Cyanconnode Share Discussion Threads

[multibagger] 06/3/2024 10:00

Hi DTB :)

India is the big prize for sure and that's where the focus should be IMHO.

Other markets though interesting are not of the same size from a TAM perspective. Also many developing countries don't have earmarked funds for smart metering and reliant on World Bank, USAid, DfW, ADB, DFID etc for capex funding and this is pretty expensive at scale. So most developing markets have this inherent barrier and conversations could stay at an "aspirational level" till the realities change on the ground.

The Middle East is cash rich and these rules don't apply, but populations are very small comparatively. Nordics are cash rich but again tiny populations. So to be meaningful from a revenue point of view, markets outside India have to have "ring fenced" smart metering funds and meaningful populations/TAM to make sense to deploy manpower/to chase contracts - hence these will be peripheral largely to CYAN (unless above criteria are met IMHO). So my gut feeling is that "in country" partners in the sector will approach CYAN at trade shows for technology partnerships/joint bids for contracts etc rather than CYAN chasing smart metering tenders in these countries.

I could be wrong of course :)

[derek ten bag] 06/3/2024 09:32

I have been checking that regularly and that is definitely a new addition. Yesterday there were only the other five members of the India team. Whatever. Good to see.

[homebrewruss] 06/3/2024 09:13

Ajoy Rajani is on the website here
and also displays his position at Cyanconnode on his Twitter and Linkedin profiles.

[derek ten bag] 06/3/2024 09:05

Morning Multi, good to have you back. I have said on a number of occasions that having business in several territories is a positive and been rather shouted down by those who say it must all be about India. I agree that India is a huge market and we are right to stay fully focused on it, but the potential from MENA, Thailand and elsewhere should not be minimised. The fact that the company described the recent Thailand deal as 'significant' was, I think, an attempt to send a message to shareholders that it has the potential to be increasingly important to us going forward. I would also like to see something coming out of our tie-up with SEW. I do feel that the company needs to improve its communications with shareholders. The website needs to be updated for a start and it would be good to be kept up to speed with what is happening on the ground. And as a matter of interest, what are your thoughts on Ajoy Rajani? He was one of our key players in CC India and has been taken off the website. That puzzles me.

[inthetin] 06/3/2024 08:50

The market values Cyan at somewhere between 7p and 14p (market cap of £21M - £42m).
Nothing but orders is going to change that so the yo-yoing in the share price between 7p & 14p will grind on for as long as that takes, if indeed orders do ever come.

[multibagger] 06/3/2024 07:42

Good morning SBP and all :)

All fine thank you and hope things are good for you too !

I have been to India very recently and spent a few weeks there to see things on the ground. Indian economy and stock market is moving at very rapid pace for Indians though it may seem very dull for us over here. Genchi genbutsu......makes a difference. As we are coming to the end of the Indian financial year, it could/should trigger some news given RDSS incentives and penalties.

I don't believe CYAN is a binary bet - the downside is pretty limited as we have a growing presence in many other countries as well. The question to me is how big is the upside for us at this time ? Our collaboration with SI Labs seems to have been strategically well thought out and I am sure we will meet the new regulatory compliance, if not already.

Our UK stock market is constrained with little disposable income for investing and large fund withdrawals...so this is something that has to be endured. Budget today and I don't expect any miracles....let us see if the extra funds towards a British ISA makes an appearance or whether Pension providers are permitted/required to invest more in the UK market - if they do, it could help sentiment a bit.

Good luck all :)

[inthetin] 05/3/2024 16:30

I'd like to know how many shares PM Group are actually holding today. On the Cyan website, it says that they hold 10.996% of the co but my guess is that they don't hold that many - probably about 3 million less is my guess.

Also, it's about time they removed C Jones from the shareholders page on the co website because he hasn't been a director since the end of January.

[derek ten bag] 05/3/2024 15:56

Sorry, should read 'are there buys in there that are listed as sells?'

[derek ten bag] 05/3/2024 15:48

Almost all the trades today are down as sells. Is that correct or are there nuys in there that are listed as sells? Either way, it's time we got some communication from the company regarding progress.

[gleach23] 05/3/2024 14:16

Looks like 300k dumped earlier this morning at 11p. Feels like we've gone back in time by 3 months. Ho hum.

[folderboy] 05/3/2024 13:58

Positive noises and yet the price drops ... shall I add?

Of course I shall/have. As young master pike suggests you either back the belief or you walk away.

[stupidboypike] 05/3/2024 13:14

mb, nice to hear from you and hope all is well. This is significant, many thanks.

I believe Cyan is looking binary now, either we get the success that the evidence points to in India and the share price will be a multiple of where it is now, or all of us have missed something important that will prevent that. I can't see many in between options. FWIW I think the former and I am backing that belief with a not insubstantial investment.

Best regards SBP

[multibagger] 05/3/2024 10:05

Good morning all :)

Been kindly brought to my attention as it appears to be a very significant development in the smart city and smart metering ecosystem....we have been name checked !



Good luck all !

[stupidboypike] 04/3/2024 17:36

Changing banks could be a very good thing. It was mentioned about 6 months ago I think that they were discussing lines of credit with Indian banks. IMO this would be a far better route to the cash needed to service large orders than yet more share dilution. We live in hope. Best regards SBP

[derek ten bag] 04/3/2024 17:08

Don't knock it ITT. Irrelevant sh*te is surely better than nothing.

[inthetin] 04/3/2024 17:04

As we get RNS's for all sorts of other irrelevant sh*te, surely this warrants another.

[daddy warbucks] 04/3/2024 17:03

Beat me to it lol.

[daddy warbucks] 04/3/2024 17:01

On the link provided, if you go to page 3, you will see...02 Sep 2009 Particulars of a mortgage or charge / charge no: 1 View PDF Particulars of a mortgage or charge / charge no: 1 - link opens in a new window - 5 pages (5 paNo idea if this is the charge which has been satisfied.

[derek ten bag] 04/3/2024 16:53

In which case, it sounds positive for the company that we can pay off loans made to us. Still be good to get an update on how business is progressing.

[tightfist] 04/3/2024 16:47

IIRC two Directors made a loan to CC - £300k possibly. Maybe they have now both been paid-off, and the security released, prior to the year end? Just a thought; I recall one was paid-off a while ago.

[homebrewruss] 04/3/2024 16:39

Sounds like an old loan paid off
'A charge is 'satisfied' when it's paid off. You do not have to tell us, but any satisfied charges left outstanding on our records could have a negative effect on your company. It's a good idea to make sure any charges registered against your company are correct and up to date'

[inthetin] 04/3/2024 16:36

Hi DTB

Any idea what this 'Satisfaction of charge' is about?



I thought for a moment that JC's loan had been repaid and his £40K pa of interest would now cease but it's not that.

I didn't think that we had any other debt.

Cheers

ITT

[derek ten bag] 04/3/2024 16:16

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.

[inthetin] 04/3/2024 10:35

Hi DTB

I'm not so sure - it's the perfect story for stringing people along endlessly, persuading them that company success is just around the corner.

In the meantime, JC is pocketing £400K pa in salary plus £40K pa in interest on a £300K loan. At 68 years old, it's not too bad for him either way (i.e. whether the company succeeds or not).

GL

ITT