smart prepaid metering in India on a Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) basis.

This certification provides a strategic boost to CyanConnode in India, which is steadily increasing its footprint as the nationwide rollout of smart meters continues to gain momentum. CyanConnode's current order book stands at 6.6 million units, of which 3 million have already been dispatched. Through Digismart, the Company would be responsible for the end-to-end execution of smart metering projects, from meter supply to Meter Data Management (MDM).

This empanelment allows Digismart to engage directly in significant projects, further integrating CyanConnode's advanced RF technology into critical infrastructure projects across India.

John Cronin, Executive Chairman of CyanConnode, commented:

"The AMISP certification for Digismart is significant for CyanConnode as it puts us at the forefront of India's rapidly evolving smart metering landscape. Having been active in India for 15 years, and executing our first project a decade ago, we understand this country exceptionally well and are ideally placed to execute projects and meet the vision and standards set by the Government. We are now well-positioned to contribute to the modernization of India's energy management systems and further strengthen our presence in the market."
Posted at 21/5/2024 11:29 by inthetin
Well, from what I can see, these Investor Presentations can have a positive (albeit temporarily) impact on the share price.

10/08/21 presentation - share price was 12.75p
19/11/21 three months later - share price was 26p (i.e. up 100%)

08/12/22 presentation - share price was again 12.75p
03/02/23 two months later - share price was 22.5p (i.e. up 76%)
Posted at 30/4/2024 18:37 by multibagger
Good afternoon DTB and all :)

I gather that the Audit process which is tremendously time and resource intensive was done differently in the past and used to be initiated after the end of the FY and took several months and (potentially years off HP's life) due to the complexity and bespoke nature of various contracts. Now I gather that the "Audits" are being done on a monthly basis and therefore more of a running tally - hence a lot quicker as it is an ongoing process.

This is how I believe the "materially exceeds market expectations" was arrived at pretty soon after the close of the FY. With regards to how much (quantum) of a material outperformance, it is possible that this is being delayed/could come down to a defensible interpretation of various Audit or IFRS rules on "revenue recognition" and maybe a second/more senior opinion is being sought ?

Despite stellar results and 80% of 2025 revenues in the bag, what should have been a brilliant day for CYAN share price was overshadowed by the Crux sale of circa 5m shares. Contracts will land definitely, but these are pretty brutal times for investors on the whole and one needs to be patient.

Good luck all !
Posted at 25/4/2024 07:15 by multibagger
Good morning DTB and all :)

Possibly every investor/trader or "fence sitter" has a theory or hypothesis as to what CYAN corporate action may take place in light of recent announcements, if any at all.

No one knows for sure so it is all speculation IMHO. We all try to join the "dots" (announcements) in a way that makes sense to us given our own subjective perspectives and biases - I am not unique or any different in this regard.

I have called an "Uber Bull" with good reason and I am positively biased towards CYAN and make no bones about it and it may grate on some and the Filter button will silence me :)

There will always be people who "talk their book" depending on what the agenda is at that time and no one holds enough shares to move the market in the longer term. Short term share price volatility comes from poor liquidity and market sentiment and nothing to do with CYAN - in fact the recent results and performance were stellar !

I am a long term, high conviction investor and short term share price "noise" does not bother me nor does what I would consider justifiable dilution if it comes to getting a "smaller slice of a much bigger pie". I am pretty relaxed about these things though for some it seems to cause a severe anaphylactic reaction !

There are loads of ways to make excellent money in the market - though it takes time to figure out what works best for yourself.

So no confusion, vacillation or indecision in my mind....and leave the rest of the BB to it ! Any BB will have a range of views - some which confirm a particular viewpoint and others that challenge/oppose it.

You take your pick !! :)

Good luck all !
Posted at 17/4/2024 13:07 by the millipede
Agree Z1CO,

Worth looking at what has happened to the share price of YU Group over the past few years.

Not many AIM stocks have share price charts like YU because not many experience similar levels of revenue and profit growth.

Seems reasonable to think Cyan’s share price will react positively, even on AIM, if they deliver on revenue and profits.

BWDIK IMVHO
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 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 !
Cyanconnode share price data is direct from the London Stock Exchange

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