Cyanconnode Share Discussion Threads

[babbler] 16/4/2024 07:30

Good? It MATERIALLY EXCEEDED expectations and is at near 3 year lows.

[amt] 16/4/2024 07:28

Strange update. No turnover given and no cash balance. Does look good in principle though.

[multibagger] 16/4/2024 07:20

Good morning all :)

Another excellent update and fantastic to see the four most favourite words in the stock market

"...materially exceed market expectations..."

"...80% of FY25 revenues in the bag

Let's see what the market thinks, but expect the positive response to be muted.

Hope I am spectacularly wrong !!

Good luck all !

[molatovkid] 16/4/2024 07:10

Fill...
Your...
Boots...

[derek ten bag] 15/4/2024 16:25

Today's news hasn't exactly set the heather on fire but I suspect that has as much to do with the overall market conditions than anything else. As Multi has mentioned (and the RNS inferred) this deal is significant in that it opens up a new and potentially very large territory for us. An extension to the SFA with Intellismart would be a good next step, as would positive news from Genus. I am quietly confident that more deals may be very close. This week would be good. I am also wondering if we might be closer to break-even or even profitability than we perhaps think. Let's hope so. GLA.

[amt] 15/4/2024 10:41

Breakeven seems to be about 1.1m GBP turnover per month.
So H2 say 1.2 m units sold equals about 13m GBP at 31% margin.
So perhaps at breakeven now.
Ye 2025 say 2m units say 2 or 3 m profit.

[stupidboypike] 15/4/2024 09:26

Worth pointing out for anyone new that FY '25 is April '24 to April '25. So 1Q fy '25 is April, May June '24.

Good news this morning, keep them coming Cyan!

Best regards SBP

[derek ten bag] 15/4/2024 08:53

Morning all. Good news, promising start, fizzling out already. My question to anyone who thinks they know these things is about our market cap. Currently around £25m. Given what we know regarding the order book, would anyone like to make an assessment of whether that is a fair value or, as I suspect, undervalued and what would be fair value?

[inthetin] 15/4/2024 08:52

To get the audience's full attention, what this production needs now is an appearance from the mysterious Mrs/Mr Genus.

I'm sure that the choreography team are working out when she/he needs to enter the stage to get maximum impact.

Intriguing stuff.

[multibagger] 15/4/2024 08:45

Hi amt :)

Revenues come from different contracts, different countries, different hardware and components like cellular gateways, NB-IoT products, HES systems so refined extrapolation is neigh impossible, unless one has inside knowledge ! I am sure we will get to know in the fullness of time !

[inthetin] 15/4/2024 08:31

Zeus's report for FY23 says that Cyan had installed 1.2M as at that time. Therefore, if that figure is reliable, 1.6M have been installed in FY24.

[amt] 15/4/2024 08:08

It must be higher 1.2m multi otherwise they would be well short of 16m turnover for the year.

[amt] 15/4/2024 07:55

Thanks. I don't have a big holding but it might be possible with a fair amount of work to get to the number.
I had a go at it and got to just 1.6m
Which seems a bit low.

[multibagger] 15/4/2024 07:51

The trend for delivery of modules have been strongly upwards and some upward jumps have been substantial but don't recall any figures recently been put out.

I'll see if there is any historical stuff from presentations that I have.

Edit: 291k were delivered in Q1 2024 cf 391k for the entire year 2023.

So I think we could be delivering about 1.2m+ a year /about 300-400k per quarter though it may be lumpy and not a smooth flow due to offtake being implementation driven ?

[amt] 15/4/2024 07:48

Thanks very much multi.
Can we work out the units delivered in fy March 2024 from the statement


This order takes our cumulative order book for India to 6.6 million Omnimesh modules, of which we have successfully delivered 2.8 million modules by the end of FY 2024."

[multibagger] 15/4/2024 07:46

Hi amt,

About £12.5 per module/over the lifetime of the contract was mentioned sometime ago -but each contract is bespoke so this is just a ballpark figure. Then there are things like HES etc - which are sometimes billed separately....so difficult to give a simple answer.

Also forex volatility comes into play with USD (components), Indian Rupee (INR)payments for contracts and conversion into GBP for our financial statements.

Oil markets seem to be more sanguine as they have marked down oil prices - so hopefully our stock market reacts to this great news in a positive way.

[multibagger] 15/4/2024 07:36

Good morning all :)

A welcome and hugely significant announcement for the Company despite worrying global issues - maybe worth another £3.3m over the lifetime of the contract or thereabouts ? (my guess).

Lucknow is the largest city and capital of Uttar Pradesh (UP) - population estimated over 4 million. Uttar Pradesh has the largest population on a state basis in India with a population of over 241 million (Wikipedia) - not far off 4x our population !

Intellismart has won total contracts of about 6.7 million smart meter contracts through RDSS in UP alone.

So this is a very important/totemic and flagship beach head to get the RDSS programme started and a lot more to follow (one would logically expect).

Also seems to confirm that we are not in a closed/purdah period for awards already made in the context of general elections.

The Company is making great progress IMHO but I am biased as I am a holder !

Good luck all !

[amt] 15/4/2024 07:32

I have forgotten how we convert this into money. Is it 10 quid a module so this is worth 2.6m ?

[pillow] 15/4/2024 07:09

A bad day to deliver good news. But still it is good news.

[skinny] 15/4/2024 07:06

John Cronin, Executive Chairman of CyanConnode, commented:

"We are delighted to announce a fifth order from IntelliSmart received under the Strategic Framework Agreement. CyanConnode's influence in India continues to grow as the nationwide rollout of smart meters gains momentum. This order takes our cumulative order book for India to 6.6 million Omnimesh modules, of which we have successfully delivered 2.8 million modules by the end of FY 2024."

[paulboz] 14/4/2024 10:17

The writer of the article claims "I'm more bullish now than I've been for 30 years"...on the eve of World War 3!! What a complete fraud he is?

[inthetin] 14/4/2024 09:42

It's easy to tell who are the private investors on these BBs and who are part of the choreography team - it's a timing & source of material thing.

I didn't get where I am today without knowing a thing or two about something being choreographed when I see it (for the old effers amongst us who remember The Fall and Rise of Reggie Perrin. BTW, does CJ remind you of anyone?)

[stupidboypike] 14/4/2024 06:40

Great post major, and pretty exactly echos my own thoughts.

Thanks for the reminders of the positives mb!

Best regards sbp